The URL can be used to link to this page

Home My WebLink About1582 ' ` Our iils 5-18,060 this motts~~e a othe~ uaaafet a( title to the mort~a~ed property iA extiasuisAa~eat of the iadebtedaess secured hete~y. all ri~l?t~ title and interest o! tAe Mat~aso~ in and to any iasuraace policies tAen ia torce ~lull p~ss to tAe purcAaser o~ ~raniee. (A) To pe~torm. complr ~iW and abide by cacA ~ad evary We stipula~~ons, aareeoeats. caaditioaa and covea~nts ia said proaiissorr aote and ia tAis deed set fwth. • (i) Th~t it any of aaid sums o( aouey hereia ~eterted to be not promptly ~ad fully paid wiU~ia fifteen days neat a(ter tAe s~se sevenlly Eecoses due sad paY~pie.ot if each and every tAe stipul~tions, ~~eeeeaa. conditia?s aad covea~ats ot s~id p~osis- so~y oote aad tki~ deed. or eitAer. ue aot tully per(ormed, complied ritb aad abided sy. ~he said aurepte sus sea~ioned ia said praaiissa~y aote shall becose due and pay~ble tatbwi~ a tAeceatter ~t We optioa oI t6e 1Aortiaiee ~s tully aad co.pletely as if the aaid ~s~re~ate su~ of said praeiasory aote ~r~s orisiaally stipul~ted to be paid m sYCA d~y. ~nythint u~ s~id ptomissory note a Aerein to tAe eoauuY uotri~hs4adins. (j ) That ia order to aceelet~te tAe m~turity ot the iadebtedness Aereby sec~red. Eecawe of t~e failu~e ot the Mat~a~or to p~y any taa. assaasseat. liability, oEliption or encweb~aace upau s~id p~ope~ty, u sereia provided. it sAal! aot be aecessuy a requisite tAat tAe mortqiee sAall first pay tAe sase. ~ 2. The Mortgagee may. at his option. and without waivina his riaht to accelerate the indebtedness hereby secured and to faeclose the same. pay either before or afcer delinquency any or all o[ those certain obli~ations required by the terms hereof to be paid by the Mortgaaor for the ~otection of the morttase security ot fot the col- lection of the indebtedness hereby secured. All sums so advanced ot paid by the Mortgagee shall be charged iato the mortgage account and becane an intearal part thereof, subject in all respects to the terms. conditions, and covenants of the aforesaid promissory note, and this mortgage, as fully and w the same oxteat as thou~6 a put of the oriainal indebtedaess evidenced by said note and aecured by this mortaage, exceptiag however, that said s~una shall be npaid the Mortgagee forthwith upon its demand aad be in addition to the resular monthly install- ments pcovided by the mottsage note. . 3. That the ~bstraet or abstracts of title covering the mortgaged pmpecty shall at all times. during the life of this mortgage, remain in possession of the Mortgaaee and in eveat of the foreclosure of this mortsage or other vansfer of title to the mongaged property in extin~uishment of the iadebtedness secund hereby, all ri6ht, title and interest of the Mortaasor in and to any such abstracts of title s6a11 pass to the purchaaer or graatee. 4. To the extent of the indebtedness of the Mortgagoc to the Mortgagee described herein or secored hereby. the Mortga6ee is hereby subrogated to the lien or liens and to the tights of the owners aad holders thereof of each and every mortgage, lien or othet incumbrance on the land described herein which is paid and/or satisGed, in wholc a ia part, out o[ the proceeds of the ican dascribed hereia or secured hereby, and the respective liens of said mortgages, lians or other incumbrances. shall be and the same and each of them hereby is preserved and shail pass to and be held by the Mortgagee herein as security foT the indebtedness to the Mortgagee herein described or hereby secured, to ihe same extent that it would have been preserved and would have been passed to and been held by the Mortgagee had it been duly and regulariy assigned, traasferred, set over, and delivered unto the Mort- gagee by separate deed of assignmeat, notwithstanding the tact that the same may be satisfied snd cancelled of record. it being the intention of the parties hereto that the same will be satisCied and caacelled of record by the holders thereof at or about the time of the recording of this mortgage. S. In the event the ownership of the mortgaged presuses, or any part thereof, becomes vested in a person other t6an the Mortgagor, t6e Mortgagee may, without notice to the Moctgagor, deal with such successor a suc- cessors in interest with reference to this deed and the debt hereby secured, in the same manner as with the Mort- gagor 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 ao forbearance on the part of the Mortgagee, and no ~x- tension of the time for the payment of the debt hereby secured given by the Mortgagee s6a11 operate to release~ discharge, modify, change or affect the original liability of the Moctgagor herein either in whote or in pazt. 6. The lien of this deed secures and shall continue to secwe payment of said indebtedness or indebted- ness, however evidenced, whether by said promissoty note ot any renewal or extension theceof or substitute t6ere- ~ [or, or otherwise. until all such indebtedness shall have been [ully paid. f 7.. /n the event the mortgagors sell, convey or transjer the mortgaged premises during the lije oJ this rnort- - ~ gage, then ~his mo~tgnge shcll, at the option oj the Mortgagee herein, become imniediately due and payable jor the E ju/l swn of the princi{wl balance and interest then due. E 8. The te~ms "Mortgagor" and "Mortgagee" whenever used in this insttument shall include the heirs, personal representatives, successors and assigns of the respective parties hereto. Wherevet used the singular numbet shall include th~ plural and the plural the singular, and the use of any gender shall incltde all genders. Signe sealed and d'ver in e presence of: ~ ' ~~(Seal) (Seal) 1 ~ i STATE OF FLORIDA COUNTY OF ~ $s Be[ore~ine'pIIerC'so~n~ally appearedSl+KI1~3 H. CONRAD 8ad MARY I~. CONRAD~ hi8 ~?1re to me well known snd irnown-t+s~sa~to-i~e~'ie~ividuals described in and who executed the fore6oing inswment. and scicno~led`ed before me that they executed the same for the pw~o ses therein expressed. VYITNESS my hand i and official aeal in the County end State Isat aforesaid this 8th D~ Of I"~~ 9~ ' t ,~..~::.~t~:;.,, ! _ FII.ED AND RECORDED • ~ ST. LUCIE COUNTY. FLA. u: ^p~^ VFR!FIED ' ' ~~l?~ ~ J I 7 i Wy Canmission Expires: Notary Pubiic, State 20 PM • `l: '69 I?!~~ : 5 _ : _ .r 1'~'~~530 : . . . ~oc~a ~oiTR~s ' • _ • . CLERK CIACUIT COJRt ~ ~ 177 ~i580 • - - . I :4,x ~ - . ~ _ . . _