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Home My WebLink About1319 . . . Our file 5-19,179 th~s ma~{~~e or otAer ~ransfe~ of title to ~he mo~t~a~ed popc~~y ia eatm~u~sMaee~ ol the ~ndebtedness aecured hereby, ~II ~~~h~; uqc ~nd ~o~erest of the Mo~~{~~ut ~n ~nd to any ~nswsnce polic~es then ie (orce sA~ll pasa to ~he pucch~ser a~sntes. (A) To pertam. comply +ritA anA abide Sy t~cA and everY ~e s~~pulations. a~reements, eondit?ons aad toven~nts ~n said prom~sawy eote ~i?d in th~a deed set torth. (i) Thst ~ny of xaid sums of money he~e~n reterred to be not proap~lY (ully psid wuh?n fitteen days ee~t s(ter the ssme sevenlly becoaes due snd payable,ar if eacA ~nd every the stipulatioas, ss~eements, cond~~ioas u~d covcnants of caid prom~s- sory no~e and this deed, a eitAer, are not tully performed. caeplied ~ritA snd ~A~ded by, the s~id ~µrc~ate sum a?entioned ?n said paeissaY note sA~ll becaee due aod paysble fartAr~th o~ tAereafter at the option o/ tAe Mort~a~ee ~s (ully aed caeptetely as il the s~id a~{re~ate awa o( sa~d pranisso~y note Was or~~~nallr supul~ted to pe paid an such d~y, anYth~n~ in a~id praaissory ~ote or herein to the co~trary notvi~hst~nd~n~. 1 Th~t ~n order to acceler~te the mawnty ot the indeptedness hereby secured, because o( tAe fulure of the Mo~i{a~or to pay any ta~, assessment, I~abil~ty, obl~~at~on ot tocwnbrtnce upon ssid proper~y, as herem provided, it sAall not be necessary a requlsite 1Aat the mort~a~ee shall first pay the same. 2. The ~tortgagee may, at his option. and without waiving his tight to acc~lerate the indebtedness hereby secured and to foreclose the same, psy either betote or aftet delinqueacy any ot all of those cettain obligations required by the terms hereof to be paid by the Mort~agor ior the protection of the mortga~e secucity or for the col- lection of the indebtedness hereby secuted. All sums so advanced or paid by the Mottaagee shall be charsed into the mortgage account anJ become an integral part thereof. subject in nll respects to the terms, conditions, and covenants of the aforesaid promissory note, and this mortgage, as fully aod to the same extent as thouah a part of the ori6inal indebtedness evidenced by said note and secured by chis mott~a~e. excapiing hauater. :hst ;si~ t sums shall be repaid the Mottga~ee forthwith upon its demand and be in additioa to the re6ular monthly install- ments provided by the mortga`e note. 3. That the absuact or abstracts of title covering the mort~aged 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 trancfer of titie to the mort~aged ptoperty in extin~uishment of the indebtednesa secured hereby. all riaht, title and interest of tha Alortgagor in and to any such abstracts o! title aball pass to the purchaser ot srantee. ~i. 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 ot liens and to the rights of the owners and holders thereof of each and every mortgage, lien ot other incumbrance on the land described herein which is Paid and!or satisfied. in whole or in part, out of the proceeds of the loan described herein or secured hereby, and the respective liena of said mortgages, liens ot other incwnbrances, shall be and the same and each of them hereby is pceserved and shall pass to and be held by the Mortgagee herein as security for the indebtedoess to the Mortgagee hetein deacribed or hereby secured, ta the same eatent that it would have been preserved and would have been passed to and been held by the A~ortgagee had it been duly and regularly assigned, uansferred. set ovet. and d~livered unto the Mort- gagee by separate deed of assignmcnt, notwith~tandina the fact that the same may be satisfied and cancelled of record, it being the intention of the parties here~o that the same will be satisfied and cancelted of record by the , holders thereof at or about the time of the tecording of this mortgage. 5. ln the event the ownecship of the mortgaged premises, or any patt thereof, becomes vested in a person other than the Mortgagoc. the Mortgagee may. without notice to the Mottgagor. deal with such successot or suc- cessors in interest with reference to this deed and the debt hereby secured, in the same manner as with the Mcxt- gagor without in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortga6ed and no forbearance on the part of the Mortgagee. and no ea- tension of the time for the payment of the debt hereby secured given by the Mortgagee ahall operate to release, discharge, modify, change or affect the original liability of the Mortgagor herein either in whole or in part. 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- ness, howevet evidenced, whether by said promissoty note or any renewal or ealension ihereof or substitute there- for, or otherwise, until all such indebtedness shall have been fully paid. ~ ; 7. In the even~ the mortgagors sell, convey or hansJer the mortgaged p?emises during !he lije oj this mort- f ~aRe, then this mo~t~aRe sholl, at the option oj the btortgagee herein, hecome immedrately due nnd paya6le jor the , ~ Jul! sum oJ ~he principal 6alance and interes~ then due. , 8. The terms "!Nortgagor" and "Mortgagee" whenever ~sed in this instrument shall include the heirs, ; perconal tepresentatives, successots and assigns of the respective patties hereto. Wherever used the singular ~ number shall inctude the plural and the plurat the singular, and the use of any gender shall include all genders. ! ~ ' i 3 Signe sealed i er d in th prtsence of: (~a~) ~ T -~~tiic/ ~ ~~~..t/t~• 0 f ' ~yG~._ (Seal) ~ ~ •l _ ~F ~ ! ~ STATE OF FLORIDA I ~ COUNTY OF ~ SS ~ ~ ST. LIICIS ~ggY E. R ICHARDS a.nd EDNA I~OUISE BICHARDS hi s ~ Before me personally appeared ~ ife ~ to me well known and known to me to be the individuals described in and who executed the foregoing insttume~t, and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand ; and ofPicial seal in the County and State last afotesaid this l~th D~y of Janua 19`~• ~ ~ ~ ~ ~ " ~ - ; ~1y C~xnmission Expires: ~ne ~O! l~' 1 Notary Public, State of ~ ~ . Fi~EO nr~o RECOROEO . ~ ; ~ ; ST. LUCIE COUNTY. FLA. ,rvT , ~ - ' ~ < ~~P~ '~'~ii~'~' ; ~ ~ 18 ~ ~ ~ - 1 ' 8`~'g ' - ~s c- ~ ~ro ~;~r~ z3 PM 3 : i 9 . ~ I ~ . • ~'Tf~..S ~L 0 R Qq i CLFRK ~;RCUIT COURT 600K~~7~r PACE13~? ~ ; . _ . , _ . _ ; , . _ _ ~