The URL can be used to link to this page

Home My WebLink About1989 Our file 5-26,509 iA~s :nat~~st a olher tr~ns(er of utle to tAe ~art~a~ed ~toperiy ~a tiunauuAa+ea: o! lAe ~ndebsclness accwc~ Auel~y, •It nYAt, ~~il; and ~ete~:st o( the A1ai~s{a ~e ~n.l ~c a~y ~~awance pu:~t~es tAte ~n (otte sAall pass ~o ~Ae purch~se~ M~ran~ee. (h1 To perfwm. cwepty f~W and ae~Je b~ e~cA and evtry 1he sapu~~t~uns. •{~eements. conJ~t~ons aod caven•n~. .ai1 p~.~m~....~> no~e a~wi ~n t~is deed se~ lartA. That H any o! aaid awns o( ~eoney he~e~n retencd :u se nat praeptlv and fulh p~~d r,tAu+ I~~icre a.+~. n.•~ ,,~i;r the saae se~eeally Secomts due and p~Yable,~x eacA and ~Yl~1 !At SUpYItUORS, a~~eements. cund~uiu?s am! co.er.ant...f .~~J peom~.- say eote and th~• detd, or euAer, ate not (uGy pe~(at~d, cc+mplied ~r~~h and ab~ded by, tRt .s~s ~~irepte sum menuunrd ~n ~a~d pam~sswY note shall SecoAt d~e and pa~aDle [a~h~~tA a theres(u~ at tAe optu.n of the AlortY.*ee as tulh' ~n~ compleiely i~~e ca~d ss{re~att swe ot sa~d praeussory note r~s or~~~nally st~pui~ted to be pa~d on auc~ d~Y. ~n)cA~n~ Y~ sa~d pean~sso~y ~u~r ~x here~n to the coMrary notruhs~snd~n~. U! That in Mde~ [o acceltc~te tAe matunty ut the indebtedness Ae~eby secured, becausc o( tAe (a~iure ot tRe Mw~~a~w i~• D•) •ssecsment, I~ab~l~ly, obli~ahoo ar rncumb~~nce upon sa~d propsrty, •s herein n~o.~ded, u shall not bt necec.uy ur reqwc~~e rAat ~hr m.xtsa~ee sAall (ust pay the yame. The ~lortgagee may. at his option. and without waiving his right tu accclerate the indebt~lness hertb~~ secured and tu foreclose the same, pay either be[ore or after deli~quency any or all nf those cectain obligati.?ns ~equired by the terms hereof to be paid by the !~btt~agor [or the pcotectioa of the martgage secucity or for the rol- iect~an of ihe indebtedness hereby secured. All sums so ad~ anced or psid b~~ the !~lottgaaee shall be charted into the mortgage account and become an inte~ral part theteof. subject in all ~espects to the term~, conJiti~~nc, and covenants of the afwesaid promissory note, and this rtwctgage. as fully and to the same extent as thaugh a part of the originai indebtedness evidenced by said note and secured by this rr~rtgage, excepting howe~er, that said sums shall be repaid the Mottgagee torthwith upan its demand and be in additio~ to the regular munthly in.tall- ments provided by the m.~rtgage nole. 3. That the abstract or abstracts of title cov~cing the mortgaged property shall at all times. during the lile of this mortgage, remain in passession of the Alortgagee and in event of the focecfosure of this mortgage o• ath~r transfer of title to the mortgaged property in extinguishmcnt o[ the indebted~ess secured hereby. all right, title and interest of the \lortgagor in and to any such abstracts of title shall pass to the purchaser or grantee. ~1. To the extent of the indebtedness of the !Nortga6or to the Wartgagee described herein or secured horeby, the !11o~tgagee is hereby subrogated to the lien ot liens and to the rights o[ the owners and holders thereof of each and every mortgage, lien or other incumbranca on the land described he~ein which is paid ar?~I'or satis~ied, in whole ot in part, cwt o: the proceeds of the loan described harein or secuted hereby. a~d the respective liens of said mortgages, liens or other incumbrances, sfiall be a~d the same a~d each of them hereby ic preserved and shall pass to and bc held by the Mortgagee herein as security for the indebtedness to the \lortgagee herein described or hereby secured, to the same e~tent that it would have been preserved and would have been passed to and been held by the ~Mrtgagee had it been duly and tegularly assigned, transferted. set over. and delivered unto the ~1ort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satis~ied and cancelled of rccord, it br~ng the intention of the parties hereto that the same w~ill be satisfied and cancelled of record by the holders thereof at ~~r about the time of the reco~ding of this mortgage. 5. In the event the ownership of the mortgaged premises, or any part thereoi, becomes vested ~n a person other than the ~tortgagor, the \lortgagee may, w~ithout notice to the ~lortgagor. deal with such successor ~~r suc- cessors in interest w~ith reference to this deed and the debt hereby secured, in the same manner as w~ith the \lort- gagor w•ithout in an}• way vitiating or discharging the ',1lortgagor's liab~lity hereunder or upon the debt hereb~- secured. No sale of the premises hereby rtx>rtgag~d and no forbearance on the part of the \lortgagee, and no ex- tension of the time Cor the payment of the debt hereby secured given by the ~lortgagee shali operate to releace, discharge, modify, change or a[fect the original liability of the \tortgagor herein either in whole or in part_ 6. The lien of this deed secures and shall continue to secure payment of said indebtednesc or indebted- ' ness, however e~i~.lenced, whether bq said promissory note or am renewal ~r extension thereof ~r substitute there- ~ [or, or otherw~se, until all such indebtedness shall have been fully paid. ~ 7. !n t6e eti•en~ the niertgaRors sell, com•ey or lransJer the mo~~gaged premises du?ing the !i/e nj this mort- RaRe, then this mortRaRe shall. nt the option oJ the .1fo?tRagee herein, 6ecome immediQt~ ly duP and ~nyable Jo? tl:r ~ (u!J sum oJ thr principol Galance and interest th~;~ ~ 8. The terms "'.lbrtgagor" and ";1lartgagee" w•henever used in this instrumrnt shall include the heirs, personal representatives, successors and ass~gns of ihz respective parties heteto. W~herever usrd the singular number shall include the plural and the plural the singuiar, and the use of any gender shall include all genders. i ~ ~ gned, se ef red i the pres~nce n[: (Seal1 ~ ~ ~ ~ ~ " ~ l~esll f U ~l(.G~ ' . t L ~s-i ~t~ STATE OF FLORIDA I COUNTY OF ~ ~ ~s ~ ST. LUCIE BeCvre me personally appeared JOHNNY CAI'iDELL and JOYCE CARDELL, his wife~ to me well known and known to me to be the individuals desctibed in and who executed the foregoing instrument, and acknow•ledged before ~e that they executed tne same for the purposes therein expressed_ WIT[vESS my hand and offic~al seal in the County and State last aforesaid this 24th Day of February, 1973 . y c;. ~0/~. ~ . . . ~ - _ r r~ : ~ " ~ ' _ ' - ~ _ . ~ ~ty C«nmiss~on E~pires: Jut1e 30 ~ 1.97~ Notary Public. State of Flor ~h ~ , : - i~ ~ F •~NtY l~• - - ° - _ ix ~i-~~j '1. _ :fiAS ~ . Fo;~ * ~,UItT t~ ~ Clf-K C ~u~ ~ ~f- ,cii ~ ~ P.ffGE;'• +i ~ 6 L s~ PM'~3 ~ ~ U R z~~ Pd~f1987 24914'7 BooK ~ f ~ ~ - _ _ _ _ _ - - - ~ ~X _ r ~ - ~ ~ : _ s ~:-.,~b,~. . y " ~;`~~,~,~s:-