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Home My WebLink About1289 Our tile 5-23,046 ~h:c m~u~Ka~lr or oihe~ tran,(e~ uf utlr cu the m.~rtgaged proper~y ~n eaun~w+hment .,i the ~ndeb~edno., +e.wrd hereb>, ell n~h~, t~Ue and interest ot the \Iort~a~ut ~n and to ~ny ~n.urrn:e pul~c~es thrn ~n (urce shrl! pass to tAe purchaser or ¢un~te. Tu perfuim. cumplY +r~tA and ahide b~ eacA and even the .t~pui~t~ons. a~~cemeats, condiUOns and co~en~nh ~n seid prom„~ory note and ~n th~. deed set torth. 1 That any ot sa~d sums u( money h~re~n ~efcrrrd ~u ne not pr.~mptl> a~d [utly pa~d with~n fiftcen day+ ne~t ~ne~ ~he same sevenlfy becomes due an1 paya~le,uc if each and every the supul~tions, a6rcements, cundit~om and co~enants ot sa~d prwn~s- ~.xv note and th~s dec~, o+ tuhe~, arc not (ully performcd, c~xnplied with and abided by, the >a~d ag~re~ate sum mcnuoned ;n ~a~d prom~ssory note sAall become due and payable (otth~uA ur thercaftcr a~ ~he opt~~.n ot tAe \lurtgaaee as tu11Y and completel)' ac i( thc ca~d a`~re~ate sum of sa~d prom~xsory note was on~~nally supulited to De pnd m such d~y, anythm~ m sa~d prom~sso~y note or herem to tRe cun~rar~• not~~ths~~nd~n~. (7 1 That ~n order to accele~ate the mytun~y ot the indebtedness hereby se.wed, because ot the (a~lure of the ~to~tga~ur ~o pry •n)• u~. rs,rsiment, II~b1Ill)', Ubllji(1Jfl or rr.cumbrance upon sa~d property, as here~n pra~~ded, u shall no[ be ne.es.arp ~x requ~sue that the m~Kt`a~ee shill (~rst pay the same. 2. The ~4ortgagee may, at his opt?on, and without w~aiving h~s right to accelerate the indebtedness hereby se~ured and to foreclose the same, pay either beCore or after delinquency any ot all of those certain obligations requ~red by the terms hereof to be paid by the ~lottgagor far the protection of the mortgage secutit~~ or for the col- lection of the indebtedness hereby secured. Ail sums sa advanced or pa~d by the ~torlgagee shall be chatged into ~ the mortgage account and become an ~ntzgral part thereof, subject in all rospects to the te[ms, conditions, and ~ cuvenants of the aforesaid pr~missory~ n~~te, and this mortgage, as fully and to the same extertt as though a part ~ ~~f the original indebtedness evidenced by said note and secured by this mortgage, excepting however, that said sums shall be repaid the \lortgagee forthwith upon its demand and be in addition to tt.e regular monthly install- ments provided by the mortgage note. 3. That thz abstract or absis~eis of title covering the mottgaged property shall at all times, during the liCe ~~f this mortgage, remain in possessian of the ~loctgagcc and in evont of the foreclosure of this mortgage or other transfer of title to the mortgaged property ~n extinguishment of the indebtedness secured hereby, all right, title and in~erest of the !~lortgagor in and to any such abstracts of title shall pass to the purchaser or grantee. 4. To tht extent of the indebtedness of the Mortgagot to the 4tottaagee described herein or secured hereby, t the Vortgagee ~s hereby subrogated to the lien or liens and to the tights of the owners and holders thereof of each ~ and every mortgage. lien or other incumbrance on the land described herein which is paid and'or satisfied, in whole or in part, out of tht proceeds of the loan describ~d herein or secured hereby, and the respective liens of said mortgagcs, liens or other incumbrances, shall be and the same and each of them hereby is preserved and shall pass to and he held by the ~tortgagee herein as security for the indebtedness to the ~lortgagee herein aescribed ~ or hereby secured, to the same extent that it N•ouid have been preserved and would have been passed to and been 3 held bp the ~tortgagee had it been duly and regularly assigned, transferred. set over. and delivered unto the ~1ort- gagee b~ separate deed of assignment, notwithstanding the tact that the same may be satisfied and cancelled of record, it being the intention of the parties hereto that the same will be satisfied and cancelled of record by tne holders thereof at or about the time of the recording of this mortgage. S. In the event the ownership o( the mortgaged premises, or any patt thereof, becomes vested in a person r uther than the ~lortgagor, the \lattgagee may, w•ithout notice to the tiiortgagor, deal with such successor ot suc- t cessors ~n ?nte~est Kith reference to this deed and the debt hereby secured, in the same manner as with the \lort- s gagor without in any way vitiating or d~scharging the ~tortgagor's liability hereunder or upon the debt hereby ~ secured. No sale of the premises hereby mortgaged and no forbta~ance on th~ part of the ;~lortgagee, and no ex- ; ; tension of the time for the payment of the debt hereby secured given by the ~lottgagee shall operate to release, ° discharge, modi[y, change or affect the original liability of the ~lortgagor herein either in whole or in part. ~ b. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- ~ ness, however ev~denced, whether by said promissory nate or any~ rencwal or eatension theceof or substitute there- for, or otherv?~se, until all such indebtedness shall ha~~e been full}• paid. ~ ~ 7. In !he e~•ent the mortgagors sell, con~•ey o? transfer lhe mortgaged premises during the lije oj this mort- 3 ' xaRe, then this mortgage shalt, at the option oj the NortRagee herein, become ~nn:ediately due and payable Jor lhe ~ ; (ull sum oJ the pr~recipat balance and inte?est then due. ? ~ 8. The terms "~+lortgagor" and "~1ort~tagee" w~henever used in this instrument shall include the heirs, - per~onal representatives, successors and assigns of the respective parties hereto. W~herever used the singular number shall include the plural and the plural the singular, and the use of any gender shall include all genders. P?y b ,5 ~ ' . i~~I~~ ~'1..~~ s Si ned, sealed anJ d ed in the presence of: Ct.~.~i..Q- ~ ~ (Seal) ;r~ ~ - ~ , ~ ;ss ;-~1~..~ -=~--fZ Ll ~ (SeaU - ti ~ n~-.~ - :t - STATE OF FLORtDA I _ ; COUNTY OFq~ f ~S ST. LUCIE ~LES B. SHREVE and EDNA A. SHREVE, his wife Befote me personally ap~eared - t~ me well know~n and known to me to be the individuals described in and who exe~uicd the foregoing instrument, " and acknowledged before me that they executed the same for the purposes therein exptessed. WITNESS my hand - and offic~al seal in the County and State last aforesa?d this 13th Day of November, 1971 : j :~'E .1~ ' . June 30 1975 _ F11ED ~c, scace ot a Lar e ~1y Commission Ezpires: ' - GE C~ UNTY f A. = .':3 ROCER POITRA - ~ _ CIERK CIRCU RT - " " ' - ' R~~ s~~-~=' IN PAYMEJIT pF TN(Q RECORO YERiF - - ~ D:lE Of1 CL~"S 'C' If~TA,YGIBLE PfP.S011111 PROPERTY, =o ~~:R ~~Z,. ,~TS ~ r~~ ta 3s PM i _ : - - ~oi'r~s, c~e~ c?~c~~t co~~t ~ ~ ~ - as Agent fo? OANtEI M. KAlpyylES. 1 S St lu~i~ Cou-t;~ Tac C~H~ctor 219~~•~ p~ " ~y r BOOr,197 PACE1200 _ 'r'~ - - - ~C-`j~ - •r ' ''~ilTV rirov -