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Home My WebLink About0974 File 5-28,669 tA~. mw~K~Kr ~w oihr~ ~ran.~c~ ot ~~~le ~o ~hc mwtra~ed propcr~~ ~n c*un~w~hmcnt a~ tAe ~ndeA~tJnt~~ ~e~wrd ~e~cb~, •11 r~~h~, utle ~n,1 ~me~e~~ the ~Mv~~a~w ~n ~nJ to anr ~nswance ~wl~c~ec ihea ~o f.xce shall ~+a~s ~o ~Ae pw~ha.er o~ ~~an~ee. IA1 Tu pe~~.rm. ..~Ply +ilR ~nd ab~de hy csch and evetY tht cl~pulaUUns, a~reements. cond~hon~ and coven~nh ~n c~~d prwni~ao~y nott athl ~n ~h~. derJ .t~ for~h. l~ 1 That ~t any oi .aid suen. of monc)' Arre~n reterrcd ta be ~ut pcomp~ly a~w1 tull)' Da~d +~thm hheon daYs nezl s(~et tAe samt ceve~alty be..wnes due smt payaAle.ir J eaiA aed eve~y tAe cupulat~uns. a~~eements, :ond~Uoo~ and co.enants o( sa~d prurn~a- sa? nrte arnf tMa dced, ur e~tht~, are not fully pe~(aa~ed, c~wnD~~ed v~~th and ab~ded ~he .~~J ~(c~rcea~e swn menuoned ~n s~~d praaissa) note shall bccaae due anA D+~"able (orthr~tA « thereaf~rr at the opunn of tht \1w~Rs~ee a~ fuily ~nd completeiS as d tht .a~d a~~e~~te sum o( sa~d prams~wy nott ~as .x~pnallY supulated to bt pa~d m such daY. anytA~n~ m xa~d prom~s~u~y no~e .x here~n to the iootrar~ not~uhstandmR. 1 TAat m cxde~ to ~~cNcratt ~ht ma~unty u( the ~ndebtedness hereby secwed, ~ccause u( thc (ailure ot ~he Mo~tEasor ~n paY any )aa, ~c.e.sment, i~ab~l~t>, obl~~aUOn ~v rn~um~rance upon sa~d prnpe~ty, as Aetrm p~ov~ded. shall no~ be nece.•ary ~ reQu~siu that tAe mwt~atee ~hall f~r~t pay tAe ssme. The \bttgagee may, at his opt~on, and without v?•aiving his right to acceletate the indebtedness hereby ~zcured and to foreclose the same, pay either before or after del~nquency any or alt of those certain obligations requued by ~ht terms htreof to be paid by the \lortgagar for the protection of the mc~rtgage securit~• or for the col- lect~on of the ~ndebtednesc hereb~~ secured. All sums so advanced or pa~d by the ~lortgagee shall be charged i~to ~ the mc~rtgagt acc~~un~ anJ become an ~ntegtal part thereof, subject in aU rospects _to the terms, co~duions, and ca~enants oL ~he aforesaid pr.~m~ssory note, and this mortgage, as fully and to the same extent as though a part of the onainal indebtedness evidenced by said note and secured by this mottgage, excepting howevet, that said ~ums shall be repa~d the \lortgagee ~orthwith upon its demand and be in addition to the regular monthly install- ments prov~de~ by the mortgage nott. 3. That the abstract or abstracts of title covering the mortgaged property shall at all times, duting the I~fe of this mortgage, remain in ~+ossession of the ~lortgagee and in event of the foreclosute of this mortgage or other transfrr of title ta the mortgaged property in extinguishment of the indebtedness secured hereby, all right, title and mtere~t of the \tortgagor in and ta any such abstracts of title shall pas~ to the purchaser or grantee. To the extent of the indebtedness o~ the 4Mrtgagor to the !1lortgagce described herein or secured heteby. tht \tottgagee is hereb}• subrogated to the lien or liens and to the rights of the ow•ners and holders theceof of each and every mortgage. I~en or othet incumbrartce on the land desctibed herein which is paid and.~or satisfied, in wholz or in part, out of the proceeds of the loan described herein or secured hereby, and the respective liens of sa~d rtx?rtgages. liens or other ~ncumbrances, shall be and the samt and each of them hereby is pteserved and shall pacs to and 1+r held by the ~lortgagee herein as security fot the indebtedness to the ±Nortgagee her~in described or herebv securzd, to the same r!etent that it would have been preserved and would have been passed to and been held by the 1k~rtgagee had it been duly and regularly assigned, transCerted, set over, and delivered unto the Nott- gagee b~ separate deed of ass~gnment, notwithstanding the tact that the same may be satisfied and cancelled of record, it be~ng the ~ntention of the parties hereto that the same K~ill be satisiied and cancelled of recotd by the holders thereof at or about the ume of the recording of this mortgage_ 5. tn the event the ow•ners6iP of the mort6aged premises, or any part thereof, becomes vested in a person other than thc Vortgagor, the ~lortgagee may, without notice to the !~lottgagor, deal with such successor or suc- cessors in ~nterest M.~th reference to this deed and the debt hereby secured, in the same manner as with the \lort- gagot Mithout in am Nay vit~ating or discharging the Mortgagor's I~ability hereunder ot upon the debt hereby secured. No sale ~~f the Qremises hereby mortgaged and no forbeatance on the patt of the Mottgagee, a~d no ez- tensicm of the time for the payment of the debt hereby secuted given by the Mortgagee shall opetate to release, i discharge, mod~fy, change or affect the original iiability o! the 1+lortgagor herein either in whole or in part. ; 6. The l~en of this deed secures and shall continue to secure payment of said indebtedness or indebted- ' ness, however evidenced, w~hether by said prumissory note or any renewal or extension thereof or substitute there- i for, or otherw~se, until all such indebtedness shall have been fully paid. ~ 7. !n the e~•en1 the mortgago?s sell, com~ey or transjer the mo~lgaged p~emises during the liJe oj this mort- ~ ~ qaQe, then th~s mo.tgaRe shat/. at the option oJ the 11o?Igagee herein, 6ecorne inimediately due and paya6le for the ~ fulf sum oJ the pnncipal balnnce and interest then due. $ 8. The tenns "Mortga6ot" and "+.Nortgagee" whenever used in thi~ insttument shall include the heirs, ~ personal representatives, successors and assigns of the respective parties heceto. Whetever used the singular ~ r.umber shall include the plural and the plural the singular, and the use of any gender shall include all genders_ ~ ~ ~ - l_ ncd, sea n eliv cd the presence ~ ~~l , 1 T~i•~L (Seal) ~ (Seal) ~ ~ ' ~ E~ K~. %j ~ ~s- ~c - , : - ~ ~ ~ STATE OF FLORIDA I - COL'tiTY OF ~K ~ ~5 ~ ST. LUCIE - Before me personally appeared H. C. I~UST~r1~ an unmarried IIIaII, ~Y' to me well known and known to me to be the individuals described in and who executed the forcgoing instrument, and acknowledged before me that they executed the same for the purposes there~n eapressed. WITNiESS my hand ~ and off~c~al seal in the County and State last afotesaid this lSth Day of November, 1973 - ; , a_;z • •r ' ~ , " ~~y c~~ss~on Exp~r~s: June 30, 1975 Nolaty Publec, State of Flor~ "rge`:. ~ _ ~ ` ' - _ - . ~~~i~ _ _ ~ya ~ o.T ; R ~ll ~Q1T8 ~ , ~ . ~ .Y~-t, • 6lEAK~CIRC lf 1 • ~0 v.. 4f - t7 t'•.~•: ~ RfCOBO V~R1f~~Q S ~~NN~ • . - ~ - Mw ~1 ~ FN'~~ o R . - ~ . BQOK PAGE 269~Of, ~ ~ ~ _ ~ . . . _ ~ - - _ ~