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Home My WebLink About2192 ! ~ ? J . 4ur file 5-21,692 tA~s e~ottp~e a otAet ttaaa(e~ o! U~le to ~Ae swt~~~eA ptope~ty m eat~nswsl~meet ol the ~ndebledatss atcured Aueby, all n~h~, tule •nd ~nte~eat of tA~ 1Aa~~ya ~s and to ~ey ~n~ut~nc~ policies tAea ~n (wce sh~li pass ~o tAe putcA~ser w ~rantee. (A) To Otrtore. comply v~1A ~nd •p~de by e~cA and erety ~he at~pula~ion~. ~~t~ements. cond~l~ona •nd coven~nts ~n sr~d prom~ssiay eo~e snd ~n tA~s deed aet fatA. ; n ~ (i) TA~t if ~ny of a~~d srss o( ina?ey Aere~n retened 1o be not ptomp~ly ~ad tully pa~d Wuhin hheee daya neR~ af~e? k tAe s~~e sere~~lly beco~ea due aad paY~~e.ot eacA ~nd eve~y IAe aupul~tiwu. ~`reementa, condutons and covrn~ms ot sa~d prm~s. sorr no~e and tAii deed. or e?tAer~ are not tullr performed, complied vritA e~?d ~Dided by, tAe s~~d au~eiate swe ~een~~oned ~n aa~d pooiuory aot~ ~A~ll beco~e due and pay~ble ta~hWitA or ~Aero~tter •1 the optlae ut tAe ?{ort~~~ee •i (u11Y ~nd compteulY as ~f ihe s~~d ~ure{~te sur of ~ud pro~issay note vr~s a~~~n~lly stipulated to be p~~d ~:~e a.r. ~nytA~ns ie s~~d promiasory ootc or he~e~n to tM contruy aolvi~Aat~ndie~. V) Th~t ia order to ~ccNu~te Ue aytun~y of tAe ~ndeptedneas Aerepy secured, bCC~Y1t O~ lAt ~~IIYf! OI lA! Mwt~a~w ~o p~y any ia?, assssaaeat. I~~b~lity, obli~~t~on or entumbrance upon sa~d property, •s Aere~n provided, ~t shail not Ae ~ecessary or reQu~si~e tAa~ the s«~sasee sA.~~ t~rsi p.r c~. s..e. Tiu i1~i~xi~asea miy. ii h~s opUo~. and w~thout wa~v~n~ h~s n6hi to accelerale the indebtedness hereby secured and to laeclose the same, pay either before or after delioquency any or all of those certain obiisatioos requited by the terms hereof to be paid by the Mort~a~or for the ptotection of the mortga~e security or for the col- ' lection of the indebtedness hereby secured. All sums so advanced or paid by the Mortga=ee ahall be chat`ed into the mortsa~e account +~nd become an inte~ral part thereof. subject in all respects to the terms, conditions, and covenants oi the aforesaid promissory note. and this mortta~e, as fully and to the same extent as thou~h a part of tht ori~~nal indebtednesa evidenced by said note and aecured by this mort~age. excepting however. that said sums shall bt reptid the Mortsa~ee forthwith upon its demand and be in addition to the resular monthly install- ments provided by the mortea~e note. • 3. That the absuact or abstracts of title coverins the mort~aged ptoperty shall at all times. durins the life of this mortga~e. remain in posses6ion of the Mottgaaee and in event ot the foreclosuce of this mort=a6e or ather tcansfet of title to the mortga~ed property in extin~uishme~t ot the indebtedness secuted hereby, all ri~ht, title and i~terest of the Mottsa~or in and to any such abstracts of title shall pass to the putchaser or srantee. 4. To the extent of the indebtedness of the AAart~a~or to the Mo~tga`ee described herein or secured heteby, the hlort~a~ee is hereby subro~ated to the lien or liens and to the cights of the owrters and holders thereof of esch and every mott~a`e, lien or other incumbrance on the land desctibed herein which is paid and/or satisfied, in s whole a in part, aut o( the proceeds of the loan described fierein or secured hereby. aad the respective liens of ; said mort~a~es, liens or other incumbrances, shall be and the same and eacb of them hereby is preserved and shall pass to and be hetd by the. Mort~asee herein as security for the indebtedness to the Mott`aaee herein described or hereby secured. to the same extent that it would have been preservod and would have been passed to and been ~ held by the A1ort~agee had it been duly and re~ularly assi6ned. usns[err~d, set over. and delivered u~to the Mort- ' a~`ee by separate deed of assignment, notwithstanding the fact that th~ same may be satisfied and cancelled of record, it beinj the intention of the puties hereto that the same will be satisfied and cancelled of record by the holders thereof at or about the time o[ the recordin~ of this mott=a~e. - S. In the event the ownership of the mort6a~ed premises, a any part thereof, becomes vested in a person other than the Moct~a6or. the Mortgagee may. without ~otice to the Mort`agor. deal with such successor or suc- cessors in intecest with reference to this deed and the debt hereby secured. in the same man~er as with the Nort- ~aior without in any vray vitiating or dischar`in~ the Mort~agor's liability hereunder or upon the dcbt hereby secured. No sale of the premises hcreby morigaged and ~o fabearance on the put of the Mott6agee. and no ex- tension of the time for the payment of the debt hereby secared siven by the Mortgaaee shall operate to release, dischar~e. modify. chan~e or a[fect the oritinal liability of the Mortga~or herein either in whole or in put. ' 6. The lien of this deed secwes and ahall contiaue to secure payment of said indebtedness or indebted- ness. however evidtnced, whether by said promissory note or any ronewal or extension thereo[ or substi?ute there- t j for. or oiherwise, nntil all such iadebtedness shall have been [ully paid. ~ 7. In t/re event the n~ortgogors sell~ convey or tratisJe? the ~nortgaged pren~ises during the lije oj this inort- ~ gage, then this nwrtgag~ shatt, nt tht option oj the Mo~~gagee herein, becon~e im~nediately due and payable jor the . jull su,n oJ the prencipal balance and inter~st then due. ; 8. The tenns "Mort6ssor" and "Mortsa~ee" whenever used in this instrument shall include the heirs, E personal representatives. succeasors and assigns of the respective parties hereto. Wherever used the singular ~ ; number shall inclnde the plural and the plural the singular. and the use o( any gender shall include all genders. r ~ # x s ~ ~ Si~n . sealed d~ ere the presence of: ` ' al) ~ ~ : ~ ' ~ ~(Scall ; ~ ~ ; ~ ~ STATE OF FLORIDA ~ E COUNTY OF ~ j ss : ST. LUCIE ~ ~ eetore me personally appeared gjj,i, GEORGE LANCASTER and ERMA JEAN LANCASTER~ his ; ; to me wdl known and known to me to be the individuals described i~ and who executed the foreaoin` ~nstrument. Wife ~ and acknowledsed before me that they eaecuted the same for the purposes therein expressed. WITNESS my hand a and official seal in the County and State last aforesaid this 15th Day Of MSy~ 19~1 ~ . ~ { . ~ ~ 'l~ 4~`~ ~ ~ , ~ Hy c«~,~:~~ ExP~«~: June 30, 19~1 Notary _ ~ 9b~d ~ ~ da At LA ~ fl.EL~ aMr~ ~EGOROE~ ; ~ f ~ " ^OUNTY FIA. 1 ~ 4 Q..~: ~.te~ ~ . ' ~ si lUC1E ~ - N~ ~ RGGEP P~ITRAS ` : ~ j. CIERR C~"~Cul~ COURT ~ ~ ~ ~lf CQkD ~E~~FtEO.~ , - ~ ~ M~Y 16 2 si PM 1 I , R ~ ~ .ao~ 19,Z 2187 ~ zo9so1 . ~ : _ r. ; . - - ~ _ - . _ - - -