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Home My WebLink About0987 i, Y 1 \t ~ r ~ ~ ~ ~ ootiee tlxreof by mail to ehe Mat~~gee and the Mat agee may eruke prcot d loa it tbe same is not aude psompUy by the Morts~oe. la eveat ot torocbsure ot this mortgagr a other traaskr ut ~b to tAe a~oet`s~ed p~opettr ia ertiasulshaaeAt ot tbe (ndebtedness secured ixrcby, ap A~ht. title aad interest oi the Mortga~a ia aad W aay iawraaoe poilcie~ tbea la toe+oe sba]! pass to tbe punhaser a sr~ntee. ih) To pecform, comply with aad aalde by each Rnd every the niQulatioas. sgceemeab. ooodkioes aad oovenants ia saW pevmis:ory note aad ia th[s deed tet focth. . (i) 7'bat it any of s~W suaos ot n+oaey bereia ceferred to be sat promptly snd fuliy ptid withia teo(10) d~ys ne:t ~ttei the ume avenlly bemma due aad pay~bie. a if each and evary the stipulatba~~ s~raa+eab~ co~nditlons and cnvensnts d uW ~ aote Rnd thl: dted. or dthe~, are aot tuUy pectorn~ed~ oompliM witN and ~bi8ed by~ tde ~{d ag~re~ate sum ineatbned in uW prom oote shall becon?e due and paytbk tathwith a thercaiter at the optbn of the Mortga~ee u tWly ~ad oompktdy a if tl~e Wd a~reQata suw ot uid penmissory aote wu odgiaally ~tiputated ta be pald oa :ach day. aaything ia aald prondssory Aote or hereln to tbe conMty notwithstaadiag. (j) That in order to accelerate the matucity of the iadebtedness hereby aecuted, becsuse ottbe fiihtn otthe Mottgagor to pay aay tax. asses:- meat. li~bitity. obligstbn or eacumbraaoe upon ssid property, as henla provided, k shall not bc neceuuy or requtdte th~t the mortgagee shall tirst pay the samc. 2. The Mortgagee may, at his option. and without waiving his right to accet~rate the indebtedness hereby secured and to foreclose the same; pay elther before or aftec dettnqueney any or all of those certain obligations rcquired by the tcnns hereof to be paid by tha Mortgagor for the protecHon of the mortgage security or for thc collec- tion of the Indebtedness hc~eby secuted. All sums so advanad or psid ~y tht Mortgagee shaU be charged lnto th~ moetgage account and beeome an Integcal part thercof~ subject in all respects to the terms, oondlHons. and oovenants of the aforesald promis"sory note~ and this martgage; us fuUy ~nd to the aame eztent as though a part of the odginal indebtedness evideacedby s~id note and secured by thls martgage, excepting howevec, that sald sums shall bc repaid the Mortgagec forthwith upon its demand and be in addltion to the regular monthly instaUments provided b~? the morgage note. 3. 'That the abstract or abstracts of title covering the modgaged ptopetty ahall at all times~ during the life of this mortgage. remain in possesslon of the Mortgagee and in evont of the foteclasuee of this mortgage or other transfer of titie to the mortgaged pmperty in eutt~guishment of the indebtedness secuttd hereby, ali right~ title and interest of the Mortgagor in and to any such abstracts of Nt1e shall paas to the purchaser or graMee. 4. To the extent of the indebiedness of the Mortgagor to the Mortgagee descrlbed hereln or secured henby~ the Mortgagee is hereby subrogated to the lien or liens and to the rights of the owners and hoiders thereof of each~ suid every rnortgage~ lien or other incumbrance on the land described hErein whicfi is pald a~d/or satisfied. in whole or in part~ out of the ptoceeds of the loan described herein or secured hcreby. and the respeMive liens of sald martgagea~ ~o liens or other incumbrances, shalt be and the same and each of them hereby Is preserved and shall pass to and be held ~ by the Mortgagce herein as security for the iadebtedness to the Mortgagee herein desccibed or hereby secured, to.tha ~ same extent that it would have been preserved and would have been passed to and been held by the Mottgagee had it ~ been duly and regulariy assigned~ transferred~ set over. and delivered unto the Mottgagce by separate deed of assign- men~, nothwithstanding the fact that the same may be satisfled and canceQed of re~ord~ it being the intention of the parties hereto that the same will be satisfced and cancelled of record by the holders thereof at or about the time of the recording of this mortgage. ~ 'G~ - 5. In the event the owpership of the mortgaged premises, or any part theceof, becomes vested ia 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 Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the patt of the Mortgagee. and no extension of the time for the pay- ~ ment of the debt hereby secured given by the Mortgagee shaQ 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 deed secutes and shall continue to secure payment of said indebtedness or indebtedness, however evidenced~ whether by said promissory note or any renewat~or eatension thereof or substitute therefor. or ~ othecwise, untii afl such indebtedness shait have been futty paid. 7. In the event the inostgagors sell, convey or transfer the mortgaged premises during the lije oJthis mortgage, ~O ~ then t/ris mortgage shal~ at the option of the Mortgogee herein, become immediutely due and payable jor the fuU sum n.~ ~ of the principal balance and interest then due. 8. The terms "Mortgagor" and "Mottgagee" whenever used in this instrument shall Include the heirs, per• `s • sanal representatives, successors and assigns of the respective parEies hereto. Wherever used the singular number ~ ; shall include the plural and the plural the singular, and the use of any gender shall include all genders. W -p? ~25i~'71 - . ~ iN INE OfftClAt RFGdROS 8001? ('~r~ ~'87 MI1Y 22 P 2:01~ct~atu G0 . ~~nro Q~ 0~ BRCWARO fl~tiSr. fl0R1DR 3. ` ~ BR~HF G!~~CU~ RE r C E L I ENE BRUCE 1 t ~uPD~pfrr~tr, ~DOK ~ - - i CELI~ ~o~~, ~v F ~ l. F ~ . • ! • ~ f,0i?Ktr ~~'~?N?StaFiCR ? r OOJ~II~S : i~n. . E . ...s ST. IUCI~~~. Fl-. ~'"n'~o~wiH~s,~l~~-~.. ~ - ' ~ ~ ~ S~gne . sealed a d delivered in the presence of: ~ea11bAVI D . a a . • ~ DELINE F. D`A~Y~S`~~his w~-" ~SeaD ATE OF FLBROWAR ~ SS COUNTY OF ~ Madeline F. Davis Before me personaliy appeared Richard M. Davis a/k/a Richard M. David and / ~ to me weil known and known to me to be the individual described in and who executed the foregoing instrument, and ~ scknowledged before me that they eaecuted the sa~e~tr the purp~se~ili~reit~~~essed. WITIIIESS my hand and official u~l of the County and Statt tast aforesaid th s n day of P ~ niFfC1AI KAL / ~ ~ 1ACK K. WHtTAKER «oT~s. .~~euc ~~~rc nr n~~o• .T u*6i ~hr co~n~. ~.v. wu. i~, Stat~ af Flo ri da My Commiss' ° • ary~blic, DO . ~