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Home My WebLink About1082 iA~. mw~K~~r ur uthe~ ~r~ns(e~ ol Utle tu ~Ae mo~~~a~e0 poperiy ~n eaUn~u~sAment u1 the ~ndeEtedneya aecwed AaebY. ~11 r~~hi, ~~tle and ~nitrr~l ol tht Mor~~~~W ~n ~nd 1o any ~n.unn.e pol~c~ea then ~n force ~A~il psss ~o ~he purcAuer or ~rinue. IA1 Tu pe~Irwm, c..mply vr~th ~nd sh~de by each and every lht s~~pulat~ons, a~~eemc~ts, cond~l~ons ~nd coveoan~s ~n a~~d prom~.taty n,~te anJ m ~h~. dteJ aei (ortA. 1 Tha~ ~1 yny of sa~d awns o1 mooey he~e~n ~e(rrrcd to be not pranptlY •nd fully pa~d ~ruA~n hhten OaY• ne~~ auer ~he a~me aeverally becases due ~na p~YaAle.~r ~t eacA ~nd eve~y the s~~pul~uons, ~~~eements, conJ~~~ons and toren~~~a ot aa~J prw+~~a. ..xy ~o~e and tA~s deed, o~ e~~her, ue noi (ully perto.med, caepl~ed WuA and ab~ded Dy, the .a~d a~{rt~~~t sum reent~oned ~e ~~~d Mum~.sury nute sMll becou~c due and payable (ath.uA ~x there~fter •t tAe ophoe of ~Ae Ma~p~ee •s fully and coaipletclY as d the .a~J a~~rc~ale sum o( sa~d promisswY note ~r~s on~~na11Y aupul~ted to be p~~d on sucA d~Y. ~nytA~n~ ~n ~ud ptoaus~ory no~e a Aete~n ; ~o Ihe ccxi~rsry notW~thst~nd~ns. 1~ 1 Th.~ m orde~ ~o acceler~te the mawnty of the mdebtedness Aeteby ~ecwed, Eec~use ol the (~~lure ot !Ae Mort~s{cw ta p~y ~ny la*. ac.e~.inent, I~~b~luy, oDl~~auoe ~x encumbrance upon auA proper~y, u he~e~n prav~ded, i~ sMll not be ncces~ary a requ~s~~e ~ha~ ~he ~ mor~R~~ee s~all fu.~ pay the a~me. 2. The Mortgagee may, at his option, and without waivin~ his r~~ht to accelerate the indebtedness hereby ~rcured and tu foreclose the ,ame, pay either before or after delinquency any or all of those certain oblitations rrqu~reJ by the terms hereof to be paid by the Mottga`or for the protection of the mortga`e security or for the col• ~ lec~iun of the indebtedness hereby secured. Ali sums so advanced or pa~d by the Mort~a~ee shall be chat~ed into the morteage accaunt and become an inte~ral part theteof. subject in all respects to the tetms, conditions, and ~uvCnants uf the aforesaid pram~ssory note. and this mortgage. as fully and to the same extent as thou~h a part ~~f the original irniebtedness evidenced by said note and secured by this mort`a~e. exceptins however, that said cum. ~hall be repaid the NMrtgagee forthwith upon its demand and be in addition to the te6ulat monthly install- m~nt~ provided by the mortaage note. 3. That the abstract or absuacts of title coverins the mort~aged ptoperty shall at all times. durin6 the life af ~hia nx~rtgage, remain in possession of the hloct`agee and in event of the foreclosure of this mottgase ar other transfer of titte to the mortgaged property in extin~uishment of the indebtedness secured hereby. all ri~ht. title and interest of the Mortgagor in and to any such abstracts of title sh~ll paas to the purchaser or ~rantee. 4. To the extent of the indebtedness of the Mort~a~or to the Mort~a`ee described herein or secured hereby. the !1lortgagee ic hereby subrogated to the I~en or liens and to the ri~hts of the owners ar~d holders thereof of each and rvery mortgage, lien or other incumbrance on the land described herein which is paid and/or satisfied. in whule or in part, out of the proceeds of the loan described herein ot secured hereby. and the respective liens of :s ~aiJ mortgages, liens or other ~ncumbrances, shall be and the same and each of them hereby is preserved and sh~ll patic to and be held by the Mortgagee herein as security for the indebtedness to the Mortga`ee herein described ~.n c~reby ~ecured, to thc same extent that it w~uld have been preserved and would have been passed to and been held by the ?11~~rtgagee had it been duly and reaularly assi~ned. transfened. set over, and delivered unto the Mort- gagee b~ ~eparate deed of assignment, notwithstanding the fact that ~he same may be satisfied and cancelled of record, it be~ng the intention of the parties hereto that the same will be satisfied and cancelled of record by the holders thereuf at or about the time of the tecordina of this mott~age. S. In th~: event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the !1kir~gagor, th~ ~lortgagee may, without notice to the Mottgador. deal with such successor or suc- ce~sor~ ~n interest N'ith reference to this deed and the debt hereby secured. in the same manner as with the hlort- gago~ Nithout ~n any way vitiating or dischar6ing the Mott~agor's liability hertunder or upon the debt hereby secured. No sale of the ptemises hereby mortgaged and no fabearance on the part af the Mort~a~ee. and no ex- tensi~.n of the time for the payment of the debt hereby secured given by the Mortgagee shal{ operate ta release. r di~rharEe, modify, chanse or affect the ori`ioal liability of the ~lortgasor hetein eithec in vrhole ot in part. ; b. The fien of this deed secures and shall continue to secure payrt~ent of said indebtedness or indebted- ~ nrs., howevcr evidenced, whethet by said ptomissoty note or any tenewal or extension thereof or subsutute thete- ~ fur, ur atherw~se, until all such indebtedness shall have been fully paid. ~ 7. In the e~•ent the mortgaRors sell, convey or nansjer the mo?Igaged premises during the liJe oJ this rno?t- ~ RaRe, then this mortgage shal/, a~ the option oJ the Alortgaget herein, 6eco~ne irxmediately due and payable Jo~ the Jull sum oj the pnncipal balance and interest then due. ~ 8. The tertns "Mortgagor" end "Mottgagee" w~henevet used in this instrument shatl include the heirs, ~ persc?nal representatives, successors and assigns of the respective parties heteto. Wherever used the singular number shall include the plural and the plural the sin6ular, and the use of any `ender shall include all genders. a c ~ gned, s~al an I' ere i the resence of: (Seaq fIIEG A!i~ RECj'f fV- CtE C~u~ V (Seal) ~ ~taCll?1 RECARp VEF~f1fA ~ tZ 09 p~'~ t ~ STATE OF FLORIDA ~ ss " - COUNTY OF ~ ST. LUCIE ~ unmarried man b~~~1g th dower Before me personally appeared MATTHL~'WS WATSON ~ 8II ~f ~:Li~X 1dA~~~ to me well knov?m and known to me to be the ~ndividuals de:ctibed in and who executed the ore~om~ ~nstrument. and acknowledged before me that they executed the same for the purposes therein expcessed. WITNESS my hand and official seal in thc County and State last aforesaid this 13th Day of February, 1971 ~E • ~ NOTAR~ PUBLIC, S?ATE of FIORIDA at LARGE . q ~ MY C0IAMISSION fXPIRFS JUNE 34 197L ~1y Commission Expires: Notary Public. State of • ' ' ~ -~Y~ ~ 'j j ' . ~ ~ ~ti'~, : ; ; sd~. .i? ` .a. - ~~'q % ~,,1 } ` -~t ; y ~ ~ ; x ''~.~,~"vP ~ ' ~1. " ~1~ ~ i . L . ~ ~1 ~ o R ~ ~y, ~~1 - x ~ ~ w ~ ~ vx i y 4~ . ^s ~ y r~ ~ p, ~~S"~ ~'t~ .«..W~:~.. ~ .