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Home My WebLink About2998 • r Our file 5-33,027 - thu mix~~ase u~ u~he~ tqea(e~ o( Ulle lu ~he ~.on~~s~a v~ope«y ~n eal~n~wsMnent u1 IAe ~ndebledness aecwed hertAy, all ~~~h~, tule snd ~n~erexl o( Ihe Mo~~s~iw ~e and to sny ~nsursnce polw~es tAen ~e fo~ce sh~ll pass to tAe purcAsser or ~ranue. (A) To perl~xm. c.rnply vnth and ~bide sy t~ch a~d tvety the supulauons. speeiaeets. cond~~~ons and covenants ~n sa~d prum~ssory ~ eo~e and in ~Ais deed se~ (atA. ~ . TAst aoy uf sa~d aw~s ot isoney hert~o re(etred to ps not Oto~P~lY and fully paid +~~tA~n f~heen Qays neu atter the iame serer~ily Aecaaes due and pay~ble.or if eacA and eve~y tht stipul~uons. ~jreeaients, coed~l~ons and covcn~nts of sa~d p~ow~s- saY no~c and tAis deed. ot e~thet. ars eot (ully perfo~~sd. tos0~~ed ~r~~R aed ~b~ded by~ the sa~d surepte suw n~enuoned ~n ssid f' ~ pras~ssay note shall becoaee due and ~srs4f! (atA~ritA or tAere~tter •t tAe op~ion ot tAe Nor~~a~ee ss fully and cospletely as it tAe said saue~a~e sus of siid proa~issay aots vss oc~s~aally stioul~ted to be psid oa sucA d~Y. apyN~n~ ~e said praa~ssorY oote or hero~n to the conuuy naari~hstandiiu. . ; I Tba~ ~n order to aceelerate ~Ae wwmy ot tAe indeetsdness Aeteby secured. because o( the fa~lure o( ~he Ma~~aso~ ~o p~Y sny taa, asse~smen~. lusility. oelis~~ieu or encuaMance upon said Prope~tY. ~s huein provided, shall nol be aecessary or reau~site th~t the t_'~ m«t~ssee sAall fus~ psy the sa~e. ~ ~ The Nottgagee may. at his option. and without waiving his right to accelerate the indebtedness hereby sec~red and to forecfose the same, pay eithet before or afte~ delinquency any ot all of those certain obti6ations 4' requiced.by the tetms her~c+'' to be paid by the Mort~a~or fot the protection of the mortgaat security or (or the col• lection of the indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be charged into ` k: the mortgage account anJ become an inteatal part thereof. subject in ali respects to the terms. conditions, and covenants of the aforesaid ptomissory. note. and this mottgage, as fully and to the same extent as though a part of the original i~debtedness evidenced by said note and secured by this rtartgage. excepting however, that said sums shall be repaid the hlortgagee forthwith upon its dema~d and be in addition to the regulat monthly install- ments provided by the mortgage note. 3. That the abst~act or abstracts of title covering the mottgaged property shali at all times. duting the li[e of this mortgage, remain in possession of the Alortgag~e and in event of the foteclosure of this mortgage or other transfer o[ title to the martgaged property in extinguishment of the indebtedness secured hereby, all right. title and interest of the ~lurtgagor in and to any such abstracts of title shall pass to the purchaser or grantee. 4. To the extent of the indebtedness ot the Mottgagor to the Mottgagee described herein ot secared her~by, the !1lortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each ; and every mortgage, lien or other incumbtance on the land described herein which is paid and/or satisCed. in ~ whole or in part, out of the proceeds of the loan described herein ot secured hereby, and the respective liens of ~ said mortgages, liens or other incumbrances, shall be and the same and each ot them hereby is preseived a~d shall pass to and be held by the Mortgagee herein as security for the indebtedness to the Mortgagee herein described or hereby secure~f, to the same extent that it would have been pteserved and would have been passed to and been held by the \lortgagee had it been duly and regularly assigned. transfetted, set over, and deliveted 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 of tecotd by the holders ihereof at or about the time of the recording of this mortEage. ~ 5. ln the event the ow~ership of the mortgaged pre~nises. or any part thereof. becomes vested in a pe son ~ i other than the !liortgagor, the ~tortgagee may, without notice to the Mortgagor. deal with such successor or suc- ; cessors in interest with re7etence to this deed and the debt hereby secured, in the same manner as with the Mort- gagor without in any way vitiating or dischargin6 the Mortaagot's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mottgaged and no fabearance on the part of the Mortgagee, and no ex- tension o[ the time for the payment of the debt hereby secnred given by the Mortgagee shall operate to release. discharge. modify. change or affect the original liability of the Mortgagor herein either in whole or in part. b. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- ness. however evidenced, whether by said promissory note or any renewal or extension thereof or substitute there- for. or otherwise, until aU such indebtedness shall have been [ully paid. 7. In tlre event the inortgagors sell, convey or lransjer rhe mortgaged p~emises during the lije oj this mort- gage, then this mortguge shall,. ot the optiore oJ the Afongogee herein. becorne immediatety due nnd paya6le Jor the ~ ju/1 sum oj the principal balance and interest then due. ! 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs. 4 personal representativ~~, successors and assigns of the respective parties hereto. Wherever used the singular ~ number shall include the plural and the plural the singular, and tha use of any gender shalt include all genders. € ~ Sign . sealed li red " the resence of: /_.~.~iL,,l,~Li~' ~G~/1?y (Seal) ~ ~ 'J (Seal) i'//. r ' STATE OF FLORIDA ~ / ~ ~ ss cou sT LUCIE~- ~ Betore me personally appeared RICHARD BASS and RUBY LEE BASS ~ his wife, ; to me well known and known to me to be the individuals described in and who executed th~ foregoing instrument. ~ and acknowledged before me that they executed the same fot the purposes thete~n expressed. WITNESS my hand ~ and official seai ~n the County and State last aforesaid this 16th Day of August 1975 ~ ~ ~ ~ S X ~ lf 11 3 `4\~~' ~ 4 ~~i~'i F ~1y Commission Expires: tl 19 Notary Pu~3i~.~te o~' ~ ida I~ ~ i.E.~:3~ t?~ ~ e' _ ~ f~~.t~~ t'~'~~a~?~~~~9 c ~ " = ~ gt:~aC~; ~ . ~~~ll~ _ - a . - 5,:3~ '~f?~ ' ' . ' ~ a"*,`. t~ a~_~.5~8 e L~ G:'Cv ~ ~L: t, • ~q ~ . ~ ar"~ , y~ e~ 1 . . .,t~s•~ ~ A~11 ,r ~7r~~ ~~,~.-242 PdGEJ~~~ f ~ , 9 GK ~ ~ ~ . .3 ~ - ; _ ~ ~ ~ , ~ ~ .ti>~~ ~