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Home My WebLink About1443 1 I Our File S-45,157-S this m~Ktgagr ur other transfer of title lu Ihr mwtgagrd property in exlinguisbmrnt of the imlrhtednrss secured hrroby, as right, title anJ interest of the Mortgagor in and to any insurance policies Ihrn In force shall pass to Ihr purchaser u< arantrr. (h)Tu perform, comply with and abide by rash and rrrry the slipulrtN~n:. agrrrmrnts, runditN~ns and covrnams in said promissory note amt in this dyed sat forth. (i) fhat if any of said'sums of money herein rtfrrrrd pi t+e mN ptumpllyrnd fully paid within fifteen days ngxt after the same srcrrally t brrnmes due and payabk, or if each and curry the stiput+tions, agrrrmrMs. condilk•m and rovrrunts of srid promisory note and this deed, or either, are no! fully prrfiKmed, mmplird with amt abided hy, the said aggregate sum mrnlN~nrd in a,id promiswry mite shall Ae~ ~ ` come due and payahle forthwith or therrafta al the optNm of the Atortgager as fully and s+~mplrtrly as if the uid aggregate .um ut said j promisscKy mite wasoriginally slipuglrJ to be paid on such day, anythirpt in said promissory note or herein to the contrary m?twithatanding. j } (j) That in order to accelerate the maturity of the indrbtrdnrss Arrrhy secured, because of Ihr failure of Ihr Mortgagor to pay any lax, i assessment, liability, obligation or tm:umhranaY upon said property, as herein pnnidrd, it shall nut hC necessary ur rryuiailr that the nwrtgagrr shall firs) 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 drliquency soy or aU 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 bernme an integral part thereof, subject in all respects to the terms, rnnditrons, and covenants of the aforesaid promissory .note, and this mortgage, as fully and to the samt extent as though a part of the original indebtedness evidenced by said note and secured by this mortgage, excepting however, that said sums shaft be repaid the Mortgagee forthwith upon its demand and be in addition to the regular motlthty installments provided by the mortgage note. 3. That the abstract or abstracts of titk covering the mortgaged property shall at all times, during the Ute 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 morlgsgcd property in extinguishment of the indebtedness secured hereby, cep right, titk and interest of the Sftxtgagor in and to any such abstracts of titk shag pass to the purchaser or gfantee. 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 Prery mortgage, Uen or other inetuabnrtce on the land described herein which is paid andJor satisfied, in whole otr 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- 6rances, shall be and the carne 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 bt:ea 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 o! the mortgaged premises, or any -part thereof, becomes rested 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 Mortgagofs 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 died secures and shall continue to secure payment of said indebtedness or indebtedness, hovrerer 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 event the mo~tgago?s sell, convey or tmnsjcr the mortgrrgeJ prc?niscs during the lije ojlhis mortgage, then k 1lris ntcxlgage shall, at the opta~n of the Mortgagee herein, become immediately due and payable jor the Ji!l1 store of the principal balurte•e sort interest then due. 8. The terms "Mortgagor' and "Mortgagee" whenever used in this instrument sha0 include the heirs, personal repre- sentatives, successors and assigns of the respective parties hereto. Whererer used the singular number shatl include the plural and the plural the singular, and the use of any gender shall include all genders. Signed, sled a in ~ e p race of: ~~'i, ~?`~Zlif/~- ;Seal) ' B (bell STATE OF FLORIDA ~ COUNTY O~~ Beforetrlie ursonaU a d ROBERT F. BARRON ~LOUISE BARRON, his ~vife~ Pe Y Ply to me well known and known to me to be the indivrdusls described in ahd who 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 1St dey of August, 1979. • I 454'781 _ r My Commission Expires: ' 3 ~ 2, S~Votary Public, ~ e l9 ~ u.. ' F EO AMO RE OR EO ~~f~ •:;~b 314 i4~ s+ IIK ~ ~ ~ BOCK PbGE P 1coat~t IXERK • ,