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Home My WebLink About0892 . ~ ~ Oyr file 5-18,651 iAis mat~~~e or othc~ uaaat~r ot titie to ihe ~t~~~ed propertr ia ~eatinsuishmen~ ot tAe ~ndebtedness secwed hereby, all ~isAt, fitle and in~erest ot tAe Mon{a~ot ia ind to anr inswance polieie~ thsa in torce shsll p~ss to tAe putcAue~ o< <nntse. (h) To perfas. cc~ly vitA and ~bide by each •ad eve~y tAe stipul~tioas. ~sceeaen~s. ca~ditioos aad coven~nts in said pran?siory note ~nd in ~A~s deed sst (o~~A. ) That it any o( s~id su~s o~ ma~ey hue~n refened ~o be not prosptly and fully p~id .riihm fiftecn days oe+et at~er tAe same se~erally becaMi dw aad ~~rabl~.or it each aad eve~y tAe stioul~tioas. ~~ccesenu. eondiiioas aad coven~ats of said prae~s- say note aad tAi• deed, ar either. ue not tully pertor~ed. casPlied ~ritb ~ad abided by. tAe s~id a{sre~aie sum menuoned ~n s~id praeissoty note sh~ll beeo~e due and paY~ble tmch~ritA a thereafter ~t tAe op~ioa o( the Mat~a~ec as fully aeM eompletely as i( tAe . a~Bd yae~~te iw~ o( ~~id pcawis~o~y aote N~s ori~~nallr stipul~ted to be p~id on sucA d~y. anythia~ iu ~~id ~aaissory no~e o~ herein ~o the coetruy not~ithstaadin~. , ~ (j ) That in order to accelw+~te the ~tu~ity ot tAe indebtedneis Aereby aecaed, because of ~Ae f~ilure of tAe Ma~~~~or to paY anY ~~x. ssseasa~eol. li~bility, obliaation or encwsMance upan s~id prnperty, ~s h:reie provided, ~t shall eo~ be neces.ary a teauisite tA~t the ~«~i.see ~+.u r~:~ P.y c~e sa.~. 2. The Mottga`ee may, at his option. and without waivin= his right to accelerate the indebtedness hereby secured and to faeclose the same, pay either betore or after deliequency any ot all of those certain obli=ations required by the tetms heceof to be p~id by the Mottga~or tor the ptotection of the moct~aae security or [ot the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the Mort~a~ee shall be char~ed into ~ the mortgage account and l+ecome an inte~ral part thereof, subject in all respects to the terms. conditiona. snd covenants of the afocesaid promissory note, and this moct~aae, as fully aad a che same extent as thou~h a patt nf the original indebtedness evidenced by said note and secured by this mortea=e. ezceptin` however. that said sums shall be repaid the_ Mortsaaee forthwith upon its demand and be in addition to the reaulac monthly instail- ments provided by the moctfa~e note. 3. That the absuact or abstracts o[ title coverinE the mortgagzd ptoperty ahall at all times. dutins the life of this mortgage, remain in possession of the Mortga6ee and in event of the foreclosure of this mon~a6e or other transfer of title to the mortgaged propeny in eatinguishment ot the indebtedness secured hereby. al! ri~ht, title and interost of the Mortgagor in aad to any such abstracts of title shall pass to the putchaser or `rantee. To ihe extent of the indebtedness o[ tF~e Mortsasor to the Mortaagee described herein or secured hereby, the Mortgagee is hereby subrosated to the~ lien or liens and to the rights of the owners and holders thereof of each and every mortaage, lien or other incwnbrance on the lund described berein which is paid and/or satisfied, in whole~ot in part. out o( the proceeda of the loan described hGraia or secured hereby..and the respective liens of said mortgages.liens or other incwnbrances, shall be s~d the same and each oF them hereby is presetved and shall pass to and be held by the Mortgagee herein as security for the indebtedness to the Mortgagee 6erein described or hereby secured, to the same extent that it would have been preserved and would have been pa~sed to and been held by the Mortaasee hsd it been duly and regulacly assigned. uansfened, set over, and delivered unto the Mort- gagee by sepantz deed of assisnment. notwithstandins tfie fact that the sasae may be satisfied and cancelled of record, it beins the intention of the parties hereto that the same will be satisfied and canGelled of record by the holders theteof at ot about the time ot the recordin~ of this morteage. S. In the eveet the ownetsbip of the mortaaaed premises. or any patt theceof. becomes vested in a person other than the M•xtsagor. t6e Mottgage~ may, without notice to the MortgaEa, deal v~?ith such successor or suc- cessors in interest with reference to this deed and the debt hereby secured, ia the same manaer as rvith the Mort- , gagor without in any way vitiatinE or dischar6ina the Mortgaaor's liability heceunder ot upoa the debt hereby ~ secured. No sale of the premises hereby mortga6ed and no forbearance an the part of the Mortgagee, and na ea- tension of the time for the payment of the debt hereby secured given by the Mortsa~ee shall operate to release, discharge, modify, chanss or affect the original liability of the Mortgaaor herein either in whole or in part. 6. The lien of this deed secures and shafl contiaue to secure payment o[ said indebtedness or indebted- ness. however evidenced. whether by said promissory note or any renewal or exteasion thereof o~ sabstitute there- i for, or otherwise. until all such indebtedness shall have been fully paid. ; 7. /n the event the ~nortgagors sell, convey or transjer the mo~tgaged ~anises during the lije oj this rnort- ~ Aage, then. this nwrtgage shall, at the op~ion oj the Afortgagee herein~ becorne in~mediately due and paya6le jor the i Jull su~n oj the principol balcnce and interest then due. ~ 8. The tenns "Mortgasor" and "Mortgagee" whenever used in this insttument shall include the heirs, s pasonal representatives. successors and assi6ns of the respective patties hereto. Wherever used the singular ~ ~umber shall include the plural and the plural the singular. and the use of any sender shall include all genders. ! ` Signed. sealed and delivered in the presence ot: (Seal) ~ ` (Seal) ~ t , STATE OF FLORIDA COUN~y O.F ~ gs ~ ST. LIIEIE ~ Before me personally sppeared CH~RLES ALESSI, an unmarried msri ~ to me well known and kno~?n to me to be the individuals described in and who executed the fore~oin~ insttument. ~ ` and acknowledsed betae me that they execnted the same for the purposei thereia ezptessed. WiTNESS my hand and official seal in the Coanty and State last afosesaid this 20fi.h Dep OP S ber, 1969. - FILEO AND RECORDED ST. LUCtE COUNTY. FLA.\ R~CORD VcR1FI~0~J~~i ~ l. ~ , f Vly Commission Expires: 6 P~ ' Notary Public. tate of . '69 OCT • ~ -y- _ } . 183955 , _ : - ~ioG~F ~•017RAS ~ , ~ ' y , CLERK CIRCU17 CflURT ~ ' ' • - f' . ° R 180 ~~E 890 - ~ ~ ~ eaoK . . . ~ ` _ _ ~ ; , _ - - - ~ ~ - . ~E~ . ~ ~?+~~x~~ . .