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Home My WebLink About0383 ~Our file 5-26,184 thu murt`a~e a othe~ ttans(er of u~lr tu the mo~tg,,~ed propt~t~ ~n exunRuuhment ut ~ht indt~teJne.a +rcutrd hr~pb>, ,11 nKht, t:tlc rnd interest of the Mottp~w ~n u~xi ~o en> ~nsur~n.r pulic~es iArn ~n furce shall pe+s to the purihaser u~ grantce, (A) To per(am, comply w~tA rnd ab~1e by each and reery thr stipula~~uns, a~rccmenu, cond~UOns rnd co~enen~. in .r~d prom~.~~•ry nutt and in lh~s deed set forth. Thal ~ny o( i~~d sums ol money he~e~n re(errcl w ~e not ~+rwnptiy and (ull~ pa~d ~uh~n f~(tcrn day~. nr~t atie~ the same sever~lly becomes due and payable,or esih and eve~> the snpulat~ons, agrcemrnts, conJ~uons and cocenantti ot ~a~d prom~.- say nott and tAis deed, or e~~her, are not lully performrd, cwnpl~ed ~~tA an1 ab~ded by, the :a~d aggregrte sum mrnuunrd in xa~d prom~ssoty oote shall becaoe due and payable ior~hv.uh ur thercafter st the upuon o[ the \1u~tga~re as futly and complrtrl)• a. if thc said a~~re~~te awa of sa~d ptum~sso~y note was ung~nall> supulrted to be pa~d on .uch drY. anythm6 m sa~d prom~»o~y note or here~n to ~he contury not~rithstandme. Q) That ~e o~der to accelera~e the ma~uniy af the ~ndebtednesc hereby secwrd, hecause uf ~hr failure of ~he \io~igagar pay any ie., asses~ment, IiaA~lity, obl~jation or rnwmbrance upon ~aid pruperty, as hrrr~n prov~ded, u shall not be neces*ary ~.r rtqu~s~~e tha~ thc mortsa~ee sh~ll fust psy ihe same. 2. The \lottgagee may, at his option, and without w•aiving his nght to accelarate the indebtedness hereby secured and to [oteclose the same, pay either before or aCtet delinquency any or all of those certain obligations required by the tetms hereof to be paid by the \iortgagar for the ptotection of the mortgage security ar fot the col- Izction of the indebtedness hereby secured. All cums so advanced or pa~d by the ~lortgagee shall be charged into the mottgage account and become an integtai part thereof, subject in all respects to the terms, conditions, and covenants oG the aforesaid prumissoty note, and this mortgage, as fully and to the same extent as though a pa~t of the otiginal indebtedness e~•idenced by said note and secured by this mortgage, excepting how•ever, that .aid sums shall be repaid the !1lortgagee Corthwith upon its demand and be in addition to the regular monthly instali- ments provided by the mortgage 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 !~tortgagee and in event u[ the foreclosure of this mortgage or other trar?sfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all right, title and interest of the Mortgagor in and to any such abstcacts of title shall pass to the purchaser or grantee. ~ ~1. To the eztent of the inde~ste~+ness of the Mottgagor to the !1lortgagee desccibed herein or- secured hereby. the ~lortga~ee is hereby subrogated to the lien ot lie~s and to the rights of the owners and holders thereof oi each and every mortgage, lien or other incumbrance on the land descr.ibed herein which is paid and'or satisfied, in w~hole or in part, out of the praceeds 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 ~tortgagee herein as security foc the indebtedne~s to the ~lottgagee herein described or hereby secuted, to the same extent that it would have been pteserved and would have been passed to and been held by the 111ort~a~ee had it been duly and regularly assigned, transfened, set over. and delivered unto the ~1ott- gagee by separate deed o[ ass~gnment, 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 rtcord by the holders theteof at or about the time of the recording of this mortgage. 5. In the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the hlortgagor, the ~lortgagee may, vrithout notice to ihe ~tortgagor, deal with such successor or suc- iG'SS'Vi5 iii iit2~cSl Nii~i ici'ci~TiCc iO uii3 uCfu u~~u i~iC uCvi ~i~.~vj S..CuL~Cr+. :i. :::C o.. Y.'::~ gagor without in any a•ay vit~ating or discharging the !1lortgagur's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and na 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, modify, change or affect the original liability of the \lortgagor herein eithet in whole or in part. , 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- i ness, howevet evidenced, whether by said promissory note or an~ renev?al or extension theteof or substitute there- ~ for, or otherwise, until all such indebtedness shall have been fully paid. ~ 7. /n the event rhe ~rortRagors sell, com•ey or transjer the mortgaRed prernises during the life oj this mort- € ~age, then thrs mortgage shall. at the op~ion oJ the ,1lortgagee herein, become immediole[y due and pa~•able for rhe ~ lul! su?n oj the principal balnnce and interest then due. _ ~ 8. The tertns "Mortgagor" and "hlortgagee" whenever used in this instrument shaU include the heirs, " personal tepresentatives, successors and assigns of the respective parties hereto. Wherever used the singular ~ number shall include the pl~ral and the plural the singular, and the use «f any gender shall inclu e all genders. ~ ~ l " Signe , sealed a del~ re i h re ence of: ~L~ ' ~ (Seal) ~ ~ ~ ~ , _ ~ ~ ~~'''L" ~ (Seall ~L~-~ G~'YL~t~ ~ STATE OF FLORIDA I COUNTY OF~ ~ ~S ,ry ST. LUCIE Be[ore me personally aPPeared CARL W. DOUGLAS and WANENA DOUGLAS ~ his wife ~ ~ to me well knovm and known to me to be the ~ndividuals described in and v?ho executed the foregoing instrument. ~ and acknowledged befote me that they executed the same for the purposes therein expressed. WITNESS my hand and official seal in the County and State last aforesaid this 13th Day ~f January, 1973 . : , ::i ~ `i y ~ 1 v Y~ ^ L O f?~. ~ : ~ O _ - ,V. • ~ty Ccxnmission Expues: June 30, 1975 Notary Public. Statz of Florida - e~' ~ y . ~ ~3 , f Q ~ : ~ t, _ ~ # F1LE0 a~D RECOaDEO . i• . a~ St.IU~~E COUNTr FIA. , ~.•~y•~. : RGuE~ }atTR~S CLEQK CI? ~'!it COURT ~ FtECORJ ~E~ :~fE~...~..~~ ~ 4~ PH'13 ~y ~e 2 ~ ~ ~~.0 ~83 F, ~ Bp~~K PAGE 2459'71 ~fi ~f ~~c' ae Y. ti . . . . ~ ,G ..y ~ ~ LL . , i - ~Lsy~'a 2 ,~y .b>•~'~^"~~'~'~"S.hat - 'S'+Y h:'rsa~~- _ - ~~.~a~~.~`.6+'~ nr~..;*c.,r,. . _