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Home My WebLink About0596 . ~ ~ ~ ~ ~ Our file 5-32,483 ~ this moilgage ar ~~thrr uans(ci nf ulle ~o the mortgaged propeily ~n e~lin~u~shmenl ut 1he ~~debtednc~~ .tiu~cd hcrch~, aU ngh~, uilc and ~~~e~e.t i,t ~ht A1~,~~gagoi ~n and to any ~nsurance polic~es ~fien ~n [orce shall pass tn ~he purclasci g~anue. ~ (A) To ptr(orm, ~urpiy with and ab~de by each and every the s~~pulaUOns, a~teements, conJ~uon. and co~enanl, .~o s~~d ptum~~sory ~ cote and ~n th~. derd .e~ (o~th. 7hat ~f sny uf sa~d sum~ ul money hcre~n rtfettcd to be not promp~ly and (ully p~id u~th~n L•fteen days neat af~sr the sane stverally becomes due and payable,or ~f each and every the supul~uons, a6reement., iondiUons and covenantc of sa~d ptum~s- so~y note and th~s dced, ur t~ther, ue no~ fuily performed, compl~ed w•~th and ab~ded ~y, ~he ,;+id agg~egs~e sum rnenUaned in said ~ piam~ssay nute shall become Jue an~ payable (orlhw~th or lhereafter al the option o( the ~lortgaget as ~uliy and complr~ely as ~f ~Ae ~ sa~3 ~E&«tale sum of sa~d p?umissory ~ote w~s on`mailY st~pulated to be paid oo such dry, anyth~ng ~n sa~d promisso~~~ note o~ her:~n i to the coniracy not~rithstand~nR. ~ V) That ~n order to acceleeate the matunty of Ihe indebtedness hereby cecured, bc:ause uf the fa~lure of ~he !11or~sagar ~o pay :ny ~ax, ~ •ssessmeol. IiaD~1Uy, abligauon or ~nrumbrance upon said ptope~ty, as here~n provided, ~t shall not be necescary ot tcqu~s~te th~t ~he ~ mo~tgaRee shall fu.t pay the came. The \lortgagee may, at his option, and without u'ai~~ing his right to accelerate the indebtedness hereby ° secured and tu foreclose thz sam:., pay either before or after delinquency any or ail of those certain obligations ~ required by thc terms hereof to be paid by the ~iortgagor for the protectio7 of the mortgage security or for the ~ol- ~ lection o( the indebtednecs hereby secured. All sums so advanced or paid by the Mortgagee shall be charged into } the mortgage a~count anJ becc?me an integ~a! part thereof, subject in ali respects ~o the terms, conditions, and ~ e~~venants oG the aforesaid promissory nott, and this mortgage, as (ully and to the same extent as though a part . of the oriaina! indebtedness e~•idenced by said note and secured by this mortgage, excepting howevtr, that sai~+ sums shail be rtpaid the !~lottgagee forthwith upon its demand and be in addition to the regular monthly install- ments provided by the mortgage note. ~ 3. That the abstract or abstracts of title covering the martgaged property shal! at a!! times, during the life of this mortgage, remain in po$session of the Alottgagee and in event of the foreclosure o[ this mortgag~ or ather ~ transfer at' title to the mortgaged propesty in extinguishment of the indebtedness secured heceby, all right, title ~ and interest of the ~tortgagor in and to any such abstracts of title shall pass to the purchaser or grante~. . ~ 4. To the extent of the indebtedness of the Mortgagor to the Rlortgagee described herein or secured hereby, - the !1lortgagee is hereby subrogated to the lien or liens and to the cights of the owners and holders thereof of each : - and ev~ry raortgage, lien or other incumbrance on the lund 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 r~seective liens of said mottgages, liens ar other incumbrances, shall be ane~ the same and each of them hereby is preserved and shal! ~ pass to and be held by the ~1ortgagee herein as security for the indebtedness to the M~rtgagee herein described or hereby secured, to the same extent that it would have bean preserved and would have_been passed to and lseen held by the \Sortgagee had it been duly and regularly assigned, transfeired, set over, and delivered unto the hlort- ' gagee by sepa~ate deed of assignment, notwithstanding the fact that the samt may be satisfied and cancelled of - record, it being the intention of the patties hercto that the same will be satisfied and Gancelled of recotd by the holdzrs thereof at or about the time of the recording of this mattgage. - _ 5. In the event the ow~ership of the mortgaged premises, ot any patt thereof, becomes vested in a person , other than the ~lortgagor, the \lortgagee may, without notice to the Rlortgagor, deal with such successor or suc- . cessors in interest .N~ith reference to this deed and thc debt hereby secured, in the same mann~r as with the ~1ort- ~ gagor w•ithout in any way vitiating or discharging the Mortgagot's liability hereunder ot upon the debt hereby ~ sccured. iV~ sale of the premises hereby mortgaged and no fotbeatance on the part oC ihe hlortgagee, and no ex- ~ ; tension of the time for the payment of the debt hereby secured given by the Mortgage~ shall operale to release, i discharge, modi[y, change ot affect the original liabiiity of the hlortgagot herein either in whole or in part. 6: The lien vf this deed secures and shall continue to secure payment of said indebtedness or ind~bted- ~ - - ness, however evidenced, whether by said prumissory note ac any renewal or extension thc.~:,? ~~~s.:.u~e .~::.:e= - ~ _ for, or otherwise, until all such indebtedness shalf have been fully paid. - _ ~ - 1. In the e?~ent the mortgagors sQlt, convey or transfer the mo~tgaged premises during the li/e of this mort- RaRe, ~hen this mortgage sholl, at the option oJ the blortj;agee herein, become immediate[y due and payable for t'~e jult sum oj the principal balance and interest then due. - , 8. The temrs "hlortgagot" and "tilortgagee" whenever used in thi~ instrument shall include the heirs. personal rcRrosentativ~,, successors and assigns oi the respective parties hereto. Whetever used the singulai number shall include the plural and the plurai the singular, and the use of any gender shall include ail genders. ` Si ed, sealed d live d i~ es ~ (Seal) - ~ - - - : ~/'/._{„-L-c_!~/;;L.( ~,_c-' ic' ~ t_~ ~Seal) ~ ~ s - ' ~ STATE OF FLORIDA ~ - - ' COUNTY OF ~ j -55 ~ ' ST. LU~C;lE ~ ` - Be(ore me personally appeaiea W. E. GODt~IIN dnd FRANCES W. GODWIN~ his__wife~ . to me well known and known to me to be the individuals described in and who executed the foregoing instrument, - and acknow•ledbed before me that they executed thz same for the purposes therein exprossed. WITNESS my hand ~ F- and official seal in the County and Statc last aforesaid this 2~+th Da,y O~ ~a ~ 19~~ _ - A ~ u~~~ . _ ~ ` ~ E - : . _ - ~ : ` - i. June 30 1975 Flori ~ " ~ ~ ~g~••. - ~ - ~ i ~1y-Comrr:ission Ex "res: ~ Notaty Public, State of - - Ert~Q Ar~a ~ : - • " ~ n~~ ; - - - F ~T. UC?E ~~!?R~~~ _ ~ - - _ ~CL`Es". PQi? _ _ ' 4' f, 'r~ ' : ;r - - Gl~RS CIRCWZ ~i4~R~ _ - - _ , • c-,_ - ! RECIiP,!? Y~it;~t~D~w~~~a . ~ r' :s - - '~5 p - ~ : = _ _ ! ~i ~ - T• ~ J ~r ~ ~ . " ~ - 0 ^ I~`~ - ~ 9~~•~ BU~X~~ PAGE ~ ~ j ~