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Home My WebLink About1953 Our File 5-44,313-5 this m.rrtgagr ur othrr tranatrr of titlr to thr murlKrgrJ pnrprrly in rstinKuishmrnt ut Ihr i~wlrhlrJurs++raurrJ hrrrhy, rU nght, tiUr anJ intrresl of thr AtrKlgagur in and lu any insurrnrr p~lirirs Ihrn in furry ahrll pass w thr purchrarr ur Krrntrr. Ih) lu prrfurm, iirmply ssith rnJ ahiJr by ra:h rnJ rwry thr supulalNrm, agrrrmrnts, tunatiteros std arvrnrnf\ in ~riJ prumnsury nutr anJ in this JrrJ srt forth. lil 1 hat d any ur viJ wms of munry hrrrin rrfrrrrJ to br tKrt prumptl> rnJ fully priJ sarthin idtrra Jr>. nrvt rltrr thr wntr ararrrll) hr:umes Jut rnJ pa)rhk, ur if rr:h anJ tarry Ihr atipuLrtwns, rRrrrmrnh. arnJ~tMrm auJ :u\r~unt+ of ..uJ txunu.uuy_-rtutr anJ this JrrJ, or eithrr, art rwt full) prrfurmrd, :umptirJ ssith anJ ahdrJ hy, thr wiJ aggrrgatr wm mrnlNmrJ u~ vd prnm~sur) nutr .hill Ar cumr Jut anJ pryahlr GKth\vith ur tlrrrraftrr al thr uplN~n of thr \1urtKrgrr as fully anJ cumplrtrly r. if Ihr,cnJ rgKrrlCatr .um of vd I>rumisvrry rwtr ssasrrtrguully supulrtrJ a. he pad on such rtry,anylhirrtt m and promsawry ruNr nr hrrrm to thr:nntNf) IMH\Uth+I:/IlJlllg. U? Ihat in orJrr to accrlrrrtr Ihr mrturily of thr indrhtrJnrsa hrrrhy ar:urrJ, Aru-rust of thr failurr of thr MurlgalCur to fu) any la*, rasrament, liability, ohligrtirrn ur rncumhranrr uprn aril pruprrty, rs hrrrin pruviJrJ, it shall n.A hr nraravn~ ur rryuivlr That thr rtNrrtgagrr shall first pay thr samr. 2. The Mortgagee may, at his option, and without waiving his right to accelerate the indebtedne~ 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 indebtedness hereby secured. 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, conditions, and covenants of the aforesaid promissory note, and this mortgagr, as [uUy 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 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 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 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, Gen or other irlcumbrarlce on the land described herein which is paid and/or satisfied, in whole 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 wotdd 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. 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 v?ith such successor or successors in interest with reference to this deed and the debt hereby secured, in the same manner ac 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 no extea+ion of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to release, discharge, modify, change or af~'ect 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 otherwie, until all such indebtedness shall ha~-e been fully paid. ' 7. bf the ef•ent the nrurt~uKrrrs sell, cunre?~ ~?r transJi~r tine nu?rtgaged prenltses Juri?rR the liJi~ rrj this nu?rtxagc, then Ntis nurrtRgge shall, at the option r)J~ tlm .t/urtRaRe~e herein, herr?nu~ i?nr?redrutelf• due and /b?~ahlc )~,i the Jnll sum r,j the priltt'ipal twlaltre urrJ interest then chin. 8. The terms "Mortgagor" and "Mortgagee" vrhenever used in this instrument shall include the heirs, personal repre- sentatives, successors and assigns of the respective parties hereto- IYherever used the singular number shall include the plural and the plural the singular, and the use of any gender shall include all genders. 4 Sig sealed a "ve - e presence of: Seal? f ' STATE OF FLORIDA ~ COUNTY O~~~ ~~gg Beforetmeper onallyappeared ROBERT A. WEBB and DONNA J. WEBB, his wife to me well known and known to me to be the individuals described in and who executed the foregoing instrument, and acknovyledged 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 27th day of February, 1979. . My Commission Expires: Jurie 30; 1979 ~ ~--Notary Public, State of F Or Y e `~y,g n.a n~ - i 3Va~V . = ' ~ R 1951 _ ; • ~ - : _ 80GK ~ PACE J x ~