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Home My WebLink About1371 . • • - Our iile 5-18,056 this wo~tp~e o~ other tr~aste~ of title to tl~e mats~scd ptope~ty ia eat;a~uiaAabat of We iewiebtedaeas secured Aeroby~ all nsht, utle aad iatereat ot the ?lo~t~yor ia and to aay iaaursace polieie~ tl+aa ia faee shall pass to the purcAuer a ~raatee. (A) To perfors. eomply ~rith and ~bide Ar eaeb and eve?p ~hs stipulatioas. asreeseau. coeditioas aod covanaats ia ssid promissory aote ~ad ia U~is decd set tatb, (i ) 7~at if any ot s~id sunu o( aaaey hereia refeRed to be aot pro~ptlY ~ad (ully p~id rithia titteen days next ~ftet ths same se~erally beco~e~ due aod payable. or it each aad every tde stipul~tioas. a=reeoeats. coaditioos sad corenants of said pro~is- sary note and tAL deed, a~ eithcr. ue aot tully pertoned. cospiied ritA and abided Ay, tAe s~id aure{ate sum meatioaed in s~id p~oa~iuory aote s4s11 beeose due aad pariple forthviM a thersatter ~t tAe optioa ot tLe Mortp~ee ~s fuliy and caspletely as it ~he said a~re~~te suw oI s~id proaiisory aote ~as ori~iaally atipulued to be p~id oa sueA dar. aayt6in~ ia said promissory aote or herein to ~Ae coauary aotrithstaedie~. ~ (j) Th~t in otder to accelet~te the m~turity ot the indebtedaess Aeraby secuted, because ot the failure ot tbe Mo~y~{o~ to psy ~oy tas. •ssessseet. li~bility. oAlisatiaa or eacumbrance upoa a~id property. ~s hereia provided, it shall aot be aeceseuy ot reouisite tA~t the mata~~es sA~ll firat p~y the aaae. 2. The Mattasee may, at his optioa, and without waivins his rig6t to accelerate the indebtedness hereby secured aad to faeclose the same. pay either before or after delinqueacy any or all of those certaia obli`atioas required by the terms hereoi to be paid by the Mortsago[ ror ihe protection of the mottgase secutity or fot the col- lectioa of the indebtedness hereby secured. All sums so advanced or paid by the Mortgsgee shall be char~ed iato the mort~aae accouat and become an intearal part thereof, subject-in all respects to the terma, conditions, aad covenants of the aforesaid promissory note, and this moRtsage. us fully aad W the same exteat as thou~h a put of the ori~inai indebtedaess evidenced by said note and secured by this aartaa=e, eacepcina however. that said sums shali be npaid the Mort~agee forthwith apw~ its demand and be in additioa to t6e tesular moathly instalt= ments pcovided by the mortaa~e note. 3. That the abstract or abstracts o[ title covering the mortgaaed property shall at all times, dnrina the life of this mortgage, remain ia posaeasion of the Mortgagee and in eveat of the foreclosura of this mortga`e or other transfer of titte to the mortgaged property in extin`uishmeat ni the iadebtedness secnred hereby, all ri~ht, title and interest of the Mortaaaot in aad to any such abstracts of title shall pass to the purchaser or grantee. 4. To the exteat of the indebtedness of the Motta,~~or to the Mott`aaee desctibed hereia or sec~red hereby, the Mortaasee is hareby subrogated to the lien or lieas and to the rishts of the owaets aad holders thereof of each and every mortgage. lien or other iacwnbraace oa the land described herain w6ich is paid and/or satisfied, in whole or ia part, out of the proceeds of the loan described hereia or secuted hereby, and /he nspective liens o[ said moctgages, liens or other iaciuabraaces, ahall be and the same and each of them hereby ia presetved and sh~ll - pass to and be held by the Mortgagee herein as security fe: ~~e indebtedness to the Mortgagee herein deactibed or hereby secared, to the same extent that it would have been preserv~d and would have been passed to and been held by the Mortgagee had it been duly and re~ularly assigaed, traasfeaed, set over, and delivered unto the Mort- gagee by separate deed of assigament, notwithstanding the fact that the saane may be satisCed and caacelled of record, it being the inteation of the parties hereto that the same will be satisfied and cancelled of recad by t6e holders thereof ~t or about the time of the recordina of this mortgage. S. la the event the owners6ip of the mortgaged premises, or any part thereof, becomes vested in a person other thaa the Mortgagor, the MorRgagee may, without notice to the Mortgagor, deal with such successot or suc- cessors in iaterest wit6 reference to this deed aad the debt hereby sec~red, in the same manner as with tha Mort- gaaor without in any way vitiating or discharsiaa the Matgagor's liability hereunder or upon the debt 6ereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the Mortgagee, aod no ea- tension of the time for the paymeat of the debt hereby sec~red given by the Mortgagee shali operate to release, discharge, modify, change or affect the ori~inal liability of the Mortgagor herein eithet in whole or in part. 6. Tbe lien o[ this deed secures and shall continue to secure payroent of said indebtedness or indebted- , ness, however evidenced, whether by said promissory note or aay renewal or exteasion thereof or substitute there- i for, or otherwise, until all such iadebtednesa shall have been fully paid. ! 7.. /n the evertt the ~nortgagors sell, convey or transfer the mongaged piernises during the life of this rnort- { gage, then this mortgage shnll, at the option of the Mortgagee herein, become immediately due and payable for the ~ Ju1l swn oj the principal balpnce and interest tben due. ~ 8. The tetms "Mortgasor" and "Mortgagee" whenever used in this instrntneat s6all iaclude the heirs, [ personal representatives, successors and assigns of the respective parties 6ereto. Wherever used lht singular ~ number shall include the plural sud the plural the singnlat, and the use -of any gender shall inclnde all genders. i , r Si~nz , sealed d v d i e presence of: ~~u~ (Seal) ~ ~'K/~~~/ ~ (Seal) . STATE OF FLORiDA COUNTY OF ~ SS ~ LIIC Y appeared WII+I+IS DIYON sad ~NDY GILBBRT DIYON ~ hf s M1te Be[ore a~e personall ~ to me well knowu aad known to me to be t6e individuals deacribed in and who executed the foresoin` instrumcnt, and acknowledaed before me that they czecuted the same for the purposes thereia expcessed. WITNESS my hand and ofCcial seal in t1~,~~pt~~d~tajeO~g~a~qresaid this $th D8~ OZ 1969 ~1.G1~ EN R ~5 ST. LUCIE COUNTY. F'L.A.~~. 1"~ "7 ORD V~R FIED - . i~,~~ ~ • . ' . " . , , ~ - ` i - ~ . : _ . 1Ay Canmission ~t Notary Public, State of ~ - 1 ~brm «pn~ a;~9 - ;-~~~,1,;~:~;=~ RO ER PQiTRaS - ~ ~ ` ; . CLERK CIRCUIT COURTI ~ . . : ~1T7 ~1~ _ _ - ~