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Home My WebLink About0849 Our file 5-31,677 tAi. mo~~~a~er ~ti utAr~ tnnsle~ o( ~µle lu ~Ae mo~tsa~ed ptoperty ~n eiunYuuhment ut tAe ~nJe~~edne» .e.~~ra nercny. ~II n~Rt. ~~tle and m~erex~ of ~Ae Nw~~a~w ~n ~nd to anY snw~ance pol~c~es then ~n twce sA~ll psss to ~he pu~cA~ser o~ ~un~en j (h1 To pttlwm, caNnply w~tA •nd ab~dt by each and evety the c~~pulal~ons, a~reements, cond~hcx~+ and cnvenams in sa~d pwm~uury ~ nae and ~o ~h~. decd .et (orth. 1 TAat sny of sa~d sums u( moneY hert~n retetrcd to be oot prwnp~ly and (uliy pa~d ~~~hi~ f~f~een Qays nea~ af~er the same sevenlly becomes due and paya~le,a ~t esch and every Me supulauons. a~teements, c~.ndu~ons and covcnanls ot sa~d prom~s- say oote and tA~a deed, or e~~he~, are not (ully perfamed, complud W~tA and apidea e~•, the .a~d at~resate sum ment~ooed m ss~d ~ promisswy note sAali becane due and paysble tortA~r~th or therea(ter a1 the opUOn of the No~l~asec as (ully and completcly as ~f the ~ ca~d aj`re~ate ~um o( sa~d promiccwy eote w~s or~~~nalty st~pula~ed to be pa~d on such dry, anytA~n~ m ss~d prom~ssory note or here~n i to ~he contrary no~~~~hstand~n~. ` i V 1 Tha~ m ordu to accelerate tht matunty o( thc indebtedness Aereby secwcd, because ol tho (a~lure ot the Na~~a~w ~o paY any ia~, •s.ecsment, Iub~luy, oblisauon or rncumbrsnce upon s~~d p~operty, as Aereio prov~ded, shall not be necessary a teQuisue that tAe mori~a~ee shall f~rs~ pay the same. 2. The ~tortgagee may, at his option. and without waiving his right to accelerate the indebtedness hereby secured arxi to forecluse the ~ame, pay either before or after delinquency any or all of those certain obligations rcquired by the terms hereof to be paid by the Mortgagor for the protection of the mortgage security or for the col- lection of the indebtedness hereby secuted. All sums so advanced or paid by the Marigagee shall be chatged i~to ' F the mortgage account anJ become an integral part thereof, subject in all respects to the terms. cor~ditio~s, and t covenants oG the aforesaid promissory note, and this mortgage~ as fully and to the same extent as though a part ~ af the original indebtedness evidenced by said note and secured by this mortgage. excepting however. that said . sums shall be repaid the Alortgagee forthwith upon its demand a~d be in addition to the regutar monthly install- ments provided by the mortEage note. 3. That the abstract or abstracts of title covering the mortgaged property shall at all times. during the life of this martgage, remain in possession of the t~lortgagee and in event of the toreclosure of this mortgage or other g transfer of title to the mortgageJ property in extinguishment of the indebtedness secured hereby. all right, title ~ aad interest of the `lortgagor in and to any such abstracts of title shali pass to the purchaser or grantee. ~ 4. To the eztent of the indebtedness of the Mortgagor to the Mortgagee described herein or secured hereby, the ~tortgagee is hereby subrogated to the lien or liens and to the rights of the own~ts and hoiders thereof of each and every mortgage, lien or other incumbrance on the land described herein which is paid and!or satisfied. in f whole or in part, out of the proceeds of the loan described herein or secured hereby. and the respective liens of j said mortgages, liens ot other incumbrances, shall be and the same and each ot them h~reby is presetved and shall f pass to and be held by the Mortgagee herein as security for the indebtedness to the Mortgagee herein described ~ or hereby secured, to the same extent that it would have been preserved and would have been passed to and been ~ held by the ~tc~rtgagee had it been duly and regularly assigned, transferred~ 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 ot record by the holders thereof at or about the time of the recording of this mortgage. S. In the event the ownership of the mortgaged premises, or any part thereof. becomes vested in a person ± other than the !1lortgagor, the Nortgagee may, without notice to the Mortgagor, deal with such successor or suc- cessors in interest N~ith reference to this deed and the debt hereby secured, in the same manner as with the Mort- gagor w~ithout in any way vitiatiog or discharging the Mottgagor's liability hereunder or upon the debt hereby ! secured. No sale o[ the premises hereby mortgaged and no forbeacance on the part of the Mortgagee~ and no ex- tension of the time for the payment of the debt hereby secured given by the Mortgage~ shall operate to release, discharge, modify, change or affect the original liability of the Moctgagor herein either in whole or in part. 6. The lien of this deed sccures and shall continue to secure payment of said indebtedness or indebted- ness, however evidenced, whether by said promissory note or any renswal oc extension thereof or substitute there- ~ for, or otherwise, until all such indebtedness shall have been fully paid. 7. In rhe even~ the mortgagors sell, convey or t~ansjer the niongaged prernises during the lije oj this mort- ; gage, then this ntortgage sha!!, at the option oj the Atortgagee herein, become inunediately due and paya6le Jor ~he j fu[l sum of ~he principal balance and interest then due. ; 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, ~ personal reptesentativ~~, succcssots and assigns of the respective patties hereto. Wherever used the singulat [ number shall include the plural and the plural the singular. and the use of any gender shall include all genders. ~ [ ~ ~ _ • ; ~ 3 E Signe , sealed n el- re in the resence of: ~ (Seaq ~ - `7Y1~.~,~~~ U' ~s~au nzo~ ~ ~ STATE OF FLORIDA I ~ ~ COUNTY OF~XK~X ~ ss ~ ST: ~UCIE Belore me personally appeared MILLAGE B. COLLINS and MILDRED COLLINS ~ his wife ~ ; to me well known and known to me to be the individuals described in and who executed the foregoing instrument, ~ and acknowledged before me that they eaecuted the same for the purposes therein expressed. WITNESS my hand ; and official seal in the County and State last aforesaid this ZSt Day of February, 1975 ~ 5 ,~~\t{~'7i(/f;/fi . ~ ~ ~ • ~ I ~ i i / ' ~1y Commission Expires: Ju~le 30, 1975 Notaty Public, State of Florida a~~ i ~ • _ ~ flt£0 ANO ~ECORDEO - : ~ _ 1 Sj.lUC1E GOIIMjY fl~. ~ : _ ~ ~ {t0~f^,FOlTRAS ' ~ _ OURT ' r' • , ~ pX ~~„CU~~ ~ ' : CIED ;~~IE~ ~ ~ aECOK ~E ~ ti ~ QN,T~j~ _ . _ ; FEe ~0 2° o K 2 6 PAGE 8~9 ~ ~~94 gooK 30 ~ ~ . ~ - - - - x- _ _ .e_:~