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Home My WebLink About2828 Our File 5-43,854-9 .this mrxtratte ~?r ulhrr Iransfrr ut tilk to Iht murtNaNrd pruprtly in ralir?`uishment of the indehtrJnra secured hrrrhy, aN riNht, tllk and interest of the McK1NaRur in and to any insuranra policies then in fear shall pass to the purchaser rx Rrantre. (h)7'o petfurm, nrmply with anJ abide by each and every the stipulatK?ns, aNrrrmrnts, curiJitMrns arwl sY?vrnants in said promiswty note and in this deed art forth. (i? 'that if any of srid sums of money herein referred w he not pcomplly atJ tally paid within fifteen days neat otter the same severally bes'omes due and payahk, or it each and curry the alipulatN~ns, aRrrrmrnls, cunditarns gall cavrnanh of said prumisvxy note and this deed, or rithtr, are nut fully pertormrd, complied with and abided Ay, the said aarepte sum menlN~nrd in sail pmmisM~ry note shall be• come due and psyahk t~xthssith ~x thereafter at the oplK~n of tht MorlNaNee as fully am! svmplrtrly as if the said a~trr~atr sum of said promiss~xy note svasoriNinally stipulated to be paid on such dsy,anythitK in said promiswry elate rx herrit?to the avrntrary ~K~tsvilhatandit~. (j) That in order to accelerate the maturity of the indebtedness hrrrhy secured, bequse of the failure of 1Mr Murl~a~ur to pay any tax, assessment, liability, ohliption or ertcumlxance open said pwperty, as herein pn?vidrd, it shall nw hr nrcrsvey ur reyuisile that the m.xt6a6ee 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 ddiquency any or aQ of those certain obligations required by the terms hereof to be paid by the Mortgagor for the protection of the mortgage security or flu the collection of the indebtedness hereby secured. AU sums so advantxd or paid by the Mortgagee shall be charged into the mortgage account and become an integral part thereof, subject in cep respocts to the terms. conditions, and covenants of the aforesaid promissory note, and this mortgpge, as fully and to the same extent as though a pout of the original indebtedness evidenced by said note geld secured by this mortgage, excepting however, that said aorta shah be repaid the Mortgagee forthwith upon its demand and be in addition . to the regular maathly instaWnents provided by the r~lortgsge note. 3. That the abstract or abatncts of title covering the mortgaged property shall at cep times, during the fife of this mortgage, remain in possession of the Mortgagee and in event of the fort:dosure 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 soy such abatrscts 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 Ikns and to the rights of the owners and holders thereof o[ each and every mortgage, lien or other incumbrance_on the land described herein which is paid and/or satisfeed, in whole or in part, out of the proceeds of the loan described herein or secured bercby, and the respective liens of said mortgages, liens or other incum- brantxs, shall be and the same and each of them hereby is preserved and shall pass to and be held by the Mortpgee berein ss st:cwity for the indebtedness to the Mortgagee herein described or hereby secured, to the same extent that it world have been preserved and would h:ve been passed to and been held by the Mortgagee had it been duly and regularly assigned, tratu- terred, 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 the same will be satisfied and can- celled of record by the holders thereof 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 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 nc ••xtetuion 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 secutrs 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. i 7. /n the event the mbrtgagurs sell, convey ur tmnsjer the mortgaged premises during the lije nj this murtRage, then [his mortgage shall, at the option of the Mortgagee herei?:, become immediately due and payable jnr the jidl sum of Nee principal balanie o?td interest then due. 8. The terms "Mortgagor' and "Mortgagee"whenever used in this instrument shall include the heirs, personal repre- sentstives, successors and assigns of the respective. parties hereto. Wherever used the singular number shall indttde the pltual ~ and the plural the singular, and the use of any gender shall include all genders. I S' ell, sealed t in • presence of: V Seal) (Seal) 9 - - t STATE OF FL~AR~IDA ~ _ couNTY St . Lu iee Before me persontlUy alypeared CHARLIE REEVES • JR, and SHIRLEY REEVES his wife to me well known and known to me to be the individuals described to and who executed the foregoing instrument, and acknowledged before me that they executed the same for the proposes therein ex . WITNESS my hand and official seal in the. County and State last aforesaid this 29th day of December, 978. Ep D REOORD , ~ FtLEO ~ ~~VIJTY~F~.. _ _ - - My cotn`~iMilEzpir+~~~Ude 30. 1979 Notary Public, State of _ _ • _ I ~ • ~ i p . 1~ nR,~ t ~:Fl :t: ~tCj~i t••,,~r $~M~~ •AIC~C t C! ~ f : ~