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Home My WebLink About5779 ' Our file 5-26,099 thu monss~e or other tsansfe~ oi uUr ~u ~he mortr.red prope~~y m e~un~u~shment ut i~e ~ndebteJnesa se.urrd hccrh>, ,11 i~EA~, hele and ~ntereit ol tAe Mort~a~w ~n and to any insutan:e pulicies t~en ~n (orce sAall pass to ~ht purchase~ or ~~antee. iA) To petfam, comply w~th and ab~.~e by each and rvet> the st~pulahons, a`reements, cond~t~un~ and co~enant. ~n .aid pn+m~.~ur> note and in tA~s deed se~ fo~tA. (i) That it ~oy ot s~id suma ol muney he~e:n refer~cd ~u'+r not promptl)' and (ull) pa~d ~~~Mn hftcrn d~y. nc~~ ~ttct the same severally Secomes due and payable,~x e~rA and eve~y the supulauons, ag~remancs, :und~~~on. and cu~enrnts a~ .a~J p~wn~~- sory notc and this deed, or euher, are not (ully performcd, compl~ed +ul~ and ab~ded ~y, the ,a~d agEregatr sum menuunrd in ~a~d ptom~sso~y nolt aAall pecomt dur anJ payable fortAw~th cx thereafter at the opUon of the \1o~tg~~re as fully end comple~rl>~ a. J thr aaid a«tt~~te sum of sa~d ptom~~soty note ~as orig~nally supulated to be pa~d .x~ such d~y, anyth~ng ~n sa~d prom~s~or>' note on c~rein io ~Ae contrsry notWithatandina. 1 Th~t ~n order to atceletatt thc mawrny of the ~nJebttdness hueby secured, hecause o( t1a (a~lure ot the \lurtgagor paf any ~a~, assessment, G~b~iity, obli~atio~ ~~t encumbrance upun ~a~d property, as Aerc~n prc~cidcd, ~t shall not be ne.rs~ary ix reyws~~e tha~ thr monss~ee sh~ll first pay the same. 2. The ~lott~agee may, at his option, and without waiving hi~ r~ght to accelerate the indebtedne~t hereb~• s~cured and to foteclose the same, pay either before or after delinquency any or all of those certain obligati~~ns required by the tetms hereo! to be paid by the ~lortgagor for the protection of the mnrtgagt security or for the cot- fection of the indebtedness hereby secured. All sums so advanced or paid bp the hlortgagee shall be charged into the mortgage account and become an integral part thereof. subject in all respects to the termti, conditions, and covenants of the aforesaid pt~~missoty~ note, and this mottgage, as fully ar.d to the same extent as though a part of the original indebtedness evidenced by said note and secured by this mortgage, excepting how•ever, that said sums shall be repaid the ~lortgagee fotthw~ith upon its demand and be in addition to the regular monthly in~tatl- ments provided by tht mortgage note. 3. That the abstract or absuacts of title covering the mortgaged property shall at all times, during the tife of this mortgage, remain in possession of the Alortgagee and in event of the foreclosure of this mortgage or other transftr of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all right, title and interest of the Noctgagor in and to any such abstracts of title shall pass to tho putchaser or grantee. 4. To the extent of the indebtedness of the Martgagot to the I~lottgagee described herein or secured heteb~~, the ~lortga~ee is hereby subrogated to the lien or liens and to the rights c; t!:e ownets and holders thereof of each and evsry mortgage, lien or other incumbrance on the land described herein which is paid and "or satisfied, in whole ot in part, out of the proceeds of the loan described herein ot secuted hereby, and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each of them hereby is preserved and shall pass to and be held by the ~tortgagee herein as security for the indebtedness to the Alottgagee herein described or hereby secuted, to the same extent that it would have been preserved and would have been passed to and been held by the A1ort`a~ee had it been duly and regularly assigned, transfened, set over, and d~livered unta the \lort- gagee by 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 cancelle.a. af record by tFe holders thereof at or about the time of the recording of this mortgage. 5. In the event ihe ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the Mortgagor, the \lortgagee may, without notice to the ~tortgagor. deal w•ith such successor or suc- cessors in interest w'ith reference to this deed and the debt hereby secured, in the same manner as with the ~tort- gagor w~thout in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereb}• secured. No sale of the premises hereby mortgaged and no [otbearance on the part of the !4lortgagee, and no ex- tension of tht time for the payment of the debt hereby secured given by the ~lortgagee shall operate to release, discharge. modify, change or affect the original liability of the ~1ortgagor herein eithet in whole or in part. ~ 6. The lien of this deed secures and shall continue to secure payment o[ said indebtedness or indebted- ~ ness, howevet evidenced, whethet by said promissory note or any renewal or extension thereof or substitute there- for, or otherwise, until alt such indebtedness shall have been fully paid. i 7. In the event the mortgagors sel1, con?~ey or trarisJer the mo?tgaged preneises during the life oJ this mort- gaRe, tRen this rriortgage shall, at the option oj the ;1lortqagee herein, become imrriedialeey due and payable (or the ~ Ju11 sum oJ the principal balance and ~nterest then due. ~ 8. The terms "Mottgagor" and "~lortgagee" whene~er used in this instrumeot shall include the heirs, ~ personal representatives, successors and assigns of the respective parties hereto. w'herever used the singular ~ number shall include the plural and the plural the singular, and the use of any gender shall include all genders_ ~ , ~ / 1 ~ Si ed, seale nd liv ed the presence of: r ~ (Seal) ~ ~ ~ ~ tSeall a ~ ~.LU_~' ~J- ~~~~,-~-d - ~ " STATE OF FLORIDA I COUNTY OF ~X~QC ~ ~S ¢ ST. LUCIE ~ Before me personally appeared C1~I~LE$ ~,E$$I, an unmarried [IIari ~ = to me well knovm and known to me to be the individuals described in and who executed the foregoing ~nstrument, _ and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand - and official seal in the County and State last aforesayd this 30th Day of Deeember, 1972 - . ~ • ~ ~i Q : ~i ~~~i . ~ C l ~ ~ 1 ^ r': ~ ; 1 O ~ r ~1y Commission Exp~tes: JuIIe 3O, 197~ (~iotary Public, State of Florida _ _ ~ ~ J ; + 'y ~ND RECORD~R " : FIL UCIE COUlttr F • ~ ~r . ST. L 4~..1 t. , ROCER POlTRAS ~ CLERK C1RClflT COURt REGORO YE~~f1E0 _ ~ ~Z IO 34 AH'~3 u KK209 ~AGE~~69 2~~55~1 se~ ,4 } . :r~ _ _ , . . _ _ . ~ _