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Home My WebLink About0371 ~ ~ . . ~ Our file 5-26,609 tA~s malp~e w o1he~ lcaosfe~ ot t~tle ~o the mottra~ed ptoperty ~n exun~usshmtM o1 ~he ~ndebtednes+.ecured he~ebY, •11 neh1, u11e_ ~ ae~d ~Maeat o( the Mo~~~s~a in and w any msu~ance polic~es ~Aen ~n fixce shall pass to the pu~ch~se~ o~ g~an~ee. (h) To pe~t«m, cwaply witA and ab~de by each and evay the supulat~oos, a~reeTents, condrtw~. ~nd caven.nts ~n s~~d Prom~~s~~Y - note and in this derd set f.xtA. (i) That i( any of aaid sums of mu~ey here~n ~efe~red to be not promptlY and (ully pa~d wuh~n id~een daY• next af[e~ i the ssmt severally becomes due and payable,or it each and eve~y the stipulauons, aR~rements, cond~t~~,n. aod co+eoant. of ~a~d prwn~.- a sory note and this deed, or ti~he~, are' not fu11Y ~<<«med, complied M•ith and ab~ded Sy, the +r~d aggregate sum menuoneJ m caid ptaeussory note shall become due and paya~le (orthwuA or thereafter at the option ot ~he \fortgagre as (ully and camplrtely as if thr s~id ~«re{ate sws o( said promicsory ~ote was on~~nally stipulated to Ee paid on such daY, anyth~n6 m si~d prom~ssory notc cx here~n to the contrary notWitAstandin{. TAat in order to accelerate the mawnly of the indebtedness hereby secwed, because ot the ta~ture o( the \1o~?Ragor u~ paY any tr~. assessmeot. liabilit~, obliEation or encumbrance up~n sa~d property, as herein pro~•ided, ~t shall not be neces~ary o~ reQu~sitt thal the matas~te shall frtst pay the same. 2. The Mortgagee may. at his option, and without waiving his right to accelerate the indebtedness hereby secured and to [oreclose the same, pay either before or a[ter delinquency any or all of those certain obligations required by the terms hereof to be paid by the Mortgagor far the protection of the mc~rtgage security or for the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the !~lortgagee shall be charged into lhe 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, excepting however, that said sums shail be repaid the Alortgagee forttiwith upon its demand and be in addition tu the regular monthly install- ments provided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged prope~ty shall at all times. during the life of this mortgage, remain in possession of the Mortgagee and in event of the foreclosure of this mortgage or other transier of title to the mortgaged propetty in extinguishment of the indebtedness secured hereby. all right, title and interest of the Mortgagor in and to any such abstracts of title shall pass to the purchaser or grantee. 4. To the exteot of the indebtedness of the hlortgagor to the hlortgagee described herein or secured hereby, the 111ortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each and every mortgage, lien oc other incumbrance on the-land described herein which is paid and!or satisfied, in whole or in part, out of the praceeds of the loan described herein or secured hereby, and ~he respective liens of said mottgages, liens ot other incumbrances, shall be and the same and each o[ them hereby is preserved and shall pass to and be held by the Slortgagee herein as security for the indebtedness to the blortgagee 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 Alortgagee had it been duly and regularly assigned, transtened, set over. and delivered unto the Mort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of recocd, it being the intention of the parties hereto that the same wiil be satisfied and cancelled of recurd by the ~ holders theteof at or about the time of the recording of this mottgage. 5. ln the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the Mottgagor, the ~lortgagee may, without notice to the Mottgagot, deal with such successor or suc- cessors in interest w•ith reference to this deed and the debt hereby secured, in the same manner as with the !11ort- gagor without in any way vitiating ot discharging the Mottgagor's liability hereunder or upon the debt hereby { secured. No sale of the premises hereby mortgaged and no forbearance on the part of the tilortgagee. and no ex- i tension of the time for the payment of the debt hereby secured given by the ~lortgagee shall operate to release, discharge. modify, change or affect the ariginal liability of the Mortgagor herein either in whole 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 promissoty note or any renewal or extension thereof or substitute there- ~ for, or otherwise, until all such indebtedness shall have been fully paid. ; i 7. Jn 1he event the morlgagors sell, convey o? transJer the mor~gaged premises during the Jije of this neort- ; ; goge, then this mo~tgage shall, at the option oj the Afortgagee herein, 6ecoir.e immediately due and payable jor the { ~ jull swn oJ the principa! balance and interest then due. ~ ; 8. The terms "Mortgagor" and "Mottgagee" whenever used in this instcument shall include the heirs, ; petsonal representatives, successors and assigns of the respective patties hereto. Wherever used the singular number shall include the plural and the plural the singular, and the use of any ender s 11 include all ders. Sig se led a ed resence of• (Seal) - ' ~ l (Seal) ~ - STATE OF FL.ORIDA I COUNTY OFX~S~ ~ ss ST. LUCIE Before me personally appeared T. V. FULFORD and MARY FtJLFORD, h1S wife, to me weU knovm and known to me to be the individuals described in and who executed the fotegoing instrument,~: - x and acknowledged before me that they ezecuted the same for the purposes therein expressed. WiTN~SS my~~h~n~, ~ 8 t h D a of Ma.rch 1973 ~~•y an d o f fici s l se a l in t h e C o u n t y a nd S ta te last afaresaid this y ~ a~~' i ~ . ~y ; ~c'±~' . n 18~ '~o ; . r = . ~ = June 30 1975 ~ " ti1y Commission Expires: ~ Notary Public, State of FZO 8~ : ; f LED aND aECOR~~ - " • ~ s~. ~uc , . IE COUNTY A. ~~~'~d-~~ : aocE~ Po~Ta~s ~I'.` CIERK C~RCUI? COURT ; RECORD VEk~F~EO ~ Mat 21 ~ 3 i4 PM'~3 ~ 25U125 ~aRK212 PA~E 3?1 z ~ ~ ~ _ - -