HomeMy WebLinkAbout1473 tAis nio~ts~se ar otAe~ tnnsfe~ o( t~lie to tAe mort~a~ed poper~y ~n eit~n~u~shmeot oi the ~ndebtedncss aecwed AercD>, •11 i~~At, t~~le
~nd ~n~e~cst o( tAe Morti~~or ~n ~nd to ~ny ~naw~nce policies then in fotce ahall p~ss to tAe pwc~~se~ a~rantee.
(h) Tu per(Mm, camply ~r~th and •E~de by e~cA ~nd every the shpul~uons, a~rcements, condiUons aod covenrn~s ~n .~,d pr~~m~..~~ry
nole ~nd in tA~s ~teed set foreh.
G) That d any o( a~id sums o[ money herem referred to be eot prompHy and (ulty pa~d ~itA~n (d~rrn d~y~ ncv afirr
U~e aame severally becomea due aM1 payabie,ot J each aad erery tAe st~pul~t~ons, a~recments. conJ~Ua?s aad co~enan~s oi s~id pr,>m~..
swy note artd lh~s deed, a either~ ~re not fully perto~mcd, comphed witA and aD~Jed Sy, the sa~d aj~rop~e sum menuoncd ~n .a~J
prom~ssaY note shati becooe due and payable fath~etA a tAero~t~u at t!?e ophon ot Mt Matsa~ec as tully ynd completelY as ~f ihc
said a~{tt~ate tum of said prouisaoty note r~s on~ieally a4pulated to be p~~d on sucA d~y, anytA~n~ ~n sa~d prom~~sor~ note .x here~n
to the contrary not~rit~s~anA~n~. '
lI / Th~1 ~n ordet to acceletate the matur~ty ot the inde0ted~ess hueby secured, bec~uae of the (a~lure of ehe Mor~~a~~.r paY .ny ~a~,
assrsament, Lability, obligation or encumMance upon s~~d propeny, •s herein prov~ded, u sh~11 hot Se neircw~y or reQu~s~te ~~a~ ~h.
mortp~ee shal! hrst pay the same. _
2. The Murtgagee may. at his option. and without waiving his right to accelerate the indebtedness hereb~•
secured and to foreclose the same, pay either before ot a[ter delinque~cy any or all of those certain obligation~
required by the terms hetcof to be paid by the Mortaa~or fo~ the Protection of the mortgage security ~~r for the col-
lection of the indebtedness heroby secured. All sums so advanced or paid by the Mortgagee shall be charged into
the mortgage account and become an intesral part thereof, subject in all respects to the terms, conditions, anJ
covenants of the aforesaid promissory note, and this moctgage, as fully and to the same extent as though a part
uf the orieinal indebtedness evideec~d by said note and secured by this mott~age, excepting however. that .aid
sums shall be repaid the Morttagee forthwith upon its demand and be in addition to the regular monthly in~tall-
ments pcovided by the mottgage note.
3. That the abstract or absttacts of title covering the mortgaged property shall at all times, during the life
of this mortgage, remain in possession of the Mortgagee and in event of the foreclosure of this mortgage or other
transfer af title to the mortgaaed property in axtinguishment of the indebtedness secured hereby. all right, title
aod interest of the Mortgagot in and to any such absvacts of title shall pass to the purchaser or grantee.
4. To the extent of the indebtedness of the Mortgagor to the Mottgagee described herein or secured hereby,
the hlortgagee is hereby subrogated to the lien or liens and to the ri~hts 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 or in part, out of the proceeds of the loan described herein or secured hereby. and the respective lians uf
said mortgages, 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 Mortgagee herein as security for the indebtedness to the Mortgagee herein described
or hereby secured. ro the same extent that it would have been preservcd and would have been pass~d to and been
held by the ~tortgagee had it•been duly and regularly assigned. transferced, set over, and delivered unta tht A1ort-
gagee b~ 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 bv the
holders thereof at or about the time of the recotdins of this mortgage.
S. [n the event the ownership of the mottgaged premises, or any part thereof, becomes vested ~n a person
other than the .Llortgagor, the ~tortgagee may, without notice to the 1~tortgagcx, deal with such successor or suc-
cessors in intertst w~ith reference to this deed and the debt hereby secured, in the same manner as with the ~1ort-
gagor v?ithout in any way vitiating or discharging the Mottgagot's liability hereunder or upon the debt hereby
secured. No sale of the premises hereby mortgaged and no fotbearance on the patt ot the Mortgagee, and no ex-
tensian of the time for the payment ot the debt hereby secured given by the Mortgagee shall operate to release,
discharge, modify, change or afftct the original liability of the ti}ortgagor hercin either in whole or in part.
6. The lien of this deed secures and shall continue eo secure payment o[ said indebtedness or indebted-
ness, how~ever evidenced, whether by said promissoty note or any renewat or catension thereof or substitute there-
for, or otherwise, until all such indebtedness shal! have been fully paid.
7. In ~he event the mortgaRors sell, convey or t?ansjer the mortgaged premises during the liJe af this mort-
gnge, then this niortgage shal/, at rhe option oj the bto~lgagee herein, becorne immedialely duP and payab/e /or ~ht~
J~l? sum oJ the p~inc~pa~ bnlnnce and interest then due.
8. The tenns "Mottgagor" and ";Nottgagee" when~ver used in this instrument shall include the heirs,
personal tepresentatives, successors and assigns of the respective pazties hereto. Wherever used the singular
number shall in~lude the plu~al and the plural the singufar, and the use ot any gender shali include atl genders_
/i ~
grtcd, sealed and liv td in e presence l~ ~ i (Seal)
(Seal)
' / ~ -cMC_P
~
STATE OF FLORIDA I
COUNTY OF~~ j ss
ST. LUCIE ~ ~~OLYN EVANS,~an unmarried woman, also known as
Be(ore me personally appeared CARRIE EVANS ~ formerly known as C~A~ROLFYN VP~O~SEY and
to me well known and known to me to be the individuals described in and who executed tlt~Tdt~~dtng
ib:sTiumeoOSEY
and acknowledged before me that they executed the same for the purposes thetein expressed. NfITNESS my hand
and o(ficial seal in the County and State last aforesaid this lOth Day of June, ~972
y~ .
~ty Commission Ex ~r~S: _ June 30 1975 Flori
P ~ Notary Public. State of ~ -
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