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Home My WebLink About1678 Our file 5-23,376 ~Gis muugagc or uthcr urnsie~ ol utle tu :he mo~tra~ed prope~t> ~n c.t~niuuhment oi the ~ndebtednea~ .r.urrd hertby, all c~~h~, htle and inttrec~ i~( th- ?Mct~a~~x ~n and to anv ~n.u~ance polscies thcn in torct s~all pass to tht purchsstt o~ ~ran~ee. (h1 To peri~.~m, ..wnply ~•~tA and ah~de b~ ca~h and e~erv the ~upulaUOns, a~reemcnts, c.ufd~t~ons ~nd co~enants ~n sa~J prom~.sory note and ~n t~~. deed .et tortA. 1 That ~i any oi ~a~d sums of monc> ~crc~n referrcd tc+ De nut pr:xnptly and (ully pa~d ~ ith~n (~ftcen days ne~t atte~ tAe same severally becocr.es due and psyaAle,cx ~f ea.A and ever> the stipul~uons. ~~rcements,:ond~~~ons and co~enants of sa~d pnxn~s- scxv note anJ tA~s dced, or either, are not fulh~ pe~formed, compl~ed rr~th snd sb~dc~1 ~Y, the ~a~d akce~ate swn menuoncd m said prom~sccx•. note shall bec xne due and payabie irxthr~th w ~hereahrr •t the opiion ot tAe Mort~s~te as fuliy and cocnpletely as ~i [he sa~Q a«ropte sum o( sa~d promissor~ nou vas on~malb stipul~ted to bt pt~d on such da), anytl~m~ ~a sa~d prom~ssory noie or Acrcin t.. the :ontrary notr~ths~and~n~. l~ ? That ~n order to acceler~te ihe maiun[y of tAe ~ndebtedness hereby secured, bec~use of the ta~lure of tAe \1o~t~a~oi ~u pay an)• ~ax. ~s.essment, I~abilu~, obLSat~on or en.umb~ance upon ss~d ptoperiy, as herein prav~ded, it sAall not be ne.es.ary x reQwsut that ihe noctgagee shsll hrst pay :he same. 2. Tht \lortgagee map, at h~s opuon, and w~thout v?a~ving his r~ght to accelerate the indebtedness hereb~• .rcured and to foreclose the same, pay either before or a(ter delinquency any or all of those certain obligations rrqwred by the terms h~reof to be paid by the ~io~tgagor for the protection of the mottgage secutit~ or for the col- lect~on of the indebtedness hereby secured. All sums so advanced or pa~d by the ~lortgagee shal! be charged into the mortgage account and become an ~ntegral part thereof, subject in all respects to the tetms, conditions, and covenants of the aforesaid prom~ssor~~ note, and this mottgage, as fully and to the same extent as though a part of the original indebtedness evidenced by sa~d r~ote and secured by this mottgage, excepting hovrevet, that said sumc shall be rtpa~d the Mortgagee fotthwith upon its demand and be in addition to the regular monthly ~nstall- ments providcd by the mottgage note. 3. That the abstract or absuacts of title covering the mortgaged propetty shall at all times. during the life of this nx.rtgage, rema~n in pc?ssessioa of the \lortgaget and in event of tfie [ortclosure of this mortgage or ~ther transfrr o[ title to the mortgaged propetty in extinguishment of the indebted~ess secuted heteby, all tight, title and interest of the ~lortgagor in and to an~ such absita~ts of tiUe shall pass to the purchaser ot grantee. ~1. To the extent of the indebtedness of the Mortgagor to the !~lortgagee described herein or secured heteby, the !?lortgagee is hereb~~ subrogated to the I~en or liens and to the rights of the owners and holders thereof of each and every mortgage, lien or other ~ncumbrance on the land described herein which is paid and~or satisfied. in w~hole or in part, out of the proceeds of the laan described herein ot secured hereby. and thz respective liens of said m~rtgages, liens or other incumbrances, shall be and the same and each of them hereby is preserved and shall pass to and be hcld b}~ the ~lortgagee herein as security for the indebtedness to the Alottgagee herein described or hereb~~ secured, to the same extent that it W~ould have been preserved and would have been passed to and been held by the \lortgagee had ~t been dul~• and regularly assigned, transfetted. set over. and deliveted unto the Mort- gagee b~ se~arate deed of assignment, notv?-ithstanding the, fact that the same may be satisfied and cancelled of record, it being the ~ntention o( the patt~es hereto that the same w•ill be satisfied and cancelled of recotd by the holders thereof at or about the t?me of the recording of th~s mortgage. 5. In the e~~ent the ownersh~p of the mortgaged premises, or any part thereof, becomes vested in a person other than the ~k~rtgagor, the \turtgagee may, u~thout notice to the ~lortgagor, deal with such successor or suc- cessors in ~nterest Nith reference to this deed and the debt heteby secured. in the same manner as with the ~1ort- gagor w~th~,ut in am ~.ay v~t~ating or discharg~ng the 4lortgagor's liabilit~ hereunder or upon the debt hereby secured. 'Vo sale of the premises hereby mortgaged and no forbearance on the part of the ~lottgagee, and no ex- ; tension of the time for the Qa~•ment of the debt hereby secured given by the ~lortgagee shall operate to release, f discharge, mod~fy, cfiange or a(fect the orig~nal 1?ability of the ~lortgagot herein either in whole or in part. ~ ~ 6. The I~en of this deed secures and shall cont~nue to secate payment of said indebtedness or indebted- ness, however ev~denced, w~hether by said ptom~ssory note or an~• renewal or extension thereof or substitute thete- ? for, or otherwise, untii all such indebtedness shall have been fully paid. g 7. In rhe e~•ent the mortgago?s sell, com~ey o? t?ansJer the mortgaged p?emises during the liJe of t6is mort- t xage, then this mortgage shail, at the oprion oJ the Alortgagee herein, become immediately due and payable Jor the : /ull sum oJ the pnncipal halance and interest then due. ~ 8. The tertns "!1lortgagor" and "~lortgagee" whenever used in this insttument shall include the heirs, F personal representat~ves, successors and ass~gns of the respecti~e parties hereto_ Wherever used the singular number shall inctude the plural and the plural the singular, and the use of any gender shall include all genders. n ~ i ~ Signe sealed a de ~~e n the presence of: ~l ~ l~ (Seal) ~ ~ AH~YE~OROED F1~.Efl ~ TY Fl~• (Seal) ~jq / ~ RO~=~ =u1~ A? ~ %~-~ct~ t~rr i~C CIEr~. ~F'.=U~ COU ~~C~''•(' . ~ STATE OF FLORIDA I ~ I~ 53 . ,5 J~+ 221613 p COUNTY OF ~ ~ ST. LUCIE Before me personally appeared GERTRUDE H. HUGHES ~ an unmarried Woman to me well known and known to me to be the individuals desctibed in and who executed the fotegoing insuument, _ and acknoK~ledged before me that they ezecuted the same for the purposes therein expressed. WITNESS my hand and off~cia~ scal ~n the County and State last afore~a~d th~s 30th Day of December, 1971. ~ t'~.,~ , - . - . ~i~~ ' ( I t i - ~1y Commiss~on Exp~res: June 3O, 1975 Notaty Public, ry . . . ' ~ ~.u•- . _ ~ = f ;s_>` i ~ BO~~'~7~ fA[~~~~ ~ - . ~