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Home My WebLink About0331 Our file 5-32,053 tM. m~~r~Ka~t• ur o~htr tnns~e~ M utle ~o ~he mortRa~ed poptr~y m eu~n~u~shment ol the ~ndebtedness sscu~ed Ae~eny, ~11 n~ht, htle • rnd ~n~e~e:~ ~~i the Uo~t~a~u~ io anJ to any ~nsurance pol~c~es tAen ~e (orce sh~ll pass to ~he purch~ser or ~rantee. lh? To per~~vm, c.xrply ~~th and ab~de by eacA anJ every ~he aupulat~ons, a~reements, cond~Uoos and covenams in sa~d pronsi.~oty noie anJ ~n ~h~. der, se~ furth. 1~ ~ TAat ~1 anY nf .~~d sums o1 m.~nt)' Aert~n ro(erred lo b~ not promp~ly ind (ulty pa~d ruA~n fi(~cen day. neu ~t~er ~Ae same .rvrrally becomes due and payahle,~x ~f each and every ~Ae st~pulauons, a6rcements, cnnd~uons and corenantc o( sa~d promi~t. +.ur no~e and lAis deed, or e~ihe~, are not (ully perfonaed, compl~ed ~•ith and ab~ded by, thc .a~d a~~reRa~c sum menuontd m s~~d ~x..m~.sw> note shall becoene due and pav~ble (orthr~~A or thereafter at the q+hon ot ~he Nat~a~ee ac t:.liy and compfetrly ss ~t ~he .~~d aK~regete .um n( ~aid Mom~..~wy note rss or~~~nally sbpulated to be paid on such d~y, snpth~n~ m sa~1 pranissorp note or here~n t~, tl~e :on~~~~~ nor•~~Asundm{. ii ? Tl+~~ ~n ..rder to arcelcrate tAt matunty o( Ihe mde~tednesc Acreby cecured, bscsuse of the fulure pf the A1w~p~or io pay any iaa, a~.e~~mrnt, I~ah~l~t>, nbLRat~on nr encumbrance u~wn sa~d property, as herem prov~ded, ~t shsll not be necessuv a reQu~s~te tAat the m~~e~p~~ee shall fu.t pay the same. Thr ~lortgagre may, at his opt~on, and without waiving h~s ri6ht to accelerate the indebtedness heroby +ecured anJ ta foreclose the same, pay either before or after delinque~cy any or all of those certai~ obligations requ~red ay thr terms hereof to be paid by the Nortgagot far the protection of the rrMrtgage security or for the col- Itct:un ~~f the ~ndebtedness hereby secured_ All sums so advanced ot paid by the Mottgagee shall be chatged into . the mrrtgage account anJ become an iategtal patt thereof, subject in all respects to the terms. conditio~c. and c~~~~znants of the aforesaid pn~missory note, and this mottgage, as fully and to the same extent as though a part ~?f the original indebtedness evide~ced by said note and secured by this mortgage. excepting however, that said sum~ .hall be repaid the ~1or~gagee forthwith upon its demand and be in addition to the regular monthly instali- ment~ provided by the mortgage note. 1. That the abstract or abstracts of title covering the mortgaged property shall at all times. during the life u( th~. mortgage, remain in possession of the ~1lortgagee and in event of the foteclosure of this mortgage or othet tran.far of title to the mortga6ed property in extinguishment of the indebtedness secured hereby. all right. title and ~nterest of the ~lortgagor in and to any such abstracts of title shall pass to the puichaser or grantee. To the extent of the indebtedness of the Mortgagor to the Mortgagee described herein or secured hereby, the ~tortgagee is hereb}~ subrogated to the lien ot liens and to the rights of the owners and holders thereof of eacfi and every mortgage. lien or other incumbrance on the land described herein which is paid and!or satisfied. in Mhole or in part, out of the praceeds of the loan described herein or secured hereby, and the respective liens of said mortgages, lic~s or other incumbrances, shall be and the same and each of them hereby is preserved~and shall pass to and he held by the ~tortgagee herein as security for the indebtedness to the Mortgagee herein described or hereb~• 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. transfeRed. set over. and delivered unto the Mort- gagee b~ separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it be~ng the intention of the parties hereto that the same will be satisfied and cancelled of're~ord by the hi~lders thtceof at or about the time of the recording of this mottgage. 5. In the event the ownership of the mortgaaed premises. or any part theteof. becomes vested in a person other than the ~Mrtgagor, the ~lortgagee may, without notice to the Mortgagor. deat with such successor or suc- cessors in interest with reference to this deed and the debt hereby secured, in the same manner as with the Atort- gagor K~thout in am• way vitiating ot discharging the 1~lottgagor's liability hereunder or upon the debt hereby secured. Na sale of the premises hereby mortgaged and no forbearance on the part of the Mortgagoe, and no ex- t~nsion of the time f~r the payment of the debt hereby secured given by the Morigagee shall operate to release. _ discharge, modify, change or affect the original liability of the Mortgagor herein either in whole or in patt. 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- ' ness, however evidenced, w•hether by said ptomissory note or any renewal ot extension thereof or substitute there- I for, or otherw~se, untel all such indebtedness shall have been fully paid. ~ 7. !n die e+~ent the mortRagors sell, convey or transjer ~he mortgaged pre~nises during lhe lrJe oJ this mort- ~ RaRe• then ~hrs mortgnRe shall, at the op~ion oj the ,1lorlgagee herein, becon:e immediateJy due and payable for ~he ~ full sum of the pr~ncipcil balance and interest then dae. 8. The terms "!4lortgagor" and ";~lortgagee" whenever used in this instrument shall include the heirs, ~ personal representatives, suecessors and assigns of the respective parties hereto. Wherever used the singular ~ number shall include the plural and the plurat the singular, and the use of any gendet shall include all genders. ~ Si d, seal nd live d i e presence of: ~/~~ai~/Zwf~.G~f (Seal) ~ , ~ al) v~-~ - ~ ~ < t.!_<J t_-I~<.L ~J ' . ~ STATE OF FLORIDA I ~ cotltlTY ~ SS _ ~THANIEL H. LEATH and VICTOR C. LEATH, his wife, ~ 5 Before me personally appeared formerly known SS VICTOR CLEO MANSELLE ~ to me well known and known to me to be the individuals described in and who executed the for~going instrument. and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand and off~cial seal in the County and State iast afotesaid this 22nd Day of Mareh 1975 ~ •u:,~: ~ s _ ~ _ . ~ Wy Comm~ssion Expires: _Tun~ 30~ 197~_ Notary Public, State of Flozida t~;~Sr _ _ ~ pNJ ~r.GURDED ` ~ fILED << ~~:,Ntr FIA. ~4' ~ - , y ~ 5T. kGGEt' Ff~tT~AS - " ~ ~T COURT ' ~ CI.ERI „F`:.~ E~_ / . a~t~r~:. V- / ~ , H •7~ - . Ars 2 ~ 39 P ~ . ~ 3o;t~6 0 238 ~A~ 3,3~J " ° ~ ~~y ~ ~ - ~ - - ~ ~;~rz ~ ~ r v ''~T , ~ ,