HomeMy WebLinkAbout2168 ' • t
Our file 5-22,610 i
th~s mw~~a~e ix utAe~ uansfet oI htle ~o the mor~sssed property ~o eat~n~u?shawnt ol tAe ~Mlebtedness secwrd hereby, aU ~i~h~, U~le
uwf ~nteresl ot the Mort~t~or m and to any insuraere polic~es ihen ie lorce sh~!! pass to tAe putth~ser a ~nnue,
(~I To perf„rm, compiy w~th and ab~de by each and every tAe supyl~liona, a{reements, cond~uons and covenants m sa~d prom~ssory
no~e and in th~~ deed set (wtA.
G) Ths~ ~t ~ny o( said swfs of money here~n re(erted to be not prompUy aed fully paid w~th~n fitteen days neat atter
~he aame severally Eecanes due iod p~yable.a ~f sacA and erery the stipul~tions, ~~reements, cond~t?ona ~nd coven~n~s of said prom~s-
say note and thia deed, or either, •re not lully perfwmed, complicd wi~h sad ~bided by. ~he said au~c~ue swn menuoned m said
pomiasory eote sh~ll becaee due and psya~le tathvith ot tAere~(tet ~1 We option ot the Mort~~~ee as fully and complclely as ~f the
caid ~j~re~~te swa ot s~id pomissory note .r~s on~~e~lly stipul~ted to be pud an sucA d~y, anyth~n~ in said pranissory note or hers~n
to tAt contrary notWithstandin~,
(j ) That in ader ~o accelec~te the maturity ot the indebtednesa hereby secmed, bec~use of ~he la~lure ot the Mal~a~or lo psy any ~~x,
assessmenl, I~~bility, oblisation a encumbrance upon s~id property, as Aerein provided, ~t shall not be aecescary a reQu~site that the
ma~~atee ah~U t~tst pay the sama '
f
Thc Mottgagee may~ at his option, and without waiving his right to acceleratc the indebtedness hereby
secured and to foreciose the same, pay either befote or after delinquency any or all of those certain obliEations
required by the terms hereof to be paid by the Mottgagor for the pratection of the mortgage sec~rity oc [or the col-
I~ction of the indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be charged into
the mortgage account and become an integral part thereof. subject in all respects to the terms, conditions, and
covenants of the aforesaid ptomissory note. and this mortgage, as fully and to the same extent as though a part
of the original indebtedness evidenced by said note artd secured by this mortgs~e, excaptina however. that said
sums shall be repaid the Mortgagee forthwith upon its dcmand and be ie addition to the regular monthly install-
ments provided by tht mottgage note.
3. That the abstract or abstracts of title covering the mortgaged pcopecty shall at all times~ during the (ife
of this mortgage, remain in possession of the Mottgagee and in ~vent of t6e foreclosure of this mort6age or other
transfer of title to the mortgaged ptoperty in eztinguishment of the indebtednesa secared hereby, all right. title '
and interest of the Mortgagor in and to any such abstracts of title shall pass to the purchaser ot grantee.
4. To the extent of the indebtedness of the Mortgagor to the Mortgagee described herein or secured hereby, i
the !1lortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each
an~d every mortgage, lien or other incumbrance on the land described herein which is paid andtot satisfied, in
whole or in part, out of the proc~eds of the loan described herein ot secuted hereby, and tho resptctive liens of
said mortgages, liens or other incumbrances. shall bc and the same aRd each of them hereby is preserved and shall
pass to and be held by the Mortgagce herein as security for the indebtedness to the Mortgagec herein described
or hereby secured, to the same extent that it would have been presenred and would have been passed to and been
held by the ~lortgagee had it been duly and regularly assigned, transferred, set over, and delivered unto the Mott-
gagee by separate deed of assignment, ~otwithstanding the fact that the same may be satisCied and cancelled of
record, it being the intention of the parties fiereto that the same wilt be satisfied and cancelled of record by the
holders thereo[ at ar about the time af the recordin6 0l' this mortgage.
5. In the event the ownership of ihe mortgaged premises, or any part thereof. becanes vested in a person
other than the !1lortgagor,. the Nortgagee may, without notice to the !Nortgagor, deal with such successot or suc-
cessors in interest with reference to this deed and the debt hereby secured, in the same manner as wilh the Mort-
gagor w•ithout in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby ?
secured. No sale af the premises hereby mortgaged and no forbearance on thc part of the Mortgagee. and no oa-
tension of the time for the Raymtnt of the debt hereby secured given by the Mottgagee shall opetate to release.
discharge, modify. change or affect the original liability of the Mortgagor herein eilher in ~hole or in part.
6. The lien ot this deed secures and shall continue to secure payment of said indebtedness or indebted-
ness, however cvidenced, whether by said promissory note or any renewal or extension thereof or substitute there-
for, or otherwise, t~ntil all such indebtedness sha(I have been fully paid.
7. !n the event the mortgagors sell, convey o~ transJe~ the mo~tgaged premises du~ing the lije oJ tbis mort-
gage, rhen this mo~tgage shall, at Ihe op~ion oJ the Alortgagee herein, beconee inamediate[y due and payable jor the
jull sum oJ the principal balance and interest then due.
8_ The terms "Mortgagor" and "tilortgagee" whenever used in this instrument shall include the heirs,
personal representatives, successors and assigns of the respective parties hereto. Wherever used the singular
number shall include the plural and the plurat the singulat, and the use of any gender shall include I! genders.
/ . ,G~ / ~ '
S~ ned. seal an de ' er in the presence of: =r~2 ' (Seal)
(Seal) ~
STATE OF FLORIDA I
COUNTYS(j~~~E ~ SS ANNE LEE COLLINS, aZso known as ANNIE LEE
' ~ COLLINS, an unmarried woman,
` Betore me personally appeared
to me well known and known to me to be the individuals desctibed in and who eaecuted the foregoing insuument,
and acknowledged before me that they executed the same for the purposes thetein eapressed. WITNESS my hand `
and official seal in the County and State tast aforesaid this 9th Day of September, 19~1 j
+
~ ~
~
.
; Hy Commission Expires: Julze 30~ 1975 Notary Public, Sta/tey,~y`~1 8 t-1'~e •
I / . ~~IN^
~ f IIEU AND RECOAOED 'y ' r,. ' - :
ST. LUCIE COUNTY FLA. ~ ~
ROGf R P01?RAS _
C~RO YER FIEO COURT
, REC ~1~;:
' 0
I ~;r~...,,,r•.
' S~r 10 3 46 PM'z I . '
(~t~ ~
I ~~r~~ BOOK~~7 P~C~~G?~~ `
f
`y~ . _.T_ _ = ~ e-;~ y