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Home My WebLink About1454 Our file 5-26,267 th~s mort~a~t ot uther Itansft~ of 4ttt tu the mu~t~a~ed proprrty in e?t~n~ui~.~mrn~ u1 tht ~ndehteJet~a ~t~wrS Ac~eb~, ~?1 n~nt, htlc aOd Initti~t 6i IRi t~~i'vi:~isa: ii: a::~ :4 aF.} i..-1.a.._e r_:;:a;° twtn e^ r~•e• _hall ~3.s tn the purcAa~r~ or ~eraniee. (h) To perform, eomply w~th and a~ide by each and every the st~pul~uons, a~~cements, co~d~hua~ ~nd ~otienam. in .aed prumi.+~~ry nae and in th~s deed set fortA. G 1 Thtt if ~ny of taid sums oi monep hcre~n refrrrc~ to bt not ptomp~ly and tully pa~d u~th~n tiftrrn J.~~. nr~t attri the same seve~~lly becanes due and psyaA:e,or ~f e~ch ~nd every• tAe stipulat~ons, agrcements, .ond~uun. rnd co~rnanh of p~wn~.- swy nolt and lAis deed, or e~ther, art not fully periormed, compl~ed w~tA and ab~Jed ~y, Ihe .a~J aggregr~r sum men~~onrJ m sr~d prom~ssay note sAal! become duc aoJ pay~ble tn~th~~tA w the~eafter al the opt~on ot the !llortgagre es fuUp and complrtrly a~ tAr s~~d a~are~~te'sum ot said ptom~sscu~• note was ongmall~~ supulated tu be paid u~ .uch d~p, aeythmg io sa~d prom~saury nnte or Aere~n to ~he contrary not~rithstand~nE, 1 That m ordet to accslerate the mawnty u( the ~ndcbudness htreby secured. Ar:~use uf Ihr fa~lure of tAe \1u~tg~6w pay any ta~, assestmeel, Gability, obli`atiun or cnrumbrance upon sa~d proparq~, u hrrrm prov~ded, ~t shall not be neccs~ary ix rcqu~s~te thai the mcxi~a~ee sA~ll first pay tAe same. The 4lortgagee may, at his option, and without waiving h~s right to accelerate the indebted~ess htreb~• secured and to [oreclose tf~e same, pay either before or after delinquency a~y or all of those certain obligati~~ns required by the terms heteof to be paid by ihe \lortgagor for the protection of the mortgage security or for the col- leclion of the iodebtedness hereby secured. All sums so advanced or paid by the ~lortgagee shall be charged i~to the mortgage account and become an integral part thereof. subject in all respects to the terms, conditions, and covenants of the aforesaid promissory note, and this mortgage, as fully and to the same extent as though a part of the original indebtedness evidenced by said note and secured by this mortgage, except~ng however, that saiJ sums shait be repaid the ~1ortgagee forthwith upon its demand and be in addition to the regular monthly ~nstall- ments ptovided by the mortgage note. 3. That the abstract ot abstracts of title covering the mortgaged ptopert~ shall at all times. during the life of this mortgage, temain in possession of the ~lortgagee and in event of the foreclosure o~ this mortgage or other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, al! right, title and intetest of tht Mortgagor in and to any such abstracts of title shall pass to the purchaser or grantee. ~1. To the eztent of the i~debtedness of the Mortgagor to the Alortgagee described herein or secured hereby. the titottga~ee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each and every mortgage, lien or other incumbrance on the land described herein which is paid and'ar satisfied, in whale or in patt, out of the proceeds of the loan described herein or secured hereby, and the respective tiens af said mortgages, liens or other incumbrances, shalt b~ and the same and each of them hereby is Preserved and shall pass to and be held by the ~lartgagee herein as security for the indebtedness to the tilortgagee herein described or hereby secuted, to the same extent that it ~•ould have been preserved and would have been passed to and been held by the Mort~a;ee had it been duly and regularly assigned, transferted, set ovet, and delivered unto the ;11ort- gagee by separate deed of ass~gnme~t, notwithstanding the fact that the same may be satisfied and cancelled of record, it being the intention of the parties hereto that the s~me will be satisfied and cancelied of record bv the holders thereof at or about the time of the recording of this mortgage. S. !n the eveot the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the Mortgagor, the Vortgagee may, without notice to the ~lortgagor, deal with such successor or suc- cessors in interest with reference to this deed and the debt hereby secured, in the same manner as with the 11ort- gagor w~thout in any w•ay vitiating or discharging the Alortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mottgaged and no [otbearance on the part of the !~tortgagee, and ~o ex- tension of the time for the payment of the debt hereby secured given by the !1lortgagee shall operate to release, discharge, modify, change or affect the original liability of the ~lortgagor herein either in v?hole or in part. 6_ The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- ness, however evidenced, whether by said promissot}~ note ot any renewal or extension theteof or subst~tute there- for, ot othetwise, until all such indebtedness shatl ha~~e been fully paid. 7. !n lhe event the mo~tgagors sell, com•ey or transfer the mo~tgaRed preniises du~ing ~he life oJ this mort- Rage, then this mo~lgage shall, at !he option oJ the :tlortgagee herein, become immedia~e.ly due and payabfe jor the Juf( sum oJ the principvl 6alance and interest then due. 8. The tertns "Mortgagor" and "hlortgagee" ~henever used in this instrument shall include the heirs, personal tePresentatives, successors and assigns of the respective parties hereto. w'herever used the singuiar number shalt inctude the ptural and the plural the singular, and the use oE any gender shal) include all genders. ~ Sig ed. sealed a d del~ ere in e presence o. LL~ ~ (Seal) ~ ~ , - ~ ~,[!~L!!~- ~cc~. c2l ~~tJUy~~-~-- (Seal) E<«r:~~i~I r~ „t-~ i i STATE OF FLORIDA I COUNTY OF ~2~ f 'S ST. LUCIE Be[ore me personally apPeared NARRY E. RICNARDS and EDNA LOUISE RICHARDS ~ his wife~ to me well knov?m and known to me to be the individuals described in and who executed the foregoing instrument. and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS mv hand and official seal in the County and State last aforesaid this 20th Day of Janu , 1973 - ; , : y ; t 1 : tty Commission Expires: JuIIe 30 1975 Notaty Public, State of Florida = V" v ar: REC1,~ i~A, ~ " . ~ f 1LE~~ ~ QUN ` - - i i - 4S- Rp~E;.`: ~;~TRAS T -t:-.. . . ' ~ ` c~EF.~ .,:~~~T cau~ ' ry ; . ncr,cf*.:. ~:::~Eu Zg 4 3b P~ ~~3 ~ 246`728 bocK210 PACEI4~JZ ~ ~ ~ . ~ - ~ _ . _ . r , ~_Y.~