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Home My WebLink About2802 Our file 5-30,187 ~Au nwxl~s~e ~y .•tAer tnns(t~ ~~Ne w ~At mw~~a~ed poperty m t~un~wshmenl ut ~he ~nde~tedness secwed here~Y. ~11 t~~h~. t~Ue anJ ~nte~e~~ ~he \Icw~~a~a ~n and to any ~nswsncs pulic~es ~hen in fwce sA~ll pass ~o ~he pwcAsu~ o~ ~rsntea (A) To ptrfc+rm. cwuplY +~~th and ab~dt by e~ch anJ evetY the aupul~uons. ai~eements, cond~hona and coveeanta ~n aa~d pruemsawy eolt and ~n ~h~. derJ st~ fwtA. Q 1 That d any o( aa~d sum.a ot money here~o tefer~ed to be nut O~~P~~Y snd tully pa~d ~~~A~n (~fleen days nexl after the san+e seve~aily becomes due and paYa~le.w ~t eacA aad ere~y the at~pulat~ons. a~reta~entc, c.,nd~~~ons snd covcnanis ot ssid paa~s- say note and IA~s deed, w e~ther, ~re not (u11Y D«<~~d, cwspl~ed vr~tA and ap~ded by, the .~~d at~re~ate sum menuoned in said aq~~sspy note sAall becaee due aed paYible fath~~tA or thereatter •t tAe option o( tAe Nwt~a~ee ss fully and completely as ~t the sa~d at~e~ate suw o( sa~d prom~x~wY note r~s ot~S~na11Y stepula~ed ~o be pa~d on such day. anYth~n~ m s~id pan~ssory noie or here~n to ~he con~rsry not~a•~thstand~nE. V) TAat ~n order ~o acctle~~tc lAe matunty o( the indebtedness hereby aecwed, because of the tsilure o( the Noet~a~or to paY anY ~ax. •ssessment, Iub~Gty, obl~~auoe ix c~~~mb~a^« upa? sa~d proper~y, ss Aerem prov~ded, shall not be neces~ary a reQu~sue that the m~x~ss~ee shall f~rct pap the same. 2. The Mottgagee may, at his option. a~d without waiving his right to accelerate the indebtedness hereby secured and to (oreclose the same. pay either before ot after delinquency any or. all af those certain obligations required by the terms hereof to be paid by the Mortgagor t~r the protection of the mc~rtga6e securily or for the coi- lection of the indebtedness hereby secured. All sums so advanced ot paid by the Mortgagee shall be char6ed into the martgage account and become an integral part thereof. subject in all respects to the terms, conditions. and cavenants of the aloresaid promissory note. and this mortgage. as fully and to the same extent as though a part of lhe orieinal indebtedness evidenced by said rtote and secured by this mortgage. excepting however, that said sums shall be repaid the Alortgagee forthwith upon its demand and be in addition to thc regutar monthly install- ments provided by the mo[t~age note. - ~ 3. That the abstract or abstracts of titfe covering the mortgaged propetty shall at all times. during th~ life ~ of th~s mortgage, remain in possession of the Mortgagee and in event of the foreclosure of this mortgage or other transEe~ of title to the mortgaged property in eatinauishment of the indebtedness secured hereby, ail right. title ' and interest of the ~lottgagor in and to any such abstracts of ti~le shall pass to the purchaser or grantee. ' 4. To the extent ot the indebtedness of the Mortgagor to the PMrtaagee described herein or secured hereby, the 1lortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereot of each g 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 ot secured hereby, and the respective liens of ~ said mortgages, liens or other incumbrances, shall be a~d the same and eac6 of them hereby is preserved and shall ~ pass to and be held by the Mortgagee herein as security for the indebtedness to the Mortgagee herein described ~ or hereby secur~d, to the same extent tt~at it would have been preserved and would have been passed to sed been ~ held by the ~lortgagee had it been duly and regularly assigned. transfened, set over, and delivered unto the Mort- ~ ~agee by separate deed of assig~ment, notwithstanding the iact that the same may be satisfied and cancelled of ' record, it being the intention of the patties hereto that the same wil{ be satistied and cancelled of record by the ~ holders thereof at or about the time of the recordin6 of this mortgage. ~ S. In thc event the ownership of the mortgaged prernises. or any part thereof. becomes vested in a person other than the !1lortgagor, the 1rMrtgagee may, without notice to the Mottgagor. deal with such successor or suc- ~ cessors in interest with teference to this deed and the debt hereby secured, in the same manner as with the Mort- g ga6or without in any way vitiating or dischar~ing the Mortgagor's lisbility hereunder or upon the debt hereby ? secured. No sale of the premises hereby mottga~ed and no forbearance on the part of the Mortgagee. and no ex- tension of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to release. 'i discharge, modify. change or affect the original liability of the Mortgagor herein either in whole or in part. ~ ; 6. The lien o[ this deed secures and shall continue to secure payment of said indebtedness or indebted- ~ ; ness, however evidenced, whether by said promissory note or any renewal or extension thereof or substitute there- ~ for, or otherwise, until all such indebtedness shall have been fully paid. ~ 7. .ln the event the mortgogors sell, convey or transJe? ~he mongaged premises during the !i(e oj this mo?t- ~ ~age, then this mortgage shall, at ~he option oJ the Ator~gagee herein. becorne inunediately due and pnyable Jor the _ jull swn oj the principa! balance und interest then due. ~ 8. The terms "Mortga6oi ' and "Mortgagee" whenever used in this instrument shall include the heirs. ~ personal representatives. successors and assigns of the respective parties hereto. Wherever used the singuiar number shall include the plural and the plural the singular, and the use of any gender shall include all genders. Signe sealed an e v d i e pr ence oL• ~r-~-~~//~~~j,(sJ•~~~-~ (Seal) , ~ = ~ ~ ( ~G ~ r,_~12- Lti..;~---~ (SeaU ~ . ~ l-cccJ O/"~- ~ ~ ~ i - STATE OF FLORIDA I COUNTY OF~K j ss ST ~IiCIE ~ ~e ore me ~ersonatly ap~eared WILLIAM PRINCE and ORA LEE PRINCE~ his wife, to me well known and known to me to be the individuals desctibed in and who executed the foregoing insuument, , ~ and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my har~d , . ~ and official seal in the County and State last aforesaid this $th D8)1 of June, 1974 t ; +`t+`~~s= 1. , ~r~~ri,~ t •r ~ , r-. ~ ~ ~ ~ ; . ~ ' ~s~' ~ ~ . , ~ _y ~ - l. t~ ~1y Commission Expires: June 30, 19~5 Notary Public. State of rld8 =St. e- e_ V- ~ ~ _ <n;r;. FILEO ~'!U ?~ECORDEO , 6.:'•,- . ,ic• ~ ....:.i . sT.~uci~ c~uMtr ~t~?. ~ ~ . , }~-s_-. ROCE ~ ?:~lTllRs f : ctEF:~ ;:~=:-u:r couat R f e~ t r y c:. ~ j~ Q,,,.~,~,,,~,~ s .iw~ 15 2 PM'~~ o R ~Q q?~? f 600K PACf (r s,~ ~ Y~ ~ : x~ . -~i