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Home My WebLink About1445 O~,uc f ilo 5-19,180 tA~. mort~a~e or othcr tansfer of title ~u the mo~t~a~ed ptoperty in txt~nau~shmeM ol tht ~ndebtedness securcd he~eDY, ~U r~`ht, t~tle and ~ntcrest ol the Mort~~~a ~n ~nd to any ~nswance policiei thca in forCe sA~ll pasi to the pwcA~str or ~nn~ee. (A1 Tu pcr(Mm, comply With •ad a~~de hy eacA am1 erety tAe sUpulaUons, s~reeeeents, cond~UOns ~nd co~enrnts ~n ca~d prwmsswy no~e and in thia deed set forth. (i 1 That ~t any o( .a~d sums ot money here~n re(errcd to be not pranptly aaA tuUy pa~d ~•uhm f~her~ J:~y+ ne~t •Iter ~he samt sererally becomes due and p~yable,w d eacA and every the stipul~uo~s, a~ceements, cond~t~ons and covenants o( sa~d pnxn~s- sory nate and tMs deed, or eitAtr, ~tr not fully per[ormed, cotnplied ~~th and aA~ded Ay, tAe sa~d a~ac:;,3te sum menuo~ed ~n s~id promisawy note sAall pecane due and payable fathWitA or lhereafter at tAe opuon ot ~he Ma~~aaee as fully and complctely aa it tht aaid •s~resate sum o( sa~d promissay eote ~as a~~~nally supulated to be paid o~ such d~y, anyth~n~ ~n saed promissory no~e or here~n to ~he contruy not~rithstsndm~. 1 That m Mder to accNer~te ~he mawn~y ~t the indebtedness here~y secwed, Decause ot the ta~iu~e ot the Mor~`a<<x w paY any ~ax, •s.e~~ment,9ubili!y. obl~sahon or encumbrance upon sa~d praperty, as herc~n prowded, ~t shall not be necessary or requ~sue ~Aai the ~ mix~~a~ee .hall fua pay the same. i The ~io~tgagee may, at his option, and without waiving his right to accelerate the indebtedness hereby secured and tu foreclose the same, pay either before or after delinquency any or ali of those certain obligations required by the terms hereof to be paid by the Nortgagor tot Ihe protection of the mortgage security or for the col- lection of the indebtedness hereby secured. All sums so advane~d or paid by the Nortgagee shall be charged into x the mortgage account anJ become an integcai part thereof, subject in sli respects to the terms. conditions, and covenants of the aforesaid promissory note, and this mortgage, as fully and to the same axtent as though a part of the original indebtedness evidenced by said note and secured by this mortgage. excepting however, that said sums shall be repaid the Alortgagee forthwith upon its demand and be in addition to the regular monthly install- ments provided ~v the mortga~e nota 3. Tha: the abstract or abstcacts ot title covering the mortgaged property shali at all times. duri~.g the li[e of this mortgage, remain in possession o[ the Mottgagee and in event of the toreciosure of this mortgage or other tran.fer of title to the mortgaged property in extinguishment ot the i~debtedness secured hereby. all right, title and interest of the \tortgagor in and to any such abstracts of title shall pass to the purchaser or gtantee. 4. To the extent of the indebtedness of the Mortgagor to the Mottgagee described herein or secured heteby, the ~lortgagee is hereby subrogated to the lien or liens and to the rights of the owners and hoiders thereof ot each and every mnrtgage, lien or 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 liens of said ma~tgages, lie~s or othe~ iocumbrances. shatl be and the same and each of them hereby is preserved snd shatl pass to and be held by~ the Mortgagee herein as security for the indebtedness to the Nortgagee herein described or hereby sacured, t~~ the same extent that it would have been preserved and would have been passed to and been hcld by the Alortgagee had it been duly and regularly assigned. Uansferted. set ovtr. and delivered unto the A1ort- gagee bp sepacate deed of assignment. notwithstanding the [act that the same may be satisfied and cancelled of record, it being the intention ~f ~he parties hereto that the same will be satisfied and cancelled ot record by the holders thereof at or about ?he time of the recording of tkis mortgage. 5. In the event the ownership of the mortgaged premises. or any patt thereof, becomes vested in a person other than the \lortgagor, the 4lortgagee may, without notice to the Slortgagor, deal with such successor or suc- cessors in interest vvith teference to this deed and the debt hereby secured, in the same manner as with the l~lott- 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 morigaged and no fotbearance on the part of the Mortgagee, and no ex- tension of the time for the payment of the debt heteby secured given by the A~ortgagee shall operate to release, i ~ discharge, modify, change or affect the original liability of the Alortgagor 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- ncss, however evidenced, whether by said promissory nate or an~• renewal or extension thereof or substitute there- for, or otherwise, until all such indebtedness shall have beeo fully paid. 7. In the event lhe morfgaRors sell, convey or transfer the mortgaged premises during the IiJe oJ this mort- ~~a~e. il;en this .r.nr!_~a~e shafl, at Ihe optiort of t6e tlort~agee herern, hccom~ immcdi~~ely due and payable Jor the Jull sum oJ thr prrncipal 6olance and inte?est then due. - ~ R. The termc "~lortgagor" and "~tortgagee" w•henever used in this instrument shall include the heirs, perconal representatives, successors and assigns of the respective parties hereto. Whetever used the singular ` number hall include the plural he plural the singular, and the use of any gender shall include a!1 genders. G , Sig ale d I er in presence o[: (Seal) ~ ' ' (Seal) ~ ~ ~ STATE OF FLORIDA I ~ ~S COUNTY OF$~Q ~etore'me~'pe~r'sonally apPeared TRN~ST KING aud DELIA MAE BING~ his wif9 r to me well knovm and known to me to be the individuals described in and who executed the foregoing instrument, ' and acknowledged be(ote me that they executed the same tor the,purposes therein expressed. WI N my hand and ~~fficial seal in the County and State last aforesaid this '/th Day of Janu ~-t~~. FILEO t;Np RECORDEO ~ ST. LUCIE C JUNTY. FLM. { + ~ - ~ ' . F~:_ ' 1 . ~1y C~?mm~ssion Erpires: June 30+ 19?~- Notary Public, State of F10T~d$' _ ~ JI i l~ S , r 'l~ 26 FM ~ • 26 - ~ ~ ~ ' i ~ ' 188~''~3 ~ : _ , . - _ vc ~ ~ r . ~1 i : ~ :J : l 1 i f %t t j ~ I ~J . " •"'i. • " i ~~~~s~~•~ t. - C~Er~K. C'r :U;T COURT ~ . , ~ ~ sooxl~2 PAGE1443 = ~