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Home My WebLink About1543 . ~ , . ~ • ` Our file 5=18,255 i ~ ~ this mo~t{ase or otAer uansfer ot title to tbe mortsa~ed ptope~ty in extinsu~sheoeat ot tAe indebtedneas secured heroby, all ~i~ht. title ~ ~nd intueri ot t~e Alo~t~aaot ia and to aay iasurance policies tAen in torce aAsll pasa to tAe purch~se~ or ~rsaiee. ! (IJ To perform, couply witA aad abide by each ~nd every tDe atipulatia?s, s~reements. coaditioas and covenanta ia said promissory note aad ia U?ia deed aet tortA. (i ) That it any o( s~id sums of moaey Aereia re(etted to be aot promptlY sad tully paid vichin fitteea days ne:t ~fter the s~oe severally becoses d~x aad payaple,or it each aad every tl~e atipulatioas. ~~reementa, conditioas aad coven~ats ot said p~aais- sory note aad 11~is deed, w either. ue oot tully perto~med, cowplied ~itA aad ~bided Sy, the s~id akrepte sus mentioned io said promissory aots shall becose due a~d pay~ble f«Mwith or Werea[ter at the option ot tbe Mort~a~ee ss fully ~nd caepletely as i( lhe said a{~te~~te sus ot said prowiasory aote ~~s otisinally stipulated to be paid oa aucA day. anythins ia said p~omissoty eote or hereia to tAe cont~uy aotvitluuadin=. (j ) TDat ia order to accelet~te tAe maturity ot the iadebtedaess bereby secured. Secause ot tAe failuce of We Mocts~~or to psy ~ny ua. assesssent, liability. oblijatioa o~ encwabrance upou sud property. as hereia provided, it shall aot be aecess~ry or repuisite th~t U~e mort~a~ee adall first pay We saoe. 2, The Mortgagee may, at his option, and without waiving his right to accelerate the indebtedness hereby secured and to foreclose the same. pay either before or after delinquency any or all oC those cettain obligations required by the terms hereo[ to be paid by the Mortgagor for the protection of the mortgaEe secwity or for the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be charEed into the mort~age account and become an integcal part thereof, subject in all respects to the terms~ cor~ditions, and covenants of tbe a[oresaid promissory note, and this mortgage, as fully and to the same extent as thoush a put ot the originah indebtcdaess evidenced by said note and secured by this mortga~e. e:cepting however, that said sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the rcgular monthly install- ments provided by the mortgsge note. 3. That the abstract or abstracts of title covering the mortgaged property shall at all times, duriag the life o[ this mortgage, remain in possession of the Mortgagee and in event of the fweclosure of this mortgaae or other trans[er ot title to the mortgaged property in eatinguishment of the indebtedness secured hereby, all right. title and interest o( the Mortgagor in and to any such abstracts of title s6a11 pass to the purchaser or srantee. 4. To the extent of the indcbtedness of the Mortgagor to the Mortgagec described herein or secured hereby, the Mortga6ee is hereby subrogated to the lien or liens and to the tights of tha owners and holders thereof of each and every mortgage, lien or other incambrance on the land described herein which is paid and/or satisfied, in whole or in part, out of the proceeds of the loan described herein or secured hereby, and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each of them hereby is preserved and shall pass to and be held by the Mortgagee herein as security [or the indebtedness to the Mortgagee herein described or hereby sccwed, to the same extent that it would have been preserved and ~vould have been passed to and beea held by the Mortgagee had it beea duly and regularly assigned, transferted. set over, and delivered unto the ~lort- gagee by separate deed of assignment. notwithstanding the fact that the sa~ae may be satisfied and cancelled of recocd, it being thc intentioa of the parties hereto that the same wili be satisfied and cancelled of record by the holders thereof at or about the time of the recording o[ this mortgage. S. In the event the ownership of the mortgaged preEnises, or any part thereof, becanes vested in a person olher than the Mottgagor, the MottEagee may, without notice to the Mortgagor, deal with such successor ot suc- cessors in interest with teference to this deed and the debt hereby secured, in the same mannet as with the Mort- gaaor without in any way vitiating or dischar6in6 the Mortgagoc'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 ex- tension of the time for the payment of the debt heteby secured given by t6e Mortgagee shall operate to telease. discharae, modi[y, change or affect the original liability of the Mortaagot herein eithet in whole or in patt. 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 extension thereof or substitute there- for, or otherwise. until ali such indebtedness shall have been fully paid. ~ 7. /n the event the mortgagors sell, convey or transjer the inortgaged pranises durir.g tbe life oJ this mort- ! gage, lhen this mortgage shall, at the option of the Mortgagee herein. 6ecoene inunedivtely due and paya6le jor the ~ jult sum oJ the piincipal 6olance ond interest then due. ~ 8. The temis "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, personal representatives, successors and assigns of the respective parties hereto. Wherever used the singular number shall inclnde the plwal and the plural the singular, and the use of aay 6ender shall include all genders. Sig d, seale nd liv n the presence of: ~~''Mi(J' ',(/~L'/' l (Seal) ~ ? ~fJ!_ Z~.L: ~~~ri L.C~~.~~GLff-i (Seal) ~ 1 STATE OF FLORIDA COUNTY O~ ss 8'1' . LIICI$ ~DDIE KITC~ and OD~SJ PICBDfB YITCHSS, hi ~ Before me personally appeared Wi=~ ~ TO!'~r~ b10YII ~ Q~ plC~a ~ to me well know~e and known to me to be the iadividuals described in and who e:ecuted the foresoin~ insvument, ~ and acknowled ed before me that the executed the ss~ne fo e_ urpc~ es ther in,y x resse NESS m hsnd ~ and otCcial seal in the Coaaty and State last aforesaid t6ia ~~p D~ J~ y FIL~D AND RECOROED ; • ; ST. LUC~E CQUNTY. FLA. ~ ~ =R'':~Q - „ , ~ JUa~ ~ ~ r ~ ~ _ Vly Canmiasion Expires: 19~ Notary Public. ~ 'fi9 J!!~ ~ 0 S • : . ~ l~ ~ - , ;c;;~~;~.: ~ ; i,,•17~GS .~.~1 ~ ~i, CL~ RK CtRCUiT COURT oaK 178 ~?i~~ . ~ g . ~ . -~Y . r 1 _ _dki rx ~ . . =c.,~ ~°"3~~"''s~.~.."X~°ae'~