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Home My WebLink About2880 Our file 5-25,653 ih~, m,~:~Ke~c o+hr~ transiei nf uUe ~u the mu~tgased proprrq m e*t~ngw~hmen~ ot the ~ndehtedness secwrd I+erc~~. ~U ngAt. utie .,nd in~err~~ ~Ae \1o~~Ra{ur ~n and to any msurance pulic~es then ~n turce .hall pa~s ~o ~he purcAaser or Rramte. Ihi T~, ~r~~.•~m. ...mplY ~'~th and abide hy e~ch and every the supul~uons, •~ieements. condu~on~ and coven~m. in .e~d p~um~.~ury n:.ar end in th~. .:rcd fo~th. ~ lhr~ u.~o> nt .a~d sum. ot mone> hrre~n rrtarrcd tu Ae not prompti>' and fuliy paid ~~~h~n i~i~ren Je~. ne~t ane~ ihr .eme ..~rraliy becomes due and paYaAle.~r ea.h and every lhe ~hpula~~uns, aprcemrnts, randit~on. aed emenantc ~d sa~d prum~.- ..~n notr anJ ~h:~ dred, or euher, are not iully periormed, compl~ed ~~th rnd a~~ded Ap, the .aid aR~~ega~e sum menuonrd m~aid pn~m~cscN~ no~e cAali bec~xne dur and pav~hle inrth~~th ~v therea(te~ at the ophon of thr \iort~a~ae as tuliy ~nd complr~elY a~ ihr ~a~d aKRreR.atr .um ol said prort+~..~,n o~te ~as onr~nallY supul.ted to be paid on cuch drY. anythm6 m sa~J promis~ory nnte or herr~n ~h~ :,,nu,r> n:,r.uAstandmR. ~r 1 Th,r ,~rder u~ a.cNerate the nutunt> uf the mJebtedoess hereby secuted, briause ut ~ht (a~lure o( ~he Siw~~tr~i.~ pa> any ,,c.c~.mrn1, luhi~~t~, .~I~gaUan ~.r rn:umbrrnce upon sa~d property, as herc~n proe~ded, ~t shall not be neces.ary a reQu~s~~e tha~ thr r~~~r~Ka~re .hall iv.~ pe>' Ihe same. Thr ~lortgagee may, at h~s opuon, and without wa~v~ng h~s nght to accelerate the indebt~dness hereby .crureJ and to forecluse the .ame, pay either before or aftet delinquancy any or all of those certa~n obligations rryulr~d hy the terms hereof to he paid by the ~lortgagor for the protection af the mortgage secutity or for the col- le~t:on ~~f thr ~ndebtednecc hrreb~• secured. Ali sums sa advanced or pa~d by the !Nortgagee shall be charged i~to thc r-n~rtgagr account and become an integ~al part thtreof, subject in all respects to the terms, conditions. and c~~~•enant~ ol thr aforesaid pmm~ssor~• note, and this mortgage, as fully and to the same extent as though a part ~~t the original ~ndebtedncss er•~denced by said ~ote and secured by this martgage, excepting however, that said .um~ .hali b~ repa~d the ~lortgagee forthwith upo~ its demand and be in addition to the tegular monthly install- ~nent. providcd by the m~~rtgagt note. That the abstract or abstracts of title covering the mottgaged pcoperty shall at all times. during the li[e ~~t ~h~. mortgage, remain ~n p~~ssession of the ~lortgagee and in event of the foreclosure of this mortgage or othrr tran.lrr ~~f ti~le tu the mortgaged propert~ ~n extinguishment of the indebtedness secured hereby, aU right, title :inJ mterest of the ~lortgagor in and to an}• such abstracts af title shall pass to the purchaser or grantee. a. T~~ ~hr exten~ of the ~ndebtedness of the Mortgagor to the Mottgagee described herein or secured hereby. the \t~~rtgagee herzbc subrogated to the lien or liens and to the rights of the ow~ers and holders thereof of each and e~er~~ mortgage. I~en or other incumbrance on the land described herein which is paid and'ot satisfied, in wh~~lr ~.r ~n part. out oi the proceeds of the loan described herein or secured hereby, and the respective liens of ,~id m.~rtg:~ges. I~ens or other incumbrances, shall be and the same and each of them hereby is prcservzd and shall pa~. and he held b>• the \tortgagee herein as securit~~ for the indebtedness to the !1lortgagee here~n described or herrb~ serured, t~~ the same extent that it would have been ~+reserved and would have been passed to and been held h~ ~he ~t~~rtgagee had it been duly and regularlS assigned, transfened, set over. and delivered unto the Mort- gagee b~ :eparate Jeed of ass?gnment, notwithstanding the fact that the same may be satisfied and cancelled of rrr~•rd. ~t br~ng the intrnuon of the parties hereto that the same will be satisfied and cancelled of record by the holden thereof at or about the t~me of the recording of this mortgage. In the event the ownership of the mortgaged ptemises, or any part thereof. becomes vested in a person ~~ther than the ~tartgagor, the ~tortgagee may, without notice to the !~lottgagor, deal with such successor or suc- re•.~~r. ~n ~nterest N~th refennce to this deed and the debt hereby secured, in the same manner as with the \lort- gag~~r N~thout ~n an. v?ay v~uating or discharging the !~lortgagor's liabiliry hereunder or upon the debt hereby se.ured. ti~~ sale of the prem~ses hereby mortgaged and no forbearance on tht part of the Mottgagee, and no ex- ien.,~,n of the t~me fur the pa~•ment of the debt hereby secured given by the ~lortgagee shali operate to release, discharge, m~~d~f~~. changc or affect the original liability of the ~1o[tgagor herein eithet in whole ot in part. b. The I~en ~,f th~s deed secures and shall continue to secure payment of said indebtedness or indebted- ness, however e~•idenced, whether b~~ said promissory note ot any renewal or extension thereof or substitute there- E f~~r. ~~r ~~therw~~e, until all ,uch indebtedness shall have been fully paid. ( /n rhe ~~~•t•nt ~he~ mo?~,~aRors sell, com•ey o? t?ansJer ~he mortgaged premises during the IiJe oj this mort- ~ kaec. thc•n rh,s ntnrt,qaRe shall. ut the option oj the tlortgvgee here~n, becorr.e im~nedialely. due and paya6le Jor the jull sum oJ the ~rincipal balance and interest then due. The tertns "!1lortgagor" and "\lortgagee" K•henevet used in this instrument shall include the heirs, per.onal repre~entat~ves, successors and assigns oC the respective parties hereto. Wherever used the singular number ~hall ~nclude the plural and tl~e plural the singular, and the use of any gender shall inclade all genders. ~ S n d, . eale nJ e red i t e sence o• ~~u "f ~ (SeaU (Seall ~ c~-c/ ~ ~ ~ c~ Z STATF OF FLORIDA I ('Ot;hTY OF ~ ~ ~s ST. LUCIE ~ Beiore me personally appeared MARY G. BAIRD, 3ri unmarried woman, ~ t~? me v?ell known and known 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 therein expcessed. WITNESS my hand ~ and official seal in the County and State last aforesaid this 26th Day Of ~ er, 1972 ~ ~h C~~mmission Ftip~«s: June 30, 1975 Notary Public, State of ~ `f--r - ~ - . , ~ ~ = FILEO ANL' °ECOROED _ ' ! - ~ ; r i~ . ••J' ST. tUC~E C~UH1Y flA. ` : . ; : ~ : ROGEP. YO~1RA5 _ . ' t!( C : CIERK Ct:tCUlt COURT ~ - _ _ y RECORG~ERIf~EO~..~--~ * 6 2 2s PN'1Z " t~u ~41410 . aoox 2~~ ~act . ~ . : ~s - ~a5 . _~r,_._... .