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Home My WebLink About0883 Our File 5-43,293-0 Ihu m~wl~a~e ut otArr Ir~nsfer ot litk tu the mixl~arrd ptopetty in eiUn~uuhment of the inJcMrJnrss srcutrd hrrehy, sM rKAI, titk and interesl of Iht M~xlp~u~ in snJ lu any i~surance p~lkies lhen in f~~rcr ahaU pau lo lhe purcAaser ~K ~ranlrr. (h)To perform, cumply wNh snJ abiJe ~y enA •nd rve~y Ihe slipulrtw~ns, a~rcemenls, rondnM~ns anJ cuvcoanis in a~iJ pwmisr~ry no~e aM1 io ~his JeeJ set forth. (i) Ihst ~r ~~y or L~ sums of mi~~ay AaYe~n trfr~rrd tu he ~w~t prun~plly anJ fully pa~d wUh~n f~flrtn J~Y~ ne~t afler thr ~ame xvaslly . brromts Jue and payahk, or ~f tach rnd evrry Ihe ~I~pul~ta~m, a~rtemenh, ~~~11A11M~~1\ JO, corr~unh of w~J {rum~.v?ry nulr and Ihis detd, ur rilhrt, art rn~t fully ptrf~xmed, .ompl~rJ wilh ~nd ~h~drJ Ay, Ihe .aK1 ak~e~a~r .um meMM~ned ~n v~J pr~~m~.a~ry nute ~hai1 ne- rome dut rnd payable fixlhw~th o~ Ihereaftet rl the up1N~n o( 1hr AturlRa~er as fully anJ a~mplrlely a~ if ~he u~d eRRrrpte.um i?f ~aKf prom~sxNy M~~r wascxqtmallY sUpulaled u~ At pawl on su.h ~Ly.anythin~ m s~K1 prum~sx?~Y no~e ~K haem lo Ihr.v~mrrry nntwi~halanJirK. U) That in urJrr to arcrlrr~tr thr maturrty uf Ihr inJr~~rJnc~c ArrrAy .rruaJ, hecaucr uf Ihr (a~lurr uf /hr Mur~~a~ut lo pyY any lat, assa~smrnt. 6ah~l~ly, ubG~t~tN~o or rnrumMance up.n said pruprny, r~ hrrrin pruvidrJ, it shsll n~A Ar nrcrieaty u~ rryuisite that tAr mur~t;qtr~ sh~tl tirst pa~• thr s:~mr. 2. The Mortgagee may, at his option, and without waiving his right to accelerate Ihe indebtedness hereby secured a~d to foreclose the same, pay either betore or after deliquency any or all of those Ce~tain oblig~tioas requircd by the ternu _ hereof to be paid by the Mortgagor tor the protection of the mortgage security or for the collection of the indebtedness hereby secured. All sums so advsnced or paid by the Mong,agee sha8 be charged into the mortg~ge aceount and become ao integral part theoeof, wbject in a8 respects to the ternu, conditans, and covrnants of the aforesaid pmmiscory note, a~d this martg~ge, as [ully snd to the ~me extent at thoug~ a part of the original indebtedness evidenced by said note and secured by tha mo~tgage, excepting howevrr, that said sums shall be repsid the Mo~tgagee forlhwith upon its demand and be in additaa to the regular monthly instsQments provided by the mortg~ae note. 3. That the absiract or abstracts of titk rnvering the morig,aged pmperty shall at aU times, during the 6te of this mongsge, rcmain in possession of the Mortgagee and in event of Ihe foreclosure of this mortgage or other tnnsfer of titk to the mortgaged pmpe~ty in extinguishment of the indebtednas secured hereby, al) right, titk and interest of the Mort~pgor in and to any such abstracts of titk sha0 pass to the purchaser or grantee. 4. To the extent of the indebtedness of the Nortgagor to the Mortg,agce described herein or secured hercby, the Mortpgee is hereby subrogated to t#~e lien or liens and to the rights of the ovmers and holders thereof of esch and tvery mortgage, Gen or oth~r incumbrance on the land dacribed hercin which is paid and/or satisfied, in whok or in paM, out ot the prooeeds of the loan described herein or securcd hereby, aad the respecti~e liens of said mortgages, liens or other incum- ' bnncYS, shall be and the same and each of them hereby is preserved and shall pass to and be held by th~ Mortg,agee herein ~s security for the iadebtedness to the Mortgagee hccein described or hereby sccured. to tht same extent that it would have been preserved and would have been passea to and been held by the Mortgagee Iwd it been duly and regutarly assigned, trans- - ferred, set over, and delivered unto the Mortgagee by sepsrate dced of usignment. notwithstanding the tact that the same may be satictied and cancelled of record, it being the intention of the parties 6ereto that the same will be satistied.and can- celled of record by the holders thereof at or about the time of the recording of this mortgage. 5. In the event the ownership of the mortgaged premises. or any part thereof. becomes vrsted in a person other than the Mortgagor, the Nortgagee may, without notice to the Mortgagor. da) with such sucoessor or successors in interest with reference to this deed and the debt hereby secured, in the same manner u with the Mortg~gor without in any.way vitiating or discharpng the Mortg,agor'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 tor the payment of the debt hereby secured ~ given by the Mortg,agce shall operate to release, discharge, modify, change or affect the originsl Gability of the Mortgagor herein tither in whok or in part. ~ 6. The lien of this deed secures and shaU continue to secure paymext of said indebtedness or indebtedness. hovrever eridenced, whether by said promissory note or any rcnewal or extension thereof or substitute therefor, or otherwise. unt~ ad such indebtedness shaU have been fully paid. ~ 7. !n the e?~enr the mungagurs se!!, convey or tmnsjer the mvrtgaged premises during dre lije njthis mortgage, then Nris nrortgage shal/, a~ tlre optivn oj ~Ire ,'1Jortgagee herein, become immediately due and payah/e jo~ the jul! sum oj the pri~iripal bala~rce a~kl interest then due. 8. The terms "Mortgagor" and "Mortgagee ' when~Ner used in this instrument sh~ll include the heirs. personal repre- sentatives, successors and assigns of the respective parties hereto. Wherever used the singular number shall include the plural and the plural the singular, and the use of any gender shall include all genders. ~ Sig , seakd a Gv ' the p nce of: Seal) ~ / ~ 1 . i STATE OF FLORIDA ~ COUNTY ~ ~ Before me persona~ly aPpeared NATHANIEL WILLIAMS and ELIZA WILLIAMS ~ his wife to me wrll known and known to me to be the individuala dacribed in and who executed the foregoing instrwnent, and - acknowledged before me that they ezecuted the same tor the purposet therdn expreaeed. N?[7NESS my hand and offici»I seal in the County and State last aforesaid this 2 7th d8y of November, 1978. , t•:~~•. ~ ' ~ ..~Vr?~~ `~~S• ~ ; •;.~-v tt~, G: My Commission Expires: =hme~ _~n 1979 Notuy Public, Sbt of = s . . ~ - J ~M ~ _ ' 6 PA+I 3 ' 06 . ~ ' ~ . ~ i ~ C~_:: . . ~~i480 r, k ~ ~,s ~~~.x 299 ~cE 883 . . ~ . ~ c! .:i•!'' . ! - - - - _ _ _