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Home My WebLink About0417 Our file 9-27,279 thi. mm~Eapr ~M o~Arr van.~c~ ~ulr tu ihe muriK~~ed popert~ ~n rwuoXu»1~men~ W the in,eb~ednes~ .ecwcd he~en~~, atl n~ht. utlt and in~ere.i uf the \lou~;?su~ m rnd tu any i~surancc pulic~ea ehen ~n fo~ce aMll pass ~a the purchasei ar ~r~n~ee. (h) Ta {niiam. ..vnpiy r~iM rnd ab~Je bf cacA ~nJ evt~y the ~upulations, a~rtements. cond~uan~ and covenants ~n sa~d promi.wry note rnd m th~. derd .c~ lorth. - TAa~ i! any nf ~~~~1 sumx u1 mo~cy here+n re(rrt.d to be nut prumptly an~7 fu11Y paid ~~th~n fdteen days neil a(~er the sam~ stverally becomes Jue and payah~e,ix ~f each and every IAe st~pulat~ons, a~teemtMS, cond~hun~ and covenan~s of sa~d prom~a- say nae and IMs deed, ur e~~her, are no~ (uily pe+(rxmed, c~~mpl~ed wuh and ab~ded by, the :~~d aRSre~ate sum menuoned m sa~d ~r~xn~ssory no~e shall becume Jue and pa>able fatAw~th ur tAc~ea(ter at the opUOn o( the \1o~IRa`ce as fully and comptetely as ~t the sa~d a~~re~ate sum ot said ~.Mmc.ury no~e ~ras on~~nally ~upufated to bt pa~d on such d~y, anYthm~ m said prom~ssoty nole or he?ein to ~Ae contrary eo~r~~hstand~n~t. (j! Tha~ ~n .xdrr to accele~a~e ihe ma~ueuy u! ~he m3eDtedness Aereby secwed, ~ecause ot the (a~lu~e of tAe A1«t`a~ur ~o pay any u~, . ~ssec~ment, I~ab~lu>, obLgat~on ~~r rn.umbrance uM+n sa~d proper~y, as herem prov~ded, shall not be neces~ary or requ~site ~hat tht mwt~a~ee shatt f~r.t ~+ay tAe ~ame. 2. Tht ~tortgagee ma~~, at h~s opt~on, and without waiving his right to accelerate the indebtednoss he~eby secured and ta foreclose the same, pay either before or after delinquency any or all af those cectain obligations required by ~he terms hereof to be paid by the \~ortgagor for the protection of the mcirtgage security or for the col- - lection of the indebtednecs hereb~~ secu~ed. All ~ums so advanced or paid by the ~lortgagee shall be char~ed into the martgag~ account a~d bec~~me an integral part thereot, subject in all respects to the terms, conditions, and ru~~enants oC the aforesaid pmm~ssory note, and this mortgage, as fully and to the same extent as though a part of the original indebtedness evidenced by said note and securod by this mortgage, excepting however. that said sums shall b~' tepaid th~ '~lortgagee forthwith upon its demand and be in addition to the regular monthly install- ments provided by the mottgage note. 3. That the abstract or abstracts of title coveri~g the mottgaged ptoperty shaU at atl times, during the lite of this martgage, remain in pos~ess~on of the ~lortgagee and in event o[ the fareclosure of this mortgage or othat transfrr of t~tte to the mortgaged property in extinguishment of the iodebiedness secured hereby. all right, title and interest of the ~lortgagor i~ and to any such abstracts of title shall pass to the putchaser or grantee. 4_ To the extent of the ~ndebtedness of the Mortgagor to the \lortgagee described herein or secured hereby, the \tortgagee is hereb~• subrogated to the lien or liens and to the rights of the owners and holders thereot of each and every mortgage, I~en 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 ioan described hereirt or secwed hereby, and the respective liens of said mortgages. liens or other fecumbrances, shall be and the same and each of them hereby is pteserved and shall pass to and he held by the '~tortgagee herein as security for the indebtedness to the Mortgagee herein described or hereby ~ecurtd, to the same extent that it v?•ould have d~en ptesetved and would have been passed to and been held by the Vortgagee had it been duly and regularly assigned, transferred, set over, and delivered unto the Mort- gagee by separate deed of assignment, notvrithstanding the fact that the same may be satisfied and cancelled of record, it being th~ intention of the parties hereto that the same wil! be satisfied and cancelled of record by the holders thereof at or about the time of the recording of this mortgage. 5. In the event the ov?~nership of the mortgaged premises, ot a~y patt thereof, becomes vested in a person other than the ~lortgagar, the ~lortgagee may, without notice to the Mottgagor, dea) 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 Mort- gagor without in an.~ ..~ay v~t~ating or discharging the Mortgagot's liability hereunder or upon the debt hereby secured. No sale ~~f the Premises hereby mortgaged and no forbearance on the part of the Mortgagee. and no ex- tension of the time fot the payment of the debt heteby secured given by the hlortgagee shall operate to telease, discharge, modify, change or affect the original liability of the 1~lortgagor herein either in whole ot in part. 6. The lien of this deed secutes and shali continue to secure payment ot said indebtedness or indebted- ness, however ev~denced, whether by said ptumissory not~ ot any renewal oc extension theteof or sabsiitute there- for, or other~ise, unti) atl such indebtedness shall have been fully paid. 7. Jn the eren~ the mortgagors sell, convek or f?ansJer the morlgaged prernises during the li/e of this moit- QaRe, then thrs morlgvRt shall, at the optron oj the 1lortgagee herein, become immediu~ely due and payable jor the /ut! sum oJ the pnncipa! balnnce and interest then due. 8. The teRns "Nlortgagor" and "!~lortgagee" whenever used in this instrument shall inciude thc heirs, personal cepresentatives, successors and assigns of the respective parii~s hereto. Whetever used the singulat number shall include the plural and the ptutal the singular, and the use of any gender shall include all gendets. ~ ~ Si ed, seal and li ered i the presence of_ ~~i~~~~~~~ ~LC~/Li~--..,-~, (Seal) ; (Seal) E e~~ ~7, e. i - STATE OF FLORtDA I COlJNTY OF~ ` 'S ST . LUCIE - ' Before me personally appeared BONNIE F. ~~IV$ ~ SII unmarried WQtIIail~ r to me well know~n and known to me to be the individuals described in and who executed the foregoing instrument. and acknowledged befote me that they exccuted the samc for t6e purposes therein expressed. WITNESS my hand and ofGc~al seal in the County and State last aforesaid this 2nd Day of June, 1973 ; , ~ ~~11~~ON~his~{~'~res; ~ 1 g 's ' ~ June 30 1975 Notary Public. Stat _ , ST.IU~~ . ~ ` 'n!~ - : ft~iv! ~ ~ ' f, :='JqT ' > " . ' • t ~ = r . ; ~ ` ~ ~ . ' ' ~ ~ ~ ~ ~ 27 ~ ~ ~ - : - ; • . - ~ • : 25ro4S'7 ~ ~ . ~oG~ 2~5 ~15 . , . ...<<~ ~ ~ . : : . ~ ~ ~ ~ u. ~ ~ ~rh r - - ~Y ~ ` , t. _ ~ ~ - ~ ~..~,c~~ . . " 1 ~"T~~r~- rR .