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Home My WebLink About0403 File 5-27,993 lhi~ m~.~l~agr ~•i r.thir iian.fr~ :s! l~tl; e-`-r r.•ase~a~rQ ~ej:_r!; er e:!:r.g_esRe~r! o! tRe :!~~t!~!e~nes~ +ecwed Ae~rAy, .U ~~~h~, t~~le ,.nd mtere.i u1 ~hr \1.utga~.~r m~nd to ~ny msu~ance pol~c~es ihen ~n (or.e shsll pass to the purcAsx~ or RuMee. ' (A) Tu prtlw m, ..vnply rn~h ~nJ a~~de by each and rvety the su pulrtiona, a~ree ments, cond~~~ons and covenant~ in sa~d prunussoiy no~e anJ m ~h~. derJ .r~ furtA. (~1 Tha~ d any of sa~d sums ut monr)' here~n refrrtrd tu bt not promptly am1 (ull)• pa~d ~uh~n hf~ten dsys nta~ atter the same .everally becomes Jue aod payaAle.~r ~t each and eve~y Ihe ahpulst~ons. a~rcementc, ~und~Uonc and covenants o( sa~d prams• sory nate and thu dced, or enher, are not (ully per[ormed, cuenpl~ed ~r~th and a~~ded by, the ,a~d a«repte swn menuoned m sud ~rwmsaory note shall becwne due and pa>aale (orthw~~h .x ~he~eafter Me opuon o( ihe Moitp~ee as (ully and completely as ~f the .a~d a«rc~a~t sum o[ sa~d p~xms.ary note ~as on~mally supulated to be pa~d on such day, anyth~n~ ~n sa~d ptom~ssory note w herein ta Iht contrary nnt~~thslandmE. 1 TAat ~n order to acceleratc ~~t ma~unq• of the ~ndebtedness hereAy secwed, because ot tAe fa~lure o( the Nw~~a~o~ ~o pay any ~ai, as.essment, Iuh~luy, obl~~at~on ~.r .n.umbrance upon sa~d pr~~perty, as herein ptov~ded, shall oot be necescary o~ requ~s~tt that tAe murt~a~ee chal{ fu~t pay the came. The ~lortgagee may, at his option, and without waiving his right to accelerate the indebtedness hereby ~ccured and tu foreclose the same, pay either befote or a~ter delinquency any ot atl of those ce~tain obligations required by the terms hereof to be paid b~ the ~lortgagor for the pro?ection ot the mortgage security or for the col- I~ct~on oi the indebtednecs hereby secured. Al! ~ums so aJvanctd or paid by the Mortgagee shall bt charged into the mottgage acc~~unt anJ become an integral part therea[, subjtct in al) respects to the terms, conditions, and covtnants of the aforesaid prrnn~ssoty note. and this mottgage, as fully and to the same extent as though a part - of the original indebtedness eridenced by said note~a~d secuied by lfiis mc~ttgag~,°e3ice{~t?~g'howevet, that said sums shall be repa~d the Alortgagee fotthwith upon its demand and be in addition to the [egular monthly install- ments prcivided by the mortgage note. 3. That the abstract or abstracts of title coveting the mortgaged property shall at all times. during the life of ~his rtx~rtgage, remain in ~+c~scession of the !1lortgagee and in event of the foreclosure of this mortgage or other transfzr of title to the mortgaged property in extinguishment of the indebtedness secured hereby. all risht. title and interest of the ~lurtgagor in and to any such abstraets of title shall pass to the putchaser or grantee. To the extent of the indebtedness of the Mortgagor to the Alortgagee desctibed herein ot secured hereby. the !1lortgagee ~s hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of esch a~d every mortgage, lien or other incumbrance on the land described harein which is paid and!or satisfied, in whole or in part. out of the proceeds of the loan described herein or secured hereby. and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each of them hereby is preserved and shall pass io anJ be held by the ~lortgagee herein as secutity for-the indebtedness to the Mortgagee herein describea - or hereby securrd, to th~ same extent that it would have been pteserved and would have been passed to and been held by the !1lortgagee had it be~n duly and tegularly assigned, transfetted, set over. and delivered unto the Moct- gagee by separate deed of assigament, notwithstanding the fact that the same may be satisfied and cancelled of recard, it being the intention of the parties hereto that the same will be satisfied and cancelled of recotd by the holders thereof at or about the t~me of the recording of this mort~age. - 5. In the event the ovrnersh~p o[ the mortgaged premtses, ot any part theteot. becomes vasted ~n a person other than the ~k~rtgagor, the ~lortgagee may, without notice to the Mottgagor, deal with such successor or suc- cessors in interest With reference to this deed and the debt hereby secured. in the same manner as with the l4lort- gagor without in am~ way vidating or discharging the ~lortgagor's liability hereunder or upon the debt hereby ~ securad. Na sale ~~f the premises hereby mortgaged and no forbearance on the part of the Mortgagee, and no ex- tension of the time for the payment of the debt hereby secured given by the !~lortgagee shall operate to release, discharge, modify, change or affect the original liabiliry of the ~lortgagor herein either in whole or in part. ~ 6. Tne iien ui inis dccu sccures ana snaii coniinue io secure payment oi said in~eutedness or indeo[ed- I j ness, however evidenced, whether by said promissory note or any renewal or extension thereof or substitute there- ~ for, or otherwise, until all such indebted~ess shall have been fully paid. ! 7. In the e~•e?rt the mortgagors sell, convey or t~ansjer the mo~tgaged prernises during lhe lije o( this mon• ~ ~aRe, then this mortgage shall, at the option oj the Alorlgagee herein, 6ecome i?runediately due and paya6le Jor the fulf sum oJ Ihe ~r?ncipa! (wlance and interes~ then due. ~ 8. The terms "1~lortgagor" and "Mortgagee" whenever used in thic instrument 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 gender shall include all genders. ~ ~ j ~ ~ ~ Sign d seale nd verc i e presence oi: (SeaU ~ ~ ~ ~c~~? ~',~x,CL~r~~h-~ (Seal) ~ y~~ ~ ~c~c~ ~~/l / u_:~c~_ a ~ ~ ~ ~ STATE OF FLORIDA I ~ COUNTY OFN~X ~ ~S ST . LUCIE ~ ~ Before me personally appeared LOUIS ALEXANDER and MATTIE ALEXANDER~ his wife~ j { to me well knov?~n and known t~ me to be the individuals described in and who executed the foregoing instrument, ~ and acknowiedged before me that they executed the same for the purposes therein eapressed. WITNESS my hand . and off~cial seal in the Count} and State last aforesaid this 9th Day Of AugtiSt ~ 1973 ; - ~ ; ~r< ~ , ~ ~ty Comm~ssion Expires: JuRe 30, 1975 Notary Public, State of Florida a~ . ~ . - ~ ; • - ~ - _ : ~~Yy_ .~-=''°~r = i ~ v ` = _ ~ ; ~ ; b1;0.' ' .t - _ r>; ~ : . 1 - r c-.~' ~ ~ ~ ~b,''•••.....•~• ~ 'r. f ~~~~.t~~~ ~ Bo~ 218 403 ~ ~ . ~ ~ ~ ~ ~ ~ ~ ~ _ ~ . . , ~