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Home My WebLink About0186 th.r.by waNMe or ImpaU1M any evulty, INn. or rleht under and by vlrtw of this mortfla9e. In the eWnl of loll a physkal damage to the mofteaead Property tM Mortayor shNl clue ImmedNte notke tMreof by mats to tM Mortee,se and the MortfiaaM may make proof of lost If Me san+a k not made Promptly by the Mortsaeor. In event of foreclowie of Mb mortaaae o? other transfer of tltN to tM mortaa9ed property M eiitlriaiiWinNnt of tM IndebtWnw secured hereby. NI rlaht, tltN and Interest of the Mo?tyayor N and to any Inwrance pakNs tMn N force shall par to tM purchaa? a srantea. (h) To perform, comply with an0 abide Oy each and every tM stlpulatlons, agreements, condltlons and covenants In Bald promissory note and In Mk deed set forts. 0) In tM went Mat any of tM rums of money herein nfene0 to shNl not be promptly aiw fully geld wlMln bn days next afbr tM same NwrNly become due and PayabN, or If each area every of tM stlpugtlons. agreements. condNlons and covenants of YW promissory note and Mil derail. p NtMr. are not fuNY perfofrned. complNO wIM and abided bY. Or If any action or proceeding b commenpd which materNllY affects tM Morteaeee'l Inbnst M the property, IncludlM but not Iknlted to eminent domagi or code •nforpment or arrangements Inwlving a bankrupt. w H Mere N an apparent abandonment of the property, the aggng.t. sum mentlonep In said promissory note shNl become due and payabN forthwlM o? tMreafter st tM option of tM Mortgagee as fully and eompNtey a K tM saW aggregate wm of saW promissory note wet o11MnaMY st~iitated t0 W geld on suth day. anything M saW Promissory note w herein to tM contrary notwlthstanding. That In order t0 aCCNerate tM maturity of tM Indebtedness hereby secures, beuuss of tM failure of the Mortgagor to pay any tax. aetsirnent, IlabllltY. ot?Ilgatlon or encumpranoe upon Bald property. as Mnln ProvWed, It shNl not W necessary or requisite that the MOrgegee shah fkst pay Me wme, (k) If tM property Is a condominium unH. the Mortggor shNl promptly and compNNy perform NI of hit oblNatlons under tM dectaratlon of condominium and tM condornMlum aasocNtbn'l artkNl of Incorporation. by-laws and ruNs and regulatbns and otMr constituent condo- mintum documents Indudlna Out not Iknlted t0 tM paYa+ent of NI regular and specNl alnssrnents. tM INns for whkh against the property might or eouw have p?Wrlpr over tM INn of Mil mortgage. If tM property Is wrt of a pNnned uMt dewloprnent. Me Mortgaggr snNl promptly eompy with aN provblons of tM dedaratlon of covenants and nstrktbns estaOllshM9 tM same and shall promptly fulfill all his oblleatloris under tM constRwnt documents of Me pNnMd unit development Indudlny tM homeowners assodatlon's or Its equlvNent's artldes and by-laws and shall promptly pay all atsaslrnents a charges of every nature (no matter how desNneted) its INn for which against tM property myht a could haw WlorltY over tM INn of this mortgage. 2. In the event of the occurrence of any of the cir+cumstafttxs giving the Mortgagee the right to accelerate the maturity date of the said promissory note, the Mortgege~ may, at his option, and without waiving his right to arxelefate the indebtedness hereby securod and to foredose die same, pay either before or after delinquency any or all of those certain obligations required by the terms hereof to bs paid by the Mortgagor for the protection of the mortgage security or for the collection of the indebtedness hereby securer!. All sums so advanced or paid by the Mortgsgee shall be charged into the mortgage amount and become an integral part theroof, subject in all respects to the temps, conditbrts, and covenants of the aforesaid promissory note, and this mortgage, as fully and to the same ax»nt ss though a part of the original indebtedness evidenced by said rtote and secured by this mortgps, excepting, howwer, tdtat said wms shall be repaid the Mortgagee forthwith upon its demand and be in addtion to the regular monthly installments provided by the mortgage note. 3. That ills abstract f>f title covering the mortgaged property shall at alt times, during the life of this mortgage, remain in possession of the Mortgages and in event of the foreclosure of this mortgage or other transfer of title to the mortgaged property in extinguishment of the tndsbtednsss secured hereby, all right, title and interest of the Mortgagor in and to any suds abstracts of title shall pass to the purchaser or grantee. 4. To the extent of the indebtedness of the Mortgagor to the Mortgagee describe! herein or secured hereby, the Mortgages 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 encumbrance on tM Isnd described herein which is paid and/or satisfied, in whole or in part, out of the prorxeds of the loan described herein or secured hereby, and the respective liens of said mortgages, liens or other encumbrances, shall be and the same and each of tdlem hereby is preserved and shall pass to and beheld by the Mortgagee herein as security for the indebtedness to the Mortgages herein described or heroby 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, transferred, set over, and delivered unto the . Mortgagee by separate deed of ascigrtmenlr notwithstanding the fact that the same may be satisfied and cancelled of record, it being the intentwn of the parties hereto that the same will be satisfied and cancelled 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 Mortgages may, without notice to the Mortgagor, deal with such sumessor 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 vitiatatg or discharging the Mortgagors s liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no fore- beafartoa 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 whob or in part. . 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebtedness, however f evidenced, whether by said promissory note a any renewal or extension thereof or wbstitute therefor, or otherwise, until all such indebtedness shall have been fully paid. i 7. Upon any default by mortgagor hereunder and following the acceleratan of maturity as provided in paragraph 1 (e) ~ hereof, a tender of payment of the amount necessary to satisfy the entire indebtedness secured hereby, made at any time prior to the foreclosure sale by Mortgagor, or by anyone in behalf of the mortgagor, shall constitute an evasion of the payment terms of the Mortgage Note and shall be deemed to be a voluntary prepayment thereunder, and any such payment to the extent per- ~ milted by law will therefore include the premium required under the prepayment privilege, if any, contained in the Mortgage Note. 13. The terms "Mortgagor' and "Mortgagee" whenever used in this instrument shall include the heirs, personal represent~- tives, successors and assigns of the respective parties hereto. Whenever used the singular number shall include the plural and the plural the singular, and the use of any gender shall include all genders. 9. In the event that any provision of this Mortgage, or if any provision of the Note secured by this Mortgage is ruled by a Court of competent jur'ISdiction, whose judgment is not or cannot be appealed, to be invalid or partially irnalid, wch invalidity a Partial invalidity shall not affect any other provision of this Mortgage and the Mortgage shall be interpreted and construed as if the provisions held irnalid had not been i sa Mq~gp a mortgage shall be consVued and interpreted accord- ing to the laws of the Sub of Florida. t~W ~~1 ~ M 1~ ~ ~~tt Signed, sealed and delivered in the presence of: F LEO ~ltll tK C~(~taEg 4v~ 5~ Ll1CIE Co(xlTY.fIA. ~ ~ ~ ROGER POITRA5 ~ tLENi CIRCUIT C ~ (Se8(~ ~ EO k ATE OF FLORIDA 1 COUNTY OF BROWARD 1 .ftuft~;~~ ~t~~ Beforo me parsonany appeared Wi 11 i e B . Hammond and Magi e Lee Na ~ ~ e to me well known and known to ms to be the individual described in an who execullir~ ~ent, and scknowledgsd before ma that the ~ ~ .fit' '1 • • r . executed the same for the purposes erein expressed. WITNESS my herd and official Abe County and ~tlftrlast afore said this 15thlay of Apri 1, 1980 - ~ - . . . g~331 P~ 186 , . ~ : My is ublic, state o 'f; . 1 ~ _ Conxnission Expires: