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Home My WebLink About0781 Our File 5-42,644-5 Ihis m~xt~a~e ur otArr t~smfa of ti~k lo the mcxt~s~ed pn?pe~ty in etlin~uishmenl ut lhe irwlshtrJnrss srcu~rd hrreAy, aM ri~At, lilk snd (nteresl ut the M.x~p~o~ in and lu any insuance pulicies Ihen in fo~ce shap pass to the purchssrr o< <rsnlre. ~ (h)Tu pe~torm, cumply witA and sAide by e~ch ~nd evety 1he stipul~IN~ns, s~reements, cunditM~ns snJ cuvr~ants in said promiss~~~y nu~e snd in this deeJ ul fotth. (i) 'fhal it any of saiJ sums ~f moory hrrr~n rrfrrrrd to he no~ prumplly ~nJ (ully pa~d w~tA~n f1(lren day~ nral ~fler IAr xamt ~evetally becomts due and paYahk, o~ it each and every thr ~lipulaU~~ns. aRrermenh. cund~IN~ns and rurrn:~nt. ~~f wnl ~xumi.,nry nntr aoJ Ihis detd, ur tilht?, arr m?t fu0y pahxmed, .rmpl~rJ Ni1h ~~d ab~drJ hy, Ihr wid ruretale .um mentN~nrJ ~n vid promi~v~ry no~e sAall Ae- come due nnd payable f~thwith or tht~rafter at Iht ~~pt~on of iht Mu~1~a~er as fully and a~mplelrly aa if thr ~aid a~Rrr~alr .um +it ~siJ prom~ssury note ~+as o~~inaUy stipulattd to he paid on~such ~tiy, anythuqt m~rK1 pn~m~ssnry nott or hertin to 1hr anmrnry nntwithat~nJ~~. (j) Thal io urJer to accderrte 1he maturily of !hr inJeblrJnrss herrhy srcu~rJ, htcaux of thr failurr uf Iht Mutt~a~or In pyy ~ny ta:, , usessmrnl, (iability, ubli~tatK~n ur rncumbrance up~n saiJ ptuprrly, ~s hetrin pruvidrJ, il shall niN hr necriwry o~ tryuisile lhsl the murtgagee stwU f~rst pay thr samr. 2. The Mo~tgAgee may, at his option, and without waiving his right to accelente the indebtedness hereby secured and to foreclose the same, pay either before or after deliquency any or all of tho~e certain oblig,ations required by the termS hercof to be paid by the Mo~tgagor for the protection of the mortgpge security or [or the collection of the indebtednas = hereby secured. All sums so advanced or paid by th~ Mongagee shap be charged into the mortgsge accoupt and become an integral part thereof, subject in aU rapects to the ternu, conditions, and covenants of the aforesaid promissory note, and this mortgage, as tulty and to the same extent as thougb s part of the original indebtedness evidenced by said note and secured by this matgage, excepting hovrevrr, that said sums shall be repaid the Mo~tgagee forthwith upon its demand and be in sddition to the regular monthly instaUments provided by the mortgage note. ~ 3. That the abstract or abstracts of titk rnvering the mortgaged property shall at aU times, during the 6te of this mortgage, rcmain in possession of tlx Mortgagee and in event of the forcclosure of this mortgage or other transfer of titk to the mo~tgaged property in extinguishment of the indebtedness secured hercby, aU right, titk and interest of the Mortg,agor in and to any such abstracts of titk shaU pass to the purchaser or grantee. 4. To the extent of the indebtednest of the Mortgsgor to the Mortg,agee described herein or secured hercby. the Mort~agee is hereby subrogated to the lien or liens and to the rights of the owners and holders thercof of each and erery mortgage. lien or other incumbra~xY on 'the land dacribed herein which is paid and/or satisfied, in whok or in part, out of , > the proceeds of the loan described herein or secured (~ereby, and the respective liens of said mortgsges. liens or other incum• , brances, shall be and the same and each of tbem hereby is preserved and shal) pass to and be held by the Mortgagee herein aS security [or the indebtedrrcss to the Mortgagee herein described or hereby securcd, to the same extent that it would havr been preserved and would have been puce~ to and been held by the Mortgagee fisd it been duty and regularly assigned. trans- ferred, set orer, and delivered unto the Mortgagee by sepante deed of usignment. notwithstanding the fsct that the same may be satisC~ed and cancelled ot record, it being the intention of the panies hereto that the same will be satisfied and can- ; cdled of record by the holders thercof 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 rested in a person other ihan the Mortgagor, the Mortgpgee may, without notice to the Mortgagor. deal with such sucaessor or successors in iaterest with reference to this deed and the debt hereby secured, in the same manner as with the Mortg,~gor without in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby sccured. No sale of the premises hereby mortgaged ; and no forbearance on the part of the Atortgagee, and no extension of the time for the payment of the debt hereby secured given by the Mortgagee sha0 operate to release, discharge, modify. change or affect the original liability of the Mortgagor ~ herein either in whole or in part. ~ ~ 6. The lien of this deed secures and shall rnntinue to secure paymeat of said indebtedness or indebtedness, 6oweva ~ evidenoed, whether by said promissory note or any renewal or extension thereof or substitute therefor. or otherwice, unt~ all ~ such indebtedness sha0 have been fully paid. 7_ /n tlre e?~ent tlre nro~tgagors sell, convey vr tronsjer the nwrtgaged premises during the /ije oj this mo~tgage, then r1~is nrortgage shall, ot t/re option oj tlre :tilurtgagee hereirt, beconre immediately due and payable jor the full sum oj the ~ priitripal bala~x•e aib! ititeiest tlren due_ ~ 8. The terms "Mortgagor" and "Mortgagee" whenevrr used in this instrument shall include the heirs. personal repre- ~ sentatives, successors and assig~u of the respective parties hereto. Wherever used the singalar number shaU include the plural and the ptural the singular, and the use o[ any gender shall indude all genders. ? + Signed, sealed an d vered ' the presence of: - ) . ~ fjLEO ENO i!EC~k.,f it ~ ' ' ' fT ltlCfs CO'JMTY f~~ ~ q!r-<- ~:-:1'RtS ~ pn , _"tF~~ . ',J~: `t~~~7'1 r . ~ STATE OF FLORIDA ~ r' couNr~r oF~x ~ OcT 1 3 23 PM'1~ t ~ Beforsetmre perusonal~y aP~eared CLIMOiJ WASHINGTON and WILLIE MAE WASHINGTON, his wife to me well known and known to me to be the individuals dacribed in and who executed the foregoins instrument, and ~ adcnowledged before me that they executed the same tor the purposes thercin expres~sed. WITNESS my hand and official sal ~ in the County and State last aforeraid this 22nd day of September, 1978. ~ ' r t _ - ~ ~ My Commission Expires: June 30 , 1979 Notary Public, scate of Florida St :'~:8~ ~ J ; ~ . - ~ . ~ ~ ~ . ~ . , - ~ " fi~~ PAf~ ~ A . . . , . , ' ' -'O~'T~?as~.~ _ . _ ~ ~ ~~i~~+--. _v - " ~ ~ Yf• ?„"v a . r.~ ~,~`a"Y ,x...'-4~`"~* ~ii'~`` - - ` ~ lu~~ _ f~. ~