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Home My WebLink About1579 Our File 5-23,086 Y tAu mo~tra~c .w othe~ trans(e~ o( uUe to the mor~~a~ed prupert~ ~n eitin~uuhment ~.t the ~ndeb~ednrss sc~uted heteby, all n~h~, uUe and ~n~crcst uf the Noi~`a~ut ~n and to anY ~nsu~ance pulicies then ~n forcc shrll pass to the purch~aer or ~raMee. (h) To prr~~rm, cumply w~tA and ab~de by each and rvery the st~pulatwns, s~ttements, cond~UOns and co~enan~s ~n ~ud Dri~m~.swy note and ~n thu dted set [ostl~_ 1 That ~f any o( s~~d sums ol mone> here~n re(et~ed to be not promptl) and (ully pa~d ~~th~o f~tteen days next rfte~ the same se~eralty Decomes Jue and payable,w ~t each and every the stipul~twns, •srcements, cond~t~ons and cncenants nf said prwn~s- sory note and th~s deed, or c~ther, are not [u?ly perf~rmed, compl~ed vr~th and ab~ded Dy, ihe aa~d ag~re~atr sum mcnt~oned in sa~d prum~ssory nute shall becoeae due and payable f«t~~~th .x thesea(ur •t the optlon o( the Aluct~a~ee as tully and completely as d the sa~d a«re~a~e swn of ea~d prom~sswy note ras on~~nally supul~ted to be pa~d on sucA daY. ~nythu~~ m sa~d promissory note ot herc~n to ~he contrary notw~ehstand~n~. That ~n order to accelerate the matun~y o( the indebtedness hereby secwed, becawe o( tht tailure uf tht ~1o~t~a`o~ tu pa) any ta~, asse.smeM, Iiab~Gty, obl~pt~on cx encumDrance upcM sud pr~pe~tY. as herc~n pso~'~ded, ~t shall not be necessary cx rc~wsite that the mui[ja~ee sMll hrst pay the same. The ~lortgagee may, at h~s option, and without waiving his right to accelerate the indebtedness hereby secured and ta foreclose the same, pay either before or a[ter delinquency any or all of those certain obligations ~equired by the terms hereof to be paid by the ~lortgagor for the protection of the mortgage security or for the col- lecuon of the indebtedness hereby secured. All sums so advanced or paid by the ~lortgagee shali be charged into the mortgage account and become an ~ntegral patt thereof, subject in all respects to the tetms, conditions, and cavenants of the afortsaid promissoty note, and this mortgage, as fully and to the same extent as though a patt of the original indebtedness ovidenced by said note and secured by this mortgage. excepting however, that said sums shall be repaid the ~lortgagee Corthwith upon its demand and be in addition to the tegular monthly install- ments provided by the mortgage note. 3. That the abstract or abstracts of title covering tha mortgaged property shall at all times, during the liCe ~~f this mortgage, remain in possession of the ?1lortgaget and in event of the foteclosure o[ this mortgage or other transfer of titie to the mortgaged property in eztinguishment of tfie indebtedness secured hereby, all tight, title and interest of the ~lortgagoi in and to any such abstracts of title shall pass to the purchaser or grantee. 4. To the extent of the ~ndebtedness of the Mortgagor to the ~lortgagee described herein or secured hereby, the ~lortgagee is hereby subrogated to the lien or I~ens and to the rights of the ownets and holders theteof of each and every mortgage, lien or oQ~er incumbrance on the land described herein which is paid and or satisfied, ~n w~hole .or in part, out of the proceeds of the loan described herein or secured hereby, and the respective liens of said mortgages, liens ^r ^±!~p! !n~~~~±!+~?nces, shall be and the same and each of them hereby is preserved and shall pas~ to and be heid by the ~lortgagee herein as security for the indebtedness to the Atortgagee herein described or hereby srcured, t~ the same extent that it w~ould have been preserved and would have been passed to and ~stn held b} the ~lortgagee had it been duly and regularly assigned, transfened, set over. and delivered unto the Mort- gagee b~ separate deed of assignment, notwithstanding tht fact that the same may be satisfied and cancelled of record, it bt~ng th~ ~ntent~on of the parties hereto that the same will be satistied and cancelled of tecord by the holders thereof at or about the time of the recording of this mortgage. 5. In the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person ' ~~ther than the ~lortgagor, the ~lortgagee may, without notice to the ~lortgagor, deal with such successor ot suc- ~ ces•sors in ~nterest Kith reference to this deed and the debt hereby secured, in the same manner as with the \lort- ~ gagor without in xn}• way vitiaung or discharging the ?1lortgagor's liability hereunder ot upon the debt hereby~ secured. No sale of the premises hereby mortgaged and no forbearance on the part of the ;4lortgagee. and no ex- tension of the time for the payment of the debt hereby secured given by the ~lortgagee shall operate to release, ; discharge, modify, change or affect the original liability of the 1Aortgagor herein either in whole or in patt. = 6. The lien o( this deed secures and shall continue to secure payment of said indebtedness ot indebted- r ness, houever evidenced, whether by said promissory note or any renewal or extension thereof or substitute th~re- - fur, ~~r utherwise, until all such indebtedness shall have been full}• paid. 7. In ~he e~•enJ the mortgagors sell, com~ey o~ transjer the mo~tgaged p?emises du?ing the fiJe oJ this mort- ~ ~;ake. then this mortgage sha[!, at the option of the ,1lortgagee herein, become immediately due ared payabJe Jor the ~ (utl sum of the principal balance and ireterest then due. ~ 8. The terms "!~lortgagor" and "~lortgagee" whenever used in this instrument shall include the heirs, i personal representat~ves, successors and assigns of the respective patties hercto. Wherever used the singular number shal( inctude the plural and the plural the s~ngular, and the use of any gender shall include all genders. ~ ~ /J ~ Si ed, seal a del e d~n the presence of: ~~i1~Q~ "`""'K~• (Scal) (Seal) ~ ~ i ti..' ~ _ ` STATE OF FLORIDA I ~ COUNTY OF ~ ~ ~5 ST. LUCIE - Before me personally appzared WIL1~~ R an~ uAnmMarri d man, being the = to me well know~n and known to me to be the in~ibZl~7~I~~esg b~~~~hQ'Whd'~ce~~~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 aforesaid this 20th Day of Nove r~ 1971 219S89 -f,,. ~1y Commission Expires: .TLIII@ 3O, 1975 Notary Publ~c, S e f • " fILEO A?I~J RECOR~ED ` ~ ' - ST. WCIC COUMTY flA. ~`s; i-~ z' ' R4CER PO~TRAS = a: ;r ZC'~L~.C~S+' CIEaK CiRCUIT C4URT ;~t.' : F'O n'. : k = RECORO YER~FIEO~~ ; Q _ t ~'~~bp • ;~c` I~ ~9 I za PM 71 ....s Y. ~5. - _ o ~ : .~.:5 ~ $~19?' ~E1~77 ~ ~