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Home My WebLink About2766 ~ ~ . Our file 5-31,252 tA~s enotttaYe w o~hei uans(e~ o( uUe w ~ht mo~t~a~ed proper~y ~n eaunYu~shmtnt u~ Iht ~ndtbtednesa aecwrd Atttby, •li ~i~A~, htle and ~Merest ot tht [1Mt~N~w m+~d ~u +^Y ~nswaece polic~ea ?Aen ~n torce shsll pass to lAe purcAa?er or ~r~ncee. (A) To perfam, ~ump1Y W~th and ab~de by each ~nd eve~y lhe aupulat~ons, s~~eemeots, cood~t~ona snd covee~n~Y ~n s~~d pr:.~m~csory eote aud in ih~s derd se~ (orih. - (i ) Tha~ ?f any o( ~a~d sums ut awneY h«s~n rofetred to be not ptaep~ly and tu11Y ps~d M~~A~n hf~een dsys nea~ a(tu tAe ssme severslly becaaes due sod payasle,a if eacA and every the s~~put~~~oos, s~reeaen~s, coewi~~~ons and coven~nts o( s~~d prau~s- swy no~e and th~s deed. or e~iher, are no~ fully per(onned. comDlied W~th aod sb~ded by, ~Ae »~d au~e~a~e sum menua+ed m sa~d paaissory note sAall becaae due snd paYable fathW~iA or ~here~fter •t ihe op~ioa ot ~Ae Ma~~a~es as (ully and comple~ely as ~f the s~~d s«re~ate sws o( s~id promisaay note ~r~s a~~~nallY supul~ted to be pa~d on such d~y, anyth~~s ~n s~~d prom~ssoty ~ote or here~n to the conuary notri~hs~and~n~. ) Tlu~ ~q order to acetler~te the mstur~ty of the indebtedness Aeresy secured. bec~use o( the fa~lure ot tAe Mo~t~~~ot ~o pay any ~aa, assecs~nem, lu~~lity, oel~tat?on or encumDrsnce upon said proper~y, ss here~n povided, u shall no~ be neces~a~y a reQu~si~e thst thc mwt~aRee shall lust pay tAt same. 2. The Alottgagee may, at his option. and without waiving his right to accelerate the iodebtedness heteby secured and to forecluse the same, pay either befote o~ after delinquency any or all of those certain obligatio~s required by the terms hereof to be paid by the Mottgagot for the protection of the mortgage security or fot the col- lection of the indebtedness hereby secured: All sums so advanced or paid by the Mortgagee shall be charged into the mortgage account a~d become an inte6ral part theceof. subject in all respects to the tetms. conditions, and covenants of the afaresaid promissory note, and this mortgage. as fully and to the same extent as though a part of the ori~inal indebtedness evidenced by said ~ote and secured by this mortgage~ exceptina howevet. that said . sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regular monthly install- ments provided by the mortgage note. - 3. That the abstract or abstracts of title coverina the morigaged praperty shall at all times. during the life oi this mortgage. remain in possession of the Alortgagee and in event of the [oreclosure of this mortgaae or other transter o[ title to the mortgaged property in extinauishment o( the ir~debtedness secured hereby, all ri6ht. title and interest of the Muctgagor in and to a~y such abstracts ot title shall Qass to the purchaser or gtantee. ' 4. To the extent of the indebtedness of the Mortgaaor to the Mottaagee desctibed hetein or secured Mereby, the Alortgagee is hereby subrogated to the lien or liens and to the rights of the owners and-holders th~reof of each and every mortgage, lien or othet incumbrance on the land described herein which is paid a~d!or satisfied, in whole or in pact, out of the praceeds of the loan described herein or secuted hereby, and the respective liens of said mortgaaes, li~ns or other incumbrances, shall be and the same and each of them hereby is pteserved and shall pass to and be held by the Mortgagee herein as security for the indebtedness to the hlortgagee herein described or hereby secured, to the same extent that it would have been pteserved and would have been passed to and been hetd by the !1lortgagee had it been duly and regularly assigned, transferted, set over, and delivered unto the Mort- gagee by separate deed of assignment, notwithstandina the [act that the same may be satisfied and cancelled of ~ record. it being the ~ntention 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 ow~ership of the mortgaged preEnises. w any part thereof. becomes vested in a person other than the Nortgagor. the ~+tortgagee may. without notice to the Mortgagor. deal with such successor ot suc- cessors in interest with reference to this deed and the debt hereby secured, in the same manner as with the Mort- gasor without in any way vitiating ot dischat~ing the Muttsagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mort~aged and no forbeacance on the part of the Mort6agee, and no ex- tension o[ the time for the payment of the debt hereby secured given by the Mottgagee shall operate to release. discharge, modify, change or affect the original liability of the Mortgasor herein eith~r in whole or in part. 6. Tht lien ot this deed secures and shall continue to secure payment o[ said indebtedness or indebted- f ness. however evidenced. whether by said promissory note or any renewal or extension th~reof ot substitute there- for. or othetwise. until all such iredebtedness shall have been fully paid. ~ /n rhe event the n~ortgagors sell, convey or traresjer tht ?nortgaged pre~nises during the lije oj t/~is niort- S gage, ~hen this mortgage shall, ut the option oj the Afortgagee herein, 6econ~e inunediatefy due and payable Jor the jall swn of the principal balance ond enterest then due. . . 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, ~ pasonal representatives, successors and assigns of the respective parties htreto. Wherever used the singulst number shall include the plural and the plural the singular. and the use of any gender shall include all genders. . S ned. seal an liv red in e resence of: l (Seal) ,y J KECOf~DEO (Seal) ~ St. WC "';,1TA~S RO~~ ~ : y~~t COUR7 CIE~R ~ ,r- Rf~~ r;Y= , i:~ STATE OF FLORIDA u,~r 21 'O 47 ~M - COUNTY OF~ ss ~W ST .ge o eCmE ptrsonally appeared ROBERT LEE JONES ~ an unmarried man ~ ~ 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 eaecuted the same tor the purposes there~n espressed. WITNESS my hand and official seal in the County and State last aforesaid this 12th DSy of Oetober, 1974 T.:~.: ` ~„~~~~v,,,,;~:~r;; / _ . ~+1 Commission Ex iros: 1 Notar Public. State of F10 d8 8~` f`+~~.r~'_4 ' y p Tune 30, y ; = ~ ~~'z o ' " - ~`-C/~j " y~ O';; W ~ r _ ! ` ~`d!~ = . i ?4 :Y-;~ ;ON~~:~~: ~ . ~'~,~'.~~r~'~t:'~.,', / ` 600K PAGf ~764 a . ~ _ ~ ~ ~ n `-~n: 4 ~ m*"K tE'.r~ .A : _ "~+Y'.. ~~p~ ~ `~'-~.~."~~{z~ _x : . ~ ' . _ _a _ ~