HomeMy WebLinkAbout2728 Our file 5-26, 539
tMs eions~~e o~ otAer uaaafe~ of ~itle ~o ~he mat~~sed prapsrty ut catu~a~~shq~ent o1 tAe ~ndtpte~nrss ucwed Ae~t~)'. rll njAt. ~~ile
and ~n~uest ot Me Aiortauo~ in and ~o aa~ ~n~aaucc polic~es ~Ase ~n furcc sA~?l pau ~o ~Ac purch~:er a tranlac.
(A) 7o per(ur~, camply W~W ~ud ~b~de by each aad e~ar U~e :upui~qo~s, ~~reenuets. cond~uona aed cn~cnan~s ~n c•~J p~.wti~..~a~.
note sm1 in U~~s deed set (atA.
(i) TA~t it anY of sa~d suws ul moeey Aeroi~ ~eferred to St nol prampUy ~nd fully p~~J r~M~n li(~rrn d.a~. ne~~ ..rsrr
the aawe severslly becosea due aod paY+ote.a ~ach aaJ erery tAe sbpula~wna. ajreesents. cunJri?ons and co:cnaotc oi ~a~d p~wn~.-
say nolt and tAis detd, or euher, ~re aot (uU~r pedaa~ed, tomPl~eC ~uA and as~ded by, tht .a~d auresate :ws aenuoecJ m.o~d
• pae~ssaY note sA~ll becua~e due and payaplt fath~r~tA a ~Auea(~et at tAe opt~oa o/ Iht 1/wt~a~ee as tulh' and compleatY •s >rc
sa~d as~e~~te sus o( said proe~isswy note ~as or~~iaally sUpulsted to Sr psid m such d~Y. an~tAmr m said promusa~ry nou .K Aere ~n
to the contrarr not~ritAst~nd~ns.
1 TA~1 ~a adtr ta acceletate tht matunty o~ tkt ~ndebtedness Aereby secved, be:ause ot tht t~~lure o: tAe Ala~~a<<x n, pa~ any t~~,
assecsment~ GaS~Gty, obl~~~tio~ a encwa~aoce upon sa~d property, •s herc~a prov~ded, ~t ch~l! not be aece..ary ar rcpa~sae iha~ ih~-
a+ot~ssjet slull fust pay tAe samt.
2. Tho ~lottgagee may. at his option. and without waivins his right to accelerate thc indebted~ess hateby
secured and to foreclose tha same. pay either before or after del~nquency any ar all of those certain obligationa
required by the terms hereoi to be paid by the Mo~tge`o~ for the prolection of the mortgaae securit~~ for the t;.~i-
lection of the indebtedness hereby secured. Att sums so advaaced or paid by the Martgagce shall be chargr~ intu
the mortgage account arni become an integtal put thereof, subject in all respects to the ttrmc, conditiar~, Tnd
covenants of the a[oresaid promi.:sory note. and this mortgage, as fully and to the sama exte~t as thouEh a part
of the oriainal indebtedness evidenced by said note and secured by this rtartgage, excepting hov?ever, that ~a~d
sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the rogutaz munthly ~n+tall-
ments provided by the mortgaae note.
~ 3. That the abstract or absvacts af titte covering the mort~aged property shal! at all times, du[ing the lifa
of this martgage, remain in possession of the Mortgagee and ie evcnt of tht foteclosure of this mortgage or othet
t~ .+nsfer of title to the mortgagsd. property in extinguishment oi the indebtedness secured hereby. all right, t~tle
and interast of the Mortgagor in and to any such abstracts of title shall pass to the purchase~ or grantee.
4. To the extent o( the iodebtedness of the Mort~asor to the ~Ac~rtgagee described herein or secure~ hereby,
the llloctgagee is hereby subrogated ta the lien or (etns and to the ri~hts of the owners and hotders thereot uf each
and every mortgage, iien or other incumbrance on the Iand described hereie which is paid and'or satisCed, in
~hole or in ~art, out of the proceeds of the loan described harein or s~cured 6ereby. and the respect:ve !i=ns ~f
said mortgages, liens ot othcr ~ncumbrances, shall be and the same and each of them hereby is preserve~ and shall
pass to and be held by the Nortgagee herein as securiiy i~t the indebt~dness to the \Iortgagee hzrein described
or hercb~ securcd, to the same extent that it would have been presttved and wauid have been passed t~ and been
held by the lk~rtgagee had it been duty and regutarty assigned, transterred, s~t over. and delivered unto the Mort-
gagce b~• separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled uf
record, it be~ng the intention ot the parties hereto that the same will be satisfied and cancelted ~f record by the
holders thereof at or about the time of the recotdiag of this mortgage.
5. In the event thc ow~nership of the mortgaged premises, or an~ part theteof, beco~~es vested in a person
othtr than the \lortgagor. the ~lortgagee rtsay, vrithout notice to the ~tortgasor, deal with such successor or sur-
cessors in interest v?ith rcference tc this deed and the debt hertby secured, in the same mannet as wi~h the 11orf-
gagor w•ithout in any w•ay vitiating or discharsing the Nortgagor's liability hereunder or upnn the debt hereb~•
secured. No sale of the premises heteby mortgaged and no forbearance on the patt of the ~lortgagee, aod no e;-
tension of the timc for the payment oi the debt hereby sccured given by the Moctgagee shall opetate ta rtlease,
discharge, modify, change ot affect the original liability of the ~ortgagor herein either in whoie or in pact.
6. '~'he lien of this deed secures and shall continue to secure payrtxnt of said indebt~dness or indebted-
ness, how~ever evidertced, whethrr by said promissoty n~te or any renewal or extension thereof or ~ubstitute there-
for, or otherwise, until all such indebtedness shall have bten fully pa~d.
7. In the even? the mortgaRors sell, convey o? transjer the mortRuged pre~nises during the lije oJ ~his mort-
gagP, then l6is mortgage shall. at the option of the 1lortgagee herein, hecome immediately duP and payablr for [he•
Ju/~ sum oJ the principal balance and interes[ then due_
8. The terms "~brtgagor" ar~d "4lortgagee" whenever used in this instrument shall include the heirs,
pasonal representatives, successors and assigns of the respecti~e patties hereto. Wherever used the singular
number shall ~nclude the plural and the plural the singular, and the use uf any gender shall include a!t ge~drrs.
. ~
~
Sign , sealed d d iv ~n the presence of: ~ ~ (Seal)
_ b1'~~' ~ f-i (Seap
cc. 1 ~ } ~ f \ 1
I 1/• ' r l L~ L..-(~ ~ (Seal)
i
~ STATE OF FLORIDA I
i COUNTY O~ ~~K ~S
ST. LUCIE ~ W~~ J. ALTENHOFF and ILA A. ALTENHOFF, his
Befote me personalty appeared wife, 81SO~ AI1~1A L. ALLISON~ an unmarried WomSII~
to me weit known and krowr to me to be the individuals described in and who execuitci the forcgoing inctrumen~,
and acknowledged befort me that they eaecuted !he same for the putposes therein exotessed. WITNESS m} hand
and official seal in ihe County and State last afotesaid this 3rd Day of Mareh, 1973 .
~ _ • ~`s!:,,
, 'Y"~a'.
~ ~ltt:Irltf//~~~, ' -
~ \
i~i T3
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1~y C~xnm~ss~on Ex June 30 1975 '
P • Notary Public, State of FZ i : W=~;,
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friEO a?,".;L'~TY FL~. t~ ~ J -s~~~j ~ ~ -1 (~t~;;•'GJ:
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