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Home My WebLink About2887 Our file 5-25,655 ih~. mutt~tekc .a o~Arr translt~ of t~11e to ihe mort`a~ed property m eaun~uuhmenl ol the ~ndestedness secured Aeroh~, all n~h~, h~le .,n.f ~n~ere.:~ ~~f ~he \1o~t~s~w ~n ~nd to sny ~nauran~e pol~c~es Ihen ~n fwce shsll pass to the purchaser or ~~an~ee. (h? Tu prr~~.~m, :omply ~~~th and ab~de by each aod every t~e sUpulat~ons, a~reements, condwons and covenar.ts ~e sa~d prwn~csory not~ and in ~h~. deed sot fotth. 1~ ? Thai i( any o( sa~d sum. ot moneY herem ~tfrrred to be not promptlY and tully Pa~d ~•~tAm ht~een d~Y• ntit a1u~ ~he ceme ~rrrrally becomes due and paY~?+~e,~x each and every the supulauons, aRreements, cond~~~ons and covenan~s of sa~d prum~.- s.wr note and tA~s deed, or e~ther, are not (ully pertormed, comDl~ed ~i~h and a~~ded by, ~he sa~d a~{re~att swn menuoncd m sa~d pr..m~.~cx> nute shall be.ome due and payable f~+rihW ~M M ~heres(ter at the option ot the 1Nortp~ce as fu11Y ~nd completely as d~~r .a~d aK~rega~e sum of sa~d prom~s~nry no~e r•as on~~na11Y supulated to be pa~d on sucA d~y, anyth~n~ ~n sa~d prom~ssory note or here~e ~he .nmrer> not~~~hstand~nE. ~i ~ Th;~ m ~rde~ a ac~eleraa ihe matunty of the ~ndebtedness hereby cecwed, bec~use ot the tailu~e of the biw~~a~o~ pay anY ~a~, ,~c.c~..ment, I~rM1U)', c+bLRaunn ~.r rncumbrrnce upun sa~d property, as hercm prov~ded, ~t sha11 not be necessary or requ~sne Ihat the m~.rtR,.Ke~ .hall fu.~ ~wy the same. Thr ~tottgagee may, at h~s opt~on. and wilhout waiving his right to accelerate the indebtedness hereby .crured and to foreclose the same, pay either before or after delinquency any or all of those certain obligations requ~red by the terms hereof to be paid by the 1Aortgagor for the prot~etion of the mc?rtgase security or for the col- ~ lect:on ~~f the indebtedness hereby secured. All sums so advanced or paid by the !Nortgagee shall be charged into the m~~rtgage account and become an ~nt~gtal part thereof, subject in all tespects to the tetms, conditions, and cuvenants of the aforesaid promissory note, and this mortgage, as fully and to the same extent as though a part .~f the original indebtedness evidenced by said note and secuted by this mortgage. excepting however, tfiat said sum~ .hall be .repa~d the !1lortgaget forthwith upon its demand and be in addition to the regular monthly install- ~nent~ pcov~ded by the mortgage note. . That the abstract or abstracts of title covering the mortgaged property shall at all times. during the life ~~f th~~ martgage, remain in possession of the tilottgagee and in event of the foteclosure of this mortgage or othet tran~fer of ti~le tu the mortgaged property in extinguishme~t of the indebtedness secured hereby, ali right, title and ~nterest of the \lortgagor in and to any such abstracts of title shall pass to the purchaser or grantee. ~3. To the extent of the ~ndebtedness of the Martgagor to the Moctgagee described herein or secured hereby, ~he \tortgagee is hereby subrogated to the lien or liens and to the rights of the ownets and holders thereof of each and even• mortgage. lien or other incumbrance on the land described herein which is paid and-or satisfied, in wholr ~x in part, out o( the proceeds of the loan described herein or secured heteby, 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 pass tu and he held b}~ the \lortgagee herein as securit~ for the indebtedness to the Mottgagee herein described ar herebr ~ecured, ta the same extent that it would have been preserved and would have been passed to and been held b~ the \1~~rtgagee had it been duly and regularly assigned, transfened. set over, and delivered unto the Mort• - gagee b~ separate daed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of rrcord, it being the imention of the parties hereto that the same will be satisfied and cancelled of record by the holders thtreof at or about the time of the recording of this mortgage. 5. In the event the ownership o( the mortgaged ptemises, or any patt thereof. becomes vested in a person ~~ther than the \I~~rtgagor, the ~tortgagee may, without notice to the Mortgagor, deal with such successor or suc- cessors in interest Kith reference to this deed and the debt hereby secured. in th~ same manner as with the Mort- gagor ~~thout ~n an}~ way vitiating or discharging che Mortgagoc's liability heteunder or upon the debt heteby secured. V~ sale of the premises hereby mortgaged and no fotbearance on the part of the Mortgagee. and no ex- tens~~~n of the time !or the payment of the debt hereby secured given by the Mortgagee shall operate to release. discharge, mod~fy, change or affect thc original liability of the Mortgagor herein either in whole or in part. 6. The lien of this deed secures and shall continue to secure payment o[ said indebtedness or indebted- ness, however evidenced, w~hether by said promissory note or any renewal or extension thereof or substitute there- for. ur otherK~se, until all such i~debtedne~s shall have been fully paid. ~ 7. /n the e~•ent 1he mortRaRors sell, convey o? transjer the ?nortgoged prer?~ises during the liJe or this n~ort- ~ ka,qe, the» th~s mor~gage shall, ar the op~ion oj the blo?tgagee hereire, 6ecorr.e inimediately due and payable Jor the _ ~ ful! sum of the pr~ncepal balance and interest then due. 8. The tertns "Mortgagor" and "!~tortgagee" whenevet 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 gende s. - ~ ; / , , / . . ~ ~7 / ~ Si ed, sea d li e e p se - (Seap i ;(Seal) v ~i ~i.. ~i C- j~2~-' " ` -L' ~ ~ STATE OF FLORIDA I ~ COUNTY OF j¢~ ( ss ST. LUCIE ~ ~ Before mt petsonally appeared HUBERT G. CASHWELL and DOROTHY L. CASHWELL~ his wife~ - to me well known and known to me to be the individuals described in and who eaecuted the foregoing instrument, _ and acknowledged before me that they executed the same for the p~rposes thetein exptessed. WITNESS my hand and off~cial seal in the County and State last aforesaid this 28th Day of Oetober, 1972 ~ ~ ~ . _ . ~1y Commission Expires: Jut1e 30, 1975 Notary Public. 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