The URL can be used to link to this page

Home My WebLink About1207 ' ~ _ Our fi~e 5-18,710 tA~s aort~~{e or otber tnas(u ot title to tAe ~aort~~~ed ptooetly ia extin~u~sAoeat ot tAe indestedness secwed Aereby, ~11 r~sh~, ti11e snd i~terest oI tAe Mat~~a~ ia and to any iasuraaoe polio~es thea in forea sA~ll pias to tbe pYCCdsae~ o~ tr~ntee. ; (A) To per(am: cmPlr ~rid~ aad ~side by e~ch eretr Ws s~ioul~tioas. apeemenu, conditions ~ad covenaets ~n s~id praa~ssory { ~ note and in th~s deed s~t to~th. ~ (i 1 Tha~ it sny of said awes o( aaney here~a refe~red to be not pro~ptly ~nd fuUy p~id r•~tAm Gheen days next ~Qer ~ the same serenlly beco~s dus ~ad PsY~elc.or if eacA aad evtry the s~iPul~tioas. ~~reewcnta. conditioas ~ad corenants of said pras~s- i sory note snd tLis deed. or citAer. are aot fully per(oroed. cosplied vritA and ab~ded by. tAe s~id sure~a~e suai menuoned ~n said • t praaissaY nou slull beca~e due and p~Yable t~xthw~tA or thera~tter •t the oPtion o( ~Ae Mor~p{ee ~s fully ~nd completelY ss i( tAe I aaid aspea~te sus ot s~id ocaAi~sory aote ~~s o~~~enally s~ipul~teA to bs p~id oa sucA d~r. ~aythia~ is sa~d ~ani~say note or herein ~ to the ~ontnry aotvitAst~sdia{. • (j 1 TAat ie order ~o aceelerate the nuturity ot the indt~tedness Aereby secured, becauae of tAe f~ilu~e of the !?tat~a~w ~o p~y any ta~, ~ asxeaament. liahility. oslis~tion a~ encumbr~nce uper~ s~id p~operly, ~s here~n prorided, ~t shall no~ be neces~cuy a reau~siie ~hu tfie ~ mori~s~ee shall fust pay the awe. ~ 2. The Mort~a~ee may, at his option. and without waiving his riaht to accelerate the indebtedness hereby secured and to faeclose the same. pay either before or aftet delinquency any ot all of thost certaie obli~ations required by the terms hereof to bt paid by the Mort~agor fb~ the protection of the mort~a`e security or for the col- Izc~ion of the indebtedness hereby sec~ued. All a~rns co advanced or paid by the Mort~atee shall be char~ed into the mortgage account and become an intesral part thereof. subject in sll respects to the terms. conditions, and = covenants oi t6e atoresaid promissory note. and this mort~ase, as fully aad to the same extent as thou~h a part o~ the orisinal indebtedness evidenced by said note and secured by this mort`aae. excepting however. that said cums shalt be repaid the Mortsagee forthwith upon its demand and be in addition to the resulu monthly install- ments provided by the mataa~e ~ote. 3. That the abstract or abstracts oC title coverin~ the mortgaged pmperty shall at all times, durin` the life of this mortgaae. remain in possession of the Mortgaaee and in event of the~ foreclosure of this mortsa6e or other t~ansfer of title to the mortgaged property in eatinguishment of the indebtedness secured hereby, all ti~ht, title and interest of the Alortga6or in and to any such abstracts of title shall pass to the purchaser or arantee. To the extent of the indebtedness of the Mort~a`or to the Morigaaee desccibed herein or sccured he~eby, the ~lortgagee is hereby subroEated to the lien or liens and to the rights of the owners and holders thereoi of each and every mortgage, lien or other incumbrance on the Iand deacribed herein which is paid and!or sacisCed, in whole or in pan, out o[ the proceeds of the loan described herein or secured hereby, and the respectiva.liens of - ~aid mort`ases, liena or othet incumbrances, shall be and the same a~d each of them heceby is preserved aad shall pass to and be held by the Mwtga~ee herein as aecurity iflr the indebtedness to the R1ort~agee herein described or hereby secured. to the same extent that it would have been presenred and ~rould_have been passed to abd been held by the Mortga6ee had it been duly and reaularly assigned. transferred, sei over, an! delivered unto th~ Mort- gagee by separate deed of assignment, notwithstandin6 the fact that the same a~ay be satisfied and cancelled of record. it being the intention of the pa.*ties hereto that the same will be satisfied and cancelled ot record by the holders thereof at or about the time of the recordin` of this mottaate. S. ln the event the ownership oC the mortgased premises. or any part thereof. becomes vested in s person ather than the llMxtga`or, the iNortgagee may, without notice to the Mortga6ot, dea! with sush success~ or suc- cessors in interest with ceference to this deed and the debt hereby secured, in the same manner as with the Mort- ga`or without in as?y way vitiating oc discharging the Mataagor's liability hereunder or upon the debt hereby s secured. No sale of the ptemises hereb~~ mortgaged and no forbearance on the put ot the Mortgagee, and no ex- tension of the time for the payment of the debt hereby secured given by the Mortga~ee shall operate to retease. ' discharge, modify, chanae or affect the otiginal liability of the Mottgagor herein either in wfiole or in part. ~ 6. The lien o! this deed secures and shall contiaue to secure payment o[ ~sid indebtedaess or indebted- I ~ ness. however evidenced, whether by said promissory note or any renewal ot extension thereof or substitute there- ~ for, or otherwise, until all such indebtedntss shall have been fully paid. ~ 7. In the event the inortgaRo~s sell, convey or transjer the n~o~lgaged preneises during the lije oj this mo~t- ~aRe. then-this niorlgage shall. at the op~ion oj the Afor~gagee htrein, 6econ~e inua~diately due and paya6le jor the ~ Ju[I sum oJ the principat balance and inte~es[ then due. ° 8. The tenns "Mortgagor" and "Mottgagee" whenever used in this instrument shall include the heics, ~ personal representatives. successors and assigns of the respective pattiea hereto. Wherever used the singular numbcr shall include the plural and the plural the singular, a e e of any g e ahall inclnde all genders. S' ed, seal a ive in the presence of: ~ ~ Sea1~ (Seal) c..:: ~ r STATE OF FLORIDA ss COUNTY OF ST. LIICIT Befoce me petsonally appeated CLAIIDE D. JAMES; an unmarried man ~ to me well tnorvu snd known to ~ne to ba,ihe iodividusis desccibed in and.who axecuted the fore~oing inatrument. and acknowled~ed before me thet they execated the ssa~a for tbe p~vposes th4rein ex essed. NIITN ~ny hand and o(ticial seal in the County and State I.sst aforesaid this 25th Day Of ember, 1~9. . i FILED AND RECORDED ' : ST. LUCIE COUNTY. ~LA. - ~ F=` R~~~~~? VE~1%-IED ~1,. tr . :t~.~ - _ ..r ~ i ''J O .~"C- ~ ~~~Il IIA~ ~ ' Ny Commission Expices: JU11e 30~ 19? Notuy Public, Stat t-• '69 OCT 13 AM I~ ' 0 . - = ; _ . :;~:_s,~:. • f ~}J >~t ~„tsfj ~ _ _ j~ I=~~ f ~ ~,,_t • . Y ~1~$ 1 - ' • ~+t ~'0l7R~.S . ~1~ ~ •r , ii~:=c? ~..~;~:~,,rS~t~ ~ CLERK CtR~UIT COURT~ . , - . 600K 180 ~?~1204 " - x ~ r-~ , - - ~ ~ ~ 1~ ;s~ . _ _ _ .