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Home My WebLink About0192 tA~s iwtl~~~e or other t~ana(ee of uUe to the m~xt`a~cd property ~o eaue~u~~hmem ul tAe ~ndrbtrdnesa .e.u~c~ hcre~~~, alt nrnt, ~u1r arn! ~nlerc~t u( tAe ~torttaju~ ~n and to anY ~nsw~nce pulic~es then tn fottt shall pass to the pw:Ra~er or Rraoter. lA) Tu perform. comply v~th •nd ab~dt by tacA and evt~Y ~Ae stipulatwn~. a~re:mrnt., cor.J~t~on. ~nd ce.~enant, in .a,~i pr,.m~..~.rv nott ~nd in tAis deed set IortA. lil That ~t any of aaid sums uf money he~e~n rctrr~rd to ~e noi promptl) and (uily pa~d r~th~n I~t:, ru a.•~~ .,!•:r ~he s~me ~cevenlly becomes due and paYable..x ea~A and every ~he supulauonc, aKrccmcnts, :ond~h~,n, and co.enrnn u~ .~iJ pr,~au.- swy note and this deed, ot e~thtt, are not fully perfamed, compl~ed W~th and ab~ded Ay, ~Ae .a~d ai6'rgair .um menu~mrJ .n .a~d promissorY note shall becaee due and payable fortAr~th a the~ea(ur at the opuun of ~fie .lloctaaYee as (ully ~nd :omple~rl~• said a~{tepte aum o( said prom~ssuty note Nas onr~nally ct~pulated to be pa~d m s~ih Jry, rn>th~n` in .aid ptom~s~uc)' n::~r or he~e~n to ~he contrpy nowi~Asund~n~. l~ ) Thai ~n order to accelerate the maw~i~y of ihe indebtednes. here~y secwed. ~ecause of iAe (ailure o( ihe \for~geg.~~ ~a> ~n> ~a~, rs.e~smen~, I~ab~llty, obl~gauua ca rn.umbr~nce upon ~a~d properiy, as herem pro~~de3, u shall not be ne.rn..~n or rcqw.i~e th,u !hr m.xtpRee shall f~rst pay tAe ~ame. The ~iortgagee may, at his option, and without waiving his right to acceletate the indebtedne+. hereby secured and tu foteclase the same, pay either befote ot aftet delinquency any or s?11 of those cerlain obiigatiun+ ` required by the terms hereof to be paid by the !~tortgagur for the protection of the mortgage security ~~r for the: c~?1- t Ir~t~an of tht indebtedness h~reby secuted. Ali sums so ad~~anced or paid by the !~lortgagez shall b~ chargr~ ~nt~s the mottgage account and becume an i~tegral part thereoi, subject m alt respects to the tcrm•, ronditiun., anJ covenants oG thr aforesaid promissun~ note, and this mottgage, as fully and to the same extent as th~~ugh u part ~~f the original indebtedness evidenced by said nate anJ secured by this mortgage, excepting however, th:~t ~aiJ sums shall be repaiJ the \lortgagee fotthwith upon its demand and be in additi~~n to tht regutat munthly in~t~ll- ments provided by the mortgage note. i. That the abstrac~ or abstracts of title covering the mortgaged propertp shall at all times, Juting the life uf this rmxtgage, remain in possession of the ~lortgagee and in event of the foreclosure of this mortgage or uthcr trancfer ot title to the mortgaged property in extinguishment of the indebledness secured hereb}•, all right, t~tle and intetest of the \fottgagc~r ~n and to any such abstracts of title shall pas~ ta the purchaser or granter. a. To the txtent uf the indebtedness of the ;4k~ttgagar to the ~lortgagee desctibed herain or secured hereby, the Rlottgagee is hereby subrogated to the lien or liens and t~~ the rights uf the owner~ a~d holders ihereof ot each and every rm~rtg:~gr. lien or other incumbrance on the land deccribed herein which is paid and'or satisfied, in whole or in part, out of the praceeds of the loan described herein or secured hzteby, and the respective licns of ~aid mortgages, liens or other incumbrances, shall be and the same and each of them hereby i~ preserved and shall pass t~• and h~ held by the 1lortgagee herein as security for the inaebtedness to the \lortgagee herein described on c~rebv serured, to the ~ame extent that it would have been preserved and would have been passed to and been held by the ~1~~rtgager had it been duly and ~egularly assigned, transferred, set over. and defivered ur?to the ~tart- gagee b~ separate deed of assignment, notwith~tanding the fact that the same may be satisf~ed and cancelled u( • recard, it bc~ng the ~ntention o( the parties hereto that the same will be satisfied and cancelled of record b~ the = hoiders thereuf at or about the time of the recording of this mortgage_ 5. In the event the oWnership .~f the mortgaged premises, ot any part thereof, becomes veste~i in a person other than the ~k~rtgagor, the \lortgagee may, w~thout notice to the 4lortgagor, deal with such succestinr ~r suc- ce~sors in interest w~ith reference to this deed and the debt hereb~• secured, in the same manner as with the ~tort- gagor w•ithout in any way vitiating .~r discl~arging the Alortgagor's liability hereunder or upon the debt hereb~- secured. No sale of the premises hereby mortgaged and no forbearance oa the part of the \lortgagee, and no ex- ; tensi~~n of the time for the payment of the debt hereby secured given by th~ Alortgagee shal! operate to release, ` discharge, modify, change or affect the original liability of the Mortgagor herein either in whole or in part. i 6. The lien of this deed secures and shall continue to secure payment of saiJ indebtcdnets or indebted- i ness, hc~wever evidenced, Nh~ther by said promissory nate or any renewal or eatension thereof or ~ubstitute there- ~ fur, or othetwise, until all such indebtedness shall have been fully paid. F € 7. /n the event 1he mortRaRors setL, convey or transfer Ihe mo?l~aQed premises du?ing the ~ e n t ~s mo~t- : kaRe. rhen this mortga,qe shall, at tl~e np~ion o! the Alo?tRagee herein, become immediate(~~ dr~P vnd payahle Jor lhr ~ ju!! sum oJ the princlpal balance and interest then due. ~ 8. The terms "hlortgagor" and "\lortgagee" whenever used in this insttument ~hall include the heirs, ~ personal representatives, successors and assigns of the respective parties hereto. Wherever used the singular ~ ~ number shall inclui~e the plura! and the plural the singular, and the use of any gender shall include all genders. ~ ~ , ~ , ; ( all ~ ~ S~ d, seal d J li •ered the es . ~ G ~ n c~.. ~,.h~e o~.-_ ( Se a I 1 ~ STATE OF FLORIDA I ~5 ~ ~ COUNTY OF~ ` St. Lucie FLOYD W. BURHETT also known as FLOYD W. BURKET aad { ~ Before me personally appeared B~KE`i"i'iYhis vQlfe ~ et180 kII01R1 88 GLADYS ? ~ to me well known and known to me to e6 "th£~~~~Is~es~cribe~Pd ~n ~and who executed the foregoing ~nstrumen~, ~ ~ and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hanJ i `j and ot'f~cial seal ~n the Count} and State last aforesaid this gth Day of No mber, 1969. ~ r ~ ~ June 30 1 1~1y Commission ~xpites: ~ 971 Notar Public, State of 1 T~ L~g~ 8"L @ ~ _ . ~ - ~FIlEO AND RECOR~ED~ ~ _ ~~G _ / ST. WCIE COUNTY. 1„~:' - ' ~ ~ / ~y DJE GR CLA 'C' ItiTANGlB~E ECiS: ~~p,OFTAXE~ F2ECORD VER~~I~ ~ Pi:itS_Ai~iT 10 CitAPT'R ?0724. 11C1r ~ERiY, lSS~i~ I - ~ OF 1941. " ~ Foc-~, Prn;er~, cr~~ a«~:t c~~~t '69 NOV I4 PM 3: S6 as Ager,# tot C;,,?II~L N, KNQW(i~ 1R ~ ~ St luue Cour. ~1ax Col or 600K~~1 PACE ~9~ , ~ By ~ RO~cR POITRkS ~ `L CLERK CIRCUIT COURT~ ~ DEPUi1f CI~RK ~ - - - ~ ; , _ : ~ `~a ~;r ~".s_~- - - - ~ y.~~ ~°,~~""~-~r. - ~