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HomeMy WebLinkAbout1680 Our File 5-43.887-9 this m,wtra`r ut uthrr trans(rt ut title to the nt.,rla:,Yrd pruprrty in rstinsuishment of the indrhtrdnra~ srcutrd hrrrhy, all right. title and inlrrest of the Meutpgur in and to any insurance p,licirs then in force ahaq pass to !hr purchaser ur grantrr. (h)Tu perform, n,mply with and abidr by rash anJ curry the stipulatN,na, agrrrmrnts, cunditN,ns and covenants in said promissory note and in this deed set forth. (i) that it any of mid sums of money harm rrtrrred H, be nut promptly and fully paid within tiftera Jay. oral after the name arrerallY becomes due and payable. or it each and rvrry the stipulations, aRrermrnts, conditions and covenants of said promi~wry nmr and this dyed, or either, are oot fully performed, complied with and abided hy, the raid agarcgatr sum menlN,nrd in sail pn,miss„ry m,te shall 1,6 tx,me dur and payable torthssith or thereafter at the opta?n or the M„rt6a~ee as fully and complelrly as if the aid agRregale sum ut said ptomissory note wvsoriainally stipulated to be paid on such day, anything in acid promissory notr.x hetrin u, the asntrory notaaithslandin<. (j) That in order to accelerate the maturity ur the imlrbtrdness haehy secured, bemuse ut the failure ur the Murtpgur to pay any tax. assrssment, liability, ohliaalion w encumbrance upon said properly, as herrin prurWrd, it shall n.,l hr necrssary ur rtquisite that the rrN,rtgagee shall fiist 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 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 collection of the indebtednt~ hereby second. AU sums so advanced or paid by the Mortgagee shall be charged into the mortgage account. and become an integral part thereof, subject in all respects to the terms, coaditloas, and covenutts of the aforesaid promissory note, and this mortgage, as fully anal 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 rwns shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regular monthly installments provided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgt>sed property shall at all times. during the bfe of this mortgage. remain in posstxsion of the Mortgagee and is event of the foreclosure of this mortgage or other transfer of title to the mortgaged property in extinguishment of the indebtedness second hereby. all right, title and interest of the Mortgagor in and to gay such abstracts of title shall pass to the purchaser or grantee. 4. To the extent of the itldebtedaess 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 thereoi of each and every mortgage. lien or other incumbrance on the land described herein which is paid and/or satisfied, in whole or in put. out of the proceeds. of the loan described herein or secured hereby. gad the cespectivte 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 tbe Mortgagee herein as security for the indebtedness to the Mortgagee herein described or hereby secured, to the scone extent that- it vvonld Gave been preserved and would have been passed to and been held by the Mortgagee bad 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 rernrd, it being the intention of the parties hereto that the same will be satisfied and can- celled of record by the hollers 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 notke 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 vray vitiating or dischugang the Mortgagor's liability hereunder or upon the debt hereby secured. No sak.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. ti. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebtedness, however j evidenced, whether by said promissory note or any renewal or extension thereof or substitute therefor, or otherwise, untt~ all such indebtedness shall have been fogy paid. ~ 7. /n the event the mortgagors sell, convey ur tmnsjer the nro>•tgaged premises during the life njthis mortgage. then ! this nrartgage shall, at the option of the Mortgagee herein, become inrmedurtely due cord payable jor the jolt Brun of t!?e pri?:cipat balurxe and interest then due. 8. The terms "Mortgagor' and "Mortgagee" whenever used in this instrument shall include the heirs, personal repre- sentatives, successors and assigns of the respective parties hereto. Wherever iced the singular number shall include the plural and the plural the singular, and the use of any gender shall include all gende/~rs. !.~ilci>rw e. Sean Signed d ' e e presence of: ~C~! ~ (Seal) STATE OF FLORIDA ss - couNTVOF~X~C ii THOMAS E. CONBOY, an unmarried man, and Before me persona~y appeared DOROTHY E. CONBOY, as unmarried woman to me wdl known and known to me-to be the individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my and official seal in the County and State h)s id this 5th day of February, 1979. ~ FILEO AN~C~N~~D~~ LuctE ;r~., F~~S , My Comm' ioa,~pi~ , 1979 Notary , r~State of ~ - e I~ Fib ~ y ~m r y~. ' . . •O< ` CLERK.CtRCt31T COURT ~~1303-~E1678 - - - ___r.________._ _ _ . ~ -