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Home My WebLink About2636 ! - File 5-28,830 this mwl~sEr .w o1hc~ ~~snster nl ~~tle tu the mixisa~ed pope~ly ~n exunau~shmee~ ul Iht ~ndebtednesa at~uted Aeteby, all u~A~, U11t and ~nterext u( ihe A1.•ri~a~ur m~nd ~o any ~nsurance pul~c~es ~h~n ie Iwce aMll pass to tht purchsset m~ramet, (h) To prr~wm. .~wnply v~r~Ih ind ab~de by each and every the aupulahons. a~teements. tond~UOn+ and covenants ~n s~~d p~wn~.sory eote and in ~h~. deeJ .oe (o~th, Q 1 That d any o( ~a~d sums ul rtwney hrrein ~e(ourd to be nut prwnpllY amf fully pa~d ruhm tdteen daYs neat af~t? tAe same severollY Aecumes due and paysAle,a J eacA and every the supulaunns, a~reements, cund~~~ons and covenants o( sa~d prwn~s. say note and ~hu deed, ot euher, are not fully pertormed, caHapl~ed vr~th and a~~ded ~y, ~he .aid a~~rc~ste swn menuoncd m sa~d prom~ssay nu[e shall becwne due •n~ paYaale fa~Aw~M « the~eafter at ehe opuon o( ~he \1w~=asee as (ully and comple~ely as d the sud asiresste swn o( sa~d prom~scory nott wss w~~~~al1y shpulated to bt pa~d on sucA d~y, anytA~n~ ~n s~id prom~ssory note or Aerem ~o tAe romrary no~w~~hsund~etle. ~ . . ~ ~ O 1 That m order tu accelaatt tAe mawn~y ot tht mdebtedness herehy secwed, because of tAe fa~lnre o( Mt Mart`a~w t.. pay any taa, y •sst.sment, lisb~luy, ubl~~at:or~ enaumDrance upon sa~d property, as Aerem prov~ded, u shall not be necescary a ttQu~s~u that the ~ mix~saaee shall i~rs~ pay tAe same. ? i 2. The \lortgagee may, at his option, and without waiv~ng his tight to accelerale the indebtedness heteby ~ secured and tu forccluse the same, pay eithet befote or afte~ del~nquency any ot ail af those certain obligations ~ required by the tcrms heteof to be paid by the ~tartgagot for the protection of the mo~tgage security ar tor the col- ~ lectian of th~ ~ndebtednes~ hereby secured. All sun~s so advanced or paid by the Nortgagee shall be chatged into the martgage acco~nt anJ t?ecom~ an integral part thereof, subject in all tespects to the terms, conditions, and covenants of the afaresaid promissory nate. and this mortgage, as fuliy and to the same extont as though a part of the original indebtedness evidenced by said note and secured by this mortgage. excepting however, ~hat said sums shall be rcpaid the !?iortgagee fotthwith upon its demand and be in addition to the regular monthly install- 3 ments provided by the mottgage note. 3. That the abstract or abstracts o[ title covering the mortgaged ptopetty shall at all times, during the life of this rrn~rtgagc, remain in ~+c~ssession of the Alortgagee and in event of the foreclosure o[ this mortgage or othcr transfer aC title to the mortgaged property in extinguishment of the indebtedness secured hereby, all right, title and mtere~t of the ~lurtgagor in and to any such abstracts of title shall pass to the purchaset or grantee. 4. To the extent of the indebtedness of the ~fortgagot to the !lfottgag~e described herein or secured hereby, the ~tortgagee is hereb}~ subrogated to the lien or licns and to the rights of the owners and holders thercof of each and every mortgage, l~en or other incumbtance on the land described herein which is paid and:`ot satisfied, in whole or in part, out of the proceeds of the loan desc~ibed herein or secured hereby, and the respective liens of said mortgages_ liens or other incumbrances, shali be and the same and ~ach ot them hereby is preserved and shall pa~s to and be held by~ the ~tortgagee herein as security foi the indebtedness to the I?tortgagee herein describ~d or hrreby ~ecured, t~• the same extent that it w~ould have been preserved and would have been passed to and been held b}~ the ~1c~rtgagee had ~t been duly and regularly assigned, transfened, set over, and delivered unto the Mort- gage~ b~~ separate deed of ass~gnment, notwithstanding the fact that the same may be satisfied and cancelled of record, it be~ng the ~~tention of the parties hereto that the same will be satisfied and cancelled o( recotd by the hoWers there~~f at or about the time of the recording of this mortgage. 5. In the event the ownership of the mortgaged prcmises. or any part thercof, becomes vcsted in a person other than the \lortgagor, the ~tortgagee may, without notice to the Mortgagor, dea! with such successor or suc- cessors in enterest M~ith reterence to this deed and the debt h~reby socured, in the same manner as with the Mort- - gagor without in am• way vitiating ot discharging the ~lortgagor's liability hereundcr ot upon the ~ebt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the patt of tha Mottgagee. and no ea- tension of the time for the payment of the debt i~ereby secored given by the Nortgagee shall operate to release, discharge, modify, change or affect the origina! liability of tht tilortgagor herein eithtr in whole or in pazt. b. The lien of ihis deed secures and shall continue to securo payment o[ said indebtedness ot indebted- ness, however evidenced, whethet by said ptumissory note ot any renewa) or extension thereof or substitute there- for, or otherw~se, until all such indebtedness shall have been fully paid. 7. ?n ~he eren~ the mo?~gagors sell, convey or t~ansjer the mortgaged premises during the lije oj this mo?t- qaRe. then tiris mortgage shal(, at the option oJ the RlortRagee hereirt, become immediately due and pay4ble fo~ the Jull sum oJ the principal bala~rce and interesJ then due. 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instcument shall include the heirs, personal representatives, successors and assigns of the respective parties hereto. Wherever used the singular 'i number shall include the plural and the plural the singular, and the use of any gendet shall include all genders. / • igned, seal an el' er ~n the presence of: (Seal) ~ - ~%~~t~in-e~~~ -f~~,..~ s:L~' (Seall € , ; ! G-stGJ ~ ' r t 1 -r~-z I.{ F ~ ~ ' STATE OF FLOR(DA I * ; COUNTY OF ~ ~ 's ~ ST. LUCIE Before me personally appeared A.V. FI,OWERS and CNRISTINE C. FLOWERS~ h13 wife, to me v?ell known and known to me to be the individuals describtd in and vvho executed the foregoing instrument, - and acknowledged before me that they eaecuted the same for the purposes there~n expcessed. WITNESS my hand ~ and of~ic~al seal in the Count~ and State last aforesaid this 8th Day of Deeember, 1973 ~ ' `~~,~~ti- . ' ~ly Commission Etpires: .1ut1e 30, 1975 Notaty PubGc, State of FZ ~~~d ,.a ' , • . ~ . . . ' ; cj : i ~h~~ RECa~ f~1.A- - . . ~ S~ ~~CiE~ `,~a~RAS at ~ _ . - r • ~ , _ _ . ~p~E ,t ~OU l , ~ ~ ' ~ - ~~fR~ 2'7061 . ~ ~ : • ` _ ~ 3 2 . ~ RE~~~. 3a~ 1 . . . s ~~~~~~N~~.1'. } ~ 9 z R ~a~:E 2fi35 ~ - . ~ ; 6~~~ 221 ~j~~ 3 ~