HomeMy WebLinkAbout0158 - File S-28,392
th~. m~~~IKaKr ~.~iAr~ uan.i.~ ~.t ~ttlr t~~ ;hc mwSKaKrJ ~xopr~t~ ~n r.;~nKu~.Rmrnt ~~i llfr ~r,drbtr.lnr~. .c.~:~rd hc~tr~>. ~11 ngAt, t~tle
and inla~r.! ul ~Ar Vu~~K~~~~t ~n end to rn~ ~n~u~an.c pul~c~r~ ~hrn ~n I~~rae ~hall pa.s tu I~r pu~.h~.rr ~~r gurt~ec.
(A1 Tr pcrtn~m, .~•n~pl~ ~~Ih and a~~dr h~~ ca~h and rrt~1 ~he ~Upulrt~ua~. agrrem~nn, ~nrtd+uon. and .n~~n~nt. ~n :,~id pr~~m~~~ury
not~ ,~nJ in ~hn drrJ ..•e t.,~th.
1~ 1 T~ha~ an}' of .a~d .um. ut mort.•~ ha•rtin rctrrtrd t~~ 1+t nut pr~~mp~l~ ~n4 !iil1~ pa~d ~~th~~ f:ttren ~laY~ r.eat ritt~
~hr srme se~rr~ll> br.ume~ dur ~nd pa~ahjr,~a il es~~ and t~cr~ thr ~t~puiati~•n., ag~rem.nt., „;~~t~.:r.. anQ i~~~enan~~ o( ca~d prwn~._
+o~y nolc and th~~ drtd. ~~r ~~thrr, err nut lully pr~fn~mcd, cump:~cd witA ,.n.! •~:dcd b>, ~hr .r+d ~gK~cg~~c wm mrnt+unrd in ~~~d
pt.~mi.:i.» mrle ~h~il ne;.~me duc end p,~eni~~ tor~h~uh ~~r the~eal~~r rt the upt~on of +Ae \loctg.,Kre a~ fully .~nd cumpleteh es it ~he
.aid rgr~eKete ~um ut ~;~~d ;~rom~..or~ no~r ra~ unK~na{I~ .!~pula~ed t:~ !+r p~~d ~~n wc~ day. ~nyth~ng m.a~d promiti~urq nnte ur here~n
tu thr :.~ntrrrv m,tw~ih.tand~nK.
l) 1 Tfi~t m.xdrr tu ~iceteratr ~hr RIJ:U(!!~ uf th~ ~nJebtedne++ Aereby ~r.utrd. ~~r~ru+c uf thr f;~ilwe u( ihe \lo~~gag~r p;~)' ;~R)' lJ~,
~s.r.xment, Ii.~A~l~t>. ~.bl~g~t~un rn.umh~an.c ~pon .a~d ,n,pe~tp, a~ h~rc~n ,tu~~drd. ~t she:l nut be ne.e.•ary iu rryu~s~tt that thc
mo~~Ragec ~h~ll tu~t pa> ~he .amc.
~ The \lottgagrc ma}•, at h~s upt~on, and w•itho~t wat~•~ng h~s r~ght to acctlerate the indebtednoss hereb}~
ae~ured :lnJ tu foreciuse th~ ~ame, pay either before or after del~nquency any or all of those cettain obligaUons
reyu~rcd hy th~ terms hereof to be paid b>• Ihe \I~rtgagar f~?r the ptotection of the mortgage secutitv or for the col-
lert~un o(' th~ ~ndeh~edness heteby secuted. Ail ,um~ s~~ aJvanceJ ar paid b~• the \tortgagee shall br charged ?nto
thr murtgagt :~cc~~unt anJ hec~~me an ~ntegral part there~(, subject ~n all respcctt to the tetms, conditions, and
c~~venants of ~he aiuresa~d prumissor~ nute, and th~s mortgage, as CuUy and to the same extent as though a part
~~f the onginal indehtedness e~idrnccd i~~` ~aic', ratc artd secur~~ by this ~r!gage, erce~+ting howtver. that sa~d
.ums shaii be repa~d the 1lortgaRee f~~rthwith upon its demand and be ~n addiUon tu the regular munthiy install-
mc;nis prcivided b}- thc rs:xtgage r.~;l~.
3. That the ahstract ur abstracts of utle covering the m~~rtgaged ptoperty shall at all times, dunng the life
uf this mortgagc, remain in pos.esc~on of the \tottgagee and in event of the foreclosure of this mortgage or ~ther ,
tra~sfer ~~f t~tle to the rn~rtgaged ~roperty in extinguishment of the indrbtedness secured hereby, all right, l~tle
and ~ntere~t of the \turtgagur ~n and to any such abstracts of title shall pass to the purchaser or grantee.
To the extent ~~t the ~ndebtedness o` the ~lortgagor t~~ the \tartgagee deccribed herein or secured hereby,
the \tortgagee is hercb>• cubrogated t.~ the lien or liens and to the r~ghts of the owners and holders ther~o( of each
and every mortgage, I~en or othet ~ncumbrancr on the land described herein vrhich is paid and ar satisfied, in
whole or in part, out of the proceeds of the loan described herein or secured hereby, and the respective liens of
said m~~ttgages.liens or ~~ther incumbran~es,lhaii bt and the same and cach of them hereby is preserved and shall
pass to and br heW b~• the ~fortgagre here~n as secutity for the indcbtedness to the !1lortgagee herein described
or hereby srrurrd, tn thr same extent that it w~ould have been pceserved and wouid have been passed to and been
held by the \1~~rtgagee had it been duly and regutarly ass~gned, transferred. set ovet, and delivered unto the hlort-
gagee b~• separate deed of a~~~gnment, notNithstanding the fact that the same may be satisfied and cancelled of
record, it being the intent~on uf the parties hereto t6at the same wilt be satisfied and cartceiled of record bv the
hotders thereol at ~•r abuut iiir i~n~e ui i ic i~c.-~ru'ii~g :.`.:s ~~~~..gsg~.
5. In the event the ownersh~p of the morlgaged pre~nises, ot _any patt thereof, becomes vested in a person
' ~~[her than the Vurtgagor, the ~lottgagee may, w~ithout noUce to the \lottgagot, deal w~th such successor or ~uc-
~ cessors ~n interest ~~th reference t~ this deed and the debt hereby secured, in the same manner as with the ~1~~n-
~ gagor w~thout in 3nc way v~hating c~r discharg~ng the ~tortgagor's liability hereunder or upon the debt hereb~•
~ secured. No sale ~~f the prem~se~ hereby mortgaged and no forbearance on the part of the !~lorlgagee, and no ex-
tens~ctin of the t~me for the payment of the debt heteby secured given by the ~lortgagee shall operate to release,
! discharge, modify, change or affect the ~~rig~nal liabiliry of the ~lortgagor herein either in whole or in part.
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~ b. The lien uf this deed secures and shall continue to secure payment of said indebtedness or indebted-
~ ness, however rv~denced, whether by said promissory note or an~ renew•al or extens~on thereof or substitute there-
~ for, or otherw~se, unt~! all such ~ndebtedness shali have been full}• paid.
E 7. /n the e~•rnt the mortRa,~ors sell, conrey o~ t?ansje~ the mo~lRnged p~emises dureng the ti(e oj ~hls mo?t-
! kaqe. then this mn~t,¢aRe shvll. a? the o~tion of the 1ionRUgee herem, become ~mmediately due and payable tor the
~ iul[ sum of Ihr ~rtncipaJ halance and interes! lhen due.
! 8. The terms "~lortgagor" and "~lottgagee" ~~hene~•er used in this ?nstrument shall include the heirs,
E petsonal representatives, successots and assigns of the respective parties hereto. N`herever used the singular
f number tihall include the piuraf and the plural the s~ngular, and !he use of any gender shall include all genders.
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~ Sig d sealed d red in~hE presence~of: d,~ r~---~ E- ~'-~~--1. ~-~Q-~~~
(Seal)
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# STATE OF FLORI(7A I
i COl'tiTY nF ~ `
; ST. LUCIE
~ Befc,re me personatly~ appeared DOLLIE MAE ADAMS, an unmarried woman, ~
; to me w~ell known and know~n to me to be the individuals described in and who executed the foregoing instrument,
= and acknowledged before me that they executed the same for the purposes there~n ezpressed. WITNESS my hand
~ and official seal in the Ci~unt~ and State last af~resa~d this 11th Day of Oetober, 1973
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s - ~ e~_..«.
~ 11>• Cvmm~ss~<~n Etpires: Jurie 30 ~ 1975 tiotary Public. State of Florida ~ @'~
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PK 73 ~o~c ~c~ ~.58
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