The URL can be used to link to this page

Home My WebLink About1423 . . . this mort~a~e o~ other u~asfer of title to the ~tsased property tp CIlUQ~YISAQICflI O~ lA0 ItldlbltdACSS fCCYftd At(tD~t, aU ri~At. tiUe ~ and intuest of tAe Mort~aao~ ia and to any insurance policies thea in force sh~ll paas to tAe purcA~ser or psatee. ~ (h) To pertam, caeply +ritA ~nd apide by each ~nd eve~y tAe stipulations, a~reements. conditions and covenants in said promisaory aote ~nd in this deed set forth. (i) TAat it any of s~id sums of moaey he~eia refened !o be aot pcomptly and tully paid ~ritAin tifteen days aext atte~ the same sererally becomes due aad psyable. or it escA aad eve~y tAe stipulatioas. a~reemeats, coaditiau and covenaats of said promis- sory note and this deed, w either, a~e not fully performed. caaplied rith aad abided by. the s~id aureqte sus mentioned ia said promisso~y aote slull become d~ee and payable to~U~~rid? or theroatte~ at the op~ion ot ~ee M«~s,~ee as (ullr •nd compleeely_as if ~he said a~yre~ste aus of said ptomissoty note vas oti~iaally stipul~ted to be p~id m sueh d~y, anytsias ia said pcomissory note or Ae~eio to the ca?truy aotvitAst~ndias. (j) ?hat ia o~der to acceluate the maturity ot the indebtedness hcreby sacured. because ot tAe f~ilure ot We Mortsa~or to pay aay tax, ~ssessmeat. liability, oplijation a encumbraace upon s~id p~operty. as herein provided. it shall aot be aecessary or requisite tA~t the mort~asee ahall tirst pay tbe same. , 2. The Mortgagee may, at his options and without waiving 6is right to accelerate the indebtedness hereby j secured and to faeclose the same, pay either before or after delinquency any or all of those certain obligations required by the terms hereof to be paid by the Mortgagor for the protection of the mortgage secarity or for the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be char~ed into the mortgage account and become an integral patt thereof, subject in all respects to the terms, co~ditions, and covenants of the aforesaid promissory note, and this mortgage, as fully ar?d to the same ~atent as though a part of the oriainal indebtedness evidenced by said note and secured by this mottgage, exceptin6 however. that said ; sums shall be repaid the Mortgagee [orthwith upon its demand and be in addition to the regular monthly install- ~ ments provided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged ptoperty shall at all times, during the life ~ of this mortgage, remain in possession of the Mortaagee and in event of the foreclosnre of this mottgage or other ~ transfer of title to the mortgaged property in extinguishment of t6e indebtedness secured hereby, all right. title and interest of the Mortgagor in and to any such abstracts of title shall pass to the purchaser or graatee. 4. To the eztent of the indebtedness of the Mortgagor to the Mortgagee described herein or secared hereby. the Mortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of tach t and every mortgage, lien or othet incumbrance on the land described herein which is paid and/or satis~ed, in whola or in part, out of the proceeds of the loan described herein or secuted hereby, and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and eac6 of them hereby is preserved and shall pass to and be held by the Mortgagee herein as security fot the indebtedness to the Mortgagee 6erein described ot hereby secured, to the same extent that it would have been preserved and would have been passed to and been held by the Alortgagee had it been duly and tegularly assigned, transfeaed, set ovet, and delivered unto tbe Mort- gagee by separate deed of assignment, notwithstanding the fact that the saiae may be satisfied and cancelled of recocd, it being the intention of the parties hereto that the same will be satisfied and cancelled of record by the holders thereof at or about the time of the recotdina of this mortgage. S. in the tvent the ownership of the mortgaged premises, or aay part thereof. becanes vested in a person other than the Mottgagor, the Mortgagee may, without notice to the Mortgagor, deal with such successa or suc- cessors in intecest with reference to this deed and the debt hereby secuted, 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 ptemises hereby mortgaged and no forbeatance on the part of the Mortgagee, and no ex- f tension of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to release, discharge, modify, change or a[fect the original liability of the Mortgagor 6erein either in whole or in part. 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- ness, however evidenced, whether by said promissory note ot any renewal or eatension theteof or substitute there- lor, or otherwise. until alt such indebtedness shall have been fulfy paid. In the event the mortgagors sell, convey or transfer the moilgaged premises during the IiJe o~ this mort- gage, then this mortgage shall, at the option o~ the Afortgagee herein, become immedeately due and payable Jor the ; jult swn oJ the principal balance and interest then due. 8. The tenns "Mortgagot" and "Mortgagee" whenever used in this instrument shall include the heirs, personal representatives, successors and assigns of the respective parties he~eto. Wherever used the singular f number shall incl~e the plural and the plural the singular. and the use oE any gender shall include all genders. f i ~ Sign , seale nd iv ed i the presence of: (Seal) ~ (Seal) ~ ~ r ~ ~ STATE OF FLORIDA COUN pF~ ss ~ ~St. Lucie - _ ~ Before me personally appeared MA,Ry A. FAGARTY, an urnnarried W~~1, - to me well known and Icnown to me to be the iadividuals described in and w6o eaecuted the fotegoina instriuneni. and acknowledged before me that they executed the same for the porposes thereia expressed. WITNESS my hand ~ and o~cial seal in the County and State last atmesaid this AZ J 1~9 i t ND RECOROED . ~ FILED A - ~ ~T. Ll;C1C CCUNTY. FLA. _ ~,,;f:-, ~ ^~^^L ,.4_M`~,.~r , . ; s ` ~ ~+ly Commission Expiros: JL111E 30 1971 Notary Public, State o ~ 'Ls 3a A~~3 G_~ . ~ 1'~`~5 : - ~ ~ {:0 , p~TR~S ? ~ CLE~F: CtRCUIT COURT , ~ ~ ~~~~178 ~~~~.422 ~ . _ _ ~ , ~ ~~:s~~ . . ~ _ ~ _ _ . ~ _ _