HomeMy WebLinkAbout1450 Our File 5-22,807
ih;. mu~~~agc o~hcr tun.ir~ of utf~ th~ moiiKa~cd ptupc~:> i? e~unduisP,;r.cnt .N tAe inJeh~c.lnc» .c~wrd rtrrcn). sl~ :c~hi, !itlc
end ~ntcre.t ot thc Mo~~~a~ui ~n and to any :n.uranir p.~l~i~ec thcn ~n ~orce .hall pa+~ to ~he purchasr~ or &~antee.
(h1 T.. pc~i~~~m, i.Knply ~'~~A and ab:do A~ cach and evcr~ the :~~puiet~~ns, r~rerments, conJ~twna and ~o~er.ant. ~n .a~d pr.~mi~.~~~>
note anJ ~n ~h~. deed ,e~ inrtA, i
~
(~1 That i( any uf sa~d sums ut mone> hrre~n rctrr~:d to b~ nut prumptl> rnd (ully pa~J 'aith~n t~ftrrn da>~ n~~t aiter
the s~me +e.ecsi:y becomes d~c •n1 pa)able,.x euA and e~cr> the ~npulaLons, aR~eements, condit~un~ and co~en~nts of sa~d pr~mi,-
s.xv note and thu deed, or eithar, are not iully pcrformcd, complied u~th and ab~ded by, the :atS ad~~eBate sum mcnuoncJ in seid
pr..mu.~x> note shall became due artd p~yablc for~~~~iA or thereefter •t the option of the \lurt~a~ee as full> and cumplctely as if thc
.aid a«re~ale sum of sa~d ~xiun~s+ory nott was on~snall> supulated to be pud un wch dr>', any'thms m sa~d promis~ory note or herein
to ihc .~~n~rary not~~ihstand~n`. I
s
1 Tha~ in orQer to ac.eler~te the matunty ot the indebtedness hercby ce.ured, be.ause u( thc fa~lure ot the Vc.~tgagu~ pay any ~a~,
es.e.sment, t»D~lity, obli~at~on or rn.umb~ence upon sa~d property, •s hecem pro.~ded, ~t shall not be ne.es~ary .~r reqwsne that the
muc~ga~re .h~ll (u.t pay the ~ame.
2. "The ~lurtgagee may, at his opuon, and w~~thout wa~ving his tight to accelerate the ~ndebtedness hereb~~
,~cured and to foreclose the same, pay either before ot a[ter delinquency any ot ail o[ those cettain abligatiuns
rzqwred by the terms hereof to be pa~d by the \lortgagor for the protection of the mortgage securit}• or for the col-
Ir~hun of tht ~ndebtedness h~reby secured. All s~ms so ad~anced or pa~d bi• the ~4octgagee shall be cnarged into
the mc~rtgage account and bzcome an ~ntegral part thereof, subject in all respects to the tetms, cond~tions, and
ruvenants uf thr aforcsa?d pramissury note, and th~s murtgage, as fully and to the same extent as though a part
of the original indebtedness evidenced by said note and secured by this mortgage, excepting however, tha~ said
sums shali be repa~d the Alortgagec [orthwith upon its demand and be in addition to the regular monthly~ install-
ments prov~dtd by th~ morlgage note.
3. That the abstract or abstracts of title covering the mortgaged property shall at all times, duting the life
of th~s mortgage, rema~n in possess~on ot the \lortgagee and in event of the foreclosure of this mortgage or othet
transfer of title to the rm~rtgaged properry in ext~nguishment of the indebtedness secured hereby. all right, t~tle
and interest of the ~tortgagor ~n and to any such abstracts of titir shait pass to the purchaser or grantee.
J. Ta the extent of the ~ndebtedness of the 1Aortgagar to the ~tortgagee described herein or secuted heteby,
, the ~tortgager ~s hereb}• suhrogated to the I~en or I~ens and to tht nghts ~f the ow•ners and holders thereof of each
~ and zvery mortgage, lien or othet ~ncumbrance on the land described herein which is paid and'ar satis[ied. in
' who~e or in part, out of the pmceeds of the loan de.cribed herein or secuted hereby, and the respective liens of
~ ,aid mortgages. liens or other ~ncumbrances, shall be and the same and each of them hereby is Preserved and shalt
> pass to and he held b~• the \iortgagee herein as securit} foc the indebtedness to the !1lortgagee herem described
or hereby serured, to the same extent that it µc~uld ha~•e been preserved and would have been passed to and been
ti held b} the ~1~~rtgagee had ~t been duly and regularly assigned, transferred, set over, and delivered unto the \iort-
- gagee b~ separate deed of assignm~nt, notw~thstanding the fact that the same may~ bt satisfied and caneelled of
- rerurd, ~t he~ng the ~ntent~on of the parties hereto that the same µill be satisfied and cancelled of record b~~ the
h~~idets thereof at or about the ume uf the tecording of th~s mortgage.
~ 5. ~n the ecent the oNnership of the mortgageJ premises, or any part thereof, becomrs ~•ested in a person
~~th~r than the \lurtgagor, the ~lottgagee may, without noUCe to the ~lottgagot, dea) w'ith such successor or suc-
cz~sors in ~nterest uith reference to this deed and the dzbt hereby secured, in the same manner as with the \iort- ,
_ gagor Nlthout in rn~ Kay v~t?aung or discharg~ng tht ~lortgagor's I~ability hereunder or upon the debt hereby ~
- serured. !Vo sale af the premises hereby mortgaged and no forbcarance on the part of the \brtgagee, and no ec-
ten~~on of the t~me for the pay~ment of thc debt hereby secured g~ven by the ~lortgagee shall operate to release,
d~scharge, modify. change or affect the ~~nginal I~ab~litr• of the ~tortgagor herein e~thet ~n whole or in part.
_ b. The lien of this deed secures and shail c~•nt~nue to secure Payment of said indebtedness or indebted-
ness, huweve~ ev~denced, whether by sa~d promisson~ note ut am~ renewal or extension thereoi' or substitute there-
= for. or otherw~se, unul ali such ~ndebtedness shait ha~•e been full~• pa~d.
7. 1n the e•~~en1 the ?norrRagors sell. con~•e~~ or t?onsfe~ the mort,qaged p?emises during the !i(e of this mort- ~
kuxe. then ?hts mortRuRe shv(l. at the opt~nn of the :11nrt,~agee here~n. hecome ~mmediately due and payable Jor the
t iult sum of fhe pnnc+pal halonce and tnterest (hen due.
R. The terrr,s "\lortgagot" and "~lortgagec" whenever used in this ~nstrument shali include the he~rs,
per~~~nal repcesentativts, succe~sors and ass~gns of the respect~ve parties hereto. 1~'herever used the s~ngular
n~;nber shati ~nclude the plurai and the piural tne :ingular, and thr use of any gender shail encluda all genders.
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- Si ed, seale n I~ er t e resence of QL l~-C'Y%~'L- ` (Seal)
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' STATE OF FLORID.a I
r~t~~Tti~ oF ~tX j .t ~
~ ST. LUCIE ~UDE RAWN WILCOX and MUNETIA NELLIE WILCOX his wife
Be(urc me persvnaiiy apprnred ~
= t~ me weli known and kno~n to me t~ be the ~ndividuals descr~bed ~n and w~ho executtd the ~oregoing instrument.
= and acknowledged before me that the_y executed tfie .ame for the purposes therein e!cpressed. W(TNESS m~ hand
and .~Cf~ctial tical in the C~~unty and State last af~~re~aid th~s 9th day of Oetber 1971..
= i
~
_ ~
~ty (~umm?sc~~~n t~.t~~~e,- June 30 ~ 1975 ~ ti~~tarv Public, State ~f ' a r e
~i ~ ' .
lILE~ Ay? REC~RQEO S - `I -
iT. LUCiE COUN Y flA. ~ _ ~
t ROCEA ?O~TAA~ .~t " - ; , ~
5 CLERK CiRCU1T COYItT ~
= RECOIID vf R~i~EO ~ ~ ; ~
` - ~ ~ ~ !
_ Ocr 19 9 os ~M t I .
21'?'4b1 o R vAGE 4~ ~
_ : BL~GK
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