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Home My WebLink About0480 1'••• Ottr tiie 5-20,038 th~s sa~~a~e a uthe~ ltanafc~ of I~tle to IAe ~ott~~{ed poperty in eauo~u~sAwee~ ul the uWeAledness aeawed Ac~eby, ~11 ~~~h~, tuls aml ~ntt~est ot lMe Llatsya ~n and to any ~naw~nce polic~es tAea ~n torc~ rA~ll pass to Ihe pwch~ser w~ramee. lA) Tu pe~tam. cu~splY ~i1M ~nd ab~de by e~ch and e~tty 1Ae supul~ums, asreeaents. cond~t~ons aud cove~ams ~n s~~d p~om~.~wy nute ~ud ~n U~~ deed set fatA. (i1 Tbal if any ot sud sues o( eanty hero~n re(ettcd to be nol pro~ptly aad (ully pa~d r~th~e tdteen days nea~ aUer the s~ero sererally secoses due ~od payasle,ar if e~ch aed e~ery ~Ae stipul~tioas, a~reements~ coeki~uons and coven~nts o( }s~d pro~~~- sory ao~e and this deed, o~ e~tAer, are not fully pertonaed. casplied witA ~nd ab~Jed by~ tAe .s~d a{jre~ate au~e wenuoned ~n s~id pro~~sso~Y note sAall becaoe due a~+d p~Yable torth~ith w the~e~fter at tAe optioa of tAe Mat~a~ee as (ully a~d caapletely ss it tAe aaid as{re~~te sus o! said pramissory aote ~~s on~~eally s~ipulated to be paid oa such d~r. anyW~n~ ~e s~~d proe~asory note a Asre~n to the contruY uotvitAslaadin~. 1 TAat in ordet to accele~ate lhe atunty of tAe iadeptedness hereby sacured. because o( the ta~lu~e o( iAe M«~~a~w ~o pay any ~si, asseas~seat, I~ab~li~y. oblisstion a encuebr~nce upoo sa~d peoperty, •s hetein provided. u shall not be nece~~ary or requ~si~e tha~ ~Ae m«~,ae~ sn~n t~r.~ o.y u~~ s.~. ~ ~ 2. The Mortga`ee may. at his option. and without waivin` his ri~ht to accelerate the indebtedness hereby secured and to foteclose the same, pay either before or after dclinquency any or all of those cettain obligatio~s required by the terms hereof to be paid by the Mortga~or for the protection of the mortgase security or [or the col•' lertiun of the indebtedness hereby secured. Ali swns so advanced or paid by the Mortgagee shail be charged into the morttage account and become an intes[al part thereo[. subject i~ all respects to the terms. conditions, and covenants of the aforesaid promissory note, and this mortgage, as fully and to the same extent as though a part ~ of the ori~inal indebtedness evidenced by said note and secured by this mortgage, exceptina however, that said sums shall be tepaid the' Mortgagee forthwith upoa its demand and be in addition to tha regular monthly install- ments provided by the mortaaae note. 3. That the absuact or abstracts of title coverin~ the mortga`ed pmperty-shall at all times. durins the life ~ of this mottgage, remain in posaession ot the Mort`asee and in event of the foreclosure of this mort`ase or other lransfer ot title to the moitaased property in extin~uishment ot the iadebtedness secured hereby, all ri~ht. title and interest of the Mott6a~a in aad to any such abstracts of title shall.pass to the purchaser or grantee. 4. To the extent of the indebted~ess of the Mortsa`or to the•Mort`a`ee d~actibed hecein or secured hereby. the Mortgagee is hereby. subrosated to the lien or liens and to the rights of the owners and holdets theteof of each and every mon6age, lien or other incumbrance on the land described herein which is psid and/or satisfied. in whole or in part, out of the proceeds of the loan desctibed'herein or secured hereby, and the respective liens of said mortgages. liens or other incumbrances. ahall be and the ssme and each of them hereby is preserved and shall pass to and be held by the Mortsagee herein aa security fot the indebtedness to the Mortgagee herein described or hereby secured, to the same extent that it woald have been ptesetved and wouid have been passed to ar~d been held by the hlortsaaee had it been duly and tesularly assianed, transfeaed. set over. and delivered unto the Mort- sasee by separate deed of assignment, notwithstandina the [act that the same may be satisfied and caacelled of ' record, it bein6 the inteation of the parties hereto that the s~ne will be satisfied and caacelied of record by tbe holders thereof at or about the time of the recording of this mortaa~e. 5. ln the event the ownership of the mortgaged premisea, ot any part thereof. becames vested in a person other than the Mortgasor. the Nort6agee may. without notice to the Mortgaaor. deal with such successor or suc- , cessors in interest with reference to this deed and the debt hereby secured, in the same mannec as with the Mort- 6a6or without in any way vitiatin6 or dischu~ina the Mor~aBaor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mort6a~ed and no fabeuance on the put of the Mortgagee, and no ex- ~ tension of the time for the payment of the debt hereby secuced `iven by the Mortaasee shall operate to release, ~ e i discharse. modify, chan~e or affect the oti`inal liability of the Mortgasot herein either in whole ot in part. £ - 6. The lien of this deed secures and shali continue to secure payment ot said indebtedness or indebted- ~ 4 ness, however evidenced, whether by said promissory note or any renewal or extension thereof or substitute thcre- for. or otherwise. until all such indebtednesa shall have been tully paid. ~ - 7. In the event the rnortgagors sell, convey or transjer th.e n~ortgaged pranises du~ing the lije oj this fiort- - , gage, then this rnortgage sha11, at the op~ion oj ~he Mo~tgagee herein, beconie inunediately due ond payv6le Jor the ~ jull sw~ oJ the principal balance and interest ~hen due. 8. The tenns "Mortsa~or" and "Mort~agee" whenever used in this instrument shall inc{ude the heics, ~ personal representatives, successots and assi6ns of the respactive parties hereto. Wherever used the singular i ~ number shall ~nclude the plural and the plucal the smgular, and the ot any gender shall ~nclnde II genders. _ ~ ~ ~ , ~ Sign . seale nd ver in the prescnce of: ~ (Seal) T. LUCIE COUNTY. FL1i. . ` i~C ~ ~F~~ ~~-I~TTf~rti ~.SGB~~ ; ~3s . ~70 AUG 3 a~ io : i i _ ~ STATE OF FLORIDA ~ ~ COUNTY OF7~1~ SS ~ ST. LUC j ~FO~ER ~OITRS'~ F ~ Be[ore rtx personally appeared J~~~~ Ox O~GM~~~~~aID ~TI~TgeY' 11`lOna.n,being the ~ to me well knovm and known to me to be the i ~viduals escn ~n and who executed e forejoing insuument. ~ and aclcnowledsed before me that they eaecuted the same [or the purposes therein expressed. WITNESS my hand and official seal in the County and State last aforesaid this 2~jl+d d8~y OZ eTtll~~ tilfllur~lf~~`',. ~ ~ v . ~ , ~ly C«nmiss~on Expues: Jt1~e 34+ 19']1 Notaty Public, State of Florida: a~',~+ ~ - , ~ = :,~,r.~ " Jl : ~ . , ~~~7! - . . ~ . s- ''~~I~ "h~~~•~~I~t~~~`~•• . - ' ~ "7 f.,' - : ~ ~ BOUK ~06 PAGE 4 ~9 ` } - - _ . _ _ _ . _z. v - - - -