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Home My WebLink About1439 Our file 5-25,790 ~A~. m~.c~~taKe .x oihcr ~nncte~ nf U~It w ~Ae mort~a~ta ptopt~ly in eiunruuhmenl ol the ~ndebtedness secwed he~en~, ~11 n~ht, utle • ~nd ~n~ere.~ the \1o~~~a~w ~n and ~o any inswance pol~cies tAen ~n foree .halt paas to Ihe purchaser or ~nn~ee. Ih~ Tu pi'rl~vm, ..~mply ~'~Ih and ab~de by each and every the sUpulat~ons, apeements, cot~d~hona snd cov~nsn~s ~n sa~d prom~~~ory n,•te nnJ ~n ~h~. dred .e~ lorth. 1~ ? Tha~ it :~ny ~aid sums ut mone) Aere~n re(rrred to be no~ prompNY and (ully Da~d ~uhi~ I~Itetn dsY• neat ~Iter ~h~ semt ~.~rrally ~ecomes due and paYaAie,~x esaA and everY ~ht st~pulauons, asttementc, cund~uoec ~nd to~enan~c o( sa~d prom~~• .,uv nae and thu deed, ot enher, art not fu11Y per[ormed, compl~ed ~uh and ab~ded hy, the .a~d a«teplt awn mea~oned m s~~d pn.m~sso~> no~e shall become due and pa>~ble (athruh iu therea(ter at the opuo~ of the Nort~ta~ee as fully and completely as ~i ~hr ~ai~ ~KR~e~tate .um o( sa~d ~xomis.ory' note vras on~mallY shpul~ted to bs pa~d on such d~Y. anyth~n~ ~o sud pran~ssory note ot here~a t.~ ihe :omro~y not•~uAsundmE. 1 Th,~ !n •~rder to a.:ele~a~e ihe maiur~ty u( the ~ndeDiedness hereby cecured, because of the fa~lure o( lhe Nat6at~x ~u pay any ~a~, e~~e~.m~n~, I~~A~I~t>, i~bl~Eation ~r rnrumbrance upon sa~d ptoperty, as here~n prov~ded, shall not be necescary a requ~sue tha~ the m,~•~Ke~ee .hall tust p,?~• the same. Thr \tortgagee may, at h~s opuon, and without waiv~ng his r~ght to accelerate the indebtedness hereby .r~ured anJ to fore~luse the same, pay tither before or aftet delinquency any ot all of those certain obligatians ~eqwr~d hy th~ terms hereof to be paid by the ~lortgagor for the ptotection of the mottgage security or fot the col- le~t:un ~~f the ~~debtednecs hereby secured. All sums so advanced or paid b~ the Nortgagee shall be charged into the r;~~~rtgage accaunt and b~come an ~ntegtal part thereoi, subject in all respects to the terms. conditionc, and c~•venants of the aforesaid promisson note, and this mortgage. as fully and to the same extent as though a part of the ong~nal i~debtedness evidenced by said note and secured by this mortgage. excepting however. that said .um• ~hall be repa~d the \lottgagee forthwith upon its demand and be in addition to the regular monthiy install- mertts pcov~ded by the mortgage note. Z. That the abstract or abstracts of title covering the mortgaged property shall at all times. ducing the life uf th~. mortgage, rema~n in possession of the 1~lottgagee and in event of the [oreclosure o[ this mortgage or other tran~('tr of ti~le to the mortgaged property in extinguishment of the indebtedness secured hereby. all right. title and inierest of the ~lortgagor in a~d to any such abstracts of title shall pass to tht purchaser or grantee. 3. To the extent of the ~ndebtedness of the Martgagor to the 61ottgagee described hecein or secured hereby, the \tortgagee ~s h~reby subrogated to the lien or liens and to the rights of the owners and holders thereof ot each and every mortgage. lien or other incumbrance on the land described herein which is paid and'or satisfied, in whole ~r in part, out of the proceeds of the loan described herein or secured hereby, and the respective liens of ,a~d mortgages. liens or other incumbrances, shall be and the same and each of them hereby is preserved and shall pass ~o anJ he held by the ~lortgagee herein as securit~ for the indebtedness to the Mottgagee herein described or hereb~~ ~ecured, ta the same extent that it would have been pteserved and would have been passed to and been held b~~ the \lortgagee had it been duly and regularly assigned, transfened, stt over, and delivered unto the Mort- gagee b~ se~arate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of rerord, it being the mtention of the parties hereto that the same will be satisfied and cancelled of record by the holders thtreof at or about thz time of tht tecording of this mottgage. 5_ In the event the ownership of the mortgaged premises, or any part thereof. becanes vested in a person other than the \k~rtgagor, the ~tortgagee may, without notice to the Mottgagor. deal with such successor or suc- ressors ~n ~ntrrest Nith reference to this deed and the debt hereby secured, in the same manner as with the 11ort- gagor ~~thout in am• w~ay vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby secured. 'Vo sale of the premises hereby mortgaged and no forbeatance on the part of the Mottgagee. and no ex- ~ensi~~n of the ume f~r the payment of the dsbt hereby secured given by the Mortgagee shall operate to release, discharge, modif~•, change or affect the original liability of the Mortgagor herein eithet in whole or in part. 6. The I~en of this deed secures and shall continue to secure payment of said indebtedness or indebted- ness, however evidenced, whether by said promissory note or any tenewal or eatension theteof ot substitute there- I for, or otherw~se, until all such indebtedness shall have been fully paid. ' 7. In the e~•ent the mortRago?s sell, convey or t?ansjer the mo~tgaged premises du?ing the liJe oJ this n~or~- ~ xo,qe, then this mo?tgoge shall, at the optiore oJ the Alo~tgagee herein, becon:e immedrately due and payable Jor the ~ (u11 sum oJ the prrncipal balance and interest then due. ~ 8. The tertns "Nortgagot" and "Mottgagee" whenever used in this instrument shall include the heirs. perconal representatives, successors and assigns of the tespective parties hereto. Wherever used the singular number shail ~nclude the plural and the plural the singular, and the use of any gender shall include all genders. ? .y ~ ` Sig d, sealed iv ~n the presence of: ~!~_l~~C '~yl7/~~.-~-FSetl) ^ C ~..~L~ /L~'f~~i,L _ ($C81~ ~ ~j ~c.aLt_~ ' ~t_t-~s C~ STATE OF FLORIDA I COIJNTY OF ~X~ ~ ss ST. LUCIE LESTER GILBERT MORRISON and BETTY L~~ MO~ISON, Before me petsonally appeared 1S Wl @~ to me well known aad known to me to be the individuals described in and who executed the foregoing instrument, and acknowledged before me that they eaecuted the same fot the purposes therein exptessed. WITNESS my hand and official seal in the County and State last afotesaid this 1$th Day of November, 19~2 ~ : ~ 4~ , y Y Q ! ! ~ ~ ` ` • ~~Y ~ 4 ~ ~ June 30 rida ' `0~..'= ~ ~ ~ty Comm~ssion Ezp~res: ~~975 Notaty Public, State of ~ e~" - T~ ~~j, .t~ ~ _ FII.C '.ti„- GvROE~ ' . . . . . ' * . ~ 5T.!U:'; ;:~~'NTY FIA. _ a cP.O~ ''~pA^S'1 p ,,a~~~~,.'~~~ ~r. ~ ~ ClL'~ . ~J~,1 VVV1~T /~i _ at '~i1~... ~C^'1:' ~l~ -r" / No~ 2~I 9 os ~H'7 Z °ooK ~8 PacE~4~ ~ 242556 ~ 6 ~ i' °~.5~..'~.~^* F,w ^'y L , I ~'Y ~~F.~ ~ ~ _ ~ sy "~~r ; ~ _ ~r .~,a : ~ _