The URL can be used to link to this page

Home My WebLink About2518 Our fil~ 5-26,754 ~h~. ~swi~~r~ ~v o~Aa uaesle~ ol ~ulc ~u ~Ae nwrt~~~e0 prop~rly ~a l~Uf1~Y~~Af1lA1 JI lAt ~ndcstedaess sccwcd Aaeb~, ~II i~~h~, ~~tle s~.t ~nu~e~? at tAe Ma~~~~o~ ~n and to any inswauce ool~c~cs 1Aen ~n lafce sA~ll oass to IAe pwcAsse~ a pan~ee. (hl To per~.xm, coa~ply ~r~tA and •s~de sy escA •nd eve~Y ~e supulat~ms. •~reee~eau. condWOns and coven~nts ~e s~~d p~wn~e~.wy n..u amf ~n ~M, dee~ set tw~A. 1~ 1 TAs~ any u! sa~d swns ot m.MtY here~n re(erred ta be not proeptlY ~~d fully ps~d ~~tA~n h(leen JaY• ne~t ~tter ~he same +ereraily Secowes due ~nd payable,a J tach and every tAe s~~pul~uona, ~peesents, cond~t~ons ~nd co~en~n~s ot sa~d p~aw~s- aay note and th~s deed, or e~the~, ~re no~ fuily per(aised, cospl~ed r~~h snd aA~ded sy, tAe sa~d a{~~e~~te sun~ menuoned ~n s~~d ~ramssa> note sAall becoa~e due and pa~aple (a~th~~tb ix tAereatter •t tAe ophan ot tbe Malss~ee as fu11Y and corupletely as ~f ~he .a~d a~~re~a~e sws ot sa~d prom~ccay note ~as or~~~oa11Y s~~pul~~ed to se pa~d an sucA d~y, anyth~n~ ~n s~~d prom~ssory note or here~n ~u ~he conn~~y not~uhstand~nj. ~ l~ 1 Thai ~n nrder to acceletate the matunty o( the ~ndebtedness he~eby aecueed, secause o( ~he fs~lure of the Mor~~a~a ~o Dsy anY ~aa• as.e.3men~, hab~luy, obL~auoe ix encumbrance upon sa~d p~ope~ty, ~s here~n prov~ded, ~t shall not be eecessary or reQws~~e U+at the moe~RaRee cAall fusl pay the saa~e. 2. Tha ~~ortgasee may, at his opt~on. and without waivin` his ri`ht to acceletate the indebtedness hereby secured and to foreclose the same, pay either before or after delinquency any ot ali of those certain obli~ations required by the terms hereof to be paid by the Mort6agor for ihe protection of the rtMrt~a~e secutity or for the col- lect:on of the indebtedness hereby secuced. All sums so advanced or paid by the Mortgasee shall be charged into ~he mortgage account and become an integral part thereaf. subject in all respects to the terms. conditions, and cavtnants of the afotesaid ptumissory note, and this mortga~e, as fully and to the same extent as thouEh a part of the original indebtedness evidenced by said note and secured by this mortgage, excepting howeve~. that said sums chall be repaid the \lortgaget forthwith upon its demand and be in addition to the re~ular monthly install- ments provided by the mortgage note. 3. That the abstract or absuacts of title coverins the moctgased property shall at all times, during 1he life of this mortgage, remain in possession of the Mortgagee snd in event of the foteclosure of this mortgage or other transfer of title to the mortgaged property in extinauishment of the indebtedness secured hereby. all ri6ht. title and ~nterest of thc Nortgagor in and to any such abstracts of title shall pass to the puichaser or grantee. To the extent of the indebtedness of the Mortgagor to the Mortgagee described hetein or secured h~reby, the ~lortgagee is hereby subrogated to the lien or liens and to the riahts of the owners and holdets thereof of each . and every mortgage, lien or other incumbrance on the Iand described herein which is paid and/or satisfied, in whole or in part, out of th~ proceeds of the losn described herein or secured hereby, and the respective liens ot said mactgages, liens or other incumbrances, shall be and the same and each of them hereby is preserved and shall pass to and be held by the Nortgagee herein as security for the indebtedness to the Mottgagee 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 \lortgagee had it been duly and regululy assigned, transfened, set over, and delivered unto the Mort- gagce 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 wilt be satis[ied and cancelled ot record by the holders thereo[ at or about the time of the recordin6 of this mortgage. 5. In the event the ownership of the mortgased premises, or any part thereof. becomes vestcd i~ a person other than the ~iortgagor, the ~lortgagee may, without notice to the Mortga6or, deal with such successor or suc- cessors in interest K•ith retetence to this deed and the debt hereby secured, in the same manner as with the A1ort- gagor ~ithout in any way vitiating or discharging the Mort~a6ot's liability heteunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbeacance on the patt of the Mortgagee. and no ea- tension of the time for the payment of the debt hereby secured given by the Mottgagee shall operate to release. discharge, modify. cha~ge or affect t6e original liability of the Mortga6or 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- I ness, however evidenced, whether by said promissory note or any renewal or extension theteof or substitute there- j [or, or otherwise, until all such indebtedness shall have been [uliy paid. y 7. /n ~he et•ent the mortgagors sell, convey or transfer the mortgaged preinises during the lije oj this mo?t- ~ gage, then this mor~gage shall, at the option oj the Afortgagee herein. beconie immediately due and paya6le Jor the full swn oJ the principal balance and irtterest then due. 8_ The tcrtns "Mortgagor" and "Mortgagee" whenever used in this instrnment shall include the heirs, personal representatives, successors and assigns of the respective parties hereto. Wherever used the singular number shall include the plural and the plural the singular, and the use of any gender shall inciode all genders. ~ . Mark Sign , sealed a d~ r ~ e ce of: H1S ( (Seal) ~ vory , ~l J ~'/Lt~t~ c~ ~ U-t-'~-L{ (Seal) irreo a -vo y I ~'-G-t<_ L ~ ~ ~ ~ / ~ ~~s rL_G STATE OF FLORIDA I COUNTY OF~~ j ss ST. LUCIE 1 Before me personally appeared JOHN IVORY and ~~DO~ ~~~h~~ formerly to me well knov?m a~d known to me to be the individuals descn d m a w o executed the fore~oins instrument. x; and acknowled6ed before me that they executed -the same for the purposes therein expressed. WITNESS my hand and official seal in the County and State last afotesaid this 31st Day of Mareh 1973 T, ~ ~ «~uun~ ~ • . . . ~1y Comm~ssion Expires: Ju11e 30. 1975 Notary Public, State of e~:''I= • ~ l - . : ~d , = . - ~ ~ 1 t~ ' ' ~ . 7, ~.11 s = f . - - • _ , •f . f~r~kt 21~ r!;.i ~519 ' T_: ~ - - _ _ _ . z---~_,~~-~ -