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Home My WebLink About2340 Our file 5-33,409 ~h~s mur~~age ~x o~Atr transle~ oi utlr to the mor~~a~cd popctt~ m exun`waAment o1 tAe ~ndrbtedne+a sccu~rd hcreh>. rll r~~At, htle rnd in~erest of the A1ort~~su~ in and to any insurance pul~c:es thcn in (urce shall psas to the putchiset ur s~~n~~e. (A) Tu prrf~vm, c~n+ply v+~U ~nd ab~de each and cvery tAe .upulauons, a{~ecmenb, cond~uons and co~en~nts ~n s~~d promi~~ory note and in th~~ decd set forth. 1'fhat ~t any ot sa~d sums ~f munep herem rctcrred to be not promptly artd [uUy pa~d ~i~A~n tdtcen day~ ne~~ aiter tAe samt severally becomes due and payabie,~x each and every tAe shpul~twns, a~rcements, cond~t~ons and cu~enan~s o( sa~d prwn~s- ,ory note and th~s deed, or euher, are not fully prrlormed, compl~ed rul~ and aD~ded by, the ~aid a«re~a~e sum menuoned m said Mom~ssoty aute shall becane due and payable (meh~ith or there~fur ~t the opt~on ot tAe Mort~a~ee as (ully and cumpletely as d tAe .aid a~~te~ate sum o( sa~d promissot~ note was on~~n~lly shpuls~ed to be pud ot~ such d~y, anyth~n~ ~n aa~d p~om~ssory note w here~n the contra~y not~ithstandm~. 1 That m order to acceler~~e the matunty of the inde~tedness hereby secured, because ot the fa~lure ot the ~tort~a~or w pay any ta?, asse.yment, lub~l~ty, obl~~auon or encumbrance upon sa~d property, as herem prov~ded, ~t shall not be neits~ary w reqwsiu that the ; m~tja~ee shall lvst pay tht same. 2. The ~lottgagee may, at his option, and without waiving his tight to accelerate ihe indebtedness hereby • secured and to foreclose the same, pay tither befote or aiter delinquency any or all of those ctrtain obligations required by the terms hereof to be paid by the ~lortgagor for the protection of the mortgage secutity~ or for the col- lection of the indcbtedness hereby secured. All sums sa advanced oc paid by the Nortgagee shall be charged into the mortgage account anJ become an integral patt thereof, sub~ect in all respects to the terms~ conditions, and cov~nants of- the aforesaid promissory note, and this mortgage. as fully and to tha same extent as though a part of the original indebtedness evidenced by said note and secured by this mottgage, excepting however, that sai~ sums shall be repaid the !~lortgagee forthwith upon its demend and be in addition to the regular monthly install- ments provided by the mortgage note. 3. That the abstract or abstracts o( title rovering the mottgaged ptoperty shall at all times, during the life of this mortgage, tema~n in possession of the !1lortgagee and in event of the foreclosure of this mottgage ot other tranc(er of title to the mortgaged pronerty in extinguishment of the indebtedness secured hereby, all right, title and mterest of thc ~lottgagor in and to any such abstracts of title shall pass tu the purchaset or grantee. 4. To the eztent of the ~ndebtedness of the Nortgagor to the 4lortgagee described herein or secured heteby, the \tortgagee is hereby subrogat~d to the lien or Gens and te the rights of the ownets and holdets thereof of each and every mortgage, I~en or other incumbrance on the land described herein which is paid and~or satisfied, in whole or in part. out of the proceeds of the laan described herein ot secured hereby, and the tespective liens of said mortgages, liens or other ~ncumbrances, shall be and the same and each of them hereby is preserved and shali pas~ tu and be held b~~ the !1lortgagee herein as security for the indebtedness to the Nortgagee herein desctibed or hereby secured, to thz same extent that it v?•ould have been preserved and would have been passed to and been ; held by the \lortgagee had it been duly and regularly assigned, transfen~d, set over, and deliveted unto the ~1oct- gagee b} separate deed of assig~ment, notv?ithstand~ng the fact that the same may be satisfied and cancelled of record, it being the intent~on ~~f the parties heretu that the same will be satisfied and cancelled of record by the holders thereof at or about the time of the recording of this mortgage. ~ S ln th. evPnt the ~iw~n~?ch~n nf tht mnttaaved nremises_ ot aI1V nart thereof_ becomes VeS[td IR 8 DCf50I1 . ~o ~ . . . other than the ~k~rtgagor, the \tortgagee may, without notice to the 4lortgagor, deal with such successor or suc- cessors in interest with relerence to this deed and the debt hereby secured, in the same manner as with the ~1ort- ; gagor ~~thout in any~ ~ay v~tiating ot d~scharg~ng the !1lortgagor's l~abiiity hereundet ot upon the debt hereby se~ured. No sate of the prem?ses hereby mottgaged and no forbearaace on tht part of the 4lortgagee, and no ex- ~ tension of the time for the payment of the debt hereby secured given by the ~lortgagee shall operate to release. : discharge, modify, change or affect the original I~ability of the ~lortgagor herein either in whole or in part. p b. The I~en of this deed secures and shall c~ntinue to secure payment of said indebtedness or indebted- € ness, hov?ever evidenced, whether b~• said promissory note or an~~ renewal or extension thereof or substitute there- ~ for, or otherw~se, unt~l all such indebtedness shall have been fully paid. ~ 7. /n the e~~ent the mortgagors sel1. com~ey or ~ransfer ~he mortgaged premises during the lije oJ this mort- } ~;a~e, rhen ~his mo.tgage shall, at rhe option of the ,1fos~gagee here~n. becorne immediately due and payable Jor the 5 (ulf sum oJ the p~inc~pa! hatarce and interest then due. e 8. The terms "~lortgagor" and "~lortgagee" whenever used in th~s instrument shall include the heirs, k personal representatives, successors and assigns of the respecuve patties hereto. Wherevec used the singular ~ number shall include the ptural and the plural the singular, and the use of any gender shall inctude all gendecs. ~ ~ , ~-y ~ ~ ~ Signed, sealed and de • red in the presence of: `L ~ (Seal) ~ ~~~~~i~=`~~ ~~C~E t~ (SeaU L / ) / r= ~.L ~ 1 tc.~/ / ~7- t--s~C.~-1l~- ~ STATE OF FLORIDA ~ y COUNTY OF $EB$ ~s V ST. LUCIE ~ Before me petsonally appeared GRANT HADLEY and ALBERTA -HADLEY, h13 W1fL' - t~ me w~elt known and known to me to be the individuals described in and who executed the foregoing instrument, and acknowledged befort me that the}• executed the same for the purposes therein expressed. WITNESS m~ hand _ and off~cial seal in the Count~~ and State last afotesaid this Sth Day of January~ 1972. . . "y ; ~ y ~~1, ,`z . fy i ~ , ^ . - `1y Commissian Exp~res: JUil@ 3O 1975 Notary Public, State of Flor~da fR~o ~EC~ flt ~ ,/.L ~ , ; S1.~qCic C~7UM . . . ROGF = Y J;T e1~S . , ~ ° CIEp~ ~ ~.~=.E~ ~OtlAj j . : w - - Rf LCR. . ~ • ; _ t3 2 26~M. _ ~AN ;~3 ~4 ~aK 198 P,,~f~33~ z~~~ w _ _ _ -