HomeMy WebLinkAbout2345 ~ ~ pur file ~1-13,760
S[.~.~ L.rw .t r.reel..ve .t tbi. m.ets.~e K.t6.t v...rer .t tia. t. d~e .«ta~ r~p~t1 u esti.p;.baeat .t t6e i~iaM~
edor Me~ni ~rbr. dl ri~M. titk awi iwterat ~t t6e 11iKt~+r i~ a~i t~ ir~u~see rlle'~a tAea i~ toece ~haU pas t~ ti~
wreti~ ~r PrMR
(?I T~ e~17 ~rit~ a~i ~bide r~ MeL wi e~ tLe M~al~tiMS, aRe~e~b, c+ariti~r a~d t+ves~wa i~ ~ai~ pr~aai~7
a~te ua i~ tW~ i~i Mt 1wti.
lil ~ it a.~? .t ..i~ w...t s..e~ ~S.eiw cefen+ed a b..a r~~ a.a fdl~ paii Mi~ii. lftteen ~.r
dN~ tbe ~ Mwnlt~ beeasa d~e a~ MfaW~. K ii eKi a~d ~ree~ ~~tipol~tiwu. ~~epewb, cw~ditiw a~i arcww ~t ~aid ,
phdw~~ Na a~ t~ ds~~. K at6er, aro w~t Idl pee~~t+oea. e~ ~?it? asa abid~i t`e Mi~ a~epte s~ ~sewtiwsd 'u
rid prsiwe~ MM ~ll b~e~we dre ani M~Lie ~i~t6~rit~ K tberat~ec at tbe optiw ~i tbe ~IKtpses a~ hllr aed c~mpletd7 ~ ,
if tb~ s~ia ~s~e+pa wa .t s.ta ~.naNSr w~te ~rr Kipnlb aipul.tei t~ be wld ~a weL d~T. aqtW~~ i~ ~aia pe+~iwr~ a~N
o~ henia t~ tw eMtnry Ntaith~t~ais~.
ltiat ie ~iee t~ ~ealu~e die maa~iq ~t ttie iwde~bt~eieM rereb~ ~ beearsa d t6e tail~ue .t trs 1[~ e• M7 w
wc. wew.ne~t. W`iliq'. ~iUp~
N K ese~sbaaee up«~ ~.id a~ 4ereia pnriJe~. it ~6d1 w~c be seoeNaq K reqri~ite t~at .
tbe u~~et~a~ee dull 6nt pq tbe ~asa 4
2. T6e Moctaa~ea may, at hi~ optiae, and wit6ovt waiv~n~ his ri66t to aooelerate the indebtedser Lereby F
~ecured and to foreclo~e tbe ~ame. psy eit6er befvre or after delinqnency aoy. or all of tho~e oertain oblidationa ~
reqnie~ed by t6e term~ 6ee+eof to be paid by~t~6e M~~
or for the protectioa uf the mortaaae securitp or for the oollea ~
tion of tl~e iadebtedneM hereb~ ~ecue+ed. AU sum~ ~o advanoed or paid by t6e Mortaa~oe ahall be char~ed into t6e
mort6ase acoount and beoome aa inte~al part t6ereof. ubject in aU respecu to the terav, oonditions, and oovenants
of t6e a[ocasaid pr~i~MOry note. and this mort~a~e, u[nUy sad to t1~e aame e.~tent as thouah a part of the oriaiwl ;
indebtedna~ e~-idenoed by said note and sdaired br thi~ mortsa~e, e~?oeptina 6owever, that sud wms ~hall be repaid ;
tbe Mottaaaee forthwith upon ib dewand aad be in addition to t6e reaulu monthly inatallmenb provided by the ;
;
inort6x6e note. ~
3. T6at the abstract or :bstracta of title ooverina the mortaa6ed propertf sLall at all times, dun~~ the life ot ~
thi~ mort~a~e, remain in poNewon of the Mostaa~ee and ia event o[ the foreclosure of this mortaaae or other trawfer ~
of title to the a~ort~a~d Prope~tr m eitin~isluneat of t6e indcbtednea~ secured 6anby, all ri6ht, htk and interest t
of the ~ott~or in and to any wc6 ab~irads of title a6a11 paas to the parchaser or 6ra~ntee. ~
4. To t6e eitent o[ tbe indebtedne» ot t6e Mort~or to t6e Mortsasee de~cribed 6erein or secared Lerabr,
t6e Dioctp~ee is Lereby snbro~ated to tl~e li~a or liens and to the riahb of tbe w.-nen and holders thereof of eacb
aad avety mort~e. lien or ot6er ina~mbranee on t6e land deacribed heeein which is paid and/or satisSed, in w6ole
or in part, out of the prooeeds of t6e loan de~cribed Lerein or iecund herebr, and the respecti~c licaa oE ~aid mort .
lieos oe other incumbranoe~. s6aU be aad t6e same and each of thcm hereby u preeerved and sh~all pa~s to and
~ld b~r t6e Mortaasee herein as ~ewrit~ for the indebtednas to tLe biortaaBee hercin described or hereby saaired.
to t6e sarue e:tent t6at it wonld tuve beea pe~erved and would have becn paMed to and bcen l~ld by the Mort6aaee
had it beea duly md . y aNi~ued, traa~[ere~«l, ~et over, aud deli~ered w~to t6e Mortaa6ec by eeparate deed of
aasi~nent, notwi t6e fact that tLe ~ame may be saw&ed and canceIled o[ reoord, it bein6 the intention of the ~
parties Lee+eto that t6e sare ~rill be aatis6i~ and casoeUed af r~ecord b~ the holden thereot at or abont the time of
the recotdin6 of dw mortp~e.
S. In tbe eveat the ownenhip of the moztaaaed pranises. or any part t6ercof, becomes veated ia a penon ot6er
than the Mortaa6or, t6e ~iu~a gee may+ wit6a~t notiee to 1he Mort6a~or, dcal with wch auccasor or snooeMOn in `
iutereat M-ith neferenee to t' deed and the debt 6et~eb~ ~ecnred, in the same manner as with the Mortsaaor without ;
in an_y way ~ztiatin~r or disehar6in6 the Murt6a6o~'~ Wbility l~ereuader or upon the debt heceby secured. No sale o[ s
~~~e preinis~s ]~trebJ~ mort6a~ed ana no ~orbearanoe oa t6e part of the !Nort~,a6ee, and no extcnsion of the time for the
;iayment of tbe debt hee~rbf ~ired prea by t6e Mo~e~e ahall operate to release, discl~arae, modify, chaa~e or alfect
the ori~inal lial~iGty of the Mort6a~on c~rcin either in wrhde or ia par~ ;
6. The lien of thu deed eecur~a and a6a11 eontinoe to ~ecare payment of said iadebtednese or indebtedneM, ~
I~owe~er evideaoed, whether by said promiMOry note or iwy reacwal or eztension t6ered' or svMtitute therefor, or ?
othcrwise, nntil all snc6 iadebtedneas shall have been [nllc paid.
7. In tht ~v~nt th~ mortgagors st![, convey or transJer ~he mortgng~d premises during the lif~ of tliis morlgoge,
th~n this mortgage shall, at the option of the Morlgag~e herein, becomt ~mmediately due ~nd payablt for tht Jull surn o/
th~ princrpal 6alanct nnd int~rest then due.
8. T6e terms "Mortaaaor" aad "Mort6aaee" ~rLeaever we~i in tlus iostrumeat aliall inclnde the hein,pe tsonal
repreaentatives, snooessors and as~i~Ws af the respective puties heeeto. W6ererer ueed the ein6alar number s6a11 include .
the plaral and the piural t6e sinaular, aad the nse of aay ~eader sha include all 6endera.
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~..,.:C: ."~fL'M~.. - - -------~SSAI'~
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STATE OF FLORIDA
COUNTY aF
me pes~sona y appeared YII~ISAIi H. Y7LB~ J8. aad ?JSI~ t. LTL~~ hi~ rif~~
to me ell known and known to me to be t6e individuals de~cribed in and who ezecuted the foreaoin6 instrnmeat, and
acknowled6ed be[ore a~e t6at t6ey executcd t6e same [or tlu purpwa t6erein ezpreMed. ~VITNESS my hand and
o6cial ~eal ia tbe County and State lut aforeaaid thi~ 2~d da,~ of J ~ 19b6. '
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NARL - ~~r:,,,, .
R. AVERY . .,.::Y-~s-e-t-
l
NOTARY PUBLIC, STATE ot FIORIDA at LARGE
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MY C0111MISSION EXPIRES 1UNE 30. 1957
• '•y',
. Notary Public, State of ori
My ('.omm~eaon Ezpire,~: ~ ( i ~ ~
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FI~EL' AP~D RECOROED :-f~~ . : :j =
ST. LUCIE COUNTY. FLA. - ~ ~ :
R~CO?~ UE~iFIED `
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AUG 2 P~1 2• I 6 .
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::.o:;~..: : ~~;~R4S ~ooK151 544 ~
CL,ERK ClRCU17 COURT ~
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