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Home My WebLink About2398 ~ . . Our file 5,25,143 ihu mo~tgaKr ~N othr~ t~an.fr~ uf 1~tlr w~hr mu~tKagtd property m e~ungu~+hmrnt ui thr ~ndehtrdnc+~ .r~wrd hrrcb~, aU riKht, hHe rnd ~nterc~t ul the ~1o~t~a~or ~n and Io any~ ~n.rwan.r pulic~es ~hen ~n [orcc shaU pa.s tu ~hr pur:Aase~ or ~ion~~e. (hl Tu petlwm, .~rnply ~•~th and ab~dr by each anJ rvery tAe sUpul~uw~s, a~rc~r.:cnts, cund~uun. and cu~enan~. ~n ..a~d prom~.s~~ry n.~~t and ~n ih~. derd .et iwth. (~1 That ~f anY of sa~d sums ul monry hr~em rc(rrrrd tu be nut prompti)' and fully paid ~~th~n f~(~rrn da~'. nr~t afici the same severally be~umes dur and payah?c,~K ~f ea.h and eve~) the ~1~pulal~ons, aRrctmrnt~, ~.~nd~~~un. and c»enants of ,a~J prwn~.- scxy note and th~s Jecd, ur e~~hc~, arc not fuily perfo~meil, cumpl~td ~uh and abided Ay, the ~:+~d J(CKIfQ.]~C sum mrnuortrd m ~siJ prom~ssory nute shatl becomc due and pa~ablc (orthw~th o~ thereaftrr at the opt~un o( the \1u~tgagre a~ fully and compl~trly as ~hr .a~d aseregatr sum o( sa~d prum~.+~x~' note vcas or~g~nall>' sUpulated to be pa~d on ~uch d-sy, an)'th~ng ~o .a~J prom~.wr)' notc ~x herem tu 1he c ~ntu~y nowithsund~nE. That m ordrr to accelerate the mawnty uf tht mdrbttdntss htteAy securtd, ht:ause vf thc failurc of ~he \1~~rtgago~ pay am• la~, •sst.sment, i~rh~ht>, ohl~~tau~m ar cn.umbranre upun sa~d property, as hercin pro~~3ed, u.hall not be nr:r.~.~~y ~x aqwsite ~hat thr mur~Eagee shall (~r.t pay the ,~me. 2. The \lortgagee may, at his option, and without waiving his nght to accelerate the indebtedness hereby secured anJ tu fotecluse the .ame, pay either before or a[ter delinquenc~• any or all of th~~se certain obligations required by the terms hereof to be paid by the `lortgagor for the protection of the mortgage security or for the cal- lection of the indebtedness hereby secured. All sums s~~ advanceJ or pa~d b}• the ~tortgagee shall be charged into the m~~rtgage account and become an integral part thereof, subject in all respects to the Czrms, canditiuns, and covenants oG the afaresaid prumissory nute, and this mortgage, as fully anJ ta the same extent as though a part of the original indebtedness evidenced by said ~ote and secured by this mortgage, excepting howevet, that said sums shall be repa~d the \lottgagee forthwith upon its demand and be in addition to the regular monthly install- ments provided by the mortgage note. 3. That the abstract or abstrarts of title covering the mortgaged properry shall at all times, during the life uf this mortgage, remain in possession of the \lottgagee and in event of the fareclosure of this mortgage or wther transfer of ti~le to the mortgaged property in extinguishment of the indebtedness secured hereby, ali tight, title and intetest of the \lortgagor ~n and to any such abstracts of title shall pass to the purchaser or grantee. ~3. To the extent of the indebtedness of the Mortgagot to the Alattgagee described herein or secured hereby. the \lortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each and ever~~ 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 liens of said mortgages, liens or other incumbrances, shall be and the same and each ot' them heteby is preserved and shall pass to and be heid by the ~lortgagee herein as security for the indebtedness to the ~lortgagee herein described or hereby secured, to the same extent that it would have been pteserved and would have been passed to and been held by the \tortgage~ had it been duly and regularly assigned, transferred, set over. and delivered unto the !11ort- 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 w•ill be satisfied and cancelled of record by the - holders thereof at or about the time of the recording of this mortgage. 5. In the evenl the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the \lortgagor, the ~lortgagee may, without notice to the ~1ortgagor, deal with such successor or suc- cessors in interest ~ith reference to this deed and the debt hereby secured, in the same manner as with the ~1ort- gagor w~thout in an~ v?ay vitiating ar discharging the \lottgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the \lortgagee. and no ex- tension of the time for the payment of the debt hereby secured given by the tlortgagee shall operate to release, discharge, modify, change or affect the original liability of the !Nortgagot herein either in whole or in part. ; 6. The lien of this deed secures and shall ccintinue to secure payment o[ said indebtedness or indebted- ~ ness, however evidenced, v?~hether by said promissory note or any renewal or extens:on thereof or substitute there- f for, or utherw~~se, until all such indebtedness shall have been fully paid. f 7. ?n N:e e~•ent the mortgagors sell, com~ey o? transJer the mortgaged premrses during the lfJe of this mort- ~ RaRe• ~~en this mortgage shall, at the oplion oj the Slortgagee herein, hecome inunediately due and payable Jor the Jutl sum oj 1he principat 6alance and interest then due. 8. The terms "1lortgagor" and "hlortgagee" whenever used in this instrument shall include the heirs, personal representatives, successors and assigns of the respective parties hereto. H'herever used ihe singular number shall include the plural and the plural the singular, and the use of any gender shall include all genders. ~ Signed, ~aled a9~ de e n the resence of: (Seal) _ / • , l (Seal) r `1 L~ 1 G L l ~ .~.L ( ?j L. Q .'/C/~~ . ' STATE OF FLORIDA I COUNTY OF~I~ ~ ~S ST. LUCIE Betore me personally appeared JAMES JACOBS atld FANNIE JAOOBS ~ his wife ~ ~ to me well known and known to me to be the individuals 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 aforesaid this 17th Day of August, 1972 ~ - _ J 11y~ Commission rrP~~zs: June 30, 1975 IVotary Public, State - rida a~ F@ _ ~ RtG0f10E0 - , f11E0 vJUIiS'~ F~~' . g1.lU ~t~K .~~11?5 j ~ RO~E :,U~S COUR . ~ C'-EKR~~~r.-.0 " ' ~~r(;~'~. ` . ,p o8 pK'12 gooK ~ ~ac~~~~ py~ 30 ~ ;~3f~'794 ~A!~'!~ 'd~°~ ap!i ~g ~~e~4~ ~ , ~ : _ - - - ~ ~ 4~•~ ~~2~ ,e.e.. t A..., la~ ut.~„~~ _-~±R.v.u