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Home My WebLink About2184 ' Our File 5-30,584 ~A~. ~nu~~~~Kv ~w ~~tht~ tunsle~ o( ulle lu ~he mun~~~ed poperty m e?un~u~ahmenl 01 the ~ndebtedness secwad Aereb), all n~ht, htlt and rniere:~ the \1ou~ajo~ ~n ~nd to ae) ~nawame pul~c~es ~hen ~n lorce shsll pass to Ihe pwch~se~ or ~ramet. Ih? Tu peri~um. complY +~~~h and sb~de escA snd eve~Y the supul~uons. s~recments. cood~uon~ and coven~ntx ~n a~~d prwr.~s~ury n.•~e ~nd ~n th~. deed .e~ f~,rt~. ? That any ~~i .a~d suen~ ot m.•nr) ~creie rcferrcd to Ae not prompUy and (ully pa~d ruh~n fdtem ~aY~ ne~t ahe~ ~he same .e•e~ally becaees due and psYable.ur eacA and every the supulauoos, a~trementc, c~n.l~uoes •nd covenan~c of .a~d prom~s. awv note and thu deed, or euher, are not lully pe~tormed, cwepl~ed W~eh and ab~ded sY, ~ht va~d a~i~e~a~e ~wn menuoned in sud ~,.m~.~u~~ nute sh~li becanr dur an.1 pa)abic forth~a~th .v therea(ter at the opuon o( the ~Iwt~r~ee as fu11Y i~d comple~elY as tAe .aid rK~re~tate .um ot sa~d prom~«o~Y note wss anE~nally supulated to be paid on suth daY. anyth~n~ m ss~d prom~ssory note or herc~n ~he ,an~re~> nor•i~hsundmE. 1~ ~ Tha~ ~n ~.rder ~a accelerste tht mawn~y ot ihe ~nlebtedness hereby secured, Aetause o( ~he f~~lure of the Mo~ita~ur pay any ~a~, ,,c.c..mrol, h~Mluy. ob~~taiio~ ~`r enrumDrance upw~ said proper~y, as here~n prorided, u sAall not be neces.ary a reQws~u that tAe m,~~~R,~gec chaU fuct pay Ihe samt. ' Thr ~lortgagee may, at his option. and without waiving his ri~ht to accelecate the indebtedness hereby a«ureJ aoJ to foreclose the same, pay either before or after delinquency any or all of those cectain obligations requ~red by the terms hereof to be paid by the \lortgagor f~r the pratection of the mc~rtga6e security or fot the col- le~tio~ of the ~ndebtednecs fiereby secured. All sums so advanced or paid by the Mortga~ee shall be charged into thr m~~rtgage accoun~ anJ become an integral part thereof. subject in all respects to the terms. conditions, and c~~vrnants of the aforesaid pn?missaty note, and this mottgage. as fully and to the same extent as though a part u[ ihe original indebtedness evidenced by said note and secured by this mortgage. excepting howevet, that said sumc .hall be repa~d the \~ortgagee forthwith upon its demand and be in addition to the regular monthly install- ments provided by the mortgage note. 3. That the abstract ar abstracts of title covering the mottgaged property shall at all times, during the li[e .~t th~~ mongagc, rcmain in {~as~e+sion cif tn~ ~i~rtgagee and in e~ent of tht fortclosurr of this m~?rtgage or ~the~ tran~fer o! title to the mortgaged propetty in extinguishment o[ the indebtedaess secuted hereby. all right, title and mterest of the \lortgagor in and to any such absuacts af title shall pass to the puichaser oc grantee. To the extent of the ~ndebtedness ot the Mortgagor to the Mortgagee described herein or secured hereby. the \tortgagee is hereby subrogated to the lien or liens and to the rights ot the owners and holders thereof of each and ever~ mortgage, lien or ott?er 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 or secured heceby. and the tespective 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 he held by the ~lortgagee herein as secutity fot the indebtedness to ihe Mortaagee herein desc~ibed or hereb~• secured, to the same cxtent that it woutd have been pteserved and would have been passed to and bten held b~~ the ~Mrtgaaee had it been duly and regularly assigned. transtened, set over, and deliveted unto the Mort- gagee b~ separate deed of assignment, notwithstanding the [act that the same may be satisfied and cancelled of record, it be~ng the intention of the parties hereto that the same will be satisfied and cancelled of record by the h~~lders thereof at or about the time of the recordins of this mortgage. 5. In the event the ownership of the mortgaged ptemises, or any part thereof. becomes vested in a person ~ other than the \lortgagor, the ~lortgagee may, witnout nuiice io ine ~origagcit. uaa~ w~~~~ ~u~~~ 3:::.ccss:,.' s:::.= cessors in interest M~ith reterence to this deed and the debt heteby secured. in the same manner as with the A1ort- gagor W~thout in am• w~ay vitiating or discharging the Alortgagor's liability heceunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no fabearance on the part ot the Mortgagee, and no ex- tension of the time fur the payment of the debt hereby secuted ~ive~ by the Mortgagee shall operate to release. discharge, mc~dif}, change or affect the original liability of the Mortgagor herein either in whole or in part. 6. The lien af this deed secures and shall continue to secure payment of said indebtedness or indebted- i~ ness, however evidenced, w•hether by said promissory note or any tenewal or extension thereof or substitute there- for, or otherw~se, until all such indebtedness shall have been fully paid. ~ 7. !n rhe c~•ent the rrrortgogors sell, convey or transjer the mortgaged premises during the lije oj this neort- i KaRe. then this ?nortgage shall, a~ the option oj the 1lortgagee herein, becorrse imn?edietely due and payable Jor the ! Jul! sum oJ the p?incipal balance and interest then due. 4 8. The tem~s "Mortgagor" and "Mortgagee" whenevet used in this instrument shall include tht e~ts, personal representatives, successors and assigns of the tespective patties hereto. Whetever used the singular _ number shall include the plural and the plural the singular. and the use ot any gender shall include all genders. ~ Signe~ sea and delivyre~ ~'the presence of: ~ (Seap ~ . :f ~j ~_~G~-,~~s fSeal) ; ~ STATE OF FLORIDA I s~,,,- COUNTY OF ~X~B ST. Li#C~ GEORGE S. WELLING and JANE D. WELLING, his wife ~ Before me personally appeared ~ to me well known and known to me to be the individuals described in and who executed the foregoing instrument. ~G and acknowledged before me that they cxecuted the same for the purposes therein expressed. WITNESS my hand ~ ~ and ofiicial seal in the County and State last afotesaid this 27th day Of July, 1974. : - ; ~p~ ' ~ _ . ~ , :~,s o: ~~r ~ ,1 - June 30, 1975 ~ ~ ^ - - _ ~1y Commission Ezpires Notary Public, St te of Flori - ' E~ _ _ r ~ _ " - ` ~ ;r j. ~.L O ~ ~ ~s ; , f~~. 2~39Q81 ~ l S~iU~'t '~''h~bS ~ • ':d..~21'~~~`~` ; R~ ~c ~ , ; ~GURS 1 ~ ~«<~i,~ui~~'`~ f::_FP~ [ ~ : ~ , . , tC 32 ~K''~a o R ~ ~3 BOOK~,JU pACE~1~ ~ _ T , ~ ~ ~ - _ - - ; ~ ,.s - . . . . _ ~~ti~,.~„