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Home My WebLink About0903 . . ' • Our File 5-30,481 ! th~s a~wlt~fe ut other I~ansfc~ of UNe lo the mo~lsascd ptoperty ~e erunswshmeet ul tAe ~ndebudne+s ~t.wcd Acrcby, ol! nrht. ~ule aea! ~n~euul ut ~he Ak~~ratw ~n and to anY insuraece poGc~es ~hen m torce sDall pass to ~he pu~c~aae~ a pan~ee. lA) To pr~~~ym, rumC1Y W~~ a~ ab~de by tach and eve~Y ~e st~pulauons, a~recments. condN?ona and coven~nts ~n sa~d prwn~.swy - nole and ~n th~s derd sN fo~tA. Y O~~d ~~th~n t~tteee ~ays eeu atur / Tha1 any of ,s~d suma uf moneY here~n re(erred lo bt eot pranpily and full tl~e ssme severally becomes Jue and psYable,or ~f eacA and every the st~pulat~ons, a~~eements, comi~t~una snd covenaets o! ss~d prow~s- say note and tAis detd, or e~ther, ue eot tuliy per(o~iued. to~wD~~ad w~tA and ae~ded ~y, ~he sa~d a«repte sua menuoned ~n sa~d prwa~ssaY note shali becane due and paY+ble (athrith or therea«<r a~ the opt~on of thc Mwt~atee as fully and completely as ~t tAe ,,....wa11v stioul~ted to se patd oa sueA d~y. aaY~?~i ~n sa~d prom~ssory nou or Aere~n - - _ ~ - - - ss~u .~s~~e.cc . to tht conlrary notwul~slandm~. ) That ~n order to aCcelerate tAe matunty o( tAt ~ndebtedness here~y secured, becsuae of the ta~lure o( ~Ae Ma~tstor ~o pay sny ~aa, asse~sment. I~ab~f~ty. obl~sauon i+r encumbrance upon s~~d pr~perty. as herem provided. u shall not be netascary or teQu~sitt iha~ the mw~sa~ec sAall tuct psY the sa~se. 2. The Mortgagee may, at his aption. and without wa~ving his right to accelerate the indebtedness he~eby secured and to [oreclose the same, pay eithet before or afte~ delinque~cy any or all of those certain obli~ations required by the terms hereof to be paid by the Mortgagor for the protection oC ?he mortgage security or fot the col- lection of the indcbtedness he~eby secured. All sums so advanced or paid kY the !Nortgagee shall be charged into the mortgage account anJ become an integral part thereof, subject in sll respecls to the terms, conditions, and covznants of the a[oresaid promissory note. and this mortgage. as fully and to the same extent as though a part a[ the original indebtedness evidenced by said note artd secured by this mortgage. excepiing however. that said sums shail be repaid the hlortgagee forthwith upon its demand a~d be in addition to the cegular monthly install- ments provided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged propetty shall at all times. during the life oi tnis mu~igag~. ::.~~~o~:~ Y~~~~~~:~•"• ~f ~hr ~l~rroagee ~~d in event of the foreclosure o[ this mortgage oc other transier of title to the mottgaged property in extinguishment of the indebtedness secuted hereby, all ri6ht. title and interest of the Nuttgagor in and to any such abstracts of title shall pass to the Qurchaser or grantee. 4. To the extent of the indebtedness o[ the Mortgagor to the Mortgagee described herein or secured hereby. the !~iortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each and every mortgage, lien or othet incumbrance on the laqd desetibed herein which is paid and!or satis[ied. in whole w in part, out of the proceeds of the loan described herein or secured hereby, and the respective liens of said mortgages, liens or other incumbrances, shali be and the same and each ot them heteby is preserved and shall pass to and be held by the hlortgagee herein as security [ot the indebtedness to the Mortgagee herein described or hereby secured, to the same extent that it wouid have been preserved and would have been passed to and been held by the !1lortgagee had it been duly and regularly assigned, tcansferred, set over, and deliveted unto the Mott- gagee by separate deed of assignment, notwithstanding the fact that the same may be satis[ied and cancetled of record. it being the intention of the parties hereto that the same will be satisfied and cancelled of record by the holders thereoi at or about the timo of tht ~z:.ording of this mortgage. S. In the event the ownership of the mortgaged premises. or any part theteof. becomes vested in a person other than the Mortgagor, the Mortgagee may, without notice to the Moctgagor. deal with such successor or suc- cessors in interest K~ith 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 lisbility hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the Mortgagee. and no ez- i tension of the time [or the payment of the debt hereby secured Eiven by the Mortgagee shall operate to release. ~ discharge, modi[y. change or affect the original liability of the Mortgagot herein either in whole or in patt. 6. The lien of this deed secures and shall continue to secure payment of said indebtedness ot indebted- ; ness. however evidenced. whether by said pcomissory note or any renewal or extension thereof or substitute there- ~ for. or othetwise. until all such indebtedness shall have been fully paid. " 7. In the evenr the mo.~gagors sell, convey or transjer the moitgaged preinises during the IiJe oJ this ~nort- gage, then this mortgoge shall, at the option oj the Afortgage~ herein, beco~ne immediatety due and payable jor the Jull sum oj the prirtcipa! balance und interest then due. . 8. The tertns "Mottgagor" and "Mottgagee" whenever used in this instrument shail include the heirs, pasonal representativ~s, successors and assigns o[ the respective patties hereto. Wherever used the singular ~ number shall include the plural and the plural the singular. and the use of any gender shall include all genders. ~ Sig d. seale nd ~ er in presence of: , p (Seai) ftlEO N~ C~RDED ~Seal) ~ i u . - RGi~R i'?':TRAS ~ -t.s~c~ • CIELk 4.~ t•JlT COI:RT REC49i: VF~ =;~i ~ STATE OF FLORIDA I SS JUL ~O i o6 PN ~7~ ~ COUNTY OF ~~C ; `~L ST ~e orerole personally appeared ~ ~ :1 BERNICE M. CARTER an unmarried woman, ~ to me well known and known to me to be the individuals described in and who executed the foregoin6 insuument. and acknowledged before me that they executed the same for the purposes therein expressed. WiTNESS my han ~ and official seal in the County and State last aforesaid this 20th Day of July, 1974 ,`~~.:I{',:fr;.. ~ ' " . ~ - _ ` ~f~ ~ ~ i . Y+' ` : % ~ ~ly Commission Expires: June 30 ~ 1975 Notary Public. State of Florids _a~-f' a= = - ! _i - * ~ j ~ / _ . .~l},y.~y - ~s~~~.~ . - ~ : BOOK ~O PAGE 911J ~ ~ _ _ - - _ ~ ~~e _ _ _ , m~~