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Home My WebLink About0878 File 5-28,056 notia threo( by m~il to lhe Mon~gee and the Nortgagee may malce proot o( losa it the s~me is not aude promptly by the Mo?tgagor. In evenu o( tors dwun of tlus mortgs~e w other tr~nsfer ot titb w tL~ mo~~ud propenY in utin~uishm~nt ot th~ indsbudnw secund MnEry. all risht, title ~nd intenst oi tbe Mons~or in ~nd w~ny insurana polic~es then in torce sAall pus to the purch~ssr o~ ~aate~. Ih17b psrtorm. complY w'ith and ~bide by e~cA and ~vsry the atipulatiom. ~t~. conditions aad oowaa~u in sniw! pmmia~ory s~ote and in tlti~ d~ed ~st tortA. 1i171ut it any of sud wms of awaey hemin reterred w be not promptly and tully p~id w ithin ---~fteen days a~t ~iter the s~me ~everally becomee due ~ad p~yabls, or it e~ch and every tAe stipulatiort~, agreemeota. co~ditions and oovenai?te ot said promiasory aote aad this deed. or either. ~re aot (ully p~formsd, camplied rvith and abidsd by. the ssid ~g~reeate sum mentioned in aaid promia~ory note shall became dus aad p~yable torc6~vitA or theteaRer at ths option ot tl?e Mortgs8erc as tuUy at?d compietNy as rt the ~ua ~ggregate sum oi sud prom?s+ary noce ~ras ongu~auy w~pui~u~u iv oe y.i.: - oa such day. ~nythinaIIn ~aicl promis.wry note or Aerei~ w the cootnry notwithstan~ng. 1 j 171iat i~ o~du to ~cceknte the m~turity of the indeDtednees hereby secvrcd, becaux o( the tsilure ot the bfort~aagor to p~y any tu, ~seessn?ent, liabili- ty. obtigation or en~vmbr~nce upon ~aid propertY. ae herein provided. it shaU not be necessary• or requuite that the mortgsgee ehall first p~y tha sune. 2. The Mortgagee mey, at his option, and without waiving his right to accelerate the indebtedness hereby secured and W foreclose the same, pay either before or after delinquency any or all of those certain obligations required by the terma hereof to be paid by the Mortgagor for the protection of the mortgege se~urity or for the collection of the indebted• nese l~ereby secured. All sums ao advanced or paid by the Mortgagee ahall be charged iato the mort~age account and become an integral part thereof. subject in aU respects to the terms. condition~, and oovenanta of the aforesaid promis- sory note, and this mortgage, aa fully aad to the same extent as though a part of the original indebtednesa evidenced by said note and secured by this mortgage, e:cepting however, that said sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regular monthly instaliments pmvided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged property shell at all times. during the life of this mori~ag~. r~ma:n in gossessiasn of the 14Sortg~g~ ~n~ in sven~ ssf tt~e foreclose~re of t~~ rnQrt~a +~+r ~+~~r tr~n~+#er Qf tit~e w to the mortgaged property in e:tinguishment of the indebt~edness aecured hereby. all right, citle and interest of the Mort- gagor in and to any such abstracts of title shall pass to the purchaser or grantee. 4. To the e=teat of the indebtedness of the Mortgagor to the Mortgagee deacribed herein or secured hereby. the Mortgagee is hereby submgated to the lien or liens and to the rights of the owners and holders thereof of each and ev~y mortgage. lien 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 herein or secured hereby. and the respxtive Gens of said mortgagee, liens or other incumbrancee. shell~e and-the-same and eacb off~~}~ero hereby i`s preseived and shalt pass~~b~-hhelaby ~he 1GIo~-gee herein aa security for che indebtednesa to the Mortgagee herein deacribed or hereby eecured, to the same e:tent that it would have been preaerved and would have been pessed to end been held by the Mortgagee had it been duly and regularly assigned, transferred. set over, and delivered unto the Mortgagee by separate deed of assigna~ent, notwithatanding the fact that the same may be satisfied and cancelled of record, it being the intention of the parties hereto that the same will be satisfied and cancelled of record by the holdera thereof at or about the time of the recording of this mortgage. 5. In t6e event the ownership af the mortgaged premises. or any part thereof, becomes vested in a peraon other than the Mortgagor, the Mortgagee may. without notice to the Mortgagor. deal witb such suocessor or successors in in- tereat with refer8nce to this deed and the debt hereby secured. in the same manner as with the Mortgagor without in any way vitiating or diacharging the Mortgagor's liability 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 extension of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to release, discharge, modify, change or affect the original lia- ' bility of Lhe Mortgagor hereia either in whole or in pert. 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebtedness, however ~ evidenced, whether by said promissory note or any renewal or extension thereof or substitute therefor, or otherwise. i unt~7 all such indebtednesa shell have beea fully paid. ~ 7. In the euent tlae mortgagora sel~ eonuey or transfer the mortgaged preinises during the life of this mortgage. ~ t/ten this morigage shaU, at the option of the Mortgagee herein, bernme immediately due and payable jor the full sum of ~ the principal balance and interest then due. € 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, per- ~ sonal 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 indude all genders. ~ - % ~ ~ ~ ~~L' L ~Z a 15esIT- Signe~ ed a ~ i he pr ence of: ~ 1 Seal l c_t/ ' t'''- L, ~ ~ , ~ STATE OF FLORIDA s9 ~ COUNTY OF~X ~ ST LUCIE NELS0~1 E. ROLLE an unmarried man, being the ~efore me personally appeared WidoWer of ESSI~ MAE ROLLE ~ to me well Irnown and known to me to be the individual described in and who executed the foregoing instrument, and aclcnovt~l~ged _before ms_ that_ sheK~~te~~iQd_Sh~_~~n~_ ~or ~,~ig pur_R~,s~t~er~itl_~sprsssed~_~YITNESS_my__hand_an~---------' officiel seal in the County and State last aforesa'.d this 25th Day of August, 1973 ~ ~l,~~''' ~ 1: ~ ~ My Commission Expires: `Tune 3O , 1975 Notary Public, State of Florida - "Ira ''-1:" ~ =.'F . ~ " - ` : C; • 'c,A; : Z: _ _ • . . _ ~J~ _ . • • •1 - ~ FIlEO ~MQ PECOR~EO : ~ : ' L ~ ST. LUC1E COIfNTY FLA. ; ~ ~ ; M, . ; • , :k ROCE~~?~{TRAS ~ . • . ; CLERR C~: Cifi7 COUiIT ~ 1..„~~'' ~ RECORD VEF•:f1E0 ~ ~ SEr 5 3 19 P~'73 262960 u R - ~ $ooK 218 P~ 877 - - - ~ ~ _ _ ~ _