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Home My WebLink About0666 pur File 5-42,786-4 ~ ! IAis m~wlraEe ot othrr trsnster of tilk to !he morl~~rd prope~ty in ealirKuishmenl ~~t Ihe inJaAlcJnrss secutrJ Arrehy, aN rKhl, lilk snd iolaYest o! Ihe Morlp~r in a~d tu any inaurance pc~licies the~ in f~~rce shall pass to tAt purcAaser w~~snlrr. (h)Tu perfo~m, aimply with and sbide by each and every tAc s~ipulstw.ns, s~reements, CUf1Ai1M~113 amf currnanls in said pu~miss~~rr notr a~sd in thfs Jerd ss! WrtA. (i) Iha! if any of saiJ sums of muoey hrrrm refrrrrJ lo ht not prompUy anJ tully p+~J wNhio td~rrn day~ nru afte~ Ihr vme .everslly become~ Jue and psY+~k, or d enrh and tvery the al~pulaUum, aRrermrnh, rund~lw~m anJ rnrrn.~nh u( w~J ~xum~~v?ry niilr and this derd, o~ ti~htr, ~re m~t fully ptrf~umed. .rmpl~rl witA and abidrJ hy, ~hr wid a~~esale ~um mentw~nrd ~n v~d p~omi~W~ry nolr shall Ae• come due and paYablt f~ulhNitA ~x tArrra(ter al Iht opUon of the Aturt~ta~er as fully am1 a~mplttrly o~ if the v~id a~RreRale +um ot saiJ prom~swry nole Nas ~xqtmally st~pulatrJ ti~ he paW on surh ~tay, any~Mn~t m~rnf {rum~cu+ry note ~~r hercm ~o Ihe ronlrary n~NM•ithataoJi~- Thal in urder to srrrleratr thr malurity of !hr iodahlrJnrss herrhy securrd. Arnuu uf thr f~ilure uf IAr A1urt~a~ut tu psy aoy Is~, assrssmrnt. Iia~mly, uMiratN~n o~ encumtaance up~n saiJ prupr~ty, ae he~rie pruvWrJ, il shall nu1 hr nnrssaty or rryuisite Ihat the m~~rl~t:ytrr slull ti~st pay thr nmr. 2. The MortgAgee may, at his option, and without waiving his right to accelerate the ind~btedness hercby secured and to foreclose the same, pay either before or after deliquency any or ap of those certain oblig,ations required by the ternu her~of to be paid by the Mo~tgagor (or the protection of the mortgage security or tor the collection o( the indebtedness hereby secu~rd. All sums so advanced or paid by the Mortgagee shall be charged into the mortg,age account and beoome an integral part thereof, subject in all respects to the ternu, conditions, and covenants of the atoresaid promissory note. and this mortg,~ge, as fully and to the same extent as though a part of the origuul indebtedness evidenced by said note and secured by this mo~tgage, cxcepting howerer, that said sums shall be rtpaid the Mortgagee forthwith upon its demand and be in sddition to Ihe ~egular monthly instaUments provided by the mortguge note. 3. That the abstract o~ abstracts of titk covering the mortgaged pmpeMy shall at all times, during the tite of this mortgage, rcmain in possession of the Mortgagee and in event of the forectosure of this mortgage or other transter of titk to ths mortgagcd pmperty in extinguishmrnt of the indebtedness secured hercby, aU right, titk and intercst of the Mortgagor in and to any such abstracts of title shall pass to the purchaser or grantee. ~t. To the extent of the indebtedness of the Mortgdgor to the Mortgagce described herein or secured hercby~ the Mortg,agee is hereby subrogated to the lien or liens and to the rights of the ovmers and holders thereof of each and every mortgage, lien or other incumbra~tce on the land described herein which is paid andJor satisfied, in whok or in part, out of the proceeds of the laan described herein or secured ~ereby, and the nspective liens of said mortgaga, liens or other incum- brances, shall be and the same and each of them hereby is preserved and shaU pass to and be held by the Mortpgee herein as security for the indebtedness to the Mortgagee herein dacribed or hereby secured. to the suine extent that it w~s~d ha~rr been pneserved and would have been passed to and been held by the Mortgaaee had it been duly and regularly assigned, trans- terred, sei over, and delivered unto the Mortgagee by separate deed of assignment. notwithstanding the fact that the ssme may be satisfied and cancelled of rcrnrd, it being the intention of the parties hereto that the same wiU be satisC~ed and can- , cdled of record by the holders thereof at or about the time of the recording of thic mortgage. S. In the event the ownership of the mortgaged premises, or any part thenof, becomes vested in a person other than the Mortgagor, the Nortp~pgee may, without notice to the Mortgagor. deal with such sucassor or successo~s in interest with reference to this deed and the debt hereby secured, in the same manner as with the Mortpgor without in any way vitiating or dischar~ng the Mortgagor's liability hereunder or upon the debt hereby secnred. No sale of the premises hereby mortg,aged and no forbearance on the pan of the Mortgagee, and no extension of the time for the payment of the debt hereby secured given by the Mortgagee sha11 operate to release, diuharge, modity, change or affeci the original liability of the Mortgagor herein either in whole or in part. 6. The lien of this deed secures and shaU contin~u to secure payment of ssid indebtedness or indebtedness, however ~ evidenced, whether by said promissory note or any renewal or extension thereof or substitute therefor, or otherwise, until all f such indebtedness shall have been fully paid. ~ 7. /n the event Nre rnrntgagun se/1, corrvey or tmnsjer the martgaged premises during the lije oj this mortgage, then . ~ N~is ma?rgage s/rall, a~ tlre optiurr oj t/re ,tfortgagee herei?:, become immediately due and p~ayable jor the jul/ sum of the ~ prine•ipa! fwfv~rc•e anJ interest the~r due_ ~ 8. The terms "Mortgagor" and "Mortgagee" whenerer used in this instrument shall include the heirs, personal repee- ~ sentatives, successors and assigns of the respective parties hereto. Whenrer used the singular number shall include the plural and the plural the singular, and the use of any gender shaU include a!! genders. ~ ~ Sig , se e a e ered in e presence of: ~ ) ( . / ~ " Se ~ ' . r ~ ~ STATE OF FLORIDA ~ ~ COUNTY OF~ ~ St. Lu i~ ~ Before me person y appearcd IVORY TYLER and ESTHER LOUISE TYLER ~ his wife ~ to me wrll known and known to me to be the individuals described in and who executed ths foregoing instrument~ and ; acknowledged betore me thot they executed the same for the purposes thercin expresed. WITN hand and officisl seal ~ in the County and State lut aforesaid this 9th day of OCto r, 197,$. ; ' . ~ •r ' ! : ~ ~ , ~ ~ M Commission Ex ires: ~une 30 ~ 1979 Notary-P~?b1iE,=State of ~ y P - J ~ ~ - . ~ _ . - ~ ~ aoo~296 Fa~ s~ ~ , _ , ~ _ ~ _ . _ - . . _ r_t T