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Home My WebLink About1369 Our File 5-23,077 ihi. m~~rt~are or othe~ Usnsfer ut uUc ~o the m.~t~~a~tcd ptupcrt~ ~n eat~n~{auhmem u~ the ~ndtDctane.s .ecwcd herct~), all n~h~, t~tle ~nd intetc.t tAe Nott~a~w ~n end tu ~nY' ~nswan~e pul~c~e~ tAcn ~n (urce sRall p~~s to ihe putc~aser ot euntee. lA) Ti~ pr~t~am. .~xnp1Y +'~th •nd at+~de by e~ch anJ tvery the ct~pulations. •`reements, condiuun~ rnd co~en~nt~ ~n v~~d prumi~sury nute anJ ~n ih~. deed set fo~th. ~ TAat any of ~a~d sumx ul mone} hrtc~n retr:rcd tc~ be not promptly and fully pa~d r~thin h(tten days ne*t al~er the same seveully oecomes duc and paY~y~~.~x ea.h and every t~e supulauuns, agrcements, iondiUons and co~enants ol sa~d prom~s- .ory no~e and tA~~ deed, or e~ther, are r.ot tuily performed, rompl~ed ~~tl~ •nd abided Dy, the +a~d ar~rc~ate sum mcnuaned m s~id promuscx> nute shall becane due and pavabfc icxMw~t~ or the:catter at lhe op~~on of tAe \lu~t~~~ee as fully and completelY as ihe w~d a{~rc~a~e +um of said prom~ssor~ note ras ungmally supulated to bt pud on such day, any'thm~ ~n sa~d proen~asory no~e or here~n to the r ~ntrary notr~thstand~n~. 1 That ~n order to accelerate the mawnty o! tAe indebtedness hereby secured, because of the fa~lu~e of the VortRa`ur u. pay any taa, aasc~sment, liab~l~ty, obl~~at~on ~x encumD~anrt upnn sa~d property. as herun prov~ded. ~t shall not be ne.ta.ar~• .x rcqu~sitt tl+at the m~xtsa~ee shall (~rst pay ~ht same. The `lottgagee may, at h~s apuoo, and without wa~v~ng his r~ght to accclerate the indebtedness hereby .c~ured and to foreclose the same, paq either before or aftet delinquency any or all of those certain obligations reqwrtd by the terms hereof to be pa~d by the ~lottgagor for the protechon oi tne rtx~regege socwiiy vt ~u~ ~i~~ .:c.i- Irrt~on of the ~ndebtedness hereb~• secured. All sums su advanced ot paid by the ~lortgag~e shail be charged ~nto the mortgage account anJ become an ~ntegcal part there~f, subject ~n all cespects to the terms, conditiuns, a~d c.~venants of the afaresa~d promissory note,~end th~s m~xtgage, as fully and to the same eatent as though a patt .•f the orig~nal indebtedness evidenced by sa~d note and secured by this mortgage, excepting howevet, that said ~ums shall bc repaid the ~lortgagee forthNith upc~n ~ts demand and be in addit~on to the regular monthly install- m~nts provided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged ptoperty shall at all times, during the life ~•f this mortgage, rema~n in possession of the !~tortgagee and in event of the foreclosure of this mortgage or other tran.ler of t~tle to the mortgaged propert}• in extinguishment of the indebtedness secuted hereby, all tight, title :~nd mterest uf the ~lottgagor in and to any such abstracts o( title shall pass to the putchaser or grantee. 4. To the exte~t of the ~ndebtedness of the Nortgagor to the ~lottgagee described herein ot secured heteby. the ~lortgagee ~s hereby subrogated tu the I~en ar I~ens and to the r~ghts of the ow•ners and holders thereof of tach and rvery mortgage, lien or other ~ncumbran~z ~n the land described herein which is paid a~d ~or satisfied, in K'f1oIC ar ~n part, out of the procecds of the I~~an described herein ot secured hereby, and the respective liens of ,aid mortgages, Gens or other ~ncumbra~~_es, sha1~ be and the same and each of them hereby is preserved and shall pass to and be held by the \lurtgagee here~n as secunty for the indebtedness to the Alortgagee herein described on c~reby securzd, to the same extent that it w~.uld have been preserved and w~ould have been passed to and been held by the ~1~~rtgagee had ~t been dul~• and regularly ass~gned, transfened. set over, and detivered unto the Nort- gagee b~ separate deed of assignment, nut~~~thstand~ng the fact that the same may be satisfied and cancelled of record, ~t being the intent~on r.( the parties hereto that the same will be satisfied and cancelled of rccord by the hoiders thereof at ~~r about the nme uf the record?ng of th~s mottgage. 5. In the e~ent the ownership of the mortgaged premises, or any part theteof, bec~xnes vested ~n a person ~~ther than the \lurtgagor, the \lortgagee may. Without natice to the ~lortgagor. deal with such successor or suc- ces.ors in ~nterest Nith referencr to this deed and the debt hereby sacured, ~n the same manner as with the ~tort- ~ gag«r Mithout ~n ar.~ way vit~at~ng or discharging the '~lortgagot's liability hereunder or upon th~ debt hereby E secured. ti~ sale of the premise. hereby mortgaged and no forbearance on the patt of the !1lortgagee, and no ex- ; tens~on of the ume for the' payment of the debt hereby secured given by the ~lortgagee shall operate to release, ' discharge, mod~fy, change or affect the or~g~nal I~ab?lity of the ?~lortgagor herein either in whole or in part. ~ 6. The I~en of th~s deed secures and shall cont~nue to secure payment of said indebtedness or indebted- ~ ness, however evidenccd, whether by said prom~ssory note or any renew•al or extens~on thereof or substitute there- iur, ~~r utherw~se. unt~l aU such indebtedness shall ha~•e be~n fully pa~d. ~ In th~~ e~•ent the mort~aRors sell, com~ey o? iransfer Ihe mo?tgaged p?emises during the l?fe aJ this mort- F ka~e. then thts mo?tgage shall, at the option of the .11ortRagre heretr., become inunediately due and payabte jor the ~ fulf sum of the p?encipul halance and inte?est thcn due. . ~ R. The terms "!~lortgagor" and "~tortgagee" whenever used in this instrument shall include the heirs, per~onal reptesentat~ves, suceessors and ass~gns of the respective parties hereto. w~erever used the singular y numbrr shaU mclude the pturat and the plural the singular, and the use of ahy gender shall include alt genders. ~j ~ Sign se led a the piesence of: r'~ ~ (Seal) ~ ~ , -~r51) ~ ~ ~ ' L.• wa C~.t.c~ STATE OF FLORIDA I ~ ,s ~ CnU;vTl' OF Q(~C = ST. LUCIE ~ Before me personaliy appeare~ WILLIAM BAXTER~III~ atld BETTY LEE BAXTER~ ~8 .w~fe to me Wcll known and known to me to be the individuals described in and who executed the fotegoing iq z. _ and acknov?tedgzd before me that thry executed the same fot the purposes therein expcessed. W1TNE ~~np~heiii~,~~~ and official seal in the County and State las~ afotesaid th~s 20th Day of November, 19~~.>`~ ti~.~bp~'~~, , , , .1} : \ ~ ~'1~-.i ; r, . - _ : ~ 'c - : : Q' ~~~I 11y Commission Expires• ~g~~Q, 1975 Nutary Public, State ` FttED tY FLA. ~ ~ ~ ~ 1 ST. WCIE COUM ~ b..;:~ ~ ~ . °~:1 IIOCf i P4ITRAS ~ { RECORD VEa1FIf0 COU~ f ~y 2s ti ~6 aH •1 t 219490 ~~~97 ~i3~8 .