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Home My WebLink About2182 V1~1r~~11ZC 7 1o~G/V i ~ this matia~e or other u~aate~ o( title to the mon~a~ed property Ip QllIAjY1fI1CIQ111 O~ td0 indebtedaess secured herebY. all ri~Al, title ~ad iate~est of Uie Mat~~sor ia and to ~ay iasu~aace policies then ia faoe sh~ll p~ss to tbe pureAa~e~ or snatee. (h) To perform. complr ~rith ~ad ~bide by e~cA aad erery tAe stipulations. asreeiseets, coaditioas ~od covenaa~s in said oroaissory aote aod io Wis deed set to~th. (i) Th~t it ~ny o( said aum~ ot moneY bereia refened to be aot pro.ptly ~ad fully paid ~ithia titteea days nez~ altet the saoe aeverally becomes due snd yaYable.a~ it e~cA aod eve~y tbe stipul~tiau, ~sreements. conditiau aod covenaau ot said promis- sory aote ud tbis deed. or either. ue aot tully per(ormed. compiied ~ritA aod ~bided by, the aaid aure~ate suo~ eeationed ia s~id prosissary aote s6a11 become due and paYaple torth~ith a t6ereatcer at the optioa ot tAe Mo~t~ssee as fully and cospletely as it the said aure~ate sus ot said p[omissory aote ~~s orisiaally stipulatod to be paid aa sucA d~y. aaythin{ io asid prasisaoty note'ot herein to tlw coattuy aot~ilhstaadias. (j) That in order to accelet~te the m~turity ot We ia.iebtednoss hereby secured. becawe o[ We failure of tAe Mo~tja~or to pay any ta:. assesaseat, liability, oblisation o~ eacumbrance upoa s~id p~operty. ~s 6areia provided. it shap eot be aecessary or requisite tbat the oortp~ee sh~ll Rrst psy the same. 2. The Mortgagee may, at bis option, and without waivinE his tight to accelerate the iadebtedness hereby secured and to foceclose the same, pay either before or after delinquency any ot all of those cettain obli~ations required by 1he terma hereof to be paid by the Mortgagor for the protection of the aartga`e secnrity or for the col- lection of the indebtedness heceby secured. All suma so advanced ot paid by the Mortgaaee shall be char~ed into the motttaae accouat and become an intearal part thereof, subject in all respects to the terms, conditions, and covenants of the aforesaid promissory note, and this mortgage, as fulty and to the same exteat as thou~h a part of the original indebtedness evidenced by said note and secuied by thia mort~age, e:ceptiag however, that said sums shall be repaid the Mortgage~ [orthwith upon its demand aad be in addition to tbe regular moathly install- ments provided by the moctgase note. 3. That the abstract or abstracts oC title cov~ring the mortgaaed property shall at alt times, durins the life o( this matgaae, remain in possession of the Mortgagee and in event of the foreclosuce of this mortgage or other transfar o[ titte to the mortgaged property in extiaguishmeat of the iadebtedness secured hereby, all tight, title and interest of the Mort~asor in aad to aay such abstracts of title shall pass to the purc6aser or srantee. • 4. To thc extent of the indebtedness of the Mortgaaor to the Mottaagee described herein or secar~d heceby, the Mortgaaee is hereby subro6ated to the licn or liens and to the rishts of the owners aad holders thereof of each and every mortgage, lien or other incumbrance on the land described hereia which is paid aad/or satisfied, in whole or in part, out of the proceeds of 16e loan described herein or secured hereby, and the respective liens of said mortgages, licns or other incumbrances, shall be and the same a~d esc6 of them heraby is preserved and shall pass to and be held by the Mortsagee herein as security for t6e iedebtedness to the Mortgasee herein described or hereby secured, to the same eatent that it would have been preserved aad would have been passed to and been held by the Mortgagee had it been duly and regularly assianed, transfened, set ovet, and delivered nato the Mort- gagee by separate deed of assi6nmeat, notwithstanding the fact that the same may be satisfied and caacelled of record, it being the intention of the parties hereto that the same will be satisGed and cancelled ot record by the holders theteof at or about the time of the recording of this mortgage. S. In the event the ownership of the mortgaged pre~ises, or aoy part theceof, becanes vested in a person other than the 4iortgagor, the MottgaEee may, without notice to the Mottgagor, deal with such succ~ssor ot suc- cessors in interest with reference to this deed and the debt hereby secuced, in the same manaer as with the Mort- gaaor without in any way vitiating or dischar6ing the Mortgagor's liability hetcunder or upoa the debt hereby secured. No sale of the premises hereby mortgaged and no fabearsnce on the part of the Mortgasee, and no ex- tension of the time for the payroent of the debt hereby secured given by t6e Mortga6ee shall operate to release, discharge, modify, change or a[fect the original liability of the Mortgaaor herein either in whole or ia part. 6. The lien of this deed secures and shatl continue te sec~re payment of said indebtedness or indebted- ness, however evidenced, whether by said promissory note or any renewal or extension thereo[ or substitute there- [or. or otherwise, until all such indebtedness shall have been fully paid. - 7. In the event ~he mortgagors sell, co~vey or transjer the ~xo~tgaged pren~ises during the lije oj this mo~t- ~ gage, then this ?nortgage shall, at the op~ion oJ the Mortgagee herein, becon~e iminediately due ond payoble jor the f Jull swn oJ the principal 6alance ond interest then due. `t 8. The te~ms "Mort~agor" and "Mort6asee" wheaever used in this instrument shall include the heics, ~ personal representatives, successors and assisna of the respective parties hereto. Wherever used the sinsular ~ number shall include the plural and the plutal the singular, and the use of any 6ender shall include all gendera. ~ ~ ~ t ~ Sis d, seale nd iv d~ the presence of: r~`~ (Seal) ~ ~ (SeaU # ; ~ STATE OF FLORIDA ~ ~ COUNTY OFZ~ ss ~ Be~ore me' persUooa y appearod IYffi DAYI3~ au unaal~lsd wOa~~ b~ th~ nti?~1dOpr O! ~ to me well knowm aad known to me to be t6e iedividuals desctibed ia and who executed ~d~~~sQm~~tft"' E and ackaowled~ed before me that they execoted the saroe foc the p~vposes therein expcessed. N[TNESS my hand # ~ and of(icisl seal in the County and State last aforesaid this 218t D~ OZ ~ 1~9 ~ ; . . ' f,; . ~ ~ ~ ~ o~ ~ i ~ Wy ~s~~~~ J1ia~ 30~ 1971 Nocaty , ate o~ : : ~ 'Y . ~ ' . ~ t T ST. LUCtE COUNTY, FLA, ' 7f ^.O~C `'~~lFtE~ ~ . ~ ~ , ~ iV~ I • '3~}'.~ • - '69 J`±C II PN 3:52 . Ci+~ . ~ ~ ?~c~~~Ra~ O R Q~ ~ C~ERK C;FCL'tT COURT 60~(1~ PAG:~vV ~ . , _ ~ _ 4 _ ~ -~~c ~ _ _ ~ ~~u ~h.,`-~~~