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Home My WebLink About1852 _ Our file 5-19~418 . th~s mo~l~a~e a olher t:ans(e~ o( hUe W~he mu~t~aRed pope~tY in ezesn~wshmen~ u! tAe ~ndeb[ednetis secwed hereby, ,11 r~~h~, i~Ue and ~nte~es~ ot the \1or~sajor in and to an)' ~n.wance poGc~es then ~n iwce shall pass to tAe purcAaae~ u~ ~rsn~ee. (h) Tu perf.wm, comply WitA and ab~Jt b~ tarR and everY tht ahpulat~m.. at~~cments, conduwo. snd co~en~n[~ ~n sa~d prom~csory nate and ~n ~his deed set (ortA. (i1 That ~f any ut ~a~d sums of munry here~n ~eferted to ee nut prump~ly and (ull~ pa~d •+ith~n (~heen dr>'+ ne~~ atter lhe samt severally bec.~mes Jue anA payablt, ix J each and eve~Y the st~pul~aons, apeements, conJ~uons and coveo~nts o( .aiJ p~omu- sory note and tA~s deed, ur ei~her, are n.~t fully prrtormed, c~mpl~ed +ith an0 ab~ded by, the +aid a~jreRa~e sua+ menu.~nrd ~o s+id pronussery nute shali becane due and payaM~ lcuirW~th or therealur u~he opuun o[ ~he AlwtRater as (ully and completelY ~s ~1 tAr sa~d a«re~~tt aum of sa~d ptan~~s.„y no~e ~rss un~~naliy supulated ~u be pa~d on such d~Y. anyth~n~ in sa~d proro~ssory note ~x here~n ; to the contrary notwUhstaod~n~. 1~ 1 That in order to accelerste the maw:~~y ot the ~odebtedness hereDy secwed, because of ~Ae (a~lure of the A1w~~+~:.r ~a DaY +nY a~.r.~ment, lub~l~~y, abli`aUOn or encumbrancc upon sud property, as herom prov~ded, u shall not be neces~ary a reQuu~te that the mortja~ee ahall hrct pay the sa:~e. 2. Th~ \lortgagee may, at his option, anu without waiving his right to accelecate the indebt~dness hereby ~ecurcd and to foreclose the same, pay either before or aftet delinquency any ot all of those cettain obligatiuns requ~red by the terms hereof to be paid by the IUortgagor for the protection of the mortgage security or for the col- lect~on ~~f the iridebtedne~s heraby secured. Afl sums so advanced ot pa~d b}• the Mortgagoe shall be charged into the mortgage account and become an integral part thero~f, subject in all respects to the terms, conditions, a~d rovenants oG the aforesaid promissory rtote, aod this mortgage, as fully and to the same extent as though a pact of the orig~nal indebtzdness evidenced bv said note and secured by this mortgage. excepting however, that said ` sums shall be repaid the Mottgagee fotthwith upon its demand and be ~n addition to the regular monthly install- ments provided by the mortgage note. 3. That thc abstract ot abstracts of title covering the mottgaged property shall at all times, during the life of thi. martgage, remain in possession of the Mottgagee and in event of the foreclosure of this mortgage or other tran~fer o[ title to the mortgaged property in extinguishment o[ the indebtedness secured hereby, all right, title and ~nterest of the ~lortgagcx in and to any such absuacts of title shall pass to the purchaser or grantee. To the extent of the indebtedness of the Mottgagor to the !1Mrtgagee described hetein or secured fieteby, the \tortgagee is hereb>~ subtagated to the lien or liens an~ to the tigiits of the ovvners and holders thereot of each and every martgage. I~en or other incumbrance on the land desctibed hetein 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 fiens o[ ~a~d mortgages, liens or othet incumbrances, shall be and the same and each uf them hereby is preserved and shall pacs to and be ~leld b~ the ~lortgagee hetein as security for the indebtedness to the ~lortgagee herein described or hereby ~ecuted, t~~ the same extent that it N•ould have been preserved and would have been passed to sod been held by the ~1~rtgagee had it been duly and tegularly assigned, transfened. set ovet, and delivered unto the Mort- gsgee b. separate derd of acsignment, not~vithstanding the fact tiiat the same may be satisfied and cancelled of record, it being the intention uf the parties hereto that the same will be satisfied and cancelled of record by the h~~lders thereof at ~~r ab~iut the time of the recording of this mottgage. 5. In the e~•~nt the ownersh~p of the mortgaged premises, ot any pacl ihereof, becomes vested in a person Mher than the \k?rtgag~ir, the ~lortgagee may, without notice to the ~lortgagor, deal with such successor or suc- ce~sor~ in interest K~~th reference to this deed and the debt hereby secured. in the same manner as with the Mort- gagor without in any way vitiating or discharging the Mortgagor's liability heceunder er upon the debt hereby secured. No sale c.f the premises hereby mc~rtgaEed and no forbearance on the part of the !1lortgagee, and no ex- tension ~~f the time for the payment of the debt hereby secureJ given by the ~lortgagee shall operate to release, discharge, modify, change or a[fect the otiginal liability of the ~tortgagor herein eithet in whole or in part. 6. The lien of this deed secures and shall c~~ntinu~ to secure pay'ment of said indebtedness or indebted- ~ ness, however eviJenced, whether b} said promissory note or any renewal ar e~ctension thereof or substitute there- ~ for, or otherwise, until all such indebtedness shall have been fully paid. 7. /n /he e~•en! the mo?tgaRo?s se11, convey o? trons(er the morlgaRed p~emises during the IiJe oJ this morh { k~uPc. theq fh?s ?nort,~aRe shall. ot the opfiort nJ the .lfortRoRee herein, become immediately due and payahle Jor the ju!! sum of thc~ pnnc•~~xzf balance and interes~ then due. , ~ R. The ~erms "~tortgagor" aod "~tortgagee" whenever used in this instrument shall enclude the heirs, ~ pervonal representatives, successors and assigns of the respective parties hereto. W~herever used the singular number shall include the plural and the plural the singular, and the use of any gender shall inc[ude all genders. Si ed, ~eale anJ I~ red the presence of: ~ (Sea!) ~J n . /1t/-~~. A/. _ (Seal1 STATE OF FLORIDA I ~ COI~NTY OF 1~7~C ~ ZUCIE "r~ S Before me personally appeared GEORGE F. GITTER~ a11d LOYCE D. GIiTERE~ his `rJife ~ to me well know~n and known to me to bt the individuals described in and who executed the foregoing instrument, ' and acknowledged before me that they execu d the same for the purposes therein eapressed. WITNESS my hand ~ and official seaf in tt~LC'~g~~qcMiHd L~nresaid this 7th Day of Mareh, 1`TO ~H ~ , ST. LUCIE COUR FIEU ~ ~r•C(~~f; I `~:l?11N1::I:r:; ~ ~ - 19129~ ~ ~ • a f . • ';r ~ ~1y ('~~mmiss~on F:r~e~i!WU~~ ~ ~9~V Notary Publ~c, State of Florie~8''~$`T~ ; ~ r . _ ' . T , ~ : v ~ s~,~•-~, ~ ; ' ~ • ' ~ ~ • ' ' : ~ ZC!GE~? ~~~~tAS 7 :y'-:~~~ ~ CLERK CIRCUIT COUR f ~•~,~,xr~;~' ~ a o+- ars ~i, •!/I~{•rr~:.t . " ~ G,=~,:~~ - ~ ~~~f~>>..~:ire :.~i`~~ ~ . ~,3 ~ .s; x', ~ ° R 1~3 PA~~~.850 _ BOOK . ~ - - - ~ ~ t ~ . , _ . ~ _ . . z. 5~ _