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Home My WebLink About1306 ~ File 5-28,676 ~h~~ mort~apr ..t .uhr~ uan~tc~ ul ~Ulr tu thc martgr~cd ptopr~ty ~n e?UnKw>hment , IAe ~ndebttdne~e ~e.wcd he~enY. •1! n~ht. t~Ut rnd ~ntercsi ol ~!~e \1.n~ss~or ~n and to ~ny ~ncurance pul~c~ec then ~n Iwce shal! pa.s .o ~he PurcA~.er or =r~n~ee. (h) To prrlw m. <<~pl) ~r~tA aod ab~de ~Y tach snd every Iht a~ipulal~ons. at~ee men~s. cond~h on~ ~nd covenanls ~n ct~d prum~~sory note and in ih~. dred .r~ to~ih. 1 That d any ui .a~d sum. ut monc)' here~n ie(rrrrd ~o be not p~wnplly •nd (ullY Pa~d utih~n hheen days nt~l a(ter lAe same severally be:omes due and paYaA~e,u~ d ea~A and eve~y the st~Dul~uons, a~uements, ~und~t~ons and covensnts o( ss~d praa~s- spy note and thu dced,. ur e~~her, are not (u11Y p~rtormed, c~unpl~ed r+~th and ab~ded Ay, ~he ~~~d a«re~ate sum mcnuoned ~n sud puemssury note shall become dur and paY~ble fo~thM~th ~x ehereattet at the ophon o( the \IortEa~ee as (ully and :ompletelY as d the :a~d a«e~~~e swa ot sa~d pnxn~s~ory note was onginallY «~Dulated tu be pa~d on such OaY. anyth~n~ m sa~d prom~ssory note o~ here~n to ~he ctx~lrary nutruhsland~nE- Q 1 That m order w accelerate tAe r~uwnty ot the ~ndebtedness hercby secureJ, because o( ~hc ta~luce o( the \1o~teasor ~u paY anY ~a~. ~c.e~sment, lau~~lil>', ub~~Ba~~~n oT .ncumbrrnce upon sa~d prope~ty, as hcrem pu~a~ded, u shall not be ne.es~ary or reqwsue thst tAe m~x~ja~ee shall iuct pay the same. The. ~lottgagee ma~•, at his opuon, and w•ithout waiving his right to accelerate the indebted~ess heteby ~ecured and to foreclose the same, pay either befote ac after delinquency any ot all af those certain obligatia~s requ~red by thr terms hereof to be paid b~ the ~lortgagor far the protection of the mnttgage secucity or for the col- lection of the indebtedness hereby secured. Ail cu~ns so aJvanced or pa~d by the ~lortgagee shall be charged into the mottgage account and become an integral part thereof, sub~ect in all respects to the terms, conditions, and . cuvenants oG the afor~said prom~ssory note, and this mortgage. as fully and to the same extent as though a patt of the original indebtedness ev~denced by said note and secuted by this mortgage, except~ng howevet, that said sums shall be repa~d the !~lortgagee forthwith upon its demand and be in addition to the regular monthly install- ments ptovided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged property shall at all times, duting the life - of this rtx~rtgage, remain in possession of the ~tortgagee and in event of the foreciosure of this mortgag~ or other tran,fer of utle to the mortgaged properry in extinguishment of the indebtedness secuted hereby. aU right, ti~le and interest of the \turtgagor ~n and ta any such abstracts of title shall pass to the purchaser or grantee. ~i. To the extent of the indebtedness of the Mortgagor to the :1lortgagee described herein or secured hereby. the \tortgagee is hereby subrogated to the lien or liens and to the rights of the awners and holders thereof of each and every mortgage. I~en or other incumbrance on the {and described herei~ which is paid and.'or satisfied. in w~hole or in part, out of the proceeds of the loan described ficrein ot secured heteby. and the respective liens of said mortgages, liens or othet ~ncumbrances, shall be and the same and each of them heteby is preserved and shall pass to and hr held b~~ the ~i~~rtgagee herein as security for the indebtedness•to the Alortgagee herein desctibed or herrb~ s~cured, t~~ the same ectent that it w~ouid have been preserved ar?d would have been passed to and been held b~ the \1~~rtgage~ had ~t heen duly and regulariy assigned, transferred, set over. and delivered unto the Mort- gage~ bc se~+arate derJ ~~f a~s~gnment, notwithstanding the fact that the same may be satisfied and cancelled of record, it heing th~ intenu~~n ~?f the parties hereto that the same will be satisfied and cancelled of record by the holders there~~f ~t ~~r ahc~~t the ume of the recotding oC this mortgage. 5. tn thr t.ent th~ :•Hnership of the mortgaged prem~ses, or any part thereof, becomes vested in a petson other than the ~i~~t[gag~~r, the \lortgagee may, w~ithout notice to the ~lortgagor, deal with such successor or suc- cessor; ~n interetit ~ith reference t~ this deed and the debt hereby secured, ~n the same manner as with the ~1ott- gagor aithnut ~n am ~a~• v~t~at~ng ot discharging the !1lortgagor's I~ability hereunder or upon the debt hereby szcured. Nc. sale ~~t the premiaex hereby mottgaged and no forbearance on the part of the !1lortgagee. and no ex- tens~on of the time for the pa~•ment of the debt hereby secuted given by the ~lortgagee shall operate to release, discharge, mod~f}~, change or affect the original liability of the `tortgagor herein either in whole ot in part. , 6. The lien of th~s deed secures and shall continue to secure payment of said indebtedness or indebted- ; ness, however ev~denced, whether by said promissoty note or any tenewal or extension thereof or substitute thete- . ; for, or otherwsse, unt~l all such indebtedness shall have been fully paid. f 7. In the ererct the mor~gaRo?s sel(, convey or t?ansJer ~he mo~tgaged premises during the liJe oj this mort- ~ qaRe. then ~hrs morrgage shall. at 1he op~ion oJ the AlortRagee herein, 6ecome immediate[y due nred payable ~ t6e ~ full sun+.oj the prencrpal balnnce and interest then due. 8. The terms "':Nortgagor" and "Mottgagee" whenever used in this instrument shall include the heirs, ~ personal representatives, successors and assigns of the respective parties hereto.. VYherever used the singular ~ number shall include the plura{ and the plural the singular, and the use of any gender shall include all genders. ~ ~ ~ % ~ Sig d, sealed n d ve d ~n the sence of: ~'L~ (Seaq ;s ~ ,-s-r_~ G! (Seal) . ~ / - ~ - - - ~ l_ j- i! Kt.,~" _ -~i . y:!-J C-<- . ~ ~ STATE OF FLORIDA I ~ COUNTY OF~ j ~S ~ ST. LUCIE = Before me personally appeared JAMES E. WARD and FIARENCE A. [n1ARD ~ hiS wife, to me well knovrn and known to me to be the individuals described in and who eaecuted the foregoing ~nstrument, ~ and acknow~ledged before me that they executed the same for the purposes there~n expressed. WITNESS my hand ~ and of~icial seal in the County and State last aforesaid this 15th DSy of November, 1973 ; 3 ~ ~ k~ t°~ L~~ ~IJIl/1(J~~ ' ` t . ~~~~N~~~~~~ June 30 1975 ~1y Commission Expites: ~ Notary Public, State of lori 8~' Lar ~:4: p~Q ~ • _ . 3 ~ E c - c'i . ; ~ ~E A Qu~t'1 f1.~ _ _ - , ~ ~ fp P0~~~1? L = r : ' ' . ~ E0° ctiRCy~t C0 _ _ . : ~ : ' ~ _ . C~ pY~~~f~Efl~ ~ ' . _ ~ ~f.~a~ ~ ~,~3 ~ . _ 3 8 j. , ~ ~ , ~T;: o ~ ~ fr~J,,,,,,,;,t::~,~ ~ ;~b9~,2~ ~a~K ~~.1 ~~c: ~305 ~3 - . y_~ _