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Home My WebLink About5782 Our file 5-26,111 th~. m~~:iKa~c or .~~hr~ Itansle~ of h~le w ~he mo~tKaged p[oprrty ~n e~un~uuhment ol tht indebledness secured heren~, ~11 n~At, utle ~nJ ~nte~e.t ~~i ~he Nor~~asor m and ~o any insuran.e pol~c~es ~hen ~n (urce shall pass to the puicMser or Rramee. lA1 Tu prri~Km. ..~p1Y ~'~tA and al~iJe n~ each aod evety the st~pulalwns, a~teements, cond~liuns and Covenanls ~n s~~d prom~~~uty n.~te end ~n th~. dcrd .r~ fur~~. 1~ ~ lhr~ N.~~v ~H ca~d sum. ut mone~ Arrc~n reirrrrd tu be not promptly and (ull~ paid r~th~n f~hrm dry~ ne~t alier ~h~ ceme .r~rralty becomes due and payaAle,~x i( eacA and every the s~~pulaUOns, a(ueements, :nndihons and co~enantc ol .a~d prumi.. .on• note and th„ deed, ar e~the~. are not fu11Y p~r(Mmed. compl~ed M~th and ab~ded by, ~he .a~d aE~regate sum menuoneJ m:a~d pr..m~.cur> m~te shall become dur anJ ~1.1).Ihif Irnthw~~A ix therea(ter at the opt~on of ~he \tortRa~ee as (ully an~! complr~ely as ~i ~hc .a~d aKIt~~R•+~r wm ot sa~d promi.~urv note rac „ng~natly supulated tu be pa~d on .uch day, anythm6 m sa~d prom~~so~y note or here~r. t.. +hc .~,m~,,r~ nntauhstand~n~t. ~r ~ Th.,~ in ~•rJe~ t.. r..elente ihe matur~ty of lhe inJebtedness hereby tiecured. Aetaust ut the fa~lure ot ~~e ~tor~~ta<<.r w pay any ia~, .,c.r..mrnt. I~rA~l~t). obl~gation or rn.umArence upan sa~d propertY. as Aere~n pro~~ded. ~t shall not be neces.ary cx reQu~sue tha~ the c,••~K.~Ke~ .nau f~r.~ ~ay ~he +ame. Thr \totlga~ee may, at h~s opt~on, and without waiving his right to accelecate the indebtedness hereb~~ .«urrJ anJ a~ forecluse the same, pay either before ot aftet delinquency any or all ot those certa~n obligatians req?urcd hy th~ terms hereof to be paid by the \lortgagor for the protection of the mc~rtgage security or fot the cal- Ir~t:~~n ~~f the ~ndebtednecs herzby secured. All sums so advanced or paid by~ the 4lortgagee shall be charged into thr ~n~~rtgage account and become an ~ntegral part thereof, s4~ject in all respects to the terms, condition~. and c~..•rnants oi the aforesaid ptom~sson~ note, and this mortgage, as fully and to the same extent as though a part ~~f the ~~ng~nal ~ndebtedness ev~denced by said note and secured by this mottgage. excepting however, that said .um~ .h:~li br repa~d the \lortgagee forthv?ith upon its demand and be in addition to the regular monthly install- ment~ prov~dcd by the mortgage note. 3. That ~he abstract or abstracts of title covering the mottgaged ptoperty shall at all times, dur~ng the life th~. mortgage, rema~n in possession of the !1lortgagee and in event of the fateclosure of this mortgage or other tran.frr ~~f title to the mortgaged property in extinguishment ot the indebtcdness secured hereby, all right, t~tle and interest o! the \tortgagor in and to any such abstracts of title shall pass to the purchaser or grantee. ~1. T~~ th~ extent of the ~ndebtedness ol' the Mortgagor to the Mortgagee described herein or secured hereby, the ~lortgage~ is h~reby subrogated to the lien or liens and to the rights of the owners and holders thereof of each and r~•en• mo~tgage. lien or other incumbrance on the land described herein which is paid a~d 'or satisfied, in wh~~lr or ~n part. out oi the proceeds of the loan described herein or secured hereby. and the respective liens of sa~d mortgages. liens or other ~ncumbranccs, shall be and the same and each of them hereby is preserved and shall pass iu anJ he held b>~ the ~lortgagee herein as security for the indebtedness to the ;Nortgagee herein described or hereb~ secured, to the same extent that it would have been preserved and would have been passed to and been hetd b~ the ~1~~rtgagee had it been duly and regularly assigned, transfened, set over, and delivered unto the !11ort- gagee h~ separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of rerord, it being the intent~on of the parties hereto that the same will be satisfied and cancelled of record by the holders thereof at or about the time of the tecording of this mortgage. 5. In the event the ov?nership of the mortgaged premises, or any part theteof. becomts vested in a person ~~ther than the \lortgagor, th~ \lortgagee may, without notice to the Mortgagor. deal with such succzssor or suc- cessors ~n ~nterest Mith reforence to this deed and the debt hereby secured, in the same manner as with the ~1ort- gagor w~thout in am~ way vit~ating or discharging the ~lottgagor's liability hereunder or upon the debt hereby serured. :~io sale of the premises hereby mortgaged and no forbearance on the par~ of the Mortgagee, and no ex- tensum of the ume for the payment of the debt hereby secured given by the Mortgageo shall operate to telease. discharge, modif~~, change or affect the original liability of the ~tortgagor hetein either in whole or in part. 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- ness, however ev~denced, whether by said promissory note or any renewal or extension thereof or substitute there- for. or utherv?~se, unt~l alt ,uch indebcedness shall have been fully paid. 1. /n nc~ e~•ent the ?nort~nQors sell, convey o? t?ansJe~ ehe mortgaged premises during the li(e oj this nto?c- xa~e. then thts mortgaRe shalt. at the option oj the ,1lortgagee herein, 6eco?r.e immedia~ely due nnd payab/e Jor the ; iul! sum of ~he p?incipQ! balance and in~erest then due. ~ 8. The tertns "~lortgagor" and ";1lortgagee" whenever uscd in this instrument shall include the heirs, ~ petconal representatives, successors and assigns of the respective parties hereto. Whetever used the singular ~ numbrr shall include the plural and the plural the singular, and the use of any gender shall incfude all genders. 4 / j ~ ned, seal an e ic red esence of: G (Seal) ~ , ~ ~..~-~1.~ -LL'L ' , ~ ~+ti~- (Sea{) ~ ~ ~ ~ LsG~ ~ ~ ~ ~z~ ~ c:c.- ~ ~ STATE OF FLORIDA I ~ COIiNTY OF~If ~ ~s a ST. LUCIE Be(ore me personally appeared HUGH ADDISON atld GLADYS K. ADDISON, his wife, to me well known and known to me to be the individuals described in and who executed the foregoing instrument, - and acknow~ledged before me that they executed the same for the purposes therein expressed. WITNESS my hand and off~c~al seal in the Count}• and State last aforesaid this 28th Day of Deeember, 1972 - ~ n ~ ~.r~~- - - ~ • , , F1 e ~ ~1}~ C~mmiss~on Expires: JuIIe 30, 1975 Notary Public, State of ~ - ~ f1lED ~N~ ~ECORDEO _ ~ -f . = _ . ST. lUC?E C4UNTY f lA~ : T. ROGER POIiRAS = s•,~: ' . . . ~ ~ 6 ' . . RECQP~ YC~`F EU ~OURT ~ :,5; ; ,T3 ti~ ~l2 104oAH • BooK209 ?'AGEZ7~ _ ;~~~55~~ . - r~ ~ 4 _ .