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Home My WebLink About1352 Ihi+ m„rlgaKr ur ulhrt harotrr ut Iitlr w Ihr nu,rlteJKrJ pn,prrty in rxtingul+hmrot thr inJrhlrJnr++ +r\urrJ hrrrby, JU nKht, tally aoJ inlrrrsl ur Ihr Mortgagor ut arNl lu Jny nt+uranrr plllkir\ Ihrn iu rurcr+hall pa+s w Urr punha+rr ur Krantrr. (h)lu prrfurm, r„mply \\'ith anJ ahnrr by rarh anJ rvrry thr stlpulatt„o+, agrrrnlrnls, .unJiti,uls a1tJ .uvri~+ m vIJ prumi+vuY nulr auJ in this JrrJ srt forth. UI f hat it any of viJ +ums of munry hrrrm rcfrrrrJ W br mH pr„Illplly a11J full) pJIJ \?Illlln Illlrrll JJ)+ Ilr\I Jtlrf lhr +.1lnr +r\rrJll) hrromr+ Jur JnJ pa>ahk, or it rarh JnJ r\rry Ihr +hpuL/uun+, agrrrntrnt., ronJitK,n+ and cu\rlunt+ .,t +:uJ prunu++/,r) o~,tr JnJ Ihi+ JrrJ, or rlthrr, Jrr Iw1 fully p\YfurmrJ, rumplirJ \\i1h anJ ahidrJ hy, thr uiJ Jggrrgalr +um mrnuunrJ m GIIJ pn,nu++un note +bJll hr p,mr Jur anJ payahlr iurth\\ith ur thrrraflrr at thr uphun of thr ~IurlgJgrr a+ lull) anJ a,nlplrtrl) a+iF thr .uJ Jpgrrgatr +um of viJ prumissl,r) nutr \\as unginally +tipuLrtrJ to hr pail ort w.h Jay, anyl hlnR In wIJ prunll+u,ry note or Ilrrrul a, thr CU lltraf INN\\11 h+lJ IIJ 1111!. t~? -that in urJrr to accrlrratr Ihr maturity ur Ihr inJrbtrJnrss hrrrhy srrurrJ, hraausr of lhr tadutr of Ihr Mortgagor to pr) any lax, . a++r~+mrnt, liahilily, uhligati/1n or en/:umtxanre upon sail pnlprrty, a+ hrrrin pnrviJcJ, i1 +hJll nut hr nrrr++arv ur raYlui+itr That Ihr murtgagrr shall first pay thr samr. 2. The Mortgagee may, at his option, and without waiving his right to accelerate the indebtednes, 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. 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 tully 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 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 the Mortgagor to the Mortgagee described herein or secured hereby, the - Mortgagee is hereby subrogated to the lien or ielu and to the tights of the owners and holders thereof of each and every mortgage, lien or other incumbrance on the land ribed herein which is paid and/or satisfied, in whole or in part, out of the proceeds of the loan described herein or secured by, and the respective liens of said mortgages, liens or otber incum- brances, shall be and the same and each of them hereby - preserved and shall pass to and be held by the Mortgagee herein as ' security for the indebtedness to the Mortgagee herein descri or hereby secured, to the same extent that it would have been preserved and would have been passed to and been held the Mortgagee had it been duly and regularly assigned, trans- ferred, set -over, and delivered unto the Mortgagee by sepa a deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it being the inten on of the parties hereto that the same will be satisfied and can- celled of record by the holders thereof at or about the time f the recording of this mortgage. 5. In the event the owr?ership of the mortgaged remises, or any part thereof, becomes vested in a person other than the ;Mortgagor, the Mortgagee may, without notice 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 ~ 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 ortgagee, and na extension of the time for thr 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. 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 otherv?•ise, until all i such indebtedness shall have been fully. paid. ` 7. /u the e1'erl! the rrr0/tRaRurs Sell, corrt•e?• ur transjcr the nu,rtga~ed premises during the lije ~,j Nris nrortYa.Qc•. the?r f this nu,rtgage stroll, at the option of the ,tlurtRagee hcrc•in, hcrunrc inrmediutelt• duc• and pavuhte Jur the Jrdl Burn nJ the principal l,aluucr and i?rn•rest them due. E 8. The terms "Mortgagor" and "Mortgagee" v?~henever used in this instrument shall include the heirs, personal repre- s 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 gende • ~ Sign ,sealed li in ~ presence ot: Seal? t 1 Seall STATE OF FLORIDA ~ cotnvTY OF HX~ ANNIE GILBERT, an unmarried woman, formerly St. Lu ~e Before me person y appeared known as ANNIE G. MOBLEY to me well known and known to me to be the individuals described in and wfio executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS hand and official seal = in the County and State last aforesaid this 17th day of April, 1979. - - ~ My Commission Expires: -Tt~nP ~_191Q Notary blic, State•ofFlofid ar e 441846 • : • _ 300K ~ - 1 - .