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Home My WebLink About0573 Otir file 5-18~883 th~s wwt~i~e a otAer tnnsfer o( uile tu the mortra~ed ptopci~y ~n ea~~n~u~~M:ent o1 tAe ~ndeDtedne~c securrd Acreny, ell nrAt, tulc and mierest o( e!?e Mort~~aur ~n an.t ~o any ~nswsnce pulic~es thee ~n torce yhsll pacs to tAe pur.ha~u ur Rran~ee. (A) To per(Meu. comply +r?tA rnd •bide by e~ch and eve~y tAe sl~puisums. a{rcements, cond~pona •nd c~,ven.nt. ~n .s~d pr~~m~...•r~ eote uwf io th~s deed set (orth. That ~f ~ey o( ya~d suau ot ewne)' he~e~n ~efrrrrd tu be not promptlY and (ully pa~d ruh~n (~ft.•.n Ja>. nr.~ ~n~r the a~me severatly ~tcomea due and paY~ble,a ~f ta~h and eva~ the +t~pul~~~ons, a~teements, cood~t~an. and co•enan~c ~.f .aiJ peum~~- say note a~d this deed, or euher, ue not fuliy per[ormed, compi~ed w~tl~ and ab~ded ~v, the .a~a e~~regaie sum menuonrJ ~n .a~d panissay note shall become d~e and paYable tortA+~th or thereaf~er ~t the op~~on ut ~he Mat`eaee as tully •nd completel> a. ih.• snd aa~e~~te swa o( said pram~~saY note ras on~~na11Y supulated to bt pa~d on such J~Y. anyth~n~ m ss~d ptom~s~~~ry nntc or he~~~n ~ to the contruy notwithstand~n~. } That m order to accelee~te the matun~y uf the indebtedness Mrcby securtd, because o( the fa~lure o( the \1urt~ta~.~r ~u pa> any t,.a, •s.ecsment, lubility, oblisation ~x rncumb~ance upon sud propetty, as herem provided. shall not be ne~r..ary ur reQwsue thai thr m~utsa~ee shall f~rst pay the ssme. 2. The ~lottgagee may, at his option, and without waiving his tight to accelerate the indebtednes~ hereb~• secured and to foreclose the same, pay either before or a[ter delinquency any or all of those certain ~bl,igati~~ns required by the terms hereaf to be paid by the Nortgagor for the protection of the mortgage security or for the c~,l- lection uf the indebted~ess hcreby secured. All sums s~~ advanctd or paid by the ~~lortgagee shall be charged into the murtgage account and become an integra) part thereof, subject in all respccts to the term~, rorniition~, anJ covenants oG the aCoresaid promissory note. and this mortgage. as fully and to the same extcnt as thoug~ a part of the original indebtedness evidenced by saiJ note and secured by this mortgage, excepting hov?ever, that caiJ ~ums shall be tepaid the Alortgagee forthwith upon its demand and be in aJdition to the regular monthly in~t~ll- ments provided by the mortgage note. 3. That the abstract or abstracts ot title covering the mortgaged property shall at all times, duting the life of this martgage, remain in possession of the hlortgagee and in ever~t of the foreclosure of this mortgage or othcr ttan~fzr of title to the mortgaged property in extinguishment of the indebtedness secured hereby, ail right. t~~le and mterest of the `lortgagor in and to any such abstracts of title shall pass to the purchaser or grantee. ~3. To the extent of the indebtedness of the Mo~tgagor to the ~lortgagee desccibed herein ot secured hereby, , the ~lortgagee is hereby subtogated to the lien or liens and to the rights of the owners and holdets theteof of each and every mortgage, lien or other incumbrance on the land desctibtd herein which is paid anJ: or satisfied. in whole or in part, ont of the proceeds of the loan described herein ot secured hereby, a~d the respective liens of said mortgages, liens or other incumbrances, shall be and the same and tach of them heraby is pr~served and shall pa~s to and h~ hcld by the 1~1o~tgagee herein as security for the indebtedness to the \lortgagee herein described or hereby secured, to the samt extent that it would have been pteserveJ and would have been passed to and been held by the ~11.rtgagee had it been duly and regulatly assigned. transferred, set over. and delivered unto the A1ort- ' gagee by separate deed of assignment, notNithstandmg ihe fact that the same may be satisfied and cancelled uf •record, it be~ng the intention of the parties hercto that the same w~il) be satisfied and cancelled of record by the holders thereof a! ~~r about the time of the recording of this mortgage. 5. In the event the ownership of the mortgaged premises, or any part therec:f, beccxnes vested in a ~erson othtr than the ~tortgagor, the ~tortgagee may, without notice to the \lortgag~x, de•rf w~th such succesior or iuc- cessors in interest with reference ta this deed and the debt hereby secuted, in the same manner as with the \Mrt- gagor w~ithout in any w•ay vitiating or discharging the Murtgagor's liability hereunder or upon the debt htteby secured. No sale of the premises hereby mortgaged and no forbearance on the pa[t of the !1lortgagee, and no ex- tension of the time for the payment of the debt hereby secured given by tht Mortgagee shall operate to release, discharge, modify, change or alfect the original liability oC the Nortgagor herein either in whole or in part. 6. The lien of this deed ~ecures and shall continue to secure paymeat of said indebtedness or indebted- ness, howevcr evidenced, whether by said promissory note or any renewal ot extension there~f or substitute there- i for, or otherwise, until all such indebtedness shall have been fully paid. 7. In the event the neor~~nRors selt, convey or transjer the morlRaRed prernises during the tije of this mo?t- ~ AaRe, then this mort,qaRe shall, a1 the option nj Ihe ~fo?tgugee herein, hecnme intmediateh~ due and payab~e for ~he JuU sum oJ Ihe prinripal twlance and ir+teres~ then due. ! ~ 8. The terms "tilortgagor" and "Alortgagee" v?•heoever used in this insttument shall incluJe the heirs, personal reptesentatives, successars and assigns of the respective parties hereto. Wherever used the singular number shall include the plural and the plural the singular, and th~ use o( any gender shall include all genders. . Sig d, seale d e v ed in e presenc I ~ (Scal) CO ~h~L/ (Scal) ' ~ ~ ' } STATE OF FLORIDA I co~~: ~u~ ~ ~ ~ ~ WII,LIAM A. CI,F;P~~ND, SE.., also known as WILLIaM Betore me personalty appeared S~ ~•,J~yTyj~,j~ ~ SR. etIId EVTLYN B. CZiE~TETi~IQD ~ hl~f ~C k to me well known and known to me to be lhe individuals desctibed io and who executed the foregoing instrument, and acknowledged before me that they executed the same fot the pur(~oses therein expressed. W(TNESS my hand ° ~ and official seal in the County and State last aforesaid this 8th Da~y oY November, 1969. ~ ~ ~ ~ ~ • ; ~ • ' . 4~ ~+ly Canm~ssio'n`Expires: Jt~n~ 1~3']l Notary Public, Stale of , T~ : ' F~~EO ANO~aE~~ao~'o~., j ~ , ~s= ST. LUCIE COUNTY~'~~^• - _ • ~ ~ ~ ~ - ~ RECOR~ VERIFIED = c ~ . . ~ 186'~10 - 1 ~ '69 NOV 20 PM :31 ~ --~°L . ~ ~O;,~R POITRAS 7 BQ~K i~~ PACE V r~(3 CLERK CtRCU~T ~OUR ~ ~ - _ ~ . . . . _.a,_,~.~~