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Home My WebLink About2440 Our File 5-23,171 tA~s morl~s~e or otAe~ tr~rts(ee ol utle to the mort~a~ed pope~ty ~n eaunawsDment o! tAe ~ndebledness secwed AercAy, .11 nrR~, t~rlc and ~nteresi of the Mort~yor ~n ~~d ~o any ~aawance pu(~c~ei then ~n (urce rh~ll p~sa to :Ae purcAase~ o+ ~rantee. (A1 To per(~x~a. camply W?1!~ •nd ~b~de by e~cA •nd every tAe anpulruons, a~recments, coadwons and co.en~n~s m aa~d pr.~m~..or> nou and ~n U~a deed set (ortA. (~l Th~t ~t ~ny of s~~d swna o( mm~ey Aaem re(enrd to be not pranptly •nd fully pa~d ~+tAm (~ftceo dry~ nc~~ •nrr lhe aamt sevet~lly becoa~es dut ~nd p~Y~blt.a d eacA and every the st~pul~t~ons, ~sreements, condit~onx ~nd toven~n~c af .a~d prom~.. ~ swy note and U~s deed, or tithtr, ~re not (uliy pet(ormed, comphed ~r~W and •b~dcd by, tAc s~~d ~~re~ue sun~ menuoned ~n .~~d + pom~siory note ~Aall becase due •nd paY~ble fa~w~tA a thuc~ftar •t tAt option of the Mort~~~ee as tuily ~nE completelY a. n ihc s~~d a~ire~~te ~w~ of a~~d p~oaissory note v~s on~~n~lly st~pul~tad to bt pa~d m sucA dry, ~nyth~n~ in snd prom~ssory nate cu hrre~n tu the coetr~ry notv~tAst~nd~n~. i V 1 Th~~ m wder to acceler~te the m~tunty of tAe ~ndeDtedneas hereby ~ecured, because of tAe t~?lure of the Mat~a~or ~u pa> any ~xi, assessment, lubility, obl~~~hon a encumbrance upon sud property, ~s Aercm prov~ded, u shall oo~ be neces~ary a reqwaite ~hai ~hr mort~a~ee ahall t~rst p~y tAe same. 2. The Mortgagee may, at his option. and without waivin~ his nght to accelerate the indebtedness hereby secured and to (oreclose the same. pay either before at sfter delinquency any or all of those certain obl,i~stions required by the terms hereof to be paid by the Mort~a~or fot the protection of the mortga:e security ar for the col- fection of the indebted~ess hereby secured. All sums so advanced ot paid by the Mortga~ee shall be char~ed into the mortgage account and become an inte~ral part thereof. subject in all respects to the term~, conditions, and cove~ants of the aforesaid promissory note. and this mott~4~e. as Cully and to the ssme extent as though a part of the original indebtedness evidenced by said note and secured by this mortsa~e. exceptins however, that ~a~d sums shall be repaid the Mort~a~ee [orthwith upon its demand a~ be in addition to the re~ulac manthly install- ments provided by the mortsa~e note. 3. That the abstract or sbsuacts of title covering the mortga~ed property shall at all times. durin~ the life of this martgage, remain in possessio~ of the Mort~agee and in event of the foreclosure of this monsaac or ather transfer af title to the mortgaged property in extin`uishment ot the indebtedness secured hereby. all right, title and mterest of the Mort~agor in and to any such abstcacts of titte shall pass to tho pnrchaser ot grantee. To the eatent of the indebtedness of the Mort~a~or to the Mortgajee described herein or secured hereby, the i?iortga~ee is hercby suoro~ated ~o the iien or iiens an~ t~ ihe iishts ~i u~e vwT'icis ar.i t~~33ers .:se:~af ~f ca~ ; a~d cvery mortgage, lien or oth~r incumbrance on the land described herein which is paid and'or satisfied, in wholc or in part, out of tfie proceeds o! the loan described herein or secnred 6ereby, and the respective liens of said martgages, liens ar other incumbrances, shall be and the same and each of them hereby is preserved and shall pasa to and be held by the Mortgasee herein as security for the indebtedness to the Mortga6ee herein described or hereby secured, to the same extent that it would have been preserved and rvould have been passed to sod been ~'i2{is ~3j~ I~ic ~=ti7l~d~8c ~iaa~ tl ~8tt1 uu~y SP~u ?C6uiwi} ~o5.~[iL~. Lsr.s::..:s~~ SGL OYGT, ~t~lYLZC~ !!!!t0 *.t2t R~OiI- ~ gagee b}• separate deed of assignment, notw~ithstanding the fact that the same may be satisfied and cancelled of record, it being the ir~tention oi the parties hereto that the same w~ill be satisfied and cancelled of record by the holders thereof at or about the time of the recordina of this mortQa~e. 5. ln the event the owners6ip of the mortaaged premises, ot any part thereof, becomes vested in a person ather than the \lortgagor, the Mottgagee may, witbout notice to the Mortgagor, deal with such successor ex suc- ; cessors in interest with reference to th~s deed end the debt hereby secured, in the same manner as with the Mort- gagor v?•ithout in any~ way vitiating or dischargin6 the Mortgagot's (isbility hereunder or upon the debt hereb~• } ; secured. No sale of the premises hereby mortgaged and no fotbearance on t6e part of the Mortgagee, and no ex- r tension of the time for the payrt~nt of the debt hereby secured given by the Mortsagee shall operate to release, ~ discharge, mod~fy, change or affect the originat liability o[ the Mortgagot herein either in whole or in part. ~ 6. The I~en of this deod secutes and shall continue to secure payment of said indebtedness or indebted- ~ ness, however evidenced, whether by said prom~ssory note or any renewal ot extension thereof or substitute there- 3 for, or otherw~se, until af! such indebtedness shail have been fu11y paid. ti 7. /n the event the mo~tgago?s sell, convey or transJer the ~nortgaged pr~neises duiing the IiJe oJ this mort- Rage, then rhis mortgage shall, at the aption oj the Mortgaget herein, become tnunediQtely due and paya6/e Jor the p Jut! sum oJ the ~rincipa! balance and interest then due. x 8. The tertns "Mortgagor" and "Mortgagee" w~henever used ~n this instrument shall include the he~rs, ~ personal representatives, successors and assigns of the respective parties hereto. Whetevet used the singular ~ number shall inciude the plural and the plural the singular, and the use of any gender shall include all genders. ~ ~ S~g d, seale d deli e in the presence of: ~ (SeaU ~ ~~F-~~ ~ ~ ~ t; ~ r v- v~~~ ws~T - i~eaii 4: ~ 7~ :f , ~ STATE OF FLORiDA ~ ' ~ COUNTY OF~ 1 ss ~ ST . LUCIE ~ ~ ~ Be(ore me personalty appeared R. ~l. WHEE~R 811d A~ {~1I~~Rs 1118 wife ~ to me well known and known to me to be the individuals deacribed in and who executed the foregoin6 insuumcnt. and aclcnowledaed before me that they executed the same for the purposes therein expressed. WITNESS my hand and off~c~at seal in the County and State last aforesaid this Z7ti1 DSy of November, 1971 $ ' ~ ~ ~ty Ccxnmiss~on Expirea: JuAe 30, 19~5 Notary Public, ~r ~ a r ~~I F11E0 A~10 F.ECORDE~ ' ~ ' ~ ~ ST. LUCi[ COUNTY flA. = ; = ` - - - ROCER P~ITIIAS : . _ CLERK CIRGWt COURT _ > : = ~ RECORO '~ERIFIEO = ~ - ~ r' ' - : - OEC 9 i1 s3 ~M'T I , L ~ ~ ~ . . , . ~ ~2~018~ $oac 197 Pac~ 24~7 l ~ . . _ .