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Home My WebLink About1436 Our file 5-25,791 ~A~. m~~c~ia~;c or oihet transte~ nl Utle w the mo~tra~ed propa~~) ~n eaun~{w~Amem the ~ndebtedne.~ secu~rd herr~~. ~11 nrht. ~ulr aa.! ~n~ere:e ~Ae No~~ia~w in •nd to anf ~nswance pol~c~es ~h~n ~n (urce .hall paas ~o the purchaser ar ~ran~ee. 'Ih1 To prr~~vm, :.wnply ~~th and sb~de by each and every ~Ae supulahix~s, a~rcements, cond~twn. ~nd rr.venani~ ~n ~~~d p~,~mi..or> noie and ~n ~h~. decd +e~ (ur~A. 1~ 1 Thal ~f any nf sa~d sums ot mu~eY here~n re(cnrd lo be nol pnvnptly am1 tull> pa~d wuA~n t~ttrrn nc~t ~tirr ~Ae ssme ~rverally Secomes dut snd paYahlt..x i( ea.h and evay tAt s~~pulal~uns, •R~remrnta, :ond~h~~n. and co~enant~ ~v .a~d prum~.- ai.rv note and tA» deed. or euher. •re no~ (ully performed. cwnpl~ed ~Nh rnd ae~ded Ay, ~Ac .aid aK~rc~a~e sum mcnuonrd ~n c.~id ~..m~ssor> n.,te shall becomt due anJ paY~~le (cxtA~uA av the~eatter at tAe opt~on o( the \1ort~ta~re ax tully rnd :omplrtrh as ~i tAr .a~d aR~re~a~e sum ot sa~d prom~s~ory ~ote ~rss ot~~ma11Y supulalcd to be pa~d ~n cuch drY. any~h~n~ ~n sa~J prom~~+on nnte ot Aere~n t.~ ~he :nntrrr~ not~~thstand~eR. 1~ 1 Th~~ ~n nrder Io accelen~e the mawnty uf the indebteJness hereby cecwed, A.taust of ~hr (a~lure o( the \for~Rr~or pa> an)' ta~. ec.e..ment. Iub~1~1>, obliRal~on ~r encumb~ance upan sa~d ptope~ty, as htreie prov~ded, ~t sha11 no~ be neies~ary ~x reqwsue tAat ~Ar m,~~~R~~:et sAall hr.l ~y tht samt. The \lottgagee may, at his aption, and without waiving his nght to accelerate the indebtedne~s hereb~ rured anJ t~~ forecluse the same, pay either before ar after delinquency any or all of those certain obligat~ons requ~red by the terms hereoC to be paid by the \lortgagot for the protection of the mortgage secutity or for the col- It.:tiun ~~f the indebtedness hereby secured. Ali sums so advanced ot pa~d by the ~+lottgagee shall be chatged into th~ r~~~rtgage account an~! become an integtal part thereof. subject in all respects to the tetms, conditionc, and cuvenants of the aforesaid promissory note. and this martgage, as fully and ta the same extent as thaugh a part ~~f the ~nginal indebtedness evidenced by said oote a~d secuted by this martgage. excepting however, that said cum• ehall be repaid the ~lortgagee [otthwith upon its demand and be in addition to the tegulac monthly install- mtnts providcd by the mortgage note. That the abstract or abstracts of title covering the mortgaged property~ shall at all times. during the life ~~f thi. mortgage, remain in {x~ssession of the !1lattgagee and in event of the foteclosure of this mottgage or othet tran~ftr nf title to the mortgaged property in extinguishment of the indebtedness securtd hereby, all right, title and mterest of the \lortgagor in and to any such abstracts af title shail pass to the purchaser or grantee. a. To the extent o[ the ~ndebtedness of the Mortgagor to the Alortgagee described herein or secured hereby. the ~lortgagee is hereby subrogated to the lien or liens a~d to the rights of the ownets and holders thereof of each and every~ mortgage, lien or other incumbrance on the land described hereio which is paid and or satisfied, in whole or in part, out of the praceeds of the loan described herein or secured hereby. and the respective liens of said mortgages. I~ens or other ~ncumbrances, shall be and the same and ~ach of them hereby is preserved and shall pass to and be held by the ~lortgagee herein as securitp for the indebtedness to the ~lortgagee herein described ~ or hereby secured, to the same extent that i: would have been preserved and would have been passed to and been „ held by the ~t~~rtgagee had it been duly and regulatly assigned, transferred, set over. and delivered unto the \lort- gagee b~ separate deed of a~signment, notwithstand~ng the fact that the same may be satisfied and cancelled of rrc~~rd, it be~ng the intention of the parties hereto that the same will be satisfied and cancelled of record by the holders lhrreof at ar about the time of the tecording of this mortgage. 5. In tfie event the ownership of the mo~tgaaed premises, or any part thereof. becomes vested in a person c.ther than the \torigagor, thc \lottgagee may, without notice to the Mottgagor, deal with such successor or suc- cessars i~ ~nterest with reference to this deed and the debt hereby secured, in the same manner as with the ~1ort- gagor N~thout in am~ way vit~ating or discharging the hlortgagor's liability hereunder or upon the debt hereby secured. N~ sale of the premises hereby mortgaged and no forbearance on the part of the Mortgagee, and no ex- tens~on of the time fur the payment of the debt hereby secured given by the Nortgagee shall operate to release, discharge, modify, change or~affect the original liability of the ~lortgagor herein either in whole ot in part. 6. The lien of this~ deed secures and shall continue to secure payment o[ said indebtedness or indebted- ness, however evidenced, w~hethe~ by said promissoty note or any renewat ot extension thereof or substiwte there- for, or otherv?~se, until all such indebtedness shall have been fully paid. i 7. /rr the e?•ent the mor~Ragors seli, con~~ey or transjer the mortgnRed prernises du?ing the lije oj this mort- ! ,qaqe, then this mo.tgage shull, at ~he option oj the !11orlgagee herein, becon:e immediately due and paya6le Jor the ~ ful! sum of lhe p?mcipal 6alance and inrerest lhen due. ~ 8. The terms "\lottgagor" and "4lortgagee" whenever used in this instrument shall include the heirs, personal representatives, successors and assigns o[ the respective parties hereto. Wherever used the singular _ number shall ~nclude the plural and the plural the singular, and the use of any gender shall inciudc all genders. / , ' S~ ed, seal el~ r d in th presence of: (Seal? ~ ~ ~~1~f ~ ~ ~z_~ (Seal) l~ `s /C L. - ! i. i "Yt. _ a V STATE OF FLORIDA I COUNTY OF~~ ~ ss ST. LUCIE Before me personally appeared CHARLES E. WILLIAMS and FRANKIE E. WILLIAMS ~ hiS wife, to me wetl knowr and known to me to be the individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand ~ and offic~al seal in the County and State last aforcsaid this 16th Day of November, Zg7~ 4~ - • ~ . • ~ '~V'r/ , . ~y i ~ ' } ~ _ -~g,~-,' ~1y Comm~ssion Expires: JuRe 3O, 1975 Notary Publ~c, Sta ~e e C> " : -r r- ~ : 1 ~ Nl i) i . ~ ~ ~ DEO ' ~ fILEO~IE C;,11H~Y Fl~• ; ~ ~ ~ 57• POGE*. ~~~iR~5~~1 ~ f ~ , . ~ ~ C`~p~ ~~,`:E;Q CO ) ~ ~ RECORr $ 59 AN'zZ BOOK208 ~~i436 ~ Z~ 242555 `k~ ~'f . ~ ~X i+' E 5~ 3 _ ~ ~7~~•y-r-~,~ ~'4 q 1Y 3~ ~ ~5 3 . _ . ~ . . .