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Home My WebLink About1351 . . „ ~ Our file S••~6,879 ` i ~ ~h~s matsi~e w o~Aer u~nsfc~ of h~te tu ~he mott~~~ed poperly le eat~a~wshseat o( the ~ndebtedness secwed herepy, aQ ~~~A~, htle •r and ~ete~e~1 0( ~Ae M~x~ts~w ~n and to any ~nsw~nce policies then in force sAall pass to tht purchase~ or ~an~ee. ' IA) To per(am, cwaply ~~~A ¦nd ab~de sy each and every the st~pul~tlw?s, a~reesenu~ eoed~hoas aad covertan~a ~n sa~d prouwsaory no~e and in th~a decd sct torih. (i ) Th~! if any of said sua?a ot e~oetY hertin re(erred to ee not prasp~ly and (ul1Y W~d ~'~tA~n fifleca dsys neat after the ssa~e severally becomea due a~d p~yable,or if each snd every the stipYl~uoas, ~~reemeets, cond~~iona aod eoveaaets o( said ~aris. say note and this deed, or e~ther, are not (ully oertorned. cosplied ~ritA and asided br, the sa~d sure~~te sum menteoned in said pranissory note sAall Seceme due and paysble (orth~itA or therettter at 1l~e op~ioa o[ the Ma~~a~ee •s (ully and comple~ely as if the said ~~~rttate sus ot said praaiaeay note ~as on~mally stipulated to be paid oa sucA d~y. aaytA~n~ in s~id proaiissory note or herein to the contrary notvriths~~nAinE. (j ) That in order to acceler~te the matunty of the indcptcdness Aerebr secured, Eec~we of tAe tailure o( tAe Alats~~or to p~y ~ny ua, asseasaent. liab~lity, obli~ation a encumbrance upon said propett). •s Aetein provided. il sAall not be aeces~a~y or requ~aile thst ~he maiss~ee shall f~~st pay the same, 2. The Mortgagee may, at his option, and without waivin6 his riaht to accelerate the indebtedness hereby { secured and to foreclose the same, pay either befote or after delinquency any or all ot ihose certain obliaations required by the ternns hereof to be paid by the Mortgagor for the protection of the mortgaae security or for the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the Mortgasee shall be char~ed into the mortgage account anJ become an inte6cal part thereof. subject in all respects to tht tetms. conditions. and covenants of the aforesaid promissory note, and this mortgage. aa fully and to the same extent as thou~h a part of the ori~inal indebtedness evidenced by said note and secured by this mortaage~ excaptins however. that said sums shall be repaid the Mort~agee torthwith upon its demand and be in addition to the regular monthly install- ments provided by ihe mortgage note. 3. That the abstract or abstracts of title covering the mortsa6ed property shall at all times, durin6 the life of this mortgage, remain in possession of the Mortgagee and in event of the foreciosure of this mortgage or other transfer of title to the mottgaged propecty in eztin6uishment o[ the indebtedness secured hereby, all right. title and interest of the Murtgagar in and to any such abstracts of title shall pass to the purchaser or srantee. 4. To the extent of the indebt~dness of the Mortsagor to the Mortaaaee described herein or secured hereby, the Mortgagee is hcreby subrogated to the lien or.liens and to the ri6hts of the owners and holders thereof o[ each and every rtartgage, lien or other incnmbrance on the land described herein which is paid and!or satis[ied, in whole or in part, out of the proceeds of the loan d~scribed herein or secured hereby, and the respective liens of said mortgages, liens or other i~cumbtances, shalt be and. the same and ~ach ot them heteby is preserved and shall pass to and be hetd by the Mortgagee herein as secutity for the indebtedness to ihe Mottgagee herein described or hereby secared, to the same extent that it would have been pteserved and would have been passed to and been held by the AMrtgagee had it been duly and cegularly assigned. transferred, aet over. and deliveced uato the Mort- gagee by separate deed of assignment, notwithstancling the fact that the same may be satisfied and cancelied of record. it being the intention of the pazties hereto that the same will be satisCed and canceiled of record by the holders thercof at or about the time of the recordins o[ this mottsase. S: In the event the ownership of the mortgaged premises, or any part thereof. becanes vested in a person other than the !1~lortgagor, ths 4bttgage~ may, without notice to the Mottgagor. deal with such successot or suc- cessors i~ interest with ~e[erence to tl~is deed and the debt hereby secured. in the same manner as with the Mort- gagor without in any way vitiating ot discharging the Mortgagor's liability hereundor or upon the debt hereby secured. No sale of the premises hereby mortgaged and no tabeatance on the patt of the Mo~tgasee. and no ex- tension of the time for the payment of the debt hereby secnred given by the Mortgaaee shal! opetate to releasc, discharge, modify, change or affect the original liability of the Mortaaaor herein either in whole or in patt. 6. The lien of this deed secures and shall contiaue to secure payment o[ said indebtedness ot indebted- f ness, however evidenced, whether by said promissory note oi any renewal or extension ihereo[ or substitute there~ ~ for, or otherwise, until all such indebtedness shall have been fully paid. 7. /n the event ~he mortgagors sell. convey or ~ransfer the nrortgaged premises during the IiJe oj this ~o~t- gage, then this mo~tgage shall, at !he option oJ the Aforlgagee herein, becorne inunediatel due and ~ y payable Jo? the ~ jull sum oJ 1he principo! balance and interest then due. 8. The tertns "Mortga6oi ' and "Mortgagee" whenever used in this instrument shall include the heirs. personal representatives. successors and assigns o[ the respective parties her~to. Whetever used the singular number shall include the plural and the ptutat the singutar. and the use of any gender shall include all gendets. Signed, sealed an !iv ed the presence ot: ~s-~vs~- ~~a~~ - . ^~iL . ~l7 0-~~ STATE OF FLORIDA I a COUNTY OF ~ j SS ; ' ST. LUCIE ~ Before me personally appeared JESSE E. BROWN and THELMA M. BROWN~ h~8 wife, to me well known and known to me to be the individuala desctibed in and who execated the foregoins irtstrwnent. , and acknowledged before me that they executed the same [or the purposes thetein expressed. NIITNESS my fiandti . and official seal in the Count and State last aforesaid this ].2t~'1 D8 of A ril 1973 , s~ y Y P , 1( ~ f!~ ~~.~r~ • i . _ - . z: ' s ~i'"S{•. ~ly Commission Ex ~«S: June 30 1975 • ~ :"{=~~s ` P • Notary Public, State ' - : C~ . ~ • : r ~ F+lE0 AkD RECORDEO _ -''J'ti . a~-•r•~ ~ 'r',~'~6 ~ ST.LUCIE CQUNTtf fLA. ~ ROCEF P0~1RA5 ~ ~ ~ • ; ~ ~ ; 25~965 CLER~c Ci:iCUl'i COUItT '''~~?„~f~~~..,••.'''' E RfCORn YEF~FlED ` ~ pt~ ~5 2 0o PM'T 3 . ~ ; ~~Qx P~ 350 ' ° R 213 ~ _ ,~~,v., - a~~~, , - - - - - - . _ _ i _ °