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Home My WebLink About0872 5-23,264 Our File th~s matiaie ot othtt ttansfs~ ot t~Ue to ehe mo~tsaged ~woprrty ~n cxunYu~shment ot the ~ndebtedncsa ~tcurcd hereb~, aU n~At, uqe and interest o( the Mott~~~or ~n and to any ~nsunnce policies ~hen ~n (orce sh~ll pass lo the purchaser o~ ~rantte. (A) To pc~fMm, coa~ply ~r~th and ab~dt by each and every the shpulat~ons, s~recmen[s, cond~hons and covensnts ~n sa~d ptamssury no~e and in tA~s deed set (o~th. ) That if any of saed suass ot money here~n rcterred io be not promptb' and (ully pa~d y~th~n (~fleen dsys neal aftt~ tAe s~me severally becomes due and paYable,or ~t each aad every tAe s~~pul~twns. ~j~eements, condit~ons and covenants o( sa~d prom~s- say note and tlus decd, ot euher, ~re not (ully performed, compl~ed rith and ab~ded by, the sa~d sttreqte sum mcnuoned ~n said ~ prom~ssorY note sAall becane due and paYable («th~•itA w thereaf~er •t tAe opt~on ot the Moctp~ee •a fuily and completelY ~f ?he said •~~re~~te sum ot sa~d promiasay note w~s on~~nally supulated to be pud m sucA d~y, aeythm~ in said prom~ssory note or herein iu ihe com~ary notWithst~ndin~. ) That m order to accelee~te the matunty oi tAe mdebtedness hereoy secured, occause ui ~nr ia~iwe ui iiu ~i.n:~•~.K t.~ pa~ +~~i assessment, liability, oblis~tion or enrumbrance upon said p~operty, as he~e~n prov~ded, ~t shall not be necescary a reQu~site tAat the mo«~a`ee sA~ll (irs~ pay the same. 2. The Mortgagse may. at his option. and withnut waiving his right to acceterate the indebtedness hereby secured and to forecluse the same, pay either before or aEter delinquency any or all of those certain obligation~ required by the terms hereof to be paid by the Mortgagor for the pcotection of the mortgage secucity or for the col- lection of the indebtedness hareby secured. All sums so advanced oc paid by the !Nort~agee shall be charged into the mortgage account and become an integral part thereof. subject in all respects to the terms. conditions, and covenants o[ the aforesaid ptomissory note, and this mortgage, as [ully and to the same extent as though a patt af the ori~inal indebtedness evidenced by said note and secured by this mortgage, excepting however. that said sums shall be repaid the 111ottgagee forthwith upon its demand and be ~n addition to the cegular monthly install- ments providod by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged property shall at all times. during the life of this mortgag~, remain in possession of the !1lortgagee and in event of the foreclosure o[ this mortgage ot other transfer of title to the mortgaged property in extinguishment of t6e indebtedness secured hereby. all right, title and interest of the Mortgagor in and to any sucfi abstracts of title shall pass to tht pwchaser or grantee. 4. To the extent of the indebtedness of the Mortgagor to the Mortgagee described herein or secured hereby, the \lortgagee is hereby subrogated to the lien or liens and to the rights 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 the praceeds of the loan described herein ot secured hereby, and the respective liens of said mortgages, liens or other incumbrances, shail be and the same and each of them hereby is preserved and shall pass to and be held by the ~lortgagee herein as security for the indebtedness to the Mortgagee herein described or hereby secured, to the same extent that it wouid have been preserved and would have been passed to and been held by the ~lortgagee had it been duly and regularl~ assigned, transferred. set over. and delivered unto the Mon- ~ gagee by separate deed of assignment, notwithstanding the fact 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 the holders thereof at or about the time of the recording of this mottgage. 5. ln the event the ow•nershio of the mort¢a¢ed nremises, ot any part thereof, becomes vested in a person other than the 4lortgagot, the ~lortgagee may, without notice to the Mortgagor, deai with such successor or suc- j cessors in interest with reference to this cle~ : and the debt hereby secured. in the same manner as with the ~1ort- gagor v?•ithout in am~ way vit~ating or diseharging the '.4lortgagor's liability hereunder ot upon the debt hereby ~ secured. No sale of the premises hereby mortgaged and no forbearance on the patt of the Mottgagee, and no ex- ~ tension of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to release, ; ; discharge, modify, change or affect the original tiability of the Mortgagor herein either in whole or in part. F 6. The lien af this deed secures and shali continue to secure payment of said indebtedness or indebted- ness, however evidenced, whether by said promissory note or any renewal or extension thereof or substitute there- ~ ~ fot, or othetwise, until all such indebtedness shall have been fully paid. • r 7. /n the event the n~ortgago?s sell, convey or hansjer the mo~tgaged premises during the IiJe oJ thes mo?t- ~ gage, then this mortgage shall, at the option of the ;1to?tgagee herein, becorrie immediately due and payable jor the ~ jult sun~ oj the principal balance and interest then due. ~ 8. The tenns "Mortgagor" and "Mottgagee" whenever used in this instrument shall include the heirs, ~ petsonal representatives, successors and assigns of the respective parties hereto. Wherever used the singular . ~ number shall include the plural and the plural thr singular, and the use of any gender shall include all genders. ~ ~ Q S ned, se d elir• e~ ptesence of: ~7~~ ~~j (SeaD ~ s ~ ~ ~ (SeaD ~ ~ ~ ~ !~c C.~ t~~~- ~ ~ ~ r~ STATE OF FLORIDA " COUNTY OF H~ ~ S~ ST. LUCIE Betore me personally appeared ARTHUR SINGLETON atid DELLA MAE SINGLETON~ h~s wife to me well known and known to me to be the individuals described in and who executed the fnregoing insttument, and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand - and official seal in the County and State last aforesaid this llth Day of Deeember, 1971 - ' :"~r,. _ ~ _ ~ly Comm~ssion Expires: Jut1e 30~ 19~5 Notary Public, Orl(~8 8 @ = Y~ ~ ;_ti fILEO AND RECOROEO , ~ _ ~ S?.LUCIErCp~Na~S R ( . ~ ROGE" ~t COU ~ CLEF.K Ct~GI! . . . ~ Rt) YE' ~~'~4~ i • ! , REC~ 'I 16 - ~ Z~ ~4 o a ~1 ~198 ~ 871 . ~ ; ^ . . . _ ? ~ - . _ _