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Home My WebLink About2578 f i ~ ~ Our File 5-31,040 ~h~s mw~~a~e .r a~her uaoste~ of Utle w ~he mo~~~a~ed prope~ty ~a c?un~uuMnenl u1 tAe indebtedness aecu~ed heteby, ~11 n~ht, utle snd ~n~e~e~t u( cAe Akri~s~~x ~o a~d ~o any ~nswance polic~es ~Aen ~n (otct sh~ll pasa tn the purcAaser or ~~an~ee. (A) To peefan+. u~mply ~r~th aed ae~de Sy esch and every the ~~~pul~~~ons. a~rcements. cond~hons and covensn~s ~n sa~d prwn~sswy rtoie and in tA~~ Jeed .e~ (ath. (i1 That aey of aa~d aua~x of mwiey here~n ~e(ettrd to bt not promptiY and (u11Y V~id ~~th~n httoen daYs ne:~ a(ter the sams seve~ally becanes due and psYaAle, a ~f tacA and every lhe supulat~ons. ~~reemeets, cond~tions and covenants o( ss~d prom~a- . swy no~e and th~s deed. o~ tither, ue not fully pertamed. caspiied W~th snd abided by, ~Ae aa~d aure{aie sum maeuoned ~e said pon~~ssay oote sh~ll becast due anA psY+ble tathr~tA o~ thereafter •t tAe option ot the Nortts~ee as fully and coa~ple~elY ~s if the aaid as~tt{~le sw o( sa~d praui~eso~Y nate r~s or~~~nally supulated 1o be psid on such d~Y. anythlns ~o s~~d ptan~sswy note or Aere~n to tAe cmtrary eot+~~Astandio~. ) Thae ~n ordcr lo acceler~tt the matunty o! tAe indebtedness hereby'secaed, because o( t~e (ailure o( the Mw~ta~w ~o pay anY ~aa, asseaament, I~abilitY. ab~~i+tia^ <~~~~^~~nce upon sa~d prope~ty, as Aere~n provided, N sA~ll aot De necescary o~ reQu~si~e th~t thc matsatee shall fu.t pay the sae~e. 2. The 111ortgagee may, at his option. and without waiving his right to accelerate the indebtedness heteby secured and to [orecluse the same. pay eithe~ betore or after delinquency any or all of those certain obli6ations ~j required by the terms hereof to be paid by the Mottgagor fa~ the protection of the mortgage security or for the col- lection of the indobted~ess hereby secuted. All sums so advanced or paid by the Mortgaaee shall be char6ed into the mortgage account anJ became an integral part thereof. subject in all respects to the terms. conditions. and ~ covenants oi the afcxesaid promissory note, and this mottgage. us fuily and to the same extent as though a part o[ the original indebtedness evidenced by said note and secured by this mortgage. excepting however. that said sums shall be ropaid the Alortgagee forthwith upon its demand and be in addition to the regulat monthly install- ments provided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged property shall at all times. during the life of this mortgage, remain in possession of the I~lortgagee and in event of the foreclosute of this mortgage ot other transfet of titie to the mortgaged propetty in extinguishment o[ the indebtedness secured hereby. all right, title and interest of the ~4artgagor in and to any such abstracts of title shall pass to the purchaser or grantee. 4. To the extent of the indebtedaess of the Mottgagor to the Mortgaaee desctibed herein or secuted hereby. the Mortgagee is hereby subrogated to tfie lien or liens and to the rights of the owners and holders thereof of each and every mortgage, lien or othet incumbrance on the land describcd herein which is paid and!or satisCed. in whole or in part, out of the proceeds of the loan described herein or secuted hereby, and the respective liens o[ said mottgages, liens or other incumbrances, shall 5e and the same and each of them heceby is preserved and shall pass to and be held by the Mortga6ee herein as secutity for the indebtedness to the Mortgagee herein desccibed or hereby secured, to the same extent that it would have been preserved and would have been passed to and been held by the !11c~rt~agee had it been duly and regularly assigned. transfetred, set over, and delivered unto the Mort- gagee by separate deed of assig~ment. notwithstanding the fact that the same may be satisfied and cancelled of record, it being the intention of the patties hereto that the same will be satisfied a~d cancelled of record by the holders thereof at or about the time of the recording of this mottgage. S. ln the event the owntrship of the mottgaaed preFnises, ot any part thereot. becomes vested in a person other than the Rlortgagor, the \lortgagee may. without notice to the Mottgaaor, deal with such successor or sue- cessors in interest w~ith reference to this deed and the debt heceby secured, in the same manner as with the Mort- gaaor without in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hercby secured. No sale of the premises hereby mortgaged and no forbeacance on the pact of the Mortgagee, and no ex- tension of the time for the payment of the debt hereby secured given by the Mortgagee shal{ operate to release, discharge. modify. change or affect the ori6inal liability of the Mortgagor herein either in whole or in part. 6. The lien o( this deed secutes and shall continue to secure payment of said indebtedness ot indebted- ness, however evidenced. whether by said promissory note or any renewal or extension ther~of or substitute there- ~ for. or otherwise. until all such indebtedness shall have been [utly paid. 7. !n the event rhe mortgagors sell, convey or transJer the mortgaged p~emises during the lije of this mort- t gage. then this niortgage sha!!, at ~he option oj the Afortgagee herein,_6econ~e inunediately due and payable Jor the jult swn oj the principal balance and interest then due. _ 8. The tenns "Mortgagor" and "Mortgagee" whenevet used in this instrument shall include the heirs. personal representatives, successors and assigns of the respective pazties hereto. Wherev~r used the sin6ular number shall include the plural and the plural the singular. and the use of any gender shall include all genders. Si ed. seale i er in es e of: (Seal) LED ~M~ 01~1Nn ~u (SeaU ~ ~ C~ERK CiRCU1T GOURt Rf GOFO VE~ •f IED STATE OF FLORIDA I ~ 3z PN s~~ ~ SS 293446 COUNTY OF ST. LUC~ Before me personally appeared LILLIE RUTH EALY, Sn unmarried y~1omA~[l~ ~ to me well known and known to me to be the individuals desctibed in and who executed the foregoing insuument, 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 5th nay of Oetober, 1974 ~ ~ 1 r 1~1y Commission Expires: JuQe 3O, 1975 Notary Public, tate of Flotid fir'-~ ; z~?~.' ~ : -r: _ A ~,1- :;~z: _ - " :~`~~g :.y ~~~?b d ~~i a ''~Nrrrn~~ - 8ooK232 ~?~25~~ & ~ ~ ~{z ~ _.v x ~ ~ - - - - - - _ - - ~ = h :x ~ _ ~ . Y-.~. . ~ . ~ ~ a. ~.w N.._. . - ~ ~'~e.~ , .