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Home My WebLink About1133 ~A~s mor~~~~e a other tc~asfe~ ot UUe to the mot~i~t~d Oroper~y m eaUn~w~hment o~ tAe ~ndebtedneas secured Aerefiy, •11 n`ht, ~~tle and ~nte~est of the Mo~t{~{a ~n and to any ~nswance puhc~es then m(wce shall pass to ~he purch~ser or ~ramee. ' (h) To pe~(orm, comply ~~tA and ap~de by esch aod evay the aupulat~ons,`a~~eemenu, cundil~ons rnd covenants ~n sa~d prumnsor~ nae and m th~a dted set fath, 1~ 1 That d any ot sa~d sums of rtwney he~em reEerred tu be nu~ promp~ly and tully pa~d ~~tA~n td~een da~. ne?~ afur tAe same sererally becomea due ~nd p~yablt,a ~t each and eve~y the st~pul~uons, ~~reemen~s, cond~~~ona and covenants oi sa~d p~om~~- sory nott and tA~s deed. o~ e~ther, ~re not (ully pcrtormed, compl~ed r~th and ab~dtQ by, ihe sa~d sttre~a~e sum meeu.Med m said pwrossory note sA~ll becane due and paYable f~x~A~~tA or ~here~fter •t the opt~on ot the Alatsa~ee as fu11Y and completely a~ ~f the s~~d ~s~rej~te sum o( sa~d promissay note ~r~s .v~~~nally supul~ted to De pa~d on such day, anyth~n~ ~n sa~d prom~ssuty no~e ot here~n to tAe contnry not~ithst~ndin~. ~ ii ~ Ti~~~ m oruer to acceletate lhe matutuy ot the indebtedness AereAy.aecured, ~ecause o( the h~lu~e of ~he \lor~sa~ar tn pa>' any te~, ac.e.sment, lub~6ly, obl~ptioe or cn.wnbrance ~M~n sa~d prope~ty, as herc~n pr.,~~ded, ~t shall not be ne.e~.a~y ~x reQu~sue tha~ the martra`ee .hall htst psy tlie same. The \lottgagee may, at his opuon, and without wai~~~ng his right to accelerate thr indebtedness hereb~• sarured and to foreclose the same, pay either before or after delinquency any or all of those certain obli6ations reyuired by the terms hereof to be paid b~ the \lottgagor fot the ptotection of the mortgage security or for the col- le~tion ~~f the indebtedness hereby secured. All sums so advanced or paid by the Mort6a`ee shall be charged into the mortgage account and become an integral part theteof, subject in aU respects to the terms, conJitians, and r~~~~enants ot the aforesa~d ptomissoty note, and this mortgage, as fully and to the same extent as thou6h a part ~•f the ~~riginal indebtedness evidenced by said note and securzd by this mortgage, excepting however, that said cums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regulat monthly ~nstall- mznts prov~ded by the mottaage note. 3. That the absttact or absvacts oi' title covering the mortgaged ptoperty shatl at all times, during the life ~~f thi~ mortgage, remain in possession of the !1lortgagee and in event of the foreclosure of this mortgage ot othec transfzr ~~f titlr ta the mortgaged property in extinguishment of the indebtodness secured hereby, a{I right, title anJ ~nterest of the ~iottgagor in and to any such abstracts of title shall pass to the purchaset ot grantee. J. To the extent of the indebtedness of the 4Mrtgagor to the Mottgagee described herein ur secured hereby, the \tortgagee is hereby subrogated to the lien or liens and to the rights of tht owners and holders thereof of each and every mortgage, lien or othet incumbtance on the land described herein wFiich is paid and'or satisfied, in whole or in part, out of the proceeds of the loan described hetein ot secuted heteby, and the respect~ve tiens of +a~d moctgages, liens ar other incumbrances, shall be and the same and each of them hereby is preserved and shall pass t~~ anJ be held b~• the ~lortgagee herein as security for the indebtedness to the Alottgagee here~n described or hereby securcd, to the same extent that it would have been preserved and w•ould have been passed to and been held b}• the ~tortgagee had it been duly and regularly assigned, transtened, set over. and delivered untb the Mott- • gagee by separate deed of acsignment, notwithstanding the fact that the same may be satisfied and cancelled of recotd, it be~ng the mtention of the partie~ hereto that the same N~11 be satisfied and cancelled of tecord by the holders th~reu~ at ar about the time of the recarding of this mottgagr. 5. In the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the \1~~rtgagor, the \lortgagee may, without notice to the 41ot1gagor, deal with such successor or suc- ce~sors in interes! with reference to this deed and the debt hereby securod, in the same manner as with the',Nort- gagor ~ithout ~n a~y way vitiating or d~scharging the ~lottgagar's liability hereunder or upon the debt hereby serured. No sale of the premises hzrrb~ mc~rtgaged and no fort~earance on the part of the \tortgagee, and no ex- tension af the time fot the payment of the debt hereby secuted given by the Nottgagee shall aperate to release, discharge, modify, change or affect the original liability of the \lortgagor hereio either in whole or in patt. b. The I~en o( this deed secures and shall c~~ntinue to secure payment of said indebtedness or indebted- nes,, hoNever evidenced, whether h~ said prom~ssory note or any renew~al or ~atension thareof or substitute there- for, ar othervvise, unt~l all such indebtedness shall have been (ully paid. 7. /n rhe e~~ent ~he mo?tRvRo?s sell, convey o? trans(er the mortRaged p?emises durinx the liJe oj this morh Lu~e. ?hen th~s mor~Rage shafl, at ~hP ~ption of the .IIo??Qagee 6erein. 6ecome emmed~atel~• due and payabte Jor the ~u/! su.~ ol ~he pnnc~pa! balanc~~ and ~nte?est then due. t r. The tenns "~lortgagor" and "~lortga~~e" v?henever used in this ~nstrument shatl include the heirs, j per«?nal represrntatives, successors and assigns of the re~+ective parties hercto. w'hetever us~d the singular ~ numher shall ~nclude the plur and the plural the singu ar."and t~iZ use of any gender shall include all ~tenders. 9 ' ~ ~ ~ ~ S ned, se a e• d~ t re nce - ' t (Seall / ~ (Seal? ~ ~ ~ , ~ STATE OF FLORIDA I ('Ol,'NTY OF~K ~s St. Luci~e Before me personally appeared OSSIE WRIGHT~ JR, and BARBARA WRIGHT, his wife ~ to me well known and known to me to be the ind~viduals described i~ and who executed the fotegoing instrument, ~ and acknowledged before me that they executed the same for the purposes therein exprossed. WITNESS my hand t and off~c~al seal ~n Ihe Count~ and State last afotesa~d this 19Ct1 d$~1 Of St ~ 1971. ~ • _ ~ ~ ~z~;~t~~~s~rt i~~~. > U ~~i . ~ . : ~ ~1y (~~•~nm~sc~~n F~~~.e~- June_ 30, 1.975 _,~".'~ot~ubltc, S'[~t! ~f 8 St j. @ ~ _ ~ • _ • ~ : - - • . ~ , , _ ~oo~ 195 ~113~ - - ~ _ _