HomeMy WebLinkAbout3977 ~ Our file 5-26,025
th~. murt~tagr ~w .~ihr~ u~n.lr~ ot t~tit ta thr ~noitKaKrd ptopr~t~ ~n rwn~;u~+hrt~ent thr ~ndt~tr.lnt.. .c.wrd hr~rb), eli nght, htlc
and ~n~err.t thr \lonfsgo~ in and to an~ ~n.urancr pulicir~ ihrn ~n tor.r .h~ll p~.. ~u ~hc pur~ha.rr .x grantrr.
Ihl T.. p.•~~.Mm. ..wnpl~ ~~ih and sb~dr b> c~cA ~nd c~et1 thr st~pulat~.~n., a~r;.rr:cn~~, iurJiuon. .~nd ,o~rn~nt. in .a~d prom~.~.~r~
notr rnd m ~h~. drrd .rt Iurth.
1 Tha~ d any ~~t .a~d .um. ut ~nonr> hrrt~n rcf~•rr.•d ia Ar m~t pnunptl> ,.nd full> paid itA~n iif~rrn day+ nect ~Ite~
the samc ~c~rrrlly Ariumr~ Jut and pry'ahlt,~K ~f ea.h and e~cr> the .~~pul~ti.m>, ag~rcmrn~., :~~nd~unn. and cu~enant. of ,aid D~umi+-
say notr and tA~s Jrcd, or t~ther, arr not fully performrd, :ompl~ed u:th ar.d .,b~dc1 hy, ihr .a~d ~~egrrga~r cum mrnuoncd in sa~d
pc~m~sxory ~u[e shall bccane due and payrhlr fruihw~th .N thcarattrr at thr ~~pt~~~n of the \IurtgaKcc a~ full~• and ca~mplctely a~ ~f the
.aid ag6reRate +um of said pr~~mi..ury notr was .~nK~nally' st~pulatel tu be pa~d ~n .u.h d~y. an~th~ng m sa~1 ptomi~sur)' note ot hert~n
tu thr i.~ntrarp nutrithstand~ng.
1 Tha~ in ordrr tu acreleiatr tAe mawii~>' u( thr ~nJrbtrdne.. hercby .r.wed, br.au:r of thr t~~lurr uf iAe \turtg~ga~ tu pa) any ~~s,
asse~sment, ?iah~iit>. .~hl~grti..n ~x rn.umbran.e upon +atd p~~~pen>, a~ hrrrin pru~~Jed, u~h~ll not be nt:t.~ary .x rcqw~~le thal tAt
mu~tgagee .hall firse pry the <amc. ~
Thr \tor~g:?gee ma~•, at his option, and ~~ithaut Na~~'ing hi~ r?ght to ac~eierate the indebtedness h~reb~•
secured anJ t.~ (oreciuse the >ame, pay eithet hefore or a(ter del~nquency an~~ or all of th~~se certain obligations
requ~red by thr terms hereof t~~ he paid b}~ the \lortgagar for the protection of the rn~xtgage security or for the col-
lection o[ `the indebtednec. hereby secured. All sums su ad~~anced or paid b~ ~he ~tortgagee shall be charged into
thc mortgagr accuunt and bra~me an ~ntegral part there~t, subject in all respccts to the term~, conJitions, and
cuvrnunts ot" thr afuresaiJ prumissur~ note, and this mortgage, as fully anJ to the same extent as though a part
~~f the original indebtedness evidenced by saiJ note and s~cured b>~ this mortgage, excepting hov?•ever, that said
cums shall be repaiJ the \lortgagee forth~~ith upon its demand and be in addition tu the cegular monthly install-
ments provieied by the mortgage note.
3. That the ab.tract ~~r ab~tracts of title covering the mortgaged property shall at all times, during the life
uf this mortgagc, remain in p~~s.ess~on of the ~fortgagee and in event uf the foreclosure oC this mortgage or other
transfrr uf utl~ tu the mortgaged property in extinguishment of the indebtedness secured hereby. all tight, title
and ~nterest of the \tortgagor in and to any such abstracts of title shaU pass tu the purchaser or grantee.
~3. To the eztent of the indebtednzss of the \1~~rtgagor tu the ~turtgagee d~scribed herein or secured hereby,
the ~tortgagee ~s hereby subro~ated tu the lien or liens and to the rights of the ow~ners and holders thereof ol each
and every mortgage. lien or other incumbrance on the land described herein which is paid and'or satisfied, in
w~hole or in part, out of the pmceeds of the loan described herein or 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 to and hc he1J b~• the \lortgagee herein as security for the indebtedness tt~ the Vortgagee herein described
or herebv secured, t~~ the same extent that it w~~uld ha~•e been preserved and w•ould have been passed to and been
held by the ~t~~rtgage~ had it been duly and regularly assigned, transferred, set over, and delivered unto the ~1ort-
gagee b~ separate deed of ass~gnment, notw+thstanding the fact that the same may be satisfied and cancelled of
record, it beir.g the ~ntenuon of the parurs heretu that the same Kill he satisfied and cancelled of record by the
holders thereuf at or about the time af the cecording u! this mottgage.
5. In the e~•ent the ownership of the mortgaged premises, or any part thereof, becomes vested in a person ~
other than the ~turtgagor, the \tortgagee ma~~, Nithout notice to the \tortgagor, deal with such successor or suc-
cessors ~n intere~t ~ith referrnre to this deed and the debt hereby secured, in the same manner as with the \tort-
gagor without in ~ny way vit~ating or discharg~ng the ~lortgagor's liabilit~ hereunder or upon the debt hereby
secured. No sale ~~C the premises hereby mortgaged and no forbearance on the part of the ~lortgagee, and no ex-
tension of the time for the payment of the debt hereby secured given by the \lortgagee shall operate to release,
' discharge, mod~f}-, change or aCfect the uriginal liability of the ~lortgagor herein either in whole or in part.
k 6. The Gen ~~f th~s deed secures and shall amtinue to secure payment af said indebtedness or indebted-
I ness, however .:videnced, whether by said promissor}~ note ar an~~ renewal or extension thereof or substitute there-
! for, or otherNise. unt~l all tuch indebtedness shall have been fully paid.
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~ 7. /n Nic ercnt the mort~aqo?s sell, com•e~• or transfer the mort,qaged premises during the life oJ this morh
``s ka~e. then tl:~s mort~a~e shall, at ~he option of ~he 31o?t~~uxee leerein, hecnme immediately due~ and payable for the
~ fufl sum ol fhe ~nnc~ral hulance~ and inle?est tht~ii diie.
~ 8. The tecros "~lottgagor" and "~lortgagee" whenever used in thiv in~trument shall include the heirs,
~ personal representatives, sucressors and assigns nf the respective parties hereto. N'herever used the singular
number shall incluJe the plural and the plural thr singular, and the use of any gen~er shall include all genders.
~
Signed, ealed and li • d ~ the resence of: t1 ' ( 7~~''f'2-~~ (Seal)
~
~ `
~-'e (Seal)
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L-r~l~ c-,~-Lt~u
~ STATE OF FLORInA I_ „
~ COl'NTY l)F~ `
~ ST. LUCIE
Befure me pecsor.all~ appeated GORDON L. MOORE and GEORGIA MOORE, hiS wife,
~ t~~ me uell known and know~n te~ me to be the indn•iduals described in and who executed the [oregoing ~nstrument.
and acknowledged hefure me that they executed the same for the purposes therein expressed. WITNESS my hand
~nd <~ff~cial ~eal in the Cvunt} and State la.t af~~tetia~d th~~ 16th Day of Deeember, 1972
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~1}• (~~~mm~ss~un f=.~pire~: June 30~1975 tiotar}~ Publ~c, Statc ~~f Florida at~
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° R 209 PA~E 971
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