HomeMy WebLinkAbout1855 , Our iils 5-19,416
this ma~t~age a othcr transfe~ i~f hlle lu ~hr mo~~Ka~ed poper~y ~n es~~n~w~hment ol tht ~ndebtednes+ ~ecurcd Acrcb~, sU n`h~, htle
a~xt ~ae~e~t u( ~he Nurt~a~ur iO ~nd tu any in+uirnct polrc~ea ~~en m(wce sh~ll pass to tAe p4rch~se~ w~ran~ee.
(h) Tu pericxm, complY anJ ahidr b~ eacA and every the cupulat~cx~c, a~reements. co~d~l~ons and coven.nts ~n ..~d pc..m,..nry a
note and in tl~~s deed .et turth.
i~l That a~y uf sa+d sums ai money~ herein re(enrd to he not ptomptly and (ull>' Pa~d ~u`:~ f~E~eco days ~e~t at~cr
the same severally Decomes due and paYable,o~ it eac~ and eve~Y ~h~ `~~Pulauonc. ~t~etments, con.l~uons snd covenams of sa~d promis-
s«y note and th~s deed, or~ euher, a~e not (ully pertn?med, ccunpl~e~ y~tA and aD~ded ~y, ~Ae .a~J au~ega~e suin menuo~eJ in s~~d
pren+~ssay note shsli hecomt du~ and payaAle (ortA~uh or thereafter •t the opuan of ~he M«~ta~ee ss fuiiy and aun~yletely as i( the
ca~~f a~~re~att sum o( sa~d pc.~missary ~ote Wxs on~mally supul~ted to be pa~d on such S~Y, anythin~ ~n sa~d prom~sso~y note ~u here~n
to the ccxit~uy not~rithstand~n`.
1~ 1 That ~n order ~o acctlera~e the matunty o( the indebtednesa heteby accured, Decaust ol the (a~lurt of !he A1iK~Ea`ur w pay ~ny taa,
•s.essment, I:+b~1~ty, obl~grt~on ix rncumbr~nce upon sa~d prope~~Y. as here~n provided, u shall not be ne:es.ar~• ur requ~s~te th~~ the
m.uttego~ sAall hrst pay the same.
2. The L=ortgagee may, at his opuon, and without w•aiving his tight to acceleratt the indebtedness hereby
sec~red and tu foteclose the same, pay either befare or after delinquency any or all af those certain obligatians
required by the terms hereof to be paid by the ~tortgagor for the protection of the mortgage security or for th~ cal-
lection ~if the indebtedness hereby secured. All sums so advanced or ~+aid by the Mortgagee shall be charged intu
the mortgagr account anJ hecome an integtal part theteof, subject in all respects to the terms, conditions, and
covenants of the atoresaid promissory note, and this murtgage, as fulty and to the same extent as though a part
of the original ~ndebtedness evidenced by said nate and secuted by this mortgage, excepting howevet, that said
sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regulat monthly install-
men~s provided by the mortgage note.
3. That the abstract or abstracts of title coveriRg the mortgaged propert~~ shall at all times. during the ii[e
of thi~ martgage, remain in possession of the tilortgagee and in event ot the foreclosure of this mottgage ur other
tran.fer of utle to the mc~rtgaged property in extinguishment of the indebtedness secured hereby. all right, title
and intere~t of the ~lortgagot in and ta any such abstraets ~~f title shall pass to the purchaser ar grantee.
To the extent oC the indebtedness of the MartgagoF. to the !~iortgagee described herein or secured heroby,
the ~lottgagee is hereby subrogated to the lien or liens and to the rights ol' the ownets and holders thereof of each
and every mnrtgage. lien ar other incumbrance on the land described herein w~hich is paid and'or satisfied. in
whole or in part, out of the praceeds of the loan described herein ot secuted hereby, and the respeclive liens of
~aid mortgages, liens or other ~ncwnbrances, shalt b~ and the same and each of them heteby is presetved and shall
pass to anJ be held b}• the ~tortgagee herein as security for the indebtedness to the Mortgagee herein described
or herebr secured, to the same extent that it would have been preserved and would have been passed to and been
held by the ~lortgagee had ~t been duly and regularly assigned, transferred, set over, and delivered unto the Mort-
gagee b~• separate deed of assignment, notwithstandina the fact that the samt may be satisfied and cancelled of
record, it br~ng the intention af the parties hereto that the same will be satisfied and cancelled o[ record by the
holders thereuf at i~r about the time of the record~ng ot this mortgage.
5, In the event the ownership of the mortgaged premises, or any patt thereof, becomes vested in a person
other than the ~k~rtgagor, the 4lortgagee may, without notice to the ~lortgagot, deal with such successor or suc-
cessors in intere~t ~ith reference to this deed and the debt hereby secured, in the same nianner as with the A1ort-
gagor Hithout in am way vitiating or discharging the \lortgagor's liability hereunder or upon the debt hereby
secured. N~ sale .~f the prtmises hereby mortgaged and no forbearance on the part of the !~lortgagee. and no ex-
ten.ion of the time for the payment of the debt hereby secured given by the !Nortgagee sha11 operate to retease,
i discharge, modify, change or affect the original liabiliry of the'1lortgagor herein either in whole or in part.
E 6. The li~n of this deed secures and shall continue to secure payment of said indebtedness or indebted- _
~ ness, however evidenced, whether by said promissury note or any renewal or extension thereof or substitute there-
~ for, or otherKise. until all such indebtedness shall have been fully paid.
7. In the• e~~•en~ the mortgaRo~s sefl, com•ey or lransJer the morlgaged premises du?ing the liJe oj this mort-
€ 4~u,~r. then th~~ morl.FaQe shalJ, at lhe op?ton o( the ~1fc~?tgagee herein. 6ecome intmediately du~ and ~wyable for the
(ull s~em oJ the pnncipa! balance and inte~~st then due.
8. The tertnti "\lortgagor" and "4lortgagee" M•henever used in this in~trumen~ shall include the heirs,
pcrconal representatives, successors and assigns of the respective parties hereto. V1'herever used the singular
number shall include the plural and the plural the singular, and the us j any gender shall include all genders.
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~ ned, se a li~•e d~ the presence of: `'w~~ (Seall
~
(Seall
STATE OF FLORIDA I
COUyTY OF ~4XF~ ,s
ST. LUCIE~ y~~ SCOTT BAILEY an unmarried woman
Before me persunally appeared +
~ to me well known and known to me ta be the indiv~duals described in and who executed the foregoing instrument,
~ and acknowledged before me that they executed the same for the purp~~ses therein expressed. WITNESS my hand
~ and offic~al seal ~n the County and State last aforesaid this 7th Day of Mareh, 19rf0
~ ~t~uu~~i
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` June 30 19?1 ~~t ~
~ + Notar Publ~c, State of _ ~~=;~t i
~1y C~~,mm~s+~on F.tpires: y y` •r~,.,
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