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Home My WebLink About2938 Our File 5-44x637-7 • this m„rtgagr or uthrr transfer of litlr to thr m~wtgagrd pn,prrty in ratinguishmrnt of thr indrhtrdnrs srcurrd hrrrhy, as rgthl, tide and intrust of thr Mortgattur in and to any insurancr,p,licirs Ihrn in forcr shall pa>s to thr purchasrr ur Kranlrr. (h) Io prrfurm, comply with anJ abidr by rach and curry Ihr stipulalw,nx, agrrrmrnts, cunditN,ns and a.wrnrnlx in said prumi~wty a,tr and in Ihis drrd srt forth. (i) 1 hat if any of vid sums of munry hrrrin rrfrrrrd to hr cwt promptly and fully frail within fiftren days nrst •rhrr thr wort srsrtally hraanrs Jut and payahk, or d rach and rvrrY thr stipulrUuns, agrrrmrnts, a,nditNros and ruvriunts of w,J fxomissury notr -rod this decd, or rithrr, arc ~p,1 full)• prrG,rmrd, complird with and ahidrd hy, Ihr vid aggraYtalr sum mrnUonrd in said prunuswry notr shall t,e w,me Jur and payahlt forthwith ur thruaftrr at tnr up1N,n of thr Mortgagor as fully and a,mplrtrly as if thr vid aggrrgalr .um of vid f+romicwry ~eNr was originally stipulalyd lu hr paid on such ~kry, anything in vid promissory nutr nr hrrrin w thr contrary rN,twithstanding. Il) "f hat in ordrr to accrlrralr !hr maturity of Ihr indrbtrdnrss hrrrhy xrcurrd, hrxausr of thr failurr of the Mortgagor to pay any tas, asxrsmrnl, liability, uhligalK,n ur rncumhrance up,n said pn,prrty, as hrrrin pn,vidrd, it shall m,t hr nrcrsvey or rryuixitr that thr mortgagor shall first pay thr santr. 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. 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. rnnditions, 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 titk covering the mortgaged property shall at all times, during the lite 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, titk and interest of the Mortgagor in and to any such abstracts of titk 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 incumbrarfce on the land described herein which is paid and/or satisfied, in v?fiok 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 tbe 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- femed, set over, and delivered unto the Mortgagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelkd 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 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 rlo 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 li such indebtedness shall have been fully paid. 7. /rr the event the mortgagors sell, c•unvey or Iransjer the mortgaged prcrrriscs during the lije of this nu?rtgage, tlre?? this mortgage shall, at the option of the Mortgagee hcreirt, bec•omc immediatel)~ due aru! pa_vahle jot Ntc Jirll suns of Ntc principal balune•e acrd interest then due. 8. The terms "Mortgagor" and "Mortgagee" whene)~er 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. S Sign , seakd a li i the nee of: Seal) or~~~-~~ (Beall . 19T9 y ~ ~ 9 ft~a+?kc fcs,f~ut.o u t.ut~~cotl~trtrt~u?. Rns~trrrn ~ac:~tacutrsA~n~, Q ~~Q6 a STATE OF FLORIDA ~ R~C~'1'E'RIF?f@ .9_ COUNTY OF 1 St . Luc ie s Before me personally appeared CHARLES W. KILLINGS JR, and KATHERINE KILLINGS , his to me well known and known to me to be the individuals descripe~ in and who executed the foregoing instrument, and Wife acknowledged before me that they executed the same for the purposes' t erein expressed. ~YITNESS my hand and official seal E in the County and State last aforesaid this 19th day Of May, 197 Y June 3O 1979 ~ ~ ~ My Commission Expires: Notary Public, State of,~ e ` - ~ ~ - ~ - - g:lR, spy ~,~f 35 ~w'•_ ~ , _