HomeMy WebLinkAbout1855 . Our iile 5-19 ~ 211 ~
ih~. mor~Ka~te .x o~her uansfe~ of ~~~le to ~hr mortKaged poperty m exunruuhmtM u1 the ~ndebtednr+~ ~tcurrd hrrthy, ,~U ~~~eh~, h~le
,~nJ ~n~e~rst of the 111wt~a~u~ ~n and tu any ~nwunre p.~hc~e. ~hcn ~n turce shall paa. ~o ~he putc~ase~ u+ ~r~ntee.
(hl To p.~tMm, rumplY W~IA and ab~de by ea.h anJ every the .upulat~ons. a~reaments. aon~lWonc and ca~enant. ~n vud prum~.~~ay
noir anJ ~n th~> deeJ .et forth.
Ii 1 That U.~n~ ..1 ~a~d sums W m.~na> here~n rctrn~d ta h~• nai prump~h and f.,l!> Paid ..~~h~n ~~ttrrn Ja~. nr~~ anc~ 1
~hr came sevrully becomes due ~nd paYablr,w ~f earh and eve~~ the shpulauons, a6recmrnts, cundit~ons and co~enams o~ ~~~J pran~~- ~
,,,r~ ~,•t. rnJ th~s detd, or e~ther, arc ~i:,: lolly per(orm~d, .~~mpl~rd w~tA and ah~drd Ay, ~he .aiJ agercK~~r ~um mrn.~.~r.rd :n .r~d ~
pa,~m~..w> o.~te shall becoene dur and payrble frxtA~'~th .~r therta(~rr at ~he ophan of tht \to~tEa~ee as (ull)' avd completely as d the
.r~d a«re~ate sum ot sa~d promi~.wy note ~as un~~nally supulated w be pa~d on such d~Y. an~th~n~ ~n sa~d prom~c~ury note or ficrt~n ~
t.~ ihr :oNrary not~ithstandms. •
ih~~ :n ~~+drr tu a~celeratc th,e mawru~ .~f ~ht indcbtedne.. herehy cecurcd, ?+t:ausr ol thc fa~lure o( ~~e \to~t~e~gor (fJ\' J~If ld~,
~..e~.ment, liabil~~y. obl~gauon .ir rncwnbrancr upon sa~d proprrt~, a. hercm pr~~~ded. n.h,.ll not be nt~r...u~ .K rcyw.~tr tArt ~hr
e~,.~cK.~~c:r .hell i~r.t p,~y the samr.
The \luttgagee may, at his option, and without ~~a~ving h~ti right to accelerate the indebtedne.. htreby ;
,e~urzd and tu forecluse the same, pay either before or after delinquency any ot all af those certain obl~gationt i
rcu~ur~t he th~ terms hereof to he paiJ b~~ the \lottgag~~r for the prot~ction of the mortgage securit>• ~r f~r th~ r~~l-
le:ii~+n uf thr indet+tedness hereby secured. All sums so aJvanceJ or paid by the Mortgagee shall be chargeJ ~nto
th~ murtgagr account and become an ~ntegral patt thereof, subject in all respects to the termc, conditiun~, anJ 1
r~~.rnants ~~I ~he afaresaid promissory ~ote. and this mottgage, as fully and to the same extent as though a part
~~i ~hc ~?riginal indebtcdne~c r~•idenced by said note and cecured by this mottgage, excepting how•e~~rr, that ~aid
~um. ~hall be repaid the ~t~rtgagee fotthw~ith upon its demand and be in addition to the regular monthh• ~n.tall-
mrnt. pmvided by the mottgage note.
3. That thc ahstract or abstracts of title covering the m~~rtgag~d pruperty shall at all times, during the life t
~~f th~. murlgage. remain in pos.e.sion of the \lortgagee and in event of the foreclosure of this mottgage or ~~ther !
uan.lrr ~~f t~tle tu the mortgaged pmpert~~ ~n cxtinguishment of the indebtedness secured hertby, all tight. title
.~n~ ~nterest of the ~lortgag~x ~n and to any such abstracts uf title shaU pass to the purchaser or grantee.
~3. To the extent of the indebteJ~ess of the Nortgagor to thr \t~?rtgagee described herein ~~r secured hereby.
th~ ~lortgager i. hercb~~ subrogatcd to the lien or liens and t~~ the rights of the owners and holders thereaf of each
and eeery mortgage. lien :~r other incumbrance on the land described herein which is paid and'or satisfied, in
whule ar in part, aut ~~f the proceeds of thr I~~an described hrrein or secured hereby, and the respective liens of
.ai.1 m~~rtgages. lienc i~r other mcumbrances. shall be and the same and each of them hereby ~s preserved and shall
pa.. t~~ and h~ held b}~ the \1~~rtgagee herein ati securiry for the indebtedness to the \tortgagee here~n described
or hereby srcured, t~~ the ~am~ rxtent that it tioutd ha~e been preserved and would have been passed to and been ~
~
held by the ~t~~rtgagee had it been duly and regularly assigned, transferred, set aver. and delivered unto the \lort-
gagec h. separate Jeed of a.s~gnment, nutwithstanding the fact that the same may be satisfied and cancelled of
rer~?rd, it bring the ~ntrntion ~~f the parties hereto that the same will be satis(ied and canc~lled of recorJ by the
h~~IJcr. theteu~ at ~~r ab~~ut the time uf the r~cording ~~f this morigage. ~
In th~ e~•ent the ownership of the mortgaged premises. or any part thereof, beccxnes vested in a person ~
~~ther than the ~t•~rtgag~~r, the ~lortgagee may, without notice to the \tortgagor, deal with such successnr or sur
cessor~ ~n interes~ w~ith reference to this deed and the debt hereby secured, in the same manner as with the ~1art-
gagor Nithout in aay way ~iUating or discharging the htortgagor's liability hereunder or upon the debt heteby ;
seruted. ~ale ~~f the premis~. hereby mortgaged and ~o forbeacance on the patt of tht \brtgagee, and no ex-
tension of the time [o~ the payment of the debt hereby secured given by the Mortgagee shall operate to retease,
discharge, modify, change or a(fect the original liability uf the \lortgagor herein either in whole or in part.
b. The Gen uf this deed secures and shall a?ntinue tu secure payment o[ said indebtednes. or indebted-
ness, however evidenced, whethrr bc said prom~s,on• note ur~ ~~~~~t~r~o~~~~
I for, or otherNise, until all such indebtedness shall ha~•e been ly a~d_ ~2 2Q`~_ (j,,,~
~ 7. In tl?e~ erent the mort~aRors seii, co~n~e}~ n? trans(e~(h~1A~~~~ ~~t~i~ITJP'~f
~his!~ort-
~~a~e•. Nt~n th~. moreRaRe shall. at Nic option o! the ,Ifort~uRect~g~b~~e ~pp~d~ej`?~rplS~qd~a~~{e~A~1~ ~
lu!! su?n oJ the ~nncipa! twlance und ~nlerest lhe•~r du~. a}c ~p~{~
p~ ~ ?
The tertns '`~tortgagur" and "\tortgagce" ~~hanee~C~R~~TTis~~um~nt"'sTiaTT-in'~f'Rt
fe the heits, ~
petsc.nal represrntatives, successors and assigns o( th~ re~v~~e~.Wherecet used the singular
numher chall include the plural and the plural the sin~ular, and th~ use of any gender shall include all genders.
r
S ned, ~ea a iv eJ the p sence of: ~i _ ~ (Seal)
(Sea11
. , ~
STATE OF FLORtDA I `
CO~tiTY OF ~ ~ " ~
ST. LUCIE g~~ ~g~ ~ ~arried man
Before me personally appeared
to me well known and known to me to be the individuals describeJ in and who executed the foregoing instrument,
and acknowledged before me that they executed the same for the purposes ther~in expressed. WITNESS my hand
and ~~fficial seal in the County and State last aforesaid thi, 24th Day of January, 197~•
y {
.
~Fllti~yQ h~~`~~~~A..Tvne ~O~ l~?1 Notary Publ~c. State nf I''1 r ~ ° ~ ; ~ ' ; _
LLC1~ , ~ , :
~ ~ - - . ~ n r ! v- - - #
1.8gU83 ; ~ - - ~
~"ci~:,~° ~
.
~0 FE8 2 PM ~ 34 : , ~
t . t : .t _
`'•;t»~~~r'' :
~ ,f`, 4
~~~Ji'-r':.S
C~~ ?-;K C;icClilT COURT~
BOUK 1S~ PACf ~~5~
~
~ - = - -
~~.~.,.-.,3. a~:-.._ . _ ' . _ Y~ G"".-,`~"~.r~_'~~