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Home My WebLink About0356 ~ ~ Our File 5-23,454 th~s m~isate or othe~ lnnsfe~ o( utie to the mo«<,~ea aoar~y in ext~n~u~shment o1 tAe ~nde~?edness secured he~eby, all njht, ~~tie and ~n~erest uf the Mwt~~~w ~n and to any ~nswance pol~c~es then ~n force sh~ll pass to the purc~~ser or ~~antee. (h) To pertwm, con?p1Y r~N and abide by each and every tAe shpulauons. a~reements. condiuons and covenants ~o sa~d prom~ssory no~e and th~s deed set torN. Thst it any of s~id sums ot maney herem ro(erred to 6e not p~omptly and tully p~id ~ruh~n fi(teen days ne~t afte~ the same severally becaees due and paYa~le,or esch and eve~y the st~pulat~ons, a~reements, cond~~ions and covenants o( sa~d prum~s- sory note and tAis deed, ot e~tAcr, are not fuliy pertora~ed, complied ~•~tA and ~bided by, the sud aa~~e~ate sum menuoned m said pran~ssory note sAall become due and payable tatA~~th or trereatter •t tAe op~ion ot tAe Mort~a~ee as fully and comple~ely as if tAe s~~d as~re~ate sum ot s~id ptomissory note v~s on~~nally stipul~ted to be p~id on sucA d~y, anythie~ i~ said pomissory note or here~n [o the contrary ~ot~rithstandini. V) TAat ~n ader to accelewte the mawnty o( the indcbtedoess Atreby aecuted, because ot the ta~lure of the ~1ort~a~a to pay any u~, assessmtnt, IuD~lity, obli~~tion or encumbrance upan s~~d prope~ty, as herein prov~ded, ~t sA~U not be necessary ar reQu~site that ~Ae mortsa~ee sAall (~rs~ pay the sawe. ' The Mortgagee may~ at his option. a~d without waiving his right to accelerate the indebtedness hereby ~ secuced and to forectose the same, pay either beEore or aftet delinquency any or all of tfiose certain obligations requ~red by the terms hereo[ to be paid by the Nottgagor tor the protection of the mortgaje security or for the col- lection of the indebtedness heroby secured. All sums so advanced or,paid by the Mortga`ee shall be charged into the mortgage account and become an integral part thereof. subject in all respects to the tetms. conditions, and covenants of the a[oresaid promissory note, and this mortgage. as tully and to the same eatent as though a part of the original indebtedness evidenced by said note and secured by this mortgage, excepting however. that said sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regular monthly install- ments provided by the mortgage note. 3. That the abstract or absuacts of title covering the mortgaged ptoperty shall at all times. during the life of this mortgage, remain in possession of the blortgagee and in event o[ the foreclosure o[ thjs mortgage or other trans(er of titie to the mortgaged property in extinguishment of the indebtedness secuted hereby. all right, title and interest of the Mortgagor in snd to any such absuacts of titie shall pass to the purchaser or grantee. 4. To the extent of the indebtedness of the Mortgagor to the Mottgagee described h~rein or secured hereby. the \lortgagee is hereby subrogated to the lien or liens and to the rights of th~ owners and holders thereof of each and every mortgage, lien or other incumbrance on the Iand described herein which is paid and~or satisfied, in whole or in part, out of the proceeds ot the loan described herein or secured hereby, and the respective liens o[ said mortgages, liens or other incumbrances, shall be and the same and each of them heceby is preserved and ahall pass to and be held by the Mortgagte herein as security fot the indebtedness to the hiortgagee herein described or hereby secured. to the same ext~nt that it wouid have been preserved and would have been passed to and been S held by the ~iortgagee had it been duly and regutarly assigned. trans[erred, set over, and delivered unto the Mort- gagee b~ separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled o[ record, it being the intention of the parties hereto that the same will be satisfied and cancelled of recotd by the holders thereof at ur about the time of the recording ot this mortgage. 5. In the event the ownershi~+ of the mortgaged prennises, or any part thereof. becomes vested in a person other than ihe \iortgagor. the Mortgagee may, without nntice to the Mortgagor. deal with such successor or suc- cessors in interest with reference to this deed and the debt hereby secuced. in the same manner as with the \lort- gagor w~ithout in any way vitiating or discharging the 111ortgagor's liability heteunder or upon the debt hereby If secured. No sale of the premises heteby mortgagcd and no fotbearance on the part of the Mortgagee. and no ez- ~ tension ot the time for the payment of the debt hereby secured given by the Mortgagee shall opetate to release, y j discharge. modify. ct~ange or aifect the original liability of the Mortgagor herein either in whole or in part. k 6. The lien of this deed secures ar~d shall continue to secure payment ot said indebtedness or indebted- ~ ness. however evidenced, whether by said promissory note or any renewal or eztension thereof or substitute there- ~ (ar, or othecw~ise, until atl such indebtedness shall have been fully paid. ~ 7. /n rhe event !he mo~tgngors sell, convey o? transjer the n?o~tgaged p?emises du?ing the ~ije oj this rnort- ~ gage, then this mortgage sha[l, at the option oj the ~~lorlgagee he~ein, become imniediately due and paya6[e jor the ~ full sum oj the piincipal balance and interest then due. ~ The tenns "Mortgagor" and "4lottgagee" whenever used in this instrument shall include the heits, . ~ personal representativ~s, successors and assigns of the respective parties hereto. Wherevec used the singu!ar ti number shall include the plural and the plural the singular. and the use of any gender shall include ali gendets. ; € ~ ~ ~ Sign sealed a li re in the presencc of: (Seal) ~ ~ (Seall ~ ~ ~ . ~ ~ STATE OF FLORIDA ~ COUNTY OF ~ ss ~~3 ST. LUCIE ~ ~ Before me personally appeared pGj,E DYER St1d SH ~E,,Y~ .TEAN ~~~~y~i~ f~eL~~~lY z ~ - to me well knovm and known to me to be the individuals describeld t~~fi~rh~~a ~1~~'or ~ng i~svument, 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 afotesaid this 15th DSy of Ja y~ 1972 -r . l 1 11 : ~ ~ - L i:i ~~~1,. " s_ i I . ~ C • ~ _ : ~ June 30 1975 tvocar P„ o rida at i~ = ~ly Commission Expires: ~ y ` ~ - .o- - . - . . w _ z; c'' OitOED y ~ ` 'K• " " } ftLEO ~HD ~E~ FU. - ~ . . ; - ~~~UNTY ; ;=r S~. LUC ~TRAS - • . ~~,c~Rlc ~UtS COURT ~ ' - - itFi.r=.(' 4: , i ~ ~6 2 34 PH'~ Z 2;1,;~'7'72 0~ s ~ ~ ~ ~ ~ = ~ , _ _ : - ~ ~ . . _ . . - _ _ . _