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Home My WebLink About2953 Our File 5-23,960 thi. mu~i~tagr ~w .~chrr tran.~r~ ut t~~lr tu ~he mo~tKa~trd popr~~) ~o eu~ngu~.hv:rnt ai thr :ndrb~rd~es~ .r.wrd hrtr~>, all c~ght, utle and ~ntero.~ ul ~he \foi~~a~or m..nd ~u anv ~nsw~n.r pol~c~es ~hen ~n f..rre .h~ll p~.. u~ ~hr putiha.rr u~ gran~rr. (h) Tu prrt.wm, ~.wnpl> ~~Ih rnd ah~1t h~ crcA rnil .~ery ~At ct~pulau.~n~, a~trtmen!., ~ond~~~on. ~nJ ro~anan~. ~n ~aid piom~.~ury notc and m thi. drr.1 .rt ~ur~h. 1 That ~i any of .r~d ~um. ~t monr> hrrt~n rcirrrod tu bc no~ pr.~mptl) and (ull) pa~d y ith~n I~ttrrn dr>'. ntv atter ~he s~me .rverally Ae~omes Juc and payaAle,~K d ra~A and c~e~> the .~~pulauuna, aRcremrn~., .~~nd~tmn. anJ cn~rnants o( rw~d prwn~s- say note and th~s dccd, ur e~thcr, are ~ut (ully performrd, cumpl~td wit~ and abided bY, ~he .a~d aggrcgatr sum mrnuonrd m s~~u pran~ss~> note shali becomc due anJ payable (cxthw~tA ur the~rafter at tAe opuon uf ~he \tu~tgagrt as (uUy rnd complrtrly ac ~f the .a~d ag~rc~ate sum of sa~d prom~..wy nott ~•aa or~~~n~ll)' cupulated to be paid on .uch day. rnytA~nR m sa~d ptom~swry note ar hero~n t~~ ~he .cx~tr~ry notr~thstand~nE. l~ 1 That in order to ~ccelerate the metunty of the ~ndcDirdnt.~ htrchy .rcurrd, be~ause u( ~he fa~lure o( the \1o~tg~g.~r ~u pay any ta~, asst~sment, I~aA~l~t), ~~I~gahon or an.umbr~nce upe.n .a~d propr~ty, a+ herc:n pru~~Jtd, ~t tihell not be nt:t>~ary ~x feqwcitt tha~ tht mor~Eagte +hall i~r.~ pay tht srme. The \tortgagee ma~•, at his option, and w~ithout wa~vir.g hi~ r~ght to accelerate the indebtedness heteby secured anJ tu Corecluse tht same, pa~• either before ur after delinquenc~• any ar all of those certain obligations tequired by thr terms htrea( to be paid by the \1~rtgagur for the protection of the mr~rtgage security or for the col- lertion of the indebtedness hereby secured. All sums so ad.•anced ot paid b}~ the ~tortgagee shall be chatged into 2 the mortgage account a~~l become an ~ntegral .part therec?f, cubject in all respects to the terms, conditions, and ~ cuvenants ot- the aforesaid prumissury ni~te, and this mortgage, as fully and to the same extent as though a part ~ of the ong~nal indebtedness ev~denced by said ne~te and secured b~ this mottgage, excepting how•ever, that said s sums shall be repa~J th~ ~lortgagee forth~vith upon its demand and be in addition to the regular monthly 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 liCe ~ of this mortgage, remain in p~~ssession of the \lortgag~e and in event uf the foreclosure of this mortgage or other transfer uf utle t~~ the mortgaged property in extinguishment of the indebtedness secuted hereby. all right, title and mtere~t of the ~turtgagor in and to any such abstracts of title shall pass to the purchaser or grantee. 4. To the extent of the indebtedness of thr ~lortgagor to the \lortgagee described herein or secured hereby. the ~lortgagee is hereb~• subrogated to the lien or liens and to the rights of the ow•ners and holders thereof of each and every rtx~rtgage, lien or other incumbrance on the land desctibed herein w•hich is paid and'or satisfied, in w~hole ar in part, aut of the proceeds of the loan described herein or secured hereby, and the respective {iens of said mortgages, liens or other ~ncumbrances, shall be and the same and each of them hereby is pteserved and shall pass to and he held by the \lortgagee herein as szcurity for the indebtedness to the \lortgagee herein described or hereh~• secured. t~? the same extent that it K~ould have been preserved and would have been passed to and been held b} the \1or.gagee had it been duly and regularly assigned, transfened, set over, and delivered unto the hlort- gagee b~~ separate deed of aticignment, notwithstanding the fact that the same may be satisfied and cancelled of ~ c record, it b~~ng the ~ntention uf the parties heretu that the same w~ill be satisfied and cancelled of record by the i holders thereof at or about the time of the recording of this mortgage. 5. In the event the ownership of the murtgaged premises, or any part thereof, becomes vested in a person - other than the \k~rtgagor, t~e \lortgagee may, w~ithout nMice to the ~lottgagor, deal with such successor or suc- cessors ~n interest with reference to this deed and the debt hereby secured, in the same manner as with the \tort- gagor Kithout in an}• Ha~ vit~ating or discharging the \tortgagor's liability hereunder or upon the debt hereby secured. No sale ~~f the premises hereby mortgaged and no forbearance on the part of the ~bttgagee, and no ex- tension of the time for the payment of the debt hereby secured given by the \lortgagee shall operate to release, discharge, modify, change or affect the orig~nal liability of the ~lortgagor herein either in whole or in part. 6. The I~en af this deed secures and shall continae ta secure payment of said indebtedness or indebted- ~ ness, however evidenced, w~hether by said promissory note or any renewal or extension thereof or substitute there- for, or otherw~se, unt~l all such indebtedness shall have been fully paid. ~ 7. /n thc cven~ [he mortRaRo?s sell, com~ey or hans(er the morl~qaged premises during the Jije oJ this morl- i QaRe. rhen this mor~RoRe shafl. al the optio~ of the .11o?txaXee he.ein, 6ecome rmmediately due and payable jor ~he t fu!/ sum oj !he principa! balarice and interest then di~e_ ; 8. The terms "1lortgagor" and "4lortgagee" whene~•er used in this instrument shall include the heirs, - ~ personal representatives, successors and assigns of the respective 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 genders. ~ ~ ~ ~ S ned, seal a ice d ~n the presence of: (SeaU ~ ; . ~ , ' ~J o ~ ~ , c ; ` .i~ ' ~ ~ C , ~ ;~t~~~ , ~ STATE OF FLOR(DA I ~ ~ COl'NTY OF 1 ~ ST. LU~IE _ Before me personally ap~eared HAROLD NEWI.AND HINTON and GLORIA SN~$LEY , T~iINTON ~ 1S Wl e ~ to me uell known and known to me to be the individuals described in and who executed the foregoing instrument, ~ and acknow•ledged before me that they exec~ted the same for the purposes there~n expressed. WITNESS my hand and ~fficial seal in the ('ount~ and State last afore~aid this 23rd Day of Mareh~ 1972 i ~ t~J' 2 . • ~ - ~ June 30 1975 ' ~ty Cumm~ss~on Expires: ~ Notary Publ~c, State of FlOrlda g@ • y ; ~ , = FIlEO ANO RECOROEO , ; ; • , . : ~ _ ~ ST.IUCIE COUNTY FIA. - . _ . . ROCER ?OITRAS ~ - - - CIERR C1~CUIT COURT - - tIfCORD VER~FlED~ ~b - r: : ~ u i ~ : ArR ~ 911 aM'~Z ~ ~V 226636 B°~~ ~ : ~ _ - _ ; : ~ F~ ~ - I ~ ~ ~ ~ r f2 ,f _ ~ ~ ~ _ - _