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HomeMy WebLinkAbout2211 8 "'~16 O. ft.' aOOK <) T. LUCIE CC~'NTT, FlA, · without cOMent of the mortpgor the lAid mortgagor shall not in any such event be releued, relieved or discns.""ged from the payment ot any of the .ums aecured hereby, but in .uch event the morta-agor ,hall nevertheless continue liable to pay such sums according to the terms of luch extension or u~iiieaUon Md notWithstanding the making of any .uch portial release or releuea unleal said mortgagor be exprell8ly re1eued and dlach&rJred in writing by the mortgag~. THIRTEENTH: The mort.ga&,~ may reaort for the paymilnt of the indebUJness secured hereby to its severals8Cu- rities therefor in such order and manner as it may think lit, and may at any time relealle /lny policy or policies of life insur- ance all collateral eeeurity for the payment of the Indebtedne.. secured ht:reby without regard to the consideration for such release and/or msy aecept a new polley or policies of life Insurance In place ~hereof for such amount or amounts and in such form .. it may require "Without being accountable for ao doing to any other lienor, and it is expreallly understood and agreed that if any of the said polieies of life insurance shall be c~celled or released Ilnd a new policy or policies of life insurance shall be lIubstituted in place thereof, thf! mortcagor .han keep .ueh new policy or policies in full force and effect until the indebtedness BeCUred hereby i. fully plI1d and u.ti.f1ed and in default thereof the entire Indebtednell8 secured hereby shan, at the option of the m~rtgagee, become due and payable forth"With and without noti.:e. FOURTEENTH: Thia mortgage shall becolde due and payable forthwith at the option of the mortga!:,ee if the mortgagor shall convey away said pn!mises or if the title thereto sha1l become vested i.l any other pl't'son or persons in any manner whataoever, FIFTEENTH: In the event of the death of the insured, the enlll--e indebtedness secured h~reby shall thereupon become due and payable and the mortgagee shall be entitled to coll('ct the entire pru.:eeds of all poiicies of li((' insurance assigned as collatl!ral security hereto together with all distributions or shares of Ilurplus. dividend deposits or arlditions made or apportioned thereto, and such sums IlO collected .hall be applied by the mortgagee to the payment of the indebted- nCllS secured hereby in such order and manner aa the mortgagee in its absolute discretion llhall determine; and in case a surplus ahall remain after liquidating such indebtednell8, such llurplull shdl le paid over to whoever is legally ('ntitled thereto. SIXTEENTH: That the giving of written notice addressed to the owners of record of the mortgaged property or addressed to the said owners at their last addrell8 actually furnished to the mortgagee, or addre...sed to the owners at said mortgaged property and mailed by United States Mail. shall be llufficient notice and demand in any case arising under thill mortgage which may be required by the provision. hereof or by law. SEVENTEBNTH: IT IS FUllTHRK AGREED. That all parties signing this obligation shall be jcintly nnel severally liable to the mortgaeee and that all the oovenantll and agreements of the mortgagor herein (ontained shall ('xtel,d to a'1d binJ hi. executont admini&trators, heirs and assignll, and shall inure to the benefit of the mortgagee, its SlIcc('ssors and auigna, and Wherever the context hereof ao requires or admita all references herein to the mortgagor in on(' number Ilhall be deeDted to extend to an..i include the other number whether plural or ai~ul~ rd the use of any gender shall be appJ,lcUl; ~ all genders_ !X59~' ~. . . . . . . . ',I ; , : " " I '/ . ,." ~\\\ l~'" ........... ~. \ oJ. ..' . '". ::....... :.. ."." I I'''' I ." , '. .' , -- . .--".: .~ FILEO AND RECORDED IN~ 480m 1961 APR! I PM 2: 48 ; . ',... ... - :: "' .""\ ~ .::~.: ...~. .:.,....~: ,': " - huuc.~\ POITP-AS. CUili': ST. LUCIE COUNTY, fLORIOt JI'9---~_ Provided, however, that upon the payment of the indebtedness secured hereby and the performance of all the covenant!> and conditions contained bereln and in said nota, the said mortgagee will execute and deliver to the mortga/{or an instrument suftl.cient in fOi1l1 and IUb~tance to enable the mortgagor to cause this instrument to 00 satisfied or discharged of record. It is agreed, however, that all recording lInd other expenses incu~ in effecting such satisfaction or discharge shall be borne by morte~gor. ' IN WITNESS WHEREOF the .aid mortgagor haa hereunto set hi. hand and Ileal the day end year first above written. ~~~. ~bj;h~.. (SEAL) _ u_____~~~-tSEAL) STATE OF FLORIDA COUNTY OF SAINT LUCIE t, a Not.al'1 Public, do hereby certify that __,po,!!~l.<LM~__IlQ}::t<2-t:l_~t!Q.__J~_~!:l__~' _JI()_~tOt1L his wife penonally knoWD to me to be the individual__lt_ deacrlbed in and who executed the foregoing mortgage deed, this day personally ap,eared. before me and acknowledged before me that __u__th~_,_u ----------, executed said mortgage deed for the purpollea therein mentioned. And I further certify tha~ the aaid Jean R. Horton -----'.'---- ___n'__ penonally Jmow1l to me to be the wife of said Donald M. Horton -- named in aid mortga&'ed deed. and one of the mortgagon therein, c.iid thia day penonally appear before me, and on a printe and I"p&!'&te Uamination thia day taken and made before oe, aeparately and part from her said huaband, did acknowledce that .be made henelf a party to and eucuted SAid morqage deed for all the purposes in said mortgage deed DNlntioned, and that .be executed the umc freely and voluntarily and "Without any coml>ulaion, con.straint, appre- heaaion or fear of 01' from her said hua~ IN WiTNB88 WBEllBOF, I have beNunto let my hand and afftxed my oftieialaul, in the Countv of~int__ T i Florida . 4tH'......... _"",uc e and State oL_________,_,_______ _______,thia -,--!,.,,,. ~~ 641 '. April _,A..D,19~., ~ -J-- ,-' -.'.' .,;+-.._.~4~/~;. /';J.dk.~AI. rL~ ,', .;4', _' Notary ?ublie ;.: -' ~.~ ldy Commisaion expir<'~: Notary Public. Stati 6;. ~ailt^ U,rat My Comm,!s:on up:rCj May 10, 1%4 Bon-Jed by AmerlC<llr.Su'~e\Y Co. Of N. Y. at STATE OF COUNTY OF'__ '/ ~, .. ~', ,. ~-:. .> . . I a Not.a.17 PuhUc, herehT cctil7 tha\ ~1 lmown to me to be iM iDdindaal described ill and who peMlOaaIly ~ Won 1M aD4 acboW'ledpl ht tl.'fl'efa upI-..cL IN WI'l'Nlm8 BEBO", 1 ha.. hereunto aet my bud and aftixed my oflleial lea1ln the County of aDd State of ____ this --- ---_ day executed the iorecoin& mortv.;re deed, uii8-~Y executed. th~ aaid !l1or~e deed for the purposes of ,u_., , Nota~ PubUe }if Commimoll expirea: '-h.~~;~~~',--bi.i,; ). -- -- - - ..;;." ':"-1';'.1 . . ~",.,,: _ ~..... .