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Home My WebLink About0898 Our File 5-23,775 thu morl~age ur othrr tran.fe~ ul Ulle ~u the mu~t~ared property in e~unru~~hmen~ w lht ~nde~teJnesa st~wrd Ae~eby, ~11 n~A~, U~Ic and ~n~erest o( Ihe \Io~tYa~w ~n and ~o any mswance polic~es tAen ~n turce shall paas ~o ~he pu~chaser or ~rantee. (h) Tu pe~i~wm, c.rnplY wuA snd ab~de b~ each and evety tAe sUpulations, a~retments, cond~tianc and covenantx ~n said prom~ssaiy note and in ~A~. derJ set (or~A. ; ) Thal ~t ynY of ~+id sums uf monry hrrem ~eferrcd to bt not prwnptly and fully pa~d ~uh~n fdtern days next after the same ser~rr~ly becomes Jue and payaDle,or ~f each and erery tAe st~pulauons, sgreemcnts, cond~tions and covenants ot sa~d prom~s- say note and th~s deed, w e~tAer, arc not tuily per[ormed, caapi~ed w•~th anJ ab~ded Ay, ~he .a~d ag~regatr swn menuoned ~n said promusay note shall becume due amt paya~le fMthr~th cx therea(ter at tAe ophon o[ ihe \1wlga~ee as tully and completely as i( the said a~pepte sum of said prom~sswy note w~s ong~nally stipulated ~o be pa~d m such d~y, anythm~ in said ptomissoty note or here~n to tht comrary notritAstandmE. i V) That ~n order to accelentt tAt mawnty of the inJebtedness hereby secured, becwse ot ~he fa~lure of the !lfort~a~~u to pay any taa, ~sse.sment, lub~lity, obl~6ation ~x encumbraoce upon sa~d proper~y, as hcre~n provided, ~1 shall not be neres.ary or ~eQwsi~e tha~ the mwtaagee shall tust pay the same. 2. The ~lortgagee may, at his aption, and without waiving his right to accelerate the indebtedness heteby secured and to [oreclose the same, pay either before or after delinquenc~ any or all of those certain obligations required by the terms hereof to be paid by the ilortgagor far the ptotect~.:n of the martgage security or for the col- ! lection of tht indebtedness hereby secured. All sums so advanced or paid by~ the !4lcertgagee shall be charged into ~ the mortgaga account and become an integral part thereo[. subject in all respects to the terms~ conditions. a~d covenants of the aforesaid promissory nute, and this mortgagz, as fuliy and to the same extent as though a part of the original indebtedness evidenced by said noie and secured by this mortgage, excepting however. that said sums shall be repaid the 111ortgagee forthwith upon its demand and be in addition to the regular monthiy install- ments provided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged property shall at all times, during the li[e of this mortgage, temain in possession of the !1lortgagee and in event of the foreclosure of this mottgage or other transfer of title to the mortgaged property in extinguishment oC the indebtedness secured hereby, all right, title and interest of ihe ~lortgagot in and to any such abstracts of title shali pass to the putchaser or grantee. 4. To the extent of the indebtedness of the Mortgagor to the ~4artgagee described herein or secured hereby, the 1lortgagee is hereb~~ subrogated to the lien or fiens and to the rights of the owners and holders thereof of each and every mortgage, lien or other incumbrance on the land described herein which is paid and:'or satisCad, in ; whole or in part, out of the praceeds o[ the loan described herein or secured hereby. and the respective liens of ~ said mortgages, liens or other incumbrances, shall be and the same and each of them heteby is preserved and shall pass to and be held by the hiortgagee herein as security Cor the indebtedness to the \lortgagee herein described or hereby secured, to the same eatent that it v?ould have been preserved and would have been passed to and been held by the !1lortgagee had it been duly and tegularly assigned, transferred, set over, and delivered unto the Mort- { gagee by separate deed of assignment, notwithstanding the fact thai ihe 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 holders thereof at or about the time of the recording of this mortgage. 5. In the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the !1lortgagor, the ~lortgagee may, w~ithout notice to the A4ortgagor, deal with such successor or suc- cessors in interest K~ith reference to this deed and the debt hereby secured, in the same manner as with the Mort- gagor vvithout in any way vitiating or discharging the Mottgagor's liability hereunder or upon the debt hereby secured. No sale of the ptemises hereby mortgaged and no forbearance on the part of the Mortgagee, and no ex- tension of the time for the payment of the debt hereby secured given by the Nortgagee shall operate to telease, discharge, modify, change at affect the original liability of the ~lortgagot herein 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, however evidenced, whether by said prumissory note or any renewal or extension thereof or substitute there- ~ for, or otherwise, until all such indebtedness shall have been fully paid. 7. In the evenl the mortgagors sell, convey o? tiansjer the mortgaged prernises during the life of this mort- Qoge, then this mo~tgage shall, at the option oj the AIor~Ragee herein, become immediately due and payable jor the ~ JuJI sum oj the principa! balance arrd interest then due. ; 8. The terms "Mottgagor" and "Mortgagee" whenever used in thic instrument shall include the heirs, ; i personal representatives, successors and assigns of the respective parties hereto. Wherever used the singular # ~ number shall inctude the plural and the plural the singular, and the use of any gendet shall include all genders. ~ ~ ~ ~ Sig d, seaied d ed n the resence of: (Seaq : ~ ~ " 1~~~yfy ~rf_~Qi? (SeaU ~ ~ ' _ } ~ ~ ~ STATE OF FLORIDA I ^ COUNTY OF ~ ~ ~S ~ ST. LUCIE ~ Before me personally appeared CHARLIE BLOCKER and DESSIE MAE BIACKER~ his wife~ » to me well know•n and known to me to be the individuals described in and who executed the foregoing instrument, e`~ - and acknowledged before me that they executed the same for the purposes there~n exptessed. WITNESS my hand ` and official seal in the County and State last aforesaid this 24th Day of February~ 1972 - f tiJ a ~ ~ .v~ r:, June 30 1975 Florida a. '"'-a " _ ~1y Commission Expires: ~ Notary Public, ate of _ r, r l ~'y•=~: s:: A R RECQB e G! j,~n~ ` - ~~Ci~COU~~~!• ~ ' {T~:~~ r g CER P0 ~.yt! 6LERK G~~CUI; ~~~Ue~ ~ RFCbao aE~iFiE9=._._-- ~ /.t=w • ~ ~ ~G `f~ I ~ r~C O ~ 2OO PAGE V~ ' = 22519U B°°~ ; ~ n~ : _ - - - - - ~ - _ ""~`4~ _ - _ ~ ~ ~ _ , z _ z...v g _ ~ . _