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Home My WebLink About2810 this m/Ktltagr ur ulhrr twlatrr of litlr to thr murlKaKrJ pruprrty in extin~ll?shmrnl of thr il?Jrhlydnrss srcurrJ hrrrhy, afl nKht, title anJ MICfCSt Ut 1hC AtnrlKatC/H In aIIJ to any InSUra nl'C p1111:IrS IhCn 11\ turl'C shall p:\s 1U 1hC 1"IKha[rr I/r ICfa111rC. Ih? 111 prftllfnl, :Ilmply Nllh :\I1J ahiJr by ra:h a11J CYCry 1110 silpulal Nlnf, aKfCCInCn1s, :UIIJIINII\S a1N1 lY1VClla nl? In S:1IJ prumlSWry Illltr •rnJ in this JrrJ srl forth. . li? 1 hat if any of viJ sums of munry harm rrrrrrrJ lu Ile nut promptly anJ :idly pail ssithtn fillrrn Jays nest alter the saner srsrtally hriumrs Jur anJ payahk, or if ra:h anJ rsrry Ihr slipuLltwns, aKrrrmrnts, amJUN/ns and :uvrlunts of sail prunusulry Hoer anJ this JrrJ, ur rilhrt, are Iw1 fully prrA,rmrJ, c.nnplirJ scith anJ ahiJrJ hy, Ihr vile arytraytatr wm mrntillnrJ m vIJ prumisllry Hoer shall Ix come Jur anJ payable forlhssith ur thereafter at the uphun of Ihr !1lortgagrr as fully anJ cumplrtrly as if the .IiJ aKgrrgatr .um of viJ promissory note ssas IuiRinally stipulatrJ to hr pail on such Jay,anythulg u\ vIJ promissory nutr or herrm to thr:umrary INltssithstanJilllt. ~ "that in order lu accrlrratr Ihr maturity ut the inJrhtrJnrss hereby sra•urrJ, hrwusr of Ihr failure of Ihr 11ur1gagor lu pay any tax, assessment, lirhility, ohligalilln ur encumlxance upl/n uiJ pnlprrty, as herein pruriJcll, it shall n/N hr nrcrsvey or rryuisitr That the mlatgagrr shall first pay the same. 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 deliquency 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 promisory 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 forthwith upon its demand and be in addition" to the regular monthly installments provided by the mortgage note. 3. That the abstraN or abstracts of title covering the mortgaged property shall at all times, during the Gfe 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, lien or other incumbrartee 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 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 with 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 hereby mortgaged and no forbearance on the part of the Mortgagee, and It (1 extension of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to release, discharge, ntudify, change or sffect 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 promisson 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 nrr~r[gugnrs sell, cvnrrev ur [runsjcr the nrnrtgagcd premises during the lije ojthis nu~rtguge, tlre?r this nrortguge s/rall, a[ the uptiwr of the ,ilor~ggt;ec heroin, hec•unre inrnrediutely due and pis-vuhlc jur [hc jilt surer ujllrc priru•ipu! hulunce acrd in[e~cs[ [hen disc. 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 gende ~ - 1 ~ - Seal) ~ Sign ,sealed li in presence of: (Seal STATE OF FLORIDA ~ couNTYOFHXfX~ ANNIE GILBERT, an unmarried woman, formerly z S t . Lu ~e { Before me person y appeared known a3 ANNIE G. MOBLEY to tree 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 hand and official seal in the County and State last aforesaid this 17th day of April, 1979. ~lr - ` t My Commission Expires: Ztiill~~n., 1979.- Notary blic, State ofFlOtld er e tl~ i~tr Pt'1 ~ - 1 $ J • ~ g 44~.84b - - ~,l g00K~I ~IIGE~~)~ ~CG!JV7 r~C~~WV ~1.. s - - 4~ -