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Home My WebLink About2933 Our File 5-24,377 tAis matp~e a other transfer of utte to tAe mortp~ed p~opetty ip utm~utshment u: the ~ndehledne~s ~tiurrd he~ehy, aU r~ih~, t~tlc and interest ot the Mo~t~a~a ~n xnd to any ~nsurance policies then in tores ahall pass to the putchaYe~ ur gran~ee, (A) To pertam, canply ~r~th and ab~de by each and every the aupulalions, ~~rcemen?s, condiuons ~nd ca~enan~~ ~n ca~J prom~ssury aote sad i~ 1A~s deed set torU+. G1 ?hat it ~ny of said sua?a of monry here~a referred to be not p~peptlY ~~d (uliy pa~d w~Uh~n f~(Irrn dayc ne~t after the s~me sevetNly becoeees due and payaAle,or it each aad evuy tAe slipulslians, aareemtnts, conS~tiu~s and covenants o( said prams- sory note and lhis deed, ot either, are not ful?y pet[ormed. complied +rith a~d ab~ded ~y, the said ag6reea~c suen menuo~ed m said promissory eote shall become due and payable torthritA or thereafter at the option of the \to~tga~ee as (uity and campletoly ac it thr s~id a~Rte~ate lues ot asid promicsory note rss a~~~nsliy stipul~ted 1o be paid on such d~y, anyth~n` m aaid ptanis~ory note or here~n to the contrary notWi~hst~nd~ns. (j 1 Thst i~ orde~ to accelente tht mawnty ot the indebtedness heteby secured, because u( tAe ts~lure of Me \ta~gasor psy any ~ax, , assessioent~ liability, obli~ation a encumbra~ce upan said property, as herein provided, shall no~ be ne.es~ary ix reQu~site tAat the morisssee sh~ll tirst pay tAe same. 2. The Mortgagee may, at his option, and without waiving his right to accelerate the indebtedness hereby secured and to foreclose the ~ame, pay eithet before or aCtec delinquency any or all oP those cettain obligations required by the terms hereof to be paid by the Mortgagot for the ptotection of the mc~rtgage sec~rity or [or the col- lection of the indebtedness hereby secuted. All sums so advanced or paid by the Mortgagee shall be charged into the mortgage account anJ become an integral part thereof, subject in all respects to the terms. conditions, and covenants o! the a[oresaid promissory note, and this mortgage. as fully and to the same exte~t as though a part of the oriainal indebtedness evidenced by said note and secured by th+~ mortgage, excepting however, that said sums shall be repaid the blortgagee forthwith upon its demand and be in addition to thc regular monthly install- ments pcovided by the mortgage note. 3. That the abstract or absuacts ot title covering the mortgaged property shail at all times. during the life of this mortgagc, remain in possessioa o[ the Mortgagee and in event of the foreclosure of this mortgage or other transfer o~ tiile to the mortgaged property in extinguishment of the indebtedness secuted hereby. all right. title and interest of the Mottgagor i~ and to any suc6 absuacts oC title shall pass to the purchaser or grantee. 4. To the extent of the indebtedness of the Mortaagor to the Mortgagee described hecein or secured hereby, the Alortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each and every mortgage, lien o~ other incumbrance on the laad described herein which is paid and/or satisfied, in whole ot in pari, out of the praceeds of the loan described herein ot secured hereby, and the respective liens of said mottgages, liens or other incumbrances, shall be and the same and each of them hereby is preserved and shall pass to and be held by the ~~ortgagee herein as security tor the indebtedness to the \lortgagee herein described or hereby secured, to the same extent that it would have been p~eserved and would have been passed to and been held by the {1lorlgagee had it been duly and regularly assigned. transferred, set over. and delivered unto the hlort- 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 o[ the mortgaged pte~nises, ot any part thereof. becomes vested in a person other than the Mortgagor. the \1ortgagee may. without notice to the Mottgagor, deal with such successor or suc- cessors in interest with reterence to this deed and the debt hereby secured, in the same manner as with the A1ort- gagor without in any way vitiating or discharging the Mottgagot's liability hereunder or upon the debt hcreby secured. No sale ot the premises hereby mortgaged and no [orbearance on the part ot the Atortgagee. and no ez-_ tension o[ the time for the payment of the debt hereby secured given by the !4lortgagee shall operate to release, discharge~ modify, change or affect the original liability of the Mortgagor herein either in whole or in part. 6. The lien of this deed secures and shali continue to secure payment o[ said indebtedness or indebied- ness. however evidenced, whether by said promissory note or 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 morlgagors sell, convey or transjer the mortgaged premises during the liJe oJ this neor[- ~ gage, then this mor~gage sha!!, at fhe option oJ the blortgagee he~ein, beco?r.e immediQtely due and payable jor the julJ su?n oj the principa! lwlance and interest then due. 8_ The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs. persona) representativts, successors and assigns of the respective parties hereto. w'herever used the singular number shall include the plural and the plural the singular. and the use of any gender shall ~nclude all genders. j g~ed. seale nd d iver d in the presence of: (Seal) ~ i (Seal? i ~ _ f r ' STATE OF PLORIDA I ' COUNTY OF~ ss ST. LUCIE Before me personally appeared FONZIE KNOTT 8nd JOYCE KNOTT~ h3s wife~ to me well known and known to me to be the individusis 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 and ofticiat seal in the County and State last aforesaid this 20th Day Of ~'IBy~ 1972 ` , ~ JtC'~',' Wy Commission Expires: - JIlII@ 3~~ 1975 Notary Public, State orida $ fILEO AND RECQRDEO ~ ' ' ~ . " ST.lUC1E GOUMr~ FIA. ~~~w ' fiOC~~ ?o1TRA5 ~ ~ ' ~a = CIERK L;~:;.UI~ CoURT yj~ : x ~ ~ ' - . , RECOR^ VE~ "~=U,.~..~1::. - . -,'t: _ ~ ; , ' 9 5i ~H'~t =;,~~~:~.~:..~::'~+~f;;~ - ~ ~1 S 7~.~t' ~ ',,,,~~~~~~„s~~~ i ~ • E 230'713 eoac~z ~ ,v::. - - _ _ _ w. - .