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Home My WebLink About1936 Our file 5-22,594 _ ~h~s mortaa~e or other trrns(e~ of hUe w tAe mo~t~a~ed prope~ty m e~unsu~ahmeM ol the ~ndeptedness securrd he~eDy, all ~i{ht, ~~tle •nd ~n~erosi ot the A1o~~~as~ ~n ind to ~ny ~nswsnce polic~es theo ~n (orce sA~ll pass to the purcdaser or ~rantee. ' (h) To pei(am, con+ply ~~th and apide by eacA and every the supul~uoos, •{~eements, cand~t~ons snd coven~nla m sa~d p~amssory nole and in tA~s deed set to~th. ) T4~1 it ~ny of a~id swes ot money he~ein re(erred to be not p~ompHy and tully paid vith~n t?f~een days oea~ a(ter the ssine ~everslly becomes due snd payable, ot each and evety lhe st~pul~t~ons, ~~~eements, co~itioas and corea~nts of said prpa~s• aay nott and th~s deed, or Nther, •re not fully performed. canpi~ed vitA ~od ab~ded by, the s~id a{arepte sum menuoned ~n said prom~sa«y nute sAall becane due and p~yable t«tAr•Ith or tRereaftrr •t tNe option ot the Mortsasee as tully aed completely sa if the s~id at~re~ate sua ot sa~d prom?asory note v~s oris~n~lly st~pul~ted to ~e paid on such day, anyth~na ~n s~id {xomisfwy eote or here~n to tAe contruy eotvithst~ndin~. (j 1 That ~n ader to accelerate the matunty ot the indebtedness hereby secured, because ot !he fulure ol tAe Mwt~~`w to p~y any t~a, aasessment. li~bility, oslis~tion a eecumbr~nce u{+on said property, as Mete~n prov~ded, it sh~ll eot be aeces~ary or tequ~sitt ih~t lhe mortsa~ee shall tirat psy the same. 2. The Mortgagee may, at his option, and without waiving his right to accelerate the indebtedaess heteby secured and to [oreclose the same, pay eithet before or aftet delinquency any ot all ot those certain oblitations required by the terms hereof to be paid by the Mortgator for the protection ot the mo~tga~e sec~rity oc for the col- lection oP the indebtedness hereby secured. All sums so advanced ot pa~d by the Mortgs~ee shall be charged into the mortga~e account and become an integral patt thereo[, subject in all tespects to the tertns. conditions, and covenants of the aforesaid promissory note, and this mortgagc. as lulty and to the same exte~t as thoush a part o[ the original indebtedness evidenced by said note and secured by this mort~a~e, excepting howevet. that said sums shall be repaid the Alortgagee forthwith upon its demand and bo in addition to the regular monthly install- ments provided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgagcd property shall at all times~ dutins the life of this mortgagc, remain in possession of the ~lortgagee and in event of ihe foreciosure of this mortgage or other transfer of title to the mottgaged property in e~tinguiahment o[ the indebtedness s~cuted hereby. all tiaht. title and interest of the hlortgagoc in and to any such abstracts of title shall pass to the putchaser or grantee. 4. To the extent of the indebtedness of the Mortgagor to the Mortgagee described herein or secuted hereby, the Alortgagee is hereby subrogated to the lien or liens and to the rights o[ the owners and holders thereof of Zach and every mortgage, lien or other incumbtance on the Innd described herein which is paid and/or satisfied, in whole or in part, out of the proceeds of the loan described herein ot secured hereby, and ihe respective liens of said mortgages, liens or other incumbrances, shall be and the same and each oE them hereby is preserved and shall pass to and be hetd by the Mortgagee herein as secucity [or the indebtedness to the Mortgagee herein described or hereby secured, to the same extent that it woutd have been preserved and would have been passed to and been held by the ~1ort~agee had it been duly and regularly assigned, tranaferred, set over. and delivered unto the Mort- gagee by separate deed of assignment, notwithstanding the tact that the same may be satisfied and canc~tled of record. it being the intention of the parties hereto that the same will be satisfied and cancelled of record by the holders thereof at or about the time of the recording of this mortgage. _ 5. In the event the ownersh~p of the mortgaged premises. ot any part thereof, becosnes vested in a person other than the Nortgagor, the \lortgagee may, without notica to the 4tortgagor, deal with such successor or suc- cessors in interest w~ith reference to this deed and the debt hereby secured, in the same manner as with the Mort- z gagor Kithout in any way vitiat~ng or discharging thc Mo~tgagpt's liability hereunder or upon the debt hereby ` secured. Alo sale of the premises hereby° mortgaged and no forbearance on the part of the Mottgagee. and no ex- tension of the time for the paymer?t of the debt hereby secured given by the Mortgagee shall operate to release, discharge, modiCy, change or affect the original liability of the !Nortgagot herein either in whole or in patt. ! 6. The lien o! this deed secures and shall continue to secure payment oi said indebtedness ot indebted- ness, however evidenced, whether by said promissory note or any renewal oc extension thereof or substitute there- fot, or otherwise, until alt such indebtedness shall have been fully paid. ~ 7. In ~he e~~en~ the mo~~gagors sell, convey or transjer the mortgaged pre~nises du~eng the life oj this rnort- ~ qage, rhen this mortgage shall, at the option of ihe Afortgngee he~ein, becorne inunediately due and paya6/e jor the ~ ju/l sum oj !he p~incipal balance and interest then due. f 8. The tertns "Mortgagor" and "4lortgagee" whenever used in this instrument shall include the heirs. ~ personal rePresentatives, successors and assigns o[ the respective parties hereto. Wherever used the singular ~ number shall include the plural and the plural the singular, and the use of any gender shall include all genders. ~ Si ,-caie d l e the presence o[: ~ ~ (Seal) ap r i ~ STATE OF FLORIDA I ~ _ ~ COUNTY 01~~~ j ss ST. LUCIE ~ Betore me persunally appeared $UD B$A ffi1d RF.ATHER MAE BBA~ h~8 W1fe ~ ~ to me wetl knovm and known to me to be the individuals describtd in and who executed the foregoin~ instrument. 4 ~ and acknowledged betort me that. thev eaecuted the same (or the purposes therein expressed. NIITNESS my hand ~ and ofiicial seal in the Count}• and State last aforesa~d this Zgth Day of August, 1971 ~ ~ } ~ ~ , 1~ a- •t{,d. 1~ly Ccxnmission Exp~res: •j~@ 3~, 1975 Notary Public, State A~ ~ t~r e ~ , ~ f LEO ANO KEC~ flA. _ v':' . 5~~ ROCE PO~RAS ~ I . { ' ~ . i ~ " C~E~K ~~aCwt COtMT ~i. ,4~ ` RECORD VER1FtE0 - ~ PM'i 1 : : SEr 16 12 ~2 s. 215683 o R . ~ euo~ 1g5 PACE~~4 _ - - _ ; ~ a _ - _