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Home My WebLink About2532 Our file 5-25,387 th~. mwtKaKr ~w othrr ~rnn.lr~ oi utlr w thr m.~r[Kagrd propett~ ~n eaungu~~hm-nt oi ~hr indtAtednr» ~e:wrd herch~, aU r~gh~, htle and ~nterest ui the \fungarot ~n rnd to any ~nxuaancr pulic~es thrn m(orce shall paas'to tht pu~cha.cr ur grrn~ee. (h1 Tu prtl~um, .~rnph Muh ~nd ab~de b~ rach ~nJ rvery tAt sUpulshcr~f. a~~eements, cond~t~on. and covrnants ~n sa~d pr~mi.cory nWt and ~n thi. derd .ti iorth. ) Tha~ ~f any uf ~aid sum. ut monry hr~t~n ir(rnrd tu be n~t prwnptly am! tull> paid w~th~n fderen days neat afte~ Ihe r~me ~t~rrrlly be.omos Jue and payable,~u ~f each aod e~e~> the chpulat~ons, ag~tement., cond+t~un. and cu~enan~s o( sa~J prom~s- say nate and th~s dred, ur e~ther, are not tully performcd, comD~~ed w•~~h rnd aA~Jed hy, the .r~d ~ggrcgatt sum menu~~otd ~n sa~d ptwn~ssor~ nutt sha11 bec~xae due and pay~ble fcxthMUh w therea(trr at tAe o{+~ion of the \tu~~~tagee as (ully and complately as if ~he .aid a`~re(tete +um o( sa~d pran~scixy note r•ac on~~nalb' supulated tu be pa~d on such d~y. a~)•th~n6 ~n sa~d prom~sso~y nou or herein ta ?he .onuuy n~~tw~thslandmR. 1 Thet m nrder la ~ccelc~atc the mawnty o[ the ~rtdebtedness httebp ~ecwed, hecause u( thr (a~lure of the \fu~tga~ur ~u pay any ~aa, as.e~~ment, l~ah~l~t>, obl~gat~un ~x .ncumbr~n~e uM~n sa~d pro~rty, as herr~n prov~ded, ~t shall not be nrrrs~ary or reqwsite that the m.xt6agee shall fu.t ~w> the samt. 2. The \lortgagee ma~~, at his opuon, and without v?•aiving his right to accel~rate the indel+tedness hereby secu~ed and tu fore~luse the same, pay either before or aiter delinquency any or all of thase certain obligations tequir~d hy thr terms hereof to be paid b~~ the \lartgagor for the protection of the mortgage secutity or for the col- lecti~~n of tha indebtednecs hereby secured. All sums so advanced or paid b~~ the ~lortgagee shall be charged into the martgage arce~unt and become an integcal part thereof, subject in all respects to the terms, conditions, and ~ cavenants oC tha aforesaid promisson~ nute, and this mortgage, as fully and to the same extent as though a part ' of the original indebtedness eridenced by said note and secured by this mortgage. excepting how~evet, that said sums shall be repaid the !~lortgagee forthwith upon its demand and be in addition t~~ the regular monthly install- ments provided by the mortgage note. 3. That the abstract ~~r abstracts of title ravering the mortgaged property shall at all times, during the life of thi. murtgage, remain in M~s~ession of the \tottgagee and in event of the foreclosure of this mortgage or other ; tra~sfer of title to the mortgaged properry in extinguishment of the indebtedness secured hereby, all right, title ' and interect of the \1~~ttgagor in and to any such abstracts af title shall pas~ to the purchaser or grantee. 4. To the extent af the indebtedness of the ~lortgagor to the ~lottgagee described herein or secuted hereby, the ~lortgagee is hereb~~ subrogated to the lien ar liens and to the rights o[ the ow~ners and holders thereof of each and ever~ mortgagc, lien ot other incumbrance an the land described herein w~hich 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 ~ncumbrances, shall be and the same and each of them hereby is preserved and shall pats to and he held by the ~lortgagee hereen as security for the indebtedness to the ~tottgagee herein described or hereb~• secured, to the same extent that it W~ould ha~e been.preserved and would have been passed to and been held b~• the ~tortgagec had it been duly and regularly assigned, transfetred, sEt over. and delivered unto the Mort- ~ gagee b~~ separatz deed of a~signment, notwithstanding the fact that the same may be satisfied and cancelled of record, it be~ng the intention of the parties heretu that the same will be satisfied and cancelled of record by the € holders thereof at ~~r about the time of the tecording of this mortgage. 5. In the event the ow~nership of the mortgaged premises, or any part thereof, becomes vested in a person other than the \tortgagor, the ~tortgagee may, v?~ithout notice to the Mortgagor, deal with such successot or suc- cessors in interest ~ith reference to this deed and the debt hereby secured, in the same manner as with the ~1ort- gagor Without in am• Nay vitiating or discharging the ~tortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no Corbearance on the part of the (1lortgagee, and no ex- tension of the time for the payment of the debt hereby secured given by the \lortgagee shall opetate to release. discharge, modify, change or affeet the original liability of the \lortgagor he[ein either in whole or in part. _ 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- ness, hoKever evidenced, whether by said promissory note or an~• renewal or extension thereof or substitute there- , ; for, or other~ise, until all such indebtedness shal! have been fully paid. 7_ M Nie eren~ rhe mortRaRors se11, com~ey or t.ansJer the mortgaged premises during the liJe oj this mo?t- ~ qa~e, then thrs morlRa,¢e shall, at the op~ion oJ the .11o?tRagee herein, 6ecome immediately due and payable Jor the i fufl sum of the pr~ncipal balance and interest then due. 8. The terms "~lortgagor" and "Nortgagee" whenever used in thi~ instrument shall include the heirs, personal tepresentatives, successors and assigns of the respective parties hereto. Wherever used the singular ; number shall include the plural and the plural the s~n~p~r, aQd the use pf any gender shall include all genders. 1 l Y i ~ _ ~ I Si ned, seal a Je ver in the presence of: o, 1,.. Seal) ~ J~ ~ _~L ~~~~c ~ (Seal) ~ i e ~ ~'y} ~ t G tt.~ t~ry s' STATE OF FLORIDA I ~ ; COUVTY OF~$(~E ` ST. LUCIE Before me personal~~~ a~~eared WILLIE ELLIS and QUEEN ESTHER ELLIS~ his wife~ to me ~ell knov?n and known to me tu be the individuals described in and who executed the fotegoing instrument, ~ and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand ~ and ~~f~~cial seal ~n the Count~ and State last aforesaid th~s 21St Day of September, 197,a,`,~'y'0 f'a . O jy , _ ' ~j'~, `O I i_ ~ - -,c ~ June 30 1975 ' ~ty Comm~ssion [:xp~res: s Notary Public, Sta , 4 ~ ~ :r~~ ; ~ ~ ~ • , a aECpaoEp "~•~'~~~~~~~,~s~'* ` f lED AND i~.WC1E COUNTY F~A. ' qQCER POITR OURT ~ ' CLERK CIN.CUI?~ RECOR~ VfR'F~EO p~ 3 t0 ~9 ~M'' Z aooK 2C1s 139ooL - - - - ~ ~ ~ ~~~A , ; - , ~r - ~ ~ ~t 4 ~'k~; ~ ~'4~. `s J ~ f ~ ~ ~~.,~~~w~~r4~v ~ ~ , .r