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Home My WebLink About0631 Our file 5-26,808 tD~s malpRe ~w ~~thr~ uanslee ol ulie ~u the mottsa~ed poperly ~n e?tmsu~aAment ol the ~ndebtedness secwed hercey, •11 n~ht, ~~tle an.f ro~ereal u( ~Ae \Icu~sa~w ~n and to any ~nswance polic~es ~hen m torce sh~ll pssa to 1he purcAsser a~rsntee. Ih1 Tu pc~~~ym, .~~mp1Y M'i~h rnd abide by each and every the supulahons, a~reements, cond~Uonc and covensn~s ~n sa~d prwa~ssory eote amf m thi. deed .e~ (cxth. • 1 That d any of .aid sums u( rtwntY he~e~n refetrrd to be not ptompUy and (ullY Oaid w~lh~o htteen daYs nex~ a(ter the same severally becomes due and paY~Ale,or if eacA aod every the ct~pul~t~ons, atreements, cond~l~ons and covenan~s ot sa~d prom~s- say note and tA~s deed, ur euher, are not (uliy performed. ciuaD~~ed ~r~tA and ab~ded sy, the ss~d as~rep~e sus~ meeuoned ~n sa~d prom~saorY oote shall becaee due and paYable forth+~th a therea(ter at the option o( tAe Ma~~a~ee as tully and caapietelY as it ~he caid a~{re~ate sum o( said prom~«u+Y ~ote ~ras a~~~nally sl~pulated to be paid m such dMy, anythin~ ~o said pranisswy notc or here~n to the conlrary nat~uhsundm~. 1 That ~n order lo acceletate the matunty of tAe indebtedness hereby secwed, Aecause u( the ta~lu~e of the Mwt~s~or to pay any taa, assecsment, I~ab~6ty, obl~gat~on ex anrumbrance upon said prope~ty, as here~n provided, u shall not be necessuy w requui~e that the mwtsa~ee shall fu.t pay the same. . 2. The `tortgagee may, at his option. and without waivin~ his right to accelerate the indebtedness hereby srcured and to foreclose 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 Mortgagor for the protection of the mortgage security or for the col- lectian of the indebtedness hereby secured. All ~ums so advanced ot paid by the Mortgagee shall be charged into the mortgag~ account and become an integrai part thereof, subject in all respects to the terms, conditions, and covenants of the afor~said pramissoty note. and this mottgage. as fully and to the same extent as thouEh a patt o~ the original indebtedness evidenced by said nate and secured by this mortgage, excepting however. t6at said sums shall be repaid the Alortgagee forthwith upon its demand and be in addition to the regular moathiy install- ments provided by the mortgage note. 3. That the abstract or abstracts of title covering the morigaged property 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 transfer of title to the mortgaged property in extinguishment of the 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. 4. To the extent of the indebtedness of the Mortgagor to the Mottgagee described herein or secured hereby, the Alortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereo[ of each and every mortgage, lien or other incumbrance on the land described herein which is paid and~or satisfied, in whole or in part, out of the proceeds of the loan described herein or secured hereby, and the respective liens of said mortgag~s, liens or other incumbrances, shall be and the same and each of them hereby is ptesetved and shall pass to and be held by the Mortgagee herein as security for the indebtedness to the Mortgagee 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 '.1lortgagee had it been duly and regularly assigned, transfened, set over, and delivered unto the Mort- gagee by sepatate deed of assignment, notwithstanding the tact that the same may be satisfied and cancelled of record, it being the mtention 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 recordin6 of this mortgage. 5_ In the event the ownership of the mortgaged premises, or any part thereof; becomes vested in a person other than the ~lortgagor, the ~~ortgagee may, without notice to the Mortgagor. 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 Mort- gagor without in am way vitiating or discharging the Mortgagor's liability heceunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no [orbearance on the part of the Mortgagee. and na ex- tension of the time for the payment of the debt heteby secured given by the Mottgagee shall opecate to telease, ; discharge, modify, change or affect the otiginal liability of the Mortgagot herein either in whole or in part. i 6. Th~ lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- j ness, however evidenced, whether by said ptomissory note or any renewal or extension thereof or substitute ~there- ~ for, or otherwise, until all such indebtedness shall have been fully paid. 7. In the e~~en~ the mortRagors se!!, convey or transjer the n~ortgaged premises during the lije oJ this mort- gaRe, then this mortgage shalt, at the option oj the Alor[gagee herein. become immediately due and paya6le Jor the . Jull sum oj the p?incipal balance and interest Ihen due. 8. The terms "Mortgagor" and "Mottgagee" whenever used in this insttument shall include the heirs, personal representatives, successors and assigns of the respective pazties hereto. Wherever used the singutar number shall include the plural and the plural the singulat, and the use of any gender shall include all genders. • al) gned, sea a del' e in the presence of: (Seal) Ltc c ~-s2-1-f STATE OF FLORIDA I COUNTY OF Q(~C ~ ys ST LUCIE ROBERT F. BRUGGEMAN and MARIAN G. BRUGGEMAN, BePore me personally appeared formerly known SS I'~R~N R~I~1N , ~ to me well known and known to me to be the individuals described in and who txecuted ihe foregoing instrument. ~ and acknowledged before me that they executed the same [or the purposes there~n expressed. WITNESS my fiand ~ and official seal in the County and State last afotesaid this 7th Day of April, 1973. ~ ln Y C'l.''l~~~`'• y. , i'•. . . : " ~ly Commission Expires: Jurie 30, 1975 Notaty Public. State of F10 ~ 8 gE~ _ ~ ~ . : . - -p : . t_: - OE .%y ; ~ t' J ,1~.; - f ~EQ Rf N1Y F~~ ~ - . ~ % ~ ~ ~ n ~ 1: _ 1 ' .S- ~.•~~,V ~•'`\1-, s~. pOCf R p~ijRAS RT ~I ; ~K C11lCU1Z COU ti ~fCO~~Yf~1ftE0 • ~~~~n~~~~•.~.r•~ 3 0~ ~N'~3 o R c~ ~ 1~ BOOK ~1J PACE Uc~ 25~ ~ ~ _z - _ - ~ ~ ~r~~~~ _ ~