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Home My WebLink About1159 File 5-27,834 th~. mut~~a~te w uthrr uan.lei ul u~lr ~u ~Ac mo+~~a~ed poperq ~o c~ungu~ahment w the ~ndeAteJne~s ~ecurrd Aete~y, all r~~M, u~lt and ~oteto.t u( thr \iuri~a~w ~n and ~o any msuraoce pul~c~ec ~Aen m torce shall pass to ~At purcAaser or ~r~ntrc. (A1 Tu prrlwm, .~wnply W~th and ah~Je hy each anJ cvery tAe cNpulabons, a~reemen~s, cond~Uan~ ~nd covenantc ~e sa~d prum~xsoty note rnd ~n th~. derJ .c~ (orlh, ) TAat d anY of .a~d suma ul muney hercin ~elon~•d to bt not prompUy and (uUy pa~d ~uh~n (~(~eee dsys next sl~er the samt severallY ~~~es due and paYaAle,~w ea~h and eve?y the st~pula~~ons, a~reements, c.ind~t~ons and covenan~~ o( sa~~ ptap~s. say note and th~~ decd, or euher, are nos futly perfnrmed, cirrt?pl~ed w~U~ snd aD~ded hy, ~he .y~d a~srep~c swu menuoned ~n ss~d pwoissa~ nute shall ~ecome due anA pavable (wtAr~th .u tAe~esfter a~ lhe opt~un of the \lon~asee as (ully and completely aa it the .a~d a~~re~a~e sum ot sa~d p~anis.ory note wac o~~~~nally sUpulated to be paid m such dsY. anpthm~ m sa~J prom~ssory no~e or herein to the coatrary aotriths~andinE, ~ 1 Th~t m wde~ ~o accelers~e ~hr mawn~y ut the ~ede~tedness hereby secu?ed, because u( thr (a~lure ot ~Ae Nwt~a~or a. psy any tax, asse~sment, i~ab~ht~, oblisatlon ~x rncumbrance u~ sa~d proper~y, as hetem prov~ded, ~t sh,?11 not be neces~ary or reQu~s~te that the mixt~asee shall (u.~ ~.ay the sama ~ 2. The ~lortgagee may, at his option, and without waiv~ng his right to accelerale the indebtedness hereby ~erured and tu foreclose the .amc, pay either betore or after delinquency any or all of those certain obligations required by the terms hereof to be paid by the 1lortgagor for the protection of the mc~rtgage security or for the col- lection of the indebtednecs he~eby secured. All ~ums so advanced or paid by the VMttgagee shall be charged into ~he mottgage account anJ become an integral part thereol, sub~ect in alt respects to the terms, conditions, and cuvenants of the aforzsaid prum~ssory note, and this mortgage, as futly and to the same extent as thou~h a patt of the ariginat indebtedness evidenced by said note and secuced by this mortgagt, excepting howevet, that said sums shall be repaid the Alortgagee forthwith upon its demand and be in addition to thz tegulaz monthly install- ments pravided by the mortgage note. 3_ That the abstract or abstracts of tit~e covering the mortgaged property shall at all times, during the life of this mortgage, remain in passession of the Alortgagee and in event of the foreclosure of this mortgage or other tra~sfet of title ta the mortgaged property in extinguishment oi the indebtedness stcured hereby, al! right, title and intcrest of the \tortgagor in anrl 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 ~loctgagee described herein or secured he~eby, the \lortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each and every mortgage, l~en ar other i~cumb~ance on lhe land described herein which is paid and!or satisfied. in whole or in part, out of the praceeds of t~,,r loan described herein or secured hereby. and the respective liena of said mortgages, iiens or other ~rreumbrances, shall be and the same and each of them hereby is preserved a~d shall pass to and be held by the ~~ortgagee herein as security for the indebtedness to the Rlortgagee herein described or hereby secured, to the same eztent that.it would have been preserved and would have been passed to and been held by the \lortgagee had it been duly and regularly assigned, transfetted, set over. and delivered unto the Mott- gagee by separate deed of assignment. notwithstanding the fact that the same may be satisfied and caacelled of record, it being the ~ntention ol' the parties hereto that the same will be satisfied and car~celled of record by the holders thereof at ar about the teme of the recotding of this mortgage. _ 5. In the event the ow•nership of the mortgaged premises, or any part theceof, becomes vested in a petson other than the \lortgagor, the ~lortgagee may,. without notice to the Mortgagor. deal with such successor or suc- cessots in interest Nith reference to this deed and the debt hereby secured, in the same mannet as with the hlort- gagor without in any v?~ay ~itiating or dischatging the hlortgagor's liability hereunder or upon the debi hereby secured. No saie of the premises hereby mortgaged and no forbeatance on the part of the Mottgagee, and no ex- tensicu~ of the time for the payment of the debt hereby secured give~ by the Nortgagee shall operate to release. discharge, modify, change or affect the original liability of the Mortgagor herein either in whole or in part. 6. The I~en ~~f this deed secures a~d shall continue to secure payment of said indebtedness ot indebted- ness, however evidenced, whether by said promissory note or any renevaal or extension thereof or substitute there- for, or otherwise, until alt such indebtedness shall have been fully paid. 7. /rr the Prerrt the nlo~tgago~s se!!, convey o? transfer the mortgaged pre,nises during the lije oj this mort- Rage, then this mo~iRage shnll, aE the option oj the Alor~Ragee herein, beco?ne imniediately due and payabfe jor the , full sum oJ the pnncipal balance ared interest then due. - 8. The terms "Mortgagor" and "!~lortgagee" whenever used in this iest~ement shall include the heirs, personal representatives, successors and assigns of the respective parties hereto. Wherever used the singular number shall include the plural and the plural the singular, and the use of any ge~ ~hal! include all genders. / ` I j Signe . seale d d ~ve d in the presence of: ~ '1~ ~ eal) i ( ~ ! (SeaU t E+~ r~J -:_,c:-' -c ~ y,-i ~,~c~c,, S E OF FLORtDA IJ ; COUNTY OF~~ 'S ; ST. LUCIE ~ MARY LOU RAHMING DII~IPS, an unmarried woman, formerly Before me personally appeared known SS I"~IRY lt. BRANCH , to me well known and known to me to be the individuals described in and who executed the for~going insttument, and acknowledged before me that they executed the same for the purposes there~n expressed. WITNESS my hand and off~c~al seal in the County and State last aforesaid th 2nd Day Of AugtlSt~ 1973 : E , ' 2610~5 f ; . , ' ~tr c~~;~o~~x~5~~: June 30, 1975 Notary Public, State o~ F1 a~~ Sn i ST.II.+CIC ~;~J;:NTY FLA. = y~ ~ : ~ _ C~FJ~t : '~g -L~ t:- . Q`r~_r~~. . :1 lti~t ' '1 i 1 •r, _ i . . . i 1 - , . ~ - : ~ t ~~~p~~~~~~ QUG ~ ~ 17 ~'H'7~ " ~ ~ ' ~ ' ~c~? ~1,1~ ~ ~ . - ~ r_ ,M r ~ f z . . _ ~ . ~ ..a