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Home My WebLink About1125 . i - Our file 5-20, 30? tA~~ mai~s~e a other tt~nifer o( ~~tie 1o the morl~~ded prope~ty ~n saue~uuh+aent u1 ~Ae ~ndebtedness secwed Ae~esy, •11 ~~~A~. ~~tle anJ ~nierest oI tAe Mwt~~{a ~n ~nd to any ~naur~nce polic~e~ tAsn in torce ~A~11 pass ~o ~he purch~set ot p~ntee. IA1 Tu perlrxm, c.xnply w~lA ~nd a~~de by sach ~ed evsry tAe st~pul~uona. +treements, cond~t~oes ~nd coven~nis ~n ay~d prom~.~ory nule •nd ~n ~h~v deed st~ (ortl~. 1~ 1 Th~t sny of i~id ~wes o( nwney herem ~efrticd to Ae nol prompUY ~~d fully pa~d W~~h~n hf~een day~ neit af~cr ~he aaiae severally ptcoAt~ due ~ad p~Ysble.or if e~cA ~ed every tAe a~~pul~uons, ~~reemen~s, caed~~~a+s ~nd covsn~nu of s~~J prom~a- .wy nole aeM th~s deed, a euher, ~re not fully pertased. com0~ud Wuh ~nd ab~ded sy, ~Ae .~~d aNre~~~e iwn menuoned m s~~d _--._!r •~~I becose due and paYa~le tatAv~~A or tAers~(te~ •1 tAe opuoe ot tht Mat{a~~e u tully ~nd canpletely ss d the .a~d .~f~re~ate wm of ~~id pae~sswy no~e v~s a~~ma11Y stipul~tM to ee p~~d o0 3ucA d~Y. anyNm~ in s~~d pas~ssay no~e or Aere~n ~o tAe conlrary notr~lhat~nd~na. V 1 TAat ~n ader ~o accelet~te the mswn~y o( Uu mdebtedne~s herepy secured, bcc~uee ot tAe (~~lure of the Mor~~~~or to p~y ~ny ~az, .a.e.ament, I~~b~luy, oeli~~uon or encwn~rance upoe s~~d property, a• Aere~n prov~ded, sh~ll not se neces~ary a reau~s~te ~A~~ il+e mcxt~a~tt sAall f~rat pay thc i~se. 2. The Mort~a~ee may,,at his option, and without waivin~ his r~~ht to accelecate the indebtedness hereby secured and tu foreclose the same, pay either before or after delinquency any or all of those cert~in obli~ations required by the terma hereof to be p~id by the Mort~~~a tor the pcotection of the mort~a~e secutity or for the col- lertiun of the indebtedness hereby secured. All sums so advanced or paid by the Mort~a~ee shall be chi~~ed ieto the mc~rtsage account ancf become an inte~ral put theteof. subject in all ceapects to the tetms. conditions, and ~uvonants of the afcxesaid promisaory note, snd this mort~a~e. as fully and to the same extent as thou~h a part of the orig~nal indebtednexs evidenced by said note and secured by this mott~a~e. exceptin~ howevet, that aaid cums shall be repaid the Mort~a`ee forthwith upon its demand and be in addition to the re~ular monthly ins~all- ments provided by the mott~ast note. 3. That the abstroct or absuacts of title coveties the mott~aied property shall at all times, dutin~ the life ui ihis mortgage, remain in possession of the Mort~a~ee and in event of the foreclosure o[ this mott~a~e or other transfer of title to ihe morc~a~ed properey in extin~uishment of the indel+eedness secured hereby. all ri~ht. title and interest of the Mart~a~or in and to any such abstracts ot title shall pass to the purch~ser or ~raetee. 4. To the ex~ent of the indebtedness of the Mort~ajor to the Mort`a~ee desctibed herein or secated hereby, the hlort`asee is hereby subrogated to the lien ot liens snd to the ri~hts of the owners and hotders thereof of euh and every mort`a~e, lien or other incumbrance on the land described herein which is paid and/or satis[ied, in whole or in part, out of ihe proceeds of the loan described Iurein or ucuced l~ereby, and thc respective liens of said mortgages, liens or other incumbrances. shall be and the same and each of them hereby is preserved and :ha11 pacs to and be held by the Mortsaeee herzin as security for the indebtedness to the Mortta~ee herein desctibed on c~reby secured, to the same extent that it would have been preserved and would have been passed to and been held by the 11'k~rtsa`ee had it been duly and re~ularly assi~ned. transfetted, set over, and delivere~i unto the Mort- gagee by separate deed of assignment, notwithstandin~ the fact that the same may be satisfied and cancelled of record. it beini tht intention of the parties hereto thu the same will be satisfied and cancelled ot record by the holders thereo( at or about the time o[ the recotdia~ of this mott~a`e. S. In thc event the ownersbip of the ieottiased~premises. or any part thereaf, becomea vested.in a persoa 6:he~ -than t~~~klssts~:s,_rtit t~':~rcg~ite_~t~._~Ih~t notica to_the Motttajot,_deal with such successor or suc- - _ cessors in intecest with teference to this deed and the debt heceby secured, in the same manner as with the Mort- sa6or without in any way vitiatia6 or dischar~in~ the Mort~a~or's liability hereunder or upon the debt hereby : secured. Na sale uf the premises hereby mott~a~ed and no forbeuance on the part of the Mort~a~ee. and no ex- ~ tension o[ the time for tha payment of the debt hereby secured ~iven by the Mott`a~ee shali operate to release. discharge. modify. chan~e or affect the ori~inal lisbility of the Mort~aaor hetein eithet in whole or in part. 6. The~lien of this deed secures and shall continue to secure payment of said indebted~ess or indebted• ; ness, howcver evidenced, whether by said promissory note or any renewal or extension thereof or substitute there- ; for, or otherwise, until all such indebtedness shall have been fuliy paid. ~ 7. In the event the mortgagors setl, convey or trnnsJe~ the ~nortgaged premises during the lije oj ~his mort• i } Rage, then this rnortgagt shall, at ~he option oJ the Mortgaget htrein, becane immediately dut and payable Jor the ~ ~ jull sum oj fhe p?incipel bolanct and inttrts< <hen dut. ~ 8. The terms "Mortaagor" and "Mort~a~ee" whenever used in this instrument shall include the heirs, ~ ~ personal representatives, successors and assi`ns of the respective parties hereto. N?herever used the sin`ular ~ ~ number shall include the plural and the plural the sin=ular, and the use of any ~endet shall include all ~ender:. ; ~ 4 i~ned, a deli red in the presence of: ~v.~~~ (Seal) i ~ (Seap ~ ~ ~ STATE OF FLORIDA COUNTY OF ~ ss ~ ST. LUC Be(ore me persona y appeared ~IILLIE GORDON a.Ytd I~ILLIAN GORDON ~ hi s wiYe ~ to me well known and tno.vn to me to be the individual~ described in and who executed the fore~oin~ in:uument, ; and acknowled~ed before me that t6ey e:ecuted the •sme for the purpose: therein expressed. WITNESS my hand ~ and o~ficial seal in the Cowuy and State (ast afaesaid this 12th day Or S er, 197~. ~ ~ N . RECOR~DI,~ . - FILEO`A D ~ ~ . ~ ST. LUCIE COUNTY. My Commis:ion Expitef C~~~SJ~ 19?1 Notuy Public. State of Fl . ~ -~c•~ C om • L-3o•y/ : . _ ~ ~ 30 10' 3q ~ ~ s '~0 SEP • ~ ,r.~ : ~99Uf38 ' ~ ~ ~ • ~ i~OGE.R POITRAS ~r~ _ '1• - CLERK CIRCUIT COURT~ U R , J~ BooK 187 ~125 . x:u i:, I :