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Home My WebLink About2882 t` 5-45,201-1 this m,rt~aje or othrr Iransfrt of tick to the mart/a/rJ pruprrty in rxlinsuishment of the inJrAteJnru srcutrd hrrrby, as ri/ht, title snJ interest of the Mwt/error in and to any irtsunnce policies Then in force sAaU pass to thr purclwsrt or /rantre. (h)Tu perform, n,mpty with anJ abWe by rash and rvrry thr stipulati„ns, a=rrrmonts, cunJitw,ns anJ cuvrnants in sail promissory note anJ in this JeeJ set fortA. (i) "I hat if any of sail sums of monry hrrrin referrrJ to be nut promptly anJ fully pail within fiftern Jayz nrxt aftrr IAe same reretally becomes Jae and payaAk, or if each anJ every the stipulatN,ns, a/rermrnts, n,nditwm anJ coverunts of viJ promiswry note and this deeJ, or either, are ,a,t fully performed, MmplirJ with and ao,JeJ by, the saW aaretiate sum menti,?nrJ in sa,a pruu:i..r.ry s:^le.hall t+r come due and payable forthwith ,u thereafter at the option of the Mor!`ayee as fully anJ wmpletrly a. it the rail aptrepte wm of said promissory note rvasori`inally stipulated to be pail on such day,anytfiin/ in aid pr~,miswry note or herrin to the contrary rx,lwithslandinj. Il) That in orJer to accelerate the maturity of Ihr inJrbtrJnrss hereby sscurrJ, Aecause of the-failure of the Mutt/ergot to pay any lax, assessment, liability, oAdgation or encumAtance upon sail properly, u herein ptoviJeJ, it shall nrd Ar necrsvey ur reyuisile that the rrn,rtgager shall firs) pay the same. - 2. The Mort~lgee tray, at his nption, and without waiving his right to accelerate the indebtedness hereby secured and to fortxlose the same, pay either before or after delpuency any or all of those certain obligations required by the terms hereof to be paid by the Mortgagor for the protectaa of the mortgage security or for the collection of the indebtedness hereby secured. AU stuns so sdvatloed or paid by the Mortpgee shall be charged into the mortgage account and beeotne an integral part thereof, subject in all respects to the terms, conditions, and covenants of the aforesaid prorrlissory 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 stuns shall be repaid the Mortgagiee forthwith upon its demand and be in addition to the regular matthly itlstaWnents providal by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged property shall al ap tunes, daring the Ute of this mortgage, remain in posstxsion 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 itttkbtedtless secured hereby, all right, title and interest of the Mortgagor in and to any such abstracts of /itk shall pass to the purchaser or grantee. - - 4. To the extent of the indebtedness of the Mortgagor to the Mortgagee described herein otr 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, Uen or other incumbranoe 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- ' btarltxs, 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 tx hereby secured, to the sa_ me extent that it woad 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 dced 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 ratite 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 Mortpgor without in any way vitiating err discharging the Mortgagor's liability hereunder or upon the debt hereby sceured. No sale of the premises hereby rrlortgaged and no forbearance on the part of the Mortgagee, and no extetacion 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 Uability 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 I' evidenced, whether by said promissory note or any renewal or extension thereof or substitute tberefor, er otherwi9e, untt~ all such indebtedness shall have been fully paid. 7. /n the event the mortgagors seI/, convey or tm?ISjer the mortgaged premises during the lije ojthis mortgage, then this mo?tg~tge sha!!, at the option of the Mortgagee herein, become immediately due and payable jvr the jedl sum of the - principal balance and interest then due. - 8. The terms "Mortgagor" and "Mortgagee" whenever used in this itutrumrnt shall include the heirs, personal repre- sentatives, successors and assegns of the respective parties hereto. Wherever used the singWar number shall include the plural and the plural the singular, and the use of any gender shall include all genders. Signed, and ive ~ e prese of: Seal) _ - (Seal) ~ STATE OF FLORIDA a } ~ COUNTY O~~ - ~a ~ t.--Lu i Before me person~y appeared HORACE J . HUNTER and VERNA J . HUNTER, his t~ife to me wdl known and known to me to be the individuals described in and who executed the foregoitt~ nt, and _ E acknowledged before me that they executed the same for the purpaees therein expressed. WITNESS my~t~ ` ' 1 st~l in the County and State last aforesaid this 8th dey Of AuguBt ~ 1 79 . t; ~ ' p s- ,Q f My Commissan Expires: June 30, 198„ at1IG 2, ~ ~1;, Z~'Notary Publ , St~,f`~' ,ri, - REhOR1 Vpli~Eb , ~ t~ ~ ~h~s~ i ~ f. ~l ~`~r~i? il~,b~~ .f- _ _ s _