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Home My WebLink About1368 , ~ ~ ~ • ' our tile 5-18,OG2 this sortsase or otAe~ u~aste~ of title to tlw monsaaed prooe~ty ie extiaauishoent ot tAe iudebtedaess aeeured bereby. all ~isht. ti~le •nd iate~est ot We Nort~asor ia snd to ~ay iaauuace polieies thea ia (oroe ~Aall p~ss to tM purcAssec or uaatee. (W To per(oro. cosply ~iW aad abido by eacb aad e~ety tR~ stipulatioas. a~rceseet~~ eoaditious asd coven~nts ia s~id p~omiisory aott sed ia tAia deed set fatA. (i ) Tbat iI any ot s~id aYSS ot mooer Ae~cia reteaed to be aot prowPtly aad Wlly paid rritAia titteen days next a[ter tAe sase aevenlly Oeeo~es due aad paYable.a if each aad every We s~ipulations. ~sreemeata. conditioes ~ad eoveaaats o( said praa~s• sa~r note aad t6is deed. ot eitAer. an eot fu11Y ~~~d. coAylicd .ritb aad abided by, iAe said ~urep~e sum meatioaed ia s~id proaissay aote shall beco~e dw and payaple to~~h~ritA o~ tAereatte~ ~t the optioa ot the Moctsa~ee as tully aad eompletely as if tAe s~id aure~~te sue ot ~~id ocowissory eote w~s ori~iaally stipul~ted to be paid m such daY. anytbiu~ iu s~id ptoaisso~y note or Aereia to tbe coatruY ~~itAst~adiei. (j ) 7'Aat in order to accelac~te ehe awturity of the iadebtedaesi be~eby secured, bec~uae of We tailure ot We Mo~tp~a~ to p~y any aa. asaesasaat, Ii~bilitY. ollisatioa ar encusbraaee upoa said property, u hereia p~ovided. it sb~ll aoi be necessary or roauisite that the aw~tauee sh~ll Cust p~r tAe sa~e. 2, The Mat`ajee may, at his option, snd without waivin~ his right to accelerate the indebtedaess hereby secured aad to foceclose tbe same, pay either befon or after delinqueacy any or all of those certaia obli~ations required by the terms hereol to be paid by the Mortga`ot [or the ptotectioa of the aatttase security or [or the col- lection of the indebtedness hereby secuced. All suma so advanced or paid by t6e Mortaajee shall be char~ed iato the mortgage account and become an inte=ral part thereof. subject ia all reapects to the terms. conditioas. and covenants o! the afocesaid promissory note, and this moctgage, ss fully aad to the same exteat as thou=h a put of tha orisinal indebtednesa evidenced by said note and secured by this aattaage, exceptin` howavec, that said sums shall be repaid the Matga6ee forthwith upoa its demaad and be in addition to t6e regular moathly install- monts provided by the mortaaae note. 3. That the abstract ot abstracts o[ title coveriaa L:: mort~ased ptoperty shall at all times. durins the life of this mort`age, remain in possession of the Mortgagee sad in event of the forectos~re of tbis mortga`e or other transfer of titie to the nwrtsaged pcoperty in extin`uishment of the iadebtedness secured hereby, all ri=ht, title xnd iaterest of the Mortgaja ia and to any such abstracts of title shall pass to the porchaser ot `rantee. 4. To the eatent of the indebtedness of the Mort=a=ot to the Mortaagee described hecein or secured hereby, the Mortgasee is hereby subroaated to the lien or liens aad to the rights of the owaers and holders thereof of eich and every mortgage, lien ot othet iacwnbrance on the Iand described hereia which is paid and/ot satisCied, in whole or ia part, out of the proceeds of the toan described herein or secared 6ereby, and the respective liens of said mort`ages, liens or other incnmbraaces. shalt be and the same and eac6 af them hereby is preserved and ahall pass to and be held by the Mortgagee herein as security for the indebtedness to the Mortgagee hereia described or hereby secured, to the same eatent t6at it would have been preserved and would have been passed to aad been held by the Mortgagee had it beea duly and regularly assiaaed, aansferred, set over, aad delivered unto the Mort- gagee by separate deed of assignmeat, notwithstandiaa the fact that t6e same may be satisfied and caacelled of recad, it being the iatention of the parties hereto that the same will be satisfied and cancelled of record by the holders thereo[ at or about the time of the recordina of thic mortaage. S. In the event the owaership oC the mortga`ed premisea, or any part thereof, becomes vested in a person other than the Moctgagor, the Mortsagee may, without aotice to t6e Mortgagor, deal with such successor or suc- cessors in interest with reference to this deed and the debt hereby secnred, in the same manner as with the Mort- gaaor without in any way vitiating or dischargins the Matgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaaed and no forbesraace on the part of the Mortgagea, and no ex- tension of the time for the paymeat of the debt hereby secored given by the Moctgaaee shall operate to release, disc6arae, modify, change or affect the origiaal liability of tha Mortgagor herein either in whole or in part. 6. Tbe lien of this deed secures and shall continue to secore paycnent of said indebtedness or indebted- ' ness, however evidenced, whether by said promissory note or any renewal or eatension thereof or substitute there- i for, or otherwise, untii aU such iadebtedness shall have been fuily paid. ~ 7.. Jn the event the mortgagors sell, convey or traisJer the mortgaged p~emises d~ring the lije of this n~ort- ~ gage, then this mo~tgoge shall, at the option of the Mortgagee herein, become immediatety due and payable ror the ~ jull suni of the piincipal balance ond interest then due. ~ 8. The teens "Mort6aaor" and "Mortgagee" wheaever used in this iastrument shail include the heirs, personal representatives, successors and assigns of the respective partiaa hereto. Wherever used the singular number shall include the plural and the plutal the singular, and the se of any gender all include all genders. S' aed, sealed d ive in the presence of: (Seal) G' (Seal) . STATE OF RLORIDA C~UNTY OF~ ss - ~etore~nIIieCpe~rsoaally appeared W~ZHE 3HAY aad JOYCS SH?1~i, his Wit~ ~ to me well knowm and known to me to be tbe iodividuals desccibed in and who executed the forefoins inatrument, and acknowled~ed before me that they execnted the same for the purposes therein e:pressed. WITNESS my hand and official seal ia the Conat and State last afotesaid this p~ D~ O~ , 1969 FILEO AN~ RECOROED ST. LUCIE COUNTY. FLA. ,~•~~"""J+~+~:,, R~CO~D VFRIFIED ~ ! %[~I~:~;•. . 1`78356 ~ ~ ~ty Canmissi~~a~: 1 C~Tt~ 30.7 ~9~ Notsry Public, State of Or1 I~r . . . ''Y'~~,G'`+.:.; , 69 l~a~ ~ b / M a : 3 ~ - : = ~ ~ ROGER i'OITRAS i CLERK CIRCUtT COURT~ ~ • ~ pR .t lOOK Y ~ ' ~ ~ ~4~ ~ -c.. w - _ _ ~