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Home My WebLink About1001 th~. mw~~tr~tr ~N othr~ uan.tri ut t~Ue ~o ~he murlrared ~rorerty m e?un~wshmen~ w Iht ~ndeA~tOntzi ~e~ured he~e~y, •II n~A1, t~llt rnd in~ere.t ul ~Ae \I.a~~a~or ~n ..na1 ~u an>• msuunce pol~c~es ~hen ~n force .hall pass io ~he purcAaser or ~rars~te. (A) Tu ptr~~rm, c.rnpl~ r~tA and ab~dt by cach and every IAt st~pulat~aos. a~~eeme~ts, cond~tiun~ and covenanls ~n c~~d prwn~csory no~e snd ~n i~~. decd ~r~ lo~th. (~l Tha~ i( any o( ca~d sums u~ muney here~n re(e~trd to be nut prwnp?IY ~~d tully ps~d r~~h~n (iheen dayt neat a(~t~ tAe ssme se~erally bc.omes Jur snd payable,a d each and eve~y the supulat~ons, ~~teemems, .ond~uuns and covteants ol sa~d prum~a- sory note xnd ~h~s Jred, or ~uher, are not (ully pertormed, cumDl~ed W~th amf sb~ded n~•; ihe .aid at~rep~e sum menuoned m said pwmssa> note shall ~ec~xae due and pa>~~le (wth~~tA ur theieattet at the ophon of the \1o~tRa~ee as (ully and completely as d ~he said a~{repte sum o( sa~d pram~..ay notc wss on~~na11Y supulated to bt pa~d on sucA d~Y. anythm~ m s~~d promusory note or hercm ~o ~he conerary not~uhsundmE. ) Th~~ m~xder ~a accelerate the ma~unty of the mJeEtedness hereAy securcd, because ul tAe (a~luro o[ ~hc ~1«tp~o~ m pay any ~aa, •c.e.smeM, lub~hty. ob~~ita~~un rncumbrance upon sa~d proper~y, as hetem prav~ded, shall not be neces.ary a ~epuisite tAat ~he m.ut~a~ee shall fu.~ ~+ay tAe same. The \lottgagee may, at h~s option, a~d without wai~ing his right to acceletate the indebtedness hereby srrured and to forecluse the ~ame, pay either before ot after delinquency any ot a{1 af those cettain obligations required by the terms hereof to be paid by the 4lottgagor for the ptotection of the mortgage security ot for the col- iection oi the indebtednecs hereby secuted. All sums so advanced or paid by the ~lortgagee shall be charged into the martgagr account and become an integtal part theteaf, subject in all respects to the ttrms, conditions, and covenants of the af~~resaid prom~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 secured by this martgage, excepting however, that said sums shall be repaid the \lortgagee forthwith upon its demand and be in addition to the regular monthly instalt- ments pravided b~~ the mortgage note. 3. That the absttact or abstracts of title covering the mortgaged property shall at all times, during the life of this mortgage, remain in possession of the !1lortgagee and in event of the foreclosure of this mortgage or other transfer af title to the mortgaged propetty in extinguishment of the indebtedness secured heteby. all tight, title and ~nterest of the \lurtgagor 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 \tartgagee described herein or secured hereby, ~ the ~lortgagee ~s hereby subrogated to the lien or liens a~d to the rights of the owners and holdets thereof of each and every mortgage, lien or other incumbrance on the tand described herein which is paid and'or satisfied. in wholz or in part, out of the proceeds of the loan described herein or secured hereby. and the respective liens of said mortgages. liens or other incumbrances, shall be and the same and each of them hereby is presetved and shall pa~s to and be held b~ the ~tortgagee herein as security for the indebtedness to the 6lortgagee horein described or hereby secured, to the same extent that it would have been preserved and w~uld have been passed to and been held by th~ Vartga6ee had it been duly and regularly assigned, t~ansferted, set over, and delivered unto the Moct- - gagee b~~ separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancell~d of record, it be~ng the mtent~on of the parties hereto that the same will be satisfied and cancelled of cecord by the holders thrreof at ~~r about the time of the recording ot this mottgage. ' 5. In the e~~ent the ovvnership o( the mottgaged pternises, or any part thereof. becomes vested in a person other than the ~k~rtgagor, the \tortgagee may, without notice to the hlortgagor. deal with such successot or suc- cessors in ~nterest N~ith reference to this deed and the debt hereby secured, i~ the same manner as with the Mort- gagor Nithout in am v?ay vitiating or discharging the Mortgagor's iiability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no farbearance on the part of the !Nortgagee, and no ex- tensi~n of the time for the payment of the debt hereby secured given by the ~lortgagee shall operate to release, discharge, modify, change or a(fect the otiginal liability of the !~lortgagot hecein eithet in whole ot in part. ~ 6. The lien uf this deed secures and shall continue to secure payment of said indebtedness or indebted- ~ ness, however evidenced, whether by said prumissory note or any tenewal or extension theteof or substitute there- [or, or otherwise, until aU such indebtedness shall have been fully paid. j 7. In~the event ?he mortgagors setl, convey or trnnsjer the mortgaged premises during the lije oj this mort- j RaRe, then th~s mortRaRe sho[l, at the option oJ the AfortRagee he?ein, 6econee immediately due and paynble jor the ~ Ju![ sum oJ the pnncipal 6alance and inte~est then due. 4 8. The terms "Alortgagor" and "Mortgagee" whene~er used in thic instrument shall include the heirs, ~ personal representatives, successors and assigns of the respective partie~ heret4. Whetever used the singutar ~ number shall includc the plural and the plural the singular, and the use of any gender shall include all genders. ~ ~ ~ . S~ ned, se d d iv d e prcs of: (Seal) ~ ~ . ~ ~~v ~ 1~_ L' ~-~j~cl~.~_NSZ~. _ (Seal) ~ -.~t~~: ` r .r 11.7, (Seal ~ ~ STATE OF FLORIDA I COUNTY OF~K ~ i5 ~ ST. LUCIE gV ~ L~AMS ~$d ~CEg p~~~ - Before me personally appeared hisEwife~A SO~ ~E ILLIA1~IS, anlunmarried man. to me well known and k~ow•n to me to be the individuals described in and who executed the foregoing instrument, ~ and acknowledged before me that they executed the same for the purposes thete~n expressed. WITNESS my hand e~ and off~c~al seal in the County and State last afotesaid this 9th Day of June, 1973 ~r 4,~ ~ ' ~ ~ ~ l ~ / ,"`n ~ ~ ~ty Comm~ssion Expires: JuIIe 3O 1975 (Votaty Public, State of FZQ~'1 ~ _~r: ';•a': : .F • z ~r~ % : • t % 6 s 'r' ~ • 'r ! ~ ` ~ i , _ i .~-I:~ ~M: J ~ ^ . . 1 - • ~ . ~i ~ f' ~j~~1~ _ ~ ~ji ~ ~4%-~~~~~~~~N~• . ~ k ~ 5 999 - SU~~ ~'ACE ~ ~ ~ ~h.__~. _ _