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Home My WebLink About0317 5-42,065-3 lhis m~xt~a~e ur uthr~ Irarofrr of ti~lr tu Ihr murlgaYrJ pruprrly in rati~u~ahmrnt uf Ihe ~nJrAtrdnrss ircurrd hrrrby, aU rq~At, tule ynd intr~rst u( the Aturt~ago~ io and to any insurancr policirs thrn in furce shatl pau tu Iha purc~lascr ut grantrr. (h)To ptrtu~m, cumply wilh anJ aAiJr Ay rach and rvrry thr s~ipulatw~~s, agrnrmrnts, cuuditw~ns and cuvrnants in said prumiswry nota and in t his Jred srt furth. (i) I hat ~t any of aid sums ot muney herr~n ~rfrrrrJ to be no~ prumptl)• and fulty paiJ within fi(tee~ Jay~•nex~ a(ter ~ha samr ~rverally becomes dut and payabk, or if tsch anJ e~~~>• ~he stipuialiuns, agrtrmrnts, ~v~ndqN~ns and cn~•rruntti ot wid prumi~wty nole and this dCed, ur eithar, are nut fuUy paYfo~med, compl~rd with and ah~drd by, thr ~ak1 aggregate sum menlN~nad in ~aid promi~cory note ahall be- come due and payable turthw~lh or Ihtrrafld al tht ~~p1~o~ of IAe ttortgaRtr as fully and complrtrly as it the said a~sirgatr wm ot said promiss~ry no~e w~s ~xigmally stipulateJ to Ae pai~i on suc~ day, anything ~n said {romissnty notr or herrin lo Ihe a~ntrary nolwithstand~ng. (j) That in order tu acrelerate thc maturily of tAe inJrbtrJorss hr~rby secureJ, her~use o( the failurr of thc Mortgs~~~r lo pay any tax, assrssment, liability, obligation ot rncum~rance upon said pruperty, as hrrrin ptuvidrJ, il shaU not be necessary or reyuisite tAat the morl6a1Ler shall first pay IAe s~mr. 2. The Martgdgee may, at his option, and without waiving his right to accelerate the indebtedness hereby secured and to foreclose the same, pay either betore or after deliquency any or all of those certain oblig~tions required by the terms hereot to be paid by the Mortgagor for the protection of the moNgage security or for the collection of the indebtedness hereby secured. AU sums so adwanced or paid by the Mortgpgee shall be charged into .the mortgage account and become an integral part thereot. subject in all respects to the terms. rnnditions. and covenants ot the atoresaid promi~ory note, and this mort~age. as fuQy and to the same extent ac though a part of the original indebtedness evidenced by saed note and secured by t6is mortgage. excepting howevrr, that said sums shaU be repaid the Mortgagee forthwith upon its demand and be in addition to the regular monthly instaNments provided by the mortg,age note. 3. That the absUad or abstracts.of titk rnvering the mortgaged property shall at all times, during the Gfe of this mortgsge. remain in pos,9ession of the Mortgagee and in event of the toreclosure of this mortgage or other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereb} , aq right, titk and interest of the Mortgagor in and to any such sbstracts of title shall pass to the purchaser or grantee. 4. To the extent of the indebtedness of the Mortgagor to the Mortgagee described herein or secured hereby, the MortgAgee is hereby subrogated to the tien or liens and to the rigl~ts of the ovmers and holders thereof of eaeh and every mortgage. lien or other incumbrance on the Iand described herein which is paid and/or satisfied, in whole or in part, out of the proceeds of the laan described herein or secured hereby, and the respective liens of said mortgages, liens or other incum- brances, shal! be and the same and each of them hereby is preserved and shall pass to and be held by the Mortgdgee herein as security for the indebted~ss to the Mortgagee herein described or hereby secured, to the same extent that it w~outd hare been preserved and would have been passea to and been held by the Mortgagee had it been duly and regularly assigned, trnns- ferred, set over, and deGvered unto the Mortgagee by separate deed of aaignment, notwithstanding the fact that the same may be saticfied and cancelled of record, it being the intention of the parties hereto that the same will be satisfied and can- celled of record by the hddtrs thereof at or about the time of the recording of this mortgage. S. In the event the ownership of the mortgsged premises, or any part thereof, becomes vested in a person other than the Mortgagor. the Mortgagee may, without notice to the Mortgagor, deal with svch sucoessot or successors in interest with reference to this deed snd the debt hereby secured, in the same manner as with the Mortgagor without in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sate of the premises hereby mortg,aged 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 Mortgagee shall operate to release, diccharge, modify, change or at~ect the original liabiiity of the Nortgagor ~ herein either in whole or in part. ~ 6. The tien of this deed secures and shall continue to secure paymer~t of said indebtedness or indebtedness, howcver evidenced, whether by said promissory note or any renewal or extension thereof or substitute therefor, or otherwise, until aU such indebtedness shall have been fully paid. _ 7. In the event the mortgagors sell, convey or transfe~ the mortgaged premises during the lije of this n:ortgage, then this mortgage shall, ut the optron of the Afo~tgagee herern, become immediately due and payable fi~r the jtdl sum oj the principa! !wlance and interest then due. 8. The terms "Mortgagor" and "Mo~tgagee" whenev~er used in this instrument shall include the heirs, petsonal repre- sentatives, successors and assigns of the rcspective parties hereto. Where~~er used the singular number shaU include the pturat and the plwral the singular, and the u9e of any gender shaU include atI genders. - ~ . S' ed, seak deli the presence of: ~~l ~ (Seal l ~ .c ~ cL ,...I~ STATE OF FLORIDA ~ cOUMTYO~'~~u ~e FRANCIS T. FARMER, an unmarried man and Before me personally appeared ROBER.T L. TOYE, an unmarried man to me w~ell knovm 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 ex ressed. WITNESS my hand and official seal in the County and State last aforesaid this 19th d8y o f July, I9~8. ; : June 30 1979 F ` ~ My Commission Expires: ~ Notary Public, State of ~ a~$~_ ~ v£ ~ .6~'" ~ . ~ . _ ~t.t f ~i- ' s i t ' s„~-~ . , , 5,C-~_y': `',t ~e5~~ %~r.,;• "-'J F.~3'~; ~ . ~T;'•... . - . ~~',It,' •J a~R,291 F~~~ 317' - 41~~p~ ` ~ 5~;, 8 I J ~ ~ " " . _ - Z. „ .-T~r mv:...~1.`.` 2t d : - u~„ i - ~y- ~ ~~'+~l4. ~ ~j`~T, ~ F t H~ _ "'-:4~~ _