HomeMy WebLinkAbout0225 ~ Our File 5-22,OE?
i~us mu~~~~ie othe~ uanslci u( u~1e ~u 'hs mari~~Ye~t ~r~~pc~q sn eat~n~waAmrnt ul tAe cndeb~eJOC.s .r.wod Aer~h~. ~U ii~h~, ~ule
rnd nie~c.t ~he Maac~a~w m~nd ~o any ~R,uunce p~~l~ai~. t~cn ~n '..wie .Aali p,i,. tu t~e putchaaet .x Kumee.
(AI 7u pr~~~um. .~wnply r~tA and ab~Je hy ca~A and cccrv tht ~hpul~U.~ns. •~rotmtnts, c~fdW,~n~ •nd co.cn~nh ~n p~uiri..a:>
n:~le anil ~n ~h~. decd .N (orth,
1 TA~~ ~t rnY a( a~~d saens ul m~nc) hr~e~n ~clr~rcd t~~ ~e nut pt~~mptl) rnd (oll~ pa~d r:tA~n hhcrn d~~~ ~c.t at~e~
ihe sane .e~c~:Uy l~e:omes due an.i pay~hie, ~•r ~1 e~rh anJ cvery the xr~pulat~un., atretmrnts, condiu.x?a ~nd cmenant. of sa~d prwm._
s.xy n.:te and tA~s deeJ, ur e:ther. ~re not wllY pe~famcQ. .anpl~ed r~th ~nd a~~ded a), the .a~d a~~re~~te ~wn menuuncJ in sa~d
pr.rm„so:> na~e shall beccmc Jue aeW ~st~ble tcx~Aruh .ir there~Rer at the c~hc.n ot ~Ae A1orlRa~ee as futl) ~nd c~~mplctel) as ~hc
.a~d as~reqte swa o! sa~d pnxes~.rsor~ noit r•as ons~nally supulaied to !~e pa~d ax~ sucA d~Y. an~th~eR ~o sa:J prom~sao~y no~e a hcrc~n
t~. thc :.w+tra~y not~~tAstaodm~.
t That :r, orde~ a, s.celerHe tAe rtuwri~y ut the inde~tednesi A:reby secuced, be.ausc ui the (a~lurc oi ~ht \1wt~a~u. u~ pa~ an~ ~a~,
~c,e.sm~nt, I~aA~iu). obGiation or cncumbr~nce ~~xm said proper~y, s~ herc~n pru•~dcd. ~t shall no1 be nc.es.~~y .r. ~co~ is~[e t~ai th~
m.rtsaXee .hall (ust pay the same.
The ~I~~rtgaRee may, at his aption, and w•ithout waiving h~s r~ght to acrzlerate the ~nd~btedncas hereb~~
.crurrd anJ to [ortcluse ~he same, pay either bzfore ot after delioquency any or all of diose certain obligat~~~ns
reyu~~rd by thr tetms he~zof ta be paid by th~ \1~~:tgagor f~r the protection of the mortgage secutity or for the c~l-
le.t~~~n ~~f thr indebtzdness hereby securcd. All sums s~~ sdvanced or paid by thc lUortgagee shalt be charged inta
the m~~rtgagt acc~~unt and become an ~ntegral nart thereof, subject in al! respects to the terms, conditions, and
~o~•znants of thC afc*tsa~d promissory nott, and th~s martgage, as fully anJ to the same exte~t as though a part
~~f the ~~r~ginal ~ndebtedncss rvidenced by said note and secured by this mortgage, excepti~g huwever, that saed
~ums .hall br repaid the \lortgaRee forthwith upon ~ts demand and be ~n addition t~~ the cegular monthly ~nstail-
ments prov~ded by the m~~rtgage natr.
3. That the abstract ~~r abstracts of titte covenng the mortgaged property shali at all times, during the f~fe
uf th~x murtgagt, remaia in po~.ess~on of the 1lortgagee and in e~~rnt of the foreclosure of this mortgage or other
transler of title ta the mortgagrJ property in extinguishment ot the indebtedness secured h~reby, all right, title
and interest of the ~lortgagor ~n and to any such abstracts of title shall pas~ to !he purchaser or granlee.
4. To thr rttent uf th~ ~ndebtedness of the ~k~rtgagor t~~ the \lottgagee described herein or secured hereby,
the \1~3rtgage~ ~s hereb>~ subroga~eJ to th~ lien or l~ens and to the rights of the owners and holders thereof of each
and rven~ mortgage. lien or other ~ncumbrance on the lartd described herein which is paid and ar satisfied. in
w•hoir c~r in part. out nf the proceeds uf the loan d~scnbed herein or secuted hereby, a~d the respective I~ens of
said m~•r~gages, Gens ot other ~ncumbtances, shall be and the same and each of them hereby is preserved and shall ~A
pa.s tu and bt held b~• the \tortgagee here~n as securiry for the indebtedness to the ~iortgagee herem described
ur hereb~~ ~ecurtd, to thr ~ame extcnt that ~t ~ould ha~•e been preserved and would have been passed to and bzen
hrid b~ the \tartgagee had ~t been du~}~ and rrgularly assigned, transferred, set aver, and delive~ed artto the ~to~t-
gager b~ separate derd of assignment, notwithstared~ng the fact that the same may be sat:sfied and cancelled of
record, ~t bring the ~ntention ~~f the parhes hereto that the same K~il{ be satisfied and cancelted of record bv th~
holders th~reuf ~t or about th~ !im~ ~~f the recordir.g of this mortgage.
In the r~ent the ownersh~p of the mortgaged prem~ses, or any part thereof, becomes vested in a ~.erson
othrr than th~ \lurtgagur, the \fortgagee ma~•, w•ithout notice to the ~tortgagor, deal with such successor or s~1:-
ce~sors ~n inttrest with reference to this deeu and the debt herehy sccured, cn the sarrte manner as w•ith the \tort-
gag~ic ~.ithout in anr way ~etiau~g ~~r discharging the ~}ortgagor's I~ability hereunder ot upon the debt hereby
srcured. No sale ~~f the przm~se~ hereb~• mottgaged and no forbearance on the part of the ~lortgagee, and no ~x-
ter.s~.~n af the t?me Cor the pa3•ment of thc debt hereby secured given by the \lortgagee shall operate to release,
d~scharge, mod~[y, change ar affect the orig~nal I~abilit~ of the !~lortgagot h~rein eit6et in wi~ole or in part.
b. The lie~ ~~f this dced secures and shatl continue to secure payment of said iRdebtedness or indztsted-
nes,, ha.~ever ev~dcnced, whether by said promicsory note or an~• rene~a! or exten on ther f s
f~~r, ur ~~therw~se. unt~l all such indebtrdness ,hall ha~•e bte~ilM~ pli~a~d~ m'J~jaaO' al~
i. ?re the e1•ent [he ?nortRugo?s sell, conve~• or tiansf t SBsiYtwlth 7
Sir 4Ye~?~?s~~wc~i ~yre~-u~.~~~ ~r-
ka~e. then shis mortgage s!eafl, at the opl~on oJ the .Ilo?lgagee her in bec e a a r
iull suin o( the ~+rcncipal balance artd tnterest then due. ~E ~~'t~~t Y.~ ~F`~~, ~~~y~ ~
R. Thr terms "~lorigagar" and "ti~r~tgagee" whenev~ry~~t8~i~i~@tr~er~l~~h~~~~e~i~"he~,
per~onal representatives, successors and ass~gns of thc r~ti~f ~ti~~ N'herever used the singular
numbcr shall ~nclude the plural and the plural the s~ngulat, a e use`o~any gen er shall include aU genders_
i
~gned, sea! an i~~er in the resence of: L`~~~''%~C~'~'- (Sea1)
~~S'L ~~"`~-3 (Sea11
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~ - - ~ ` 212,~~33 tTLivcfE cou~~r ~i~.
~ ROCER POtT~AS
STATE OF FLnRIDA 1 CIERI~ CIRCUIY COYRi,~1-J~
C'(~L'tiTY OF I~X~IK " REC~RO VERIFIEO~¦.~~iG
ST. LUCIE ~ f 1~~~~~ t1
Be[ore me personall~ appeared C, J. JOHNSOI` 1t1d PATI~E9JOFQ150N"~ h~s Wife
t~ me w~e(I known and knoµn to me to be th: ind~viduals d~scr~bed in and w•ho e!cecuted the foregoing instrument.
a~d acknow~iedged before me that they executed the same for the pur~oses therein ex~ressed. WITNFSS me hand
and off~c~a! seal ~n the C~~unt~ and State last afnresa~d thes lUth d3y of July 1971.
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June 30 1975 F1ori a•
~1y (~~~rnm~ss~on I:xpires; ____y ~otar}~ P ~c, State nf ~
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eQ~ 194 225 . .
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