HomeMy WebLinkAbout1397 . File 5-28,4%0
th~. mungeKe ,N .,thri ~rart.ir~ t~ilc i., thr mu~tKaKcd ~xuprriy m e~t~nKu~.hme~t u~ ~~c ~n~cA~eJnrs. .c.wrd hc~e~~). ~II nEh~, utte
ertd in~e~r~t .d the \lorrg~s.~r ~n end tu an> ~nsurancr (fUllllfl +t~en in (o~re .hal! p~s? tn ~hr purcha.et o~ R~en~ee.
iAI To pru~~em. ..•mpl~ ~~th and ah~J~ bt caah ~nd tvery Ihe cupul~~~ont. vYrcemeMC. cond~uon. ~nd co~en~m. in ~e~d pr~~m~.~.ny
no~e ~nJ ~n ih~. derd .r! tor~h.
? 7ha~ il any a( +s~d ..um. ~t man.> ~~rir~n ~elrrrrd to he nut prumptl> and lull) pa~d ~uAin (if~rcn dayc ne?t al~er
Ihe ~ame ~cvr~rll~• briome~ Jue and ~+a~.+~lc,ir i( ea.A and eve~) the st~pulauun~, aRreemrnt., ,~~nQition. and cu~tnan~s of .a~d pr~m~s.
swy nnte anJ this dred, ur r~~Aer, arc nut lullv peiformed, cnmpl~ed wtth an3 abiJed M, ~h~ .ud eggrrRate sum mcnt~onrd ~n s~id
pram~.s,u> n..te shall bei.rnt due an~t pa<ahlc iortAw~th ~x +heirafte~ a~ the oph„n ot ~Ac \to~tgeRee ati fully and cnmpletely as ~t tAe
.a~d ar`[es~te sum ol srid pr~.mi..~nry'note wa~ or~g~nall> .Upulated tn Ae pa~d un ~uch da). an~Ihing ~n ~aeJ prom~swry note nr htrein
t.. the cont~ary notrtthsundinp.
Ij 1 That ~n ordr~ ~o eccelerate t~e matunt~ uf the ~ndebtedne+s hercby cecureJ, hr~ause u( thr la~lwe uf tAe \iort~eaeor paY any te~,
as.e._;ment, I~.~h~1~(>, .ibl~gation or s•nrumbrance uM~n +a~d prope~~y, as hercin proc~ded, i~ shail nu~ be ncces.~ry ut r<qu~s~~t that tAr
mort~aEee shall fust p~y tAe same,
2. The \tor~gagee may, at his ophon, and K•ithout wa~v~ng his right to acrelerate the indebtedness hereby
.rcured and tu forerluse the same. pay either before or aftet delir~~uency any or all of those certain obligations
requ~rrd by thc ~erms h~reof to be pa~~ ;he ~lortgagor for the protectio~ of the mortgag~ security or for the col-
leci~on i~f the indebtednecs herehy secured. All ~ums so aJvanced or pa~d by~ the 1~iortgagee shall be chargcd into
ihe mottgage accuunt anJ bec~~me an ~nteg~al patt thereof, sub~ect in aiI respects to the terms, conclitions, and
cuvenants oG the al~~resaid prumissory note, and this mortgage, as fully aod to the same extent as though a part
oC the onginal ~ndebtedness e~•idenced by said note and secured by this mortgage, excepting however, that sa~d
sums shal! be rcpaid the Afortgagee forthwith upon its demand and be in addition to the regular monthly instali-
ments pmv~ded by the mortgage note.
3. That the abstract ur abstracts of title covering the mortgaged property shall at alt times, during ihe ti(e
uf this mortgagc, remain in posses~~on of the ~lartgagee and in event o[ the foreclosure of this martgage or other
transfer of title to the mortgaged propetty in extinguishment af the indebtedness secuted hereby, all right, title
and ~nterest of the ~fortgagor ~n and to any such abstracts of title shall pass to the putchaser or grantee.
4. To the extent of the indebtedness of the Nortgagor to the ~lortgagee described herein or secured hereby,
the ~tortgagee is hereby subrogated to the tien or liens and to the nghts of the owners and holder~ i~l~.'fcal~ O~ ca~.~
and every mor~gage. lien or othet incumbrance on the land desctibed herein which is paid and.~or satisfied, in
whule or ~n part, out oC the proceeds of the loan described herein ot secuted hereby, and ihe respeciive liens of
said mortgages. liens or other incumbrances, sha!! be and the same and each of them heteby is preserved and shall
pass to and be held b} the ~tortgagee herein as security for the indebtedness to the !~lortgagee herein described
-or hereb~~ ~ecured, to the same extent that it ~~ould have been p~eserved and would have been passed to and been
held by the \t~~rtgagee had ~t been duly and regularly assigned, transferred. set over, and delivered unto the !liort-
gagee by separate deed of ass~gnment, notwithstanding the fact that the same may be satisfied and cancelled of
record, it be~ng the ~ntention of the parties hereto that the same will be satisfied and cancelled of recotd bv the
holders thereoC at ~~r about the t~me of the recording ot this mortgage.
5. ln ~he event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person
other than the ~t~~rtgagor, the ~tortgagee may, without notice to the ~1orlgagor, deal with such successor or suc-
ce~sors in ~nterest uith reference to this deed and the deb~ hereby secured, in the same manner as with the llort-
gagor without in any~ Nay vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby
secured. No sale ~~f the premises hereby mortgaged and no forbeatance on the part of the !4lortgagee, and no ex-
tensi~~n of the time for the payment of the debt hereby secured given by the Nortgagee shall oPerate to release,
discharge, modify, change or affect the ociginal liability of the ~lortgagot herein either in whole or ~n part.
6. The lien uf this deed secures and shall continue to secure payment of said indebtedness or indebted-
ness, however evidenced, whether by said promissory note or any renewal or extension thereof or substitute there-
far, or othera~se, untit atl such indebtedness sha!! have been fu.:~ paid.
7. In the erent ihe mo~lRago?s sell, cnnvey or t~ansJer the mo~tgaged premises during the liJe oj this mort-
qa,~e. then th~s mo?~Rage shafl, a~ the op?ion oJ the AfortRagee herein, becnme ir?imediately due and pa~•able Jor ~he
1u11 sum oJ the principa! balancP and interest ~hen due.
8. The terms "Mortgagor" and "!~lortgagee" whenever used in thi~ instrument shatl ~nclude the heirs,
persona{ representatives, successors and assigns of the respecteve parties hereto. Wherever used the singular
number sha!! include the plural and the plural the s~ngular, and the use,of any gender shall include all genders.
Signed sealed an liv the esence of: - _J~~~~=~'-!~'~ c~~c~-c!~~' i;'''~
(Seal)
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-~~t~~U:` ~ (Seal)
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STATE OF FLOR(DA I
COUNTY OF ~ ~ ~S
ST. LUCIE
Before me personally appeared ROBERT BARBER atld PEGGY ELLEN BARBER~ his wife,
to me w~ell knov?n and known to me to be the individuals described in and who ezecuted the foregoing instrument,
and acknowledged before me that they executed thc same for the purposes thete~n expressed. W~TNESS mv hand
and off~cial seal in the Count~ and State last aforesa~d this 20th Day of Oetober 73
' ~~t~ ~ 1 r~~~~'A.
' ~1y Commission Expires: Juri@ 3O 1975 lorida 1t p'r'..
a Notary Publ~c, Stat° ~f _
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