HomeMy WebLinkAbout0155 , File 5-28,390
iAi. mor~~Ca~ec ~a a~hr~ ~~an.~ri ut tulr tu thc n:ortKeKrd Mopert~ m r~Ungw.hment ot ~hr ~ndrfitcdnr~. .e.wcd hcre~~. aU nRh~. title
eoS ~nte~r.~ ~Ar Va~~gaKoi ~n ,,nd to an~ inswrnrr pul~cu. ~hen ~n (urce .A~il pr.c to tAr puraAa~er ~~r Rrentee.
IA1 Tu pruo~m. .ompl~ ~~~h ~nd ahidr b~ erih ~nd rvety tAe ct~pulet~.m., r~r~em~nts, ~onQih.~n. ~no iu~tnant. ~n ~~~d p:um~~~.~ry
note and ert ~h~. derJ .r~ t~~rth.
l~ ~ TAa~ i( an~ .~1 .a~d .um. ut ma,nr) hrrezn ~rlrlt.J to br nut p~umptl> ~nd tulh Da~d w~th~n f~fteen day'~ nett ~Iter
the seme nc~r~all~~ Ar.ume~ duc and pa>a~1e.~.r ~f ea.h end eve~) the .~~pu~suor~, agtrttr.rr,t-., .t~~,'~t:om anA cn~en:nt. ol ~a~d peumn.
scay note end thi~ Jred, a~ cuhrr, ~rc noi tullv per(o~mrJ, .~~mp~rcd N~th and ab~ded A~, ~ha .r~d aggregr~r sum ment~unrd in caid
prom~scor~ m~~e sbrll he..Kne .lur ~nd r~:~ni~ iorth~ith ~~r tAeiealtcr at the opunn ut tn~ \tmt~c„Rre a~ fuli~ and completci>' as ~f thc
.a~d a6~regete sum uf sa~~ ptom~...~~~ note ~a~ ung~natl> .t~pulated tu be pa~d un .u~h d~~, an)tA~nR ~n ~a~d prom~s~ory not~ ur herein
to ~hr . ontun n~.t~ ~th.t•nd~nF.
1~ 1 That ~n o~Jtr tu e.relcratr the mrtw~~> of the mJcbtrdn~ss herehy crrurcd, be~ausc ul thc fa~turr o( the \to~tgagoc io pay any i~+,
~cse~:mrnt, i~~h~t~ty, o!+l~gauon ~•r ~•n.umb~anct upon ,a~d pr~.pe~ty, a~ hcrr~n pru~~ded, ~t .h~it not be ne.e+.~ry w reywsur tha~ thc
m„r~~taKee sAail f~r.~ pry iA~ .ame.
Thr Vortgagee ma~~, at h~s opuon, and Kithuut Na~v~ng h~s right to acrelerate the indebtedness hereby
.~rured and t.~ ("orecluse thc wme, pay either before or after delinquency anY or all of thase cettain obi~ga~ions
required hy th~ terms hereof to be paid by the Vartgagor for the protection of the mo~tgage securit~• or for the col-
le.:ti~~n of tht indehtednes~ hercM• secuted. Ail ~ums si~ adva~ced or paid by the ~tartgagee shall be charged into
tht mottgage aca~unt anJ bec~~me an ~ntegtal part theteot, sub~ect in all respects to the termx, conditions, and
ruvenants of thr aloresa~d pn?m~stur~• note, and thi. mortgage, as fully and to the same extrnt as though a part
uf the ong~nal ~ndebtedness eeidenceJ by sai:t notc artd se~ured ~y this !n~r~gage; exce~ting however, that said
sums shalt be repa~J the ~tortgagee torthwith upon its demand and be in addition to the regular monthly install-
rnrrtt~ prov~drd by- ihe sr.~ctgagc nvte.
3. That the abstract or absuacts of Utle covering the murtgaged property shail at all times, dur~ng the I~fe
~~f this murtgage, remain in possess~on af the \lortgagee and in event of the foreciosure of this mortgage or other
transfer of utlr tu the mortgaged property en extinguishment of the indebtedness cecured hereby, a!! right, ~~tle
and ~nterest af the llurtgagor ~n and to any such abstracts af ~itle shall pass to the purchaser or grantee.
J. To the extent of the ~ndehtedness of the 1Aartgagor to the \1o~tgagee described herein or secured hercby,
the \lortgagee is hereby subrogated to the I~en or I~ens and to the nghts of the owners and holders thereof of each
and even mortgage. I~en or other ~ncumbrance on the land described herein vehich is paid and or satisfied, in
whole or in part. out of the proceeds of the foan described herein or secured hereby, and the respective liens of
said mortgages. l~ens or other ~ncumbrances, shail b~ and thz same and eaeh o! lhem hereby is preserved and shall
pass to and h~ held b~~ the ~tortgagee he~ein as security for the indebtedness to the \tortgagee h~rein described
or hereby securtd, ta the same extent that it Nould have been pcesetved and would ha~e been passed to and been
held by the \1~•rtgagee had ~t been duly and regularl~~ assigned, transferred. set over, and delivered unto the A1ort-
gagee bp separate deed of axsignment, nutw•ithstanding the fact that the same may be satisf~ed and cancetled of
record, it be~ng the ~ntenuon ~~f the parties hereto that the same will be satisfied and cancelled of record bv the
holders there~~l at ~~r about tne nme ~~i ii~e ~cc..~d~„g :~:s e:~.:e~e""•-
5. In the e~~e~t the o?.nership of the mortgaged premises, or any part thereof, becomes vested in a person
~nher than the \lurtgagor, the ~tortgagee may, without notice to the !1lortgagor, deal with such successor or suc-
cessors ~n ~nterest ~ith referenre to th~s deed and the debt hereby secured, ~n the same manner as with the ~tort-
, gagor w~thout in anc way vit~ating or discharg~ng the ~lottgagot's iiability hereunder or upon the debt hereby
secured. No sale ~~f the premisec hereby mortgaged and no ~orbearartce on the patt of the !~lortgagee, and no ex-
tension of the t~me f~r the paymeret oF 1he debt hereby secured given by the \lortgagee shall operate to release,
discharge, modif}•, change or a[fect the arig~nal liability of the \lortgagor fierein either in ~~hole or in part.
6. The l~en uf this deed secures and shall_continue to secure payment of said indebtedness or indebted-
ness, however ev~denced, whether by said promissory note or any renewal or extension thereof or substitute there-
' for, or otherwise, unnl aIl such indebtedness shalt have been fully paid.
7. In the e+-ent the ~?rorlRagors sell, conrey o~ tronsJer ~he mortRaged premises during the liJe oJ rhis mort-
Qa,~e. rhen thrs mo,~,qaRe shall, at the oplion oj tlre ,11o?~Ragee herein, become emmedia~e[y due and payable Jor the
fu(1 sum of rhe rnncipal bulunce and enteres~ then due.
8. The terms "~lortgagor" and "\lortgagee" whenever used ~n thic instrument shall ~nclude the heirs,
personal representatives, successors and assigns of the respec!ive parties hereto. Wherever used the singular
number shall ~nclude the plural and the plural the s~ngular, and the use o~ any gender shall include all genders.
' S~ eJ, seal nd ~ red ~n presence of: iL+ ~ (Seal)
''~~--Z `7,AY-"'?'_`'~r~,~'~~,~-
~ --~lri.-,.~._: C i,cd-~--~~L_ . - (Seal)
; 17 ~ _ .
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A
f
o STATE OF FLORIDA I
COUNTY OF~
1 ,s
; ST LUCIE ~
~ Be~ore me personally appeared SAM ANDERSON Slid ANNIE ANDERSON h1S wife,
to me w•ell known and known to me to be the individuals described in and who executed the Foregoing instrument,
and acknawledged before me that they executed the same for the purposes there?n expressed. WITNESS my~ hand
~ and offic~al tieal in thc Count~ and State last aforesa~d th~s 11th Day Of OCtO 1973
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` y p June 30 1975 e
~ 11 ~('umm~ssion Ex ~res; ~ Notary Public. State:~~
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