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Home My WebLink About1206 t . ~ Our file 5-32,875 ~ ~ lAl~ 1110ft{~~0 Of OIAf~ lnnafst ot Ii11e lo thc mwt~~{ed property ia tat~nau~sAweat c( tM indebteaneas aecu~ed hcteRy, aN n~At, t+ilc •nd interest ot the Mortisia ia and to aay insw~nce polities thts ~A face sh~ll p~sY to tb~ purch~ser w tran~ee. (A) To perl«~, comply •itA sad ~b~de by e~cA ~ed every tl?e stipul~t~ons, a~tecmenu. cond~~~ons ~ad covenan~~ in sa~d puunw.u~y aote aad ia th~a detd aet to~LL~. (i) Th~t if ~ny oi s~id sums of nwnry Aercin retetted to be not promptly ~nd fully pud r~th~n h(~ecn day. nc,~~ at~.r the suae sevenlly betumes due and payable.or if each ~nd everY tbe slipYlatiau. ~areeiacnts, cornl~t~ana ~~d covenants o( sa~J p~om~+- aay nott and tAi• dsed. o~ euher. ~re oot r~~~y ~~t«.~ea. caaplied ritA aad ~p~deA sy. the s~~d sure~ate suia menuoneJ m.aid proan~aaay aote shall becoae due and p~y~ble tatA~itA a tfis~esits~ the opt~on oi ths Mortsasee •s fuity and completely ~x ~i ~Ac ` a~id a~{re~~te suw of s~~d pranissaY aote w~s ori~ieally stipul~ted to be paid m sucA d~r. ~nythins ~o said praniasory no~e o~ here,n ; ~o ~Ae cmtnry notwi~hslaadint. (j) Th~t ia ade? io accele~.~e ~he an~w~~y of tAe indebtadnass Aereby secured, becwae o( tAe tailure of the ~for~~~Rur w pa~ any tax, ~ asseasment. lubility, oblt~ation o~ rocumbru?ce upon s~id p~opertY, aa Aeain p~ov?ded, ~t shall not be ne~es!:aty ~x ceQu~a~K that ~hr ~ m«~p~ee shaU tirst p~y the same. ' ~ 2. The Murt~a~ee may. at his option. and without waivins his tisht to acceletate the indebtcdness hereb~• ~ secured and to foreclose the same. pay either be[ore or afttr deli~quency any ot all of those certain obligat~ons ' required by the terms fiereof to be psid by the Mort~aaor for the protection oi the mortgase security or for the c~l- lection o[ the indebtedness hereby secured. All sums so advanced or paid by tfie MottgA~~~ shall bt charged into the mott~age account anJ become an inte~cal~ part thereof, subject in all cespects to lhe tzrms, conditios~s, and covenants of the aforesaid promissory note, and this mottgage, as fully and to the same extent as though a part of the ori~inal indebtedness evidenced by said note and secured by this mortsage, excepting howerer, that said sums shall be repaid the Mortsa`ee iorthwith upon its demand and be in addition to the regular mon~hly install- menta pcovided by the mai~ase note. 3. That the abstract or abstracts o[ title covering the mortga:ed property sha{1 at at{ times, during the life of this mottgage. remain in possession of the Alortgagee and in event of the foreclosute of lhis moitgage oc othcr transfer uf title to the mortga~ed ptoperty in extin~uishment of the indebtedness secured hereby, all right, title f and interest ot the ~Iort=agor in and to any such absUacts of title shall psss to the purchaser or grantee. 4. To tfie extent ot th~ indebtedness oC the .Mort`a~or to the Mortgagee described herein or sec~red hereby, the Mortgaaee is heceby subrogated to the leen or liens and to tfie ti~hts ol' the own~rs and fiofders tficreof of each _ a~d every mo~tgage, lien or other incumbrance on the land described herein which is paid and/or satistied. in - ~ whole or in part, out of the proceeds of the loan described herein or secured hereby. and the respective liens of i said mortaages, liens or other incumbrances, shall be and the same and each of them heteby is preserved aad shall ~ pass to and be held by the Mortgagee herein as security for the indtbtedness to the Mortgagee herein described ~ or hereby secured. to the same e:tent that it would have be~n preserved and would have been passed to and been ~ held by the Atortgagee had it bee~ duly and regulacly assigned, transferted. set over, and deliveted unto tfie Morl- ~ gagee by separate deed of as"signment, notwithstanding the fact that the same may be satisfied and cancelled of ; record, it being the intention of the parties hereto that the same will be satisfied and cancelled of racord by the ; hotders thercoi at ar about the time of the recordina of this mortgage. 5. In tfie event ifie ownership oi the mortgaEed premises, or any part thereof. beccxnes vested in a person other than the Mortgagor. the 4Mrtgagee may. without ~notice to the Mortgaaor, deal with sucfi successor or suc- cessors in interest with reference to this deed and the debt hereby secuced, in ihe same manner as with the Mort- f I' gagot without in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby ~ secuted. No sale of the premises hereby mortgaged and no forbearance on the part of the !Nortgagee. and no ex- tensia~ of the time for tfie payment of the debt hereby secured given by the Mortgagee shall operate to release. discharge, modify. change or alfect the original liability of tfie ~{ortgador fierein either in whole ur in part. 6. The lien of this deed secures and shall continue to secure payment o[ said indebtedness or indebted- ~ ness; Tiowever evidenced, whether by said promissory note or any tenewal or extension thereo[ or substitute thera ~ (or. or otherv?isc. until all such indebtedness shall have been fully paid. 7. tn the evem the mortgagars sell, convey or transjer the mo~~gaged pre?nises during the /ije oJ this mo~t- € gage. then ehis rreortgage shalt. at ~he option oJ the Aloitgagee herern, become immediately due and paya6le jor thr ? ju/l sum oJ the principal 6a/ance and interest then due. ~ 8. Thc terms "Mortgagor" and "Mortgagee" whenever used in this inslrument shall include the heirs, ~ personai representatives, successors and assigns o[ the respective parties hereto. Wherever used the singular ~ number shali include the plural a~d the plural the singular, and the use of any gender shall incturie all genders. # F ^ n ~ / Y ~y~~ / ~ ~ Sig~ed, sealed and delivercd in the presence of: (Seal) , j • : _ ~ . r ! f . (Seal) ~ . ; I . . , II ~ ~ ~I ; . ~ STATE OF FLORIDA ~ ~ COUNTY OF IX~aK ss ~ S .j.UCIE d ~ aaA GILBERSON an a a ed G SO O efore me rsonall r j~ ~ j~ . , ~ P~ Y PP~ ~~~j~~~'d- ~ d- W , to me weil known and known tp me to e e ~ ~v~ uils escri e ie an ~~fe ~ Q~ ag ent, ' , and acknowledged before me that they eaecuted the same for the purposea etr~preSse . my hand and official seal in the County and State last atoresaid this 24th Day of July, 1975 ~ ~ " y . ~ - ~~i ~ r ~ : , 3 . , ~v's ~ly Commission Eapites: MaY 29 ~ 1 79 Notaty Public, State ofF,~QridB At L~Ql.~~~'~~t .~-r- ; FIIED A~tJ ~LCORDES - , d.,-j0 t~ S;,IUCiE COUNT1f FLA. a RGCH ?;~~TRAS T ~ ,r~ .,Q. , ~ C1.E~x C?°flf~+ CCUR f;,~. Sr...~'~~ t~',~r~~ ~ RECr.aDvF=. , ~ ~ 3 o3PH'~5 . ~9 sQ4x ~~2 ~.207 3~4~ r } ~~x : _ ~ ~ ~ ~ ` ~ , , i _ ` ' a