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Home My WebLink About0109 ' Our Fi1e 5-31,088 ~h~x mw~ss~e .x u~her uanx(e~ o( ulle W tAe ear~~sied poper~y m eat~nsu~shmeni oi the ~ndebtedncss secwsd huesy, aU t~tAt. 1~11e and ~nterest o( ~Ae A1rnt~a~ur ~n and to any ~naw~~e polic~ea ~hen ~n (orce sh~ll pass to ths purch~aer a~rantee. (h) To perfam, cwnplY r~tA and •b~de by e~cA and every tAe at~pulatioos, ~jreeweau, cond~hons aad, coveo~n~a in s~~d prwn~sswy note and in th~s deed sei (orth. (i) TA~~ if any of said suws ot e~oney hereia reforted to be oot prusptlY fullY paid r~~h~n fitleeo days neal aher tAe same sever~liy becase~ dae snd p+yasle.or if eacA and eve~y the stipul~t~ons. ~peeaients, co~d~tioes and tovenanls of a~~d pow~s• say eote snd ~his deed. a c~thcr. ~re not tully pe~formed. complied rritA and abided sy. the ~~id skre~~~e swe menuoned ~a ssid proeissorY eote shall beeooe due and psYabie fo~tA~itA or thercaftet at the aption ot the Mart~~~ee as fully and co~plelely as @f tAe s~id a~~ret~te su~ of sa~d ptaniaaay eote vras «~~?nailY atipul~ted lo be p~id m sucd d~Y. aaythm~ in s~id ptanisso~y note ot bcrein to the coMnry notviths~andin{. (j ) TAat ~a wder to accelerate the o?atun~Y ot the indeb~ednesi Aereby a~Eured. becaust ot ~he ta~lu~e ot the Mat~a~a to p~y anY taa. sssessment, liab~li~y, apli~atiae cK encwebrance upon s~id proper~y, ~s herem provided~ it shall not Se aeces~ary a ~eQuisite that the mat~~~ee shall fi~st pay tke saae. 2. The !~lortgagee may, at his option. and without waiving his ri~ht to accele~ate the indebtedness hereby secured and tu foreclose 1he same, pay either before ot efter delinquency any or all of those certain oblisations required by the terms hereof to be paid by tht Mottgaaor far the protection of the mortgage security or fot tAe coi- lec~ion of the indebtedness hereby secured. All sums so advanced or paid by the Mort~agee shall be char6ed into the rtwrtaage account a~d become an inte~ral part thereof. subject in all respects to the terms. conditions. and covenants of the afaresaid promissory note, and this mottgage, aa fully and to the same extent as though a patt of the original indebtedness ev+denced by said ~ote and secuced by thia mort~age. exceptina however. that said sums shall be repaid the Mortgagee fotthwith upon its demaad and be in addition to the regulat monthly install- ments provided by the mQrt~age note. ~ 3. That the abstnct or abstracts of title coverina the mortgaged property shall at-all times. durin` the life of this mortgage, remain in possession of the Mortgagee and in event of the foreclosure of this mort6ase or other ~ trans~er of title to the mortgaged property in eatintuishment of the indebtedness secared hereby. sil right. title and interost of the Nurtgagor in and- to any such abstracts of title shall pass to the purchaset or grantae. 4. To the estent of the indebtedness of the Mortfaaor to the Mortga`ee described herein or secured hereby, the Mortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders lhereof of each and every mortgage, lien or other incumbtance on the. land described herein which is paid and/or satisGed, in whole or in part, out of the proceeds of th~ loan describad herein or secured hereby, and the tespective liens ot said mortgages. liens or othet incumbrances. shall be and the samt and each of them hereby is preserved :nd shall pass to and be held by the Mortgagee hereirt~as secutity fot the indebtedness to`-the 1lhortgagee herein described oi hereby secured, to the same extent that it would have been preserved and would hare been passed to and been held by the \lortgaaee hsd it been duly and regularly assigned. t~ansferred, set over, and delivered uato th~ Moct- gagee by separate deed of assignmeot. notwithstanding the fact that the same may be satisfied and caacelled of record, it being the intention of the partiea hereto that the same will be satis~ed and cancelled of record by du holders thereof at or about the time of the recotdins ot this mortgage. . S. In thc event the ownetsbip o[ thc mortsaaed premises, or any- part. thereof, becomes vested ia a person other than the Mortgasor. the Mortgagee may, without notice to the Mortgagar, deal with such successor or suc- cessws in interest with reference to ihis deed and the debt hereby secured, in the same manner as with the Mort- gagor without in any way vitiating or discharsina the Mortsagor's liability hereunder or upon the debt hereby , secured. No sale of ~he ptemises hereby mortgased and no fotbearance on the psrt of the Mottgagee, and no ex- ~ tension o[ the time for the payment of the debt hereby secured given by the Mort6agee shall operat~ to release, discharge, modify, chaase or affect the orisinal liability of the Mortgagor herein eithet in whole or in part. 6. The lien of this deed -secutes and shall continue to secure payment of said indebtedness or indebted- i ness, however evidenced, whethet by said prmr?issoty note ot any renewal or extension thereof or substitute there- ~ for, or othetwise, until aU such indebtedness shall have been fully Qaid. , ~ 7. /n the even~ the mortgagors sell, convey or transje~ the mortgaged prernises during the lije oJ this Rtort- ° gage, tJi~n this mortgagt shall, at the option oj the Mortgagee herein~ become i?ninediately due and payable Jor the jult sua oJ the principu! 6alance aed inte~est then dae. _ ' 8. The tenns "Mongagor" and "Mottgagee" whenever used in this instcument shall include the heirs, personal representatives, 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 gendet shall include all genders. _ r : S~ ned. se 1' d in the presence of: G ~ (Seaq ~ (Seal) ~J STATE OF FLORIDA ~ COUNTY OF~C ss S~. LUCIE ~LIE REEVES, JR. and SHIRLEY.REEVES his wife efort me personally appeared ~ ~ - to me well knovm and known to me to be tbe individuals desctibod in and who executed the foregoing insuument, ~ and acknowledged before me that they eaecuted the same for tfie purposes therein exptessed. WITNESS my handf and ofticial seaf in the County and State last aforesaid this 29th DSy of August, 1974 • . _ _ - ,`~~~NH,~f N{I~. ,I'r" ~ ~ - . ~ - - Hy Commission Ea ~ June 30 1975 State of Florid~~ Notary Publi , a{~L1~iCfE COUM?~~~U• v ~i,- '`~:.C° ; ~ _ . itOCER P~it COUItt _ '-''s`~~-. ~ +3 ~s`~ CIERR C1RCU , t~~ti% f,~~M~~. - ie ' q~ , RECORO ~EAIFIEO•••~'~ za . ~~s~~ ~j 2~ 3 3o PM' . . 293846 . r~ ~ ` : ~ 's .f-P - r ~ ~ ~ c ~ ~-^-~s'~° ~'~~.5~ .1`;-~.`s. --~`t- . - . . ~~~3 y