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Home My WebLink About1285 Our file 5-26,670 lh~x mortpre ur other transtei of h11e t.. tAe mu~tKa~cd ptupeity e?unru~~Ament .,1 tAe u.de~trane...c.wed herob~. •11 a~gAt, utlc and interes~ 01 the \W~i~a~w ~n and lo any ~n,wance pul~cies Ihce m tace shall pa.c to the purcAaae~ o~ Kr~nue. (A1 To per(crm, cwnplY W~?h and ab~de Ay eacA aed every tAe cupula~~ons. a~~eemenis, cond~hon. rnd .ucenani. ~n sa~d ptomi.wty oole and in lh~y derJ .et foriA. (i) That any o( sa~d sueas of money herem rc(etted io bt not pr~~mptly and tull~~ pa~d ~~tA~n tdtrrn da~'~ ne~t ~fur the same severally becomes due and payaAle,~ ~t each and ere~y the shpulationc, aErcemeni., .ond~tion. ynd co~enant. oi sa~d pr.un~~- sory note and this deed, or euher, are not fully performed. caeplitd r•ith and ab~ded b>~, ~he w~d aRE«R~~e SLL11 T:DtiMt, ~n ca~d promissory eote shall pecane due and paya~le lath~~th a therea(ur at the opunn of the \turt~tagre as fully and compietelS ~f thr said a~~re~ate sua~ of sa~d ptom~ssixy note ras on~inally stipul~ted to be pa~d on such d~Y. anyth~nR ~n sr~J ptomissury no[t or herc~n to the contrary notW~~ihs~andin`. ) That ~n ordet to actele~ate the matunty ot the indebtedness hereby securrd, because ot the fa~lure of iAe ~tortga6u~ ~o paY any taa, assessment, I~ab~lity, ublisatim ix encumbrance u~ aa~d property, as he~em pro~•ided, ~t shall not be neces.ary ur reQuisite that the mwt~a~ee sAall fuct pay the same. 2. The ~lottgagee may, at his option. and without waiving his right to accelerate the indebtedness hereby secured and to forecluse the same, pay either before or after delinquency any or all of those certain obligations required by the terms hereof to be paid by the \lortgagor for the protection of the mortgage security or for the col- lection af' the indebtedness hereby secured. Ail sums so advanced oc paid by the ~lortgagee shall be charged i~to the mortgage account anJ became an integral part thereaf. subject in all respects to the terms. conJitions, and covenants of the a[oresaid promissory note. and this mottgage, as fully and to the same extent as though a part of the original indebtedness ~videnced by said note and secured by this mortgage, excepting however, that said sums shall be repaid the ~lortgagee forthwith upon its demand and be in addition to the regular monthly instail- ments pcovided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged property shall at all times. during the life of this mortgage, remain in possession of the Alortgagee and in event of the foreclosure of this mortgage or other transfer of title to the mortgaged property in extinguishment of 1he indebtedness 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. To the extent of the indebtedness of the Mortgagor to the t~tortgagee described herein or secured hereby, the tilortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each and every mortgage, lien or other incumbrance on the land described herein ~hich is paid and'or satisfied, in whole or in part, out of the proceeds of the loan described herein or secured hereby, and ~he respective liens of said mortgages, tiens or other incumbrances, shafl be and the same and each of them hereby is preserved and shall pass to and be held by the ~lortgagee herein as security for the indebtedness to the \lortgagee herein described or hereby secured, to lhe same extent that it would have been preserved and would have been passed to and been held by the Jlortgagee had it been duly and regularly assigned. transfened, 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 record, it being the intention of the parties hereto that the same will be satisfied and cancelled of record by the holders thereof at or about the time of the recording of this mottgage. 5. In the event the oNnership o[ the mortgaged premises, or any patt thereof, becomes vested in a person other than the ~lortgagor. the \lortgagee may, without notice to the 4lortgagor. deat with such successor or suc- cessors in interest with reference to this deed and the debt hereby secured, in the same manner as with the ~1ort- gagor w~thout in any wav vitiating or discharging the :1lortgagor's liability hereunder or upon the debt hereby secured. No sale of the ptemises hereby mottgaged and no forbearance on the part of the A4ortgagee. and no ex- tension of the time Cor the payment of the debt hereby secured given by the Mortgagee shall operate to release. - discharge, modify, change or affect the ariginal liability of the 1~lottgagor herein either in whole or in part. 6. The lien of this deed secutes and shall continue to secure payment of said indebtedness or indebted- ness, however evidenced, whether by said promissory note ot an~ renewal or extension thereof or substitute there- j for, or otherw~ise, until all such indebtedness shall have been fully paid. ~ 7. /n the event the mortgagors sell, convey o? transjer ~he mor~gaged premises during the lije oj this mort- f gage, then this mortgage sha(!, at the option oj the Afor?gagee herein, becon:e immedietely due and payable Jor the ` Juf! sum oj the piincipal balance and interest then due. - p 8. The tenns "hlortgagor" and "Mortgagee" whenever used in this instrument shall include t#~e heirs, ~ personal tepresentatives, successors and assigns of the respective parties hereto. Wherever used the singular ~ number shall include the plural and the plural the singulat, and the use of any gender shall include all genders. ~ _ 'r igned, se an el~ er in the resence of: (Seal) (Seal) ~ ~ ~ L ~',~!!t L ~ "~~t ~ ~3t _.,t.f° c ih- STATE OF FLORIDA I COUNTY OF~ ~ ss ST. LUCIE Before me personally appeared . ELZIE LOVETT ~ an unmarried man, to me well known and known to me to be the individuals described in and who executed the foregoing instrument, ~ and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand and official seal in the County and State last aforesaid this 17th Da Of Cll 1973 ~ ~ y ' t - . ~ ; v ~ ~ ' • ~ ~ ; a J~ , ~ . • • t • - : ' ~'•oL~c- _ . . ~1y Commission Expires: Ju11e 30 1975 Notary Public, State of F _ FIlEO aN~ aECORDEO ~ ; ST. IUCtE C~UNTY FLA. ~ , . , . ROCE? ~OITRAS . J C~E~K ~`~~~~T COURT ~ ~Y q~('~R~Y~%~FiEO ''~i~r~~..., M~ 19 2 iiPN'73 o R ~ IZSO~SO BGOK 212 P~1285 - - - ~ ,:.~.-.~.E.p~~