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Home My WebLink About2787 Our file 5-31,986 Ih~. m.~r~~~~tc .r ~.lnc~ itancie~ t:fi t~ite iu ih~ mu~t~asc~3 piupc~tjr ~n c,i~~r~u:~h~ent ut thr ~..,.rM1,ednr;; ~..-s: `-:c~~i. v.. ~:it:, and ~n~tres~ al the Nw~rarw m.nd t~ anv ~nsuianae pul~.~es ~hen ~n (ur.e .hall pa~s lo ~hc pur~ha.e~ u~ K~rn~ce. (h) To pa•~I~.im, ..rnp1Y W~tA and ab~de by tach and every ~Ae st~pulaUonc, a~teemeMs, cond~t~on. •nd co~eo~m. ~n s•~d p~um~.wry i no~e and m iA~. decJ .c~ (ortA. l~ 1 Tha~ d sny of sa~d sums ut muneY herem ~e(ened ta be nut promptlY and lully pa~d ~uh~n hlteen Qays ne~t al~er ( Ihe same severally becomes due and paY~ti~e,w d eacA and every tht supulat~ons, a~reement., c~~nd~uun~ anA covenan~s o( sa~d p~wmu. s i say nole and IA~s detd, ot t~~her, are oot fully pe~formed, tompl~ed ~r~tA and a~~ded by, ~he .a~d aRSre~a~c sum ment~oned ~n sa~d prwnissory nute sAaU ~ecome due and payable tatA.~fA a tAerea(~er a~ the opucr~ o( ~he Monga~ee at (ully and completely as ~t tAe ~ sa~d a`~re~~~e sum o( sa~d pom~csixy note was on~~nally supulated to be pa~d on sucA drY. a~ytMn~ in s~~d p~om~ssory no~e or Aerein ° s to ~Ae con~rary notw~tAstand~nR. F i 1 Tha~ ~n order to rccelera~e tAe matun~y o( tAe ~ndebtedness heteby secuted, becauu ol ~Ae (a~lu~e ot ~he Alw~~siw to pay any ~a~, •s.e.smem, lub~luy, obi~~auon or rn~umbraoce upon sa~d prope~ry, a~ here~n prov~ded, u thall not be neces~ary a reQu~siu that the : , mo~IR~`ee sAall (u.t paY the same. 2. The ~lottgagte may, at h~s opttion, and without waiv~ng h~s right to accelerate the indcbtedness hereby secured and tu forecluse the same, pay either before ar after delinquency any or ali of those certain obligations required by the terms heteof to be paid by the ~lortgagor for the protection of the rn~rtgage security or for the col- lection of tht indebtedness hereby secured. All sums so advanceJ or paid by the ~lortgagee shall be charged into the mortgage account and become an ~ntegtal part thereof, sub~ect in all respects to the term~, Fonditions, and cov~nan~s of the aforesaid pmmissory note, and this mortgage, as fully and to the same extent as thou~h a patt of the otiginal indebtedness evidenced by said nate and secured by this mottgage, excepting however, lhat said sums shall be repa~d the Alortgagee fotthwith upon its demand and b~ in addit~on to the regular monthly install- ments provided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged ptoperty shall at all times, duting the life of this mottgage, remain in possession of the Alortgagee and in event of the foreclosure of this mortgage or other transfer of title to the mortgaged praperty in extingui~ment of the indebtedness secured hereby, all tight, title and ~nterect of tht ~lortgagor in and to any such abstracts af title shall pass to the putchaset or grantee. 4. To the extent of the ~ndebtedness o( the Mortgagor to the Alortgagee described herein or secured hereby, the ~tortgagee is hereby subtogated to the lien or liens and to the rights of the owners and holders theteof oi each and every mottgage, lien or other incumbrance on the land described herein which is paid and!ot satisfied, in whole or ~n part, out of the proceeds of the loan described herein or secured hereby. and the respective liens o[ said mortgages, liens or other incumbrances, shall be and the same and ~ach of them horeby is presetved and shall pass to and be held by the 4lortgagee hetein as secutity for the indebtedness to the Alottgagee hetein described or hereby secured, to the same extent that it would have been pteserved and would have been passed to and been held by the ~tortgagee had it been duly and regularly assigned, ttansferred, set over, and delivered unto the Mort- gagee by separate deed of assignment, notwithstand~ng the fact that the same may be satisfied and cancelled ot ~ record, it being the ~ntentio~ of the parties hereto that the same will be satisfied and cancelled of tecord by the holders thereof at or about the t~me of the tecording of this mortgage. 5. In the event the ow~n~rship of the mortgaged premises, ot any patt thereof. becomes vested in a person 3 3 other than the ~lottgagor, the ~lortgagee may, without notice to the Mottgagor, deal with such successor or suc- ; cessors in interest w~ith reference to th~s deed and the debt hereby secured. in the same manner as with the ~~ort- ~ 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 no forbearance on the patt of the Mortgagee. and no ex- ~ ~ tension of the time for the payment of the debt hereby secured given by thc Mortgagee shall operate to release, ~ j discharge, modify, change or affect the original liability of the Mortgagor herein either in whole or in part. 6. "Che I~en of th~s deed secutes and shall cont~nue to secure payment ot sa~d indebtedness or ~ndebted- ~ ; ness, however evidenced, whether by said pcomissory note ot any renewal or extension th~reof or substitute there- ; for, or otherwise, until all such indebtedness shall have been fully paid. # > 7. !n the even~ ~he mortgogors sell, convey or transfer the mortgaged prernises during the JiJe oJ this mort- > ~ RoRe, then 1h~s mo~tgage sha!!, at the oplion oj the Afortgagee herein, 6eco?ne inimediately due nnd payable jor the ~ Jufl sum oj ?he prencipnl 6alance and interest then due. i t • , ~ 8. The terms "Mortgagor" and "Mortgagee" whenever used in this insttument shall include the heirs, ~ 5 personal representativ~~, successors and assigns of the respective parties hereto. Wherever used the singulat P number shall include the plural and the plural the singular, and the use of any gender shall include all gendets. ~ z ~ / ~ S ned, sealed d de v e in the pre ence of: lG Z `-~~GGY.t-~ ~ Seal) ~ ~ ~ ~ ~ ~ ~ ~Seap ~ ~ ~ j t~c c.-' ~-r' t ~,~c.t ~ f ~ v f STATE OF FLORIDA I ~ r COUNTY O ST .~E ~ ~ sf Before me personally appeared FRANCES L. EDWARDS, an unmarried eoman, ' to me well knuwn and known to me to be the individuals described in and who executed the foregoing instrument, = and acknowledged before me that they executed the same for the purposes there~n expressed. WITNESS my hand and official seal ~n the County and State last afotes ~d this llth Day of Mareh, 1975 ~ _ .ti~~~;~+~~,, j ~ t ~ ~ ~ ~Sy Commission Expires: June 30, 1975 Flo ~c$8 ,~f~.• : Notary Public, State of _ - • ~ - - rh°~s ~ ' ~ . _ S - 7 7 r. ~ ~ - ; _ .r- _ . , _ • 1r _ t - - , r= _ _ ; . . - . . ~ b' r.~ , _ ~ ~ i . _ / . ~ _ a~oK 23~ ~,~cf 2785 ~ , ~ ~ ~ . ; ~ - . . : - _ ~ ~ ; ~ _~-~~u_~.. ~ . _ ~ ~_.~}r