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Home My WebLink About1786 ~ Our iile 5-19,413 th~s mu~~ta~e a o~her tra~sle+ of plle tu the mort~sjed poperry ~n e~unKu~shment u1 1At ~nde~ttdness ~ecwrd Aerehy, all neht, htle and ~ntaest o( ~Ae Murt~a~w ~n and to anY ~nau~ance pulic~es then ie (orce nl++ll pus to ~Ae , wcAaser ur ~rsntee. (h) To perl~xm, c.resply ~ith and a~+~de bY ea.h and erer~ the si~pulau.ms, a~~eements, coed~huna ~nd i.~venent~ ~o ~ud promrssory eott ~nJ in th~~ dred sel (orth. (~1 Tha~ J anY u( ~a~d sum~ of mo~r)' hete~n ~efcrrrl to Ae nut pr.mipth' and fully pa~d x~~A~n :d~een Ja~. nea~ alter the same sevenlly bec~unes due and pa~able,~x ~f eacA and every the stipuhuuns, a~rcements, cooJ~t~ons and coven~nts o( c~~J p~.,.~~s- ~«y no~e snd !h~s deed, o~ e~ther, ue not fuil~~ pe~formed, comD~~ed +'i~A and ab~ded ~Y, the .a~d as~reRa~c sum mentioned ~n .r~d pranuswy no~e shall btcome due and payable fwth~•~th a tAereaiter •t tAe opuon o[ ~he Nw~~a`e~ as tully a~~d completelY as d the said s~~rt{att sum o( sa~d ptum~ssay notc wa. on~~nally supul~tel to be D+~d ~ such dsY. ~n~thme ~n sa~d ptom~+sory no:r w here~n ~o ~he contnry notwitAs~and~n~. 1~ 1 That in order to accelerate the matunty o( ~he ~ndeDtedness hereby secured, becaus~ oi tAe fa~lure of lht Mat`as.~~ <<• pa) any tax, ~ .s.e.smeM, I~ab~lu~. obl~~ae~.~+ ur encumbrance upa~ sa~d pniperty. as he~c~n p~o~ided, u tihall not be neces~~~Y ur ~equ~s~te ~ha~ ihe t m.utEa~te ~Aall fust pay the samt. 2. The \lortgagee may, at his option, and without w~aiving his right t~~ accelerate the indebttd~ess hereby secured and to foreclose the same, pay either be[oce or after delinquency any or all of those cettain obl.igatio~s req~~ired by the terms hereof to be paid by the ~lortgagor for the protection o! the mortgage securit~• ar for the col- lection ~~f the ~ndebtedness hcteby secured. All sums s.~ advanced or paid by the !~lottgag~e shall be charged into the m~~rtgage account anJ became an integcal part thereo[, subject in all respects to tha term~, conditions, and covenants of the aforrsaia prom~ssoty note, and this mortgage. as fully and to the same extent as though a part , of the original irxiebtedness evidenced by said note and secured by this mottgage. excepting however, that said sums shall be repaid the Alottgagee forthwith upon its demand and be in ad3iliun to the cegular monthly install- ' ments provided by the mortgege note. 3. That the abstract or absttacts of title coveri~g the mortgaged ptopetty shall at all times, during the life of this nx~rtgage. rema~n i~rpossession of the Mottgagee and in event o( the foteclosure of this mortgage ut other tran.fer uf titlc to the rtx+rtgaged property in extinguishment of the ind~btedness secured hereby. all right, title and mterest of the ~tortgagor in and to any such abstracts af title shall pass to the p~~~haser ot grantee. To the extent of the ~ndebtedness of ~he ~lurtgagor to the \tortgagee described herein or secured hereby, !he \turtgagee is titreby subrogated to the lien ot liens and ta the rights of the oa~ners and holders thereof of each and every mc~rtgage, lien or other incumbrance on the land described herein which is paid and!or satisfied, in whole or in part. out of the praceeds of the loan described herein or secured hereby, and the respective liens of ~a~d mortgages, liens or other incumbrances, shall be and the same and each of them hereby is ptesetved and shall pasc tc? a~d br held b~• the ~lortgagee herein as security fot the indebtedness to the ~~ortgagee hetein described or hereb~• secured, ta the same ettent that it K'ould have been preserved and veould have been passed to and been held by the ~t~~rtgager had it been duly and regularly assigned, transferted, set ovet, and delivered unto the blott- gagee b~ sepatate derd oC ass~gnment, notwithstanding the fact that the same may be satisfied and cancelled of rccord, it be~ng the ~ntenti~n of the parties hereto that the same v?itl be sstisfied and cancelled of record by the h~~lders thereof at or about the time of the recording of this mortgage. 5. In the r~~ent the ownership of the mortgaged preFnises, or any part thereof, beccxnes vested in a person other than the ~k~rtgagur, the \lortgagee may, without notice to the \lottgagot. deal with such successnr or suc- cessor~ in interest K~th reference to this deed and the debt hereby secured. in the same manner as with the ~1ort- gagor without in am~ way vitiating or dischargi~g thc ~lortgagor's liability hereundet or upon the debt hereby secured_ N~ sale uf the ptemises hereby rrn~rtgaged and no forbeatance on the part of the [1lortgagee, and no ex- ten~ion of the time for the payment of the debt hereby secured given by the ~lortgagee shall operate to release. discharge, mud~f~~, rhange or affect the otiginal liabiiity of the \lortgagor hetein either in whole or in part. I 6. The lien of this deed secures and shall a~ntinue to secure payment o~ said indebtedness or indebted- ~ ncss, however eviJenced, w~hether by said promissory note or any renewal or extension thereof or substitute there- for, or otherw~ise, until all such indebtedness shall have been fully paid. f 7. !n the c~~~ent Ihe rnorrgaRors sell, convey or transfer the mortRaged preneises during the lije oj this mo?t- k~aQc, then thrs morl,~a¢r shall. ut Ihe option oJ the ,11ortKagee he~e~n, become imrnediately due and payabfe Jor the ~ /u!1 sum of !he p?inc~pal balance and interest then duP. , 8. The terms "\k~rtgagor" and "!1lortgagee" w~henever used ~n this instrument shall include the heirs, ~ perconal cepresentatives, successors and ass~gns of the respective parties hereto. Wherever used the singular ~ number shall ~nclude the plural and the plural the singular, and the use of any gender shall incfude al! genders. ~ • ~ ' (Seal) ~ S~ ned, seal a e•ered the ptesence of: i~/~~1G ~ ~ (Seal) ~ ; ~ - STATE OF FLORInA I ~ ~ COUNTY OF~ ~ ST. LUCIE g~~ R. GIBSON, a.n unmarried man ~ Be[ore me personally appeared ~ ~ to me w•ell know•n and known to me to be the indiv~duals desctibed in and who ex~cuted the foregoing instrument. ~ and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand and ~~f(~cial seal ~n the County and State last aforesaid this ']th Day of Mareh 19~0 ~ ~ t - a z3 ~1y C~~~mmiss~on F.rp~res: JUIIe 3~ ~ i971 Notary Publ~c, State of Flori ~ _ ~ ~ ~j ~L~~. ~ _ ~ - i~ "i . ~~y.V t? . ~ ~ . l,.. =~~fy~~.:~N . ~ ; ~ ~ ~ _ ,.:t:...,~ ~f gooK 1~3 PA~ ~."~fi4 - • i ~ ~ _ _ ` _ ~ ~ ' ~.~n:iua~"~~~~ . . r-k~., a~'gx'._.~3:~ ~ ~ ~ ~ _ • ~