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Home My WebLink About1085 Our file 5-23,485 iA~s mo~t~a~e ~x otAer ~nns(ti ot utle tu thc mott`ased popt~t~ tn exUn~wshment o1 the ~ndebtedne+s zecurrd hereb>, rU n~At, uile am1 ~nurest of tAe Mort~a~w ~n and to any ~nsurance puGc~es tAen ~n (orce sh~ll pass to tAe putchsser or sramee. (A) To perf~xm, comply +~~tl~ and a~~de by each and every the st~pulauuns, ~~recments, cond~UOr~s and co~en~n~v ~n sa~d prom~s:u~y note anA ~n th~x deed se~ forth. 1 That any o( s~~d sums oi muney he~e~n rcfetred to be not ~romp~lY and fu11y pa~d ~~Ih~n f~(tren daya ne~.~ •Ite~ ~ the s~me severaily becomes due and payabie,or ~f each and every the st~pulat~o~s, s~reeme~ts, con3u~ons and co~eoants of sa~d pr~m~s- ( sory nott anJ th~s deed, or e~the~, ue not (ully pe~(ormed, canDl~ed ~ritA and ab~ded by, the .a~d :~.`~re`au sum menuonrd in s~id ! prom~sswy note sAall ~ecame due aed paya~le tor[1~rr~tA w tAereafur •t the opuoo ot the Mott~a{ee ~s tully and complrtely as ~t the ~ ca~d a~sre~a~e swn of sud promissory note vras on~~nally supul~ted to be pa~d m sucA d~y. aayth~n~ m sa~d prom~ssory note or here~n ~ to the contrary notriths~sndms. 1 That in order to acceler~te tAe matunty ot the indeb!edness hereby secwed, ~ecause ot the (a~lure o[ ihe ~1o~t~a~or n, pay any iax, assessmen~, lub~6ty, obl~~ation or encumbrance upon sud ptoperty, as herein prov~ded, ~t shall not be necessary ex reQu~sue that the m~~sa~ee sAall fust pay the s~me. 2. The Mortgagee may. at his option, and without w~aiving his right to accelerate the indebtedness hereby secured and to foreclose the same, pay either before or after delinquency any or all of those certain obligations required by the terms hereof to be paid by the Nortgagot for the protection of the mortgage security or for the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the Mottgagee shall be charged into the mortgage account and become an integral pazt thereof, subject i~ all tespects to the tetms, conditions, and covenants of the a(oresaid promissory note, and this mortgage. as ~ully and to the same extent as though a part of the arigirtal iodebtedness evidenced by said note and secured by this mortgage, excepting however, that said sums shall be tepaid the Mottgagee forthwilh upon its demand and bc in addition to the regular monthly install- ments provided by the mortgage note. 3. That the abstract or absuacts of title covering the mortgaged property shall at all times. during the life of this mortgage, remain in possession oC the ~lortgagee and in event of the [oreclosure of this mortgage or other transfar of title to the mortgaged property in extinguishment of the indebtedness secured hereby. all right, titlc and ~nterest of the Mortgagor in and to any such absuacts of title shali pass to the purchaser or grantee. 4. To the extent of the indebtedness of the Mortgagor to the Mortgagee described herein or secured hereby, the 1lortgagee is hereby subrogated to the lien or liens and to the tights ot the owners and holders thereof of each and every mortgage, lien or other incumbran~e on the land described herein which is paid and.'or satis[ied, in whole or in part, out of the proceeds of the loan described herein or sectued hereby, and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each of them hereby is preserved and shall pass to and be held by the ~iortgagee herein as security for the indebtedness to the Mortgagee herein described or hereby secured, to the same eztent that it would have been preserved and would have been passed to and been hefd by the (11~~rtgagee had it been duly and regularly assigned, transfetred, set over. and delivered unto the A1ort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it being the intention of the parties hereto that the same will be satisfied and cancelled of record by the hoiders thereof at or about the time of the recordi~g of this mortgage. 5. In the event the ow~nership of the mottgaged prefnises, or any part thereof, becomes vested in a person other than the ~k~rtgagor, the ~lortgagee may, without notice to the hlortgagot, deal with such successor or suc- cessars in interest N•ith reference to this deed and the debt hereby secured. in the same manner as with the ~tort- gagor v?ithout in any way vitiating or discharging the ~lottgagor's liability hereunder or upon the debt hereby secured. No sale af the premises hereby mortgaged and no forbearance on the part•of the Mortgagee. and no ex- tension of the time [or the payment of the debt hereby secured given by the 4lortgagee shalt operate to telease, discharge, modify, change ot affect thc origina! liability of the Mortgagot herein either in whole or in part. ~ 6. The lien of this deed secutes and shal! continue to secure payment of said indebtedness or indebted- ~ ness, however evidenced, whether by said promissory note or any renewal or extension thereo[ ot substitute there- ~ for, or otherwise, unti) all such indebtedness shall have been fully paid. i 7. /n the event the mor~gagors sell, convey or transjer the mo~tgaged premises during the lije of th~s mort- ~ s gage, then rhis mortgage shall, at the option oJ the Aforlg4gee herein, become immediately due and payable jor the r Jull sum oj the principal balance and interest then due. ~ A. The terms "Mortgagor" and "~lortgagee" whenever used in this insttument shall include the hei:s, ~ personal representatives, successors and assigns of the respective parties hereto. Wherever used the singular ' number shall ~nclude the plural and the plurai the singular, and the use o! any gender shall include all genders. ~ ~ ~ ~ ~ ' Sig ed, seale d ~v n the presence of: ~ (Seal) ~ ~ (Scal) ~ ~ ~ ~ ~ } ; ~ ~ ~ STATE OF FLORIDA I ~ COUNTY OF~ j SS ' ~ ST. ~ ` ~ Before me personally appeared JOHN BOONS , 8II unmarried mSII ~ to me well knovm and known to me to be the individuals desctibed in and who executed the foregoing instrument. ~ and acknowledged before me that they executed the same fot the purposes thercin ezpcessed. WITIvESS my hand and offic~al seal in the County and State last afotesaid this 22nd Day of January, 1972 ~~:r•r _ { r,' - ~ ~1y Commission Expires: Juile 30, 1975 Notary Public, tate of Flori r e - :fz FILED d'+^ RECOROEO ST. LUCIE :.OUNTY FLA. / f~OCEr: P11TR~S ~r CLERk C~~Cl3iT COURT - RE~~~a i l:~~r'~D . t;~ FE6 3 ~0 46 ~'~t _ 22~r~1 ~o~K199 ~1084 . , , .a - - ~ - _ 4