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Home My WebLink About2158 Our file 5-25,3.77 thu mortgagr .r o~hrt t~anste~ of 1~tlt ~he mort~aged ptoptr~y m a~un~u~shment ut Iha ~nJtbtednrss ~tcutrd hereby, all n~ht, atlt anJ ~~terrst of thr \tur~~asw ~n ~nd to anY ~nswanct {wlic~es tAen in (ace shall pass to Ihe purch~ser or tran~ee. ~ (Al To prrliu m, cixnply r•uA end ab~de by each anJ every tAe st~pulaUuns, a~rrt ments, cond~t~onc and co~'enant. ~o .a~d prum~sso~y ~o~e aod in ~h~s dred sat forth. ~ G 1 Tha1 ~t any ot said sumc ut muoey here~n ~tttrrcd to be nut prumptly and fully patd ~uh~n hhern days oeat a(ter the same stverally btcomes due and payaAle,cx ~t each and erery the s~~pulauo~s. atrremrnts, rondiUuns and co~enants o( sa~d prum~s- say natt and th?s dred, or e~ther, a:e not fully per(ormed, complied witA ;?nd abidcd by, the .a~d aggrega~e snm menuontd ?n s~id prom~sswy nute shall becane due and payable fatAw~th a Ihereafier at the option ot the ~fortgatee as fuliy and completely as if the sa~d a`~resate sum o( sa~d promissory nott Was or~gmally stipulated to be paid on such day, anyth~n~ ~o said prom~ssory note w herem ~o the con~~ary not~•iihsund~n(t. ) Thai ~n order ti~ accelente ~Ae mawn~y ut the mdcbtedness hereby srcurzd, because uf thr (a~lure o( ~he \1o~~gagw ta pay any ~ax, asse~sment, I~ab~lity, obl~6ation or rncumbrance u~nn sa~d prope~ty, as herc~n proviJed, shall not be neces.ary or ~equ~site that the mo~t6agee .hail t~rvt pay the same. 2. The \lortgagee may, at his option. and without waiving his right to accelerate the indebtedness hereby secured and to foreclose the same, pay either before or after delinquency any or all of those certain obligations required by the terms hereof to be paid by the 1lortgagot for the protection of the mc~rtgage security or for the col- Icction of the indebtedness hereby secured. All sums so advanced or paid b~ the `lortgagee shall be charged into the mortgage account anJ t+ecome an integtal part thereof. subject in all respects to the terms, conditions, and cuvenants oG the aCoresaid prumissor}• nate, and this mortgage, as fully and to the same extent as though a part of the original indebtedness evidenced by said note and secured by this mortgaga. excepting however. that said ~ sums shall be repaid the ~iortgagee fotthwith upon its demand and be in addition to the regular monthly install- ~ ments provided by the mortgage note. 3. That the abstract ~~r abstracts of title covering the mortgaged property shall at all times. during the life ~ of thes mortgage, remain in possession of the !1lortgagee and in event of the foreclosure o[ this mortgage or athet ; transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, ali right, title 1 and interest of the \iortgagar in and to any such abstracts of title shall pass to the purchaser or grantee. } 4. To the extent of the indebtedness of the 1Aortgagor to the lfortgagee described herein or secured hereby, ~ the !~iortgagee is hereby subrogated to the lien or liens and to the rights 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 satis[ied, 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 pteserved and shall L pass to and be held by the \lortgagee herein as security for the indebtedness to the Atortgagee herein described ~ or hereby secured, to the same extent that it would have been preserved and wouid have been passed to and been i held by the ~tortgagee had it been duly and regularly assigned, transfened, 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 intention o[ the parties hereto that the same will be satisfied and cancelled of record by the ; holders thereof at or about the time of the recarding of this mortgage. 1 5. In the event the oK~nership of the mortgaged premises, or any part thereof, becomes vested in a person other than the 1lortgagor, the ~tortgagee may, without ~otice to the !~lottgagot. 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 µithout in any Way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises herebp mortgaged and no forbearance on the part of the hlortgagee. and no ex- • tension of the time for the payment of the debt hereby secured given by the tilortgagee shall operate to release, discharge, modify, change or a[fect the original liability of the ~lortgagor herein either in whole or in part. 3 - 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- ness, however evidenced, whether by said prumissory note or any renewal or extension thereof or substitute there- for, or otherw~ise, until all such indebtedness shall have been fully paid. ' ~ 7. !n 1he event the mortgagors sell, convey or ?ransjer the mor~gaged premises during the liJe oJ this mort- ~ ,~aRe, then this mor(gaRe shall, at the option oJ Ihe ,SlortRagee herein, become immediotely due and payable jor the jult sum oj the principal balance and interest then due. ` 8. The terms "lNortgagor" and "1~lortgagee" whenever used in thi~ instrument shatl include the heirs, personal representatives, successors and assigns of the respective parties hereto. Whetever used the singular number shall include the plural and the plural the singular, and the use of any gender shall include all genders. ? - Sign d. sealed d~ve d the presence of: (Seal) ~ ^ ~ (Seal) ! ~ [~Jr.c.~ ~ ~ ~t'- STATE OF FLORIDA I COUNTY OF ~ ` ~S ST . LUCIE ' Before me personally appeared DONALD NAPIER atld THE1~1A L. NAPIER~ his wife~ ; to me w•ell knov?~n and known to me to be the individuals desctibed in and who e~ecuted the foregoing instrument. ~ and acknowledged before me that they executed the same for the purposes therein exptessed. WITNESS my hand 3 and official sea! in the County and State last aforesaid this 23rd Day of September, 1972 ~ ~ ~ , . • . y , ; ; : ~1y Commission Fxp~~es: June 30, 1975 _ Notary Public, s~acz ~r Florida ai~ e~~ - _ fIlEO AND RECORQED ~ _ « ~ ~ , s _ ' ST. IUCtE COUNTII FLA. ~ = r ~ ~ ~ : : ~ _ RBCEH POITRAS ' ` ~ _ CtERK ClRCWj COURT - ~ ;j!~ :~,c ; oECORD VEF~1F!EO~~~. g ' . `'y,.. ~ . - S~ 18 10 24 AM 1Z 238'7'7'7 o R , - - ~ i-= soaa2~ ~T: _ .~X-:~ ~ ~ ~ ~z~ = ~ ~ ~4. N' ~ ~ ..~,~~h'`~~~-. ,