The URL can be used to link to this page

Home My WebLink About1737 Our File 5-23,370 iG~~ mottiare .x othe~ uansle~ ul t~tle t~~ ~ne mo~tYared popert~ ~n eaun~wshment o~ the ~ndebteJnc~s .t~u~cd AercD~, rtl n`nt, t~t1t and ~nu~e.t uf tAe \lort{a~or ~n and to any ~n,u~~n:r pol~cies ~hcn in force shall pass to ~he purcAa~e~ or ~ranue. ~ lhl To peri~.rm, cumplY +•.~A and abide each and evety the ct~pulaUons, a~reements, conuit~on. and co~enams ~n sa~d prom~~s~~ry note and in thi. decd set fortl+. 1 TAat ~t any of sa~d sums ut munry hrrr~n rcfctrrd to be nut pr.~mptl)' and (ully pa~d ~~th~n f~ftcen dsY~ ~~x~ ~~ter ~ht same sere~ally Decomes due an1 pa)aAie,~u each and every the st~pulaUOns, a6rcements, condit~ons and covenants sa~d prom~s- sory nate and th~s detd, ut e~ther, are not tully performed, complied ~~~th and ab~ded ~y, the sa~d ag~re~aie sum mcnt~o~ed in sa~d ~ prom~xsary note shall bec~xce due and pt)able for~Aw~th ~x theroa(ter at the opuon o[ the Nurt~atee as tuU~ and completely as it the ~ .aid a~~re~ate sum ot sa~d flromissory note ras on~inally stipulated to be pa~d on such d~y, any[h~n~ m sa~d prom~ssory note ~x herem to the comruY noi~ithstand~n~. O 1 That m orde~ to accelerate tAt maturny of the mde~tedness hereby secuted, because o( the fa~lure of tAe \1o~t~a~or to pay any tas, ; asses~ment, I~ab~l~ly, obl~`~hon or cn.umbrance upcu~ sa~d p~operty, as herem prov~Je~, ~t sha? not be neces.ary .x reqwsite tha~ the i mu~[ia~ee shai: first pay tht same. The `lottgsg~e may, at his option, and without wa~v~ng h~s right to accelerate the indebted~ess hereby ; ,erured and to foreclose the ~ame, pay eith~r before or after de{inquency any or all of those certain obligations ; requ~rrd by the terms hereof to be pa~d by the ~lortgagot for the protection of the mottgage secutity or [ot the col- lection o[ the indebtedness hereby secured. ~ll sums so advanced or pa~d by the `lottgagee shall be charged into the mortgage account and btcome an ~ntegral part thereof, subject ~n all respects to the ttrms, conditions, and covrnants oG the aforzsa~d promissory note, and this mortgage, as fully and to the same extent as though a part .~f the original indebtedness evidenced by said note and secured by this mottgage, exce~ting howevet, that said i ~ums shall be repaid the Alottgage~ fotthwith upon its demand and be in addition to the regular monthly install- ments provided by the mo~tgage note. 3. That the abstract or abstracts of titie covering the martgaged propetty shall at all times, during the life oi ~his murtgage, rema~n in possess~on of the 1lortgagee and in event of the loreclosure of this mortgage or other tran~fer of title to the mortgagrd pruperty in extinguishment of the indebtedness secuted hereby, all right, title and interest of the ~lottgagor in and to any such abstracts of title shall pass to the purchaser or gtantee. 4. To the extent of the ~ndebtedness of the Mottgagor to the'11o[tgagee described hecein or secured heteby. the \tortgagee ~s hereby subrogated tu the lien or I~ens and to the tights of tht owners and holdzrs thereof of each and every mortgage, lien or other ~ncumbrance on the land described herein w~hich is paid and.'or satis[ied, in whule or in part, out of the proceeds of the loan described herein ot secuted hereby, and the respective liens of said mortgages, liens or other ~ncumbrances, shall be and the same and each of them hereby is preserved and shall pass to and be held by the 1lortgagee here~n as security !or the indebtedness to the Nortgagee herein described ur herebv ~ecured, ta the same extent that it w~uuld have been pteserved and would have been passed io and been held by the \1~~rtgagee had it been duly and regularly assigned, Uansferred. set over, and delivered unto the Mort- gagee b~ separate deed of ass~gnment, notwithstanding the fact that the same may be satisfied and cancelled of ~ record, it b~ing the intent~on of the parties hereto that the same Kill be satisfied and canceUed of rpcord by the holdets thereuf at ~~r about the ume uf the r~cording ol' this mortgage. 5. In the event the ov?nersh~p of the mortgaged premises, ot any part thereof, becomes vested in a person ~~thzr than the \h~rtgagor, the ~tortgagee may, without notice to the ~lortgagor, deal with such successor or suc- , cetsocs in ~nterest K~.h reference to this deed and the debt hereby secured, ~n the same manner as with the ~tort- gagor Nithout in an~ way v~tiating or discharg~ng the '1lortgagor's liability hereunder or upon the debt hereby secured. tio sale of the premises hrreby mortgaged and no [orbearance on the part of the Nortgagee. and no ea- tension of the time for the payment of the d~bt hereby secured given by the 4lortgagee shall operate to release, E j discharge, modify, change or a[fect the original I~ability of the ~lortgagot herein either in whole or in patt. ~ € 6. The I~en of this deed secures ar.d shall continue to secure payment of said indebtedness oc indebted- + ? ness, however evidenced, whether b~• said promissory note or an}~ renewal ot extension theteof or substitute there- ~or, ur othe:K~se, unul all such ~ndebtedness shall ha~•e been fully paid. 7. In the~ erent the mortRagors sell, con?~ey or transJer the mortgaged p~emeses du?ing the li(e oJ this mort- ` kaKe• then this mo?tgage shQtl, at the opr~on of ~he 1lo?tRagee he?ein, becerne immedintely due ared Vayable jor the ~ lu(1 sum oJ the pnn~~pal balance and ~nterest then due. F 8. The terms ''~lortgagor" and "~lortgagee" whenever used ~n this instrument shall include the heirs, ~ per~onal representat?ves, successors and assigns of the respective parties hereto. Whetever used the singuler number shall ~nclude the plural and the plural the singular, and the use of any gender shall include all genders. ~ ~ Sig d, seated nd li re n the presence of: (Seall i , ~ (Seaq ~ ) /i ~ iw / ~ ~ W ~ ~1 c~ r` ~o ~ ~ STATE OF FLORIDA I ; ~ CnUhTY Of Q(~ ~ ~s P~ ST . LUCIE ti ' Before me personallr appeared JOHN D. DAVIS, Sn unmarried m8II t~ me v?•ell known and known to me to be the ~ndividuals desctibed in and who ezecuted tht foregoing insttument, and acknoaledged before me that they~ eaecuted the same for the purposes therein expressed. WITNESS my hand = and offic~al seal ~n the ('ount~ and State last aforesaid this 30th Day of December, 1971 3 - t 1 • ~~J~ ~ S - ~ ~i a e ° ~1y ('omm?ss~on E:xpires: • June 30,~ 1975 Notary Public - kNU ~'•ECORDEO ~ ~ - fILEO = " St. LUCIE COJNTY fLA. _ _ ` ~ : . , r ~~u NOCf~ PJITR~S , - R ~ CIERK C.:~~~?j COU 1~ ~ Y RECORD ~~Fk~f1ED . , ; ~ ; _ . ~ 6 3 4z PM'7 Z - ~ t~'4 _ ~ L. -l aooK 198 FACE 1735 ~ ~N~V~a7 _ s - _ _ ~ ,