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Home My WebLink About1083 Our file 5-21,373 ~hi~ mu~1~t~~~ ~r u~ht~ tans(e~ ul t~lle la Ihe mw~ta~ed poper~~ m cRl~n~waAmcnt ol tAe ~ndebteJne+a .t.mrJ hrrth>. ~11 n~hi, uUc rnJ ~n~e~cs1 al Ihe \knt~~~or ~n and lo yny ~n.w~n.e poi~c~cs 1Atn in (wce sA~ll pssc to ~he pwchasei w ~ran~ee. lhl Tu pc~tam. i~rnplY r~th and ab~de h~ each and eve~Y tAe supu{aUwis. a~~eeme~ts. cond~huns and coven~ms ~n ~~~d p~um~.sury na~t anJ m th~. deod .et (oith, 1 That any of sa~d suma ul moocy he~ein ~clrrtrd tu bt eol prompUY and (ully pa~d rr~~h~n (~hcc~ Jav. ne~t aliar ~he same sr~erslly bec~xnes dut ~nd pa)able,~ ~f eacA aod eve~y the st~pul~teonx, a~teemenis, cunJ~Uuns and coveean~~ of said p~~un~s- s.w~ nae and th~y deed, or e~~her, •re nu~ (ully pertorwed, ~ompl~ed r~tA and ab~Jed by, tAe ~a~d rR~repte aum menuuncd sn aud pom~.sa~ nutt sMll Decome Jue and paY~ble Iath~r~tA ix the~ealter N tAe opl~on ut the M~xt~a~ee as tully and completel~ aa ~he :a~d a~~rc~ate aum ot said prom~scwy note ~ras cw~~~nally sppul~ted to be pud on such d~Y. anytlfm~ ~a sa~d pram~saory noie ur here~n _ to ~he rwiuary notwuhsund~nE. 1 That ~n wder ~u acctleate the matw~ty o[ the ~ndebtedness hereby ~ecured, bec~use o( the ta~lure o( the Mw~~a~iK ~o pay any ~aa, •..e.~csment, L~~~INy, obhsst~un ix rncumb~ance u~x~ s~~d propertY. as herem pruv~ded, ~l ~hall not be ne.e~~ary ~x requis~te ~'~at the m~xt~a~ee sAall (~rst pay tAt same. The ~brtgagee may, at his option. and without waiving his t~ght to accelerate the indebtedness hereby secureJ and tu foreclose the same, pay either before or efter delinquency any or ail of those cettai~ obligatians required by the terms hereot to be paid by the \lortgagor for the protection of the mc~rtga`e secutity or for the col- le~~~on of the indebtedness heteby secured. All sums so advanced or paid by the Mortgagee shall be charsed into the mattgage accaunt and become an integral part thereo[, subject in all respects to the tetms, conditions, sod rovenants oE tht af~xesaid pnNnissory note. and this mortgage, as futly and to the same extent as thou~h a part of the onginai irniebtedness evidenced by said note and securcd by this mortgage, exceptin6 howevet, that said cums shall t+e repaid the Mortgagee forthwith upon its demand and be in addition to the regular monthly install- ment~ provided by the mortgage nott. 3. That the abstract ot absuacts of titte coverins the mottga~ed ptoperty shalt at all times. durina the life uf this rrwrtgage, remain in possession of the Moctgagee snd in event of the foreclosure of this mortgase or other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby. all right, title and ~ntetest of the Mottga6or in and to any such abstracts of title shall pass to the putchaser or gta~tee. ~i. To the extent of the indebtedness of the Mortgagor to the Mort~agae described herein or secured hereby, [he \tortgagee ic hereby subrogated to the lien ot liens and to the rights of the owners and holders thereof of each a~d every mortgage, lieo or other incumbrance on the land described herein which is paid and/or satisfied. in whole or in part, out of the proceeds of the loan described herein or secured hereby. and the respective liens of sa~d m~rtgages, liens ot other incumbrances, shall be and the same and each of them hereby is preserved and shall pass to and be held by the !Nottgagee herein as security for the indebtedness to the Alortgagee hetein described or herrby serured, to the same extent that it would have been preserved and would have been passed to and been held by the \lortgagee had it been duly and regulatly assigned, transfec~ed, set over, and delivered unto the Mort- gagee by separatr deed of assignment, notwithstanding the ftct that the same may be satisfied and cancelfed of record, it being the intention of the parties hereto that the same will be satisfied and cancelled of record by the holders there~~f at or about the time of the recordins of this mortgage. 5. In the ~vent the ownership of the mortgaged premises, or any patt thereof. becomes vested in a person other than the \lottgagor, the ~lortgagee may, without notice to the hlortgagor. deal with such successot or suc- cessors in interest with refercnce lo this deed and the debt hereby secured, in the same manner as with the Mort- gagor aithout.in any way vitiating or discharsins the Mortaa6or's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mottgaged and no fc~rbearance on the part of the Mortgaaee. and no ea- tension of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to rclease, discharge, modi[y, change or affect the original liabitity of the Mortgagor herein either in whote or in part. 6. Tt~e lien of this deed secutes and shall continue to secure payment of said indebtedness ot indebted- ness, hov?ever evidenced, whether by said promissory note or any renewal or extension thereof or substitute there- for, ur otherw~se, unt~l all such indebtedness shall have been fully paid. ' 7. !n rhe event the mo~lgagors sell, convey or trnnsjer the mortgoged preinises during the liJe oJ this mort- ; xaRe• then th~s mortgage sha/1, at the option oJ lhe Afortgagee herein, becorne ~mmediately due and payable /or the fulf sum oJ the prrncipat 6alance and interest then due. - 8_ The tetms "Mortgagor" and "!~lottgagee" whenever used in this instrument shall include the hei[s, ! personal representatives, suceessors and assigns of ihe tespective patties hereto. Wherever used the singulat ~ number shall include the plural and the plural the singular, and the use of any gender shall include all genders. s ~ ~ Si d, seale n iv ed i e presence of: 1~~~ (Seal) € ~ (Seal) ~ ~ ST~LUCIE CO NTY FU. ~Gr O~1 J ROCER PO~TRAS ~ STATE OF FLORIDA I CLERK CIRCUIt COURT,Q~,~ ~ ,S aECO~o rEa~FiE~_~~~? ' 7/ . COUNTY OF { ~ ~ ~ a S~. LUCIE ~ u~ ctore me personally appeared HENRY TAYLOR end JU A lii~ wife - to me w•e11 k~own and known to me to be the individuals described in and who executed the fore~oinj insuument, ~ and acknowled~ed before me that they executed the samt for the purposes therein espressed. WITNESS my hand ~ and off~c~al seal in the County and State last aforesaid this Z~ttl DSy of Mareh ~ 1971 :a ~ 1~.1~..,:.... _ ; P. • ~ ~1y Commiss~on Exp~res: Jui1E 3O ~ 19~1 Notaty Publ~c g:l e ~ - : ; , . - ~'j - ri . . ~ , • •M ' ` ~ ~ . ~ 6~~K 1g1 1U81 ~ ~ . , 57 ~ .z ~ '~r . . - - _ ~ - . _ _ I I~~~' _ -