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Home My WebLink About1510 Our file 5-23,577 th~s mo~~~ate ~x other Uansfe~ of htle to the mottgaied propert~ m eiun~u~sAment o~ tht ~ndebtedness secwcd Re~eby, al! n~~t, ~~~It atKi ~ntercst o( the A1ott~aa~x ~n ~nd to any ~nsutan.e pul~c~es then in force sMll pass to tAt putcMser w~ranlee. (A1 To peri~vm, complY v~tA ~nd abide by each snd every t~e si~pula~ions, a~ceements, cond~tions and covenan~s ca~d prom~.sory note and in th~y deed se~ forU+. That any o( s~id swna o( money Ae~em referred to be not ptomptly and fully pa~d ruhin htteen days neat atur tRe same severally becoaies due and payabte,a ~t tach and erery tht st~pul~t~ons, a~reements, cond~t~ons and covenants oi sa~d proenis- sory note and th~s deed, or e~tAer, •re not fully per(ormed, compl?ed ~a~th and a~~ded by, the sa~d a~s~e~su smn menuoned m said prum~ssay note shali becane due and pariele (ortAW~~h or thertaRer at the opUOn o[ the Nort~a~ee ~s (uily and completely ac ~f tAe s~id a~~repte aum o( sa~d prom~ssory eote ~~s on~msily st~pulated to be pud on sucA d~y, anytA~n~ m sa~d pran~ssory note or l+ere~~ ro ~he contrary not~~ithstand~n~. . Q) Tha~ m order to acceler~te the matunty ot tAe mdebtedness hereby secwed, because o( the (a~lure of ~Re \1at~a~~r ~o pay any ~a~. assessment, l~~b~6ty, obli~~uon or encumDunce upon said property, as herem prov~ded, it shall not be necessary ur eeQwsite that the aortsa~ee shsli t~rst pay the same. 2. The Mottgagee may. at his option, and without waiving his right to accelerate the indebtedness hereby secured and to foreclose the same, pay either before or after delinquency any or ali of thosa certain obligations reqwred by the terms hereof to bc paid by the !1lortgagor 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 Mortgagee shall be charged into the martgage account and become a~ integral part thereof, subject in ali respects to the tetms, conditions, and covznants oG the aforesaid promissury note. and this mortgage. as fully and to the same extent as though a part of the ori6inal 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 pcovided by the mortgage note. 3. That the abstract or absuacts of title covering the mortgaged property shall at all times. during the liCe of this mortgage, remain in possession of the \lortgagee and in event of the foreclosuce of this mottgage or other transfer oC title to the mortgaged property in extinguishment of the indebtedness secured hereby, all right, title and interest of the ~lortgagor in and to any such abstracts of titlt shall pass to the purchasec or grantee. 4. To the extent of the indebtedness of the ~fortgagor to the Nortgagee described herein or secured hereby, the hlortgagee is hereby subrogated to the lien or liens and to the rights of the owners and hoiders thereof of each and every mortgage, lien or other incumbrance on the land deseribed herein which is paid and~or satisfied, in whole or in part, out of the proceeds of the loan described herein or secured hereby, and the respective liens of said mortgages, licns or othor incumbrances, shall be and the same and each of them hereby is preserved and shall pass to and t?e held by the ~lortgagee herein as secutity fot thc indebtedness to the tilortgagee herein described or hereby secuted, to the same extent that it would have been pteserved and would have been passed to and been held by the ~lortgagee had it been duly and regularly assigned, transfened, set over. and delivered unto the Mort- gagee by separate deed of assignment, notwithstanding the fact that the samt may be satisfied and cancelled of record, it being the intention of the patties hereto that the same will be satisfied and cancefled of recotd by the holders thereof at or about the time of lhe recording of this mortgage. 5. In the event the ownership of the mortgaged premises, ot any part thereof, becomes vested in a person other ihan the !1lottgagor, thc \iottgagee may, without notice to the !~lortgagor, deal with such successot ot suc- cessors in interest Kith reference to this deed and the debt hereby secured, in the same manner as with the ~1ort- ' gagot without in an}• way vitiating or dischatging the ~lottgagot's liability heteunder ot upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbeata~ce on the part of the Mortgagee, and no ex- ~ tension of the time for the payment of the debt heteby secured given by the Mottgagee shatl operate to release, j discharge. modify, change or affect the original liability of thc Rlortgagor herein eithec in whole or in part. ~ 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- t ness, howevet evidenced, whether by said ptomissory note or any reneviral or extension theteo[ or substitute there- ~ for, or otherwise, unt~l all such indebtedness shall have becn fully paid. ( 7. /n ~he e~•ent the mortgago?s sell, convey or transJer the mortgaged premises duiing the liJe oj this mort- } gage. then this mortgage shall, af the option o/ the ~fortgagee herein, 6ecome i~nedia~ely due and pay461e Jor the ~ fulJ sum oJ the pr~ncipal Iwlance and interest then due. ~ 8. The terms "I1lottgagor" ar~d "Mortgagee" whenever used in this instrument shall include the heirs, ~ personal representatives, successors and assigns of the tespective parties hereto. Wherever used the singular number shall include the plural and the plural the singular, and the use of any gender shall include all gendets. S k ~ ~ ~ Sign , sealed d iv ed i the presence of: (Seal) ~j i ~ LtL - i~~'(~~~ (SeaU ~ ~ ~ f,a.[.~ _rtc.L~ ~ ~ ~ STATE OF FLORIDA I ~ COUNT STF LUCIE ) SS ~ Before me personally appeared LUTHER L. MULLINS atld MINNIE A. MULLINS ~ his wife ~ ~ to me well knovm and known to me to be the individuals described in and who executed the foregoing insvument, ~ and acknowledged befote me that they executed the same for the purposes thetein exptessed. WITNESS my hand ~ ' and official seal in the County and State last afotesaid this 29t11 D8y of January~ 1972 , „ ~ C 4, f'. , l ~ ' ~ty Commission Expires: Jut~e 30, 1975 Notary Public, State of Flor e' ~ - `a - ~ FILEO ati^ RECaRDEO = r3~' ~ _ ST. LUC~i UN1Y FLA. ~ : -:r' P.G~~ '~AS % , - • ° Ci~?r. .;tlT C4URT~~. ~'';~;jy~,^. qcr~r~~ - n FEe 9 9 0o AH '11 o R = 8~~~~99 F~1509 ~ ~ 2 c,3535 - . . - ; ~ : - ; -