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Home My WebLink About1970 th~~ mw~~a~e or o~her ~nnsfer ot h~le w ~he mort~a~ed ptopetey io eiiin~ui~hment ot tAe ~nde~tedaess secwrd l~ereSy, •11 n~ht, htle snd ~nterest o( ~he ~Iw~ja~w m~nd lo any msuunce pul~t~es Ihen ~n (urct shall pyss to ~he purcA~se~ or ~~antec. (h) Tu per(Mm, cnmply W~tA and ab~de by eacA and evay the supulat~~+ns, a«eements, cond~qons and coven~nt~ in sa~d prumicsay note and in ~A~. derd set twtA, 1 That i( any o( .a~d sums ol monev Aett~n ~e(erred to At not prompUy and (ully p~~J ~ ~th~n (~hern days ne~i wteer the samc ae•c~rlly becwnes due ~nd paya~le,a ~f cac~ aod evety the st~pulat~ons, a~retments, cuod~ua+s arwl covenants of .aid prom~s- say note and this deed, or e~ther, are not fu11Y p~rfamed, tompi~ed ~•~tA and aQ~ded Ay, the ::a~d a{are~a~e suie meel~oned ~n caid pranisa«y note sAsll become due and paYable forUr~td or therea~ter ~t the opt~on o( the Mortra{ee as fully and completely as the a~id s~{re{ate aum ot sa~d pam~ssay no~e vas on~~n~lly supula~ed to be pai~1 on sucA day. anythm~ ~e syid promiasory note ur herem to ~he ca+tnry not~rithsund~n~. 1~ 1 That m order to accelet~~e the matur~ty o! the ~ndebtedness Aereby secured, because o( the tailure o( tAe Mat~a<<u ~u p~Y rny ~aa. as~e.sment, I~aEil~ty, obl~~at~oe ot encumbrance upon ssid property, as here~n provided, ~t shsll not bt aecessary ot requ~s~te tAst ~he mort~a~ee shall f~rst pay tAe same. . The ~lortgagee may. at his option, and without waiving his right to accelerate the indebtedness hereb~ secured and tu foreclose the same, pay either before or after delinquency any or all of those certain obligations required by the terms hereof to be paid by the hlortgagor for the protection of tht mortgage security or for the col- lection of the indebtedness hereby secured. All sums sa advanced or paid by the Mortgagee shall be charged into the m~~rtgage account and become an integtal part thereof. subject in all rospects to the termc, conditions, and c~~venants of the aforesaid promissory note, and this mortgage, as fully and to the same extent as though a part of the original indebtedness evidenced by said note and secured by this mortgage. excepting however. that ~aid - sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regular monthly install- ments provided by the mortga~e note. 3. That the abstract or absuacts of title covering the mortaaged property shall at all times. during the life of this mortgage, remain in possession of the Mortgagee and in event of the foreclosure of this mortgage or other tranxfer of title to the martgaged property in extinguishment o[ the indebtedness secured heteby, all right, title and interest of the ~lortgagcx in and to any such absUacts of title shall pasa to the purchaser or gtantee. To the extent of the indebtedness o[ the Mortgagor to the Mortgagee described herein or secured hereby. the \lortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each and every mortgage, lien or other incumbrance on the land described herein which is paid and!or satisfied~ in whole or i~ patt, out of the proceeds of the loan desctibed herein oc secured hereby. and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each of them hereby is preserved and shall pass to and ha held by the 1Aortgagee herein as security for the indebtedness to the hlortgagee herein described or hereby secured, to the same eztent that il woutd have been pcesetved and would have been Passed to and been held by the At~•rtgagee had it been duly and regularly assigned, transferted. set over. and delivered unto the Mort- gagee b~~ soparate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of ~ record, it being the intention of the parties hereto that the same will be satisfied and cancelled of record by the huiders thereaf at ~~r abaut the time of the tecording of this mottgage. 5. In the e~•ent the ovrnership of the mortgaged premises, or any part thereof, becomes vested in a person other than the ~lortgagor, the tilortgagee may, without notice to the 1~lortgasor, deal with such successot or suc- cessors in interest ~•ith reference to this deed and the debt hereby secured, in the same manner as with the ~1ort- ; gagar w•ithout in anp way vitiating or discharging the !~lottgagor's liability hereunder or upon the debt hereby secured. IVo sale ~f the premises hereby mortgagtd and no forbearance on the part of the !Nortgagee, and na ex- tension of the time [or the payment of the debt hereby secured given by the Mortgagee shall operate to release, discharge, mcxlify, change or affect the original liability of the Alortgagor herein either in whole or in part. '4 ~ 6. The l~en of this deed secures and shall continue to secure payment of said indebtedness or indebted- ness, however evidenced, whether by said promissory note or am renewal or extension thereof or substitute thete- I for, or othcrw•ise, until all such indebtedness shall have been Cully paid. E 7. !n the eve•nt the morlgnAo?s sell, convey or t~ansjer ~he mo?tgaged premises during the life oj this mort- E ,~uQe. then thr~ mo??~aRe shall. at the option oJ the 1lortgvRee herein, hecome in~mediately due and payable Jor the ~ Jult~s?~m oJ thc• ~r~ncipal balance and interest then due. ; 8. The terms "~lortgagor" and "Mortgagee" whenever used in this ~r.strument shall include the heirs~ per~onal representatives, successors and assigns o[ the respective parties hereto. Wherever used the singular i ' numbet shall include the plural and the plural the singular, and the use of any gender shall include all gtnders. ' ~ e ~ / ~ / ~ igneJ. se ed livered i the ptesence ot: (Seal) ~ ~ ar~ ~ ~ a ~ (Seal) ~ Fear ams ~ ~ ~ STATE OF FLORIDA I ~ COUNTY OF ~]~B ~ ss St.Luci ~ Be[ore me personally appeared NARYEY LEE WILLIA1[S stld PTARL WILLIAMS ~21is wife _ ta me well known and known to me to be the individuals described in d who executed the foregoing instrument. ~ and acknowledged before me that they executed the same for the ses therein exptessed. WITNESS my hand and offic~al seal in the County and State tast aforesaid this day Of Deeember, 1969 f 'r - ~ Nofsy Pdbric. Stabe d P~orid~ at larg~ ~ i ~ tip Comeiissia~ Ex~es luaa 30, 1411 FILEO~N~'~~~~~~~~`~d1~~~O"~"''*(~;~ ~ Notary Public, St ~ ST. LUCtE COUNTY. FL~A. ` ~ ~:F~f`r!nD V~R!r=iEG ~ . ~ ~8~051 V~' / , ; ~ . ~ ~ : • ' • - ~ ~9 DEC I5 PM I .31 ~ ~~'`r- : . ~ J~_ ~ , . . ~ CLERK~CIRCUIT COURT 800K~~~ PACE1~~ ~ ~ ~ . ~ - - ~w~ . . .~s ~ _ ~._t