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Home My WebLink About0624 ~ Our File 5-41,534-9 ~his m~r~pre o~ olhe~ t~anste~ ot title tu the m~u~tarcd prupa~tr in extin~uuhme~t uf Ihe inJebtafness ucureJ Aereby, a~ ri~hl, titk and intereq of the Mortp~or In aMl lu sny incunnce pulkies theo in (orce shail pass to !he p~~ctuset or ~raMee. (h)To pe~torm, comply with snd abi~te by eacA and avery Ihe stipulalions, a~reoments, suodiliuns snd awea~nts in said ptumiswry note snd in this deed ut fo~tfi. ~ (i) That it any ot s~iA sums of monry herrin rsferrcd t~~ De not promp~lY and (ully paid within (ifleto days next sfter the ssme se~~aally bernmes due and psyabk, or if sach and evetY ~he stipul~tions, a~reements, c~ndili~~s and covemn~s of said pramissnry note and lhis deed, or eilhr~, sre no1 tully performed, complied ~i~h and abided by, the said aure~ate sum mentiuned_ in said prom~ssory note shsll be- come due and payable forthw•ith M therea(ta at the optioo ot the Mort~a~ee as fully and oomple~ely as if the said a~yrepte sum ot said promiss~oey nole Nssoritinally stipulsted to bo paid on such ~y, anyth~~ in said promissory oole or harein to tAe rnrtlrary notwi~hstandi~. (j) That in order to accelente the maturity ot the indeDleJness heieby secured, because of the failurc ot Ihe Murtaa~ur to psy any ta:, • assessment, liability, oblisaliun or encumbrance upun s~iJ p~operty, u herein provided, it sAatl oot be necesss~y ur requw~e that tAe mo~l~a~ee shall tirst pay the ssme. . 2, The Mortgagee may. at his option, and without waiving his right to acceteate the indebtedness I~ereby 3ecure~ snd to toredose the same. pay either before or after deliquency sny.or all ot thase artaia obligations requined by the termc hueof to be paid by the Mortg,sgor for the protectan of the mortpge sccurity or for the coUection of the indebtedness ~ heroby secured. Aq sums so advanced or paid by the Mortgpgee shall be charged into the mortg~ge socount aad beoome an integ~al pa~t thereof, subject in atl respects to the terms, coaditions. and covenants of the aforrsaid promissory note, and this moctg~ge, as fully and to the same exteat as thoug~ a put of the original indebtedness evidenced by said note and secured by this mortgage, excepting however. that said sums shsll be repaid the Mortgagcr forthwitl~ upoa its demand and be in sdditan _ to tbe cegular manthly instaUments provided by the matg,sge note. _ 3. That the abstract or abstrads of titk rnvering the mortg,aged property shall at ap times, during the tife of this _ mortgsge. remain in possession of the Mortgagee and in event of the focedosure of this mortgage or other trsnsfer of titk to the mortgaged pmperty in extinguushment of the inde6tedness secured hereby. aU right. titk and interest of the Mortg~gor in and to any such abstracts of titk sha9 pass to the purchaser or grantee. ~ 4. To the extent of !he indebtedness of the Mortg,sgor to the Mortgagce dacribed herein or secured herebr, t1~e Mortgagee es hereby wbrogated to the lien or liens and to the rights of the owners and holden thercof of ach and every mortgage. lien or other incumbranoe oa the land described herein which is paid and/or satisfied, in whok ar in part, out of the prooeeds of the loan described.herein or aecured hereby, and the rc~specti~e liens of said mortgsges, liens or ot6er incum- brances. sl~all be and the same and each of t6em hereby is preserred and shall pass to and_ be hdd by the Mortpgee 6erdn ~s security for the iudebted~ to the Mortgsgee huein dascribed or herehy sccured. to the sune extent that it wodd have bca~ ~eserved and wrould hare been passea to and been 6eld by the Mortg~gee had it been duly aad regululy sssigned, trms- ferred, set over. and deGvered unto the Mortgagce by separate doed of ~ssignment, notwitlutanding the fad thst the same - may be satisfied and ancelkd of record, it being the intention of the ~arties hereto that the same will be satisf"~od and cao- cdled of rccord by the holders thereof at or about the time of the recording of this mortg,age. S. Ir+ the event the ownecship of the mortgagai premises, or any part thereof, b~comes vated in a persoa other than the 1Hortgagor. the Mortg~gee may. without notice to the Mortgagor, deal with such sucoessor or wooessots in iuterest with refercnae to this dced and the debt hereby secured, in the same manaer aS vritfi t6e Mortppgor without in any way vitiating or discharpng t6e Mortg,~gor's liab~7ity hsreunder or upon the debt hereby secured. No sale of the prsmises hereby mortg,aged ~ and no forbearana on tht part of the Mortgagee. and no extension of the time for the paymeRt of the debt hereby sec~od given by the Mortpgee shaD operate to release; discharge, modify, change or affect the original liabitity of the Mort~gor , herein either iu whok or ia part. ' I 6. The lien of thic deed secures and shal! oontinue to secure paymeat of ssid indebtedness or indebtedness, howcver f evidenced. whether by said promigsory note or my cenewal or extension thereof or substitute thcrefor, or othera~~e. unUl a9 ~ such indebttdness shaD have been fully paid. 7. In the event the mortgagors sel1, convey or triansje~ the mortgrrged premises durrng the lije of this mortgage, then ~ this martgatge shall, at the option of the Mortgagee iierein, become immediately due and poyable fo? the ful! sum of lhe ~ principal ba/ance and interest then due. ~ S. The tem~s "Mortgsgor" and "MoKgagee" wfienevrr used in this uatrument s1~aU indude the heirs. personal rep~e- ~eutatives. successors and assigns of the respective parties hereto. Wherever used the singular number shall include.the plural and the plural the singular, and the use o! any gender shall include sll gende~s. ~ ~C`~~,~ . S' ,sealed in th presence of: (Seal) _ . ~ SfATE OF FLOWDA ~ ~ COtJM'~ ~F ~ = sefore me personaUy appeared ROBERT LEE MAYS and DOROTHY MAYS, his wife ~ to me wdl known and fcnown to me to be the individuals described 'w and who exceuted the foregoing instrument~ and ~ adcaowled'ed before me that they extcuted the same for the purpases theroin expressed. WITNESS my 6and snd official seal ~ in the County and State tast aforesaid this 2nd day o f June, 1978 . ~ - ~ ~ ~ Fl'n~:fda - at ~ ~ ~ My Commission Expira: JuBe 30 . 1979 Notuy Pub6c, State of - . FIlEO AMD fiECORUEG r S' ~ $1. LUCIE COUN?Y FIA. " ~ r r" : U' 4t1~7634 aGCER POItRAS , = ~ _ ~ ci ~ar. c:acu+T ccu ',r. _ . - - ~ r i: •c~C?' ~ . Juy t I 3~ ~ PN'T~ o~. ~ euo+c~ ~c~ szl 4~, ; r, - - - - - :_x~~~~~~ = n ~ ~ . s• ~ ~s~:=~