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Home My WebLink About0106 ~ . M ~ 1 Our F11e 5-31,087 th~s awr~~s~e ix o~he~ transter of ~itle tu the ewrtia{ed poper~Y in eitu?awshmeat o~ ~be ~~debte6ness secured hereby. sll n~h~, u~ls and ~n~erss~ o( tAe ~kx~~+~w in and to any ~eaur~nce polieiea tAea in torco ahsll p~ss to ~he purch~ser a Vsn~ee. (h1 To Pertam. c w~?Ply ~i1A ~od a0~de by e~cA sud everY atlpulations. ~areesents. eoad~lions and covenanls ~n said proai?saaY ` uo~e ~nd in tA~a deed se~ (ath. ~ (~ttecn days next a(ts~ (il TUat it any of a~id suss oI isoueY he~eia re(erted to be aol ~aeptlY and (u11Y Nid ~:tAie the a~me ssver~llY ~c~+es due ~od paYable. a if escA and sve~y ~he stipul~t~oas. ~~rse~eets, cond~lions and coveeants o( sad ptaw~s- aorr note ~ed tAis deed. a e~ther. ua no~ ~~ilr pe~tased, casplied ~ritA aad abided sy. the aa~d akrepte suw wenua?ed ~n ssid . prowisso~y aote sA~ll peeose due snd oaYsble (ortA~itA a ~~ereafter at tbs optia~ o[ the MatN~ee ~s (ully ~nd cosOletelY as if the said ~atret~~e su~ ot s~id praniusay aote ~as a~~iaa11Y stipul~ted to bs psid on sucA d~y. aaytAin~ is a~id otasisso~Y aote o~ he~cin to the eonlrary not~itAstsndie?~. (j ) TAat m ader to accelet~te tAe na~ur?ty ot tAe i~debtedaess I+eresy securod. becawe of the ta~lure of the L1o~lsa~or to paY ~ny ~ax. - aase~sment. li~bility. obl~a~ion a encum~ance upon s~~d prapertY. as Aerein proYided. it shaU not be.aecessa~Y a reQu~site ~hat the a~w~atee s!?dl (~n~ oaY ~e ssse. 2. The Mort~a`ee may. at his option, and without waivina his ~i~ht to ncceletate the indebtedness heteby secured and to foreclose the same, pay either before ot a[ter delinquency any o~ all of those certain obli=ations required by the terms hereof to be paid by the Mott=a=ot for the protection of the mart=a`e security or for the col- lection of the indebtedness ~he~eby secured. All sums so advanced or paid by the Mortaagee shall be charsed into the mortga~e account ancf become an intesral part lhereo[. subject in all respects to the terms.-conditions. and covenants ot-the aforesaid promissocy note, and this mortfase, as fully and to the same extent as thou~h a put o[ the oridinal indebtednesa evidenced by said note and aecured by this mortssae. exceptint however, that said swns shall be repaid the Mort~a~ee forthwith upon its demand, and be in addition to the regular monthly i~stall- ~ ments pmvided by the ~aottsate note. 3. That the abstract or absuacts o[ title coverins the mort~aged property shall at all times. during the life of this mortgage, remain in possession of the Mortgaaee and in event of the foreclosure of this morteage or other transfer of title to the mortaaged property in extineuishment of the indebtedness secured hereby, all ti~ht. title. and interest of the Murtsagor in and to any such absuacts of titla shall pass to thc purchaser or erantee. 4. To the extent of the indebtedness of the Mortpgor to the Mottga~ee described herein or secwed hereby, the Mortgagee is hereby subrogated to the lien or liens and to the rights o[ the owners and holdecs thereof of eaeh and every mortgage, lien ot other incumbrance on the land described herein wbich is paid and/or satisC~ed,, in . whole or in pan, out of the proceeds of the loan described.l~erein ot secured hereby, aad !he respective liens oI said mort~ages, liens or ot6er incwnbrances. shall be and the same and each of them hereby is pnserved aad ah~ll pass to and be held by the Matsagee herein as security for the indebt~dnass to ihe Moctsagee herein described or hereby secured. to the same extent that it wonld have been pteaerved and wonld have been passed to and been held by the Mo~tgagee had it been duly and regularly assigaed, tr~nsfened, set over. a~d delivered aato the Mort- gagee by separate deed of assignment. notwithstanding the fact that the ssme may be satisfied and-cancelled of recocd. it being the intention of the parties hereto that the same will be satisfied and caacelled of record by the holders thereo[_ at or about the time of the tecordin6 of this mortaaae. S. In the event the ownership o! the mottsa6ed premises, a any put thereoi. becomes vested in a pcrson other than the Mortga6or. the tilortsagee may~ witi~out notice to the Mortgasor, deal with such suc'cessor or suc- cessors in interest with reference to this deed and the dEbt hereby secured, in the same mannet as with the Mort- gaaor without in any way vitiatins or dischargina the [4fott6adoc's liability heteunder or upon the debt hcreby secured. No sale of the premises hereby mortgaged and no forbeuance or. the pact of ihe Mortaaaee, and no ea- tension_of the time for the payment of the dcbt heteby secured given by the Monaagee shaft operate to release. discharge, modify, chan`e a affect the ori`inal liability o[ the kbrtgasot herein either in whole or in part. i 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- ' ness, howaver evidenced. whether by said promissory note or any reaewal or extenaion t6ereof ar subatituCe there- ~ for. or otherwise. until a11 such indebtedness shall have bsen fully paid. ~ 7. /n the event the morlgagors stll, convcy oi transJer the n~ortgaged pre~nises during the liJe oj this ~no?t- gage, then this mortgage shQll, at the option oj the Mortgagee hcrein, becon~e iminediately due and paya6le jor the Jutl sum oj the principal balance cnd enterest then due. . - _ _ 8. The terms "Mortaasoi ' and "Moct6agee" whenever used in this instrument shal[ include the heirs. pasonal representatives, successors and assisns oi the respective parties hereto. Wherever used the sinsular number shall include the plural and the plural the sinaular. and the use of any gender shall include all genders. Signed ealed a ere n presence of: (Seaq , (Seap tJ • - ~ _ STATE OF FLORIDA couN~rv o~ SS - gpg~, his wife ST ~i.UCIE TR.OY R. HORNE and LAVERNE A. ~ ' ~e ore me personally appeared formerl~ known as ~~E A• BR~Y wx to me well known and known to me to be the itdivi uals deacribed in smd wfio executed the Fore~oin6 ~nstrum~nt. . ~ and acknowledged betore me that they executed the same for the purposes therein expressed. WITNE my hand and officiai seal in the County and S1ate last afocesaid this 3ti1 DSy of September, 197~ ~ : , ~ - _ y:_ p~~''~,, , ~ Florida t ~ ~ Wy Commission Expires: Jurie 30~ 1975 Notary Public, State of , ~r : ~ ;t 'i++~~,; ~ ~ (t6~ ~~E1J~ : : . W ; LE~ pN ?s ~ 4~ " ~ 'f ~ ~ ~l . ~Vp~~A 4~~`aCO~R~ ~ ' e ~f'_ . r~@;s ' • ~p Cl~~y~9 _ .,~~,a• d ~ g ER'~ LF~E • c~ o ~ER ,1a ~•,,b - a'~ . RE~~A ~ 1'Q~ 0 R ~ ~ ~t ~oo~ ~ ~ ~ ~ . _ ~ ~ ~ , ~ X ~ .~.~~~-~~:~,-x.:~_v~~_ ~ .s_,_ _ . , z