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Home My WebLink About2849 , , Our File 5-24,380 tAis mat~~se or othe~ tranafe~ of title to ~he mwt~s~ed prope~ty in eatin~uisAment oi tAe ~ndebtedness secwrd ht~e~y. all risht. title ae~d in~etesl of tAe A{ott~a~a in and•lo any ~nswance policie~ thea ia totce shall pass to 1he putchsse~ w~rantee. (A) To perform, casply rritA ~nd abide by e~ch sad every tAe st~pul~tions, a~reemeats, condihons and corenants ~n caia prom~ssory note aad ie ~h~s decd set (wth. (i ) That it ~ny of s~id awss o( naneY he~e~e refened to Ee not ptasptlY ~~d tully psid w~tAin fiheen days neat a(ter the same severally becanes due aad psyable.or it eacA aad every tAe stipul~tioas, ~~rremeots, cond~tioos and covena~ts of said proeu~a- sory aote u~d this deed, or eithe~, are not fully pe~tor~ed, casplied rritA and asided by, the ~a~d a~sre~a~e sum mentioned ~n said promissoty note al?all beeome due and payable tonhritA o~ the~eatter at tAe option o[ tFe Mo~t~a~ee as fully and completely as it thr s~id a~are~ate su~ ot said prom~sswy note vss o~i~~nally stipulated to be paid m such day, anythins in said promissory note or hercin to tAe cont~ary aotvithstandin~. (j ) That ia o~du to aceeler~te tAe matun~y of the indeptedeess Aereby secured. because ot the fa~lure ot the Morita~or ~o paY any iaa, . sssessment, li~bility, oblisation or encumbrance upoa said propetty, ss he~ein provided, it shall not be necescary o~ tequisite that the ~~i~iee sAall first pay the saaie. 2. The Mortgagee may, at his option. and without waiving his right to accelerate the ~ndebted~ess hereby secured and to foreclose the same. pay either before or a[ter delinquency any or all of those certain obligations required by the terms hereof to be paid by the Mortga=or for the protection of the mortgage security or for the col- lection of the indebtedness hereby secuted. All swns so advanced ot paid by the Mortga~ee shall be charged into the mort~a~e account and become ari inte`ral put thereo[. subject in all respects to the terms. conditions. and covenanta of the aforesaid promissorv note, and this mortgage, as fully and to the same extent as though a part o[ the oriainal indebtedness evidenced by said note and secured by this mortgage. excepting however. that said sums shall be repaid the Mortgagee fotthwith 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 coverin~ the mort6aged property shall at all times, during the life of this mortgage, remain in possession of the Mort`agee and in evtnt of the foteclosure of this mortgage ot other transCer of title to the mortgaged property in extia`uishment of the indebtedness secured hereby, alt ri`ht. title and interest of the Mortgagor in and to any such abstracts of title shall pass to th~ purchaser or grantee. 4. To the eatent of the indebtedness of the Mortfagor to the Mortgagee described herein or secured hereby, the Mort~asee is hereby subrogated to the tien or liens and to the rights of the owners and holders thereof of each and every mortgage, lien or other incumbrance on the land described her~in which is paid and/or satisCed, in whole or in pan, out of the proceeds of the loan described herein or secwed hereby. and the respective liens of said mott`ages. liens or other incumbrances. shall be and the same and each of them hereby is preserved and shall pass to and bc held by the Nortgagea herein as security for the indebtedness to the Mortgagee herein described or hereby secured, to the same eatent that it would have been pttserved and would have been passed to and been held by the Mortsaace had it been ~~13 and regufar!} assi~aed, iransfened, set over, and delivered unto tlle Moct- gagee by separate deed of assignment, notwithatandiag the fact that lhe same may be satisfied and cancelled ef recotd. it being the intention of the parties hereto that the same will be satis[ied and cancelled of record by the holders thereof at or about the time of the recc+rdina of this mortsage. 5. In the event the ownership of the mortgased premises, ot any part thereof, becanes vested in a person other than the Mortgagor, the ~lortgagee may, without notice to the Mortgagor. deal with such successor or suc- cessors in interest with reference to this deed and the debt hereby secwed, in the same manner as with tho Mort- gagor without in any way vitiating or discharsin~ the Mottga`or's liability hereunder or upon the debt hereby secured. No sale o( the ptemises hereby mortgaged and no forbeacance on the patt of the Mortgagee, and no ea- tension oC the time fot the payment of the debt hereby secured given by the Mortgagee shall operate to release, dischar~e, modify. change or affect the original liability of the Mortgagot 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, howevet evidenced, whether by said ptomissory note ot any renewal or extension thereof or substitute there- for, or otherwise, until all such indebtedness shall have been fully paid. ! 7. /n the event the mortgagors sell, convey or transfer the moitgaged prernises during the lije oj this niort- ~ a e, then t6is rnort a e shall, at the o tion o the Mort a ee herein. beconie immediate! due and i 8 8 8 8 P 1 8 8 Y paYoble Jor the ; jull sum oj the principal 6alonce and inttrest then due. ~ 8. The tertns "Mortgagor" and "Mort6agee" whenever used in this instrument shall include the heirs, ~ personal representatives, successors and assigns of the cespective parties hereto. Wherever used the singular number shall inclnde the plural and the plutal the singular, and the use of any gender shall incl~e all genders. Si ned, sealed d er d in e presence of: ~~1G (Seal) (SeaU ~ ~ STATE OF FLORIDA I COUNTY OF l~XljK j ss ST. LUCIE ~ 8e[ore me petsonally appeared ~~L .I,EE ~ an. unmarried WOn18II ~ ~ to me well knovm and known to me to be the individuals described in and whb executed the foreaoing instrument, ~ and acknowledted be[ae me that they executed the same fot the purposes therein espressed. WITNESS my hand and official seal in the County and State last aforesaid this 20th Day of May, .:,,1 ~1y Commission Expires: June 3O, 1975 Notary Public, State of orida St , I cv ,yi _ ~ ° = - t%_ ~ : _ - . - . r' " . • :J ~ i ~ , t'• . ' ~ .,ti ti . - ~ . I ' 800K~ ~ _ - _ _ . . - - v