The URL can be used to link to this page

Home My WebLink About0890 ~ ~ Our file 5-28,433 th~. mo~~Xa~Cr ~N othr~ tue~tri ~~t ~~tlr to ~he mut~Ka~ed puprr~~ in eaun`u~+hmrn~ ul the ~ndebtednt~a ~c~uecd Aereh~, •U n~M. t~tle ~nd ~me~e.t ~,1 the \I~•nra~i~r ~n ~nd to any ~n~utance pol~c~ec thrn to~ct shall pa~a to Ihe purah~~et or ~ryn«t. Ihl i~~rnwm, ~.Knpl~ ~~th and ah~de Ay each ~nd ev~r> the c~~pul~Uons, ?~rerments, cond~Non~ and coven~n~c ~n ssid prum~tisory note artd ~n ih~.. drrd .r~ ~„r~A. 1 That it any a( .aid .um. .,t mune) hr~e~n irlrna•d tu bt nut prumpUy rnd (ully pa~d ~ ~~h~n (iftoen dey~ ne~~ altti the .~me ~c~rirll~ Dr.omes duc end paYable,w ~f e~cR and eve~> the ~~~pulat~ons, a~reemrnt~, conJihom and cnve~an~s o( sa~d prumis- say note rnd th~~ decd, ~+r e~~Acr, are no1 fu!ly per(<xmcd, c~~mpi~ed ~~th anJ ab~ded M, ~he •~~d aggreg~ir sum menuunrd m s~od prum~sso~> n~~te sAsll Dr:umc dur and p~~a~le (cxtA~uA ur therea(~er at the opUon of tRr \lurig:.~ce •s (ully and cumple~el~ ac ~f tAe .a~d a~ereR~~c sum ol said prum~~.~ay nnte ~~as ong~nall>' st~pulated to Ae pa~d oo such Ja)'. an~thm6 ~n sa~d prom~»ory note or Aerc~n t., ~he .omrarv nutr~ths~anJ~nR. 1 Tha~ in orde~ to acceleratc the ma~ur~ty u! tAr indoDtednesx herehy ~ecu~ed, tic.:ause uf thr f~~lure ot ~he S1oet~agor t~~ pay any ia~, +s~e.sment, I~aA~ht~, ohl~~a4.x~ o~ cncumDrance uMin ~a~d prope~ty, as herem prov~ded, shall not be ne.r~>ary ur reqws~te that ~ho motiEagte shall fu,~ pay the same. The \lortgagee ma}•, at h~. opuon, and without waiv~ng his right to accele~ate the indebtedness hereby sccured and tu forecluse the .ame; pay either befote or aftet del~nquency any or al! af those certain obligations reywred by the terms hereof to be paid by the 1lortgagor for the protection of the rtx~rtgage security or fot the col- lection of thr ind~btedness hereb~~ secured. All sums so advanced or paid by the ~lottgagee shall be charged into the mortgage account anJ become an integral part thercof, sub~ect in all respects to the tetms, conditions, and ruvenants of the a~uresa~d prum~ssory ~ote, and th~~ mottgage, as [ully and to the same extent as though a part of the originai indebtedness evidenced by said note and secured by this mortgage, excepting however, that said .ums shall be repa~d the ~lortgagee forthwith upon its dtmand and be in addition to tht regutar monthly install- ments prov~ded by the martgage note. 3. That the abstract or abstracts of title covering the mortgaged property shall at alt times, during the life of this mortgage, rema~n in pos.ess~on of the Alortgagee and in event ot the foreclosurc of this mortgage or other ~ransf~r of title to the mortgaged propetty in extinguishment ot the indabtedness secuted heteby. a!I right, title and intere~t of the ~1~~rtgagor in and to any such abstracts of title shall pass to ihe pnrchaser or grantee. 4. To the exte~t of the ~ndebtedness of the Mortgagor to the '.1lottgagee described hetein or secured hereby, the ~lortgagee ~s hereby subrogated to the lien or liens and to the rights of the ov?ners and holders thereof of each and every mortgage, lien or other incumbrance on the land described hertin which is paid and.'or satisfied, in whule or in part, out of the proceeds of the loa~ described herein or secured heteby, aad the respective lie~s of said mortgages, liens ot other ~ncumbtances, shait be and the same and each of them heteby is preserved and shall pass to and he he1J by the ~tortgagee here~n as security fot the indebttdness to the Rlortgagee hetein desctibed or hereby aecurtd, to the same ex~ent that it v?•ould have been preserved and would have been passed to and becn held by the \to~tgagee had it been duly and regularly assigned, transferted, set over, and delivered unto the Mort- gagee bv separate deed of assignment, notwithstand~ng th~ fact that the same may be satisfied and cancelled of record, it be~ng the ~ntentian of the parties hereto that the same will be satisfied and cancelled of record by the holders t6ereof at or about ihe ume of the recording of this mortgage. 5. !rt the event the ownership of ihe mortgaged premises, or any part thereof, becames vested in a person other than the ~k~rtgagor, the \locigagee may, withaut notice to the Mortgagor, deal with such successor or suc- cessors in ~nterest with referenre to this deed and the debt hereby secured, in the same manner as with the !11ort- gagor w•ithout in an~~ way vitiat~ng or discharging the ~lortgagor's liability hereundet or upon the debt hereby ' secured. No sale of the ptemises hereby mortgaged and no [orbearance on the part of the Rlortgagee, and no ex- tension of the time for the payment of the debt h~reby secured given by the 1~lottgagee shall operate to release. I discharge, modify, change or affect the original liability of the ~lortgagor herein either in whole or in patt. 6. The lien of this deed secutes and shall continue to secure payment of said indebtedness or indebted- ness, however evidenced, whethet by said prom~ssory note or any renewal or eatension thereof or substitute there- for, or otherwise, unt~l all such indebtedness shall have been futi~ paid. 7. /n !he even~ the mort,qaAors sell, com~ey~ or transJe~ the rno~tgaged p~emises during the lije oj this mort- Qa~e, then thr.c mo~tRaRe sha!!. n~ the nplion oj the :11or1Rogee herein, becon~e ~mmediately due and payable jor rhe ~ full sum of the prenr~pal balance and interest then due. i 8. The terms "1lortgagor" and "blortgagee" whenevcr used in thic insttument shall include the heirs, ~ personal representatives, successors and assigns of the respective parties hereto. Wherever used the singular number shall ~nclude the pturai and the plurat the s~ngular, and e use of any gender shal! include a!1 genders. ~ - s S ned. seale nd liv d_~n the presence of: I l.-G .~i~---• (Seal) i % - ~ ~'i.e'-it~ ~L -~k__ (Seal) : , f ,n 1- ~ ~ C C~G~~ ?/7. ~`~-t ?~~L J 'S.~-~-- k I _ ~ STATE OF~=LORIDA I ' COUNTY OF Q~~ j ~ ST. LUCIE t Before me personally appeared JAMES A. WILLIAMS and WARENE P,, WILLIAMS ~ his wife ~ ' to me wel! known and know~n to me to be the individuals desctibed in and .who executed the foregoing instrument, ' and acknowledged before me that they eaecuted the same for the purposes therein expressed. WITNESS my hand and off~cial seal in the County and State last afocesaid this 18th Day of Oetober, 197~ `~~~~~?;~~?1~ ~ ~ : ~ ~ i • - ~ty Comm~ssion Expires: _,I11I1e ~O ~ Z97S Notary Public, State o! F1L`r ~ ' ~ . S ' , . v ~~O /,,aJ . F1( E r, 4 . F ' +s~ ; ~ : C' 3~ LUC:t :(?U~~'~~f 8 7:~ 0:~; ~ ; f.i R ~vE? ~nrTF.~{3 L~. I 1 6•~~'••......: i Rfr ~ ~r ' J'' ~0~1~~ y1J ~ ~l ' - - ~'~Irr, ~ / ~ - D~~~~ ~ 4~ pH ~r ~ aco~`~~~ w~~ ~87 2~;~22~ ~ ~