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Home My WebLink About0707 Our File 5-41,867-3 Ih~c m~.rtga~te ur uthtr ttanc(rr uf htlr tu Ihr nwrlgagrJ pruprrty ~o e~Ungwshmrnl u( Ihr ~nd~btrJnr~~ ~crutrd hrrrhy, ~U nghl. t~Ur anJ inlrrru u( thr \tu~IKagur ~n anJ tu any ~nwr~ncr iw~i~.~r~ ~nr~~ r„r~r,r~:,u r~., a. Ihr ~UfC~1:l5Cf Uf ~(f:IO~CC. (A)lu prrfurm, cumply w~lh anJ ~Mdr hy r~ah •rnJ rvrty thr .upulalN~n., ag~rrmrnls, cundilM~ns anJ currn~nls in sr~J prum~+w,ty notr anJ in thi~ JrrJ srt furth. (i) 1 hat ~ny ul ~id w~ns ul munry hrrc~n rr(rrrcJ t~~ I,r nul pr~nnp~ly and lully p~~d ~~~th~n fiflnrn dr)', nr~~ aftrr tlir wmr ~rtirrall> briomrs dut anJ pa)ablr. ur i( raih ~nJ rvrr) Ihr ~lipul.~lwm. agrrrntrnh, rundilM~n~ and cu~rrunt~ ~~f ~a~d pr~~nu.v~ty nulr anJ th~~ dtrJ, ur rrthtr, ~rr nut full)' prrlormrd. .umplKJ ti~Nh ~nJ rb~d.d hy, thr wKl a~trrg:.~a wm mrnta~nrd m.a~d pn~m~~u,ry nulr ~hall ~r .ume dur anJ p~yabtr t~irlhwuh ur thrrraf~rr ~t thr uptwn ul' Ihr \turlKrger fully and rump~rtrl~ a~ thr ti~d aggregatr ~um uf v~J {xomuv~ry• nule uasungmally it~pulatrJ u~ br pr~J un.urh Jry.an~ th~ng in vial {xmm~wry nulr ur herrm to ~hr conlrary ~xNNi~h~lanJui~. !1) 'Thal in urJer to accrlrralr tha maturity uf thr indrblydnr~x herrby ~aturrd, brcausr u! thr (a~lurr nf thr Aturtgagor lu pay an;• tax, r~srt~mrnt, li~bihty, uhligata~n ar rncumAr~ncr upun uiJ prnprrly, ac hrroin pruvidrJ, it shatl nut hr nrcrsury ur reyuieite Ihat thr mortgaKrr shall f~nt pry Ihr samr. 2. The Mortgagee may, at his option, and without w•aiving his right to accelerate the indebtedness hereby secured and to foreclose the same, pay either before or after deliyuei~cy any or all of those certain obligatio~s reyuired by the terms hereof to be paid by the Mortgagor for the protectiun of the mortgage security or for the co0ection af the indebtedness hereby secured. AU sums so advanc~ed or paid by the Mortgagee shal) be charged into the mortgage account and become an integral part thereof, subject in all respects to the terms, conditions, a~d covenants of the aforesaid promissory note, and thic mortgage, as fully and to the same extent as thuugh a part of the origina) indebtedness evidenced by said note and secured by this mortgage. excepting however, that said sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regular monthly instatlments provided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged property shall.at all times, during the Gfe of this mortgage. remain in possession of the Mortgagee and in event of the foreclosure of this mortgage or other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all right, title and interest ot the Nortgagor in and to any such abstracts of title shall pass to the purchaser or grantee. 4. To the extent aE the indehiedness of the 41arEg~gor to the 41ortg~gee described herein or secured hereby, tt~e Nortgagee is hereby subrogated to the lien or liens and to the rights ot the owners and holders thereof of each and every mortgage, lien or other incumbrance on the land described herein which is paid and/or satisfied, in whole or in part, out of the proceeds ot the loen de9cribed herein or secured hereby, and the respective liens of said mortgages, liens or other incum- brances, shall be and the same and each of them hereby is preserved and shall pass to and be held by the !Nortg~gee herein as security for the indebtedness to the Mortgagee herein described or hereby secured, to the same extent that it would have been . preserved and would have been passea to and been held by the Mortgagee had it been duly and regularly a~igned, trans- ferred, set over, and delivered unto the Mortgagee by separate deed of assignment, notwithstanding the fact that the same may be satisP~ed and cancelled of record, it being the intention of the parties hereto that the same will be satis~ed and can- celled of record by the holders thereof at or about the time of the recording of this mortgage. S. In the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the Mortgagor, the Mortg,agee may, without notice to the Mortgagor, deal with such successor or successors in interest with reference to this.deed and the debt hereby secured, in the same manner as with the MortgAgor without in any way vitiating or discharpng the Nortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereb} mortgaged and no forbearance on the part of the Mortgagee, and no extension of the time for the payment of the debt hereby secured given by the Mortg,agee shall operate to releace, discharge, modify, change or affect the original liability of the Nortgagor ~ herein either in whole or in Part. 6. The lien of this deed secures and shall continue to secure paymept of said indebtedness or indebtedness, however ~ evidenoed, whether by said promissor~~ note or any renewal or extension thereof or substitute therefor, or otherwise, u~til all f such indebtedne~ shall have been fully paid. ! 7_ br the event the nroitgagrns sel1, cunvev ~n transjer the mo~tgageJ premises Juring the lije nf !lris mo~tgage, Ihen i this mMtgage sfwQ at ~he optio?i ~j tl:e Mor~gagce herein, become immediatclt~ due a?u! payahle jur rhe jtd/ sum ujthe ~ principal balanc•e a~u! iirterest the~r di~e_ ~ 8. The terms "Mortgagor" and "Mortgagee" whenevrr used in this instrument shaU include the heirs, personal repre- sentatives, successors and assigns of the respective parties hereto. Wherever used the singular number shall inctude the plural ~ and the plural the singular, and the use of any gender sha0 include all genders. ~ ~ / S ed, sealed del' re th resence of: ~ ~a~) ' f!LEO ~NU pEG3R~F _ iT LI~CIE -^~LLY"~ ISeal? . C~,; ' ~ . - ~ ~ ;L j, H : STATE OF FLORIDA ~ COUNTY OF ~~C ~ .'~~~U~ ~ Beforemel'personatlyappeared ~~y E. RICHARDS, an unmarried man ~ to me well known and known to me to be the individuals described in and who executed the foregoing instrument, and ~ acknowledged before me that they executed the same for the purposes therein expre~ed. WITNESS my hand and official seal ~ in the County and State last aforesaid this 29th day o f June, 19~8. ~ ~ ~ ~ My Commission Expires: Jurie 3O , 1979 Notary Public, State of ~lor~~' 'c~~ r e ~ - ~ ' ' . ~ . ~~K~ ~90 PACE 707 ~ ~ r_ A~ . . - - - ~ - - - 7~ ~ i ~ g:~°~°~ ~ ~ y ~ . . -~-i' ~~°a ..s,t-'~5'"~~r~'~k,-~~~~~~3~*sr' C " ~~"~'aF•~~ ~y ~~~~~,y~~~~~ S'~ ~ j „ ~