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Home My WebLink About1493 FiZe 5-27,577 th~. murtsa~Cr .K u~Ar< <ranstc~ u! uUe iu thr murtX~~ed poper~~ m eaun~u~s~men~ w ~he ~ndt~tednesa sec~~cd hercAy, ~~~h~, t~~le rnd ~ntere~~ o(tAe \1un ~a~w ~n rnd ~o anY msutance pulic~e~ then ~n iorce shall pass lo tAe purcAa~er or ~~sn~te. Ih1 To per~,am, ..vnnly w~~h rnd ab~de by each ~nd every Ihc aupulauons, a~reements, coed~t~ons and coaenants ~n xa~d prum~csory nott and m tA~~ derd ~r~ for~h, 1 Thal d any o( .a~d sum. ul m~~ney here~n ~efrrrcd to be nut prump~ty a~d fully pa~d w~ih~n h(teen days ne~t a(~er the same scrrially Decomes due and psyable, a ~t ea~A and evety tAe aUpulat~ons, ~~~eements, ..~ndu~uns and covenants o( s~~d pams- say note aod lA~y dee~, or e~~her, are not (ully per(amed, compl~cd wuh and ab~ded d)', the .a~J assrt~att sum menUoned ~n said prom~ssdy no~e shail bec.xne due and payable torthr~lh w therca(ier st tAe optlon ot 1he MortRa{ee as tully and completely as d ~he c~~d a~~repte sum o( sa~d prcxms.ory no~e Wsi w~~~n~ib• supulated to ~e pr~d on such day, aoyth~n~ ~e sa~d pramssory note or Aere~n to ~he .onirary not~~~hstandinE. l~ 1 Tha~ m orJer ~o accelerate the ma~w~~y uf the ~ndebtedness hercby secured, becsuee o! tAe ta~lure of the Mortjiia D~Y ~~Y ~s.e~sment, l~abiL~p, ~~lia~t~on r+r rncumDranee upw~ sa~d proper~y, as herrm prov~ded, sha11 not be neces~ary or requ~s~te tha~ ~he m~x~~a~ee shall f~r.~ ~yy the same. 2. The ~lottgagee may. at his option, and without waiving his right to accele~att the indebtedness heteby secured and t~~ foreclose th~ same, pay either before or after delinquency any or all of those cettain obligations ' required by the terms hereof to be paid by the ~lortgagor for the protection of the rrn~rtgage security or for the col- iection of the indebtedness hereby secured. All sums so advanced or paid by the 1~lortgagee shall be charaed into the mortgagr account anJ become an iotegtal patt thereof, subject in all respects to the terms, conditions, and covenants of the aforesaid promissary note. and this mortgage, as fully and to the same extent as though a part o[ the o~iginal indebtedness ev~denced by said note and secured by this mortgage, excepting howeve~. that said sums shati be repaid the A1orlgagee forthwith upon its demand and be in addition to the ragular monthly instal!- ments provided by the mortgagc note. _ 3. That the abstract or abstracts of titie covering the mortgaged property shall at all times. during the li[e of this mortgage, remain in possession of the !1lortgagee and in event of the foceclosure of this mortgage or other Iransfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, aIl right, title and interest of the ~lurtgagor in and to any such abstracts af title shall pass to the purchaser or grantee. To the extent of the indebtedness of the Mortgagor to the ;Nortgagee described h~rein or secured hereby, the ttortgagee is hereby subrogated to tha lien or liens and to the tights of the owners and holders theteof 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 loan described hetein ot secured he[eby, and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and ~ach ot them hereby is preserved and shall pass to and be hcld by t6e Mortgagee herein as security for the indebtedness io the Mortgagee herein described or hereby ~ecured, to the samc extent that it would have been preserved and would have been passed to and been held by the 1lortgagee had it been duly and regularly assigned. transfened, set over. and delivered unto the Mort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancellad of record, it being the int~ntian af the parties hereto that the same will be satisfied and cancelled of r~cord by the holders thereof at or about the time of the recording of this mortgage. 5. in the erent the ov?~nership of the mortgaged premises, or any patt thereof, becomes vested in a person c+ther than the 1lortgagor, the \tortgagee may, vvithout notice to the Mottgagot, deal with such successot or suc- cessors in interest Kith reference to this deed and the debt hereby secured, in the same manner as with the Mort- gagor without in an~• way vit~ating or discharging the Mottgagor's liability hereund~t or upon the debt hereby secured. No sale uf the premises hereby mortgaged and no fotbearance on the part of the Mortgagee~ and no ex- tension of the time for the payment of the debt h~reby secured givert by the !Nortgagee shall operate to release. discharge, modify, change or affect the original liability of the Mortgagor hetein either in whole or in part. 6. The lien ot this deed secures and shall continue to secure payment of said indebtedness orindebted- ness, however evidenced, whother by said ptumissory note or any renewal or extension thereof or substitute there- [or, or othetw~se, until all such indebtedness shall have been fully paid. 7. ?n the e~•ent the mortRagors sell, convey or transjer Ihe mortg4ged p?emises durisg the lije oJ this mo~t- qaRe, then this mortgaRe sholl, at the option oj the A}o~tgagee he~ein, becvme inuhediately due and pnyn6le Jor the ju!! seem oj the prencipal 6alance and inte~est ~hen due. 8. The tertns "Mortgagor" and "Mottgagee" whenevet used in this instrument shall include the heirs, 'j personal tepresentatives, successors and assigns of the respective patties hereto. Wherever used the singular ' number shall include the plural and the plural the singuiar. and the use of any gender shalt include all genders. ~ ! ' ; Signed, ealed and i ~n esenc~ of: (.f> (Seal) { ~ ~f n ; "tL- " (StaU 6 ~ `~~f~C/ r i~>1 /J [ [ i.i STATE OF FLORIDA I F COUNTY OF pID~L ~ ~s ¢ ST. LUCIE ~ Before me personally appeared CHARLES B. ELLETT atZd MILDRED L, ELLETT ~ his wife ~ ' Io me well known and known to me to be the individuals described in and who executed the forogoing instrument. : and acknowledged before me that they executed the same for the purposes there~n expcessed. WlTNESS my hand ~ and off~c~al seal in the County and State last afotesaid this Sth Day Of .Ttlly~ 1973 Mp1ilHIU/~I~/~' . ~,VGI~. , ~ 1 . Y' _ - . , f ' June 30, 1975 ~ • y : = ~1y Cort?mission Expires: Notary Public, State of ' Y'~ Er` "s ~ ` G_;. ~ - ~ FIL CORflEO : Lftl Qj`~i`;~~ ' j C(c' COttMtr fLA. - ~ ROCEF. P~ITA.AS t~ % ti•. ; CLERK CtFCUIT COURT _~'~,,'!6.'~••..~ :••~~5.4, . s RFCOf^ VEi?lF:~D ~i~~~~;l,~i+'~?`..; " ~~t~en1N'`'~ # ,~n.18 7 a~ AH'73 ° ~ 216 ~~~.1494 s:`K - 2591.69 ~ ~ . ~ . ~