HomeMy WebLinkAbout2343 Our File 5-23,405
tG~s mon;are .x u~Aer uans[c~ of 1iUe ~o chc a:urt~a~ed propert~ m eztin~u~~hment ~+t tAc sndebeeanc.,..ecuicd he~cb>, •11 n~ht, title
•nd ~nterest o( tAe Mort`a~.rc an and to any insuran.e pulicics thcn ~n torce shal! pass to !he pwcA~sea or ~r~n~ee. .
(h) To peri~rm, compl~ ~~t!? ~nd ab~de by eacA asd r~ery the st~pulatu~ns, a~:ccments, condahons and co~en~nts ~n s~~d prumi.sory
note and in tA~s deed set torth.
li 1 Thal ~f any oi s~~d sums ot mo~ey he~ein rctcr~ed to be not promptl>' and [ully pa~d +?~th~n t~ftren days ne*~ atte~
~he same seve~ally becomes due and pa>ah~e,a each and ever> the st~pulat~ons, •~ceements, iund~t~onc and co~enan~c o( sa~d pran~a-
say nott and th~s deed, or e~ther, are not fu11Y pertormed, compl~ed w~th and ab~ded Dy, the .a~d ~~t~~rga~e sum menuoned in sud
prom~ssor> note sAall become due and pa>ab{e iwtAr~tA ur thereatur at the option ot tAe llocf~a{ee as tully and completeiy as ~f the
sa~d a«re~s~e sum o( sa~d panissory note +vs on`~naUy supuLted to ~e pud on sucA daY, anyti~ms m said prom~ssory note or herem
the ce++~rary not~itAstandmj.
) That ~n order to acceltrue the matu~~ty u( the mdeDtedness hereby secured, beuuse of the fa~lure ot tAe ~~O(1~~~Jf ti. pay any tax,
assecsment, lub~6ty, obl~~~UOn ~x cn.umbrance upon sa~d praperty, as Aeroin prov~ded, +t shall no~ be ne~es~ary ur reQu~s~te tha~ t~e
mcxt~atee shat! fust pay the s~me.
2. The Mortgagee may. at his option, and without waiv~ng his right to accelerate the indebtedness htreby
serured and to foreclose the same, pay either befote or a[ter delinquency any ot all of those certain obligations
requ~red by the terms heteof to be pa~d by the ~lortgagor for the protection of the mattgage secutity ot fot the col-
lection of the ~ndebtedness hereby secured. All sums so advanced or paid by the tilortgagee shail be chatged into
the mortgage account and become an integral part thereof, subject ~n all tespects to tho terms, conditions, and
c.~~enants of_ the aforesa~d promisson~ note, and this mortgage, as fully and to the same extent as though a patt
of the original ~ndebtedness ev~denced by said note and secured by this moctgage, excepting howevet. that said
sums shaU be repaid the Mortgagee forthwith upon ~ts demand a~d be in addition to the regulaz monthly ~nstall-
ments provided b}~ the mottgage note.
3. That the abstract or absuacts of title covcring the martgaged ptoperty shall at all times, during the li(e
uf th~c mortgage, rema~n in possessior? of the !1lortgagee and in event of !he foteclosure of this mortgage or other
t F ~ !a - • nnr~~ ~n ~st~n :e; enrn! n ! ~ SS S
iid~i~t~i v~ i:~~~ iv i~~. ~ia:.::6.°.6 ^y:..p.. ~ ..g» S~? f ~?L' i---e_tedne, tcuted herebv: ~11 il~ ~1~ C
and mterest of the \lurtgagot ~n and to any such absttacts of title shall pass to the purchaser or grantee.
4. To the extent of the indebtedness of the Nartgagor to the !1lortgagee described herein ot secured heteby,
the ~lortgagee ~s heTeb~~ subrogated to the lien or I~ens and to the tights of the owners and holdets theteof of each
and every mortgage, I~en or other ~ncumbtance on the land deseribed herein which is paid and'or satisfied, in
whole or in part, out of :he proceeds of the luan described herein oc secured heteby, and the respective liens of
said mortgages, I~ens or other incumbrances, shall be and the same and each ot them heroby is preserved and shail
pass to and be held b~• the tilortgagee herein as security for the indebtedness to the ~lortgagee here~n desctibed
or hereby secured, to the same extent that it would have been preserved and would have been passed to and been
heid b} the ~lortgagee had ~t been dul~• and regularly ass~gned, transferred. set over. and delivered uato the Mort-
gagee b~ separate deed of assignment, notK~ithstand~ng the [act that the same may be satisfied and cancelled of
record, it being the ~ntent~on of the part~es hereto that the same wiil be satisfied and cancelled of record by the
holders thereof at ~r about the ume of the recording of th~s mortgage.
_ ~ _
In tnr e~rfii iiiC uaner~i~iv ~i tne ftioiigagc~ yfctiiiscs, u7 ni~: Na;i wa.Zi.v~, u..C:.~Tws vtSi.... 3~.C:S~:.
other than the ~k~rtgagor, the \lortgagee may, w•ithout notice to the !~lortgagor, deal with such successor or suc-
cessors in interest M?th reference to th~s deed and the debt hereby secured, in the same manner as with the !11ort-
gagor without in an}~ way vitiat~ng or discharging the !~lortgagor's liability hereunder or upon the debt hereby
` secured. 1o saie uf the premises hereby mortgaged and no forbearance on the part of the Nbrtgagee, and no ex-
i tension oi the t~me for the pa~~ment of the debt hereby secuTed given by the Mortgagee shall operate to release. ~
~ discharge, modify, change or affect the original I~ability of the ~iortgagot herein eithet in whole or in part. ~
` b. The I~en ot this deed secures and shall continue to secure payment of said indebtedness ot indebted- ~
~ ness. however ev~denccd, whether b}• said ptomissory note or an ~ rcpewa o extens~op thereQ{ Qr b tG~
~ fot, ur vtherwise_ unul all such indebtedness shall ha~•e been ~ia.~00A 111?iLrage aflQ t~~ p~7~ ~
7. In the e~~ent the mortgagors sell, convey or transfer ~e~r~~eiE~Q11d11~1M~t't~?ii/e~~~~rN
~ xuRe, then this mortgnge shall, at the option of the .lforlgagee ~e~~~~~c~~ ~t~~~~e~~~d ~a}~' ~1ii !
t (uIf sum of the principal balance and interesr then due. ,
~ 8. The terms "~lortgagor" and "~lortgagee" wheneverafi~iiaW~ Rii~rt~t ~al~~~~t~ir~• ~
4 personal representatives, successors and ass~gns of the res~ e~~~~ s~
~Whetever used the singular
~ number shafl irtclude the plurai and the plural the s~ngular, and the use of any gendei shall include ali geaders.
~
~ 7~e-~~ .~1
~ gned, sea d iv ed ~n the pres f: (SeaU
~ ~
~ (Seal)
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STATE OF FLORIDA I
~ COUNTY OF ~ ss
ST. LUCIE ~
Before me personall~ appeared ROBERT LEE MAYS and DOROTHY MAYS, his wife
t~ me well known and known to me to be the individuats described in and who executed the foregoing insttument.
_ and acknoWledged before me that they executed the same for the purposes therein expressed. WITNESS my hand ;
and official seal in the Countc and State last aforesa~d th~s gth Day of Jan ~ 1.972
~ 3
'~4 .
Vly Ca-nm~ssion F xp~res: June 30 1975 [~Ivtary Public, State of F '~a~
E • ,
` f ILEO AN ~ kECO c . ~ : . .
gt LuC~c COUMtr fU? : - ' =
ROGE~.~QIT CO~RT : - . _ =
CIER.F. C ,1- O s`.~ ^ • " -
s RECCR~ VE'' ~ ~ = . 3,y
sy ~3 2 3a PH ~ ,,,,;;-~.~~7 . - -
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