HomeMy WebLinkAbout0622 ' Our File 5-23,494
tG:~ moit~aKe .~r ~ther !ranstcr ni t~tlr to ihe rr.on~agcd ,topc~t> ~n eatineu~shment Q~t indebtedne~e .t.wcd h~rehy, ~li ti~ht, t~tlt
~nd ~ntercst .~1 tAr Nort~a~or m and tu anc in.u~inrc p.~ii.~es :trn in for.e ahatl p~~s to ~he pxcAaae~ ~t 6r.n~ee. ~
~
lhl Tu pcrt.Nm, .~~cnpl~ ~itA and- rMdr Dc earh and e~-n iAe .~~puL~i v+s, a~reements, condiUons and :o~en~nts ~n sa~d prom~.~.~c~
note and ~n tR~. derd aei tmtA.
ii 1 That d any o( aa~d sums of mune> hrre~n retc~red to De nut ptompti> a~d full>' pa~d ~ ith~o f~(teen dap.~ntx~ attt~ ~
[he same se~e~aUy be.omes due and payahle, or ~f e~ch •nd eve~> the sc~pul~u~ns, •~~eements, cond~Uons and co~rnanis oi sa~d pram~s-
.nrv note and th~s Jeed, or eithe~, are not (ally pcrformed, compl~ed r~th and aDided b>', thr .aid a~~rc~ate sum menuoned ~n s~~d
prom~ssorp note shail br..xae dur and p~>~~le tath~~tl~ or thercatur at tAe ophon of iAe \iort~a=ee as tull~ and cumpletely as ~f tAe
:aid ai~rceate sum of 5]iCS D[0.:.:SS:If) TfOt[ r•as o::~ina!:y :t~pu!ated tn !~e p~~d on su.A d~y, any~hin~ m sa~d piomissory note u Aere~n
co the .on~rsr~ noi~~thstand~n`.
1 That m order to accelerate the eratunty ot tht indebtedness here~y secured, bc.ause o( the (ailurc of the \fo~t~tae..~ pa> 3m ia?,
asae~smcnt, I~rb~l~ty, obl~sat~or. or en.uaDrance upon sa~d p:opcr[y, as here~n pro~~drd, shall not be ne.es.ary ~ uQu~sur thai thc
m,.ctp~~tee chall flrst pay tl~e same.
Tht ~lortgagee may, at h~s opt~on, and without Na~ving his nght to accelerate the indebtedness hereb;
.rcured and to forcclose the same, pay e~ther beCore or after delinquency any or atL.sFthose certain obl~gat~ons
rrqwred b>• the terms heteof to be pa~d by the \lortgagot for the protection of the mc~ttgage securit~~ or fot the col-
le~t~on of the ~ndebtedness hereb~• secured. All sur.is so advanced ot pa~d b~~ the ~lottgagee shall be charged into
the mortgage account and becomc an ~ntzgrai part thereof, sub~ect in ali respects to the terms, conditions, and
c.~venants of the aforesa~d prom~ssor~ note, and this mortgage, as [ulfy and to the same exte~t as though a part
o( the or~g~nal ~ndebtedness evidenced by sa,d note and secured by this mortgage, excepting how•ever, that said
cums shaU be repaid the \lortgagee forthNith upon ~ts demand and be ~n addition to the regular monthly install-
~
ments prov~d~d by the mi~rtgage not~.
3. 'That the ahstract or absuacts of title covering the mortgaged propertp shail at al! times, during the life
~~f th~s rm~ttgage, rema~n in ~+ossesc~ori of the ~lartgagee and in event of the foreclosure of this mortgage or other
tran.fer of titie to thr mortgaged property ~n eatinguishment of the indebtedness secuted hueby, all right, title
and ~nterest of the \lortgagor in and to an~• such aDstracts of title shall pass to the purchaser or grantee.
4. To the extent of the indebtedness of the 4lortgagor to ihe ~iottgagee described herein or secuted heteby,
the \lortgagee ~s hereb~~ suhrogated to the lien or l~en~ and to the nghts of the owners and holders thereof of each
and zven• mortgage. lien ~~r other incumbrance on the land described herein w~hich is paid and or satisfied, ~n
whole or ~n part, out of the proceeds of the loan described herein ot secwed hereb~~, and the respective liens of
sai3 mortgages_ liens or other incumbrances, shall bz an~i the same and each of them hereb~• is preserved and shall
pa~s to and be held b~~ the titortgagee here~n as security fot the indebtedness to the ~lortgagee herein described
or herebv secured, to the samt extent that it would ha~•e been preserved and w~uld have been passed to and been
held b~ the ~lortgagee had ~t been dul~• and regulatl~• ass~gned, transfened, set over, and delivered unto the ~1ott-
gagee b~ sepatate derd of ass~gnment, notwithstand~ng the fact that the same may be sat~sfied and canetlled of
record, ~t besng the intenuon of the parties hereto that the same will be satisfied and cancelled of recotd by the
holders thereof at ~r about the time of the recarding of th~s mortgage. _
ln thr event the ownersh~p of the mortgaged ~+remises, or an~• part thereof. becanes vested ~n a person ~
other than the \lortgagor, the \tottgagee ma~. Nithout notice to the tilortgagor, deal with such successot ot ~uc- ~
ce~sors ~n ~ntzretit Nith referersce to th~s deed and the debt h~rebp secured, ~n the same manner as w~ith the \lort-
j gagor w~thout ~n am way v~uaung or discharg~ng th~ ~tottgagor's I~ability hercunder or upon the debt herebt~
secured. No sale of the premises hereb~~ mortgaged and no forbearance on_the part of the ~lortgagee, and no ex-
tension of the time (or the payment of the debt hereby secured given by the ~lortgagee shall operate to•release,
~ discharge, modify. change or affect the onginal Gability of the ~lortgagot herein eithtr in whole or in part. _
; 6. The I~en of th~s deed secures and shail conhnue to secure payment of said indebtedness ur indebted- '
~ ness, however evidenced, w•hether by said pr~m:sson~ note or am• reneWal or ~xtens~on theteof or substitute there- ~
- for, ~~r otherw~se. umil all such indebtedness shall ha~•e been fully paid. ~
; 7. In the Prent the mort~ago?s sell, com•ey or t?ansJer the mortgaged premises during the life of this rriort- _
xage. rhen this mo.?tgage shall, at the nption of the tfortRngee herean, become inimediately due and paynble Jo~ the ~
full sum ol the p?cnc~pa[ balance and interest then due. '
~ S. The terms "~lertgagor" and "!~lortgagee" Mhenevcr used in this instrument shall ~nclude ihe heirs,
G~ per~onal representat~~•es. successors and assigns of the respecuve parties hereto. w~ere~er used the singuiat '
~ ;
~ number shall ~nclude the plural and the piural the singular. and the use of any gender shall include all genders_
~
f
~
~ ~ ~ ~
gned, seale and d 1~~~ ed the presence of: L-i` (Seal)
~
1
~ (Seal)
~
~
r~ , -
~
~ STATF OF FLORIDA I .
COU:'~TY OF~~i ( ss
~ ST. LUCIE ~
- Beiore me personall> appeared KING DAVID JONES and NANCY L. JONES ~ his wife~
t~ me w~ell knowr and known to me to be the indiv~duals desctibed in and who executed the foregoing instrument,
and acknoNledged before me that the}• executed the same for the purposes therein expressed. WITNESS my hand
" and official seal in t~e Count~~ and State fast aioresa~d th~s 20th Day of January~ 1972
; Y;l,~~`
;y
_ ,a; . .
~ - ` G
= ~1y Ccxnm~ss~on Expcres: Juile 30 , 1975 !Votary Public, State of a e'^•
J.; ~ _
f~LEV+~~~' J~p1Y fLA : .
: ST '-~AS
~ ~,_t ~R ...~il ~C1tRT n~_(r~
' ~ ~ ~ . - . ; ' • ..~~r~' - .
~ a q 3ue~'~Z .
~ ~ , o ~ 1~9 ~ 6~
2,~z9S9 so~~
. : . .
-
. -
g:= _ -