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Home My WebLink About0118 • Our file 5-31,506 th~. mortra~e .r uthri uansir~ u( ~i~lr w ~he munY~~rd ptoper~~ m cat~nruuhmcm ut ~Ae ~ndebied~e~~ ~e~urrJ he~t~), ~11 nrht, t~~lc and ~mere.t o( ~Ae Mui~sa~~x ~n ~^d to any mswance polk~es iRen in torce shall psas ~o tAe purchasc~ ur ~r~n~ee. (A1 Tu prri.wm, ..xnp1Y w~tA and as~dt by each ~nd cve~y the s~~pulauons, a~reements, cond~uon~ •nd covenants ~n ~~~d prum~~suty note and ~n ~h~. decd .e~ (orih. ) TAat any uf .aid sums uf muney here~n re(errrd lo De not pranptly and (ully paid ~uh~o h(~een S~ys neR~ a(~c~ the ssine severally becomes Jue anA psY+s~~. w d each and everY 1he s~~pulat~ons, a~reemems, cund~Uons and covenan~s o( ss~d ptaa~s- say note an~1 th~s deed, or e?~her, are not (ully per[amed, caapl~ed W~iA and ab~ded ey, ~he .a~d aYSre~aie sum meni~oned ~n sa~d prom~ssory nute shaif become due an0 payable forthw~th a tAerea(te~ at the opuon ot the Nor~~a~ee as fully and complelely as ~f the said a~~re~ate sum of sa~J prom~scory oote ~r~s w~~~nalty supul~~ed to be paid on sucA dry, anyth~n~ ~n s~~d ptom~sso~y note or here~n to the contrary ootr~thstand~n~. V 1 That ~n order to accelerste the matur~~y of the ~ndebtedness Aereby secared, because o( tAe (a~lure o( ihe Mo~t~s~or ~o pay any u?, assessment, I~ab~luy, c~bl~~auon M encumbrance upon sa~d ptoperty, as hetein prov~ded, u shall no1 be necescary q requisne that tAe m~x~sa=ee shall hrc~ t.ay ~he +ame. 2. The ~lortgagee may, at his opt~on, and without waiving his right to accelerate the indebtedness hereby secured and t~~ foreclose the same, pay either before ot after delinquency any ot all af those cettain obligations required by the terms hereof to be paid by the ~lortgagor for the protection of the me~rtgage securiry or (or the col- lection of the indebtedness heteby secured. All sums so advanced or paid by the Mortgagee shall be chatged into the mortgage account anJ become an integral part thereof, subject in all respects to the terms, conditions, and covenants of tha afcxesaid promissory note, and this mortgage. as fully and to the same extent as though a part af the original indebtedness evidenced hy said note and secured by this mortgage, excepting however, that said sums shalt be repaid the Alortgagee forthwith upon its demand and be in addition to the regular monthly install- ments pcovided by the mortgage note. ~ 3. That the abstract ar abstracts of title covering the mortgaged property shall at all times. during the li[e o( this mortgage, remain in possession of the Alortgagee and in event of the foreclosure of this mortgage ot other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby. all right, title and interect of the ~lurtgagor in and to any such abstracts of title shall pass to the purchaser or grantee. 4. To the extent of the indebtedness of the Mortgagor to the Mortgagee described herein or secured heteby, the Mortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each a~d every mortgage, I~en or other incumbrance on the land dascribed herein which is paid and!or satisfied, in whole or in part, out of the praceeds of thc loan described herein or secured hereby, and the respective liens of said mortgages, liens or other incumbtances, shall be artd the same and each of them hereby is preserved and shall pass to and be held by the 4lortgagee herein as security fot the indebtedness to the Mortgagee herein desctibed or hereby secured, to the same extent that it would have been preserved and would have been passed to and been held by the ~tortgagee had it been duly and regularly assigned. transfened, 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 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. 5. In the event the ownership o( the mortgaged premises, or any part thereof. becomes vested in a person other than the ~lortgagor, the \lortgagee may, without notice to the Mortgagor. deal with such successor or suc- cessors in interest w•ith reference to this deed and the debt hereby secured. in the same manner as with the Mort- gagor without in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and ~o [orbearance 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 shall operate to release. discharge, mudify, change or affect the original liability of the Mortgagor herein either in whole ot in part. ' 6. The lien of 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, until all such indebtedness shall have been fully paid. i 7. /n the event the mortgagors sell, convey or trensjer the mortgaged premises during the lije oJ this mo~t- ~ qage, then this morrgage sha~l, at the option oj ~he Aforlgagee herein. become immediately due and payable /or the ~ Jull sum of the pr~ncipal 6alance and interest then due. ~ 8. The tem~s "Mortgagot" and "Mottgagee" whenever used in this instrument shall include the heits, ~ petsonal reptesentativ~a. successors and assigns of the respective parties hereto. Wherever used the singular ~ numbet shall include the plural and the plural the s~ngular, and the use of any gender shall include all gendtrs. ~ ~ Si ed, sealed d d ere in th resence of: ~ • (Seal) ~ ~ - ~ ~ ~Seap ~ ` ~ ~ , . ~ ~ STATE OF FLORIDA I ~ COUNTY OF~f3~X f ~S S~ LUCIE ~ efore me personally appeared BILLY DePRIEST and BONNIE DePRIEST, his wife ~ - to me well known and known to me to be the individuals described in and who executed the foregoing instrument, ~z and acknowledged before me that they executed the same for the purposes therein ezpressed. WITNESS my hand ~ and official seal in the County and State last aforesaid this 213t C~Sy of December, 1974 ~ ` t: ~ ~ ~1 -Commission Ex ires: June 30 1975 g Y P ~ Notary Pablic, StaK.a(~' ~ f^ e , -i ; oROfO ' .i~~+""'•„• ~ - Q = : _ - " - Ftl[~: '.~~JhiY ~ ~ : ~ ~ : p ~ i~*- ~ • n ~ $j. ~U`. `,TkAS ' ''-.b•~ F.G~' L,l: COU~ ~ : _ ~ CIE~•%. _ ~i~ ~I . as.# :1i rr.: ~7' I~ %'fij S.~ L O```~~ ~ T ~ 3` 2 ao Q!~'Z'~ o R~->>,,:,,,,,,., ~ ~r eoe~ ~5 r~t;t 1~.8 } ~ _ _ _ . . . - - - . rz _