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Home My WebLink About5790 0~ file 5-26,112 th~s mortpse or other ttansfe~ o( u~le w ~he mu~~Ka~eJ prope~ty io e~unruuAment ul ~he ~ndebteJne» se.urrd hrrcM, ,11 r~~tAt, ~ule and in~e~est of tAt Mot~~a~u~ m rnd to any ~nsuran:e pul~c~e+ the~ ~n (urce shall pass ~o tAe pwtAaser or Krantee. (h) To petfam, comply ~~tA and ab~de b~ tach and avcry tAe st~pulat~ons, ~~rrements, conJ~Uon. and co.enan~. ~n .aid pr.~m~.~ur> note and in tA~s deed set fortA. ) Thal ~ny o( s~id sums ot mu~ey hrrcm te(rrtrd to bt n,:t promptly ~nd fuily pa~d w~th~n f~Ncrn Jav~ nc~~ ette~ the samt severally Eecomes due and psyable,ar ~f euA a~d every the supulahons, aRcecmtn~s, condiui~n. and co~enan~. ol .r~d p~wn~~- sory note ~nd tAia deed, or e~tAer, are not tully pcrfcwmed, compl~ed ~•~th and abided Ay, the +asd agerega~r sum mrnuunrd ,n .e~d prom~ssory nott shall btcomt due and payable fortA,?ith ix therea(te~ aI the opuun of the \1or~gagrr as (uUy and completel)' as ~f ~hc sa~d s«re~~te swa o( said p?um~sxory note r~as ong~nally st~pulated to be pa~d on such dyY, anyth~n6 ~n sa~d prom~+~ur~~ ni~tc or here~n to tAt contrsry eotWithstand~n~. Q) That m order to accelea~te the mawn~~ of the mdcbtedness hereby secured, because o( ihr (a~lure ot ~he \1uug~go~ io pa~ rn>' t~~, assesxment. I~ab~lity, obl~sahon rx encumbrance u{K~n sa~d property, as hrre~n pru~~Jed, ~t sha11 not be ~e.e~.ary or rcQu~s~te tha~ ihr mo~tsa~ee sh~ll first pay the ~ame. 2. The Mort~agee may, at his option, and without N•aiving hi~ r~ght to accelerate the indebtedness hereby stcured and to foreclose the .ame, pay either befote or after delinquency any or all of those certain obligatiuns required by the terms hereof to be paid by the \lortgagor for the protectio~ of the mortgage security or for the col- lection of the indebtedness hereby secured. All sums so advanced or paid by~ the !1lortgagee shall be charged into the martgage account and become an integral part thereof, subject in all respects to the terms, conditions, and covenants of the aforesaid prumissory note, and this mottgage, as fully and to the same extent as though a part af the original indebtedness evidenced by said note and secured b}• this mortgage, excepting how~ever, that said sums shall be repaid the 111ortgagee fotthwith upon its demand and be in addition to the regular monthly intitall• ments provided by the mottgage note. 3. That the abstract ot abstracts of title covering the mortgaged property shall at all times. during the life of this mortgage. remain in possession of the \lortgagee and in event of the foreclosure of this mortgage or other transfer of title to the mottgaged property in extinguishment of the indcbtedness secuted hereby, all right, title and interest of the ~lortgagor in and to any such absttacts oC title shall pass to the purchaser ot grantee. 4. To the extent of the indebtedness of the Mortgagor to the (1lortgagee described herein or secured hereby. the ~lortga~ee is herCby subrogated to the lien or liens and to the rights of thi cwners and holders thereof of each and every mortgage, lien or other incumbrance on the land desctibed herein which is paid and'or satisfied. in whole ot in patt, out of the proceeds of the loan described herein ot secured 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 ~lortgagee herein as security for the indebtedness to the !1lortgagee herein ~iescribed or hereby sccured, to the same extent that it would have been pteserved and would have been passed to and been held by the Atort~agee had it been duly and regularly assigned, transferred, set over. and delivered unto the \lort- gagee by sepatate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of recotd, it being the intention 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 recording of this mortgage. S. In the event the ownership of the mortgaged premises, or any part thereof. becomes vested in a person other than the !Nottgagor, the \lortgagee may, without notice to the 1lortgagor, deal with such successor or suc- cessors in interest v?ith reference to this deed and the debt hereby secured. in the same manner as with the ~fort- gagor w~thout in any way vitiating or discharging the ~lortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises'hereby mortgaged and no [orbearance on the part of the Mortgagee. and n~ ex- tension of the time for the payment of the debt hereby secured given by the ~lortgagee shall operate to release, discharge, modify. change or affect the original liabiliry of the 'Nortgagor herein either in whole or in part. 6. The lien of this doed secures and shall continue to secure payment of said indebtedness or indebted- ness, however evidenced, whether by said promissoty nate or any renewal or eatension thereof or substitute there- ior, or otherv?ise, until all such indebtedness shall have been fully paid. 7. /n the event rhe mo~tRagors sell, com•e}~ or transjer the mortgaged premises during the lije oj this mo?t- ; Rage, then this moregage shall, al the option oj the ,1lortgagee herein, become immediatel~~ due and paya6le Jor the ~ jull sum oj the principal balance and interest then due. , 8. The terms "Mortgagor" and ";~lortgagee" w~henever used in this instrument shall include the heirs, ; personal reptesentatives, successors and assigns of the respective parties hereto. Wherever used the singular € number shall include the plural and the plural the s~ngular, and the use of any gender shall include all genders. s : ~ ~ ~ Sig d. sealed de ~ve d the presence of: eal) ~ ' ~ • ~~Ll1~?~~a11 ~ r GItG~ ~ c- s- st-2 c.1 ~ ~ . ~ STATE OF FLORIDA I ~ COUNTY OF ~ ~ ~S ST. LUCIE ~ Be[ore me personally appeared LAWRENCE MASTRIANO attd ROSE V. MASTRIANO ~ his wife ~ ~ to me well knovm and known to me to be the ind~viduals described in and who executed the foregoing instrument, = and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand and official seal in tht Count~ and State last aforesaid this 30th Day of December, 1972 r; _ . ~f .,u~~f~~~~~~'i~ '~:v I, ~~'i! s;y ~ %~`t ~ , C ! ' L . ' ~ ~1y Commission Expires: _ _ .jtlri@ 30 ~ 1975 fvotary Public, State of Florida S ~ "s ' ` _ : _ ftLED AMG RECOROEO " ~ i- _ ~ =T. LUCIE ~OUMTr fLA. ~ ~ ~ ~r ; ' ROG~F. i Jt'~AS . ~ ~y ~ CLERK;...GvlTCOURT C r' : ~ RFrC~n vE°'=IEO ~ ;,"~';;','~'Y' ~ 11 il ~4 AH'73 = 2455~8 u R 209 PAGE27~ 600K ~ r ` ~ y _ , r. . , . . . " ~ . . ~ G'.. ,