The URL can be used to link to this page

Home My WebLink About1526 Our file 5-25,786 ~A~. mun`age ~x o~her uansier o( u11e ~u tAe mo~~~a~ed prope~ty ~n e~ue~u~a~ment o1 ~he tnJel+iednea~ ~e.u~rd he~en~, ,11 n~{h~, ~~ilr anJ ~ntere:t uf the Mo~tp~w ~n and to aoy ~nsuranct polic~es ~hen ~n turce shali paas to tAe purcAaser ai ~r~n~ee. Ih? To peri~ym, :wnply +ntl? snd ab~dt by each and e~ery the st~pulat~~s, a~~eemeota, c~nd~t~on~ and ccven~ntc ~n .,,~d prom~~~.~i> noie and ~n th„ dee~ se~ forth. 1 TAa~ d any ot sa~d swns ol montY here~n re(rrred to be not p~omptlS' anJ tull~ Da~d ~~tMn hurrn s~>. ac.[ ,,zie~ ~Ae same ceverally becomes due and payable,ar ~t each and every the +~~pulauuns. eR«<m~~~~. ~~~~,~~~~nc and co~en~n~. of .a~d prum~~- say oote and ~h~s deed, or t~thtr, ~re not (ully per(ormed, canphed W~tA and ae~ded h~, the ~a~d aR~rera~e sum menuonrd ~n ~a~d ~~~missor> note shall becane due aMf paYable (~tA.i~h or IAereatur at tAe ophue~ ot thr \1w~Ea~ee as tully aaJ :nmplrteh a. ~t ~Ar .aid aR~rt~ate swn o( ~a~d prom~scory ne~t wsc on~mallY supula~ed to be pa~d on .utA day, anyth~n~ m sa~d prcxn~ssurv note or herein tht :on~rar~ notr~lhstandin~. U 1 Tt+a~ ~n ~rder lo ac~Netatt tht matunty uf tAe mdebtedness hereby cecured, Ae.ause o( the fa~lure of the ~tor~~aa~~~ paY +M' ec.e~:ment, I~ab~i~ty, obl~~~t~on or en:umbrance upon sa~d proper~y, as harein prov~ded, sAall not be ne.es.ary cx reqws~~e that ~hr m.~riRJ~!! sAall hrst pay the same. The Wortgagee may, at his aption. and without waiving h~~ right to accelerate the indebtedness hereby~ .ecured and to forecluse the same, pay eit!?et before ot aftet delinqutncy any or all of those certain obligati~~ns . rcquued by the terms hereof to be paid by the 1~lottgagor for the protection of the mc~rtgage secur~ty or for the col- le~tion of the indebtedness hereby secured. Ail sums so advanced or pa~d by the Mortgagee shall be charged ~nto thr murtgage account and become an integcal part thereof, subject in all respects to the terms, conditianc. and c~~venants of the aforesaid promissory note, and this mortgaEe. as fully and to the same extent as though a part ~~f the orig~nal indebtedness evidenced by said note and secured by this mortgage, excepting however, that seid ~um~ ~hall be repaid the !~lortgagee forthwith upoo its demand and be in addition to the regular monthlr install- ~n~nts provided by the mortgage note. i. That the abstract or abstracts of titte covering the mottgaged property shall at all times, during the life uf thi+ mor[gage, rema~n in possession of the Mortgagee and in event of the foreclosure of this mortgage or other tran.frr of title to the mortgaged propetty in extinguishment of the indebtedness secuted hereby. all right, title and ~nterest of the ~lottgagor in and to any such abstracts oi title shall pass to the purchaser or grantee. ~3. To the extent of the ~ndebtedness of the 1Aattgagor to the hlortgagee desctibed herein or secured hereby. the ~tortgageels hereby subrogated to the lien ot liens and to the rights of the owners and holders thereof of each and even~ mortgage, lien or other incumbra~ce on the I~nd described herein w~hich is paid and or satisfied, in w~holr ar in part. out of the proceeds of the loan described herein ot 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 pass su anJ he held by the ~lortgagee herein as security for the indebtedness to the hlottgagee here~n described or hereby ~ecured, ta the same extent that it would have been ptesenred and would have be~n passed to and been held by the ~lortgagee had it been duly and regularly assi~ened. transferred. set over. and delivered unto the A1ort- gagee b} separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it being the intention of the parties hereto that the same will be satisfied and cancelled of record by the holders thzreof at or about the time of the recording of this mottgage. 5. ln the event the ownership of the mortgaEed premises, or any patt thoteof, becomes vested in a person ~~ther than the \lortgagor, the ~tortgagee may, without notice to the !~lortgagor, deal with such successot or suc- cessors in interest M•ith reference to this deed and 1he debt hereby secured. in the same manner as with the \tort- gagor N~thout in am~ way vitiating or discharging the ;~lortgagot's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbe~rance on the part of the Mortgagee. and no ea- tens~on of the time fur the payment of the debt hereby secuced given by the \lortgagee shall operate to relcase, discharge, modify, change or affect the original liability of the hlortgagor herein either in whole or in part. 6. The lien of this deed secures and shall contioue to secure payment o[ said indebtedness or indebted- ness, hov?ever evidenced, w~hether by said promissory note or any renewal or extension thereoC or substitute there- for. or otherw~se, until all such indebtedness shall have been (ully paid. ~ 7. In the erenr the mortRagors sell, con~~ey or trans/er Ihe mortgoged premises during the liJe oJ this mo?t- ~ RaRe, then rh~s morlgage shall, at the option oJ rhe lfortgagee herein. 6ecom.e inunediately due nnd puyable Jor the ~ul! sum oJ !he pnncipa! lwlance and inttrest then due. E 8. The tertns "Moctgagor" and "Mortgagee" whenever used in this instrument shall include the he~rs, ~ personal tepresentatives, successors and assigns of the respective patties hereto. Wherever used the singula~ number shall include the Plural and the plural the singular. and the use of any gender shall include all genders. r / i ed in he rese l" ' - - (SeaU S~g d, seal p (Seal) ~ -f~ l./~ ~ ? ~ cyC i i7'C _d ' ` / . STATE OF FLORIDA I CQLNTY OF~~ ~ ss ST. LUCIE , Belore me personally appeared ANNE LEE COLLINS~ also known as AuiN1m~r~~~d wom~nS, an to me well known and known to me to be the individuats described in and who executed the (oregoing ~nstrument, and acknowledged before me that they executed the same for the purposes therein eapressed. WITNESS my hastd , and official seal in the County and State last afotesaid this 16th Day of November, 1972 ~ ~ ~ . `I 0 l ~ ~,y~,'~ ~ - - f• N = ~ - ~ ~1y Comm~ssion Expircs: JuIIe 30, 1975 Notary Public. State of F ~ ~°3 -1: ~ : ' y - ~ fllE^ ?.~i:. G7Y F~, _ .'1 es ' ' ~ gT.i.U%~~ _L~jM~aS Pu~~~ ~c G4UAT CIC~~• '.'c RECt,~e . y j] ~a 1~ u R ~ 242624 aoox~$ ~acE15~ w ~ ~ -:4-~~ ~ - ~ - - ~ ~ ~ -