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Home My WebLink About0576 . . . . ~ Our File 5-23,991 ~ tA~s ma~~~{e .r .~iher uansle~ a( Wle w ~he mwt~~~ed poper~~ ~a e~unswsMaeat u~ tAe ~ndcbtedness stcwed Aaeb). ~11 n~h~, htle am1 ~n~e~eft o( tAe \Iw~~~~.x ~n and ~o any ~nswance pul~c~es ihen ~n (o~re sA~ll pass ~o ~Ae pwcAaac~ a~rsmee. lh) To pe~t~xm. .umpl) ~~tA •nd ab~de by eacA and every tAe •t~pulauons. ~~ree~ents. con~f~l~unc and covenant~ ~n said prom~sao~y note ~m! ~n ih~. derd ~e~ fatA, i 1 Tha~ sey o( sa~d swes uf nwneY Aere~o reterrcd ~o be not prwaptlY and (ullY pa~d ~uh~n hfleen daYs nexl attcr ~ tht sarot sevetally becomes Jue snd DaY~h~e,a ~f ea~h and every the st~pula~~oas, a~reestnts, coewi~hons and covenants o( sa~d ptam~a- say nott and th~s deed, or euher, are not (u11Y P~rforesed. coa~pl~ed wuA and ab~ded by, tAe satd auresa~s suie senl~a?ed ~a ssid - prom~ssw~ note shall becase due and paYable tortA~~tA a thereattet ~t U~e cquoa ot the Nat~a~ee ~s fully aad cospletely ss it the said a~~repte sue ot said prom~s~o+y note ~as onpnallY supulated to be ps~d on sucA d~y, aaYth~o~ ~n said promissory note or Aercin to tht comruy not+~~hstandin~. ) That ~n orde~ to acceler~te ~he matunty ot the indebtedness Aereby cecured, becaust o( the fa~lure ot tAe ~1o~t~a~a to pay any 1aa, asse.sment, Iiab~Gty, obhption M rnrumbrance upon sa~d propertY, as he~e~n prov~ded, ~t shsll not be neces~ary a reQuisi~e that 1he ma~aasee shall tu~t pay the same. • 2. The ~lortgagee may, at his option. and without waiving his right to accelerate the indebtedness hereby secured and to foreclose the same, pay either bel'ore or after delinquency any or all of those certain obligations required by the terms hereof to be paid by the ~lortgagor far the protection of the mottgage security or for the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the Alortgagee shail be char~ed into the mortgage account and become an integral. part thereof. subject in all respects to the terms. conditions. and covenants of the aforesaid pramissory note, and this mortgage. as fully and to the same extent as though a part of the origin~l indebtedness evidenced by saiJ note and secuted by this mottgage, excepting howevet. that said sums shail be repaid the Alortgagee fort6with upon its demand and be in addition to the regular monthly install- ments provided by the mortgage note. 3. Thst the abstract or abstracts of title covering the mortgaged property shall at all times. durin6 the life of this mortgage, remain in possession of the Mortgagee and in event ot the [oreclosure of this mortgage or other t~ansfzr of title to the mortgaged propetty in extin6uishment of the indebtedness secured hereby, ati ri~ht. title and interest of the Nurtgagor in and to any such abstracts of title shall pass to the purchaser or grantee. • 4. To the extent of the indebtedness of the Mottgagor to the Alortgaaee described herein or secuced hereby, the ~tortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders theteof of each and every mortgage, lien or other incumbrance on the Iand described herein which is paid and!or satisCed, in whole or in part, out of the proceeds of the loan described herein ot secuted hereby, and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each of them hereby is pteserved aad shall pass to and be held by the ~lortgagee herein as security for the indebtedness to the Mortgagee herein described or hereby secured, to the same extent that it would have been preserved and would have been passed.to and been held by the !1lortgagee had it been duly and regularly assigned, trans[ened, set over, and deliveted uato the Mort- gagee by separate deed of assignment. notwithstanding the fact that the same may be satis(ied and cancelled of record. it being the ~ntention ot the parties hereto that the same wiU be satisfied and cancelled of record by the holders thereoP at or about the time o[ 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 !Nortgagor. the ~lortgagee may, without notice to the Mortgagor. deal with such successor or suc- cessors in interest N~ith reference to this deed and the debt hereby secured, in the same manner as wit6 the Mort- gagor. without in any way vitiating or discharging the Mortgagot's liability heteunder or upon the debt hereby secured. No sale oC the premises hereby mortgaged and no forbesrance on the part of the Mortgagee, and no ea- tension of the time Cor the payment of the debt hereby secured given by the Mortgagee shall operate to release, discharge. modi[y, change or affect the originat liability of the Mortgagor herein either in whole ot 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 promissory note or any renewal or extension thereoC or substitute there- for, or otherwise, until all such indebtedness shall have been [ully paid. 7. /n the event the mort agors seU, convey or t~ansjer the mo~tgaged premises during the li je oj this inort• i R ~ gage, then this mortgage shatl, at the oplion oJ the Afortgagee herein, 6ecome immediately due and payable Jor rhe Jull sum oJ the principal balonce and interest then due. . 8. The tem~s "Mortgagor" and "Morigagee" whenever 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. Si ed, sealed d liv ed - the pres of: ~ (Seal) (Seal) . STATE OF FLORIDA I ~ COUNTY OFXIYI~I~ ss ST. LUCIE ~ EVANS Before me personally appeated CAROLYN POSEY ~ formerly known 88 CAROLYN ~ to me well know~n and known to me to be the individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand . ; s;' - and official seal in the County and State last aforesaid this 25t~t DSy of Mareh~ 1972 ' - ,t .ts-,>~ `~`~tit:H~~ri,e~iq ' • '1 y Q l ^~i~~~ . rq': i r . ~ = t-__ ~ty Cixnmission Expires: JuRe 3 1975 Wotary Public, State of Florida 8~'?. . ~:1~- fILEO ANO itECORDEO , - . ST. LUCIE COUNTY fLA. ` ~a; : ' = ~ °'Y . ~..~a,y~ , ItOCER P01?RAS ' ~ CIERK CIRCUIT COURT ' RECORO VERIFIEO.~...~••~ ~ ] 4 09 PM'it zz~os2 g~201 ~ 575 _ _ - a.. , ,s~~ r y - ; - . - ~ = ' ~ r