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Home My WebLink About0148 c • ~ . , , . ~ Our file 5-32,459 ~ ~ th~~ mut~gage ar uthe~ t~anste~ u( utlr tu the Mot~gagrd {xo{~~~:i in c?ungu~shmtnt u1 Ihr ~ndebteu~ess neccred hesth), all r~KA~, uilc and ~nletest uf !Ae Aloriga~ur ~n anJ to :ny insu~ance polic~es ~hen ~o (orce s~al) pasi lo Ihe purchaser or granice, (h) 1'o ptr(~~rm, c.xnpiY w•~th and ab~de by .ach and rvery t~t c~~pul~Uons, a~reements, cood~t~ons and c=veoan~s in sa~d ptumissory note and ~n Ih~s dead ,et (ortA. . ~ ~ Tha~ any uf xa~d sums u( money herc~n re(e~tcd to be nut pra.~pUy and (ull~ paio uui~in _ f~tteen t.~ys nea~ afur ~ the s~mt sevt~ally becomes due and pay~hle,or ~f each and tvery ~he stipul~tions, sareemtnts, cnnd~tions and covenanls o( s~~d promu- sery note and this deed, ot eithec, a~e not fully perfo~med, c~~mplied wi~h ar.d abided Ey, ~he .a~d a~tgre8a~e sum menuoned m sa?d promissoiy noie shsll become :iue and paYable (orthw~th at Iheteafter at tte option o( 1ht \lurtgagee as fully and completely as ~t Ihe sa~d aaQrc~ale of said promi~soty note was ot~~inally stipul~ttd to De paid x~ suth dry. anything in sa~J prom~ssoty ~ote o~ herein to ~he conir~ry not~•ithstandinR. _ V) Tha~ ~n order to acceieratc ~he ma?unty of the indebtedness hereby secured, because o( tha (s~lure of ~he A1or~gagur ~o pay any ua, assessment, I~abii~ty, obli~ation or enrumbrance upon sa~d prope~~y, as herein pravidtd, ii shall not be nece.sary or reQws~te that the . mottgagte shal! f~tst pap !Ae same. ."fhe 4lortgagee may, at his option, and wi:heut waiving his right to accelerate the indebtedness hereby secured and to foreclose the same, pay either bef~re or after delinquenc~+ any ot all uf those certain oblig~tions - tequired by tt~e tetms.hereo( to be paid by the \1ortgagot for the protection of the mortgage security or for the col- lection of the indebtedness hereby secured. All sucns so advanred or paid by 1he \lortgagee shal! be charged into ttie mortgage account and be~~me an integral part thereof, subject in all cesp~cts to the terms.'conditior.s, and covcnants ~~G the aforesaid promissory nate, and this mortgag~, as [ully and to the same exten: as though a part of the original iadebtedness evidenced by said note and secured by this mottgage, excepting howevet, that said sums shall be repaid the i~lortgagee forthwith upon its demand and be in addition to the rcgular manthly enstall- ments provided by the morigage.note. ~ _ 3. That the abstract ar abstraets uf title cc~vering the mortgaged propecty shall at aU times, during the life . of this mortgage, temain in possession of the Aiortgagce and in event o! the Careclos~~re oC this mortgage or other ~ transfer of title to the mortgaged proporty in extinguishment of the indcbtedness sccured htrchy. all right, title , - and interest of the ~lortgagor in and to any such abstracts of !itle shall pass to t~~e purchase~ or grantee. ~ - 4. To the extent oC the indebtedness of the Mottgagor tc~ the Mortgagee described hscein or secured hereb/, the ;1lortgagee is hereby subtogated to the lien or liens and to the rights of the awners and holders thcreoC of each and every mortgage, iien or other incumbraace on the lan~ ~~scribed hetein which is naid and!or satisfied, in . ~ whole or in part, out of the proceeds o!' the laan described herein or secured heteby; and the respective liens of said mottgages, liens ar other incumbrances, shall b~ and the same and each of them hereby is pr~served and shall pass to and be held by the hlertgagee herein as security for the indebudness to the tilortgagee herein~describsd _ or hereby secured, eo the same extent that it w~ould have been preserved an~3 ~~ould have boen passod to an~ been ~ ' held by the ~tortgagee had -it been duly and regularly assigned, transterted~ sei over, and delivered untu the Mort- gagee by separate deed of as~ignment, noiwithstanding the iact that the same may be satisfied and cancelled of ' record, it being the i=~tention of the paities h~reto that.the same will be s~iiisfied and cancelled of record by the holders thereof at or abaut the timz of the recordir~~ of this mott~a~e. ~ 5. In th~ event the ow•nership of the mortgaged premises, ot any pait thereof, becomes vested in a person ~ - other than the 1lortgagor, che ~lortgagee may, ~:~~ithout aotice to the Mortgagor, deal with•such suczassoi or ssc- _ cessors in interest K~ith sef~rence to this deed aad the debt F~ereby secured, in the same manner as with the Mort- gagor without in. any way vitiating or discharging the hlortgagor's liabilily hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no farbeara~ce on_ the part of the Aloetgagee~ and no ex- ~ - tension of .the time for the payment of the debt hereby secured givtn by the hlortga~ee shall operate to release, disci~arge, modiCy, change or affec[ the original liability of the Alortgagor hercin either in whole or in part." 6. The lien ~t this deed securos and shall continue to secure payment of said indebtedness or indebted- ness, h^wever evidenced. whtther"by said promissory note or any renewal oc extension thereo[ or substitute therc- ~ fot, or otherwise, until all such indebtedness shall have been Cully paid.- - 7. /n the ev~n1 the mortgagors sell, convey or transjer th~ mortgaged piemises during tire lije oj this mort- ~ ' goge, then tiris morlgnge shall, at the oFtion oj the Atortgagee herein, become immediately due and payable jar the i jull sum oj the principal balance and interest lhen due. ' - - ~ - - 8. The terrrs "Atortgagor" and "hiortgagee" whenever used in this instfument shall include the h~irs; - I personal representativ~s, successots and assigns of the respective parties hereto. Ylherever used the singutar - ~ ' number shatl include the plural and the piutal the singular, and the use o( any gender shall include a!i genders. i - ~ ~ - ~ ! igned, sea a de ivere in the presence of: (Seal) ; ~ ( i ! ~iC~~.L~- ~ ~ Seal) f . i ~ . ~a - ' ~ I 1 - - ~ - STATE OF FLORIDA - . ~ t COUNTY OF~ ~'S ALEXANDER THORPE and ZELPHA T~RPE, his -wife, - _ 5T. LUCIE form~rly known as ~ELPHA McPHEE, al.so formerl_y ; Befare me personally appeared jrnOW[l aS ZELEPHA M, MePHEE - - to ne wsll known and kno~xn to me to be the ind'eviduals described ir. and who execvted the (otegoing instroment, ' ~ and acknowledged before me that ~hey ex~cuted ihe same for the p~rpose~ thercin expressed. i~IT'NESS my hand and official seal in the County ar.d State last afoiesaid this 15th Day of May, 197 . - _ ,,,,t• , , ~1y C~mmissiop Expires: .7uRA 30, ~.975 Notaey Publict.~t te~pf••'' • ` fllF,ti A?;~ :~~,,0~4ED ~ • ` 4 SLLU~lE ::At"ItY ~LA. ' ' ^ - • - - ~ ; - • - RC~E : =t•i~~~5 _ - . i = Cl~~:fi C~~,:.i;~+ COURT " _ - - ` ^ . - _ , ~ ?~rC;=.. Lir~ ;r~; - ; 1.~ ' _ E ~ ~ ' ~ ~~~Ipt Z~ ~ 3~ PM 15~~ 0 . r • ~ 8~ ~c~~ ~kGf ~ _ - ~ , ~ ~ - ~~`i~i~' -