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Home My WebLink About0705 ~ i . _ Our' file 5-19,80? tAi: ifo~tp~e Of OtAlt U~Af~ff O~ IIII! t0 lI1! AWftt~~QA 0(Optflr Ip Cil1AaY1lIWItAt OI l11! ~ndebtedness secwed he~eby, all n~ht. utle in~c~est ot ths Na~p~~x ~a and to any ~nam~nce polioiea tAts is tae~ aAsll oass to tl?e puttb~~et o~ ~t~ntee. (h) To perlorw. coa~ply ~itA ~aA ~bide by e~cA ~ad ~vety tAe at~pul~tion~. s~ree~ents. eond~t~a?s snd eoveaants in ~aid p~an?asory AOIt s~ 111 lhls 3fid iii IO~tA, ~ (i 1 Ttf~l i( any ot said swns oI nwney here~n rafettsA to be oot pco~Ptly ~ad tully paid ~r~tAia tit~ctA days atat a(~er i the sa~se severally becaaes due aad pay~ele.o~ it eacA aad eve~y We stipYl~tions, a~rceseets. cawiiiions and coveaanu of said paais- say note and tAis dted, ot eitAer, ue aat tulir vertoraed, eomplied Mi1h snd asided sy. tht xaid akre~s~e sum men~ioned ~n said prosiuar aote sAall becQme due and p~Yable fo~tAri~A or tAereatter •t tAe oOtioa ot tbe Mort~~{ee ~s tu11Y and coaple~elY as i( tAe said ai~re~~te sus o( a~id pca~issory aote r~s o~i~inally atipulated to be paid an seeA d~y. aaytAin~ in s~id ptaaissoryr note ot here~n to the coetnry notrithst~adin{. (j 1 TAat in o+der ta seeelet~te the anturity ot lhe indeptedaess bereby securcd. bec~we of We t~ilu~e o( tAe A1ott~s~or to pay any tsa. asse~smeat. i~abili~y. oblisation ar encue~~nce upou said property, as Aereia provided, it st~ali no~ be aeces~arY or ~equisite that U?e mortsa~ee shall (irst pay the same. . 2. The'.1+lorttagee msy. at his option, and without waivin` his right to accelerate the indebtedness hereby ~ secured and to foreclose the same. pay either befon or aftec delinquency any or all of those certain ob~i`ations required ~y ine terms h~icui t~ be paid by the Mott`agor for the ptotection of the mortta=e security ot fo~ the col- lection of the indebtedness hereby secuced. Al! sums so advanced or paid by the Mort~a~ee shall be chu~ed into ~ the mort~age accou~t and become aa inte~ral part thereof, subject in ~il respects to the terms. conditions. and covenants of the aforesaid promissory note, and this mortgage, as fully and to the same extent as thou~h a part of the ori6inal indebtedness evidenced by said note afld secured by this mortaa~e. exceptin` howevet. that said sums shall be ~epaid the Mort`atee forthwith upon its demand and be in 1~dditioA to tbe re~ulsr nanthly install- ments pcovided by the inort~ase note. ' 3. That. the absuact or abstracta of title coverina the mortfa`ed property shall et al! ti~nes. durin~ the liCe _ ot this mottgage, remain in possession ~of the Mottaaiee and in event oE the foteclosure of ~his mort~sae or other transfer of title to the mottEaaed property in extiatuiahment of the indebted~ess secured hereby, all ri~ht. title and interest of the Mortga=o' in and to any such abstracts of title shalt pass to the purchaser ot arantee. To the extent of the indebtedness o[ the Mortsatot to the Mortgagee desetibed hecein or secuted heteby. ?he Abrtgagee is heteby subrogated to the lien or liens and to the ri~hts oC the owners and holders thereot of each ~ and every mortgage, lien or;other incumbrance on the land d~scribed herein which is paid and/ot sa~isfied, in ; whale or in part, out of the ptoceeds of the loan describad herei~ or secuted hereby, and the respecti~e liens of said mortaages. liens or other incwnbrances. shall be and the same and each of them hereby is presecved _snd shall ~ pass to and be held by the Mortsasee herein as security for the indebtedness to the Mottsagee herein described or hereby secured. to the same extent that it would have been preserved and would have been passed to aad been held by the~ i?lortgagee had it been duly and reEularly assisned, transferted, set ovet, ared delivered unto slst Mort- gagee by separate deed of assi~ranent. notwithstandin6 the fact that the same ma~r be satis[ied and cancelled of record, it beinj the intention of the parties hereto that the same will be satisfied and cancelled of tecord by the holders thereof at or about the time of the recordi~a of this rtwctgaae. 5. in the event the ownership of the mort6aged preEnises, or any patt theteof. becanes vested in a persvn other than tMe Mortsagor, the Moctsagee may, without notice to the Mortsa6or. deal with such successor or suc- cessors in interest with reference to this deed and the debt hereby secuted, in the same mannet as with the Mort- gagor without in any way vitiating ot discharging the -Mortgasor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaaed and no forbearance oa the part ot the Mortgasee. and no ex- ' tension ot the time for the payment of the debt heteby secured aiven by the Mortgagee ahall operate to release. ~ discharge. modify. chanse or a[fect the oti~inal ~liability of the Morigagor herein eithet in whole or in put. 6. The lien of this deed secures and shall c~ntinue to secure payment o[ said indebtedness or indebted- ness. however evidenced, whether by said promissory note or any renewal ot extension th~reof or substitate there- [or. or otherwise, until all such indebtedness shall have been folly paid. 7. In the event the n~ortgagors setl, convey or transjer ~he mo~~gaged premises during ~he lije oj this mort- j ~aRe, then ~his mortRage shall, at ~he option oj the Mortgagee herein, become inunediately due and paya6/e jor lhe ~ (ul! sum oj Ihe principal 6alance and interest then due. , ~ 8. The terms "\+lortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, ~ perconal representalives, successors and assigns af the respective parties hereto. Wherever used the singular - number shall include the plural and the plural the singular, and the use of any gender shall inclade all genders. ~ ~ d gned, se d li red i the sen (Seal) ' s ~ ~ (Seal) ~ ~ . ~ STATE OF FLORIDA COUNTY OF ~ SS Be[osre~me p.~eisona ty appeared ~ND A•'.PHORNTON a~1d EI,SIh TH08:YTOil ~ h~s Wif e ~ to me weU known and Icaown to me to be the individuals described in and who executed the foreaoin6 instroment. ~ ~ and acknowledaed befote me that they executed the same [or the purposes therem expressed. WITNESS my hand and offici~ s~ i~~ ~E~~~tate Iast atoresaid this 6th Day of. Juae, 19')0 ST. LUCIE COUPiTY. 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