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HomeMy WebLinkAbout2847 . Our file 5-21,540 th~~ mun~tapr .w .~~hc~ ~~an~(r~ ol ~~Ilr 1.• tAe m~a~r~~ed popti~> in t~un~u~~Ameni o~ ~he ~ndc~tcdnrns . i~ wrJ Ae~en~. •U nrh~, i~tle and ~nierc.t ~.t ~he \fu~~~arw m..nd ta ~m ~n.w~n.e p.~l~c~e~ then ~n lor.e sh~ll pa~. ~n ihe pur.haae~ u~ ~iamee. IA1 lu p.x~~~wm, .anph ruA •nd ab~Jr h~ eacA anJ eveiy tAe supulat~.u~~. a{~cements. cond~l~cu~s and :ucen•n~s ~n .~~d piom~.s~.ry no~r an.f in ~A~..IerJ ~ct fo~t~. 4, r l~ 1 lhat ~ny ol ~~~d sum~ ul monr) ~~~em ~elrnrd to be nat promp~A' •nd lull) Da~d ~uhin lii~crn da). r~~~ attr~ the ~~me cerc~+lly be~omes Jue and pa~aMe,~r ~f t~cA and evety tht supulauona, a~ttemrn~>, .unJ~Uoo. and co~enan~~ of .a~J p~.Kn~~- ..av nate and thi. d~ed. or e~tAc~, are no~ (u11Y ~r(ormed. ~~~mplrcd +~th and aD~Jed by, ihe .a~J rg~~cp~e sum menUoncd m se~d pr..mi.s.w> o..te shall be.cxne due •nd p~ubit (cutA~hh ~v tAe~eattc~ N the ~+Uon Ihe A1o~iKa~ee as (ully •nd completcl) as d ~hc .rid •~~~eRNe ~wn o( c~NI (4~MIIlS~~Ny OOtt ~as on~~nally supulated to be pa~d m vuch drY. any•Am{ m sa~d prc~m~saory nnte cw Ae!t~n t.. ~he :i.m~ar~ nut~~~h.~and~nR. 1 lha~ m urder to rcttlerate tAe malutAy u( the iodcbtednesx hereby vecwcd. becausc of thc ~a~lure of the Afwt~~~ot ~o pay rny ~aa, as.e..:men~, lub~l~t>. .~bl~~au.~n iN ~naumMance uprn +~~A p~~pcrty, herc~n prov~ded. ~l ~Aall not Ae ne.c.~ar~ .x reqws~~e ~~at ~he m..i~~r~ee .h~U (uct My iAe same. i Thr \lortgagee may, at his opt~on, and without wa~ving h~s tight to accelerate the indebtedness hereb~~ ~ .e~ured anJ t~? [orerlose the sam~, pay either i~efore or after deGnquency any ut all of thuse certain obligations i tcywrr~! b}• th~ t~rms hercof to be paiJ by the ~~ortgegot for the protection of the martgage security or for the col- Ir~ti.~n uf tha indebtedness heraby secured. All sums so advanced or paid by the hlortgagee shall be charged into thr mortgage accuunt anJ became an ~ntegrai part thereo[. subject ~n all respects to the terms, cond~tions, and ~uvenan~s uf the afurcsa~d promissoty note, and this mortgage. as fully and to the same extcnt as thoueh a patt uf the ~~nginal indrbtedness ev~denced by said note and secured by this mottgago, axcepting howevec, that said ~ums .hall be repa~d the !~1u~tgagee forthwith upun its demand and be in addition to the regular monthly ~nstall- ments pmv~ded by the mortgage note. i_ That the ahstract or abstracts of title coveting the mortgaged ptoperty shall at all times. durins the life uf th~s rtx~rt~age. rema~n in possession of the Alottgagee and i~ event of the foteclosure oC this mortga6e ot ather ttanafer ~~t t~tlr tu the mortgaged ptoperty in extingu~shment of the indebtedness secured hereby, all right, titte and ~nterest of the ~lurtgagor ~n and to any such abstracts o[ titfe shall p~ss to the purchaser or grantee. ~1. To the extent o(' the ~odebtedness of tha Mortgagor to the Martgagee described herein or secured hereby, th~ \lortgagee ~c hereby subrogated to the lien or liens and to the rights of the owners and holders theteof of each and ever}• an~rtgagr, lien or othet incumbrance on the land described herein which is paid and;'or satisfied, in Nh~~le ~~r in part. out of the proceeds of the loan described herein ot secuted heteby, and the respective liens of ~a~d m.~rtgages, liens or other incumbrances, shall be and th~ same and each of them hereby is preserved and shall pass to and be hcld by the \lortgagee herein as security [or the indebtedness to the Mortgagee herein described oc hereb~~ srrured, to the same extent that ~t would have been preserved and would have been passed to and been hrld by the \tortgagee had ~t been duly and regularly assigned, transterred, set ovet, and deliveted unto the Mort- gagee b~ ~eparate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it being the intention of the parties hereto that the same will be satisfied and cancelled of record by the ~ hol~iers therevf at ~~r abant the ume of the recording of this mortgage. S. In the rvent the ownership of the mortgaged premises, or any part thereof, becomes vested in a person uther than the ~k~ttRagor, the ~tortgagee may, without notice to the ~lottgagor. d~al with such successor or suc- cecsors ~n interest ~ith reference to this deed and the debt hereby secured, in the same mannec as with the ~1ott- gagot N~thout in an~• way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby ~erured. No sale of the premise~ hereby mortgaged and no forbeatance on the part of the Mortgagee. and no ex- i tension of the ume for the payment of the debt hereby secured given bp the Alottgagee shall operate to telease, ~ discharge, mod~fy, change or affect the original liability of the ~lortgagor hetein either in whole or in part. ; b. The I~en of th~s deed secures and shail continue to secure payment of said indebtedness or indebted- ~ ness, howzver evidenced, whether by said promissory note or any tenewal or extension thereo( or substitute there- ; f.~r, ur otherwise, unul all such indebtedness shall have been fully paid. E 7. ln rhe r~•cn1 the mortgago?s sell, convey or transJer the morlgoged premises during the lije oj this mo?t- € xu¢e. then this mortgage shQll, at ~he option oJ ~he Alortgagee Frerein, become immediateiy due and paynble Jor ihe ~ iu(1 sum oJ lhe pnnci~l balance and interest then due. ; 3. The tenns "!1lortgagor" and "\lortgage~" K~henever used in this ~nstrument shall include the he~rs, t perconal representatives, successors and assigns of the respective parties hereto. Wherever used ihe singutar v number shall include the plural and the plural the singular, and the use of any gender shall include all genders. ~ ~ M ~ S ed, seal a res n L ~ ~ (Seal) ~ ` ~ C.~~L ~t--~. l~ ~ L ~-f-' (Seall x ' • ~ ~ P 5 w ~ Kz y a + ~ STATE OF FLORIDA I # COI,'NTY OF[~ j ss ~ ST. LUCIE ~ - Betore me personally appeared GRANT HADLEY and ALBERTA HADLEY~ his Wife - to me well known and known to me to be the indiv~duals described ~n an~i who executed the foregoint i~suument. end acl~nov?Icdged before me that they eaecuted the same for the purposcs therein expressed. W1TP3ESS my hand - and ~~fficial seal in the County and State last aforesaid this lSth day of April 1971. Y - . us~.,: c:. ~ = ~1y ('~?mm~ss~on Eap~res~ June ' 1971 Notary Public. State o • F i~~ _ . . ; • • zT. wc~f couNtr u. _ ~ ~ : ROGER POITNAS ~ _ . : , ~ y~ : ~ CLEkK CIRCU~j C4URT L~''~ _ : ~ ;`r„~ 'v ; RECORO YERIFIEO~ ~J ' ' . ~ (1 i`~' - ~ ' . Alr ' - ~ ArR 23 4 31 PM'11 . . . . ~ 208i45 ~ R i91 28~42 . ~ ~ ~c,ox - P'~L , _ • - ~ ' , . _ . ; ~ a - .'~,y . : . ~ _ _ . . - . .4-c .