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Home My WebLink About1566 Our file 5-25,050 th~s mur~p~t ~x uthc~ ttansfe~ o( hUe lu thr Tu11Kd~t1I ~1fOP!'f~Y eaun~u~+hment u1 tAe indeb~eJne~a ~c~urrd herc~), ~11 ~~gh~, u~lc aeKt ~Merest ot tAt ~twtp~ur m~nd ~o any inw~an.e pulicws then ~n (o~ce shall pass to ~he putchaser in Run~ee. (hl To pertixm. camplY +~~tA rnd ab~~e by each and e~et)' ~he st~pul~Uuns, a~rcements, cond~t~un~ ~~d cn~en~m. ~n .a~d p~um~.~or> nolt and in tA~s deed set torth. 1 That ~f any ot sa~d sums uf muney hrre~o relr~rcd tu ~e not promptly and (ully pa~d •+uh~o fi(tcen da~. nr~t elter the same se~erally becomes due and payabie,ix each and erer~ the sUpulat~on., ag~eements, cund~uon. end co~en~nh o( .a~J pcum~~- say nott and tAis deed, ot euAer, are not fully perfwmed, compl~ed r•~th and ab~ded Ay, ~he +a~d aRi~cga~e sum menuonrd ~n :sid prom~ysay note shall btcome due and payable forth~uA ~x therea(ter at the ophon o( the \tott~ta~re as tully rnd cumpleul>~ r~ d ihr s~id a«re{ate sum o( said ptom~scory no~e ~as ong~naUy supula~ed to be pa~d un +uch daY. ~~Y~h~~6 ~n sa~d prom~s.ury note isr here~n to the contrsry not~~thsund~n~. 1 Tha~ m orJer to accelerate the matur~~y o( the mdebtedness hereDy secuted, be~ause u( thr (a~lure o( the \fu~tgagnr PaY aeY ~a*. assessment, I~ab~l~ty, obGSation nr rn.umbr.~nce u~x.n sa~d propetty, as heram prov~ded, ~t shrll not be necrs.ary ix rcqws~~e ~hat ~he mwt~a~ee shall first pay the same. 2. The ~tottgagee may, at his option, and without waiving his right to acreletate the indebtedne~s hereby secured and to [oteclose the ~ame, pay either befote or after delinque~cy any or all of those certain obligations required by the terms hereof to be paid by the ~iortgagor for the protection of the rtx~rtgage security or for the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the ~lortgagee shall be charged into the mortgage account anJ become an integtal part thereof, subject in all respccts to the terms, conditians, and covenants of the aforesaid promissor~• note, and this mortgage, as fuUy and to the same extent as though a part of the nrigina! indebtedness evidenced by said note and secured by this mortgage, except~ng howevet, tfiat ca~d sums shall be repaid the Aiortgagee forthwith upon its demand and bc in addition to the regular monthly i~stall- ments provided by the mottgage note. 3. That the abstract or abstracts of title covering the mortgaged propect}~ shall at all times, during the life o( this mortgage, remain in possession of the ~tortgagee and in event of the foreclosure o[ this mortgage or other transfer of~ title to the mortgaged property in extinguishment of ihe indebtedness secured hereby, all right, litle and interest of the ~lortgagor in and ta any such abstracts o( title shall pass to the purchascr or grantee. 4. To the extent of the indebtedness of the !Nortgagor to the 1lottgagee described herein or secured hereby. the ~tortgagee is hereby subrogated to the lien or tiens and to the rights of the owners and holders thereof of each and evety 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 ot secured hereby, and the respective liens of said moctgages, liens or other incumbrances, shall be and the ~ame and each of them heteby is preserved and shall pass to and be held by the ~lortgagee herein as security for the indebtedness to the ~lortgagee herein described or hereby secured, to the same extent that it would ha~e been preserved and would have been passed tu and been held by the ~lortgagee had it been duly and regularly assigned, ttansferred, set over, and delivered unto the \lort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it be~~g the intention of the patties hereto that the same will be satisfied and cancelled of record by the holders ther~of at or about the time af the recording of this mortgage. 5. ln the ~vent the ovvoership of the mortgaged premises, or any part thereof, becomes vested in a person other than the ~lortgagor, the ~lortgagee may, without notice to the \lottgagor.'deal with such successor or suc- c~ssors in interest with reference to this deed and the debt hereby secured, in the same manner as with the ~1ort- gagor w~thout in any way vitiating or discharging the \lortgagor's liability hereunder or upon the debt hereby secured. No sale of the ptemises hereby mortgaged and no forbearance on the part of the ~tortgagee, and no ex- tension of the time for the payment of !he debt hereby secured given by the ~lortgagee shall opetate to release, discharge, modify. change or affect the original liability of the ~lortgagor herein either in whole or in part. 6. The lien of this deed secures and shall continue t~e~ur~ ~~t ~~aid~nd_e4t4~~~c~j indebted- ness, however evidenced, whether by said promissory note or an renewa or ext ~ e~~' b 11t~- for, or othetw~ise, until all such indebtedness shall have bee~f~' ~t~~ due upun matur:ty is_$1r83$..._~2~ I 7. M the event the morl a ors sel/, conve ~ o~ trans t ~,e• j ~}~t ~ R R > ~~O~~t~W SZ; 1 ~dl~. 7 ~ gage, then this ,no~tgage sRall, at ~he option oj the ,'llortgage herein be~ ome !qun diately ~e an~payaole or~e j jull sum oJ the principa! Iwlance and interest [hen due. ~~~~jS m~e ~y t~~ f1101'tgageE IlOd~ ~ ~ 8. The terms "Mortgagor" and "1~lortgagee" whenev~mte~ i1~l~bippl~ig~ent shall include the heits, personal representatives, successors and assigns of the respective parties hereto. Whtrever used the singular~ number shall include the plural and the plural the singular, and the use of any gender shall include all genders. ~ Si ed. seal a e e d the rese f: ( (Seal) • , r.r~?1. ~ (SeaU % y y~ t t „t_~ STATE OF FLORIDA I COUNTY OF~ ~ ~S ~ ST. LQCIE Before me personally appeared ERNEST KING atZd DELIA MAE KING, his wife, to me well known and known to me to be the ind~viduals 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 official seal in the County and State last aferesaid this 12th Day of August, 1972 ~ ~ ~ ~ ~ 1~1y Commission Expires: JuIIe 3O ~ 1975 otary Public, State 1 8 Y' @ _ ~ ~ ' . - FILEO AyD ~:ECOROED ~ - SL ~UCiE :.OUNTIf FU. ~ RCC~r, PJ~TR~S v . ~ CIERK C~'.:U~T COURT ~ " • QFC(!r.^ vr: : ~:~J~~ . . At~ Z~I 3 07 PH ~7z ~ 236092 B40K ~ 1~ - ~z.~ k c~ . t~ ~ . -`~'?~,.~~'s~a+p`ns '.T " _ _ ~ ~ ri ~ ~ . _ ~ _ . ~ ~~~~,A ~~.-j