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Home My WebLink About2080 Our File 5-44,583-3 thr+ m~wtKaKr ur uthrr tramlrr ut Ullr (u thr nuKlgagrJ pruprrt> in eiuntCUnhmrnt ut Ihr inJrhtrJnr++ sraurrJ hrrrhy, all rrychl, titlr anJ intrust utlhr \IurlKaKur in anJ U, any imurancr tr~lia'ir+lhrn in furry+hall pa+, hr thr purcha+rr ur Krantrr. Ihl (u prrfurm, comply with anJ ahiJr by rash anJ rrrry thr ,tipulatM~n+, agrrrmrnt+, :unJitM~ro ar?J :u+rnan[. in uiJ pr.~nu~+ury nulr anJ in 1hi+JrrJ,rt turlh. Irl 1 hat rf any of vrJ ,um+ of munry hrrrm rrtrrrrJ to hr rnrt promptly anJ toll) pa~J wdhm tdtrro Ja>, nr+t allrr thr ,a~nr ,r+rrall> hrcumr+ Jur anJ payahlr, ur it rash anJ rrrr> thr +tipolrtrun,, aKrrrmrnt,, :unJit~ur, .mJ cuari~rnl, ut w~J (xumi,~xy notr anJ thi? JrrJ, ur ritnrr, arr nut tull> paYturmrJ, :umplrrJ with anJ ahiJaJ h), thr wiJ aryCrayratr wm mrntHmrJ in v~J prunu„ur) nutr,hall ht :umr Jur and payahlr fnrlhwuh ur thrrrattrr at thr upUun ut thr \turtgagrr a+ lull) anJ :umplrtrh a, d Uir vnl agKrrKatr ,um ut viJ prumi+wry notr ++--a, rxrRmall)• ,tipulrtrJ U. hr pail .rn,uch ilr anyt h+ng m ,arJ prona,vrn nuts ur hcrru~ to thr .unwary ANN a+rl h+lanJuryt. 111 That in orJrr tuacrrlrratr !hr matunt) u( !hr rodrbtrJnr+s hrrrhy +rcurrJ, hrrru+r u( thr tailurr ut lhr Uurtga~ur w pa) an) ta., a,+r+,mrnt, liahility, uhligaliun or rncumMancr upon viJ pruprrly, a+ hrrrm pruriJrJ, t! +hau nut br nrcr,vey ur rryui+ilc That thr murlgalerr ?hall tir+t pay thr +antr. 2. The Mortgagee may, at his option, and without waiving his right to accelerate the illdebtedne„ 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 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 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 liens and to the rights of the owners and holders thereof of each and every mortgage, lien or other incumbrance on the land described herein which is paid and/or satisfied, in wllok 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. S. In the event the ownership of the mortgaged premises, br any part thereof, becomes jested 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 ac with the Mortgagor without in any way vitiating or discharging the Mortgagor i 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 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 otherwise, until all such indebtedness shall have been fully paid. 7. /n the ererrt the rnrvrtxaxurc sell, cunrc?• nr trunsJer thc• nu?rtguged nrenrises durirrq the liJi• nj this nu,r{eu•Ke, then this nurrt a e shall, at the a tirrn a the :Nurtxuger freri•hr, bee•rrnre inunediu!elr duc• and vable ur tlee till ~rrnr a the x x ~ I 1~_ 1 I I~ i princ•ipal hulunc•e arrd interest then due. E R. 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 genders. t Sign , sealed a del' in ~t a presence of: II 1 .Q7Q ! ~fl !l>d l~ 7~ ISeal1 i F1LE0 A F.ECUF,OtO i_ sT.LUCtE ttTY.FlA. ~~T COUR tic cMCu STATE OF FLORIDA 1 ~ Rct~ vE~IE:EO COUNTY O St . Zu~ 1'g ~VV`~ Before me personally appeared RENA MAE LUCAS, an unmarried woman ' 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 my hand and official seal in the County and State last aforesaid this 12th day Of May, 1979 . . My Commission Expires: -Tt1nP ~O 1979 Notary Public, State ofFlo~i r e g - , t' s _ - f. ` •r ~ JU9 PAGf ~~~7 f z`~.:~ ~ z