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Home My WebLink About1986 , Our file 5-26 s 508 ~A,. ~a.wiiaKe .x .uher ~anste~ of utle to the rsor:~ased prcprrly in ea~toswsAascat o1 t~c ~ndebiedness secured Ae~ee), •U n~ht, tule anJ ~me~e:t .a iAt A1a[as=x ~n ~nd ~o ~ey ~naws~e pohc~es ~hen ~n torct s!?~II pass w the putcAuir a~rsn~ee. l~i To per~.rn~. :wepiy +r~tA an0 ae~de by each snJ every tAe shpulat~ons, aueee~en!s. toadu~a?s sed cm:nams ~n said prom~s~~xy n.it amt ~n ih~. deed set (oriA. tc t 7ha~ d any oi sa~d su~ ct ~ Y he•em retrrred to be not proap~ly snd G~IIy pa~d ~uAin hfteen JaYs ntu alter tAe same crrenlly secomes dve .n,: Da~ahle.a ~r ~,~n aoa e~«y cee :uw~iauoa:. ssrsements. c~od~uons s~d corenants o( ss~d pcan~s• aixy nott aaJ tMs deed, w euAe~, are nol fully per(orsed, caepl~ed ~rith and ab~ded by, ~Ae sa~a akrc~ate sme ~eent?oned ~n s:~d ~r~ymssor> nole shall Stcaee due ami paYS01e (irthr~th a tAeruRer ~t Ufe ophoe of tht \iwtpsee as lully aed eompletely as d ~he ' :a~d a~~re~ate sum o( sa~d prom~sswy note wss on~mslir supula~ed to be pa~d m sucA daY. aoytAms ~e sa~d promis~~xY nou or here~n a. ~he :~M~~~~1 notyuhs~andmE. t~ 1 Th~~ ~n ~.+de~ to aceelerste tAe ma~ur~~y u( the mde~tedness hereby secured, beuuse of tAe ts~lute of the Mat~a~or ~o PaY ~~Y ~c.e.sment, I~ab~luy, obl~~at~a~ ~r encumDrance upw~ sa~d propetty, ss Ae~e~a pro~~ded, ~t sAaU not be aecessary ot tequ~si~t tAat the a.atR~Ree cAall tu~t pay tAe samt. Thr \tottgagee may, at his opt~on. and without waivin` his ritht to accelerate the indebtedness heteby .erured and to forecluse the same, pay either before ot after delinyuency any or all of thase cettain obligatio~s rrqu~rrd by the teims hereof to be paid by the ~lottgaaor tor the protection of the mortga~e security or foc the col- It~t~on of tht indebtedn~ss hereby secured. All sums so a~+vanced or paid by the Mortaaaee shall be charged into ~hr m.~rtgage arcount anJ become au ~ntearal part thereof. subject in all respects to the terms. cor.ditions, and c~~venants of the aforesaid promissory rtote, and this moctga6e. as futly and to the same extent as thou`h a part of the ori~tinal indebtedness ev~denced by said note and secured by this mottgage. excepting howevcr. that said cumc chall be repaid the \lortgagee [otthwith upon its .demand and be in addition to the regular monthly install- ments pravided by the mortgage note. That the abstract or abstracts of title covering the mortaaaed property shall at all times, during the life of th~. mortgagc, remain in passession of the ~iott~agee and in evtnt of the foceclosure of this rtwrtEa~e or other ?ra~.ftr of title to the mortgaged property in extinguishment of the indebtedness secured hereby. alt ri6ht, title and ~nterest of the ~lortgagor in and to any such abstracts of title shall pass to the pu~chaser or srantee. To the extent of the ~ndebtedness ot the Mortgagor to the Moctgagee described herein or secured hereby. the \lcrtgagee is hereby suhrogated to the lien or liens and to the ~ights of the owners ar~d holders thereof of each and eve~y mortgage. lien ot other incumbrance on the I~nd describcd herein which is paid and!or satistied, in w~hole or in part, out of the praceeds ot the loan described herein or secured hereby, aad the respective lizns of said mortgages, liens or other inc~unbrances, shall be and the same a~d each of them hereby is preserved snd ~hall pass to and be hcld by the ~lortgagee herein as security for the indebtedness to the Mottga6ee herein described or hereb~• secured, to the same extent that it would have been preserved and would have been passed to and been hrld by the ~Mrtgagee had it been duly and regulatly assigned~ transferred, set over, and delivered unto the 111ort- gagee b~ separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it being the inte~tion ot the parties hereto that the same will be satisfied and cancel~ed of record by thc holders thereof at or about tht time of the tecording of this mortgate. _ 5. In the event the ownetship of the mortgaaed premises. or any patt thereof, becanes vested in a person other than the Vortgagor, the ~lortgagee may. without notice to the Motigagor, dea! with such successor or suc- cessors ~n interest M~ith reference to this deed and the debt hereby secuted. in the same manner as with the Mort- gagor ~~thout in am~ w~ay vitiating or discharging the Mortgagot's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbesrance on the part of the Mortgagee, and no ex- tensian oi the time for thc payment of the deot hereby secured given by the Mortgagee shall operate to release. . discharge, modify, change or a[fect the original liability of the Alortgagor 6erein either in whole or in part. 6. The licn of this deed secures and shall continue to secure payment of said indebtedness or indebted- ness, however evidenced, whether by said promissoty note or any renewal or extension thereof or substitute there- for, or otherK~se, until al! such indebtedness shall have been fully paid. 7. In the e~•enr the mortRngors sell. convey or transjer the mortgaged premises during the Iife oj deis n~o.t- ~ RaRe. then lhis mortgage shall, at ~he option oJ the ~lortgagee herein, 6ecorr.e immediately due ond payabte joi the E full sune oJ the pr~ncipal balance and inreres[ then due. ~ 8. The tcrms "!Nortgagur" and "tilortgagee" whenever used in this instrument shall include the heirs, perconal representatives, successors and assigns of the respective parties hereto. Wherever used the s~ngular number shall include the plural and the plural the singular, and the use of any gender shall inclode $1! genders. ~ Si oed ealed an eli ~ ed ~ e resence of_ !G ' ~y ° (Seal) B ~'~~P ~ ~ j" ~~~,L.~,Jc~-- C~,a~,E'.C'~a-~ cs~au , . ~ -1.c+c.~. ' ~ c~ ~ STATE OF FLORIDA I ~ COLIVTY OFDJ~ ( ss ST. LUCIE ~ Beiore me personally appeared ROY COLLINS at~d GENEVA COLLINS, his wife, tn me weil knav?m and known to me so be the individuals desctibed in and who executed the foregoin6 instnunent, ~ and acknowicdge~ before me that they eaecuted the same for the putposes therein exptessed. WITNESS my hand 'M~ and official seal in the County and State last afotesaid this 24th Day of February, 1973 ~ , - e~ : .,,:,.,j~^ ~ . ~ . ~ ~ Li.•l',: ~vG, y. ~ ~~75 Notary Public, State of Florida att= . ~iy Commission Expires: Jutie 3O, ~ ~ r~ - f _ - ; _ = `''t~ - - `i = FIIE~~ ~~CG~~ED ~ ~ = ' ' ~ O = ~ ST. IUCiE ~OUNTIr FIA. S , ?~i~. . ' y . . _ r, 'RAS ~ ~ CLE??'~~ :C1;li ~~OURT ~ 'fj--•-•~~ ~ - :~~~=;:n - ~ , tc~:•r_ ~ t~ ~ 2 4~ PM ~~3 R 211 ~~f1984 ~ ~COK ~A 249146 ~a ~ ~ ~ - - ` ;ry _ ~ <<~ ~ ~ N;~'^"~~;.~~"-5`'W'.'r:'~'",' ~e.r.'_ . . 4 ~5ds~.'""'V~