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Home My WebLink About2173 . , Our File 5-30,589 ~ • th~~ mun~apc .w uthe~ uan~fr~ u( utle tu ihe mortsaYed ptope~ty m e~un~wshmeM a the ~nJebleJne~~ .e.wcd hc~en). ~11 n~ht. utlr ?nd ~n~ere.~ ut ~Ae Murt~a~w ~n and to any ~nswaece polic~es then ~e (wce sDall pass Io ~he purcha~cr or ~ran~ee. (h) Tu pcrlwm, cutnp~Y W~~A and ab~de Sy each sod eve~Y ~he sUpulauons, a~reements, cond~uon. +nd covenaets ~o ~a~d prumitisory ~ole and in ~h~. derd se1 (ortA. - I That aoy ot +a~d sumc u( muney hert~o reteued ta be nut ptomptlY a~d (ully pa~C ~~tA~n (~t~een Qays aeal stte~ the samt seve~ally becotets due and paYadle.a d eacA aad every tAe aupul~uons. ~sreements, cond~~~oes and corenants of sa~d p~anis- say note and th~s deed, or e~~her, sre ~ot fully pe~tonned, cou~D~ied w~th aed ab~ded bY. ?he +s~d a~re~a~e sum meet~ooed said praa~sswY nute shall became due and paY+sle (atAw~tA w thereatier st tAe opUon of tAe 1Awtta~et as tully and compleielY ~s ~f the sa~d a{~ret~~e sum ot sa~d pranicco~Y note ras wi~~na11Y supul~~ed to be pa~d oe such d~Y. anyth~n~ m sa~d p~om~ssoty note or here~n to ~he comrary not~ruhslsndmR. 1 That ~n order ~o accelerste ~he ma~un~y of ~fie indeptedness here~y secured, becaust ot the (a~lure of tAe [?1wt~a~or io pay any ~aa. as~ecsment, I~ab~l~ty. ob~~r+uws M rn~ua+brance upon sa~d proper~y, as herein provided, ~t shall not be neces~ary or reQu~s~le thst U+e mot~~atee shall fuct psY tAt ~ame. The ~lortgagee may, at his aption, and without waiving his right to accelerate the indebtedness hereby secured and to foreclose the same, pay either before or aiter delinquency any or all af those certain obligatio~s required by the terms hereof to be paid by the Mortgagor for the protection of the mortgage security or for the col- lecti~n of the indebtedness hereby secured. All sums so advanced or paid by the !Nortgagee shall be charged into the martgage account and become an_ integral part thereof. subject _in all respects to the terms. conditions, and covenants of th~ afaresaid prom~ssory note. and this mortgage. as fully and to the same extent as though a part .,t the originsl indebtedness evidenced by said note and secured by this mortgage, excepting however, that said sums shali be repaid the Alortgagee forthwith upon its demand and be in addition to the regular monthiy ~nstail- r~ents provided by the mortgage note. 3. That the abstrac~ or abstracts ot title covering the mortgaged propetty shall at ali times. durin~ the iiic of this mortgage, remain in possession of the Aloctgagee and in event of the foreclosure of this mortgage or other transfer o[ utle to the mortgaged property in extinguishment of the indebtedness secured hereby. all rigfit. title and interest of the ~1ortgagor in and to any such abstracts of title shall pass to the purchaser or grantee. 4. To the extent of the indebtedness of the Mortgagor to the Mottgagee described hecein or secured hereby. i the Alortgagee is hereby subrogated to the lien oc liens aod to the rights of the owners and holders thereof of each and every mortgage, lien or other incumbtance on the land describ~d herein which is paid and!ot satis[ied. 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 incumbrances, shall be and the same and each of them hereby is presetved and shall ; pass to and be held by the Mortgagee hercin as security for the indebtedness to the Mortgagee herein described ~ or hereby secured, to the same extent that it would have been preserved and would have been passed to and been held by th~ \lortgagee h~d'it-bs~o duly and regularly assigned, transfened, set over. and delivered unto the Mort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record. it be~ng the ~ntention of the parties hereto that the same will be satisfied and cancelled of record by the :~~:~tss Shtstof at ^i 3ti^~!l !h! !!me nf the recordin~ of this mortgage. S. In the event the ownership of the mprtgaged premises, or any part thereof, becomes vested in a person other than the !11ortgagor, the ~lortgagee may, without notice to the Mortgagor. deal with such successor or suc- cessors in interest w•ith refetence to this deed and the debt hereby secuted. in the same mannet as with the Mott- ` gagot without in any way vitiating or discharging the Mortgagot'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 no ex- ~ tension of the time for the payment of the debt hereby secured give~ by the A~ortgagee shall operate to release. ~ ` discharge. modify, change or affect the original liability of the Mortgagot herein either in whole or in part. 6. The lien of this deed secures and shall continue to secure payment o[ said indebtedness or indebted• ` " ness. however evidenced, whether by said promissory ~ote or any renewal or extension thereof or substitute there- ` j for. or otherwise, until all such indebtedness shall have been fully paid. ~ 7. /n 1he even~ the mor~gagors sell, convey or transJer the mortgaged premises during the lije oj this rnort- f RaRe, then this mortgoge shall, at the optiun oj the Atortgagee herein. become inen~ediately due and payoble jor the ~ full sum oJ the principal lwlance and inlerest then due. 8. The tecros "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs. personal representativ~~, successors and assigns of the respective parties hereto. Whetever used the singular number shall include the plural and the plural the singular. and the use of any gonder shall inclnde all genders. S' ned, sea a eliv in the presence of: ~ ~ ~r"O~`'~ (Seal) ' ~Seal) ~*c~ ~ st c_, , c. /C.~ ~ . ~ STATE OF FLORIDA I ~ ` COUNTY O~ j ss ~ ST . LU ~ Be(ore me personally appeated FRANKIE LOU NOBLE, an unmarried woman, ~ 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 (or the purposes there~n expressed. WITNESS my hand ~ ~ and off~cial seal in the County and State last afotesaid this ZOttl DSy Of .TUZS1, 1974 ~ ~ ~ ~ . ~ ~ ~ ~ ~ly Commission Expires: _ June 30. 1975 Notaty Public, State of Florida ~ :Y.EU~g o:. FILEn , :.~uRUEO _ 1^' ~ : s • Sj L~ r,.~ ;!IT~f ~L~• _ : , . J ~ ~ ~ ? ; v, , "F U 1RT ¢ ~~a /t,i y` 7,y ~ ~ . ~ ~ ~ . c ~ . s~~ y'::~'~ t~,~~`~ _ ~ ~ ~ 13 g 49 ~ 0 R PAGE~1~~ eaeK~~ - . . _ - _ ~ - _ : __.~_..a~