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HomeMy WebLinkAbout0870 ~ ; . • ~ ~ t Our file 5-21,612 j th~s mw~p~e a o~her uansfar o( ~iile to tAe oon~~~ed pooe~~y u~ eaunswsbaent o~ ~Ae ~ndebtedeess secured hereby, aU u~ht. ~ule snJ ~o~e~est ot tAe Mo~t~yor ia and to ~ny insa~ace oolicies ~hea in (ore~ sh~ll p~ss to tbe pureb~su or ~antee. (h) Tu pe~(ain. c~ply •itM asd ae~de by s~sA and ev~rr W~ stioulat~oas, ~treeseau. coaditioas ~ed coven~a~s in sa~d prom~saay nute aod in tAu deed set tatA. (i~ Tba1 it any o~ a~id suws ot ~oney ht~e~a re(erted to be aot prosOtly ~od (ully Paid v~th~a tiheen days neat a(tcr 1hc asse severally Secases due aad paYable. or if e~cA aad e~~~y We stip~l~tions. a{reeisenls. cawi~tioas asd covenanls of ss~d pros~s- ~ say aote and tAis deed. ot eiWe~. ue not fully pe~tarocd. cow~lied ~ritA ~nd a0~ded by. tAe sa~d aure~ate sus iseaua?ed ~n s,~id poaisaotp note sAall beea~e dYe aad ayaele (atAvri~b ot the~eafter •t tbt optioa o( tM Alat~~~se ~s fullr and cosoletely as if tAe a~~d a{~re~ate su~ o( s~id ptasisaorY note ~r~s on~~aa11Y s~~V~~~~~ ~a ~ W~d ~ sucA d~y, anytbin~ ia s~id prosissory no~e or Aerein to the coetruy aotritks~aadit~{. 1 TAat ~a otder to acc~ls~~te tAo w~tutity of tM iadebtedeess Aeteby ~ecuttd. becauae of tAe failure o( tAe Mw~sa~or ~o p.r •ny ua, asseaswent. IiabllitY. oAliiatioo o~ encu~b~~nce upoa said poperty, ~s Merais provided. it shall not be ~ecesnary or roauisi~e ~l+at the ~wrt~a~ee sAall titst p~y the sase. 2. The Mat=a~ee may, at his option, and without waivins his ri~ht to accelerate tbe indebted~ess hereby sccured and to faeclose the s~me. pay either before or atter delinquency any or all of tlase certain obli~ations required by tha terms hereof to be paid by the Mort~a~or for the protection o[ the mort~a~e security or for the col• lectiun of the indebtedness heceby secured. All sums so advanced or paid by the Morlja~ea shall be chac~ed iato the mort`a~e account and become ~n intesral part thereof. subject in all ~espects to the terms. conditions. and covenants of the afcxesaid promissory note, at~d this mat~ase, as fully and to tha sacne exteat as thou~h a put of the o~isinal indebtedness evidenced by said note and secured by this aattiate, exceptinj howevec. that said sums shall be repaid the Nbrt~a=ee forthwith upoa its demand aad be in addition to the reiular moathly install- ments pwvided by the rtwctaa~e note. 3. That the absuact ot abstracts of title coveria~ the monsyed property s6all at all times. durin~ the li[e of t6is mortea~e. remain in possession ot the Matitiee ~d in event of the foreclosure of this mort~ase ot other - uansfer of title to the mortsa~ed ptopetty ia eatiusuishment of the iadebtedness secuted hereby, all ti~ht. title and interast of the Mon~aaa ia aad to any such abstracts of titla s6all pass to the purchaser or ~rantee. 4. To the extent of the indebtedness of the Mott~a~or to the Mort~a~ee described herein oc sacnred hereby. ~ the Mortsaaee is hereby subroaated to the lien or liens and to the ti~hts of the owners and holders theteof oi each E and every mortsase, lien oc othar incumbrance on the land described 6erein which is paid and/oc satisfied, in ` whole or in part, wt of the proceeds of the loan desccibed herein ot secured hereby. au~ ~e :espective liens of ! , said murt~ages, liens or other incwnbrances. shall be and tbe same and each of them hereby is preserved and ahall ~ pasa to and be held by the Mort~a~ae herein as security fot the iadebtadaess to the Mort~a~ee herein described or hereby secured. to the same extent t6at it woutd have been preserved and w~onld have beea passed to and been E held by the :14ort~a~ee hsd it beea duly aad re~ululy assi~aed, transferred, set over, and delivered uato the Mort- i ~a6ee by separate deed of asai6nmeat, not~rit6standins the fact that the same may be satis[ied aad caacelled of record. it bein~ the inteation ot the parties hereto that the same will be satiaCed and caacelled of record by the ; holders thereof at oc about the time of the recocdin~ of this mort=a~e. ~ S. [n the event the owaers6ip of the mortsa~ed premises, oc any put thcreof. becanes vested in a person ~ other than the Mort~a6or. the Mort=a=ee may. wit6out notice to the Mott~a~or, deal with such snccesaoc or suc- ; cessors in interest with reference to this deed aad the debt hereby secured. in the ssa~e manner as with the Mort- ~ ~a~or without in any way vitiating or discharsins the Mort~asoc's liability herennder or upon the debt hereby secured. No aale ot the premises hereby mort~a~ed and no fabearance oa the put of the Mort~a~ee, and no ex- tension of the time for the paymeat of the debt hereby secured ~iven by the Mortaa~ee shall oper~te to release. dischuae. modi[y, chanse or affect the orisiaal liability oE the Mortaajoc henia eit6er in whole or ia part. - 6. The lien o[ this deed secutes and shall continue to secnre paymeat of said iadebtedness or indebted-. ness. however evidenced. rvhether by said promissory note or aay renewal ot extension thereof or substitute there- for. or otherwise, until all such i~debtedness shall have baea fully paid. i 7. In the event the nroitgagors selt, convey or transJer the neortgaged pren~ises dureng the lije oJ this n~ort- E gage, then this ?nortgage shall. at the option oJ the Mortgagee herein. beco~ue inu~eediately due and payable jor the E jult su~ oJ the principal balonre ond interest then due. 8. The tecros "Mortsa~or" and "Mort~a`ee" whenever used in tt~is inawment shall include the heirs, ~ personal representativ~s. successocs and assians of the respective parties hereto. Wherever used the sin`u{ar number shall include the pluraf and the ploral the sin~ulu, aad the use o[ any ~ender shall include all genders. S~ ned. seal e vered the presence of: (Seal) ~ (Seatl ~ STATE OF FLORIDA Couw7Y o~~oec C~HARI,ES EVANS also known as C~IARLIE EYANS ~ ST. LUCIE 8nd PEARL EVANS his Wife t Before me personally appeared ~ ~ to me well lcnown and knoMa to me to be tha itdividuals desctibed ia aad who executed t6e fotefoia= insvument. ~ and scknowled`ad befora me that they executed the same for the purposes therein expressed. NITNESS my hand ~ a~d official seal in the Courity and State last aforesaid t6is 29th Daq of Apri 19~1 , ~ 4 ~ ~ NN1WNIt/N/~ '4 ~ ` ~ ~ x-ir 4/~~; T~ ~ .t- . ..~}3 i ~ My Canmission E:pires: June ~0~ 1971 Notary Public, State o[ ~ . ~ . ~ ~f s ~f' ~ . . ~t ~v~.v. ; ~ : ~.s- . • r s~~, p`; • ~ ~ t r/r,J si _ ~h. ?i~~ ~ -:s , i e: ~~a , f'~~i ~br~~'~~~~~N`*.,i ~ ' /i ' • ~ ,~b '1.~~:;:=' . ' ~ a~192 868 ~ - - ~ ~ . _ . ~ ~ . . _ ~ ~.+y~.,~ , _ _ r