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Home My WebLink About2393 Our File S-43x840-8 This m.xtraYe sir other Irartafrr sit title to Ihr murl~.ytrJ pruprtty in rsti~utuishmrnt of the itwlrhteJnrss ururcJ hrrrhy, aN rKhl, litk anJ interest of the M.xt~aKur in anJ lu any insutartre pinkies Ihrn in toter shsa pass to the purihasrr .x Kranlre. (h)lu prrfurm, comply with anJ ahiJr by rxh anJ rutty Ihr stipulatwms, arrrrmrnts, cunJilN.ns anJ cuvrn~nts in viJ prumiawry m.lr atxl in this JreJ set forth. hl 7 hat it any of said sums of money herein rrfrrrrJ w Iwe a?t promptly anJ fully paid within fiftrrn Jay+ nrstrftrr the wmr +rsrrally Meeomrs Jue anJ payable, or d rash anJ rsstty the stipulattom, aprrmrnts, p.nJdwats anJ cosr.unts of sail prumi+vxy note anJ this JreJ, or edhrr, air mN fully performed, a.mplirJ with anJ ahidrJ hy, the said a~rrratr sum mrntM~nrJ in .uiJ pn.mi+wry raHr shill he• i a.tne Jut anJ payabli forthwith or thrrrahet at the option of the !?1.H1Nasrr as fully anJ cumpletrly as if the viJ aRRrr6atr sum of viJ promisuxy ~xnr was orrRmally supulatrJ to br paid on surh Jay,anyt hirgt in said {romrivxy note sir herein w the roMrary r>,rMghstanJu><. UI -That in ..rder to accrlrrale the maturity of the indrbtrJnrss hrrrhy srcurrJ, hrpuse of the failure of the Murl`agur t:~ pay any tax, assr+smrM, liahifity, uMiNatiun or encumtxanre up.n sail property, as hrrcin providrJ, it shall not hr nrcrsury sir rryuisitr that the trn.rtgager shall first pay the same. -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 aU of those certain obligations required by the terms . hereof to be paid by the Mortgagor for the protection of the mortgage security or for the collection of the indebtedness hereby secured. AU sums so advanced or paid by the Mortgagee shall be charged into the mortgage account and become an i integral part thereof, wbject in aY respects to the terms, conditions, and covenants of the aforesaid promissory note, and this mortgage, as fully and to the same extent as though a part of the original indebtedness evidenced 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 3. to the regular monthly installments provided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged property shall at all times, during the Gfe of this mortgage, remain in possession of the Mortgagee and is event of the foreclosure of this mortgage or other transfer of tick to the mortgaged property in eictingtlishment of the indebtedness secured hereby, all right, title and interest of the Mortgagor in and to any such abstracts of title shay 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 lien or liens and to the rights of the owners and holders thereof of each and every mortgage, lien or other incumbrartoe on the land described herein which is paid and/or satbfied, in whole or in part, out of the. proceeds of the loan described herein tx secured hereby, and the respective liens of said mortgages. liens orother incum- brances, shall be and the same and each of them hereby is preserved and shall pass.to and be held by the Mortgagee herein as security for the indebtedness to the Mortgagee herein described or hereby secured. to the same extent that it would have been preserved and would have been passed to and been held by the Mortgagee had it been duly and regularly assigned, trans- ferred, set over, and delivered unto the Mortgagee by separate deed of assignment, notwithstanding the fact that the same 3 may be satisfied and tancelkd of record, it being the intention of the parties hereto that the same will be satisfied and can- 3 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 vested in a person other than } the Mortgagor, the Mortgagee may, 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 Mortgagor without in any way, vitiating or discharging 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, 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 continue to secure payment of said indebtedness or indebtedness, however evidenced, whether by said promissory note ar any renewal or extension thereof or substitute therefor, or otherwise, until aY ' such indebtedness shall have been fully paid. 7. /n the event the mortgagors sell, convey sir transfer the nwrtgrrged premises duri?tg the lije of dris mortgage, then this nlorfggge shall, at the option cj the Mortgagee herein, become immedidtely due arul p~aiable jut Ilte jut! soot of the principal GnGnx•e amt irrrerest then dire. ! 8. The terms "Mortgagor' and "Mortgagee" whenever used in this instrument shall include the heirs, personal repre- 4 sentatives, successors and assigns of the respective parties hereto. VYherever used the singular number shall include the plural and the plural the singular, and the use of any gender shay include all genders. _ S' ,sealed de ' the nce of: Seal) (Seal) - ~ STATE OF FIARlDA ~ COUNTY O~ ii - lieforsme p LrsorCially appeared j~j,$A WALLACE an unmarried woman to me welt known and known to me to be the individuals ~escribed in and who executed the foregoing instrument, and ~ - acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand and official seal 3 in the County and State last aforesaid this 29th day of January, 1979. } F1LE0-AND RECOROED~ ,1~' ~ LUCIE COUNTY: FLAT' - ~ :,;=COR(: `JF:RIE4ED Amy J ~ M7~ m~~~[Jp~n pi Notary Public, State of Flor~d~_ 8 r r ROGER ?Oi ; qA'~` ~ CLERK CIRCUIT COURT ~°ooK ~ l:ArciG~~ r