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Home My WebLink About1320 • ~ . . ~ pur file 5-24,299 th~s mat~~~e o~ otAe~ tans(e~ ot utle tu ~he mort~a`ed proper~y ~n ext~n~u~sAmen~ ul tAe ~ndeAtedness .r•rcured he~eby, aU n~ht, tule and interest ot the Mort~~~w m+nd to any ~nswance pulic~es IAen in force shsll pass ~o tAe purchaser m~r~n~ee. (A) To pertam, coenply ~r~tA and ab~de by each and every tAe supulat~ons, s~reements, cood~tiun. rnd coveornts ~n s~~d ptom~saary notc and in chis Csed set (ortA. (i ) That it ~ny of aaid sums o( money Aere~~ re(errcd to be not promplly ~od fully pa~d w'Uhm hftrrn days oext a(ter ~he saae sere~dly becomes due and payable, at i( each and erery the stipulat~ons, ai«<~~^~s, cond~hons and covenants o( sa~d prom~s- sory note and tAis deed, or t~the~, are no1 fully perfamed, camplied ~rith and ab~ded by, ~he .a~d aESrega~e sum menuooed in said praniasoty aote sR~ll becomt due and payable tathrith ot Ihereafte~ at tAe op~ion o[ the Atwtra~re ss fully and completelY ac if thr said a~~te~ate aum of said ptom~cswy note rr~s on~~nally atipulated to be paid on cuch d~y, anythinj m said p~omisso~Y note or I~ere~o to the contrsry eotrrithst~nd~nj. 1 That ie otder to atctler~tt the matu~uy o( the indebtedness hereby secuted, because ut the fa~lure o[ the !Nw~sa~or ta paY ~~Y ~ax. assessment, liab~lity, oblisat~on ~x rncumbrance upon sa~d p~operty, as herein prov~ded, ~t shall not be neces.ary or requ~site tAat the mortsa~ee sAall tirst pay the same. 2. The !Nortgagee may, at his option. and•without waiving his right to accelerate the indebtedness hereby secured and to [oreclose the same, pay either before or aftet delinquency any or all of those certain obligations required by the terms hereof to be paid by the Mottgagot for the protection of the mc~rtgage securi~y or fot the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the !~lortgagee shall be charged into the mortgage account anJ become an integtal part ihereof. subject in all respects to the terms, conditions. and covenants of the a[oresaid pmmissory note, and this mortgage, as fully and to the same extent as though a part of the ori`inal indebtedness evidenced by said note and secured by this mortgage, excepting however. that said sums shall be repaid the ~lortgagee forthwith upon its demand aad ba in addition to the cegular monthly install- ments provided by the mortgage note. 3. That the abstract or absuacts of title covering the mortgaged property shall at all times. during the li[e of this motigage, remain in possession of the hlortgagee and in event of the foreclosure of this mortgage or other trans[er of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all right, title and interest of the A~ortgagor in and to any such abstracts of title shall pass to the putchaser or grantee. 4. To the extent of the indebtedness of the Mortgagot to the Mottgagee desctibed herein or secured hereby. the Mortgageo is hereby subrogated to the lien or liens and to the rights of the owners and holdecs thereof o1 tach and every mortgage, lien or other incumbrance on the land described herein .which is paid and!or satisfied, in whole a in part, out of the praceeds of the loan described herein ot secured hereby, and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each o[ them hereby is preserved and shall pass to and be held by the ~tortgagee herein as security for the indebtedness to the Mortgagee herein described or hereby secuced, to the same exteni that it would have been presenred and would have been passed to and been held by the AMrt6agee 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 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 mortga6ed ptemises, or any part thereof, becomes vested in a person other than the !Nortgagor, the \tortgagee may, without notice to the Mortgagor, deal with such successor or suc- cessors in interest w'ith teference to this deed and the debt hereby secuted, in the same manner as with the htort- gagor without in any way vitiating or discharging the Mortgagor's Jiability hereunder or upon the debt heteby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the Mortgagee, and no ea- tension o[ the time for the payment of the debt hereby secured given by the Nortgagee shall operate to release. discharge. modiCy, change or affect the original liability of the Mortgagor herein either in whole or in part. 6. The lien of this deed secures and shall continue to secure payment o[ said indebtedness or indebted- I ness, however evidenced, whether by said promissory note or any renewal or eatension thereof or substitute there- ( for. or otherwise, until all such indebtedness shall have been [ully paid. ~ 7. In ~he even~ the mortgagors se!!, convey or t~ansJer the mortg4ged prencises during the lije oj this mort- ~ gage, then this mortgage shall, at the option oJ the Ator~gagee herein, become immediately due and payable jor the jull sum oJ the piincipal 6alance and interest then due. ~ 8. The te~ms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs. personal representatives. successors and assigns of the respective parties hereto. Wherever used the singular number shal! include the plural and the plural the singular. and the use of any gender shall include all genders. Sign d, sealed d iv in the r senc of: (SeaU . ~ ~ (Seal) ; 4.t~c~~ 1// , _ STATE OF FLORIDA I COUNTY OF 1~C ~ ys ST~~i UC~ ~rsonally appeared JOSEPH EUGENE PARRISH and LOIS C. PARRISH~ his wife~ to me well known and known to me to be the individuals described in and who executed the foregoing insuwnent, and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand r and official•seal in the County and State last aforesaid this Zlt~l D831 of May, 1972 ~ June 30 1975 ~1y Commission Expires: ~ Notary Public. State of 1 rid - • • FIlfO ANO RECOROfo ~ - ST_ LUCIE COUNtr fLA. - - ROCER POITRAS ~ ~ ~ = CLERK CIItCU1T COUIIT ~ ~ ~ _ RECORO VER~FIED~~~ . r:~~; ~ ' U. Iliur 1l 10 23 AM'7t . 2` ' 63S °eooK~V~ PACE1~~ ~ ~