HomeMy WebLinkAbout0750 Our File 5-23,503
it:~s muit~rKr othcr ~ran,lei u( ~ule w thr mo~t~a~ed proprrt~ ~n e~un~u~~ha~ent u~ the ~ndeAtelne~. se.u~c1 herc!+., aii :~`hi, !~cie
end ~nte~e.l ui the M~utia~~u m and to any insu~~n.c pul~cies thrn in force sMll paas to the putcAastt ~x ~~entee.
lhl Tu pr:l..+m. iumplY ~'~tA snd ab~dc b) eaiA and erery tAe .t~pulations. •~reements, conJ~hon. rnd io~enam. ~n .a~d pr.~m~..~~r>
nu~e •nd ~n thi. decJ sct fortA,
1 That ~t any u( sa~d sums u( mune~ Rere~n referted to bc nut pr.~mptl) and (ully pa~d ~~th~n f~(teen dr~. nc~t atter
tAe same .ercraUy becomes due and p~yaAle,w ~f ea.A ~nd ever~ the st~pul~twos, a~rcements, conJit~onc and cu~enants o~ ,a~d p~~xn~.-
~~xy note and tA~s dted, ur euhe~, •re not tully per(ormcd, compl~ed ~ith and ab~ded by, the .a~~f aY~reg~~e sum menuo~ed in seid
Mwnissory note shall beceme due and payeble (orth~~tA w therca(ter at the opt~on ot the ~lur~~atee fully rnd completely as ~f the
.a~d s~~te~ate ~um of sa~J p~om~s+wy note ~r~s on~~nal:Y supulated tu be pud oo sucA d~y, an~th~n~ ~n sa~J prom~ssut~ nu~e or here~n
to the .untrary not~~thstandm~.
V 1 That ~n order tu acceler~te tAe matunty uf the ~ndel+tedness Aeteby secure3, beuuse u( the ta~lure ot the \tu~t~ea~~~r i;~ pa> ~m e~~,
•sst.smcnt, Iub~Lty, obl~~at~on c.r encumbrance upon sa~d property, as Aerc~n prov~ded, it shalt not bc ne:es.ary .x ~c~wsiie thae ~h~
mu~t~a`te shail fust pay tht samt.
The ~lortgagee may. at his optio~, and without wa~ving h~s right to accelerate the indebtedness htreb>
,ecured and to [orecluse the same, pay either before ot after delinquency any ot all of those cetta~n obligat~ons
requ~red by the terms heteof to be paid by the ~lartgagor (or the protection of the mortgage securit~• or for ehe col-
lect~un of the ~ndebtedness hereby secured. All sums sa advanced or pa~d b}• the ~lortgagee shall be charged ~nto
the mortgage accoun~ and become an ~ntegral patt thereof, subject in all respects to the terms, conditiuns, and
covenants of the aforcsaid promissory note, and th~s mortgage, as fully and to the same extent as though a part
of the ong~nal indebted~ess evidenced by said note and secured by this mortgage, excepting huv?~ever, that ~aid -
sums shaU be repa~d the !~1ot~gagee forthw~ith upon its demand and be in addition to the cegulat monthly install-
ment~ provided by the mottgage note.
3. That the ahstract or absuacts of title covering the mortgaged propetty shall at atl times, during the I~fe
~~f thi~ mortgage, remain in pos~ession of the ~lortgagee and in event of the foreclosure of this mortgage or other
tran+ftr of title ta the mottgaged property in eztingueshment of the indebtedness secuted hereby, all right, titie
and mterest of the ~lortgagor in and to any such absttacts of titie shall pass to the purchaser ot grantee.
4. To the extent af the ~ndebtedness of tht Mortgagot to the rlortgagee described herein or secured hereby,
the \lortgagee is hereby subrogated to thz lien or liens and to the rights of the ow~ners and holders thereof af each
and every m~rtgage. I~en or other ~ncumbrance on the land described herein w•hich is paid and or satisfied. in
N'f10IC or in pan, out of the proceeds of the loan described hertin or secured hereby, and the respective liens of
~aid mortgages, liens or other incumbrances; shall be and the same and each o! them hereb~ is preserved and shall
pass to and be held by~ the ~iortgagee here~n as security for the indebtedness to the Mortgagee herein described f
or hereb~~ ~ecured, to thz same rxtent that it v?~ould have been preserved and would have been passed to and been ~
, held by the \tortgager had it been duly and regularly assig~ed, transferred, set over. and d~livered unto the ~1ort-
gagee b~ separate deed of ass~gnment, notwithstanding the fact that the same may be satisfied and cancelled of
record, it be~ng the intent~on ~~f the parties hereta that the same w•ill be satisfied and cancelled of record by the
halders thereuf at ~~r about the ume of the racording of this mortgage.
S. In the e~-ent the ownership of the mortgaged premises, or any part thertof, becomes vested ~n a person
uther than the ~lurtgagor, the ~lortgagee may, w~ithout ni~tice to the ~lortgagor, deal with such successor or suc-
ressors in interest Kith referenre to th~s deed and the debt hercby secured, in the same manner as with the ~1ort-
gagor Nithout ~n an~• Nay vitiaung or discharging the \lortgagor's Gability hereunder or upon the debt hereb~•
; secured. No sale uf the premi~es hereby mortgaged and no forbearance on the part of the 4lortgag~e, and no ex-
~ tensian oC the ume for the payment of the debt hereby secured giv~n by the Nortgagee shall operate to releasa, ;
~ discharge, modify, change or affect the original liability of the ~lortgagor herein eithec in whole or in part. ~
~ b. The lien of this detd secures and shall continue to secure payment of said indebtedness or indebted- ;
9 ness, hov?ever ev~denced, w~hether b}• said promissorp note or any renewal or eatensi~n thereof or substitute there- ~
for, Uf Ol~1CIMISC, unUl ali such inJrbtedneas shatl ha~•e been fully paiJ. ;
4 7. /n the even~ the mortgagors sell, com•ey o? t?ansjer the mortgaged premises during the life oJ this mort-
~ ,~uke, then th~s mortgage shall, at the op?ion oJ the Sforrgagee herein, became ~mmediacely due arrd payable jor the
; jull sum of the prenc~pal t~nlance and interest then due.
8. The terms "~lortgagor" and "~lortgagee" w~henever used ~n this insttument shall include the he~rs,
~ per.onal representauves, successors and assigns of the respective parties hercto. w7~crever used the singular
~ number shall include the plural and the plutal the s~ngular, and the use of any gender shall include all genders.
~ ~-I~
~ Si ed, .ealed and deli er d ~n the presen f: /t i_ ~(~-~t-~~~"'~ (Seal)
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~ (Seal)
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STATE OF FLORIDA I
~ CnI:NTY OF ~2~C j
~ ST. LUCIE ~
BeCore me pers~inally appeared $ARL~IH E, ROBERTS, gi1 unmarried WOmSt1
to me well known and known to me to be the iadividuals descnbed ~n and who executed the foregaing instrument,
and acknowled~ed before me that they executed the same for the purposes therein expressed. WITNESS my~ hand
:~nd offic~al seal ?n the Count~ and State last afotesa~d this 22nd Day of January, 1)72 ~~,r,,,
+s i ~ ~
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~1y ('~~mmiss~on E:xp~res: JuRe 30, 1975 N~tary Publ~c, State o orid$ `s ~s;
2;~300~J ~ _ .
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FIIED eM , kECJRDED ~
ST.IUCII ~JUNTT F~A.
- RO~~~. r:.iTRAS .
ClE9R C' :,~iT CuURT rn[
RECnat'. . :p
- ~A~I 3~ II 43 AM'~1 acoK~y~ r.~r.f '~~g
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