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Home My WebLink About2308 ~ ~ ~ Our File 5-24,348 th~s mal~aae or other transte~ of title to the mo~t~a~cd ptoperty ia eaun~wshmeat oi the ~ndebtedness secwrd he~ebY. ~itAt. hqe snd interest ot the Mort~asw in and to any inaurance policies tAea in torce sh~ll pass [o ~he purch~ser or ~ran~ee. (h) To perta~e, canply Mith yod a~ide by each and every the stipul~tions. ~ireements, condition~ and covenanta ~o caid prom~ssw~ note ~od ie this deed set tortA. (i 1 That it ~ny of s~id awas of mooey hea~n referted to be not ptomplly and (ully paid w~th~n l~ftren days next aQer the same seva~lly becomes due and payable,o~ it e~cA aad eve~y the stipulatioas. ~«eemonts, cond~~~o~s and covenants ot said proa~s- sotr nott and lAis deed, a e~ther, ~re not fully pettoraaed. tamplied ~rith and ab~ded Sy, the ~s~d ae~regate swn ment~oned in said prpaissory note ahall becaae due and payaDle tortA,~ith or thert~ttet at the option ot the A1art~a~re as fully and completely as it the said as~e~ate sum o( said promicsory note wss w~~~nally stipul~ted to Ae paid an such day, aeythin~ in said proeaissory note or here?n to the conUary notvithst~edin~. V~ 1'A~t ~n order to acce~erue lQ! I11iW(Ily ul {i~C Inuivicund55 -r t_:~...~ ~t~ u...~~~~.v ~n wav aeV lat. NY~bv~ a M~~• - ' assessmenl. liapility. obli~~tion or encumEranee upon s~id ptoperty. as hereio provided. it sAall not be neces~ary or requisite tha~ tAe mo~t~a~te shall first psy t)ie saaie. 2. The Mottga,gee may. at his option. and without waiving his right to accelerale the indebtedness hereby secured and to foreclose the same, pay either before or after detinquency any or all o[ those certain obligations requi~ed by the terms hereof to be paid by the Mortga`or for the protection of the mortgage security or [or the col- lection of the indebtedr~ess htreby secuted. A11 sums so advanced ot paid by the !Nortgagee shall be charged into the mortgage account and become an integtal part thereo[, subject in all respects to the terms. conditions. and covenants of the aforesaid promissory note, and this mortgage, as fully and to the same extent as though a part of the ori~inal indebtedness evidenced by said aote and secured by this mortgage, excepting however. that said sums shall be tepaid the Mortgagee forthwith upon its demand and be in addition to the regular monthly install- ments provided by the mortgage aole. 3. That the abstract or absuacts of title covering the mortgaged ptoperty shall at all times, during the li[e of this mortgage, remain in possession o[ the Mortgagee snd in event of the forcclosure of this mortgage or othcr trans[er of title to the mottgaged propetty in extiaguishment of the indebtedness secuted hereby, alt right, title and interest of the Mottgagor in and to any such absUacts oi titie s~ali pass ~o [ne purcuaa~i ~;s~~¢~~. 4. To the extcnt of the indebtedness of the Mottgago~ to tht Mortgagee described herein or secured hereby. the Mortga~ee is hereby subrogated to the lien ot liens 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 satisfied~ in whole a in part, out of the proceeds of the loan described herein or secured hereby, and the respective liens of said mortaages, liens or other incumbrances. shall be and the same and each of them hereby is pteserved and shall pass to and be held by the 1~lortgagee herein as security for the indebtedness to the Mottgagee herein desctibed or hereby secured. to the same catent ihat it would have been preserved and would have been passed to and been held by the Alortgagee tiad it been duly and regularly assigned, uansferted, 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 recordins of this mottgage, 5. In the event the ownership of the mortgaged preEnises, or any part thereof, becomes vested in a person other than the Mottgagor, the ~lortgagee may, without nolice to the Mortgagor, deal with such successor or suc- cessors in interest with reference to ?his deed and the debt hereby secured, in the same manner as with the Mort- gagor without in any way vitiating or discharging the Mortgasor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance o~ the part of the Mortgagee, and no ex- tension of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to retease. discharge, modi[y, change or afftct the origina! liability oF the Mortgagor herein either in whole or in part. 6. The lien ot this deed secures and shall continue to secure payment of said indebtedness or indebted- ness, however evidenced, whether by said promissory note or any tenewal or extension thereof or substitute thcre- for. or othetwise, until all such indebtedness shall have been fully paid. 7. In the even/ the mortgagors sell, convey or t~ansfe~ the mortgaged premises during the lrje of this inort- gage, then this rsortgage shall. at the option of the Mortgagee he~ein, beco,rre inunediately due curd paya6?e jo~ the Jyfl sum oJ the qincipal balance and i~le~est then due. 8. The tecros "Mortgagor" and "Mortgage~" whenever used in this instcument shall include the heirs, personal tepresentatives, 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 shatl include att genders. Signe . sealed a e v r d in e presence o[: ~ (Seal) ~ (Seal) c..~ STATE OF FLORIDA I COUNTY OF SiXIS~ j Ss ST. LUCIE ~ Belore me personally aPpeared TEAIMA DAWSEY and GEORGIA LEE DAWSEY ~ his wife ~ to me well known and known to me to be the individuals desctibed in and who executed the foregoing instrument. and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand and official seal in the County and State last afaresaid this 13th Day Of MS~I~ 1972 . .:~~~J~, : . 1d,~'•~;+ ~ y . . ~J'~'; . . r '.o : _ ~ _ - ~+ly Commission Expires: _~t1riB 1975 Notaty Public. tate of : c~ , C! t• ~ i i -':'y ' ilLFO AMD RECOROED - ST. WCIE COUNtY FLA. : ' • ` ' RGCER POttRAS ~ ~ ~ CLERK CIZCUIT COURT ~ ~''~,,,,~~~~1~ RECORD VFPlFIED ' M~ur 16 2 z3 PM'71 I ~~30's 6~K~V~ PACE~JW ~ F i