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Home My WebLink About2409 File 5-28,780 ~A~a mo~IKapr w.~ihrr uamlc~ ui t~~le ~o ~hr monre~rd ptoperty c?un~w+hmem .,t ~ht ~nde~~edne~s .c.ured Rtre~S. aN n~h~, ~~Nt and ~ntere.t ul ~Ac \tur~r~ru~ en and to an~ ~nxuiince poi~c~ec ihen in ta.e sA~ll pass !o the purchase~ o~ ~ran~ee. lAi Tu ptrarm, a.rnpl~ rvth •nd ahufr by cach and every the shpulatwns. atieemeets. condctionc and cn~enant+ ~n ~~~d pr~~m~~s~.ry note and iA~. derd .r~ (o~th. 1 That d any uf .a~d sums ul manr~ hcre~~ retrrrrd to be eut prumpUY AM1 tull> pa~d ~uA~n (d~een days neat after the same seveully bra~xnes Jue am1 psyable,~x ~t ea.h and eve~y ~he st~pulat~ons, a~teem<ntc, aonJA~on~ and covenants ot ss~d prwms- swy note •nd ~h~a dred, ut e~~Arr, •re not fully per(ormed, c~uapl~ed ~•~th am1 ab~ded Ay, the .aid ~g~repir swn men~~oned ~n sa~d prwni.cut)' no~e shall becotne due aed pay~ble fatA~~tA a ~hereafter at the op~~un o! the \1w~~a~ee ss fully and comple~elY aa if the + sa~d a«re~ate ~um of sa~d p~iwm~~cuy note ~vs on~~nallY st~pula~ed ~o be pa~d un such d~Y. anythm~ m s~~d ptomisao?y note or l~erem tu the cont~a~Y n.~t~~thstand~nE• , O ) Tha~ ~n order ~a acceletatt ihe ma~wny ut the ~ndebtedness hereAy secured, because u( tht fa~lure of the MwtEago~ to pay any ta~, as~e~~ment, I~aA~l~ty, ~l~~at~~n ~,r .naumbrance u~n sa~d propttty, as herr~n pruv~ded, it sh~fl nol be neaea.ary or ~eqws~~e that tht m.H~aa~ee shall (ucr ~y the samt. 2. The ~tortgager may. at h~s option, and without waiving h~s right to accelerate the indebtedness hereby serured artd 1u forecluse th~ same, pa~ eithzr before or after delinquency any ot all of those certain obligations ~ required bv the terms hereof to be paid by the ~lortgagot for the protection of the rtx~rtgage secutity or for the col- Irction of the indebtedness hereby secured. Aii sums so n~iv~n~eJ or ~a~J b~ tf~~ ttortgagee sha!! be chstgtd into the martgage acc~unt and b~come an ~ntegral part thereof, subject in all respects to the terms, conditions, and covenants of the afor~said pr~misson• note. and this mortgage, as fully and to the same extent as though a patt ~f the origi~al indebtedness evidenced by saiJ ~ote and secured by this mortgage, excePting however, that said sums shall be repa~d the !~lortgagee forthwith upon its demand artd be in addition to the regulat monthiy install- menis provided by the mortgage note. 3. That the abstract ~~r abstracts of title eovering the mortgaged property shail at all times, daring the life ~~f this rrx~rtgage, remain in possession of the !1lottgagee and in event of the foreclosure o[ this mortgage or othet transfar uf t~tle to the rtx~rtgagrd property in exiinguishment of the indobtedness secured hereby. all right, ti~le and interes~ of the ~turtgagor in and to any such abstracts of title shall pass to the purchaser or grantee. ~i. To the extent of the indebtedness oi the 4lortgagor to the !Nottgagee described herein or secu~ed heteby, the \lortgagec is hereb>• subrogated to the lien ar liens and t~ the rights of the owners and holders thereof of each and every mortgage, lien or other incumbrance on the land described herein which is paid and!or satisfied. in whoie or in part. out of the ptoceeds af the loa~ described herein or secured heteby, and the tespective liens of said mc~rtgages, liens or other incumbrances, shall be a~d the same and each of them hereby is preserved and shall pass to and be held by the ~lortgagee herein as secutity (or the indebtedness to the Mortgagee herein described . or hereby ~ecurid, to the samr extent that it w•ould have been presetved and would have been pass~d to and been held by the ~tortgagee had it been duly and tegularly assigned, transferred. set over, and delivered unto the Mort- gagee b~~ separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of ' record, it be~ng the ~ntention of the patties heroto that the same wil! be satisfied and cancelled of record by the holders thzreof at nr abnut the time of the recording of this mortgage. 5. In the erent the ownership of the mottgaged premises, or any part thereof, becomes vested in a person other than the \lortgagur, the ~lortgagee may, without notice to the ~loatgagor, deal with such successor or suc- cessors in interest Nith reference to this deed and the debt hereby secnred, in the same man~er as with the 1}ort- gagor w•ithout in an} a•ay vitiating or discharging the !1lortgagor's liability hereunder or upon the debt hereby secured. No sale ~~f the premises hereby mortgaged and ~o forbearance on the patt.of the !1lortgagee. and no ex- tension 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 original fiability of the ?1lortgagor herein either in whole or in part. 6. The I~en t~f this deed secutes and Fball cantinue to secure payment of said indebtedness or indebted- ness, howevcr evidenced, whether by said promissory nole or any renewal or extrnsion thereoF or substitute there- - for, or other~+~se, until all such indebtedness shall•have been fully paid. IR II1P Prent rhe morlgngo?s sell, convey o? t~ansjer ~he mortgaged premises during the lije o~ this mort- qaRe, then this morlRage shalt, at the op~ion of the !IlortRagee herein. 6ecome immedietely due nnd payable jor the /ull sum oJ lhe pnncipal 6alance and +nte?esl then due. 8. The terms "Nortgagor" and "Nortgagee" whenevet used in thic instrument shall includt the heirs, personal representatives, successors and assigns of ihe respective parties hereto. Wherever used the singular number shall include the plural and ~he plutal the singular, and the use of any gender shall include all genders. I Si d seal and ive d i the presence of: L` h~ `l1~ (Seal) ~ ~ GLz a ~ { ; -n'L-` t (5eal) f J ! / ~ ~ ~ • ~ ~ / ~ { i : 1 t. ti /~C, i STATE OF FLORIDA I - COUNTY OF ~ ~ 'S ST. LUCIE Befote me personally appeared OSBY JAMES and MARGARET H. JAMF.S ~ hiS wife, ~ to me well known and known to me to be the individuals described in a~d who executed the Foregoing instrument, and ac{;nowledged beCore me that they executed the same for the purposes therein txpressed. WITNESS my hand and officiat seal in the County and State last aforesaid this lst Day of December, 1973 ~r~ J~~ ~ L ~ ' ~ • • •~IN~~• J. . ~ty Ccxnm~ssion Expires: _.Tu11e 30, 1975 Notary Public, State of Flor~da ~t ~ ~ _ - • 7' . C, : • _ . s It0E0 • - f~LEO A` ~.ouMtY fU?~ ~ : s c',d~ . _ c~~ S ( ' ~ ~ . • : " S~~ ~ l-~~~..`,~ Ci~V~t_ yj~~ ~1 2'~0449 r's' I~~ i ~ 1~~`~`~ CIER vE~,<<E~-~"~ ~ ~ ' pE~.~R~ ~ ~ , '7 ; 1 _ ~ . ~3 9 v2 f~ p ~ ; g~o~ 221 P~~r 2409 ~ . _ _ ~ ~ ~ ~ ~ ~