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Home My WebLink About2540 th~s mon~~~e a other tnnsfe~ of utle to iAe mort~a~ed properly ~n eaun~u~ahment o1 the inJebt~dntss secuted hereh~~, ell n`h~, t~~te and ~mt~esl o( the Mortp~o~ in ~nd lo any ~nsunnce put~c~es eRee ~n forre shall pass ~o tDe purchuer or ~ranue. lh) To perfam, comply v~th ~nd aDide by each and er~ty the supulaUOns, ssreements, condiUon+ and co~enants ~n said promissory no~e and ~n th~s deed aet tatA. 1~ ) 7ha~ ~t any ot s~id sums ot mune)' herein rc(errcd to be not prwnptly and fully p~~d ~uA~n h(teen dr~s ne~t a~ter tAe same severally secomes due and p~ya~le, a it eacA aod eve~y the stipulaU~~s, ~~ceements, cond~uonc and covenants of ~a~d promix- swy note and ttns deed, or euher, ue not futlY D~?~~+~d, curuplud ~r~th and ab~ded Dy, the sa~d aae:.gee~ swn menuoneJ in sa~d pronussory nott shall becaee due and paYa~le t~+r~Arith a ~hereafter at tAe option of ~he l~latsa`ee ss (ully and completely as ~he s~~d a«re~ate swe ot sud ptamssay note ~ras or~s~nslly st~pulated to be p~~d on such day, anyth~n~ ~n sa~d prom~:sor~• not~ M MlttlR ~ to the cantraty notrithstu~d~n~. ' ' ~ 1 That m order to accelerate tAe mawn~y of the mdebtedness hereby .ecwed, because oi ihe (a~lure ot thc ~I01IjdjJf pr. any ~aa, assessment, lub~lny, oDl~~atio~ or en:umbiance upon sa~d propeuy, a~ here~n pruv~ded, tt sAal! no~ be ne.e~.ary ~ te~ws~te that the mosi~agee shall hrst pay the s~me. • The 11ot~gagee may, at his option, and without waiving his right to accelerate the indebt~dne~s hereby secured and to forectose the same, pay either before or after d~linquenc~ any or all of those certa~n obligations required by the terms hereof to be paid b> the ~lottgagor for the protection of the mortgage security or far the col- le.:t~an of thz indebtedness hereby secured. All sums so advanced or paid by the hlortgagee shall be charged into th~ mortgage account and bcc.,r„e an integral part thereof, subject in all respects to the tetms, cor?d~tiuns, and covenants of the aCoresaid promissory note, and this mortgage, as futly and to the same extent as though a part uf the original indebtedness evidenced by said note and secured by ihis mottgage, excepting however, that said sums shall bt ~epaid the Mortgagee fotthwith upon its demand and be in addition to the tegular moethly install- ments provided by the mortgagc note. 3. That the abstract or abstracts of title covering the mortgaged property shall at all times, during the life .?f this mortgage, remain in possession of the !~lortgagee and in event of the foreclosute ot this mortgage or other transfet of title to the mortgaged property in extinguishment of the indebtedness securcd hereby, all right, ti11e and interest of the Nortgagor in and to any such abstracts oP title shall pass to the purchaser or grantee. ~i. To the extent of the indebtedness of the ;Nortgagor to the hlortgagee described herein or secured hereby, the ~tartgagee is hereby subtogated to the lien or liens and to the rights of the owners and holders thereo[ of each and every mortgage, lien ot other incumbrance on the land described herein which is paid and'or satisfied. in whole or in patt, out of the proceeds of the loan described herein or secured hereby, and the respective liens of ~aid mortgages, liens or other incunsbraoces, 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 for the indebtedness to the ~loctgagee herein described or hereby secured, to the same extent that it would have been preserved and would have been passed to and been held by the Alottgagee had it been duly and regulacly assigned, transfened, set ovec, and dclivered unto the A1ort- gagee by separate deed of assignment, notwithstanding ihe fact that the same may be satisfied and cancelied of recard, it being the ~~tention of the parties hereto that the same Kil! be satisfied and cancelled of record by the holders therec~f at or about the time a!' the recording of this mortgage. 5. !n the event the ownership of the mortgaged premises, or any part thereof, becomPs vested in a person other than the M~rtgagor, the ~lottgagee may, without notice to the ',1lortgagor, deal with such successor or suc- cessors in interest Kith reference to this dee~ and the debt hereby secured, in the same manner as with the Nort- gagor w•ithout in a~y way vitiating or discharg~ng the \tortgagor's liabitity hereunder or upon the debt hereby secured. No sate ot the premises hereb~• mortgaged and na Corbearance on the part of the ~lortgagee, and no ex- tension of the time fo~ the payment of the debt hereby secuted given by the !1lottgagee shall operate to telease, discharge, modify, change or affect the original tiability of the !1~ottgagor herein eithet in whole or in Part. 6. The lien of this deed secures and ~hall continue to secure payment o[ said indebtedness or indebted- ness, how•ever evidenced~ whether b}^ said promissory note or an~~ reneWal or extension thereof or substitute there- for, or otherwise, until ail such indebtedness shal! have been full~• paid. 7. In the event !he mo~tRaRors sell, convey o~ transfer the moitRaged premises during the tiJe oj this mort- xa,~e, then th?s mortgage shell, at the oplion of the .11or~Ragee heie~n, 6ecome imn+ediately due nnd payable Jor the lull sum oJ ~he principal balance and interest ~hen due. ~ R. The tecros "1lortgagor" and "~lottgagee" whenever used in this instrument shall include the heirs, ~ perconal representatives, s~ccessors and assigns of the respective parties hereto. Wherever used the singular number shal! include the plural and the plural ihe singular, and the use of any gender shall include all genders. ~ Si ned, seale nd e~•ered n the ptesence of: (Seal) , Q ' ' ~ (Seal) L -~ft~l/ J . ~t_~-~~C---Q-1~c/ STATE OF FLORiDA I COtINTY OF ~ ~s sT. LuczE Bofore me personally appeared H~~~I~~ISO~N~~ un~a~r~ie~r~omanan, and GLADYS K, to me well known and known to me to be t e ~ ~v~dua s escr~ e in an w o exec~ed the (oregoing instrument, and acknowledged befote me that they executed the same for the purposes therein exptessed. WITNESS my hand and offic~al seal ~n ~he Count} and State iast aforesaid th~s 3rd Day of February, 1973 ' , ~.1 ~ cs C ~ .J ' . - _ y~ . ~fy Comm~ss~on Expires: June 30~ 1975 Notary Publ~c, State of = z= fl~Ep Ak^ F~CORDED - •t~t,r, ~ ST.LUCIE Ct~UNTY fLA. _ y"• •-1 J . ROCE~ PO'TRAS ' x _ CIEFiK CI•'.GU~T COURt - ~ - , , _ - RECCa~ vE~.~%sED.,.~.,~.. - FEe 8 12 ~6 PN'73 , , ~ 2~~so4~ ~QOx 210 ~~~E2537 - _