The URL can be used to link to this page

Home My WebLink About2632 , ~ . l . - ' Our file 5-22,639 1h?a mo~t~a~e o~ olhe~ tr~esfer of Utle to the mo~tp~ed property in eaun~u~shmenl 01 tAe ~ndebtedness secured he~eby, all n~A1, hlle . and intereat o( the Mw~s~~w ~n and to ~ny inswance policie~ ~hen io force ah~il pass to ~he purcA~iet w~r~ntee. (h) To perform, canply ~~tA ~nd ab~de by eacA and every tAe st~pulat~oos, a~reemenb, coad~t~ons aad covenanta ~n sa~d pran~saoty note ~nd io th~~ deed set fwth. (i ) Th~! f( ~ny o1 aud iueu o( money herein tefetted to be not praaptly ~od tully pa~d ~r~th~~ f~heen dsys neat s(ler the s~me sever~lly pecooes due sad payaAle. a if each aad every the atipulauons, ~sreemenu, cond~tions aed covenants o( ssid p~om~s- sory note and tAis deed, or eithe~. ~re oot fully pertormed, caaplied WiU? and ~bided by, tAe s~id akre~ate suo ~aenuoned ?n said pran~saav note sA~ll Aecome due and p~Y~ble torlAritA o~ tAe~eafier ~t the option ot tAe Mor~t+fee ~s (u11Y ~~d coi+epleielY as it ~he a~id a~~e~~1e sus ot aud promisso~y note v~s wi~~nally ~tipul~ted to be peid on such d~y. anytAin~ in aaid promissory aote or Aerein to the conaary notvitAs~~ndin~. (j ) That ~n order to accelet~te the autunty ot the indebtedneas heteby secuted, because of the (~ilure of the Mo~t~a~w to pay ~ey t~a, assess~aent, liability, oplisation or encumpr~nce upon s~id p~ope~ty, as Aerein provided, it shall not be necessary a roqwaite thst the m~ta~~ee shall f~cst p~y the same. 2. The Mort~agee may. at his option. and without waivin` his ri~ht to accelerate the indebtedness hereby secuced and to foreclose the same, pay either before or after delinquoncy any or sll of those certain obli~ations required by the terms hereof to be paid by the Mortga~or far the protectioe of the mart~a~e security or for the col- Icctiort of the indebtedness hereby secured. All sums so advanced or paid by the Mort~a~ee ahall be chsraed into the mortgage account and become an integral part thereof, subject in all respects to the tetms, conditions. and covenants of the aforesaid promisso~y note. and this mort~ase, as fully and to the samo extent as thousfi a put af the orifinal iadebtedness evidenced by said ~ate and secured by this mortsa~e, exceptin~ howevet, that said sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the te~ulat monthly install- ments provided by the mortsage note. 3. That the abstract or absuacts of title coverins the mort`aged ptoperty shall at al{ times, dur+ct the life of this mortgage, remain in possession of the Mottgagee and in event of the foreclosure of this mort`age or other trans[er of title to the mort~aged property in extinauishment o[ the i~debtedness secwed heceby, all riaht. title and interest of the Mortgagor in and to any such absuacts of title shall pass to the purchaser or grantee. 4. To the estent of the indebtedness of the Mortgagor to the Mortgagee described herein or secnred hereby, the l~lortgagee is hereby subrogated to the lien or liens and to the rights of the ownera and holders thereof of each and every mortgage, lien or other incumbrance on the land described herein which is psid and/or satisfied~ in whole or in part, cwt of the proceeds of the loan described herein or secured hereby, and the respective liens of said mortgages, liens ot other incumbrances. shall be and the same and each of them heteby is presarved and shall pass to and be held by the Mortgaaee herein as secnrity for the indebtedness to the Mort6a6ee herein described or hereby secured, to the same extent that it would have been pteserved and would have been passed to and been held by the !14c~rtgagee had it been duly and regularly assigned. transferred, set over, and deliveced unto the Mott- gagee by sepa~ate deed of assignment, notwithstanding the fact that the same m~y be satisfied and cancelled of record, it being the intention of the parties hereto that the sartte will be satisfied and cancelled of record by the holders theteof at or about the time of the recording of this mortgaje. 5. ln the event the ownership of the mortgaged premises, ot any part thereof, becomes vested in a person uther than the Nortgagot, the ~Iottgagee may, without notice to the Mortgasor. deal with such successa or suc- cessors in intorest with reference to this deed and the debt hereby secured, in the same manner as with the Mort- gagor without in any way vitiating or discharging thc Mortgagor's liability hereunder or upon the debt heteby secured. No sale of the premises hereby mortgaged and no forbearance on the pact of the Mortgagee, and no ex- tcnsion of the time for the payment of the debt hereby secured ~iven by the Mottgagee shall operate to release, discharse. modify, change or a[fect the original liability of the Mortgaaot herein either in whole or in part. 6. The lien of this deed secures and shail continue to secure payment of said indebtedness or indebted- ' ness. however evidenced. whether by said ptomissoty note or any renewal or extension thereof ot subatitute there- ~ lor. or othetwise, until all such indebtedness shall have been fuily paid. 7. ?n the event the mortgagors sell, convey or transje~ the mortgaged p~en~ises during tht IiJe oJ this ~no~t- ~ gage, then this mo~tgage sholl, at the option of t6e Mortgagee herein, becorne inunediotely due and payable jor the ~ Jull swn of ~he principat balance and interest then due. ~ 8. The tecros "Mortgagor" and "Mortsagee" whenever used in this instroment shall include the heits. ; personal representatives, successors and assigns of the respective parties heteto. Wherever used the sinaular number shall include the plural and the plural the singular, and the use of any gender shail include all Senders. ~/~~i~~~e%~~~ Signe sealed a de r ~n the presence of: , - (Seal) (Seal) STATE OF FLORIDA COUNTY OF~ ss SS . LUCIE r-g~R g, gAI,D~f,,~IN , Jg, an unmarried man Be(ore me personally aPpeared ~ to me well knawn and known to me to be the individuals deactibed in and who executed the fore~oin~ inauument, ~ and acknowledsed before me that they executed the sune [or the purposes therein expressed. WITNESS my hand ~ and official seal in the County and State last aforesaid this llth Day of Sept ber 1971 ~ _ ~ ~ ~y comrn~s:~w~ Exp~r~g: June 30 1975 fVotary Public. SttitteY"... ~i,, e ~ ~ , - FILEO AMO REC~ag~O ~ ` ~ ST. IUCIE COUM lA. , ~ - ~ ` ~ ' - ~ RocEa ao~T~~?: ~ s~ ~ : o , , CIERK C?RCUtT COU#t ~ ` ' VER~FIEO ~ ? ~ . 4 ~ , . 4 RECORO ~ . • ~,V~ ` SEr 18 9 sa r.~$t E AH'T I ' ~~HJ111lHN1\~` , ` i ~ ~~~1~ t ~ ~'i6150 . ~ a ~,.ti"~ : ~ . - ~-"..e ~;-r Y ~~n~~s"~#~- . .