HomeMy WebLinkAbout1430 Our file 5-24,499
~h~~ mortrrKr .x o~Arr tcrn.irf ut !~!Ir ~hc mur~g~Ktd ~x~~prrt~ m r~ungu~.hmrnt .,t ihc .nJ,htrdnr.. >r.wrd hr•a.!•~. ~il r~~ht, t~tlr
rnd ~Nere+t uf tAe \1~~~:~~K~u ~n ,.nd t.~ ~m ~nwranrr pul~c~r+ thtn ~n (otre .hall pa.~ tu tCr purih~.rr ,~e F~.,~.~rr.
(h? To petlorm. ~~wnpl> ~~th ~nd eh~de b> ea.A and r~ery tAt ~t~pulaUuns, a~rccrnen~.. .,ms~'~,~n. and trr..~nt. ,r .~~d prumi..on
r~ute a~d ~n th~. derd +c~ i,~~ih.
(i 1 That d any uf ~a~d sum. ot m,~n:y hrre~n ieirr~rd to be oot promptly and iutl> pa,d .:eh~n `~it. rn da~. nra~ ~t:ei
the same ~everally braomes dur and pa>un?r,~u ~t eacA and evety tht ctipulation., .,~;trrm:ee~, ,,.c,i:~i.m. ar.d :nti:r,en~. ~~o .a~d pr.~m~.• ~
s~xY note and tAu dred. ar ri:her. •~r noi iullv prrformrd, cumpl~rd w~th .,n.! ;,n~,i~d h~. +.hr ..,i.i .~~~err~cs~r ,um mrnuonrJ m se~3
pcom~ssory note chall bec.unr dur ~nJ p~>oble fortAw~th w thetcalter at thr up~~~~n ~~t :hr \1~~ett~~ i..il~ .~nu .,.mplr~ri> a. tAr
:a~~ a«rt~att sum i~i sa~d prunu..o~~ n~~tr ra~ or~ginally ~Upul~ted tu be p3~d .w~ .wh d'e>, an~th~r.K ~r. .ai.: ploru..~n> n.,~t or hercar.
t~~ tht :ontra~) not~~thst~nd~ng.
1 That m order h. a..elcra~r the maturuy uf tht ~nJrbtedness htreby secwrd, becau.r .a thr ia~lurc ut ~h~ \}.~~i~e.~g.~r i~. pe> eny t,,.,
ax.essmen~, lus~i~t>. .~l+l~gati~m or rn~umbtanct up..n .a~d pr~•ptrty, as hrrom pr~~~iJrd. ii ,h,,ll nc,~ nc ne.r...tr> or rr~wsue tha~ ~hr
mo~tgaKee shall (~r+t pa~• thr .amr.
The ~lortgagre may, at his ~pt~on, and without wai~~ing h~s nght to ac~zlerate the indebtedness hereb~
serured and tu foreclose the ~ame, pay~ either before or aftet delinquency any ot all of those cetta~n obligatiuns
requirrd by the terms h~reof to be paid by the ~tortgagor for the protection of the m~~rtgage secur~ty or for the col-
Irction of the indebtedne~s h~reby secured. All sums so advanced or paid b~~ the ~lurtgagee shall he charged int~
the murtgage account anJ hec.•me an ~ntegral part thereof, subject in al~ resp~cts to the trrm~, i~~nditions, apd
~uveoants of the aforc~aid prum~ssur~ note, and this mortgage, as iull}• an~ tu the ~ame ext~nt a. though a patt
of the arig~nal indebtedness r~~~drnred b~~ said nMe and securcd b~~ th~s mottgage, excepting huNevrt, that sa~d
sums shall be repa~d the \1~~rtgagee (otthwith upon ~ts demanJ a~d be in additi~~n tu the regular m~mthly ~nstalt-
ments provided by the murtgage n~~te.
3. That the abstract ~~r abstracts of title covering the mortgaged propert~• shall at all times, during the life
of this mortgage, rema~n in p~~s~ess~on of the ~lortgagee and in e~•ent of the foreclosure of this mortgage or o!her
transCer of title to the mortg~ged propetty ~n extinguishment of the indebtedness secured hereby, all right, title
and mterest of the \tortgagor ~n and to any such abstracts of title shall pa.s to the purchaser or grantee.
~i. To the extent of the ~ndebtednes~ of the Vlortgagor to the Stortgagee desctibed herein or secured hereby,
the \lortgagee ~s hereb~~ subrogated to the lien or liens ancl to the rights o~ the awners and holders thereof of each
and evety mortgage. I~en or other incumbrance on the land described herein which is paid and ar sausfied. in
whole or in part, out of the proczeds of the loan described herein or secured hereb~~, and the recpective liens of
said mortgages, liens or other incumbrances, shall be and the same and earh uf them hereby is preserved and shall
pass to and he held b~• the \lortgagee herein as security for the indebtedness to the \tortgagee herein described
or hereb~~ secured, to the same extent that it Kould have been preserved and Would ha~•e bren passed to and been
held b~ the \lortgagee had it been duly and regularly assigned, transferred, set m•er, and delivered unto the 11ort-
gagee b~ separate derd of ascignment. notwithstanding the fact that the same ma~• he satisfied and cancelled of
record, it be~ng the ~ntent~on o( the parties hereto that the same Kill he satisf~ed and cancelled of record by the
holders thereof at or about th~ time o( the recording ~f this mortgage.
5. In the event the o~nership of the mottgaged premises, ot any part thereof, bec~mes vested in a person ~
othzr than the ~lortgagor, the ~turtgagee may, without notice to the ~lortgagor, de~l with such successor or suc-
cessors in interest ~ith reference tc~ this deed and the debt hereb~~ secured, in the same manner as with the ~tc~rt- ~
gagot u~thout in am• Nay v~tiaung or discharging the ~tortgagur's liab~lit~• hereunder or upon the debt hereby
secured. No sale of the premises hereby mortgaged and no [orbearance on the part of the !1lortgagee, aod nc~ ex-
tension of the time (or the pa}•ment of the debt hereby secured given b~~ the Vortgagee shall i~perate to release,
' discharge, madif}•, change or affect the or~g~nal liability of the ~lortgagor herein eithet ~n wh~le or in part. ;
! 6. The lien of this deed secures and shall continue to secure pa~•ment oC said ~ndebtedness or indebted-
ness, however evidenced. ahether b~~ said ptomissoty note ~~r am• renewal or e~tens~e~n thereof ar sub~Utute there- ~
for, or otherwise, unul all such indebtedness shall ha~•e been full~~ pa~d.
~ 7. I?e the erenl thc mo?f~aROrs self, con~•ey o? t?ansJer the mo~tqa~ed premrsr~s dur~nx Ihe lr(e of this mort-
' RaRe. then this mortgage shall. at the oplion o( the .~lo~tgageP herein, become ~mmediotely duP and pc~~•able lo~ the
; ~ full sum of the pnncipal halunce and interest then due.
~ 8. The tertns "~lortgagor~~ and "~tortgagee" whenever used in this insttument shall ~nclude the heirs,
~ personal representatives, successors and assigns of the respecti~~e partie, heret~~. Hhere~~er used the singular
~ numbet shall ~nclude the ptural and the ploral the s~ngular, and the use nf am• gender ~hall include all gendets.
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Sig d, sealed d i~~e the presence of: ~%yL A.~ (Seal)
(Seal)
-[.~ccJ c~1 u~~
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~ STATE OF FLORIDA I
? COL'NTY OF~EX `
~ ST. LUCIE
~ Before me personall}~ appeared JESSIE NARRIS, an unmaro~e~~II~~D$ the W1dOW~r
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to me well known and known to me to be the ~nd~v~duals described ~n and w•ho execute the orego5 g instrument,
and acknow•ledged before me that the~~ executed the same for the purpo~e, therein expressed. VG1TtiESS m}~ hand
" and off~c~al seal in the Count> and State last aforesaid this lOth Day of June, 1972
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~ P June 30 1975 f F 0'
~ ~1y ('umm~ssiun F:C Iic~. ~ tiotary Public, State •
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` FILED cc U40E0 ' ^ ,
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b~ox~03 PACE1430
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