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Home My WebLink About2196 1 Our File 5-23,130 this mort~~`e a o~At~ trancler o( uUe ~o ?Ae mort~~jed {xoperty ~a tatin~u~shaKni o1 ~he ~ndeAUCnes. ~e.wed ~e~et.. ali n`~~. ~~~le ~nd ~nureat of tAe Mcwt~~aa ~n and w~ny ~ncurance poLc~e. tAen ~n torce sh~ll p.rs ~a the pwcA~ser or ~ranu~. (Al To periorm. comply +.th •nd •D~de by each ~nd ever~ tAt at~pul~t~ons. ~~rcements. cond~t~ona ~r.d cn~ensn. ~n .ew p~.~m note ~nd in ?hi~ dre~ sc~ fortA. l~ 1 Th~t d~ny o( sa~d aums of monc> hcrem relcrrrd to !te na promptly •nd tuil> pa~d r~~Am f~~:ccn a~>. n: ~ the same severally becoenes due •no paYable.a euA and ever) the supulaUOns. apcemrnts. con.lit~on~ •rtii co~en~ntc ut .aW ~~.•m~.- ac.rY note and tA~s decd, or e~ther, •re not fuf1Y R~rtamed, compl~ed auA arai ab~deQ ~Y, t~e sr~d akre~a:- au+n m~nuoncJ cn ~..~d p~oemssory note shall ~e:o.Te due and paY~ble to~thti~[!+ ~u thereafter •t tAe opuw~ ot ~he Mortaa~ee •s fully and compl~tcl~ t'r ~~id a~~re~~te swn o( s~id prom~s~o:> nott r~s or~~inallY st~p~lated to be pa~d on sucA dry. an~thm~ is~d prnm~san~> nn:c or Aere;n io ihe ca+t~ary no~~~ihstand~n~. ~i ~ Tt~rt m order to acceler~te the mawnt)' of the ~ndeDtedness ha~b~ ~ecured, ~ec~usc o( thc failure of tAe N.xt~~~ur n~ ps> •~~e~sment, lubil~tl. ~l~ta:~~ M en~umbrrnce upcin sa~d pro~+eity, as he~e~n pro~~ded. sha!2 no! bt neaec.ary oe rcqu~s,ta t~a! t~. mext~~~ee sha11 firc~ pa)• the same. 2. The ~lortgagee may, at h~s opt~on, and w•ithout wan•~ng h~s r~Eht to acceleratt the ~ndebtedness hereh~ s~cured and to foreclose the same, pay eithet befare ot after delinquency any or all of those certain obl~gauun~ required by the terms hereof to be paid by the Mortgagot for the protection of the mortga6e security ~~r fot the ~~~i- le~t~on of the ~ndebtedness h~reb~• secured. Ail sum~ sa ad~•anced ot paid b~• the ~Mrtgagee shall be char6rd i~t~~ the mortgage account and become an integral part thereof, sub~ect ~n a!I respects to thr t~rm., cond~uon~, anJ covenants o( the aforesa~d pramissoty note, and th~s mort~age, as fully and to thc same extent as though a part of the or~6ina1 ?ndebtedness evidenced by sa~d note and secured by this mortgage, excepting however, that ca~d ~ums shall be repa~d the (?lortgagee forthwith upon its demand and be in add~tion to the regular monthly ~n.taii- ments prov~ded by the mortgagt note. 3. That the abstract or abstracts of title coverin6 the mattga~ed propetty shall at ail times, during the ti(e ~~t th~s mortgage, rcma~~ ~n possession of the Mortgagee and in event of lhe toreclosure of this mortgage or other trancfer ~~f t~tic to the mortga6~d ptoperty ~n extinguishment of the indebtedness secured hereby, all tight. t~tlr and ~nterest of the ~lortgagor in and to an~• such abstracts of title shall pass to the purchaser or graniee. 4. To the ettent of the ~ndebtedntss of the 4brt~aaor to the Martgagee described herein or secured hereb~, the Mortgagee is hereb~~ suhtogated to the lien or liens and to the r~shts of the ow•ners and holders theteaf of each and every~ mortgage, lien or other incumbrance on the land desct~bed herei~ which ~s paid and ot satisfied, ~n whole or in part, out of the praceeds of the toan described herein or secured heteby, and the respective liens of ta~d mortgages. liens or ather mcumbrances, shall be and the same and each of them hereby ~s preservsd and shall pas~ to and br het~ b~ the Mortgagee here~n as security for the indebtedness to the 4lortgaget hcrein desctibed or hercb~ secured, to the same eztent that it would have been pteserved and w~ould have becn passed to and been hcld b~• the \tortgagee had ~t been duly and regularly assigned, transferred, set over. and delivered unto the \lort- gagee b~ ~eparate deed of ass~gnment, notwithstand~ng [he fact ihat the same may be satisfied and cancelied of ~ record. ~t be~ng the intent~on of the part~es hereto that the same will be satisfied and cancelted of record by the z holders ther~of at nr about the t~me of the recording of this mortgage. ' In the e~~enl the ow•nership of the mortgaged premis~s, or any part thereof, beccxnes vested in a person s t ~ther than the ~lortgagor, the !1lortgagee may, without notice to the \+lottgagor, deal with such successor or suc- cecsors ~n :nterc~t N~th reference to th~s deed and the debt hereb}~ secured. ~n the same manner as w~ith the ~~oTt- f gagor M~thout ~n any way v~t~ating or discharg~ng the Mortgagor's I~ability hereunder ot upon the debt hercM~ secured. ti~ sale of the premiscs hereby mottgaged and no fotbeatance on the part oi the tilortgagee, and no eY- ~ tension of the time for the payment of the d~bt hereby secured given by the +Nortgagee shall operate to release, ~ discharge, mod~fy, change or affect the ong~nal I?ab~lity of the ~Aortgagor herein either in whole or in part. 3 ~ 6. The lien of th~s deed secure~ and shall c~nt~nue to securc payment of said ~ndebtedness or indebted- 4 ~ ness, howevcr ev~denced, whether by said prom~ssor~• note or am~ renewal or extens~an thereof or substitute there- ' for. or othcrwisc, unt~l all such indebtedncss shall ha~•e been tully paid. ` 7. M the even~ the rrnrigaRors sell, cone~ey or traasJer rhe mnrtgaged prem~ses during the l~fe nf rhis mort- ~ ,qaee. then this mort~aRe shall. at th~ option of the ~IortgaRee herein, become irr.medratel~~ du~ and ~a~•ahle Jo? thr ~ull sum of the ~nnc~put lwlance and interest then due. ~ R. The tetms "!~lortgagor" and "Mottgagee" whenever used ?n this ~nstrument shall include the heirs, pertonal representativ~s, successors and assigns of the respect~ve parties hereto. Y1'hetever used the s~ngular numi~er shall incVude the plural and the plural the singular. and the use of an~ gender shall ~nclude all genders. ;3 u ~ y;; gned, sealed a iv ed ~n the presence of: ~~~„~='t~ T q~ 4..q (SeaU ~ ^ %I ~ ~ f , t,--~' t L ~ ~ (Seall ~ ~+C.G/ ' ~~vl~ L ' ' ~ . . _ ST.4TE OF FLORID.4 I 4 COU!~TY OF~ s~ ST . LUCIE ~ - Betore mc personali~ apt?eared PINSON FIELDS attd ALKA FIELDS, his wife - to me well known and known to me to be the ~nd~v~duals descr~bed in and who executed the foregoing instrumen~. - and acknowledg~:i before me that the~~ executed the same for the purposes therein expressed. WITNESS my hand and of(ic~al scaf in the Count> and State last aforesaid this 27th Day of November, 1971 , : : , p = ? ~t • Ctxnmission Ex ~r~s~ June 30 1975 niotary Publ~c. State ~f Flori ' a - ) P - - ~ : - A1iD ftECOR4ED _ ' ~ - - fIlEO ~T~ FLA- ~ ~ - : ~ ~ ~ = ~~s- ; ~ " _ ' ST. WC1E COU ' ~ _ i.... _l ~ . : _ ` ROCER POtTRAS . a+ IT COUNT •7~ w~?• ~~~t, CLERK Cin~~ - * . ~ - RECONO VEP'r1E0 ~ - Z~ 1 H= ~ ~~'~~~r:,,.,,. ~ ~ 6 4~eH~1i ~ l~nosz aaoK 19? ~2194 zr _ _ _ - . _ , , _