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Home My WebLink About1065 our t'i1e 5-19,155 , 1• . ~h~s ma~sa~e w o~ner uancter o( title tu ~he mott~s~ed ptopetty in eat~nsu~~hmen~ u( the ~ndebtednesa cecwed hne~+f, .11 rieht, t~~lt ~nd mte~est ol Ihe Na~{~~ut ~n and to any ~nswance polic~es then in torce sh~ll pass to the purcAsser or ~nntee. (h/ To peri~xm, cwnply rith snd ~~+Ide Ay euh and every tAe ct~pulau.w+s, a~reements, cond~lia~a •nd co~en•rnts in >sid prum~sao~y note and ie th~. derd se~ fa~A. - (i1 TAat it anY o( .aid sums of moneY hertin refenrd to bt not ptoenptly and fully pa~d r~th~n (iheen da>s neat alter the same severally brcwnes due and psyablt,or i( eacA and evety tAe atipulations. atreeme~ts, conJ~uon~ and corenan~s o( ~a~J promia- s~x~• note and th~s deed, or euher, are not tully per(ormed. c~rnDlied +~th and abidcd by, tAe .a~d aQ~~t~tate swo menuoned in sa~d prum~ssory note shall became due and pa~•able forthw~th a there~(tet at the option o[ the Atw~~a~ee as (ully and completely aa i( the caid a{pe~att sum o( ca~d prom~ssw~ note w•as onpnally sUpul~ted to be paid on such d~y, anyth~n~ in said p~omissory no~e or herein ~o the conuary not~~ihst~nd~n~. 1~ 1 Tha~ m orde~ ta acceler~ie ~he matunty ot the indebtedness hereDy aecuted, because o( ~he f~~lure o( the Mar~eator io paY ~~Y ~~x. a~.e..;ment. I~aD~l~t~•, obl~aat~an x enrumbrance upon x~~d propertY. as herem pror•~ded. ~t shall no~ be neces~ary .x reqws~te ~hat the mortRa~ee shall (irct pay tAe same. The \1c~rtgagre may, at his op~ion. a~d without wa~ving his right to accelecate the indebtedness hereby secured and ta foreclose the same, pay either before ot a[ter delinquency any ot all of those certain obligations requi~ed by the terms hereof to be paid by the Mortgagor for the protection of the martgage secutity or for the col- lection ~~f the indebtedness hereby secured. All sums so advanced ot paid by the Nortgagee shall be charged into the m~~rtgage account and become an integral part thereof, subject in all respects to the terms. conditions, and cov~nants oG the aforzsaid promissory ~ote. and this mortgage, as fully and to the same eatent as though a pa~t of the original indebtedness evidenced by said note and secured by this mortgage, excepting however, that said sums shall be repaid the [~lortgagae [otthwith upon its demand and be in addition to the regular monthly install- ments provided b~~ the mortgage note. 3. That the abstract or abstracts of title covering L':s mortgaged propecty shall at all times, during the life of this mottgage, remain in possession of the Mortgagee and in event o! the foreclosure of this mortgage or other trancfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all right, title and interest of thc \lortgagor in and to any such absuacts of title shall pass to the purchaser or grant~e. ~3. To the extent of the indebtedness of the Mortgagor to the !1lortgagee described herein or secured hereby, the \lortgagee ic hereby subrogated to the licn or liens and to the rights ot the owners and holders thereof of each and every mortgage, lien or other incumbrance on the land described herein which is paid and/ot satisfied, in whole or in part. out of the proceeds ot the loan described herein or secured hereby, and the respective liens of ~aid mortgages, liens or other incumbrances, shall be and the same and each of them hereby is preserved and shall pasc t~ and be hcld b~• the ~lortgagee herein as security for the indebtedness to the ~lortgagee herein described or hereby secured, a~ the same extent that it ~ould have been preserved and would have been passed to aad been hefd by the \t~~rtgagee had it b~en duly and regularly assigned, transfened. set over. and deliveced unto the Mort- gagee b~ separate deed oF assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it be~ng ~h~ intentio~ af the patties hereto that the same Ki11 be satisfied and cancelled of record by the holders thereof at or ahout the time of the recording of this mortgage. 5. ln the e~~ent the ow~nership of the mortgaged premises, or any patt thereof, becomes vested in a person other than the ~k~rtgagot, the ~tortgagee may, without notice to the !~tortgagor, deal with such successor or suc- cessors in intetest Mith refetence to this deed and the debt hereby secured, in the same manner as with the Mort- gagor without in any way vitiating or discharging the hlortgagot's liability heteunder or upon the debt hereby secured. N~ sale ~f the premise~ hereby mortgaged and no forbearance on the part of the':1lottgagee. and no ex- ` tension of the time for the payment of the debt hereby secured given by the !Uortgagee shall operate ta :~lease. discharge, modify. change or affect the original liability ot' the hlortgagor herein ~ither in whole or in part. 6. The I~en ~~f this deed secures and shall continue to secure payment of said indebtedness ot inde~:ed- ness, h~~Mever eviJenced, whether by said promissory nMe or r~e a`~~e~~~e~~~~~bf~t~ [or, or othetv?~ise. until all such indebtedness shall have been ful 7. /n the P~•ent the morl~e,qo?s sell, convey or tronsjer~i ~y~ ~n~'s~~n8' tf~e~~J~1t~~~s~ 1ae~'. then Ihr~ mnrteo~e shall. u? ~hP np~ion nJ the .11ortR~Ree~~ae~q~ Qpp~dg~ejg~~~d~a~~ ~i~; ~ Ju!! ,um of 1hr ~nnr~pal balance and interest thcn due. ~ ~ b~ ~~4~ R. The term~ "~tnrtgagor" and "\lortgagee" w•heneve s s n um t a t ~ per~onal repre~zntatives, successors and assigns of the re~i' • ~~e3f~EE~A$!~.'Wherever used the singular ; 4 number shall include the plural and the plural the singular, and t e f any gender shall i lude all enders. ~ ; . ~ igneJ, t n del~ ered in the presence of: (SeaU _ (Seal) I ~ STATF OF FLORID~~ I COUNTY OF ~ ~s BeT re me j~i~nal Iy apreared G~ORGE CLOSL ~ JR. 8IId MARILYN S. CI,OSE ~ H38 {~lf f e t~ me well know~n and known to me to be the individusls described in and who executed the foregoing instrument, and acknoa~ledged be~ore me that they executed the same for the putposes therein exptessed. WITNESS my hand and official seal in the Count~ and State last afotesaid this lOth D~y of Januar~, 1970. FILEO ~N~ RECOROED NTY. ~LA. . ~ r . ST. LUCIE ~ ~~~.IG~`=~ - :,t r~+. Z'o?.h ~ 3oj 1 q~I 1 igBJ~~ ~ty ('c.mmiss~on F.~pire~: ' Notary Public, State of ~30 ~.5~ ~ : ' - : c~.~. ~o ~m ~ • : - s:,Q~:F~ ? 0'TR: s '•••::.~:.r•• CLFP.K C:R~iJ1T COURT y aoaK1~~ r~c~~~~ ~ ~ ~ : x - - ~ ~ ~ = r ~ ^~.x._~ .