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Home My WebLink About1480 File 5-27, 570 iA~. m.H~pRc ~r u~Ae~ ~tan.ie~ ut t~Ur ~he mottta~ed poper~y ~n exuni~~shmem o~ ihe ~ndcAtcdnets ,eaerrJ he~ebY. ~11 r~~l~t, htlt rmf ~merc~t u( tAe !Nurr~a~ur ~n ~rw! to anv insurance pul~c~es ~hen in (.xce sMll pas~ 1o tAe pwth~scr or ~ran~et. (A) Tu pe~nvm, cavnpl~• w~~A an~! abide by esch ynd rvery the supulat~ons, a~teements, conSil~un~ aod covenants ~e sa~d ptum~ssory note anJ ~n th~. deed .ei Gx~A. 1 TAat d~ny o( sa~d sums u( mcney R~re~n re:ertcd to be nut prwnptlY and (uliy pa~d ~~th~n ld~eeo daYs nt~~ a(ler tAe same severally be~anes due and psyahle,a J ea~h and eve~y tAe xt~pulst~ons, s~reemenes, con+},Uunc and corenants of s~?d p~an~Y- sixy note and tAes deed, ur ri~her, are no1 (ully pcr(ormed, c~~mplied ~r~~h and ab~ded Ay, ~he .a~d a~~re~a~e sum menuoned m ss~d pwn~cswy nute ahall becwae due and paYable (a~h~ith a the~e~tte~ at tht opun+? of the lllartYaiee as fully and coTpletely as d ~he s~~d a«re~a~e sum o( sa~d pnwmaswy note wac ~u~~~na1tY supulateC to be pa~d on such dry, aaytAmY ~n snd p~an~ssory note or here~n tu tAe conlrary nw~uhs~and~nE. V 1 TAa~ in «de~ ~o rccNerau ~ht r.uwn~y o[ the indebtedness Aereby secwed, because ut thc l~~Iure of ~he A1at~a~m pay aoy tax, •sse.sment, lu~~l~tp, obLSytioe ~v cnrumbrance upan sa~d property, as here~n protided, .ha11 not bt oecrss:?y o~ reQu~sue tha~ ihe mcx~~a~ee shaN f~r.t psy the same. 2. The \tottgagee may, at his oplion, and without wa~~~ing his right to accelecate ihe inde6tedness heteby secured and t~i [oreclose the same, pay either before ar after dolinque~cy any or all of those cettain obligations required by the terms hereof to be paid by the Mortgagor for the ptotection of the mc~rtgase security or fot the col- lection of the indebtedness heteby stcured. All cums so advanceJ or paid by the !Nortgagee shall be charged into ' the mortgage account and become an inte~ral part thereaf, subject in a!1 respects to the terms, conditions. and cuvenants of thr afor~said prom~ssory note. and ihis mortgage, as fully and to the same exte~t as though a part of the original i~debtedness evidenced by said note and secuced by this mortgage~ excepting however. that said sums shall be repa~d the !?lartgagee forthwith upon its demand a~ be in addition to the regular monthly install- ments provided by~ the mortgage oota. 3. That the abstract or abstracts of utte covering the mortgaged property shall at all times. during the life ~f this rtx~rtgage, remain in possession of the Rtortgage~ and in event of the toreclosure of this mortgage oc other transfzr af title to the mortgaged property in exlinauishment of the indebtedn~ss secuted heroby. all right. title _ and interest of the ~to~tgagor 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 tn the R1o.~gagee described herein or secured hereby, the ~tortgagee is hereby subrogated to the lien or liens and to the rights of ihe owners and holders thereof of each and eve~y mortgage, lien or other incumbrance on the land describtd h~rein which is paid and!or satisfied. in whole or in part, out of thc proceeds of the loan described herein or secured hereby, and the tespective liens of saed mortgages, liens or other incumbrances, shall be and the same and each of them hereby is preserved a~d shall pass to and he held by the ~lortgagee h~rein as sesnsitY fos the indebtedness to the Mortgagee herein described or hereby secured, to the same extent that it would have been preserved and would fiave becn passed to and been held by the ~lortgagee had it been duly and regularty assigned. ttansCetred. set over. and delivered unto the Mort- gagee by separate deed of assignment, notwithstanding the fact that ~the same may be satisfied and cancelled ot record, it being the intention of the partics heretu that the same wi11 be satisfied and cancelled of record by the holders thereof at or about the time of the tecording of this mortgag~. 5. ln the event the ow•nership af the mortgased premises, or any part thereof. becanes vested in a person ather than the ~lartgagor, the \lortgagee may, without notice to the !Nottgagor, deal with such successor or suc- - cessors in interest w~ith reference to this deed aad the debt hereby secured. in the samt manner as with the Mort- ~ gagor without in any way v~tiating or dischargiog the Martgagor's liability hereunder or upon the debt hereby secuted. No sale of tht premises heteby mortgaged and no forbeazaace on the part of the Mottgagee, and no ex- tension of the time for the payment~ of the debt hereby secured given by the Nortgagee shall operate to release. discharge, mod~ty, change or affect the original liability of the !~lortgagor herein either in whole or in part. ' 6. The lien of this deed secutes and shall continue to secure payment of said indebtedness or indebted- ness, however evidenced, whether by said promissory note ot any tenev?al or extension theteof or substituto there- [or, or otherwise, until all such indebtsdness shall havt bten fully paid. 7. ln the e~•eret the mortgagars sefJ, convey or transjer the mortgaged p~eneises during the lije oj this mo?t- QaRe, then rhis mortgaRe shall, at the oprion of the Afortgagee herein, 6ecome inimediately due and pnyable Jor the Jull suni oJ the pr~ncipal balance and enterest ther. due. 8. Th~ terms "Mortgagar" and "!Nortgagee" whenever used in thi~ instrument shal! include the heirs, - personal tepreseniatives~ successors and assigns of the respective parties hereto. Wher~ver used the singular number shall include the plural and the plural the singular, and the use o! any gender shall incl e all genders. i , I Signed sealed a del' er in e presence of: tSea1) ~ i (Seal) , ~---•~~i . , ~ 3 STATF OF FLORIDA I ' COUNTY OF ~ f 'S 4 ST. LUCIE JOYCE ARLENE GWINNUP, an unmarried woman, being Before me personalty ap~scated the Wi.dOw of WILLIAM WELKER GWINNUP to me well knov?~n and known to me to be the individuais described in a~d who executed the foregoing instrumeni, s and acknowledged before me that they eaecated the same for the purposes therein expressed. WITNESS my ha~d t and o(ficial seal in the County and State iast aforesaid this 7th Day Of .~ul}~~ 1973 ; ; ~ r', : ~ . ` ~M~~ ; 1Ay Commission Expires: ~jimP ~0~ , 75 Notaty Public, s~ace ~r Florida 8t.~~ a - ANt? aECOaDf~ ' _ ; : : , • ' . ~ ° f ItE~ COUNtY Fl~'• Y, r _ st.l~ G~~F P4~tR1~S T ` ~ : ' ~:'s:; . ~ PO t OUR ~ - s ~r - - : C ;.~U~ C 'y. ; ~.v-= - - CIE~K ~ tFiEO - ~ = .f C . . ~ ~ PECOk~ ~Er ~ `z _ _ f~,~: ~ eH~~3 ~d:••. -`.••''~~.-ti~ - f_,. A ~l~ ~ ~ • ~~~resN~ ~ . _ ~ ~b f ,j~ 7 ~'~il,~~ttil`' r- 0 Q '~~%N~?n,,; a,:. - 2ssss~ $~~~2~6 r~~~1~8i _ . i ~ . ;-,v~ , jv4`+Y ~.l)'a_'°_~. . ...F .Y - ~j .3 . . . t ~--'c~,~.~:'c~"»'d4~.