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Home My WebLink About0448 File 5-29,636 notia thereot by m~il w ths Morcg~gee ud tAe Mort~gee may maice proot ot Iws it tAe same ia rot made prompUy by tfia MoRgagor. In eva?~ ot (oro cloAUS ot this mortgaye or othsr tr~nafer ot tit,M w the aart~~ged p~uPertY in e:tinguiahm~nt ot the indsbtedne~s sscvnd haebY• dl risAt. title ~nd interest o! tM Matg~or in ~nd co u?y inwranos po6cies thea ia force sh~ll pasa to the purcl~a~sr or g?ar?tee. Ibl To psrtorm. eomply with ~nd ~bids by erch ud every the stipulationa. ~greaneata conditions aod ooveaants ia said promiseorY oote aad in t!w deed s~t Eortl~. lil'IUat i! u~y ot a~id swa+ ot moaey Mrein ~e[erred to be not promptly u?d tully p~id ~itAin_ fiftesn d~y~ ae:t atter t!?e same ~everally bscoa~ae due aad p~rable. or it e~ch aad every tAe atipubtion~~green?diu. conditaa~ and covenents ot aaid proa~issory note ~nd thia deed. o? either. are not fuliy p~tora~ed. eomplied ~rith aad abidsd by. the said ~g~eg~te sum mentioned ia eaid promissory iwte sfuU beom~e due wd payabls forthwith or tMreafl~er at the option ot tAe Mortg~gee ~s [ully and rnmpletdy as it tM said agg~gite sum ot aaid promissory oote wras origiatUy stipulated W bs p~id on such d~y. mything ia s~id promisaory aobe or he~ein w lhe contruy aawrithst~ndiag 1 j171ut in order to ~cceknte the maturity o( the indebtedneea Aereby aecvred. becauae ot the tulure ot the Mortgagor w p~Y ~ay wc. aaseem~e~.. liabiti- ~ ty. obligation or encvmbraaoe upon stid propertY. sa herein provided. it nliall not be necesaary or requiaite that tbe mortga~gee shaU first p~y the s~me- , ~ 2. The Mortgagee may, at his option, and without waiving his right to accelerate the indebtednese hereby secured and to forecloee the same. pay either before or after delinquency any or all of thoae certain obligationa required by the teraas hereof to be paid by the Mortgagor for the protection of the mortgage security or for the collection of the indebted- ness hereby secured. All sums so advanced or paid by the Mortgagee ahall be charged into the a~rtgage account and becoine an integral part thereof, subject in all reapects to the terma. oonditions. and covenanta of the aforeaaid promie- ' sory note. and this mortgage. ea fully and to the same e:tent as though a part of the original indebtedneae evidenced by , said note and secured by this mortgage, e:cepting however, that said aums shell be repaid the Mortgagee forthwith upon its demand and be in addition to the regular monthly installments provided by the mortgage note. 3. That the abstract or abstracts of title rnvering the mortgaged pmperty ehall at all timea. during the life of this mortgage. remain in possession ot the Mortgagee and in event of the foreclosure of this mortgage or other tranafer of title W tl~ mortgaged property in eztinguiahment of the indebtedness secured hereby. all right, title and interest of the Mort- gagor in and to any auch abatracta of title ahall pass to the purchas~ or grantce. 4. To the eztent of the indebtedness of the Mortgagor to the Mortgagee described herein or secured hereby. the Mortgagee is hereby aubrogated to the lien or liens and to the rig6ts of the owners and holders thereof of each and every mortgage, lien or other incumbrance on the land described herein which is paid and/or satisfied. in whole or in part, out of the proceeds of the loan described herein or secured hereby. and the respective liens of said mortgages. liens or other iwcumbranc.es. shall be and the same and each of them hereby is preserved and shall pasa to and be held by the Mortgagee herein as aecurity for the indebtedneas to the Mortgagee herein described or hereby aecnred, to the same eztent that it ; ~vould have been preserved and would hsve been passed to end been held by the Mortgagee had it been dnly and regularly - assigned. tranaferred, set over, and delivered unto the Mortgagee by separate deed of assignment, notwithatanding the fact that the same msy be satisfied and canoelled of record. it being the intention of the partiee hereto that the same ~vill be satiafied and cancelled of reoord by the holdera thereof at or about the time of the recording of thie mortgage. 5. In the event the ownerahip of the mortgaged premises. or any part thereof. becomes vested in a peraon other than the Mortgag~or, the Mortgagee may, without notice to the Mortgagor, deal with such suocesaor or succe~sora in in- terest with reference to this deed and the debt hereby secured. in the same menner sa with the Mortgagor without in any way vitisting or diecharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the Mortgagee. and ao eztension of the time for the payment of the debt hereby secured givea by the Mortgagee ahall operate to releese, diacharge, modify. chang~e or affect the original lia- bility of the Mortgagor herein either in whole or in parc. ~ 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebtedness, however ~ evidenced. whether by said promissory note or any renewal or e~ctension thereof or aubstitute therefor, or otherwise, ~ until all sach indebtednesa shall have been fully paid. 7. In the event tlae mortgagors sell, conoey or tr~ans(er the mortgaged premises during the life of this r..ortgage, ; then this mortgage slwll, at the option o( the Mortgagee herein, become immediately due and payable for the /ull su~n of ~ the prineipol 6alance and interest t/aen due. : 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, per- t sonal representatives, successors and assigns of the respective parties hereto. Wherever used the singular number shall include the phual and the plwal the singular, and the use of any gender shsll include all genders_ ~ a F ~ S' , led a ed i he sence of : ~ tSeal) ~ ~ ~ ~~J r~ J c ~ , - STATE OF FLORIDA S9 . ~ COj~~'1'~t~~;~~ ~~p g. McNULTY an unmarried woman, being the ~ ~ Before me personal~Y eP~«cf widow of F. LEO McNULTY to me well lmown and known to me to be the individual described in and who ezecuted the foregoing instrument, and acknowledged before me thet they executed the same for the pnrposes therein expressed. WITNESS my hand and =x official seal in the County and State last aforesad this 4th Day of April, 1974 : ~:,~~i~f, ~ y : r . r~ : J . . , - June 30, 1975 tvocaTy ~b~~, scace ot Florida at s My Commission Espires: : , = . • • . ' ~r' . ` .1 • " . -G ~ ~ f1~E0 AND RECOAOEO • .y . • . St.lUC1E COUNtY FU. ~ ~c. , , . r< : itOCER PO~TRAS [ • , • . OURt ' . :L,~ .7• .t~~~. r/ ~ CIEFtK CIRCWT C t` 11 RECORO VERIf IEO l " y- ~~e 2 ~zeN'T~ e~226 P~ 448 A~~ ~5 - 2'794ti6 y~_'` >~s~ - - _