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Home My WebLink About2998 Our File g-22,0?4 tA~s a~ort~~~te or oMer t~~ns(e~ ot htle ~c tht aor~~a~ed pope~t) m e*~~n~wshmea~ u1 the ~~aebteJness secwed Ae~eAy, .:11 n~A~, ~~~le sa1 ~me~est ol tAe lMae~isc. ~n i~wf to any ~nsw~ace ~whc~~: ~hen in lixce sAsll pass to ~he pwcA~x~ w~ran~oe. lh1 Tu pet(~xn~. ~wnply rntA ~wd •ti~de tiy each am1 eve~y tAe aUpulat~ms. speeateta, coediUOnY ~tH1 cureeants ~n .s~Q p~an~.s.Ny • aole and ~a ~h~a deed srt tu~tA. 1 That d~ny o( sad swss o' iwneY he~e~e ce(e~rcd tu Ae nu~ {wwnptlf and (uUy ps~d ~r~~Mn (i(~cen d.ys ne~~ rne~ Me a~~e seve~ally Secoses Jue and payable.a d each aad eve~Y the st~pul~uau, as~eements, cemf~ttons ae~d co~enants uf said pwms. say aote and tAis detd, a eNAer, a~e not tully pertorsed, c.~wpl~ed W~tA and ~bided ~y, iAe .a~d aure~ate ~wa ment~oned ~a .aid paa~ssiry rtote sAal) etcose Jue a:W pa)a~le fwth~~th ax eheua([e~ at the op~~on ot ~Ae Alw~~s~ee as (ully ar?d completely as it the s~~d ~tae~~te srw o( aud p~an~sswy no~e ~rss w~~~nally aupul~ted lu Dt pa~d on sucA daY. ~nyth~n~ ~n sa~d pom~sswy note w herem to ~he coalruY aotruAstand~ns. 1 TAat ~n wde~ ~o accele~~te the matun~y u( the imfeptedness Aerebr secured. because ot ~he (~~lure o( the ~iwt~a~.w pa> any t~a. assessaeet, I~sb~l~ly, obl~ahun cx enruaMance upun sa~d pa~pe~ly, u hete~n prov~ded, ~t sAall ~ol be necec.ary u~ reQu~s~~t tAat t~e m.xtis~ee shall fust p~y the sase. Z. The M~t~asee may, at his optiort, and w+thout waiving h~s ci6ht to accelerate the inciebtedness htreby secured and to foreclose the same, pay eithe~ before or a[ter delinquency any or all of those certain obligations requ~red by the tertns hereof to be paid by the Nkirtgaaor for the protection of the mortga6e security or for the col- lection of the indebtedness hereby secured. All sums so advanced ot paid by the Mortgagee shall be charged into the mortgage account a~d become aa inte6~a1 part thereol, subject in all respects to the terms, cond~tions, and covenants of the aforesaid promissuty note. and this mo~tgage, as fvlly and to the same extent as thouah a part of the ariginal inJebtedness evidenced by said ~ote and secured by this mortgaae, excepting however, that saiJ sums shall be ~epaid the Mortgagee forthwith upon its demand and be in addition to the regular monthly install- ments provided by the moctgage note. 3. That the absttact or abstracts o[ title coverina the mortgaged propetty shall a~all times. durina the life of this mottgage, -temain i~ possession of the Mottgagee and i~ event of the foreclosure of this mortgage or other transfer of title to the mortgaged propetty in eatin6uishment of the indebtedness secured hereby, all right, title and ~nterest of the ~lortgagor in and to any such abstracts of title shall pass to the putchaser or grantee. To the extent of the indebtedness of the Mortgaaoc to the Mortgaaee described herein or secured hereby. the Abttgaaee is heteby subrogated to the lien ot liens and to the rights of the owners and hoiders thereof of each and every mortgage, lien or other i~cumbrance on the land described herei~ which is paid and!or satisfied. in wholt a in part, out of the ptoceeds ot the loan desctibed hetein or secuted hereby, and the respective liens of said mortgages, liens ot othet incumbrances, s6al! be and the ssme and each of them hereby is preserved and shall pass to and be held by the tilortgagee hete~n as security foi the indebtedness to the Mortgagee herei~ described or hereby secured, to the same extent that it v?~ould have been preserved and wauld have been passed to and been held by the !lkirtgagee had it been duly and regularly assigned. transferred. set over. and delivered unto the Mort- gagee by sepatate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it beiog the ~ntention of the parties hereto that the same will be satisfied and cancelled of record by the ~ holders thereo[ at ot about the time of t6e recording of this mortgaga. ~ ~ S. In the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the \lortgagor, the \lortgagee may, wetbout notice to the Mortgagor, deal with such successor or suc- cessors ia interest with refercnce to this deec; and the debt hereby secured, in the same manner as with the ~tcrt- gagor without in any way vitiating or discharging the ~lortgagot's liability hereunder or upon the debt hereby ~~i s~cured. No sale uf the premises hereby mortgaged and no forbearance on the patt of the ~lottgagee, and no~e~- ~ tensicx~ of the time for the payment of the debt hereby secured given by the ~lottgagee shall operate to release, ~ discharge. :nodify, change or affect the original liability of the ~lortgagot heroin eithet in whole or in part. 6: The lien of this deed secures and shall continue to secute payment of said indebtedness or indebted- ness, :~owcvet evidenced, whether by said promissory note or any renewal or extension thereof or substitute there- for, or othetv?sse, until all such indebted~ess shall have been fully paid. 7_ /n th~ event the ~nortgagors sell, convey or trvnsje~ the mo~tgaged preini~ts during the life oj ~hrs mort- RaRe• ~hert [his mortgage shall, nt ihe option oJ the Afortgagee herein, become ~mmediotely due and paya6le jo? the Jull sum oj the principat balance and interesl then due. 8. The terms "!Nartgagor" and "Alortgagee" w~henever used in this instrument shall inClude the heirs, personal representatives, successors and assigns o[ the respective parties hereto. W~erever used the singular number shall inctude the plural and the plural the s~ngular, and the use of any gender shall irtclude all genders_ i ~ j igned, s le d i~ered in the presence of: T - (Seal) r ~ (Saal) STATE OF FLORIDA I COUNTY OF ~ j ss ~ ST . LUCIE ~ Berre me personaliy appeared g~y[rjp~ g, VENCILL and JOY J. VENCILL~ his Wife to me well know~n and known to me to be the ~ndividuals described in and who ezecuted the foregoing instrum~nt. and acknowledged be(ore me that they executed the same for the purposes therein expresscd. WITNESS m~ hand and off~cial seal ~n thc County and State last-atnrecaid this 2nd day af July, 1911. •.j,~~ . ~ r, , ~ ~ , 12,,~ , , t tJ~ ,2 _ , ' • J ( ~ . I r ~ xp~res: i m_ ~Q~ 1975 Notary Publ~ • ate of ' , ~ p r ~ • f r . 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