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Home My WebLink About0141 File 5-28,586 rti~. Ipu:1~A~:C ~H .,thcr uan.tci ol t~tle tu the mortRa~ed property ~o e*tin~u~~hment o1 ~he ~ndeble0ne~s secwcd hert~). ~11 n~h~, h~le aaJ ~n~r~e.t ~he ?1~~~tqa~w ~n and ta ~n> ~nsuran~e pol~c~es ~Aen ~n (ur~e ahsll pass ~o Ihe putch~ser or ~ron~ec. IA? T.~ prrl~am. ~.wnp1Y ~'~~A and alade A~ each and everY tAe supulat~ons, a~teeme~ts. condi4ons and cavenantc m.r~d pTemi.~orY n.•u nnJ ~n th~..lerJ .e~ tortA. ? Tha~ d any ~.1 .a~d sum. u~ m..nr) Derein ro(etrcd to be not prompllY and (ully pa~d r~lh~n (~(teen dry. eca~ attc~ ihe .ame .r~erallY ~«mes due and paYa~le.ur J eacA and every Me s~~pulal~o~c, aRrcements, ~ondi~~onc and co~enamc o~ sa~d prum~s- ~.wv note and th:s deed, or enher, are not (ully {xrformed, canpl~ed rith and ab~ded hy, the ,a~d a/;ro~a~e sum menucu~ed in snd pr,.m~.co~~ nutc shall 5ecant dur rnd pav~l+lc (athr~th M~here~(ter •t tAe opt~on ot the \1ottRa~ce as (u11Y and completelY as d thr ..~~d ~KKreeatr .um o~.SAI, M~IS~M~ note ~ac .~nsinallY shpulated lo be Ds~d on +uch d~Y. anyth~ns in sa~d prom~ssor>~ note at here~a t,. ~hr :ontr~n nor~uA~tanlmR. 1, 1 Th,e ~n ~~rder io accele~air ihe mawri~~• o( the ~ndebtedness hereby secured, because o( the ta~ture ot the ~1ortEa~or i~~ pay an)• ~a~. .,c,~..mrnt, I~aM(~t~, .~l+hEauon ~.r rncumbrance upon s~td prnpetly, as here~n pro~~ded, ~t sha1) nol be necessary ~ requ~s~u that tAe m..•~R.~~ere ~h.~U first p~y tAe ~ame. Thr ~lartgagee may, at h~s opt~on, and without waiving his t~ght to accelerate the indebtedness hereby .crured and t~~ forecl~~se the same, pay either before or after delinquency any or all o[ those cettain obligations requ~r~d by thr terms hereof to be paid by the \lortgagor far the protectio~ of the me~rtgage security or for the col- I~~t:~m ~?i the ~ndebtedne.s hereby secured. All sums so advanced or paid b~ the Nortgagee shall be charged into ~hc m~~rtgagr account anJ become an ~ntegtal part thereof, subjtct in all respects to the terms, conditionc, and c~.~~rnantc of the aforesaid promissory~ note, and this martgage. as fully and !o the same exteni as though a part ~~f the ~ng~nal indebtedness evidenced by said note and secured by this mottgage. excepting howeve~, that said ~um. .hall be repaid the \lortgagee forthwith upon its demand and be in addition to the tegular monthly install- ments pravided by the mottgage note. Thst the abstract or abstracts of title covering the mortgaged property shall at all times. during the life ol thi. mortgage, remain in possession of the '.1lortgagee and in event of the foreclosure of this mortgage oc other tran.fer of t~tle to the mortgaged Property in extinguishment of the indebtedness secured hereby. all right, title and interest of the \tortgagar in and to any' such abstracts•of title shall pass to the purchaser or grantee. a. Ta the extent of the ~ndebtedness of the Mortgagor to the l~lortgagee described herein ot secured hereby, the \lortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each and every mortgage_ lien or other incumbrance on the lund described herein which is paid and'oi satisfied, in w•hole ~,r in part, nut of the proceeds of !he loan described herein or secured hereby, and the respective liens of said mortgages, liens or other ~ncumbrances, shall be and the same and each of them hereby is preserved and shall pass io and he held b~ the ~tortgagee herein as security for the indebtedness to the Mottgagee herein described ` or hereb~• secured, to the same extent that it would have been pteserved and would have been passed to and been hrlJ by~ the ~t~~rtgagee had it been duly and regulatly assigned, transferred. set ovet. and delivered unto the ~1oct- gagee b~ separate deed of ass~gnment, notwithstanding the fact that the same may be satisfied and cancelled of record. it being the intr~tion of the parties hereto that the same will be satisfied and cancelled of record by the holders thereuf at or about thr time of the recording of this mortgage. 5. !n the event the ownership of the mortgaged premises, or any part thereot. becomes vested in a person other than the ~Mrtgagor, the \lortgagee may, without notice to the ~lortgagor, deal with such successor or suc- cessors in interest Nith reference to this deed and the debt hereby secured, in the same manner as with the ~1ort- gagor Kithout in an}• v?•ay vitiating or discharging the Mortgagor's liability hereunder or upon the debt heteby secured. 'Vo sale of the ptemises hereby mortgaged and no~ forbearance on the part o[ the Mortgagee, and no ez- tens~on of the time fur the payment of the debt hereby secured given by the Mortgagee shall operate to release, discharge, modify, change or a[fect the original liability of the Nortgagor herein either in whole or in part. 6. The Gen of this deed secures and shall continue to secure payment of said indebtedness or indebted- i ness, however evidenced, whether by said promissory note or any renewal or extension thereof or substitute there- E Cor, or otherwise, until all such indebtedness shall have been fully paid. 7. In the e~•en~ the morrRaRo?s sell, convey or t~nnsje? the mortgaged premises during the liJe oj this mort- ` xaRe, then rhis mortgaRe shall. at the op~ion oj the lfortgagee he.een, becon:e inunediately due and paya6le fo~ the ; /ull sum oJ the princ~pal halance and inte?est then dae. A. The terms "!~lortgagor" and "~lortgagee" whenever used in this instrument shall include the heirs, ~ personal representatives, successors and assigns of the respective patties hereto. Whetever used the siogular ~ number shall include the plural and the plural the singular, and the use o! any gender shall include all genders. ~ ~ i ned, sea anJ eliv ed ~ the presence of: ~ (Seal) ~ ~ ,~y ~ (Seal) ~ , , , , r, c ,,:i1?.c ~ : ~ t_ ~ - ~ ~ ~ ~ STATE OF FLORIDA I COUNTY OF~~(~E ~ ss ~ r ST. LUCIE LITTLE BILLIE DOUGLAS and JUDY C. DOUGLAS, his wife, [ Before me personally appeared = to me well known and known to me to be the individuals described in and who executed the fotegoing instrument, ~ and ackno~+ledged before me that they executed the same for the purposes therein expressed. WITNESS my hand ~ and official seal in the Counry and State last a~oresaid this 8th Day of November, 1973 s- . ~ t~ - ~ ~ ~ " ' , ~ ~1~• Corrtmission Expires: JuIIe 3O~ 1975 Notary Public, State of Florida:1rdt'~• ' • : _ ' ~ . . E COt3Mj~ ~ " ~ ~ ~ ~ 3Z. ap~~a P~~'~'~ . ~ : ~,;•.~:;F.• ~~ERK Ctihc u10~ ~ ~ ` p YE~ tf ' ' • ~ ~ RECOR • ' ' . ~ ~ ~ ~ ~ - ~ ~ /~''~:e,r~.~~.,.•• ' ~I o R `A' IZ~~6 J 9UJK2~1 FAGE ~~1 - ~ ~ ' . ~ : , _ - ::v~ . g~