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Home My WebLink About0234 iAi. murtp~~c ~.r a~Ac~ tran.~e~ o( title to tAe mon`ajed ptope~ty m e*t~nawahment .~t tAe indebtedness secured here~v, ~11 n~hl, h~le ~nd ,merr.c ~he ~to~~~asu~ ~n and to any ~ncwance pohc~es ihen ~n forct shrll pass to ~he pwchaser m~r~~tee. IA~ Tu pr~~~vm, ...mply ~r~tA and abiJe hy each and evety the sUpulations, a~ttemeols, condu~uns and covenantc ~n sr~d promic~o~y n,,:e .~rtJ ~n ~h~, derd ,e~ fuit~. 1~ 1 7h,?~ ~t c~ny o( .aid sums W m.meY he~ein rrlrrrrd tu Dt tlol promp~ly and (ull)' Patd ~•Uh~n Idteen drY~ ne~t rlte~ ~he ~ame .c~rrally hecomes due and paya~le,~r ~f exA and every the supulauons, aRrremeots, conditwnc and coticnantc oi sa~d prom~~- .urc no~e ~nd ~his deed, o~ e~thr~, are not (ully pe~tcumed, compl~ed wNh and ab~ded ey, ~he +a~d a~~re~a~e sum menuoned ~n sa~d pr.~m~..or~ n~~~e chall become due anJ pau~tc (Mthruh ~u ~heres(ter al tAe ophon of the \lurt~a~ee as tully and completely as d thc .r~d rKKrt~t.ite .um ol sa~d {x~wn~..n~~ note ~as onR~na11Y sl~pulrled to be pa~d on sucA diY. anyth~nt m sa~d prom~s~ory nott a hert~n ihe :anirar~ not•~uhsund~nE. ~ Th~i m,~rde~ ~o accelers~e ehr m~tur~~)' u( the ~ndebtedoess hereby secwed, because ut the fa~lure ot the Mort~a~o~ to DaY ~~Y .,c.~..mrnl, I~~h~ht~, ~~I~Raun~ ~.r rn.umbr~nce upon sa~d p~nperty, as htrem prav~ded, ~t shall not be necessary or requ~s~~e ~hat ~he c~..e~f.~~e~ .hall (~r.t pry the ~ame. Thr ~tottgagee may, at his opt~on, and witnout waiving his right to accelerate the indebtedness hereby .~rured anJ to forecluse the same, pay either before ot after delinquency any or all of those cettain obligations rtqu~red h~ the te~ms hereof to he pa~d by the ~iottgagor for the ptotection of the mortgage secutity or for the col- le~t:on ~?f the ~ndebted~ess heraby secured. All sums so advanced or paid by the !Nortgagee shall be charged into the m~~r~gage arcount and become an ~nt~gral part thereof, subject in all respects to_the terms. conditionc, and c~•venants ot' ~he af~~resaid pn~missor~~ note, and this mortgage, as fully and to the same extent as though a part ~~f the ~riginal indebtedness ev~denced by said note and secured by this mortgage, excepting howevec, that said ~umc .hall be repaid the 1lortgagee forthwith upon its demand and be in additio~ to the regular monthly install- ~ i in~nts provided by th~ mortgage note. i. That the abstract or abstracts of title covering the mortgaged property shall at all times. during the life .~f th~~ mongage, remain ~n possess~on of the !~iottgagee and in event of t~he foreclosure of this mortgage ot other - tran.frr of t~tle t~• the mortgaged property in extinguishment of the indebtedness secured hereby. all right, titlc ` and intetest of the ~lottgagor ~n and to any s~ch absttacts of title shall pass to the purchaser ot grantee. 3. To the extent of the indebtedness of the Mortgagor to the Mortgagee described hetein or secured hereby, ihe \tortgagee is hereb>• subrogated to the lien or liens and to the rights of the owners and holders thereof of each and e~•er>~ mortgage. lie~ or other incumbrance on the land desccibed herein which is paid and,'or satis[ied, in whole or ~n part, out o! the proceeds of. the loan described herein or secured hereby. and the respective liens of sa~d mortgages. I~ens ar other ~ncumbrances, shall be and the same and each of them hereby is preserved snd shall pass to and be held by the ~lortgagee herein as security for the i~debtedness to the 4lottgagee herein described or hereb~~ ~ecured, to the same exte~t that it would have been preserved and would have been passed to and been held b~~ the ~t~~rtgagee had it been duly and regularly assigned. transfened. set over, and delivered unto the Mort- gagee b~ separate deed of ass~gnment, notwithstanding the fact that the same may be satisfied and cancelled of record, it be~ng the intent~on 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 recording of this mortgage. S. In ~he ~vent thc oKnership of the mortgaged premises, or any part theteof, becomes vested in a person other than the ~lortgagor, the ~lortgagee may, without notice to the Mortgagor, deal with such successor or suc- j cessors ~n interest N~ith reference to this deed and the debt heteby secured, in the same mannet as with the !11ort- gagor uithout in an~• way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby secured. Wo sale of the premises hereby mortgaged and no forbearance on the part of the Mottgagee, and no ex- ten~~on of the time for the payment of the debt heteby secuted given by the Mottgagee shall operate to release. ~iischarge, modify, change ot affect the original liability of the Mortgagor herein either in whole or in part. 6. The lien of th~s deed secures and shall continue to secure payment of said indebtedness or indebted- ness, hoKever evidenced, w~hethet by said promissory note ot any re~ewal or extension thereo[ or substitute there- f~~r. or otherK~se, until aU ~uch indebtedness shall have been [ully paid. 7. In tl~e e~•ent rhe mo~tQaQo?s sell, com~ey or transjer ~he mortgaged premises during the lije oJ this mort- xa,¢e, thcn thrs mortgage shafl. at the op~ian oJ the :Ilortgagee herein, becon:e inmediate/y due and payable Jor the ~ futl sum oJ !he pnnc~pal balance and interes~ then due. 8. The terms "~lortgagor" and "!11ortgagee" whenever used in this instrument shall include the heirs, ~ personaf representatives, successors and assigns of the respective parties hereto. Wherever used the singular ~ number shall include the plural and the plural the singular, an e use of any gender shall include all genders. _ ~ ~ ~ ' ~ Si ned, se an e vered the presence of: (Seall ~ (Seall -~-Zc G~ ~ / ~ ~ ~ ' ~ ~x.-ci ~ STATE OF FLORIDA I sS ~ COUNTY OF~~ ~ ~ S~ LUCIE ~ e=ote me personally appeared CALVIN NELSON and ETHEL NELSON, h3.s wife, ~ to me well known and known to me to be the individuals described in and who executed the foregoing instrument, ~ and acknowledged befote me that they executed the same for the purposes therein expressed. WITNESS my hand and ot'ficial seal in the County and State last aforesaid this 27th Day of Mareh, 1975 `4 r* ~ ~ ~ • ~ ; ~ ~ty Commission Ezpires: Jut1e 30, 1975 Notary Public, State of Flori 8t ' ~'i ~ . : i1LE0 th; ~EC;JRQCO ~ ST. LUCIC C0: MT~ FLA. , _ - ~ ~ RGCc~ ~ :i1TRA8 ~L' _ ~ CcF~~c ~ . .:~iil GOURT 6~ . . ~ nECGa:~ ,f?.,:c~~p~'~ ~ i' , ~ ~ - ~ AtR I 2 31 PH'7~ . 30~394 ~ooK~3~ PncE z3~ . ~ - • _ , - : ~ ~ ~ a -