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Home My WebLink About2805 ~ Uur fil `~'=30,195 ~ th~~ mw~~~pe ~r oihr~ ~rans(t~ ul hUe ~o ~he mw~~a~eA pope~ty m eaun~u~shmenl u~ ~he ~~debteJness ~eaweA heteby, •11 r~~M, h~le atwl ~nle~rxt o( ~he Al~x~~a~w ~n and to ~ny msurance polic~e+ tAen irt lwce shafl pass ~o Ihe purchaser w~~an~et. ~ (h) To pe~(~rm. cumply ~ruh rn~1 ab~de by each •nd every the st~pulat~ms. a;reements. tond~t~a?~ and coveoants ~n cy~d prwn~+sury ~ nolt am1 in ~his deeJ ~et (wth. , , hf~eeo days ne~~ alter ~ 1 That d~nY of .~~d sums ut maney here~n ~eferrrd to Ae not prwap~ly and fully pa~d ruMe the same severally be~umes due aod psYable.a if eacA and everY tht s~~pul~t~ons. ~{reements. conJ~~~onx and coven~nta o( sa~d prom~s. say no~e and th~s deed, or e~ther, a~e oo~ ~ully per(amed. compl~ed ~uh and aD~ded by, ~he .a~d aure~ate sum ment~oned ~n sa~d pran~ssaY ~~te shall becane due snd DaY~ble («tA+ri~h ~x ~heroa(ur at tAe opu.xi o( the Nwt~a~ee as (ully and comple~ely as ~f the = ca~0 a«rep~e swn of sa~d prortds.a~y nole ~r~s or~i~ns11Y supulated to be paid on sucA d~Y. anytA~n~ ~n ss~d prom~ssory note or herem S. 1 to the contrary not~~~AsuedmR. ) That ~n ader to accelera[e the mawnty o( ~he indeEtedness Aereby ~ecured, ~ecause ut the fa~lu~e o! ~he Atw~ta~u~ ~o pay anY u~, ; •saecsmenl, I~ab~li~y, obli~ation ~x rn.uu~branc~ ui'on »~d p~^Par~y, ss here~n prov~ded, shall not be ne~escaty or requ~s~te Ihat the , m~~~ajee shall f~rct pay ~he saa~e. ' s The tilortgagee may. at his aption, and without waiving"his right to accelerate the indebtedness hereby ; secured and to forecluse the ~ame, pay either befote or after delinquency any or all of those certain obligations required by the terms hereof to be paid by the \lortgagor fo~ the protection of the mortgage security or for the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the !Nortgagee shall be charsed into the mortgage account anJ become an integral part thereof. subject in all respects to the terms, conditions. and c~v~nants of the aforesaid pn~missoty note. and this mortgage, as fully and to the same extent as thouah a part of the original indebtedness evidenced by said note and secured by this mortgage. excepting however. that said sums shail be repaid the Mor~gagee forthwith upon its demand and be in addition to the regular monthly install- ments provided by the mortgage note. 3. That the abstract ar absuacts o[ title covering the mortgaged property shall at ali times. during the life of this mortgage, remain i~ possession of the Mortgagee and in event of the toreclosure of this mortgage or other tra~sfer of title to the mortgaged property in extinguishment o[ the indebted~ess secured heteby, all right. title and interest of the ~lortgagor in and to a~y such abstracts of title shall pass to the purchaser or grantee. 4. To the extent of the indebtedness of the Mortgagor to the Mortgagee described herein or secured hereby, the ~lortgagee is hereby subrogated to the lien or liens and to the rights o[ the ownets and holders thereof of each 7 and every mortgage, lien or othet incumbrance on the land described herein which is paid and!or satisfied, in 1 whole or in part, out of the proceeds of the loan described herein ot secwed hereby, and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each 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 secured, to the same extent that it woutd have been preserved a~d would have been passed to and been heid by the !1lortgagee had it been duly and regutarly assigned. transfened. set over. and delivered unto the Mort- gagee by separate deed ot assignme~t, notwithstanding the fact that the same may be satisfied and cancelled of record, it being the ~ntention of the parties hereto that ihe same will be satis[ied and cancelled of record by the holders thereof at or about the time of the recording of this mortgage. 5. In the event the ownership of the mortgaged premises. or any part thereof. becomes vested in a person other than the !?lortgagor. the ~lortgagee may, without notice to the Mortgagor. deal with such successor or suc- cessors in ~nterest With reference to this deed and the debt hereby secured. in the same manner as with the Mort- gagor without in any way vitiating or discharging the Mortgagor's liability horounder or upon the debt hereby sccured. No sale of the premises hereby mortgaged and no forbearance on the patt of the Mortgagee. and no ex- tension of the time for the payment of the debt hereby secured 6iven by the Mottgagee shall operate to release, discharge. modify. cha~ge or a[fect the original liability of the Mortgagot herein either in whole or in part. 6. The lien of this deed secutes and shalt continue to secure payment of said indebtedness or indebted- ~ ness, however evidenced, whether by said ptomissoty note or any renewal or extension thereof or substitute there- ~ for. or otherwise, untii all such indebtedness shall have been fully paid. 7. /n the event the mortgagors selJ, convey or t~ansjer fhe mortgoged prernises du?ing the lije oj this mo?t- RaRe, then this mortgage sha[i. at the option oj the Aforrgagee herein, become inunediately due and payable jor the ju/l sum oj lhe p?incipa! balance and interest then due. _ 8. The te~ms "Mortgagor" and "Mortgagse" whenever used in this instrument shall inctude the heirs, personal representatives, successors and assigns of the respective parties hereto. Wherever used the singular number shall include the plural and the plural the singular, and the use ot any gender shall include all genders. ~i . ~ ~ Signed, aled and iv d ~ presence of: ~~T . ~ (Seal) i ~ ~ (Seal) ' 1 ~ ~,c~` _~,,-,.~-a lc..c~ STATE OF FLOR[DA I ' ~ ss courv-rY o ~ STBe[orej me pecsonally appeared GEORGE COLLINS atZd MADELINE COL~.INS ~ his wife, to me well known and known to me to be the individuals described in and who executed the foregoing instrument. and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand ~ and official seal in the County and State last aforesaid this 15tt1 DSy of June, 1974 ,,,~~+_"°'=~?:r,,~ . ; : , ~ . ~F. : ~ y~ ' t ~ ~ ~ ~ ~ • r^ ' - ~ ' ' • ' My Commission Expires: Jut1e 30, 1975 Notary Public, State of Florida at~ ~ _ - ; - - _ , - . -.~.,y; ;-',:~s fILEO ~4u ~E~UROEO ' `L' ST. WCI4_ :UUNtY F~A. ~p ~ R"v~: : .-:l~ ~ RA5 ~ lGrC7S1~ d= ? . CLEER :J~~ CCL'RT ; P.EC~%•' .:r.,:- r~~~~, ~ ~1 ZS 1 1G PM'~~I BOOK~•~•?S PAGf~~ x~ ~ ~ . , - - - - - _ < h~~'ia,~ ~ ~a~ ~ . da ~ _ _ _ - . ``~'ac"-~"" .n,.