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Home My WebLink About2779 Our File 5-44,656-7 this m=wtgagr ur other tra=afrr of liar h= lhr m=HtgrgrJ pn=prrty in r~tinguishmrnl of the inJrhlrJnrs sr.urrJ hrrrhy, as right, title anJ iotrrrst of Ihr MurlKagur in and lu any insuranrr p=lirirs Ihrn in force shall pates w the purahasrr ut granter. Ihl lu perform, comply with anJ ahiJr by each and every the stipulatNUn, agrrrmrnu, cunJitM=ns anJ co=venants in sail pn.miv,ry ncNranJ in this JrrJ srl forth. ' lit Ihat if any of viJ sums of money herein rrfrrrrJ w br =w=t promptly anJ fuDy tu=J Nuhin fifteen Ja)s neat a(trr the un?r srvrrall) hrcumra Jur JOJ pa)ahk, ur d rash anJ rsrry lhr shpulauuns, agreements, cti=nJitM=ns n=J a.cr=unts u( sa=J prumisv=ry note anJ this JrrJ, ur either, are =n=t fully prrfurmrJ, cumplirJ ssith anJ ahiJaJ hy, Ihr wd arytrrKatr sum mrntH=nrJ in v~J pnanhwry twtr st=all twr- cume Jur anJ payahlr f=HthN=th ur tl?rrrafter at the upUun of the !?lurtgagrr as fully auJ a=mplrtrl) as if Utr vid aggrrttatr sum of sail prumicW=ry note N~s=uiginalty sUpuUteJ w hr pad un such Jay, anything in viJ prumisv=ry note or hrrru= w the comrary =NHNithstanJiryt. That in urJrr to accrlrratr the maturity of the inJebtrdnrss hrrrhy sra•urrJ, hrcausr of Ihr failure of the Murlg:ySur w pay any trs, assr.smrnt, liability, ohligatN=n ur rncumhrancr upon sail pruprrty,rs herein pruvidrJ, it shall nut hr necessary ur rryuisitr That the mortgagee shall first pay Ihr >,mr. r 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 (hose 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 shah 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 rnvering the mortgaged property shall at all time, 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 pats 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 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 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 j such indebtedness shall have been fully paid. 7. hr Nfe event the mortgagors sell, c•unvcv or trrrnsJir the morfgageJ premises Jurirfg the lif a r,f this nrr,rf,Ra,~c. Ihcu this nuartgvge shall, at fhe uptio~r of Nie ltlur?gagec herein, hec•onre infmccliute!_v Joe arfJ p~a_vahle jar the Jidl sui?r of tlfe principal halune•e ruu/ interest them Joe. 8. The teens "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, personal repre- € sentative, 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. Signed, aled and de ' prase of: A~--~LJ w • Q~'~`-~ ISeal) t r (Seal) 5 STATE OF FLORIDA ~ COUNTY O _ Befo~e me personally appeared NCES W. TAUSCH, an unmarried woman - to me well known and known to me t the individuals described in and who executed the foregoing instrument, and acknowledged before me that they executedi the same for the purposes therein expressed. WITNESS my hand and official seal in the County and State last aforesaid this nth day Of May, 1979 . • My Commission Expires: June 30 1979 - Notary Public, State of` ~4 ~ e _ _ - 446513 FILt:o ~l~ f~ = • ` ; . `t • f.4t ~~~~~''I,,~N t~ ,i ~ R ~casto v>'al~t~' g~~K ~y ~A~F2776 - _ -