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Home My WebLink About1513 Our File 5-23,566 ih~s m~t~ase or otAer u~nsfe~ oi iUle to ehc mon~~~ed ~rope~ty m e?un~u~shmen~ ol the ~nde~?cdness secu~ed Ae~eb>, all n~hi, uile and ~nte~est ot tAe Muci~a~a ~n ~nd to any ~nswance pohcies ~hen ~n torce sA~ll pass to tAe pwcAaaet or s~antee. lh) To pcrl xm, comply ~~th and ab~Je b~ e~.h and every tAe st~pulau.>ns, a~reemcots, cond~hoos and ~oven~nts ~n said promi~sory note anJ ~n th~. deed set torth. 1 That any o( sa~d sums of moneY hercm reterred to be not ptomptly and full)• pa~d r~th~n i~ftcen days ne~t a(ur the same sevt~ally becoenes due am1 payable,oa ~f ea:A ~nd every :he sUput~twns, a~reements, condrtions snd co~enants ut sa~d promis- scuy nute and th~s ~1eed, or euAer, •re not (uliy pcr(cxmed, compl~ed +~tA and ab~ded by, tAe sa~d as~repte sum menuoned in sa~d pr.xn~ssory note 3Aa11 become due and pa~vDle tcxtAr~[A ~x thereatur ~t tAe option o( the Murt~a~ee as fully and completcly as d the said a~sreple swn of sa~d ptom~sxo~~ aote ~vs on~~nail~• supul~ted to Dt p~~d on such day, aeyth~ns m sa~d prom~ssory note .x herein t.~ the :ontrary not~~thstandin=. ~i 1 Tha? m order to accelerate tAe matur~~y o[ the indebtedness hereby secared, because o( the failure of the \for~~a~or To pay any [a., aasecsment, I~ab~l~ty, ob1~~aUOn M encumbrance u{+on sud properly, as Aere~n prov~dtd, ~t shail nol be necesssry .x reQu~s~te that the m~rt~a~ee sh~11 (ust pay 1ht samt. 2. The Mortgagee may. at his option, and without wa~ving his right to accelerate the indebtedness hereby secured and to foreclose the same, pay either before or a[ter delinquency any or ail of those cettain obligations required by the terms hereof to be paid by the \lortgagor 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 !1lortgagee shall be charged into the mortgagc account and become an ~ntegral pact thereof, subject in all respects to the terms, conditions, and covenants ot the afwesaid promissory note, and this rnortgage, as fully and to the same extent as though a part of the originat indebtedness evidenced by said note and secured by this mortgage. excepting however, that said sums sfiall bz rtpaid the I~lortgagee fotthwith upon its demand and be in addition to the tegulaz monthly instail- m~nts provided by the morcgag~ ~ote. 3. That the abstract or abstracts of title covering the mortgaged piopetty shall at'all times, duting the liCt of th~s martgage, remain in possossion of the ~lortgagee and in event of the foreclosure oi this mortgage ot other transfrr of title to the m.~rtgaged propetty in eztinguishment of the indebtedness secured hereby, all right, titte and ~nterest of the Mortgagor ~n and to any such abstracts of title shall pass to the purchaser or gra~tee. 4. To th~ extent of the indebtedness of the Mortgagor to the Mortgagee described herein or secured hereby. the ~lortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each and every muttgage, lien or othet incumbrance on the land described herein which is paid and'or satisfied. in whole or in part, out of the ptoceeds of the loan described herein or secured hereby, and the tespective liens of said murtgages, liens or other incumbrances, shall be and the same and each of them hereby is preserved and shall pass to and be held by thr ~~ortgagee hetein as security for the indebtedness to the tilortgagee herein described or hereby securcd, to the same extent that it would have becn preserved and would have been passed to and betn held by the \tortgagee had it been duly and regufariy assigned, transfened, set over. and delivered unto the hlort- ' gagee b~ separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it be~ng the intent~on of the parti~s hereto that the same v?ill bt satisfied and cancelled of record by the holders thertuf at or about the timt of the recotding of this mortgage. 5. In the e~ent the ownership o[ the mortgaged premises, ot any part thereof, becomes vested in a person other than the ~k~rtgagor, the ~lortgagee may, w•ithout notice to the !~lortgagor, deal with such successot or suc- ~ cessors ~n intcrest Nith re(etence to this deed and the debt hereby secured, in the same manner as with the ~lort- ~ gagor w~thout ~n an} v?~ay vitiating ar discharging the \lortgagor's liability hereunder or upon the debt hereby ~ secured. tio sale of the premises hereby mortgaged and no forbearance on the patt of the Aiortgagee, and no ~x- ~ tension of thc timt for the payment of the debt hereby secured given by the Mortgagee shall opErate to release. ! dischargo, modify, change or affect the originaf liability of the ~lortgagor hetein either in whole or in part. ~ 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- ; ness, howevct evidenced, whether by said ptomissory note oc any renew•al or extension theteof or substitute there- i for, or otherwise, unt~l all such indebtedness shall have been full} paid. ~ 7. In the e~•ent the mortgagors sell, conve~• oi transJer the mortgaged p~emises during the lije oj this mo~t- ~ Rage, then t/~is mortgage sha11, at the option oJ the 1(ortgagee herein, become ~nimediately due and paya6le Jor the ~ iull sum oJ ~he principal balance and interest then due. ~ R. The terms "Mortgagor" and "tilortgagee" w~henever used in this ~nstrument shall include the heirs, ¢ 3 personal representatives, successors and assigns of the respective parties hereto. Wherever used the singulat ~ numbet shall ~nclude tht plural and the platal the s~ngular, and thc use of any gender shall include all genders. ~ ~ ~ - Si ed, seaie nd d iv red the presence of• (Seal) ~ ~ (SeaU ~ ti. t, tc L~ c~v~t~ c~ ~ STATE OF FLORIDA I COUNTY OFX~ S ~s ST. LUCIE Before mc personally appeared H. C. HOUSTON, an unmarried mc1II~ = to me well know~n and known to me to be the individuals described in and who executed the foregoing insttument, and acknowledged befote me that they ezecuted the same for the purposes therein expressed. WITNESS my hand and offic~al seal in the County and Statc last aforesaid this 27th Day of January, 1972. 3 y . • 'i S ~ t~n, . ~ ~1y Comm~ssion Ezpires: June 30 ~ 1975 Notary Public, St Orld8 8~ ~ ~ : r _ - ' " - v~. - . FiIED kW"' ?fC~ROED = ST. WC+_ .UOhTY ftR. • " R4 ~ - _ - ClE-1. _ ~ • ' ~r.URT - o~rr,~t:' ~ _ • FEB g s o4 aH ~7Z a R - ~G~199 ~~5~ = z23s3s