HomeMy WebLinkAbout0763 V111~ 111C ~~17 ~ Z1J
~
tA~s mwtp~e or otAer u~nsfer of tiUe to ~Ae ma~~a~ed ptode~ty ~o e~t~n~u~shment of tAt ~ndebtednesliecured Aeteby, all r~SA1; t~~le
aad ~naereat o( ~Ae Afor~saj~x ~n ~nd to aey ~oau~ance policiei tAen ~n torce shall pass to iAe pucchaser or ~r~nue.
!h) To ptrfo~m, rompiy w~tA snd ss~dt by eac~ and evety the ~Upulauuns, atttemcnu, cood~hons and covenrnls ~n ~aid p?um~asory
rtole and in thix deed sel tortA.
(i1 TAa~ it ~ny of vaid sums uf moneY hc~cm refer~ed to be not ptanptl~ ~nd (ully pa~d ~uh~n fit~ern days oext aller (
the saoe severally becoe~es due and payabit,a if eacA aad every the at~pulapons, ~~reements, coruf~t~ons tnd covenan~s of cs~d prom~a- ~
xwy aae snd ih~s deed, o~ e~ther, ~re not tully pe~formed. coenplied M~~h aod ab~ded sy, ~he .aiJ a~reRaie aum menuoned m~aid
prcwn~ssaY oote s6a11 Secaae due and paYable fortAr~tA o~ thereatte~ ~t the option o( tAt Ma~~s~ec !ully and :ampietely aa if the
~aid a{{repte sua of sa~d ptan~ssoty note Wss on~~nally stipul~ted to be paid on sucA dsy, snythlns in s~~d prae~asory nou or Aerc~n
!o the cmt~ary no~vitAsqnd~n{.
1 Th.~ ~n Mder ta accNerate the matunry of the mdeEtedness htrcEy aecured, becaust o( the (~~lure of the A1wlp~ix ~o pay anr ~u.
a:.e..ment, I~ab~iily, obl~~aucx~ ix encumbrance upon s~id prnperty, ~s here~n p~ov:ded, shaii not be necescary a reqwsile ~M~ the
mort~atee xhall ltrst ~y the same.
2. The tturtgagee may, at his option, and~without waiving his right to acceleratc the indebte~lness hereby
~ecured and to foreclose the same, pay eithet be(ore or after delinquency any or all of those certain obligacions
required by the terms hercof to be paid by the Mortgagor tor the protection of the mortgage security or for the col- ~
lection of the indebtedness hereby secured. All sums so advanced oc paid by the Mortgagee shali be charged into
the mor~gage acc;aunt and becomc a~ integral part the~eof, subject in all respects to the terms,• conditions. and
ca~e~ants af thc aforesaid promissory note. and this mortgage. as fu!!y and to the same extent as thouah a part
of the origina! indebtedness evidenced by said note and secured by this mottga~e. eacepting however, that said
sums shall be repaid the Rlottgagee forthwith upon its demand and be in addition to the cegular monthly install-
ments pmvided by the mortgaae note.
3. That the abstract or abstracts of titte covering the mortaaged property shalt at all times, during the life
of thi~ mortgage, remaio in possession of the hlortgagee and in event of the foreclosure of this mortgage ot other
tran~fer of title to the mc~rtgaged property in extinguishment of the indebtedness secured hereby. all right. title
and intere~t of the ~lartgagor in and to any such abstracts of title shall pass to the purchaser or grantee. ;
To the extent o[ the i~debtedness of the ~Iottgagor to the ~tortgagee desctibed herein or secured hereby, ~
the ~lortgagee is hereb~ subrogated to the lien or fiens and to the rights ot the owners and hotders thereof of each {
and even mc~rtgage, lien or other incumbra~ce on the land desctibed herein which is paid and!ot satisfied, in f
whote or in part. out of the proceeds oi the loan describtd hcrein or secured hereby, and the respective liens of
~aid mortgag~s. liens ar other incumbrances, shall be and the same and each of them hereby is presetved and shall
pac~ t~ and be held br the \lortgagee herei~ as security for the indebtedness to the tilortgagee herein described
or hereby secured, to the same extent that it would have been preserved and would hav~ been passed to and been
held by the ~11.~rtgagee had it been duly and regulazly assigned. tcansferred, set over. and delivered unto tt~e Mort-
gagee b~~ separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled ot
record, it be+ng ehe intention of the parties hereto ihat 1he same will be satisfied and cancelled of record by the
holders th~re~~f at or ahaut the time of the recording of this mortgage.
5. In the e~ent the ow•nership of the mortgaged ptemises. or any part thereof, beccxnes vested in a person
other than the ~k~rtgag~x, the ~lortgagee may, without notice to the ~lottgagor, deat with such successor or suc-
cessors in interest w~ith reference to this deed and tho debt i~ereby secured, in the same manner as with the Mort-
gagor N-ithout in any way vitiating or discharging the Alortgagor's liability heceunder or upon the debt hereby
s~cured. Nn sale of the premises h~reby mortqaged and ~o Corbearance on the part of the Alcirtgagee. and no ex-
tensi~,n of the time for the payment of the debt hereby secured given by the ~4ortgagce shall operate to release,
discha~ge, modify, change or affect the original liability of the lNortgagor herein either in whole or in part.
6. The I~en of t6is deed secures and shati continue to secure payment of said indebtedness or endebted-
ncs~, hoKevcr eviJenced, w~hether by said promissory note or am• renewa) or extension thereof or substitute there-
for, or otherw~ise, until all such indebtedness shall have been fully paid.
7. In the Pvent ~he mortRaRors sell, convey or trartsJer the mortgaged premises du?ing the liJe oJ this mort-
,~a~e•. lhen Ihi. mnrt~oRe sha(l. ot fhe nplton oj lite .IlortRaRee herein, heco~ne immediotely due and payable Jor the
Jutt ,um of lhr pr~nc•~pal balance nnd interest then due.
S. The tertns "~lortgagor" and ";1lortgagee" w•henever used in this instrument shall include the heirs,
per~onal tepresentatives, successors and assigns of the respective parties hereto. Whetever used the singular
number shall include the plural and the plural the singular, and the use of any gender shall inclode all genders.
S" d, s ed n d iver i ~ ~ (Seal) ~
~ ~Seal)
' ~ i
; STATE OF FLORInA I
COUNTY OF ~ ~
~T. I,UCI~ y p~arcd ~'~SON MONROE 8IId QU~T MON80T ~ H3.s Wife
efore me personall a #
to me v?el1 known and knowrt to me ta be ihe individuals described in and who executed ihe toregoing instrurr,ent, !
anJ acknowtedged before me that ihey eaecuted the same for the urposes thergin expressed. Wf~~y~S my hand
a~d e?fftcial seal ~n the Countr and State last afotesaid this 3r~• D89 OI J821U8Z"~~ ~J'/V•
~~i,~, :~u: ~ri;;~'Z~- ~
- 1
. - ti '
f~ y ~ , _ . _ ; ~I
'
11y ('~~mmicsion 1~ rpires: _ JLl]48 30~ 1.9`~ Notary Pub ' o
FILEO AND RECORD ~ : - • ~ . ~ _ - _ c .
, ~ ~ ~.i, r~ :
ST. I.UCIE COUN7Y. FLA. ~ - ~ :c'i
,.•.'i ~ ~e
~n. V~RIGIED o . sb,.
r7,c,,. '7~ ; : .'~;~r,'~"rj-;'~';
1~ Y~ ~~~~uN
188 2 ~ ~ - .
~ I ~ PM 1 : ~ ~f>>;,; . -~.Y
70 JAN :
~dz~
~
,r;~ ;;R fOfTRAS
CLERK CIRCUIT COURT~ ~~kx~~j~ ~
0
~ - - ~ _ - - ~
~ ~
" - ' j -
~ . _ . : ~.,,~f~~~~