HomeMy WebLinkAbout2540 our f i ls 5-20, 209 . ~
~A~. wa~~~so w u~Aa u~~uf~~ el u~k to ~Ae wa~~yN /re~eny u~ •uwy~~Nwt~~ a~Ae ~~dNteAwe~a ~~cwN Ata~y. ~Q u~h~, u~le
•wJ ~e~t~e*t ~1 Me 11a~~ya ~w ~M to ~ssw~~ce pl~c~~~ ~N~ l~c~ NNII M~~ ~o ~Ae ~cA~~e~ a p~w~~e.
IA1 Tu ~e~lrrw, c~+yiy +~~A ~M a~~e aY e~cA ~sd evay 1Ae •uw1~l~oa~. a{reswe~u. coMu~o~~ ~M cert~~1~ pow~•}a~
e~,~e anJ ~e IA~w Oeed at~ IatA. .
l~ ~ Th.~ ~t .ey o~ s..s o~ .ower ~ac~e ~eicoea io ~e sa ~~yUY ~~d (~Ity p~d ~ruMn Q(1se~ d~Ys ne~t ~I~e~ ~
~Ae s~~e sevet~llr ~tcowt~ drt ~~Y~Ale..x ~f e~cA uW tv~ty 1Me ~t~p~l~t~o~~. ~~~ee~cn~~. cWN1~1~011s ~M tOtt~~111! O~ i~Nl pOw~r~ }
.wy eot• sn0 tA~• ~es1. a e~~ber, ~rs eo~ f~lly oer(or~N. capl~el W~di ~ad ~A~ON ~Y. ~~e +~~d ~{t~s~~~e ~~w ~e~l~oaed m ~?~~A ~
pra~~.~swy eu~s slNll ~ecowc Are aM ptasle (a~Ar~U~ a tb~~~h~~ •t Uie oµ~o~ of U~t Ila~~~~~~ u telly ~N co.~~.uir ~t ~ne ~
.~~d a~~t~~ts s~ W ~a~d ~owu~wy aolt ~~s a~~~~~llr •tiwlNN ~o re o.~a a. rrcA ~•r. ~~1a~pi M~~~ Mai~N~y ~o~t ot Asre~e ~
~n tAt con~r~ry nohr~tMl~ud~~y.
1~ 1 Tl~s~ m ader io ~cceltr~te tAe .~.~~~ay or u~e ~~a~eua~.•. u~rssr ..c~ra~ bli~YSt OI 1A! I~IIYtt OI lAt Mort~~~a ~o ay ~ny ua. ~
~a.erssen~, h~l~hlY. obh{~t~oe ~r encuwluanct ~pan s~~d pteperty. a~ Aste~e ~tov~Asd. H sA~ll ~01 bs neaeraa~y ot re~u~~t ~h~~ ~he ~
n~.xi~a~ee .~Aail ht~~ oay Ue s~we.
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The Mort~a~ee may, at his option, and without waivin~ his ri~ht to accelerata the indebtedness hereby
.e~ured and tu foreclose the same. psy either before or aftec delinquency any or ~11 of those certain obli~ations
requ~rcd by the terms hercof to bo- p~id by the Mort~aaot for the protection of the mo~t~s~e security or fo~ the col- ~
trrt~un of tlie indebtedness heteby secured. All sums so adva~ced or paid by the Mort~a~u shall bo chat~ed into !
the mc~~t~ase acc~unt snd become an inte~ral put thereo[. subject in all cespects to the tetms. conditions. and
~~~?veoaets ui the afcxesaid prom~ssory note. and this mort~a~e. as fully and to the same eatent as thou~h a put
~~f the ori~inal indebtedness evidenced by ssid note and secured by this motts~~e._exceptin~ howevet. that said
cum. .hall be repsid the Mcut~asee forthwi.th upon its demand and be in addition to the re~ulu monthly install-
mems provided by the mottsase note. - ~
3. That the abstract or absuacts of title coverin~ the mort~a~ed pmpetty shall at all times, durin~ tha life
~ uf thix mortgase, remain in posaession of the Mortia~ee and in eveat of the foteclosute of this mort~a~e oc other
transfer o[ title to the mortsa~ed property in eatin~uishment of the indebtednes: secuted hereby. all ti~ht. title
and interest of the Mort~a~or in and to any such sbstracts of title shall pass to the purcbaser ot ~rantee.
4. To the extent of the indebtedness ot the Mort~a~or to the Mortea~ee described herein or secuted hereby.
the hbrt`a~ee is hereby s~xo6ated to the lien or liens and to the ri~hts of the owners and holders thereof ot each
and rvery mort~a`e, lien or othet incumbrance on the land desctibed hetein which is paid u~d/ot s~tisfied. in
whole or in part, out of the prc~ceeds ot the loan described herein ot secured hereby. and the respective liens of
said mort~a~es, lieos or other incumbraaces, shall be and the same and each of them hereby is preserved and shall
pass to and br held by the Mott~s~ee herein as secutity fot the indebtedness to the Moctia~ae herein described
or h~reby secured, to the same extent ~that it would have been preserved and ~rould have been p~ssed to aad beeo
he1J by the l?k~rt~a`ee hd it been duly aed re~ularly assi~ned. traesfened. set over. and delivered uato the Mort-
aa6ee by separate deed of assisnment, notwithstandin~ the fsct that the same may be satisfied and cancelled of
reccxd. it bein~ the intention of the puties hereto that the same will be satisfied and caacelled of record by the
halders thereuf at ar about the time of the recordinf of this mort~a~e.
5. ln thc event the owne~ship of the tnort`a=ed premises, ot any part thereof, becomes vested in a person
other than the M~xt6a~or. the Mort~a~ee may, without notice to the Mort=aiot, deal with such succesaot ot suc-
cecsors in interest with refetence to this deed and the debt hereby secured. in the same manner as with the Mort-
saaor w~ithout ~n any way vitiatin~ or dischar~in~ the Mort~a~or's liability hereunder oc upon the debt hereby
secured. No sale uf the premises hereby mortta~ed and no [orbeuance on the put of the Mort~a~ee, and no ea-
' tensi~.n ot the time for the payment of the debt hereby secured ~iven by the Mort~a~ee shall operate to release.
; dischar~e. modify. chante or affect the ori~inal liability of the Mort~a~or herein either in .vhole or in part.
E 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted-
4 nes., however evidenced, whether by said promissory note or any renewal or eatension thereof or sub:titute there-
E for, ur otherwise, until all such indebtedness shall have been fully paid.
~ 7. /n rhe event the mortgagors sell, convey or transjer the inortgaged qen~ises dwing the liJe oJ this mor~-
~ RaRe, then this morrgage shall. at ~ht oplion oj lhe Mortgagte herein. 6eca~e inunedia~ely due and payable jor ~e
ju/l sun~ oJ the principa! balanct ond interes~ /hae due.
8. The tem~s "Mort~a~oc" and "Mort~a~ee" whenever used in this instrument shall include the beirs.
personal representatives, successors and assisns o[ the respective parties hereto. Wherever used the sin~ular
~umber shall include the plural and the plural the sin~ulu. and the use of any ~ender shall include all fendets.
Si ed, seale ve d~ the presence of: (Seal)
(Seaq
~
t
STATE OF FLORIDA
COUNTY OF~6 ss ~ ~
~ Be(oSre me p~erionally aPpeued F. GER~iLD t1NDERSON av.d S'riIBLTY D. ~NDERSOii, hi8 wife
to me well known and kao~?n to me to be t6e irdividuals desctibed ia and wha exacnted the foce~oia~ inswment. ,
and scknowledied before me that they executed t6e same [ot the purposes thetein exptessed. NITNESS my hand
and off~cial seal in the Couaty and State last atoresaid tbis nd day Of AL1gL1s 19rf0• :
~ FIrEO AND RECORDEO' - i
ST. LUCIE COUNTY. FLA:
FE:CQ~2~ `l~RIFtF
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~ly Canmission Espites: 0 1 1. 3~atuy Public. Sta or Florid~' _
- 3v- ? ~ 1981.31 = ~ 1
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:~Q~er i'OITR:.s f : ~ ; ~ _ .
CLERK CIRCUIT COURT; ti 4
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