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Home My WebLink About0614 File 5-30,011 notios tAe~eo( by tnail W the Mortgagee and the No~t gaKcr may malce proot ot luxs it thr sxme is oot m~de promptly by the Mortgagor. In evenL' ot (orr clawe of this mt,~tgage or other tranafer of titb to tbe a?ort~~ud ptopertY in e:tinguishment ot ths indeAtedne~s aecwed Awebp. d1 riiht. ptie ~^d ' iatarest ot tLe Mortg~gor in u?d to aay inx~uance policies then in force shdl pasa to the purch~ser or grancee. Ih11b ps~torm. eanplY with and ~bide by e~ch and e~bty ths stipulations. agreanmts. cooditions aad coveaants in uid promi~~orY note ~od in thi~ dsed sst forth. 1i17hat it aay ot a~id sums oi a?oney he~ein reterred w be not promptly ~nd tuily paid +rithiti-_-~ftesn daya o~t atter tAe same ~avarally became~ due and payabk. a i( cach a~?d svery the stipu4ta~u, sgreema?u. co~ditaeu and rnveosnts of ~id promisaory note ~~d tAis deed. or eitMr. ve noc tully pertormed. eonnplied ~rith aad abided by. the ssid aggreg~te sum msntioned in aaid promissory note sha11 becnme due aud p~yabb IortAwith or ths~eattar at tl?e optioa of the Mortgagee ~s tully and completdy ~a it the eaid aggregate sum of ssid pmmissory aote ~ru wigitilly stipu4ted W bs p~id 0o eueh dar. ~nything ~u aaid promisaory note or herein to the contnry c~otwithstan~ng. . 11171ut in order to ~ceeknte the auturity ot the indebtcaines~ hereby ~ecvred. becawe of the tulure ot tAe htortgagor to p~Y ~ny tu. ~sxsemeat. liabiti- ty. oblig~tion or eneumbrance upon s~id pmpertY. aa Aerein pro~idud. it shall aot be necrasary or roqui+ite that the matg~gee ahall Cust pay tha suoe. 2. The Mortgagee may, at his option, and without waiving his right to accelerate the indebtedness hereby secured and to foreclose the same. pay either before or after delinquency any or all of those certain obligations required by the tercns 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 pnid by the Mortgegee shall be charged into the mortgage aceount and become an int~ral part thereof, subject in all respects to the terms. conditiona. and covenanta of the aforesaid promia- sory note, and thia mortgage. as fully and to the same eztent as though a part of the original indebtedness evidenced by said note and secured by thia mortgage. e:cepting however, that said sums shall 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 oi title covering the mortgeged property ahall at all timea. during the life of this mortgage, remain in possessioa of the Mortgegee and in event of the foreclosure of this mortgage or other transfer of title to the mortgeged property in eztinguisha~ent of the indebtedness secured hereby. all right. title and intereat of the Mort- gagor in and to any such abstracts of title shall pass to the purchas~ or grantee. 4. To the extent of the indebtedness af the Mortgagor to the Mortgagee deacribed herein or secnred hereby, the Mortgagee is hereby submgated to the lien or liens and to the rights of the ownera and h~ld~s thereof of each and every mortgege, lien or other inc~mbrance on the land described herein which is pnid and/or satisfied. in whole or in patt, out of the proceeds of the loan described herein or secured hereby. and the respective lisns of said mortgages, liens or other incumbrances. shall be and the same and each of t~m hereby is preserved and shali pass to and be held by the Mortgagee herein as security for the indebtedness to the Mortgagee herein described or hereby secured. co the same eatent that it would have been preserved and would have been passed to and been held by the Mortgag~ee had it been duly and regularly assigned. transferred. set over, and delivered unto the Mortgagee by separate deed of assignment. notwithatanding the fact that the same mey be satisfied and cancelled of record, it being the intention of the pertiea herew that the same will be satisfied and cancelled of record by the holders thereof at or about the time of the recording of this mortgege. 5. In the event the ownership of the mortgaged preauses. or any part thereof. becomes vested in a peraon other than the Mortgagor. the Mortgagee may. without notice to the Mortgagor, deal with such auccessor or aucceasors ia in- terest with reference to this deed and the debt hereby secvred, in the same manner as with the Mortgagor without in any , way vitiating or dixharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the preausea hereby mortgaged and no forbearance on the part of the Mortgagee. and no extension of the tune for the payment of the debt hereby secured give~a by Lhe Mortgagee shall operate to release, discharge. modify. chen8e or affect the original lia- bility of the Mortgagor herein either in whole or in part. 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebtedness. however t evidenced, whether by said promissory note or any renewal or eztension thereof or substitute therefor, or otherwise. ' unt~7 all such indebtedness shall have been fully paid. ~ 7. In the euent the ~rtortgagors selt, conuey or tmnsjer the mortgaged p?emises during the life ojthis mortgage, s then this rnortgage shnU, at the option oj the Mortgagee herein, become immediately dae and paya6le (or ihe fuU sum oj ° the prineipal balanee ared interest tken due. , . ~ 8. The terms "Mortgagor" and "Mortgagee whenever used in this instrument shall include the heirs, per- sonal representatives, successors and assigns of the respective parties herew. Wherever used the singular number shall ~ include the plural and the plural the singular. and the use of any gender shall include all genders. ~ - S' sealed and deliv in the presence of: '~j , ~ t~cc~ >~'7 ~ c s~ !ci • ' ~ (Seall STATE OF FLO DA 9S COUNTY OF ffiX~4]t ~ ST. LUCIE HUGGINS JR and DONNA E. HUGGINS, his wife, Before me personally eppeared MERL F. ~ • to me well Imown and known to me to be the individual described in and who esecuted the foregoing instrumeat. and ~ aclmowledged before me that they executed the seme for the purposes therein ezpressed. W ITNESS my hand and of~cial seal in the County and State last aforesa`d this 25th Day of May, 1974 ~ ~ ti~~tucuuu;~~~t . . ~`J ,,w.....~~~ ~ ~~~``L ~ r j ~ . - ~ _ f • s ~ i ~ MyCommission Eapires• JuR@ 3O, 1975 Notary Public, S of • : - . , , ; _ ~ A_,~.. * : : , • ~ . ~„E, ~7~ . :ji:' ~F" ' p ~Mf; AEC~R4E~ ' ~ ~ f1lE „OUNTY ~ , .,f~.t;.. fLA. , • ~ St. a~~ _p ~p,SRAS a~ ~ ~ CLfRK ~~"~'~1o COU AFCOR~ VEF~F~E . 3i~ eH'~a f"~ 228 P~~F 613 a •,~.~336~3 = - „ _ _ _ . , . _ ' - ~ ~i'~=~ 2 ~ ~