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Home My WebLink About2396 Our File 5-43,842-4 this mrrtY:yle rn-utbrr Irrnsfer of title !o the m~Kt~.grd pnrprrty in rxtin`uuhmrnt err the inJrblrJnrv :rcurrd hrrchy, aN riNhl, title and interest of the MrutraKur in and to any insurance pulwies then in forer ahaN pass to the purchaser ~K rranlre. Ih)7o perform, n~mply with anJ abiJr by each and every Ihr stipulatM~ns, attrremrnts, conJitMrns arKl covenants in said prumiswry note and in this deed sal lorth. , lit that i! any of said sums of money harm rrlrrrrd to I+r rtot promptly and fully paid wghmldtrrn day. next aGrr the wine +r+rrally becomes due and pa)ahb, or if each and every Ihr +tiputatr~m, aNrrrmrnts, p~nddM~o+ and covrnani+ of viJ prund+M~ry note and this dyed, or either, •rrr iwt fully performed, complied +xith and chided hy, the vid atytraytatr wm mrnte~nrd in v~J promrwrY mHr .hall I+t come duernd payaMr f~ath+xrth or thrrralta al llte option of the A1url~aNer as fully and c+~mplrtrl) a+ i! the vid a«rrgatr wm u! vid Y promissory teNe ++as rxisinally stipulated lobe paid on such day, anythinN in said promiswry r?otr ~K htrem to the c.~ntrary ~wrt~xithuanduer. 12) That in order to accelerate lhr maturity of the indebtedness hrrrhy srcurcd, Atause of the failure of Ihr MorlNa6r~r to poy an)• lax, assessment. liabihty, obli=at ion or encumhrance~ upon said property, as herein pnwidrJ, it shall nrd hr nrcr>sary or rryuisitr That Ihr mortpagrr shall first pay Ihr same. - 2. The Mortgagee may. at his option, and without waiving his right to accelerate Ibe indebtedness hereby secured and to foreclose the same. pay either before or after deliquency any or all 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 rnUection of the indebtedness hereby secured. AU Gums so advanced or paid by the Mortgagee shall be charged into the mortgage account and bernme an integral part thereof, subject in a8 respects to the tams. conditions. and covenants of the aforesaid promissory note, and this mortgage, as fully and to the same extent as though a put 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 to the regular merltlJy installments provided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged property shall at all times, during the Ufe of this mortgage, remain in possession of the Mortgagee and in event of the foreclosure of this mortgage or other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all right, title and interest of the Mortgagor in and to any such abstracts of title shall pass to the ptuchaser 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 tbe owners and holders thereof of each and every mortgage, Uen or other incumbraltce on tbe land described herein which is paid and/or satisfied, in whole or in part, out of tale proceeds of the loan described herein or secured hereby, and the respectivs liens of said mortgages. liens or other 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 world 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 may be satisfied and cancelled of record, it being the intention of the parties hereto that.tbe same will be satisfied 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 vested in a person other than the Mortgagor, the Mortgagee may, without notice to the Mortgagor, deal with such successor or sucxessors in interest-with reference to this deed and the debt hereby secured, in the same manner as v?~th 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 nn ~tetuion of the tune 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 decd secures and shall continue to secure payment of said indebtedness or indebtedness, however 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. ~ !n the event flee mortgagors sell, convey ur transjer the nwrtgaged premises During the 6je ~~jthis mortgage, Ihen this mu?tgvge shall, at the opticin of the Mortgagee herein, bec•onle nrlmeJiate/v due and privable jor the Jill sum nj the ~ principal baJaru•e mtd interest then due. S_ The temu "Mortgagor" and "Mortgagee" whenever rued in this instrument shall include the heirs, personal repre- t sentatives, successors and assigns of the respective parties hereto. Wherever used the singular number shall include the plum) ~ and the plural the singular, and the use of any gender shall include all genders. _ S• , Sack in - e presence of: Seal) 'K"~~Seal) STATE OF FIARIDA ~ - COUNTY t . Lu C e~ e &fire me personally appeared JAMES PITTMAN and LEONA PITTMAN, his wife - to me well known and known to me to be the individuals described in and who executed the foregoing instrument, and acknowledged bef~i+e"me that they executed the same for the purposes therein expressed. WITNESS my hand and official seal in the County and State last aforesaid this 29th day of January, 1979. . c~t_ED aND RECDRDEO~ ~sCIE COUNTY, FLA. ,,.~'i~`t~ ^ ~111~Q!~A 1979 Notary Public;'~tste~tif,~~ e My Commission .1E t J. - '79 FEB S PM F2 ~ 4 _ ~ ~ .U x CLERK CIRCUI i ~OURz BOOKJV~ !'AGf~N)a7ll '0, 3 - - j ~,,J - -