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Home My WebLink About1379 Our file Sa26,250 th~s mo~~~a~e a other lans(e~ oi I~tlr to tAe mo~t~ageJ p+ope~~y ~n exu~~u~~hment a ihe ~ndebtedne+a +e~urcd hc~abY, ,11 ~~ghi; c~~le and ~nu~est at tAe Mor~~a{ur ~n end ~o any ~nsurance pul~c~es tAen in force ~h~ll pas~ to ~he pur~haser ur g~antee. (A) To pt~tam, complY vnth and ab~de by cach anJ tvery tAe st~pul~t~ons. i~reements, conditiun+ and co~tnen~+ in .~o~d Prom~~~.~rS note and m tA~a deed set fortA. (i/ That i( ~ny of s~id sums o( money Aerc~n re(e~red ~o be not prompilS' and fully pa~d w~th~n ii(irrn doy. nr*~ atcr~ the same sevenlly becotees due and payaAle,or ~f each end every the st~pulat~ons, aRtrements, cond~Uons and cmenants of .a~d p~wn~~- say not~ and tAis deed, or either, arc not fully prr(o~med, compl~ed +itA and a~~ded by, ~he ,aid aRereR~~r sum mcntwned in sa~d ptom~ssay nOte aAall becucae due and payable fathr~th ur tAereafur at ~he opi~un ot the \1u~t~a`re as fully and completrly as ~f the sa~d a~~tt~~tc swa of said ptwn~s~ory note wu ongioally sUpula~ed tu bt pa~d on such dry, anythm6 m sa~d prom~ssory nott ur hercin to the contrary noNrithstandinR. ) That m order to accelet~te the matunty uf the mdcbtedness hereby secuted, ~ctause of thr fa~lure of tAe ~1o~tga`oc ~u Da>' a^)' ~a~• assestment, I~as~lity, obli~ation ~x encum~unce upun sa~d proprrly, as hcrcm pro~~dcd, ~t shall not be ne.essary o~ requ~srtt that ~he mo~t~a~ee shal) tirst pay the same. The Mortgagee may, at his option, and without waiving his right to accelerate the indebtedness hereb~~ secured and to fortclose the same, pay either before or after delinque~cy any or all of those certain obligatians required by the tetms hereof to be paid by the ~lottgagor for the protection of the mortgage security or f~r the coi- lection of the iodebtedness hereby secured. Ali sums so advanced ot paid b~• the Nortgagee shaii be charged into the martgage account and become an ~ntegral part thereol, sub~ect ~n aii respects to the icrm~, cu~~s+ti~r~~, ar~d covenants of the aforesaid pramissory note, and this mortgage, as fully and to the same extent as though a part of the oriainal indebtedness evidenced by said note and secured by this mortgage, excepting however, that said sums shall be repaid the !1lortgagee forthwith upon its demand and be in addition to the regular monthiy install- ments ptovided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged propetry shall at all times, during the life af this mortgage. temain in possession of the !~lottgagee and in event of the fareclosure of this mortgage or other transfer of title to the mottgaged property in e?ctinguishment of the indebtedness secured heteby, all right, title and interest of the Alortgagor in and to any such abstracts of title shall pass to the purchaser or grantee. 4. To the extent of the indebtedness of the Mortgagor to the ~ioctgagee described herein or secured hereby. the ~tortga~ee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each and every mort~age, lien ot other incumbrance on the land described herein which is paid and`or satisfied, in whole or in part, out o[ the proceeds of the loan described herein ot secured hereby, and the respective liens of said m~rtgages, liens or other incumbrances, shall be and the same and each of them hereby is pteserved and shall pass to and be held by the ~lortgagee herein as security [or the indebtedness to the \tortgagee 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 [1lortsagae had it been duly and regularly assigned, transfened, set over, and delivered unto the ;~1ort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it being the intenti~n of the parties hereto that the same wifl be satisfied and cancelled of record by the holders theteof at ot about the time of the recording of this mottgage_ 5. In the event the ownership of the mortgaged premises, or any part thereoi, becomes vested in a person other than the Alortgagor, the ~tortgagee may, without notice to the ~lortgagor, deal with such successor or suc- cessors in interest N'ith reference to this deed and the debt hereby secured, in the same manner as w•ith the \tort- gagor without in any vvay vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no• forbearance on the patt of the Atortgagee, and no ex- tension of the time for the payment of the debt hereby secured given by the !~lottgagee shall opetate to release, discharge, modify, change or affect the original liability of the Mortgagor herein either in whole or in part. ~ 6. The lien of this deed secures and shali continue to secure payment of said indebtedness or indebted- ness, however evidenced, whether by said ptomissoty note or any renewal or extension theteof or substitute there- I for, or otherwise. until all such indebtedness shalt have been [ully paid. ~ 7. /n the event the mortRagors sell, com•ey or t?ansJer the mortgaged preneises during the lije oj this mort- j RaRe• then this rnortgage shall, at the op~ion oj the .1lortgagee herein, become immediately due and paya6le Jor the i Julf sum oj the p?incipa! bnlance and interest then due. ~ 8. The tecros "Mortgagot" and "!1lortgagee" w~henever used in this insttument shall include the heirs, ~ personal representatives, successors and assigns of the respective parties hereto_ Wherever used the singular ~ number shall include the plural and the plural the singuiar, and e of any nder shall include all genders. ~ ~ , ~ Y ~ ' ~ Signed sealed d ed i t~ p esence ~ (Seal) ~ ftLEO ~H~ RECOROED (SeaU ~ l / ROGf ~ = ;±TRI~S a ~ L' 1c-t-rc~~ ~'l11 ~'s' c. ->.c_i CLERR C~:; COURT ~ rtE~GF~. ~:e,riE".....--- ~ STATE OF FLORIDA I I I Sl ~N J I ss ~ COUNTY OF~X 1 2466?7~ ~ ST. LUCIE ~ Before me petsonally appeared E. CARTHON, an unmarried man, ~ - to me well knov?m and known to me to be the individuals described in and who executed the foregoing instrument. and acknowled~ed before 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 20th Day of January, 1973 , , ' J ~ ' , Sa: • ~ Y ~ \u ~ -f 'j ' J ' - ~i ~ty Comm~ssion Expires: JuI1e 3O, ~.g75 (~;otary Public, State of F~~ " _ A;_~" .1 L)~~ '•y ~<1 :ti: ~ '"~~~_`rt ' ~ ••r tti'` ~'~~~~~~ut~~.~".•. a,o, ~;j ~ s~~K 210 ~~E ~.377 ~ ~ - ~ ~ ~ ~-e _ - _ - = . ~ ri~_s~~