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Home My WebLink About0566 5-44~239-2 ~ lhic m~Ktgagr ur ulhr~ Iramfrr ot litk tu Ihr m~wlgagrJ pruprrty in rKUnKu~shmrnl Ihr irwlahtrdnrcc srcu~rJ hrtrhy, all rqthl, titk ~nJ intrtrst uf Ihr Murt~tagor in am1 lu any insurrnrc pulkies Ihrn in furcr shall pass tu Ihr purch:~srr ur grai~~~r. ~h?Tu prtfurm, a~mp1Y µ'~~h auJ ~hiJr by tarh •rnJ rvrry Ihr stipulalw~ns, rKrrrn~rn~s, cunJilw~ns ~nJ ~ti~vrn~nh in .aid prumisuiry note and in thix drrd srl (urlh. (i? 1 ha! if any o( tiN! ~um~ .~f munry haYrm rr(errrJ lu hr ~r~t p~umpUy anJ fully ~u~J ~~~hin fif~ran J~~~ nr~~ rfirr Ihr vnx ~rvaYalb' bri•umrs due and pa~'rhk, ur if rrrh ~nJ tvrry ~hr .lipulaUon.. ~Rrr.mrnh. a~nditN~n, and ruvriunt~ uf w~d ~x~.mi.wry nu~r anJ thn drrd, or rithrr, arr ~rH full~ paYturmrJ, a~mplird wilh anJ abideJ hy, tht ~riJ ~~nyutr ~um mrnu~~~irJ in viJ prum~~wry nulr.h•rll 1+t~ cumr dur ~nd p~yablr fortM~ilh or Ihrtrailcr at thr oplion of Ihr ~1ur~gaErr a+ full~• anJ cumplrtrly ~+if th. v~J ag~trtgatr .um uf uid ~ramicwry nulr ~~asix~~nally UipulalrJ t~~ br paidon ~urh ~y, aoYthmg m+:ud pri~muu~ry nut~ or herrin to IAr.ti~ntraty ~wt~c~th~tanJ~ng. (j) Ihat in urJrr to arrrlrratr Ihr maturily of Ihr inJrbtrJnrss hrrrby ~raurrd, he~ausr ~~i 1he failurr uf Ihr Murlg:~ur Iu pay any ?ax, scsr.zment, IiaAilily, ~~hligatiun or eocumtxaoce up~n wW pruprrty, hr~rin pruviJrJ, it +hall n~N br nr.a~vey ur rryui~itr tAat ~hr murtg~~err shall first pay thr same. 2. The Mortgagee may, at his option. an~ without waiving his right to accelerate the indebtedne~s hereby secured and to foreclose the same. pay either before or after deliyuency any or all of those ceNain ubligation~ required by the terms , hereof to be paid by the Mortgagor for the protection of the mortgage security or (or the collection of the indebtedne~ hereby secured. All sums so advanced or paid by the Mortg,agee shall be charged into the mortgage account and become an integta) part therrof, subject in ap respects to the tem~s, rnnditions, and cov~enants of the afoeesaid promissory note, and this mortgdge, as fully and to the same exteat at thoug~ a part of the original indebtedness evidrnced by said note and 9ecured by this mortgage, excepting howerer. thst said sums 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 rnvering the mortgaged pmperty shal~ at all times, during the Ufe of this mortgage, rema+n in possessi~n of the Mortgagee and in event of the toreclosure of this mortgage or other transfer of title to the mortgaged property in extipguishmmt 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 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 thereof of each and every mortgage, (ien 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 Mortgagec 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 pas9ed to and been held by the Mortgagee had it been duly and regularly a~igned, trans- ferred, set over, and deli~ered unto the Mortgagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled ot 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 ov?~nership of the mortgaged premises, or any part thereof, becumes vested in a person other than the Mortgagur, the ~tortgagee may, without notice to -the Mortgagur, deal with such successor or successors in interest with reference ta this deed and the debt hereby secured, in the same manner as wilh 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 n~ ~~tension of the time for the payment of the debt hereby secured given by the Mortg,agee shaU operate to release, discharge, mudify, 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 indehtedness or indebtedness, how~ever evidenced, whether by said promissory note or any renewal or extension thereof or substitute therefor, or otherwise, until all ~ such indebtedne~ sha0 have been fully paid. ~ 7. In tlre er•ent the mortgagun scl1, curtr•e}~ ur Iransjcr thc nroilgaged prenuscs Juring ~hc /iJe nj t/ris mnitqagr, thcn ' ~his mortgage slwfl, at the option oj ~he ~Nu~tgagec hcrein, becunrc inrnrediutelv Jiic o?td pa?•ahle fr~r !he Jul! scrnr ~~f thc j pri~tc•ipal ba/uirce anJ iaterest then due_ f ! 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, perwnal repre- ~ sentatives, successors and ascigns of the respective parties hereto. Wherever used the singular number shal! inelude the plural ~ and the plura) the singular, and the use of any gender shall include all genders. d ! ~ Sig , seale and liv in ~th presence of: ~a~) ~ ~ ~ (Seal) ~ ~ . - ~ ~ ~ > ~ STATE OF FLORIDA ~ ~ ' : coulv7`YOF~ ~ JOYCE ARLENE MORSE, a married woman, formerly - ~ - Before me1'personally appeared known es JOYCE ARLENE GWINNUP ~ to me well known and known to me to be the individuals described in and who executed the ioregoing instrument, and acknowledged before me that they executed the same for the purposes therein expressed. VYITNESS my hand and official seal ; in the County and State last aforesaid this 17th day of MSY'Ch, 1979. ; ~ ~i , < My Commission Expires: Jui16 3O ~ 1979 Notary Public, State of ` _ e ~ ~ = . • . . _ ' { z - . _ ~ * UD . g~,.K 306 ~~;E 566 3 z R 5 a ~~"s. . _ . . - _..,r1