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Home My WebLink About0543 ~ - Our file 5-3Q,721 th~a n~wtp~c ~r ..~hei uansfe~ u( htle ta ~hc mw~sa~cd p+ope~l~ ~n ei~m~u~.~+en~ u~ ~Ae ~ndebi~Jneca ~:iwed Rc?eby, •11 n~A~, t~tie ~rd ~mt~est oi ~Ae ~kyt~s~w ~n ~roi to anY ~nswance pol~c~ec thee ~n (ace ,h~ll pass to d~e putcASU~ w tr~e~ce. (A1 Ta pe~iM~u, •wep~Y W~~ ~^d ab~de by eacA and every ~~e }~~pulauons, atreeaeots, cond~~~un~ and covenants ~n c~~d prum~csory no~e aa1 ~n ie~. deeJ .e~ tath. tl snd [u11Y P~~d r~M~n hUeen Jays ne~~ atur ~ny of aa~d susx uf nwnry Aert~n ~ete~red lo be eot ptaep Y ~he same se~e~a11Y ~~~es Jue and paYable.~x st eaaA ar.d erttY tht si~pulauon5. a~reeieents. c~~ekf~~~on~ and covensnts of ssul pawu- sory ~?ote amt tMs dced, ~x tuher, are not fu11Y P«<a~d. ca~D~~cd +~th and ab~ded by, ?he .a~d aKircpte swe menuuned ~n sa~d pro~a~ssaY note sAall betome due aeW p~)'+~ble torth~~tA M therea(trr at lAe apt~oa o[ tAe 1fw~Es~ee as (oliy and comple~ely as ~f the sa~d si~re~ate Yus ot sa~d ptom~ccary nott ~ras ons~nallY s~~putated to be pa~d on such dav, aeytA~e~ ~n s~~d Oroas~ssory notc a here~n to Iht ~~~~~ry no~++~Aslae?dm~. • ) TAat in otder lo rccelerste t~e msturi~Y of the indebtedness Aereby cecueed, Decause ut t~e ta~lure ot ~Ae \tw~~a~w to paY ~~Y ~S~«~~,~~ ~~~b~~~~y~ o~~~~~uun nr rn.umb~ance upon said prope~ty, as here~n provided, shall not be neces~a~y a reQu~sue :hat U+e nwr~Rsree shall f~rct paY ~e same. The \brtgagee may, at his opticn. ~nd w~thout waiv~ng his ~ight to a~celerate the indebtedness hereby secured and t~~ foreclose the ~ame, pay either before oc after delinquency any or all oE those certaio ~bliaatio~s requiced by the le~ms hereof to be paid by the ~lortgagot for the protection of the mc~rtgage secutity oc [or the col- lection of the indebtedness hereby secured:' All sums so advanced or paid b~ the ilortgagee shail be char~ed into the mortgage account aod become an integral part thereof, subject in all respects to the terms, conditions, and covenants uf thz aforesaid pr~xnissory note. and this mortgage. as fu[ly and to the sanee extent as thouEl~ a part of the original indebtedness evidenced by said note and secured by this mortgage, e~ccepting however, that said ~ sums shall be repaid the Mortgagee forthwith upon its d~mand and be in addition to the regutar monthty install- ments pcovided by the matgage nose. 3. That the abstract or abstracts of title covering the nartgaged property shall at all times, during the life of this mortgage, remain in possession o( the ~lortgagee and in event o[ the fareclosure of this mortgage or other trans~er of title to the mortgaged propetty in extinguishment o[ the indebtedness secured hereby. all right, title and interest of the ~lottgagor in and to arty such abstracts oC title shall pass to the purchaser or grantee. 4. To the extent of the iadebtedness of the Mortgagor to the !1lortgagee described herein or secured hereby. tht ~lortgagee is hereby subrogated to the lien or liens and to the cights of the owners a~d holders thereof of each and every mo~tgage, lien or othec incwnbrance on the land described herein which is paid ar:.i!or satisCied, in whola or in part, out of the proceecis of the loan described herein or secured hereby. and the respective liens of said mortgages, liens or other incumbrances, shall be a~d the same and each of them hereby is preseryed and shall pass to and ~ held by the Nbrtgagee herein as security for the indebtedness to the Mortgagse herein desccebed . or hereby secured, to the same eatcnt that it would have been preserved and wouid have hecn passed to and been he!d by the ~Mrtgagee had it been duly and re6ularly assigned. transferred, 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 recor~. it being the intention of the parties hereto that the same will be satisfied and cancelled of record by the holders thereof at or about the time of the recordin6 of this mortgage. S. In the event the ownership of the mortgaged premises, or any part thereof. becomes vested in a person other than th~ ~lortgag~r, the ~lortgagee may, without notice to the Mortgagor. deal with such successor or suc- cessors in interest N~ith reference to this deed and the debt nereby secuced. in the same manner as with the \lott- gagor without in any Nay vitiating or discharging the hlottgagot's liability hereundsr or upon the debt hereby secured. No sale of the Qremises hereby mortgaaed and no [orbearance on the part of the Mortgagee. and no ex- tension of the time for the payment of the debt hereby secured given by the ~lortgagee shall operate to release. ~I discharge. modify. change or affect the original liability of the AAortgagor herein either in whole or in patt. ~ 6. The lien uC 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, ~ntil all such indebtrdness shall have been fuily paid. 7. /n the e~•ent the mortgagors setl, convey or transjer the mortgaged premises during the lije oj this mort- Rage, then this ~r.ortguge shall, at the option oj the AlortRagee herein. 6eco~ne inunediate/y due nnd paya6le Jor the ju/! swn oj the principal twlance ond interest chen due. 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, pasonal representatives, successocs and assigns of the resp~ctive parties I~ereto. Wherever used the singular number shall inclode the plural and the plural t6e singular, and the use of any gender shail include all genders. _ ; ~ ' . Si ed. sa a de vered che presence o~: ~ ~ ' -~iSeaq - (~eal) ; ~a ' ~ - : e-ret, • > t t_.r~t_./ £ : ~ STATE OF FLORIDA I _ _ COUNTY OF~ ~ ~5 ~ ~ ST•Be ore me~personally appeared RUFUS J. CLIFFIN and IACONIA J.. CLIFFIN~ his wife~ ~ to me v?e11 knowr and known to me to be the individuals described in and who executed the foregoing instrument. and acknowtedged beiore me that they executed the same [ar the r~.poses therein expressed. WITNESS my hand ~ and official seal in the County and State last afcxesaid this 15th DS31 of August, 1974 ? _ : - - ".y ~ly Commission Expires: June 3O, 197~ Notary Public, Statc nf Florida _ _ - ~ • `I_ : ~i;'j ' ' " '•~'ir~`~ i F~ 543 ~ . . - _ - ~ ' _ - ~ ~ r. _ ~ : : _ . _ . _ _ _ . s.