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Home My WebLink About0555 Our File 5-44,236-8 ~hia m~wlgagr or ulhrr Iraw(r~ u( tilk tu 1hr m~Ktg~g~J pruprny in ratinKwshmrnl ut ~hr in~lahtrJorc~ crcurrJ hrrcby, aM ryshl, t~Ue anJ inlrrrst uf Ihr AfortgaKur in arn1 tu any insurancc puliries Ihan in f~~rcr shall {+acs tu thr purcha~rr ur gr~o~~r. (h) f~~ prr(urm, a~mply with and abWr hy rach and rrrry Ihr sliputalN~na, aKrrrmrnl+, r.~nditM~m ~nJ av~vrnanls in vid prumi+wry nutr anJ in Ihis drrJ art turth. ~ 1 hal i! any of viJ .um. o( munr>• hrrrin rrfrrrrJ lu he ~w~t prumptlY ~nd (ully {+aiJ.~qAin f~ftre~ dr~. nr~~ attrr Ihr.ainr .rcrrall~ . br:omtx Jua and p~~ank, ur 1~ iJl'II JOII r~~y thr ~tipu4Uum. a6rrrmrnlc. ronJ~lM~n~ ~nJ ro~r~unl. ui v~J ptum~.v~ry nnlr an~l ~h~~ Jrrd, or rilhrr, arr iwl fully pr~(urmed, cumpllyd Hilh and ah~drJ hy, the.aiJ a~ra-~[a1e ~um mentN~nrd m v~d prumi..ury nutr .h~ll 1+r ~v~me Jur :?nJ payablr for~h~~nh or ~hrrrafter ~t IIK oplii~n of Ihr At~~r~gaarr as fully anJ r~~mpleirly if thr viJ aggrrEatr wm ~~f vW {xumi~wry nulr ~~a~ ~iginally ~tipul,ittJ to br paiJ ~~n such ~FrY.~~~ything m vHl {rumnw~ry nu~t ~K hrrru~ tu thr runtrary ~w~~~~~h~t~odl~qt. (j) Thal in orJrr to accrlrr-rtr Ihe maturily uf Ihr in~rblyd~rLC hrrrby crrurrd. Araausr of 1hr (ailu~r uf thr Murlg:ysur tu {+ry ~ny t~x, r..r..mrnl, liability, ~?Migation or encumtaance u{r~n saiJ Muprrty, ac hrrrin prurid..tif, ~t +hall nut hr necr~vey ur rryui~ilr tA~t thr m.~rtg~grr sha0 first pay Ihr s~mr. 2. The Mort~agee may. at his option. and without waiving his right to accelerate the indebted~ss hereby secured , and to foreclose the same, pay either before or atter deliyueacy any or a8 oi those ce~tain ubligatiuns required by the termc hereof to be paid by the Mo~tgagor for the protectan of the mortgage security or for the collection of the indebtednecs hereby s~cured. AU sums so advanced or paid by the Mortg~gee shatl be charged into the mortg,age account and bec~me an integrat part thereof, subject in al~ respects to the terms. conditions, and covenants of the atoresaid promissory note, and this mortgAge, as fully and to the same exteat as though a part of the original indebtedness evidenced by said note and secured by this mo~tgage, excepting howevrr. thst saidsums shall be repaid the Mortgagee (orthwith upon its demand and be in addition to the regular monthly instaUments provided by the matgage note. , 3. That the abstract or abstncts of titk rnvering the mortgaged pmperty shall at all times, during the Gfe of this > mortgage, remain in possession of the Mortgagee aad in event of the foreclosure of this mortgage or other transfer of title to - the mortgaged pcoperty in extinguishment of the indebtedness secuted hereby, all right, title and interest of the Mortg,agor in and to any such abstracts of title shaU pacs to the purchaser or grantee. 4. To the extent of the indebtedness of the Mortp,agor to the Mortgagee described herein or secured hereby, the Mortg,agee is hereby subrogated to the lien or liens and to the rights of the owners and holde~s thereof of each and every ~ mongage, lien or other incumbrance on the land described herein which is paid and/or satisP~ed, in whole or in part, out of the proceeds of the laan described herein or secured hereby, and the respectiyr liens of said mortgages, liens or other incum- brances. shall be and the same and each of them hereby ic pres~rved and shall pass to and be held by the Mort~gee herein as security for the indebtedness to the Mortgagee herein described or hereby secured, to the same extent ihat it would have been preserved and would havr been passed to and been held by the Mortg,agee tiad it been duly snd regularly a~igned, trans- ferred, set orer, and delirered unto the Mortgagee by separate deed of assignment, notwithstanding the fact that the sanx 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 hdders thereof at or about the time of the recording of this mortgage. S. In the event the ovmership of the mortgaged premises, or any part thereof, bec~~mes rested in a person other than ; the Nurtgagor, the Nortgagee may, without notice to the Mortgagur, deal vaith 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 vitialing 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 Mottgagee shall operate to releace, discharge, modify, change or affect the original liability of the ~tortgagor _ herein either in v?fiole or in part_ 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebtedness, howrver eridrnced, whether by said promissory note or any renewal or extension thereof or substitute therefor, or otherwi~e, until aU such indebtedness shall have been fu0y paid. ~ 7. b~ the c vent the mortgagurs se[l, co?rvev ur transJri Nie moilgagec! p~c~niscs during !he liJi~ nj dris nr~~rt~uec, d~en ~ this mor~gage slmll, al the up~icnt oj the tilor~gagee hcrein, hcrun~e imnreJiatelv due aiul ~?•ahle j~r thc ~idl sir?r~ ~~f tlrc principal holu~tc•e a~x! inte~est ~heir due. ~ 8. The terms "Mortgagor" and "Mortgagee" whene~~er used in this instrument shaU include the heirs, persunal repre- ~ sentatives, successors and assigns of the respective parties hereto. Wherever used the singular number shall include the plural € and the plura{ the singular, and the use of any gender shall include all genders. ~ t 4 E ~ / ~ p 4 Sign , sealed live in ~ presence of: ' ~~~~~~h~ Seal) ! ; i 'ISeall ~ ~ ~ s ~ ~ ` STATE OF FLORIDA ~ - COUNTY OF ~XI~K BeforSe me I'r on~ a~red WILLIE L. DENNIS an unmarried man pe Y PP ~ ` to me well known and known to me to be the individuals described in and vrfio executed the foregoing instrument, and ; acknowledged before me that they executed the same for the purposes therein expres~ed. WITNESS my hand and official seal in the County and State last aforesaid this 17ti1 C~8~1 of Mareh, 1979. 5 My Commission Expires: JuII@ 3O, 1979 Notary Publi~, State of F dri ~ 'i~ rge ~ • , k _ c, _ i . ~ ac~~ ~0~ ~ ~.,.f 555 ~ : _ ~ ~ 4 ~ ~ ~'A~. . . . , , . . _ . . _ c~.: _ . ~