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Home My WebLink About2370 ' Our file 5-19,697 lh~s mwtgs6e ~x otRer ttans(e~ of IUIe to the mo~tr~~ed ptoper~y ~n eaunswshment ut the ~ndebtedness stcwrd ht~eby, ail neht, ~ule anJ ~n~e~est n( the A~or~~a~w ~n and to any ~oswance pulic~es tAen in torce sMll paas to ~he purchsser or ~rantee. (h) Tu perfam, cir+splY W~Ih and ab~de by each and every tAe supulations, a~reemenls, condil~ons and covenants ~n s~~d prum~ssary no~e arn1 m th~. decd set for~h. 1 Thal if any oi saiJ sums ot muney here~n retrrrrd to bt not promplly aeW (ully pa~d ruA~n (dtren day+ ne~e altrr ti the same severally becomes due and paya~le, ~r if each and eve~y the st~pulaUOns, s~reements, condu~on~ and covenanta of .a~d prwa~~. say note and th~s deed, or e~iher, are not fully pertormed, compl~ed w~th and ab~ded by, the .a~d aure~a~e sum menuoned in sa~d pran~~say note shall become due and paY~ble forih~rith ur thereafter at tAe option ot tAe Matsa~ee as (ully and comple~elY ss it the ca~d a~~res~te sum ot said promic+wy note was on~~nslly stipulated to be paid oa such day, any:hin~ m s~id pranissory note or here~n tu ~he contnry notWnhstand~na. Q 1 7'Aat ~rt order to accelerate the mawnty of the inJeDtedness hereby secured, because ot t~e fa~lure ot tAe M«~~a~w ta psY anY taa, rsse~smen~, lub~l~ty, obG~auon or encumbrance upw? sa~d p~operty, as Aerein prov~ded, ~t shall not be ne~essary a teQwsue ~nat the mocier~ee sAall fuct paY the same. 2. The tilottgagee may, at his option. and witfiout waiving his tight to accelera:e the i~debtedness hereby secured and to foreclose the same, pay either before or after delinquency any or ali of those certain obligations required by the terms hereof to be paid by the Alortgagor for the protection of the mortgage security or for the col- lectiun of the indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be charged into the mortgage account and become an integral part thereof, subject in all respects to the terms. conditions. and covenants of the afaresaid promissocy note. and this mortgage, as fully and to the same extent as though a patt of the original indebted~ess evidenced by said note and secured by this mottgage, excepting howevet, that said i; sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regular monthly install- ; ments provided by the mortgage note. ~ 3. That the abstract or abstracts of title covering the mortgaged pcoperty shall at all times, during the life ~ of this mortgage, remain in possession of the Mortgagee and in event of the foreclosure of this mortgage or other s transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all right. title and interest of the Mortgagor in and to any such abstracts of title shall pass to the purchaser or grantee. ; 4. To the extent of the indebtedness of the Mortgagor to the hlortgagee described herein or secured hereby, ~ the Mortgagee is hereby subrogated to the lien or liens and to the rights o[ the owners and holders thereof of each i and evety mortgage, lien or othet incumbrance on the land described herei~ which is paid and/or satis[ied, in ~ whole or in part, cwt of the proceeds of the loan described herein'or secured hereby, and the respective liens of said m~rtgages, liens or other incumbrances, shall be and the same and each o{' them hereby is presetved and shall pass to and be held by the Mwtgagee herein as security tor the indebtedness to the Mottgagee herein desctibed or hereby secured, to the same extent that it would have been preserred and would have been passed to and been held by the \lortgagee h~ it been duly and regularly assigaed. transfened. set over, and delivered unto the Mort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it being the intention o[ the parties hereto that the same will be satisfied and cancelled ot record by the _ holders thereuf at or about the time of the recording of this mortgage. 5. In the event the ownership of the mortgaged premises, or any part thereof. becomes vested in a person other than the !1lortgagor, the Mattgagee may, without notice to the Mottgagot, deal with such successor ot suc- cessors in interest with reference to this deed and the debt heteby secured. in the same manner as with the Mort- gagor w•ithout in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby ; secured. No sale of the premises hereby mortgaged and no fabearance on the part of th~ Mortgagee, and no ex- tension of the time for the payment of ihe debt hercby secured given by the Mottgagee shall operate to release. ; discharge. modify. change or a[fect the original liability of the Mortgagor herein either in whole or in part. ! 6. The lien oC this deed secures and shall continue to secure payment of said indebtedness or indebted- i ness, however evidenced, whether by said promissory note or any renewal or extension thereof or substitute there- ` i for, or otherwise, until all such indebtedness shall have been fully paid. 7. !n the event the mort a ors sell conve or trans er the mort a ed remises durin the !i e o this mort- ~ Rx . v ! e8 n g I I ~ gage, then this n~ortgage shall, at the option oj the Aforlgagee herein. becorne immediately due and paya6le jor the ! Jull sum oj the principa! balance and interest then due. - ~ 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs. ~ personal representatives, successors and assigns of the tespective patties hereto. Whetever used ihe singular ~ number shall include the plural and the plural the singular, and the use of any gender shall include all genders. ~ ~ ~ ~ ~ ~ Si ed, sea d iv d in e resence of: ~~~~~~P-=2~G~~ ~~=;E'?L~l~a (SeaU , ~ (Seal) ~ l - - ~ ~ " d.-t~ s~?'~.ES't~~ ~ ~ ~ STATE OF FLOR[DA - ~ COUNTY OF ~ ss " ST. LUCIE Before me personally appeared ~1~THAi1IEL i~i.I,Y a~1d EDI1A Mr~E BEI,LY ~ his Wif e to me well known and ow to t v~duals described in and who executed the foregoing insuument, I DA ~ _ and acknowledged befp~~~~ ~.e same for the purposes therein expressed. WITNESS my hand and official seal in the Copaty~aa~S~et~~~st~'otesa~d th~s 16th Da~y Of M 1970 ~ , , , ~r. ~ i~3830 ~ , rt ft•..r q • \ . ~ I~ i`.=~. L S Hi`i ~ . • My Commission Expires: JuIIe 30~ 19'71 (~otary Public. State of F g~.•= ~ • . , (!!T?~ L'~. ' - _ ~ ~l ~ F;P: C,RCUIT C~ 'RT • , r; , . - ~ ~a~c. ......<<~- x; . . . ~f . . ~ BooK184 PAGE2~6~ . _ . ~ ~y . x~ . ~ - . . _