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Home My WebLink About0345 Our File 5-23,444 th~s mo~t~a~e w oiher transtec of uqe tu the mort~a`ed poperty m exun~wshment m ~Ae ~ndebtedness securrd hereby, alt n~h~, htle aod ~nuiesi o( the Mort~atur ~n rnd ro any ~nswance polic~es thee in tace shall pass to tlfe purchaser or ~ranlee. (A) To pertam, comply w~th and ab~de by esch anJ every t6e st~pulat~ons, a~reements, cond~hons and covenants m sa~d prom~.sury note and in th~~ Jeed set fortA. ) That sny ot sud sums o( moneY herem rcferred to se not prompU) and tully p~~d wuh~n hitetn days next after the same sevet~lly becomes due and payable, or ~f eacA and tvery tAe st~p~lat~orts, a~reea~ents, cond~t~ons and covenants o( said pr~xn~s• sory note and th~s deed, or e~ther, arc not (ulty pe~famed, compGed wuh and abided by, ~he sa~d a~~rc~ate -swu menucx~ed in sa~d ' prwmssory note shall beeomt due and paya~le (artl+w?th or tAereatter at the opt~nn o[ the Moct~a~ee as fully and completely as the ~ ;y~d a«repte ~um o( sa~d promisswy nute ~as a~~inally aupulated to be paid on such d~y~anyth~n~ in sa~d prom~sso~Y note or herein i tu the contrs~Y not~•ithst~ndmi. ~ s ~ V 1 TTat m orde~ to accelerate the mawnty o( tAe indebtedness hereDy secured, because of the (a?lure ot tAe \lwtea~ur e.. pay any tas, ' assessment, I~ab~l~ty, obli~ation .x encumb~ance upon ss~d ~+ropetty, as Aerein provlded, ~t sAall not be neccssary a reqwsite that the ~ mxi~a~ee shsll fust pay the same. ~ ' ~ 2. The !Nortgagee may. at his option, and without waiving his tight to accelerate the indebtedness hereby- # secured and to [oreclose the same, pay either before or after detinquency any or all ot those certain obiigations ~ required by the terms hereof to be paid by the !Nortgagoc for the protection of the mortgage sec~rity or tor the col- ; lection of the indebtedness hereby secured. All sums so advanced or paid by the Moctgagee shall be charged into i the mortgage account and become an ~~togral part thereo[, subject in all respects to the terms, conditions, and covrnants of the aforesaid promissory~ note, and this mortgage, as fully and to the same oxtent as though a part of the originai indebtedness evidenced by said note and secured by this mortgage, excepting however, that said sums shaii be repaid the Mottgagee forthwith upon its demand and be in addition to the regular monthly ~nstall- ments provided by the mortgage note. 3. That the abstract or absuacts of title covering the mortgaged property shall at all times. during the li[e of this mortgage, remain in possession of the Mortgagee and in eve~t of the foreclos~re of this mortgage or other transfer o( title to the mortgaged property in extinguishment of the indebtedness secured~hereby, atl right, title and interest o( the Nortgagor in and to any such abstracts of titte shall pass to the purchaser or grantee. ` 4. To the extent o[ the indebtedness of the !Nortgagot to the Mortgagee described herein or secured hereby. the ~lortgagee is hcreby 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 ot in part, out of the praceeds of the loan described herein or secured 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 heid by the Nortgagee herein as security for the indebtedness to the Mortgagee herein described ot hereby secured, to the same extent that it would have been preserved and would have been passed to and been held by the \lortgagee had it been duly and ragularly assigned, transfened, set over, and delivered unto the hlort- gagee by separate deed of assignment, notwithstanding the fact lhat the same may be satislied and cancell~d of record, it be~ng the intention af the parties hereto that-the same wilt be satisfied and cancelled of record by the holders thereof at or about the time of the recording of this mortgage. 5. In the event the ownership of the mortgag~d premises, or any part thereof, becomes vested in a person ; other than the ~1~~rtgagor. the \lortgagee may, without notice to the tilottgagor. deal with such successor or suc- ! cessors in interest with refetence to this de. :a the debt hereby secured, in the same manner as with the \iort- gago: N'iI~~2I is anti• wa;• vitsa!~ng ~r ~..•~scharging the ~loctgagot's liability heteunder ot upon the debt hereby ! secured. No sale of the premises hereby mortgaged and no forbearance on the part of the ;~lortgagee, and no ex- ; ~ tension of the time fot the payment of the debt hereby secured given by the Mortgagee shall opetate to release, ~ discharge, modify, change or affect the original liability of the \4ottgagor herein either in whole or in part. 6. The lien of this deed secures and shail continue to secure payment of said indebtedness or indebted- ; ness, however evideaced, whether by said promissory note or any renewal or extension thereof or substitute there- ~ for, or otherwise, unti! all such indebtedness shall ha~e been fully paid. 7. In the everet the mortgagors se1J, convey o? transjer the mortgaged premises during the li~e oJ fhis mo?t- ~ xaRe, then this rnortgage shatl, at the option oJ Ihe Moitgogee herein, 6ecome immediately due and payable Jor the ~ jull surrt oJ the principal balnnce and interest then due_ _ ' ~ 8. The tenns "Mortgagor" and "!~lortgagee" w•henever used in this instrument shall include the heirs, ~ personal representatives, successors and assigns of the respective parties hereto. Wherever used the singular number shall include the plural and the plural the s~ngular. and use ~f any gender shall inciude ail genders. ~ ~ ~ ~ Sign , sealed a d d ive in the presence of: ' (SeaU t ~ ~ , (SeaU ~ ` - [il v; ti~ -'~S STATE OF FLORIDA I ; ~ COUNTY OF2~ ~ ss ~ ST . LUCIE = Be[ore me personally appeared ROGER A. WELSH and ARLENE B. WEISH~ h13 wife ; - to me well known and known to me to be the individuals desctibed 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 County and State last a[oresaid this 15th nay Of J Sry~ 1972 ~ z'Y r~f~, ~ ~ • ' ~ " ~ ~1y C~rnmission Eapires: , June 30 L 1975 Notary Public, St 8 r - ' ^_.,j . ' . ~ ~ r ~Ea ~~c~ ~~~,oaoEO ~ . . . ; ' ~ S~. WC1E ~OUNtY ftA. • . ROGFF ~ vtTRAS - CLERK G~ :C ~O COU~ R=~ , - RECOFd ~E ,l~ r6 I 4~ PM'1Z ' aooK199 PACE 3 _ zzz~s8 44 . - _