The URL can be used to link to this page

Home My WebLink About1283 File 5-29,132 notice thereoi ~y mtil to the Mortgagee snd the \tortga~ ma}• mnlce pr:wf oE loss il tAe same ia ?wt mede promptly by the Mortg~gor. In sveaf: ot Ioec dosurs al this mortg~ge or other transter ot title to the awrtgaged pr~prrt ~n e:tinguiahu~ent o( ti~e i~debtedne~s se~vred he~eby. ~!1 riaht, tuk aod interest of tAe Mottgagot in ~nd w~ny ~n~urance poticces then in forcr ~hali pays to tAe purchaxr or gr~ntee. 11?1 To pertorw, comply writA tu~d abide by each and every the ~upulatioro, egreement~, conditia~s and rn~renanta in uid p~oauasory iwte and in tAia deed set forth. 1i171ut it ~ny o( said eums of money herein reterred w t~e not promptly and tuUr paid w~ithin _fi/teen days neut ~her the aame sevrfaUy Decortxa due and pyibk. or i(eac~ ande~•ery tAe stipulations, aKreememts. corclitiun~ and co~•enent~of said promissory nxe snd this deed. or eitAer. oe not fully pefonned, complied with and abidt~d by, the said aggregate sum mentioned in said prunusaory note shall becncr~e due and p~y~bb forth~ith or t1?ere~her ~t the opt?o~ of the btortgagee a~ tuUy and comptetdy as i[ t he said a~regate aum ot said promissory note w~s originally etipulsted to be p~id on such day, anything in said prortus~ory note or herein to the contrary notM ~thsunding. - 1 j 11t?et i~ order to ecce4nte the maturity of the indebtedness hereby se~wed. berauae uf the failure ot the Nortgagor w pay ~ny tu, asees~ment, lia~i6- ty, obGgation or encvmbrance upon said property, ss hemin pru~•idecl, it shall not be necrsaary or requisite that the mortgagee shdl fint pay the name. 2. The Mortgagee may, at his option, and without waiving his right to accelerace the indebtedness hereby secured and to foreclose Lhe same, pay either before or after delinquency any or all of those certain obligations required by the terms hereof to be paid by the Mortgagor for the protection of the mortgage security or for the collection of the indebted- ness hereby secured. Ail sums so advanced or paid by the Mortgagee shall be charged into the mortgage account and become an integral part thereof, subjectin ell respects to the terms, conditions, and covenents of the aforesaid pmmis- • sory note, and this mortgage, as fnlly and to the same extent as though a part of the original indebteddess evidenced by said note and secured by this mortgage, e:cepting however, that said sums shall be tepaid the Mortgagee forthwith upon its demand and be in addition to the regular monthly instailments provided by the mortgage note. ~ 3. That the abstract or abstracts of title covering the mortgaged property shall at all times, during the life of this mortgage, remain in possession of the Mortgagee and in event of the foreclosure of this mortgage or other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all right, title and interest of the Mort- gagor in and to any such abstracts of title shaU pass to the purchaser or grantee. ~ 4. To the estent of the indebtedness of the Mortgagor to the Mortgagee described herein or secured hereby, the Mortgagee is herehy subrogated Lo the lien or liens and to the rights of the owners and holders thereof of each and every mortga,ge, lien or other incumbrance on the land described herein which is paid and/or satisfied, in whole or in part, out of the proceeds of the loan described herein or secured hereby, and the respective liens of said mortgages, liens or other incumbrances. shall be and the same and each of them hereby is preserved and shall pass to and be hetd by the Mortgagee herein ae security for the indebtedness to the Mortgag¢e herein described or hereby secured. to the same eztent that it woutd have been preservect and would have been passed to and been held by the Mortgagee had it been duly and regularly assigned, transferred, set over, and deliveted unto the Mortgagee by separate deed of assignmeat, notwithstanding the fact that the same may be satisfied and cancelled of record, it being the intention of the perties hereto that the same will be satis~ed and cancelled of record by the holders thereof at or about the time of the recording of this mortgage. 5. In the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the Mortgagor. the Mortgagee may, without notice to the Mortgagor, deal with such successor or successors in in- tereat with reference to thia deed and the debt hereby secured, in the same manner es with the Mortgagor without in any t way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby secured. No saIe of the premises ~ hereby mortgaged and no forbearance on the part of the Mortgagee, and no extension of the time for the paycnent of the i debt hereby secured given by the Mortgagee shall operate to release, discharge, modify, change or affect the original lia- ` biGty of the Mortgagor herein either in whole or in part. 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebtedness, however evidenced, whether by said promissory note or any renewal or extension thereof or substitute therefor, or otherwise, ~ until all such indebtedness shall have been fully paid. ' ` In the event tlie mortgagors sell, conuey or transjer the mortgaged premises during the lije of this mortgage, : then this morigage s/wA, at the option oj the biortgagee herein, become immediately due and pnyable /or the fuU sum o( ` the principa! 6alance and interest then due. = 8. The~terms "l~iortgagor" and "Mortgagee" whenever used in this instrument shalt include the heirs, per- s sonal representetives, successors and assigns of the respective parties hereto. Wherever used Lhe singular number shall b include the plural and the plural the singular, and the use of any gender shall include al) genders. a , ~ ~ i - § Signed, sealed and delivered in the presence of: r i-~r i~ 2 z g~~ (Seai) ~ 1 Seal 1 ~ l - - § ~ STATE OF FLORIDA gs ~ _ - - COUNTY OF ~K 1 ST. LUCIE = Before me personell~~ appeared PIERINA RIZZARD, an unmarried woman, ~ to me well lu~own end known to me to be the individual described in and who executed the foregoing instrument, and acknowledged befote me that they executed the same for the purposes therein expressed. WITNESS my hand and - official seal in the County and State last aforesa:d this 26th Day of Janu , 1974 _ , ~ . ~ ` My Commission Expires: JUri@ 3~ . 1975 _ i`otary Public, SC ^ OY'ld • ~ SY' ^ • . r i., - fIlEO ~ti~ kEGORDED ^ ST.lU~34E~C0UNRAS`~ ~ ~ RO~.,= . ; CIEF~ C'~~Jlt COURT . = ~fCTa^. v~:~~F~~n . . . ~ . fEe I 2 0o PH'1~ - - 2'73'760 eo~ 223 P~E~i283