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HomeMy WebLinkAbout2405 . ~ Our file 5-26,731 iA~~ mw~~~~e ~r oiAc~ uaesle~ ~+f ~~Ile to ~Ms wata~itA pooertr u~ sauaa~~siwa~ 01 tA~ ~edtetedlltss sttwsd At~ebY. all r~~A~. ~~~le aeM1 ~nte~ex~ u( ~Ae Ma~~saa ~n a~d ~o aaY ~aaw~nce polic~es ~hse ~n (orce sA~ll ass to 1bs pwcl?~se~ a{r~nlee. lh1 To per(~rn~, cumply r~U~ ~nd ~e~de by e~cA a~d evay us u~p~lapoes. ~{reeaKeu. coadiuons ~a0 eovsn~nu t~~d P~pu~~ray nae anJ ~n ~hi. deed se~ fatA. . l~ 1 TAs~ d+~ny of s~~d suws ol money Ae~e~n re(ened to Ae not proptly ~ad tully O~~d ~ruh~a t~tleen days nesl a(ter tAe a~iue ~evtrslly Otto~es dut snd p~yablt.o~ ~t t~tA spd svtry tAe sl~prlal~qu, ~~ree~ents. ccMd~lioaa ~nd tovenanla ot s~~d pow~s- Yay note snJ tA~s deed, or e~the~, are eot (ully pe~tw~sd, cowPlied ~r~tA and .e~ded sr~ ~Ae s~~d sure~~te sw~ ~ent~oned ~n s~id ~ramssaf eote sAa{I Secowe due aivl Payable fa~A.~W ar tAereatter at tAe opliaa ot t11e ~Iorl~a~ee as fully aed canpletelY ss if the ca~d aR[~e~s~e sw ot sa~d prom~a~cwy ao~e v~a a~~~nally st~oulateA to be pa~d an •utA d~r. snythin~ in s~id poeissory eote a herc~n 1.~ ~hc rml~sry nolyithst~nd~n~. _ l~ 1 Tha~ ~n exde~ lo accela~~e tht matunty of the inde0~edness Aerebr aecured, bet~we of ~be tailrrs of the AIa~Ntw to pay sny taa, aa.e~sment, lub~luy, obl~~atioe ~x encua?brance upan s~~d property, as hereis ~ovi0ed, it shall not be aeces~ary or reau~site U~t the mM~RaRtt chail fvxl pay tAe saaie. - . 2. The 1Aort`a~ee may, at his option, and without waivie~ his risht to accelerate the indebtedness hereby .ecured and to forecluse the same, pay either befote or after delinquency any or all of those certain obli~ations required by tha terms hereof to be paid by !he Mort`a~ot for the protection of the m~xt~a~e security or for the col- lection of the indebtedness hereby secured. All aums so advanced or paid by the Mort~a~ee shall be char~ed into th~ murtgage account anJ become an inte~ral put thereoi. subject in all respects to the terms. conditions, and a~venants of the afaesaid ptomissory note. and this mort~a~e. as fully and ta the same e:tent ss thou~h a put of the orisinal indebtedness evidenced by aaid note and secured by this mort~a~e, exceptina however. that said cum~ chall be repaid the !Ncxtga6ee forthv~rith upon its demand aad be in additioe to the te~ular monthly install- ments provided by ihe mottaage note. 3. That the abstracC or absuacts of title coverins the mortfased pwperty shall at all times. durin~ the life of thia mortgage, remain in possesaion of the Mort`a~ee uid in event of the foreclosure of this mortsa`e or other tran~ftr af title to the mort=a~ed property in extia~uishment of the indebtedness secute.d hereby. all ti~ht, title and interest of the Mortgagor in and to any such abstracts of title shall pass to the pu'tebaser or Erantee. ~1. To the extent of the indebtedness of the Mort~a`or to the Mortsa~ee desecibed hecein or secured hereby. the ~lortgagee is hereby subro6sted to the lien or liens ud to the ri~hts ot the owners and holders thereof of esch " and every mortgage, lien or other incumbrance on the land described herein which is paid and/or satisCed, in whole or in part, out of the proceeds of the loan described herein or secured hereby. aad the tespective liens of said mortga`es, liens oi other incumbrances, shall be and the same and each of them hereby is pteserved and shall pass to and be held by the Nort~agee herein as security for the indebtedness to the Mort~a~ee hetein described or hereby secured. to the same extent that it wootd have been preserved and wonld have been passed to and been held by the Vortgaaee had it been duly and re`ululy assisned, tr~nsterred, set over, and delivered uato the Mort- gagee b}~ separate deed of assisnment. notwithstandinE the fact that the same may be sstisfied and cancelled of record, it being the intention ot the parties hereto ihat the same will be satisCed and cancelled of recotd by the holders thereof at or about the time of the recordin~ of this mortta~e. 5. In the event the ownership o[ the mortfa~ed premises, or any put thereof. becanes vested in a person ather than the \~fortgagor, the 4fort~aaee may. without notice to the Mortsasor, deal with such successor ot suc- cessors in interest with reference to this deed and the debt hereby secuted. in the same manner as with the Mort- ga6or v?~~thout in any way vitiating or dischat6in6 the Mort~a~or's tiability herew~der or upon the debt hereby secured. No sale of the premises htreby morisa6ed and no fabeatance on the part of the Mort~atee, and no ex- tension of the eime fur the payment of the debt hereby secured ~iven by the Mort`a~ee shall operate to release. discharge, modify, chanse or affect the original liability of the Mortsa6or 6erein either in whole or ia put. 6. The lien of this deed secures a~d shall contiuue to secure payment o[ said indebtedness or indebted- ness, however evidenced. whether by said promissoty note or any renewal or extension thereof or substitute there- i for, or otherwise, until all such indebtedness shall have been [ully paid. ~ 7. In ~he e~~ent the mortgagors sell, convty or transjer tht inartgag"td prernises during the lije oj this mort- ~ Rage, then this mortgaRe shnll, at the option oJ the Mortgagee herein, beconte inunediattly due ond payoble jor the Ju/l su?n oj the principal bnlarece and intt~~st then due. 8. The tertns "Mort~agor" and "Matsa6ee" whenever used in this instrument shall include the heirs, personal representatives, successors and assi~na of the respective parties hereto. Wherever used the sinEular number shall include the plur nd the plural the sinsular. and the use of any `ender shall inclnde all genders. i Si ed. sea a eliv ' the presence of: e (Seal) ~ (Seat) ~ `?(I~ ~ _ STATE OF FLORIDA I ~ COUNTY OF~K ss ST. LUCIE HELEN B. McNULTY, an unmarried woman, being the Before me personally appeared widow Of F. I.~~D MCN~+~. ~ to me well known and known to me to be the individuils described in and w!w ezecated the fore`oin~ instrument. and actnowledaed before me that they executed the same for the p~uposes thereia eapressed. IYITNESS my 6and and official seal in the County and State last afotesaid this 24th Day of eh~ 1973 _ i , 1 r,,,~,. y . ~ly Commission Expircs: Julle 3O. 1975 Notary Public. State t'~! e • • .t . • RtC01lDE0 ~ ' ~ ~ ~ ~ ~1LED ~?'t0 oUNTY fl~. , ~ % " ; - T. WC~L , - : : , ' - a~v' ~ rJ~l~~s ~ i : i • . • . ; ~~s couat ~ - r • CIE.. . RiC~I~' ` ~ - ~',i~ ; Z I ~ r~'ll~l:l!f.... ~ ~9 ~ - ~ 25161'7 a~~~ ~z~o~ y~~ - ~ _ . _ ~