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Home My WebLink About2354 - i Our File 5_44, f~4~-tSi, , V~ , this m+xtraar ur uthrr trarutrr of title to the m+xte:ylyd ptuperty in rsurt`uishment ut thr indrhtrdnam srcured hrrrby, sa right, title and interest of the MorttaRur in and to any insurance pilicies then in forcr shall pssa to thr purchaser ur ~rantrr. (h) to perform, ati+mply with and abidr by rach and curry thr slipulatw+ns, a~rrrmrMs, conditions and sY+vrnaols in said promisu~ry ' note and in this Jeed set forth. i (i) 1 hat if any of said sums of munry hrrrin rrfrrrrd to Ix riot promptly and Tully paid within fittern days oral after the same severally bernmes due •rnd payable, or d rash and curry the stipulations, ayrrrmrnts. n+nditiuns and currnrnta of said promi~~ury nine and this dyed, or either, arc not fully patormed, ar+mplied with and abided hy, the said ayatreptr sum mrntw+nrd in vid pmmics+,ry twtr shall I+e- come clue and payahle f+thwith ur thereafter at the opti+>n of the MurtRaare as fully and a+mplrtrly as it the said aysrefale sum of vid promiss+xy note ssasuri6inally atipubtrd to be paW on wch day,anythir~ in ~sid promissory rrOtc+x htfr~n to the contrary nutwith+tandinj. a U? That in order to accrterale the maturity of Ihr indebtrdnrss hrrrby secured, because of the failure of the Murt~agor lu paY any tax, :?ssrasmrnt, liability, obliptiun or encumtxance up+n said pwperty, as herein providrJ, it shall n+rt hr necessary ur requisite that the t murtg:~ee shall first pay the same. 2. The Mortgagee may. at his option, and without waiving his right to accelerate the indebtedness hereby secured 1 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 a for the collection of the indebtedness hereby secured. AU sums so advanced or paid by the Mortgagee sha{I be charged into the mortgage account and become an integral part thereof, subject in aM resptcts to the terms, conditions, and covenants of the aforesaid promissory note, and this ~ mortgage, as fully and to the same extent as though a pact of the original indebtedness evidenced by said note and secured by this mortgage, excepting however, that said stuns shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regular monthly installments protrided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged property shall at ap times, duuing the life of this mortgage, remain in possession of the Mortgagee and in event of the foreclosure of this lttortgage or other transfer of tick 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 ptuchaser 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 rig~lts of the owners and holders thereof of each and every ' mortgage, lien or other inetunbrance 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 fo and be held by the Mortgagee berrin 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- ` fetTed, set over, and deUvered unto the Mortgagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of rernrd, 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 tx 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, an_ n e of the time for the payment o[ the debt hereby secured given by the Mortgagee shall operate to release, duc~r~~irlpod~~change or affect the original liability of the Mortgagor I, herein either in whole or in part. 6. The lien of this deed secures and shall rnntinue to secure payment of said indebtedness or indebtedness, however evidenced, whether by said promissory note or any renewal or exten~on thereof or substitute therefor, or otherwise, untl~ all ! such indebtedness shall have been fully paid. ~ ' 7. /n flee event the mortgagors sell, convey or transfer the mor~grtged premises during the life ojlhis m ,tM,t~, ~ this mortgage shall, at the option of fhe Mortgagee hereiir, become immediately due and payable for the ~~tt[~~~`'-; . princtipa! balurx•e anc! interest fhe~l due. ~ ? ` < r- - 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the 'tt~tt`pt~- ~~s 3 sentatives, successors and assigns of the respective parties hereto. Wherever used the singtdar ntunber u~ p1 and the plural the singular, and the use of any gender shall include all genders. TABERNACLE C ~ s ; t , . ~ ~ INC., a Florida corporati , EVANGELISTIC DELIVERENCE . Sign sealed a I' i presence of: PIE ~ `a r (Seal) cry don, Individually and as Presi t attest: ~ t (SEAL) STATE OF FLORIDA ~ COUNTY OF DADS Aretha Jenkins, Individually and as Before me personally appeared Secretary to me well known and known to lne to be the individuals described in and who executed the foregoing instrument, and = adcnow•ledged before me that they executed the same for the purposes therein expressed. WITNESS my hand and official seal t in the County and State last aforesaid this 3 My Commission Expires: Notary Public, State of aocK310 X2352 l