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Home My WebLink About0135 Our file 5-27,5~Q eh~. mo~i~eaKr ~w a~hr~ uan.tc~ u1 utlc ~u ihe mon~~red ptupe~~~ ~n e~l~n~uuAment u~ ihe ~ndebteJoe.s ~e.u~ed hc~en>. ~11 n~M, t~tle and imete~~ ul ~Ae ~t~a~t~su~ ~n •nd to an~ ~osu~~nce M~i~c~es then ~n torrt xAal1 pa~s lo ~he pw~ha.rr ur ~~antet. /AI T.. perh~m. ..rnplv +uh •~d ab~de by eacA and evt~Y the ce~pulatuu~a, •~irements, cond~t~un. rnd co~enanic ~n c~~d prum~.swy no~e and ~n ih~. derJ .rt lur~h. i Tha~ d any ul .ae~ ~um. monry hcre~n te(cnrd to be out prumptl)' and (u11Y Da~d M~iA~n hfteen daYs ne~t alu~ the samt xeverallY ~«~mes due and pa)'ahle..u eacA and eve~y the st~pulauw~s. a~teemenh, cunJ~u..ns and covensnts o( sa~d pran~s- say noee and tAu deed, ur euhe~, a~e not fully performed, c.wnpl+ed tii~h :?nd sb~ded ~he .a~d ag~~e~ate sum raenuoned m sud pran~ssay note sAall become dur and pac~ble («tA~~th w the~eatter st the opt~on ot tAe ~1u~~~a~ee as fully ~od comple~ely as ~t the sa~d as~rc~a~e ~um ot sa~d praxn~c~ur~ nn~e +ras ur~~~nal{)' ~~~pulated to be pa~d on sucA daY. anythin~ m ss~d p~om~ssw~ no~e a here~n to ~he conua~) not~uhstand~n~. i TAat ~n order to arcelerate ~he m~~unty o( ~he ~ndebtedness hereby secmed, because ot the 1a~lure o! the Mcw~`a~u~ u. pay any u~, r~st~smeM, L+M1~1~, ob1~g~Uoo ~~r rn~umbranct u~xx~ ~a~d p~nperty, as hetc~n ptov~ded, u shall no~ bt necec~ary a ~eQu~site that the mu~tEapte shall hr.~ pay ~he srme, 2. The ~tortgagr~ ma}•, at his optian, and withaut ~~aiving h~s tight to acctlerate the indebtedness hereby ~ecured anJ to fareciose the ~ame, pay either before or after delinquency any ot all af those certain obligations reyu~red by the terms hereaf to be paid by the \lortgagot for the protection of the mc~rtgage security or for the col- lecuvn ~~f the indebtednets hereby secured. All s~ms s~~ advanced or paid by the ~lortgagee shall be charged into the m~~rtgage acc~~unt anJ become an integral part thzreof, subject in sil tespects to the terms, conditions, and cuvenants oC thr aforesaid prom~ssory note, and this mortgage, as fuliy and to the same extent as though a part of the origina{ indebtedness evidenced by said note and secured by this mo~tgage, excepting howevec, that said sums shall be rcPaid the ~tortgagee forthwith upon its demand and be ~n addition to the regular monthly instali- ments provided b~• the mortgage note. 3. That the ab+tract or abstracts of title covering the mortgaged property shall at ait times~ duting the (ife rf this m~~rtgage, remain in pos,ession of thc \lortgagee and in event of the foreclosure o[ th+s mortgage or other transftr of t~tle w th~ mottgaged propetty in extinguishment of the indebtedness secured hereby. all right, title and interest of the ~lortgag~r ~n and to any such abstracts of title shali pass to the purchaser or gtantee. ~3. To thr extent of the indebtedness o( the Mortgagot to the Alortgagee described herein or secured hereby, the \lortgagee ~s hereb~• subrogated to the lien ur liens and to the rights of the ov?necs and holders thereof of each and every mortgage. I~en or other incumbrance on the la~d described herein which is paid and:'or satisfied. in whole or in part. out of the proceeds of the loan described hereio or secured hereby, and the respective liens of sa~d mortgages. liens or other ~ncumbrances, shall be and tht same and each of them heteby is pteserved and shall pass to artd be held by the 11~rtgagee herein as secutity fot the indebtedness to the Mortgagee herein desctibed or hereby ~ecured, to the same extent that it would have been ptesetved and wouid have been passed to and been held by the \t~~rtgagee had ~t been duly and regularly assigned, transferted, set over. and delivered unto the Mort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it be~ng the ~ntention of the parties hereto that the same well be satisfied and cancelled of recotd by the hoiders therenf at ~r abaut the t~me of the recording of this mortgage. S. !n the event the ownership of the mortgaged ptemises, or any part thereof, becomes vested in a person <~ther than the ~k~rtgag~~r, the \lortgagee may, without notice to the ~lortgagor, deal with such successor or suc- cessors ~n interest Kith reference to this deed and the debt hereby secuced, in th~ same manner as with the \tort- gagor without in am~ way viUaung ar discharging the titortgagor's lisbility hereunder or upon thr dtbt heieby secured. No sale af the premises herebp martgaged and ~o forbeazance on the part of the Mortgagce. and no ex- tension of the time for the payment of the debt heteby secured given by th~ Slortgagee shall operate to telease, discharge, mod~fy, change or affect the original liability of the !~lortgagor herein eithet in whole ot in part. 6. The lien uf this deed secures and shatl continue to secure payment of said indebtedness or indebted- ness, however ev~denced, whether by said prom~ssoty note or any renewal or eatension theteoC or substetute ihere- for, or otherwise, until all such indebtedness shall have been fully paid. 7. !n the ercnt the moitRaRors sell, convey or t~ansJer the mortgaged premises during the lije oj this mort- ~aRe, then th~s mortRaRe shall, at the option oj ~he !Ilortgagee herein, 6ecome in?mediately due and paynble for the !al! sum of 1he pnncipal 6a/ance and ~nterest then due. 8. The tenns "!1lortgagor" and "4lortgagee" whenever used in thi~ instrument shall include the heirs, personal representatives, successors and assigns of the" respective patties hereto. Whetever used the singular number shall ~nclude the plural and the plural the s~ngulat, and the use of any gender shall include all genders. i Signe , sealed a de er the presence of: ~ SeaU ' C~"~ ? ~Q~='''13"'t/ ~ ~ ~ (SeaU ! L !1 c ~ ' : ~ : ~t : c } ~ ~ - i ~ - ~ STATF OF FLOR(DA I ' COUNTY OF~ 4 's ` ST. LUCIE ' Before me personall> apPeared JAMES VAN CHASON and BARBARA CN~SON~ his wife~ to me well known and known to me to be the individuals described in and who executed the fote6oing instrument, ~ and acknow~ledged before me that they executed the same for the purposes there~n ezpressed. WITNESS my hand and off~c~al seal in the Count~ and State last afotesaid this 2jSt Day of June, 1973 ' la r,'; I ` : ~ f '.y» ~ ~ ~ ` ;a :i.~r ~1y Commission Expires: Jut1e 30, 1975 [Votary Public. State of_ Fles.^Yd e. ; e ~ 3 p ro = : ; _ ~i r_ fp AM~ KE~'iY F~~• ~ ; a/ ~ " ' ~ S~~W4~E ~PO t~tl?S ~6, i, ~ ~~~/C~R~Gd11 C4~Rt . ~~N~NM~~~ •~,,,ti•; ; ~ CI.~AP. t,„it ~EO ~ ~ ' i lIECOR~ Y~ . . . . ~ 5 3 2~ PM f! o~ 2ss~z ~~~K 216 ~~~F 135 ~ : - ~ ~ ~ F _ . . _ ~ - s