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Home My WebLink About2501 File 5-28,170 ootiea t6et~o( Sy ~il to t6t Mort~agee wd tM Mortg~gee ~ruy make proot ot bss i( the same is not a?~de P~P~Y bY tbe Alataa~. In ~vaNt ot to~r ~ cloww d this morts~e ar otAet tru?siK ot titM W t6s mo~~Yed PropxtY ia e:tingui~Aio~nt ot th~ in8ebtadnw secvred h~nb~. all ri~At, titk ac~d ~ inta~yst o[ ths AAort~~or in ~ad w aay inwrana poticis~ thea in forca sl~11 paaa w tbe purcMser or grwtAS. IA11b pKfores. eomply witA aad ~bid~ by e~e!? and ewry the stipulatiau. a~ree~oents. coaditions wd oovenanq in ~aid promiaory aot~ and 'w t!w dMd Mt tortb. 1i171ut it ~ep of a~id sua?+ot money l~eeein reterred w be aot pmmptiy and fully paid witAin ~fteen days a~t ~her tl~e ~taie ~avarally b~eomM dus aod pqnble. ar it e~el~ ud ~ve~r tAe stipul~taas. ~6~nrents. oo~ditions aad cuvmants ot atid promissory aote ud t~ia dsed ar sither. are oot (nl~r p~(orm~d, complisd witL aod abidd by. tAe said ag~regats sum mentiooed in said pomissory aote s~all bsoo~ne dw wd payadM forthw~fth ot th~na[ter ~t tlr optioo d the Mortpges w(ully ud compietely u it the said aggre~te sum oi said promia~y uote wu oriaitiUY ~t~PuLted to bs paid 0o wrc~ dty. aoythins in s~id promis+ory oote or 6erein W tAs ta~tnry notwithsta~dieg. 1117~t ia ad~r w~ccelerau tLe m~turity d t6e indebtednesa 6ersby aecured. beuuee ot the (~ilure ot the Mortg~gor w p,y aay ta:. assssemsnt, li~biti• ty. obli~tion or ean~mbraoos upon gid prope~ty. u Mxein provided. it shaU not be necessary or requisite tLat the mortg~gse shall tust pq tLe s~me. 2. The Mortgagee may, at his option, and without waiving hia right to accelerate the indebtednesa hereby aecured and to forecloee the same. pay either before or aker delinquency any or all of those certain obligationa required by the terma 6er~eof to be paid by the Mortgagor for the protectioa of the mortgage security or for the collection of the indebted- n~es bereby eecured. AU swns so advanced or paid by the Mortgagee sball be chuged into t6e mortgage aocount and beoome an integrat part" t~ereot aubject m at!-respects to tbe terens.-oonditions; end t~avenanta of the aforesaid promis- sory note, and this mortgage. as fully aad to the same e~ct~t aa though a part of the original indebtednees evide~ed by said aote and secured by thia mortgage. e=c~ting however, that said awna shaU be repaid the Mortgagee forthwith upon its demand and be in addition to the regular monthiy instaWn~ta provided by the mortgage note. 3. Tbat the abstract or abstracta of title covering the mortgaged property aha11 at all timee. during the life of W~ia mortgage~ remain in poeseasion of the MoKgagee and in eveat of the forecloaure of thia mortgage or oth~ transfer of title to t.be mortgsged property in e:~t of the indebtedness secured hereby~ all right. title and interest of the Mort- gagor ia and W any such abstracis ~f title ahall paea to the purchaser or grantee. 4. To the e:tent of the indebtedness of the Mortgagor w the Mortgagee descn'bed hereia or secured hereby. tet~ Mortgagee ie hereby aubrogated to the lien or liens and to the rights of the ownera and holdera thereof of each and evtxy mortgage. lisn or other iacumbraace on the land deacrbed 6erein which is paid and/or satisfied. in whole or in patt. out of tl~prooeeds of the loan deacribed herein or secured hereby, and the reapective liena of eaid mortgages. liena or ot6er iacnmbranoee, alull be and the same and each of them hereby ia preeerved and shall pass to and be held by the Mortgagee herain as security for the indebtedneea to the Mortgagee herein deecribed or hareby secared, to the same ertent that It wonld have been pe~eserved and would have been pasaed to and been held by the Mortgag~ee had it been duly and regularly aaaigned, tranaferred, set over. and delivered unto the Mortgagee by separate deed of assignn~ent. notaithstanding the fut t6at tbe aame may be satis~ed and canoelled of record, it being the intention of the puties hereto that the eame will be satiafied and cancelled of reoord by the holders tl~reof st or about the time of the reoording of thia mortgage. 5. In the eveat the ownerahip of the mortgaged PrBmiees. or any part thereof, becomee vested in a pereon other Lhan the Mortgagor, the Mortgagee may. without notice to tlie Mortgagor. deal ~rith such successor or sucoeasore in in- terest writh reference to this deed and the debt hereby aecured. in the same manner as with the Mortgagor withoat in any ~vay vitiating or discharging the Mortgagor's liability hereund~ or upon the debt hereby secured. No sale of the premisea bereby mortgaged and no forbearance on the part of the Mortgagee, and no eztension ot the time for the payment of the debt hereby eecnred given by the Mortgagee shall operate to release. discharge. modify. change.or affect the original lia- bility of the Mortgagor herein either in whole or in part. & The lien of this deed secwres end shall continue to secure payment of said indebtedness or indebtedneas, however ~ evidenoed. wrhether by said pmmisaory note or any renewal or ertension thereof or substitute therefor. or otherwise. ~ unt~7 all auch indebtedneaa shall have been fully paid. ' 7. In the tutnt the mortgagors sel~ conuey or tmnsfer the rnortgaged premises during the life of this mortgage, ; dun ihis inor~goge 3hat~-~Tth~opttairaf [h~Mort8a8ee lrerei~rbecorrie-imneedi~iely due a~d paya6le for thQ fuU sum of ~ the principal 6alanee and interest then due. S. T6e terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall iaclnde the heiis, per- ~ aoml repreaentativea, suocessors and assigns of the respective parties hereto. Wherever used the singular number ahall ~ inctude the al and the plural the sing~:lar. and the use of any gend~ shall include all genders. ~ ~ gigneci ed a ' h reaence of: ~~L~~ ( Seal) ~ GU!.~+^^~~- 1 Seal l ~ ~ ~j ~ - ~ STATE OF FLORIDA ss OOUNTY OF ~ ST UCIE ~ ~e~'ore me personally appeared C. J. JOHNSON and PATIENCE JOHNSON, his wife, ~ to me well lmown and know» w me to be the individual described in and who e:ecuted the foregoing instrument. and ~ aclmowledged before me that they eaecuted the same for the purposes therein ezpressed. W ITNESS my hand and ~ - (',ovntp-an~-State-Mst-aforesetd-t#~' ~~.~z-,.,,.~ ~ n~~ ~ - ~ . ~ : ' June 30 1975 No ~blic, Scace of Florida = My Commission Ezpites: • ~Y ; - ~ ~ ~ ; . ~ ' ~-.`.R rr;}; • v-' _ ~ FILED JlND RECORDED - _ ~ ' c;• ~ .Y~ ~ ~ t~» ST. LUCtE COUNTY FLA. l~i; ~ ROCiR POiTRAS • ; . CtERK Ctf;~WT COURT ~ • REC4R~J VERIfIEp~~ •2r ~,i ~ . ~ ~ ~n~N•~`': ~ . ~ S~ 10 I is PH 73 ~ ~ 264110 gooK 218 FAGE 2498 ~ _ - ~ - ~ ~ ~n~~ E_:~., _ _ . . . ~