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Home My WebLink About1649 Our File S-44,181-6 thi+ rh.,rtKaKr ur ulhrr lransfrr of litlr lu Ihr murtKaKrJ pruprrty in rxtinguishmrnl of the inJrhtrJnc.+ +rrurrJ hrrrhy, atl right, title anJ interest of the T•turtKagur rn arrJ lu any in+uran.r p,lirir+ lhrn in toter +hall pa+x Ur Ihr pur+ha+rr .,r Kranrrr. (h) lu prrfurm, comply ++'ith anJ ahidr by rrch anJ rrrry Ihr slipulalN,u+, agtrrmrnt+, a,nJilM,n+ JiKI cuvruanl+ in +JiJ prunu+wry Hutt anJ in this JrrJ srl forth. li) Ihat if any of viJ +um+ of munry hrrrur rrlrrrrJ w Ix cwt prv,mplly anJ full)' part \+rthrn (dtrrn Ja>+ nr+t attrr Ihr wmr +r\aYJll> txcume+ Jue anJ payahk, or if ra.h JuJ r+rr) Ihr +ripu4+uum, agrrrmrnl+, a,nJil~,n+ JuJ a,rrrunh ..f +.uJ pr:,nu+w,rY Hutt anJ thi+ JrrJ, or rithrr, art cwt full) paYfurmrJ. +umplirJ ++ith anJ abidrJ hy, the wW JKKrrKalr +um mrntiunrJ m vrJ prunu+..u) Hutt +hcrll br- arme Jut anJ payahlt f.,rth\+rlh ur Ihrrraftrr at tlrr option of tlrr ~U,rtKaKrr as fully anJ a,mplrtrl) J+ if the criJ aKKrrKatr wm of viJ prumi.+.Ny rwtr \+a+urrKnrally +tipulatrJ N• hr pawl tin wih atry,anYlhing in vrrJ prunn+v,r)• croft ur hrrrw M the \v,ntrar) rwt\+uh+tandu,K. (t) That in orJer to accrlrratr Ihr maturity of the inJrblydnrss hxYrby +rcurrJ, hrc»u+r of Ihr failure of Ihr MurtKJKor U, pay any tax. a+uy+mrnt, IiahilitY. ohli6atiun ur rncumluanre up„n sail pruprrty, a+ hrrrin proviJrJ, it +hall out br nrrr++Jry ur ratitui+itr that Ihr murtKaKrr shall first pay the aamr. 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 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 indebtednea hereby secured. All 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, 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 torthwith upon its demand and be in addition to the regular monthly installments provided by the mortgage note. 3. That the abstract or abstraMs of title covering the mortgaged property shall at all times, during the life 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 purchaser or grantee. 4. To the extent of the indebtedness of th_ a 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 incumbrance on the land described herein which is paid and~or satisfied, in wfiole or in part, out of the proceeds of the loan described herein or secured hereby, and the respective 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 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 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. 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 v?ith 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 hereb}• mortgaged t f and no forbearance on the part of the ;1lortgagee, and no extension of the time for the payment of the debt hereby recur given by the Mortgagee shall operate to reiease, discharge, modif}•, 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 or any renewal or extension thereof or substitute therefor, or otherwise, until all such indebtedness shall have been fully paid. 7. In the even/ the rnurtgaKrrrs sell, rum~w ur tmnsJcr the nurrt~aged prcnriscs durirfR Nlc liJi• of this nurrt~uAe, Nren this nu?rigage slwt7, at the option of the dlurtgagee heroin, her<~nre immediately due mid ~orahle Jur the j(dl su(?r uJ the priru•ijw! twluncr o~Kl interest there due. r 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 used the singular number shall include the plural and the plural the singular, and the use of any gender shall include all genders. Sign sealed 've -the presence of: ~ Seal) (Seal . . a STATE OF FLORIDA ~ COUNTY OF AXI~IR~~ Before me per"~ona~jgappeared ANNIE LEE JONES , an unmarried woman to me well 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 hand and official seal in the County and State last aforesaid this 14th day Of March, 1979 . - - i I'lLEO ~NCI~RECORD~yED= My Commissinh ~x~iii~s 1979 Notary Public, State o orl ~ ei i ~ 438184 = • . , , i - '19 MAR 22 AM I i : 2 8 ~ ~ .,w• CLERK CIRCUIT COUi2T 30GK 5 racF1646 - _ _