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Home My WebLink About0154 Our File 5-42,074'S Ihis m~Kl~agr ut ulhar tt~nsirt uf tiUr t~~ thr m~.rtKag~J pruprrly in rsunKuiahmrnl uf the ~nJrhirdnrc~ srcurrd hcrcby, rll ry,At, IiUr rnd intrrnst of Ihr ~furtg~gor in anJ tu any ~mutan.r p~lic~as Ihrn in t~~rcr ~hr0 pas~ lu Ihr pu~cAa~rr ur gr•rn~rr. (h)To prrfu~m, cumply w~th ~nd ~biJr by r~ch anJ rvery thr stipulatN~ns, aRraemonts, cundilNins arn1 cuvrnanls in said prumisu,ry nutr and in this ~rrd srt forth. (i) (hat if any of said sums of munry hrrr~n ~rlrrrtJ to hc n~~t pru~npUy ~nd fu11y pa~J ~+'ithin (dtrrn da~•+ nrtt aftr? thr ~rmr +tvrrally hriomes Jue anJ pa)'aAk, or i! ea~h anJ rvery ~hr .lipulru~~m. aRrtrmrnte. cunJltMin~ rnJ covrn.+nt+ ~~f ,aid prumf.v~ry nu~r and tAn dted, ur rithtr, arr not fuUy prrformrd, iumplird Nith ~nd a~~Jrd hy, thr ~a~J a~rrea~e +um menuunrd ~n viJ prom~.cury nutr ch~ll br tume dut and payable furih~vuh ur thrrrr(ter at the npuua uf thr \turtgagte ~ti fully and a~mplttrly as if thr tia~d aggrrgate ~um uf vid p~om~su~ry nutt Hasurig~nally st~pulatrJ tu hr pakf un wrh diy, anything m vid promitu~ry nolr ot herr~n to the r~~ntraty nolNilh~tand~n6. That in orJer lu accelrrate thr malurity ut thr indrbteJnrss hrrchy securcd, hrcausr ot Ihe failurr uf lhe Morlgagor to pay any tax, sisrssmrnt, liabilily, uMigation or rncumbranrr up~n saiJ pruprrlp, as hrrein pruviJrJ, it shall nul br nece~.cary ur rryuisile that thr murlga6er shall first pay thr srmr. 2. The Mortgagee may, at his option, and without waiving his right to accelerate the indebtedness hereby secured and to foreclose the same, pay either before or after deliyuency any or all of those ce~tain obligations required by the terms hereof to be paid by the Mortgagor for the protection oI the mortg,age security or for the collection of the indebtedness hereby secured. All sums so advanced or paid by the Nortgagee shaU be charged into the mortgage account and become an integral part thereof, subject in al! respects to the terms, conditions, and cowenants of the aforesaid promissory note, and this mortgage, as fully and to the same extent as though a pa~t of the original indebtedness evidencea 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 instaUments provided by the mortgage note. 3. That the abstract or abstracts of title rnvering the mortgaged property shall at all times, during the Gfe o( this mortgage. rPmain in poss~ion of the Mortgagee and in event of the foreclosure of this mortgage or other transfer of title to the mortgaged propeMy in extinguishment of the indebtedness secured hereby. all right. title and interest of the Mortg,agor in and to any such abstracts of title shall pass to the purchaser or grantee. 4. To the extent of the indebtedness of the Mortpgor to the Mortgagee described herein or secured hereby. the Mortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of eacfi and every mortgage, Gen or other incumbrance on the land described herein which is paid and/or satis~ed, in whole or in part, out of the proceeds of the loan de9cribed herein or secured hereby. and the respective liens o! said mortgages, Gens or other incum- brances. shall be and the same and each of them hereby is preserved and shall p~ss t~ and be held by the Mortg~gee herein as security for the indebtedness to the Mortgagee herein described or hereby secured. to the same extent that it would have been pieserved and would have been pas.~ea to and been held by the Mortgagee had it been duly and regularly assigned, trans- ferred, set over, and deGvered unto the Mortgagee by sepa~ate deed of assignment. 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 can- celled of record by the hdders thereof at or about the time of the recording of this mortgage. 5. In the event the ovmership of the mortgaged premises, or any part thereof, becomes vested in a person other than the Mortgagor, the Mortgdgee tnay, 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 Mort&agor without in any way vitiating w dischar~ng the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby 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 MortgAgee shall operate to release. discharge, mudify, change or affect the original liability of the Mortgagor herein either in whole or in part. ~ i 6. The iien of this deed secures and shall continue to secure payment of said indebtedness or indebtedness, however i evidenced, whether by said promissory note or any renewal or extension thereof or substitute therefor, or otherwise, until all such indebtedness shall have been fully paid. E 7. /n the event Ihe moitRagurs sell, convey or tm~tsjer dre n:ortgaged prenrises duri?rg the ltje ojd~is n:ortgage, tlren this mortgage shall, at the option of Ilte ,tilortgagee herei~r, become immediately due a~u! payable jor ~he jull sum oj the i pri~ecipal 6alance anr! interest the~t due_ € 8_ The terms "Mortgagor" and "Mortgagee" whenev~er used in this instrument shall include the heirs, personal repre- ~ sentatives, successors and assigns of the respective parties hereto. Wherever used the singular number shall inrlude the plural ~ and the pl~ral the singular, and the use of any gender shall include all gen rs. ~ ~ Sign~l, sealed and delive in e nce of: Sea~) ~ - . (Seal) ~ ~ l_ ;~,~.~~'~.L ~ ~ ~ ~ STATE OF FLORIDA ~ w COUNTY OF~X ~ ~ St. Lu ~ Before me persona~y appeared ~~pND LEE FELTON, an unmarried man ~ to me wel) known and known to me to be the individuals described in and who executed the foregoing instrument, and adcnowledged before me that they executed the same for the purposes therein expressed. N?ITNESS my hand and official seal ~ in the County and State last aforesaid this 19th day of July, 1978. f: - My Commission Expires: •lune 3O ~ 1979- Notary Pubiic, State of r r ~ _ , _ ; _ . - - B~oK ~92 ~5~ - = . . : _ ~K . . . . j~-.~ ~ ~ - . ~ry~ _ _ ~ ~ - - • . x: ~r x -n-~~.~~ ,3 { ~ -tv~~~~,~ ~ c~-~`~= _ _ - L,~ ~~.f~~~`~r~~:.~..+.~+-- '~x ca~~ ..~-s~..~a