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Home My WebLink About1957 Our file 5-25,336 thu mw~yage ~w u~hrr ~nosit~ uf utlt w the murtgaged propcrty ~n rxunguuhmenl ui tht ~ndebtcdness ~tiwrJ Aercby, aU ng~~, hQe ami ~n~errst ~~t ~n~ ~~~~~esaw m and to aoy ~nswancr pulic~ea thee m fwce shall pass tn ~he purchaser or g~an~ee. (A) Tu pert~wm, canplY w~th ~nd ab~dt by tach and rvrrY the st~pulaUOns, s6reements, cond~UOns rnd c~~~enant~ ~n .a~d prum~~soty note and m th~. derd .e~torth. 1 TAat ~f anY uf ~aid sums ul munay hrre~n rcfer~.d to be nut prumptl~ and full)~ pa~d ~~~h~n f~tttrn drys nta~ a(ter the s~me st~trally becomes due and payah~~,ir if eacl+ and eve~y 1he seipulauonc, agreem~nts, condu~on. and co~enants o( sa~d prwais• sorY no~e and thu Jred, a~ euher, a~e not fully perfamcd, compl~ed wuh and abided by, ~he .a~d aggcegnie sum mtnuoned m sa~d p~om~~so~y nute shatl become det and pa)•able f«tA~~th or therca(trt at the opt~cu~ of ~he \lortgagae as (ully and completely as it tAe sa~d a66rr~a~e sum o( said prwnicsury note was w~g~naUp supulated to be pa~d an such dyy, anyth~n` ~a sa~d promissory note or here~n to the co~trary notr~thsund~ng. 1 That ~n order to acrelerate the matunty uf the mdebtedntss hrreby secwed, because o( tht (ailutt of t~e \t~x~ga6ur ~u pap any tax, as.es>menl, I~ab~lity, obligation or rncumbrance u~n sa~d properry, as herrm prnvided, u shrll no~ be necrs.ary or rtqu~site that the mor~RaRte shall (~r.~ pay the same. 2. The \lortgagee may, at his aption, and without wa~~ing his right to accelerate the indebtedness hereby secured anJ to foreclose the same, pay either before or after deli~quency any or all of those certain obligations required by thc terms hereof to be paid by the \tortgagor for the protection of the mortgage security or for the col- lection of the indebtedness hereby secured. All sums so ad~ anced or paid by the Slortgagee shall be chatged into the martgage arcuunt and became an integral part thereof, subject in all respects to the terms, conditio~s, and covenants oG the aforesaid promissory note. and this mortgage, as fully and to the same extent as though a part of the otiginal indebtedness evidenced by saiJ note and secured by this mortgage, excepting however, that said ~ums shall be repaid the ',1lartgagee forthwith upon its demand and be in additian to tht regular monthly install- ments provided b~• the mortgage note. 3. That the abstract or abstracts of tiUe covering :he mottgaged property shall at all times, d~ring the li[e of this murtgage, remain in pas~ession oi the !1lortgagee and in event of the foreclosure of this mortgage or other trans(er of title ta the mortgaged property in extinguishment of the indebtedness secured hereby, all right, title and interect of the \lortgagor in and ta any such abstracts of title shall pass to the purchaser or grantee. ~3. To the extent of the indebted~ess of the Wortgagor to the \lortgagee described herein or secured hereby. the ~lortgagee is hereby~ subrogated to tht lien or liens and to the rights of the owners and holders thereot 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 liens of said mortgages, liens or other incumbrances, shall be and the same and each of them hereby is presetved and shall pass to and he held by the ~lortgagee herein as security for the indebtedness to the ~lortgagee herein described or hereby secured, ti~ the same extent that it w~ould have been pteserved and would have been passed to and been held'by the ~lortgagee had it been duly and regularly assigned, transferred, set over. and delivered unto the Mort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it being the ~ntenticn of the parties heretu that the same will be satisfied and cancelled of record by the holders ~hereof at or about the time of the rzcording of this mortgage. S. In the event the oW~nership of the mortgaged premises, or any patt thereof, becomes vested in a person other than the ~lortgagor, the ~tottgagee may, without notice to the ~lortgagor, deal with such successor or suc- cessors in interest M•ith referenre to this deed and the debt hereby secured, in the same manner as with the \lort- gagor w•ithout in am• ~ay vitiating or discharging the !1lortgagor's liability hereunder or upon Ihe debt hereby secured. No sale of the Qremises hereb~~ mortgaged and no forbearance on the part of the hlortgagee, and na ex- tension of the time for the payment of the debt hereby secured given by the ~lortgagee shall operate 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 secutes and shall continue to secute payment oi said indebtedness or indebted- ~ ness, however evidenced, whether by said prumissory note or am~ renewal or extension thereof or substitute there- Ij for, or otherK~~se, until all such indebtedness shall have been full~ paid. f 7. In Il:e ercnt the neor~gaRors sell, convey or trans(er the mortgaged premrses during the lije of this morl- ~ QaRe, then this mortgage shall, a/ the option oJ the ,1fo~tRagee hereire, beeome immediately due and payable Jor the jul! sum oj the ~riRC•ipal halance and interest lhen due. 8. The terms "1~lortgagor" and "1~lortgagee" whenever used in this instrument shall include the heirs. personal representatives, successors and assigns of the respective parties hereto. Wherever used the singular _ number shall include the plural and the plural the singular, and the use of any gender shall include all genders. . l 'gned, se d d li • red in the presen of: (Seal) (Seal) ~+~c.. ~ .-K-c ~ STATE OF FLORInA I CO~NTY Oh~XAOE ` ST. LUCIE ' BeG~re me personally appeared ANNIE L. GALLOWAY, an unmarried WOmSR~ to me well known and know•n to me to be the individuals described in and who executed the foregoing instrument. ~ and acknow~ledged before me that they executed the same for the purposes there~n expressed. WITNESS my hand and of~~c~al ~eal in the ('~~unt> and State last aforesaid this 16th Day of September, 1972 ',`t ~~r~r~~~~' ~r'1{ : , i < '~I ~ y. ? ~ . y ~ ~1y Cummission f:xp~res: June 3O, 1975 JVotary Public, orida ;~~f ~ .O" ~JL!0 AN~R p e = r:7~ -'Q ~ ~T, lUC1E COU TY r~A. ~ i d, ~ O~ J:'~~ ~ fIOCEa'OITRA= • . d • ' ~ OIERK ClR~~ilT COURT ~ . 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