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Home My WebLink About0161 ~ File 5-~,974 aotice tAerwt by m~il W tl?s kfortga~es and the Mortg~gee rtuy malce proot d Iws i( tAe same is ~t made promptlY bY ~ K~Pi'~ !a wyet: d fors dowu~ o( this mart~ge or otMr u~nsier o[ titb w the mo+ti~ P~oP~Y in ~tinsui~hm~nt d tlw ind~bt~dnw sscvr~d 6web~. ~II ri~K, htle wad iaterest ot t!M Mortg~oc ia wd W aay iawraaos potiews thea ia tora sAall pass W tM purclus~r or ~rat?te~. 1~17b pxtorm. eomply witA and aDid~ by e~ce aod ~vary ti?e stiput~tions. a~cestwnts. coaditims and oown~nu in ~aid p~omia~a7 nae ~ed m thu dMd s~t torth. 1i171ut it aay ot sud sum~ of awney haein reterred w be not promptly ~d tully p~id witl~i~ te~ee daps mzt ~itar t~e ~me ~a~aUl becane~ due aad p~yaD{s. or ii e~c!? and ~very tFie stipulatioro. ~e~eenu~?ts. conditiaa aad caveoanu o[ said promissory mt~ and thia dMd. ar aith~r. are not tul(y p~tomisd. compli~d witA and aAidd by. the ~aid ~ggregue sum msntioned in s~id promissory aote aluU b~oome doe aod p~yable fonb~ ar ths~e~ker at the optioo ot tAs Mortgagee ~s tully aad caa~pletely as if the said aggre~ta sum o! said promia~r mte ~as oriaoaYy ~tipulred w be p~id oa wcA d~y. anythu?g iu said promissory mte or hsbia w the coatrary notwithstanbna. 1 j 171ut in order w accelerate the maturity ot the iadebtedneu Aueby se~wed. benux ot the (~ilure of tAe [Norta~or w pay asy taa. a~sa~t, liab~- ty. obfigation w etKVmbranos upon s~id property. as htrein provided. it sFull not be neomevy or requisite that the morta~~+se ssall 6nR pqr t6e Ntoe. ~ 2. '11~e Mortgagee may, at his option, and without waiving hia right to accelerate the indebtedneaa hereby secored and to foreclose the same, pay either before or after delinquency any or ull of thoae certain obligations reqnired by the terma hereof to be paid by the Mortgagor for the protection of the mortgage aecurity or for tbe collection oi tbe indebted- nesa hereby aecured. All aume so advaaced or paid by the Mortgagee ahall be charged into the mortga8~s +~ooo~mt and become an integral part thereof. aubject in aU reapects to the terms. coaditions. and oovenants oi tbs a~ore~aid peo~ia- sory note, and this mortgage. as fully and to the same e:teat ae though a part of the original indebtedness evideaoed bY said aote and secured by this mortgage. e:cepting however, that said suma shall be repaid the Morigagee fortbwitb its demand and be in addition to the regular moathly iastaWnents pmvided by the mortgage note. 3. That the abstract or abatracta of title rnvering the mortgeged property shall at all timee. during t6e life ot tbis mortgage. remain ia posaesaion of the Mortgagee and 'w eveat of the forecloaure of this mortgage or other traasfer ~ title to the anortgaged property in eztinguiahmeat of the indebtedneae secured hereby. all right. title and inLerest o~ tbe l[ai4~ gagor in and to any auch abatracts of title ahall psae to the purcheser or grantee. 4. To the eitent of the indebtedness of the Mortgagor to the Mortgagee dexribed herein or eec~a+ed he~b9. t.he Mortgagee is hereby subragated to the lien or lie.ns and to the rights oi the owners aad holders thereof of e~ch and ev~ay mortgage, lien or other incnmbrance on the land descr'bed herein which is paid and~or satisfied. in ~+hole or in p~rt, od of the pmceeds of the loan deacribed herein or secured hereby. and the respective lieas of said mortgagea, lieos or atber incumbrances. shall be and the same and each of them hereby is preserved and ahall pass to and be held by the ~[ctiga~ee herein aa exurity for the indebtedneas w the Mortgagee herein deacribed or hereby sec~ued, to the same e~nt tbat it . would have been preaerved and wouW have been paaeed to and been held by the Mortgagce 6ad it beea duty and re~uLrly assigned, transferred. set over. and delivered unto the Mortgagee by separate deed of assignmen~ notwithsta~din6 tbe fact that the same may be satisfied and cancelled of record, it beiag the intention of the parties he~eto th~t ihe same ~ . be satisfied and cancelled of record by the hoWers thereof at or about the time of the recording of thia mortga~ge. b. ln the event the ownership of the mortgaged premiaes. or aay part thereof. becomea ve~ted in a pe~~soa other than the Mortgagor. the Mortgagee may. without notice to the Mortgagor. deal with such auaoessor or soooeseors in in- terest with reference to this deed and the debt her~y secured, in the same man~er aa with the Mortgagor wiLbwt in airy way vitiating or dixharging the Mortgagor's liebility hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the Mortgagee, and no ezten9ion of the time for the p~syment of tbe debt Aereby securea given Dy tne morigsgue SueU Operate to release, discharge, modify. change or affect the origmal li:- bility of the Mortgagor herein either in whole or in part. 6. The lien of this deed secures and shall continue to secure peyment of said indebtedneas or indebtedness. bow~e~*er ; evidenced. whether by said promissory note or any renewal or eztension thereof or substitute there~or, ar otherwise. ' until all such indebtedneas shall have been fully paid. ~ T. In the euent tlie mortgogors sel~ convey or tronsfer ~he mortgaged premises during the life of t/us r~ortg~nga i th¢n this mo~tgage shaU, at the option of the Mortgagee herein, b~come immediately due ond payable for ilu fuR s~un of ' the principal balance and interest then due. ` 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include tbe hars. pa- ~ sonal representatives, suocessors and assigns of the respective parties hereto. Wherever used the singular nuiaber sbatl ~ include the plural and the plural the singular, and the use of any gend~ shall include all genders. ~ ~ ~ S' , aeal nd d er he presence of: ~ ~ ISe~ll ~ r ~ ~ 1 . c ~ ~ s L ~ STATE OF FLGRIDA ~ ss ~ COUNTY OF l~X14~ ~ ST. LUCIE • ~ Before me personeUy eppeared JOSEPH NARTMAN SMITH ~ an unmarried man ~ ~ to me well lmown and knowrn to me to be the individual described in and who esecuted t6e foregoing instrameat. and acknowledged before me that they executed the same for the purposes Lherein ezpressed. WITNESS my hand and official seal in the County and State last aforesa`.d this 16th Day of August, 1973 ~ ~ - • - ~ ~ : . June 30 1975 tvoca Public.scac~ot Florida at~ - My Commission Eapires: ~ r3' ~ ; ~ E~~~O~ A - - •~„~_7 ~_i _ 's~ ~Q Al10 ~VNiY 5 L - . ~ ~ ' r : = _ s- _ t ~l ~:E ~ ~j Ftl~ t - , ~ ' ~ _ ~ ~ 5~ Ro~iF ~~~j~~U~ ='~fs'b' ~ ~ ~~E~~` ~R~f ~E~ ~ • _ - ` R~~ R~ y t " 7,~,'~^'~.~„~~.•~' ~ r ~ ~ eH 13 ~ , ~ ~ ~ 35 ~ ~ ~ . 0~ ~ x 2625 B~GK 218 ~acE 161 - ~ ~ ~ 1 r ~ . _,r : , , : ~ ~ ~ * ? ,t_ t. `~..._s~:~-~