HomeMy WebLinkAbout0321 Vlil ~1~0 5~19 t 308 r.
~h~a mort«a=e .x uther tuns(e? of hUe !o ~he martYssed proper~y m eat~ngu~~hmem u1 the ~nde~teJne+~ .ecurrd Arreny, ,,II n~ht, ~~Ue
and ~Mt~est uf the Mort~tsur m.nd to any msw~~xe polic~es ihrn (otce ahall pas. to thc putchaset o~ ~rantee. $
th1 To p.rtam, comply vilh and ~bide by each artd every tAe st?pulat~ons, a~rcemeets, cond~t~ons and covenyn~s ~n ca~d prom~.aixy
nMe rnd ~n ~M. deed se~ fath.
li 1 Thal d any ol s~~d sums w m.~ne) hete~n rcfc~rrd W hr nut prwnptl)• and fu1ly pa~d ~a~ih~n f~frr~•n ,la~. nrit r~ttr
the came sererally becomes due snd psriAle.a ~t eacA and eve~~ t~e s~~pulauons. a~reements, cond~hons and coLen~n~s o1 :.r~d prum~.-
notr and th~s daed, ot tuhe~, art not fully pettormrJ, ~~~mpl~ed ritA and aA~,Cd hy, ~ht .a:J a~reEatr s~tin mrnu.~nrJ m.~~d
p~.,m~.sor~ note shall becane dur arkl pa)'a~ie fath~ith or theruftr~ at tAe opt~on ot the ~la~~asee as fully and compleiel> rs d tAe
.nd sjsresate swr o( sa~d pramissory note w~s or~~mally st~pulated to be pa~d on such d~Y. anythm~ m sa~d prom~ssor~' note or herem '
t.. ~h. :onuary ~otvithstandin~. '
~ Th•~ m~•rder to acceleratc ihe matunty ut the =nde6tedness hereby .ecurrd, beiauce u( the ta~ture o( tAe V~H~R~Eac pa~• any e.~a,
~..e~smrnl, I~~h~tuy, obli~~t~on ~x e~cuu+branct up~u~ ss~d prnr+rr~y, a~ htre~n prav~ded. .h~ll not be ne.r...uy ~x rrywsur ~hri ihr ;
n.•~tR.~~ere shatl fus~ pay the samr, ~
Thc ~lortgagee may, at his option, and w•ithout waiving his right to accelerate the indebte~ine~. heteb~•
secured and tu [orecluse the same, pay either before or after delinquency any or all ot those certain obligations
r~yu~red h~ thc terms hereof to be paid by the Mortgag~~r for the protection ot the mortgage security or for thc c~~!-
It~ i~on of' the indebtedness hetaby secured. 411 sums so advanced or paid by the Mortgagae shall be charged ioto
th~ mottgage arcount and becomr an integtal part thereof, subject in all tespects to the termc, conJitions, a~d
r~~~rnant~ uf thr aforesaid prumisso~y nate, and this murtgage, as fully and to the same extent as though a part
~+f the uriginal indebtedness evidenced by said note and secured by ihis mattgage, excepting hawever, that ~aid
~um. shall be repaid the \~Mrtgagee forthwitF upon its demand and be in addition to the regulat montht~• install-
men~s provided by the mortgage note.
3. That thc ahstract or abstracts oC title covering the rtx~rtgaged property shall at all times. durirtg the life
~~f this mortgage. remain in pos.ession of the !1lortgagee and in event of the foreclosure of this mortgage or other i
uan.fer of title ta the mortgagrd proptrty in extinguishment of the indebtedness secured hereby, aU tight, ti~le
and ~nterest of the ~lortgag.N ~n and ta any such abstracts uf title shall pass to the purchaser or grantee.
3. To the extent af the indebted~ess of' the Mortgagor to the \t~~rtgagee described herein or securr.d hereby,
~h~ Vortgager is hereby subrogatcJ to the lien or licns and to the rights of Ihe ov?ners and holders thereof of each
and rvery mortgage, lien nr other incumbrance on the land described herein w•hich is paid and'or satis[ied, in
whule or in part, out ~~f the proceeds of the loan described herein or secured hereby, and the respective liens of
.ai~f mortgages, liens ar other incumbrances, shall be and the same and each of them hereby is preserved and shall
pas. t~~ anJ h~
he1J by~ the \1~~rtgagee herein as security fot tht indebtedness tu !he ~tortgagee herein described
ot hzreby ~ecured, to the ~ame extent that it ~uutd hav~ t~en preserved and would have been passed to and been
held by the ~h~rtgagee had it been duly and regularly assigned. transferrcd. set over, and delivered unto the Mort-
gager hy separatr deed ~f ass~gnment, notwithstanding the fact that the same may be satisfied and cancelled of
record, it bting the intent~on of the parties hereto that the same v?ill be satisfied and cancelled of record by the
. hulder~ thereu'' at ~~r about the ume uf the tecording of this mortgage_
5. In the event the ownership of the mortgaged premises, ot any part therPof, becomes vested in a aerson
~~ther than the il~~rtg:+gor, the !~tartgagee may, without noiice to the tilortgagor, dea! with such successnt or suc-
cessors in interes! with reference to this deed and the debt hereby secuted, in the same mannec as with the 11ort-
' --gaEorwithoet-in-a,~y--way-~ritiating -or discharging ihe Alortgagot's liability heteundet or upon the debt hereb~~
secured. No sale ~•f the premise. hereby mortgagrd and no forbearance on the part of the ~tartgagee, and no eY-
tension of the time fo• the payment of the debt heteby secured given by the 1~fortgagee shall operate to release,
~ discharge, modify. change or afferi the original liability of the 1~fortgagor herein eith~r in whole or in part.
` b. The lien of this deed s~cures and .hall c~~ntinue tu secure payment of _said indebtednes. or indebted-
~ ness, however evidenced, wh~thrr by said promi~sory note ot an~~ tenewal or extension thereof or substitute there-
for, or otherw•ise, unti{ all such indebtedness ~hall have been fully paid.
7. I?+ tlu~ event the n~or~gaRors se!!, convey rn transJer ~he morrRaRed premises durinK ~he lije nj this mort-
k~o~e, rhen thrs mo~tgaRe shaN, at N~P option nf the ;?fort~ugee he~ein, become irremediu~Plv due ond paya6te Jor the
ful! .rr~m of the p~encrpal balancP and ~nteres~ then due.
:t. The terms "~tortgagur" an~i "~tartgager" ~~henever used in this instrument shall include the heits,
personal representatives, successors and ascigns of the respective parties hereto. Wi~erever used the singular ~
numb~r shall include the plural and the plural the singulat, and the ust of any gender shati incl~de ali genders.
i
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Si ed, ~ealed d ive ~ the presence of: ~~a~~ y
~~-e~- '~rt.1JL (SeaU
STATE OF FLORIDA I ~
COUNTY OF ~ ~ 's ~
ST. LUCIE
Before me personally appeared ~~Y ~d MARY ALICE HALL. H~S Wife
to me well known and known to me to be the individuals described in and who executed the foregoing instrument,
and acknowledged before me that they executed the same [or e purposes therein expressed. WITNESS my hand
and official seal in the County and State last aforesaid this l~ttl dF~ OP Fe DI`118I'31 ~ 29'~0
FILEO ~:"~iD ~ECORDED . .
L~'C?~ C^UNTY. F~ a
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~ty C~~mmicsion Expires_ J»ne ~0~ 7 q7~7 _ Nolary Public, State of ~ 2~ -
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