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Home My WebLink About2980 . File 5-29,244 ~h~s mun~ca~cc ~K ~nhr~ Uan+f~~ uf ~~tlr tu ihr m.ittKagcd ptoprrl) ~n t~ungui+hmrn~ ui thr ~nJcAtrdnr...t.u~rd hrrcb>, ali ngh~, U~le ~nd interr~t ~H thr \Iu~t~aYw ~n rnJ to any ~nsuranrr pul~c~ec tArn :n furcr shall pa.c to thr purchr~rr ur gran~ce. (Al To prrto~m. .~wnpl~ w~~h and abidr hy cach and a~ery the st~pulettons, ag~ram~nts, cond~hon. ~nd c~~~tnants ~n ~a~d prumis~uty - note anJ ~n th~. d. cd c f.~rth, 1'ihal any ~+f .a~d sums ~t m.~nry hrre~n rcirrtrd tu be not pr.~mpti> and (ull)~ pn~d ruh~n tdtrr~ days nc~t ahe~ • the wme .t..~ally br.omes Sur and payaAle,.r t~ih and tve~)' Ihr snpulat~on~, agcrrmrnh, iunJi~~.~n. and cuYenantr af sa~d prwn~s- ; scay nutt and th~. Jcrd, ur e~iher, are nut (ully prrformrd, com~l~cd w~th and ~b~Jed by, thr .o~d ~~tgrcg~~r sum ment~onrd in sa~d , prom~sswq note shall bec.wne dur an3 pr>vbic fixthu~th ur ~htrcaftrr at the opi~~.n of the \lurtg~gee as (uUy rnd complrtely as if tAe .a~d a6~tega~e sum ot ~a~J p~~xni~.ury nott wac on~mall~' supulatr~+ to be pa~J on such day. an~thing m said p~cxnissuc)' note or here~n tc. tht rontrary not~~th:tand~ng. ~ ) That m orde~ to accelcratr ~hc metur~ty uf the mdeEtadnesc herehy srcurcd, because uf thr fa~lure of tAe \lurtgagur ~o pa)' any ta~, essr.;men~, l~a~~l~t>, obl~gatiun ur rn.umArance up.m ,a~d prape~~y, as herc~n procidcd, u tihall not be nr~ts~ary ~x reau~s~~e tha~ the murtKagrt ,hall f~rst pe)' the .ame. 2. Thr \iortgagee ma~•, at his opuon, and w~ithout ~~~aiving hi. right ta accelerate the indebtedness hereby secured and to forecluse the same. pa~~ either before or afte[ delinquency any or all of those certain obligations requ~reJ by th~ terms hereof to he paid by th~ \lortgagor for the protection of the mc~rtgage securit~~ or for the col- lectiun ~~i the indebtrdncss hereby secureii. All sur,is s~~ advanceJ ar paid b}• the ~lortgagee shall be charged into the mor~gagr arc~~unt anJ becom~ an integral part there~~f, subject in all respects to the terms, conJitions, and cu~tnants oG the aforesaid prom~ssor~~ nute. ~nd this mortgagc, as fully and to the same extent as though a part ' o( the original ~ndebtedness e~id~nced by said n~~te and secured by this mortgage, excepting however, that said ~ums shall be repaid the \1or~gagee forthwith upon its demand a~d be in addition to the regular monthly install- ments pr~vided by ihe martgage note. 3. Th3t the ahstract or abstracts of titlz covering the mortgaged property shall at all times, during the life of this murtgage, rcmain i~ posses~~on of the Vortgagee and in event of the foreclosure of this mortgage or other tran+fer of title to the martgaged propettv in extinguishment of the indebtedness secured hereby, all right, title and intere~t vf the ~lortgagor in and to an~~ such abstracts of title shall pass to the purchaser or grantee. • 4. To the extent of the ~ndebtedness of the Wortgagor to the \lortgagee described herein or secured hereby, thr ~tortgagee is hereby subrogated to the lien or liens and to the rights of the ow•ners and holders thereof of each and ever~~ mortgag~. lien or other incumbrance on the {anJ described herein w~hich is paid and `or satisfied, in w~hole or in part, out of the proceeds of the loan described herein or secured heteby, and the respective tiens of said mortgagcs. liens ot other incumbrances, shall be and the same and each of them hereby is preserved and shall pas~ to and h~ heW by the ~tortgagee herein as security for the inde6tedness to the \lortgagee herein described or herebv secured, ta the same extent that it Nould have been preserveJ and w~ould have been passed to and been held by the \t~~rtgage~ had it been duly and regularly assigned, transferred, set over. and delivered unto the Mort- . gagee b~• separate deed of ass~gnment, notw~ithstanding the fact that the same may be satisfied and ca~celled of recurd, it be~ng the intrntion of the parties hereto that the same will be satisfied and cancelled of record by the holders thereof at ~~r about the ume of !he record~ng of th~s mortgage. _ 5. In the e~~ent the o~nership of the mortgaged premises, or any part thereof, becomes vested in a person other than the \tortgagor, the ~tortgagee ma~•, without notice to the ~lortgagor, deal with such successor or suc- i cessors in intere~t Nith reCerenre to this deed and the debt hereby secured, in the same manner as with the 11ort- ~ gagor Kithout in am~ Hay vitiati~g or discharging the ~lortgagor's liability hereunder or upon the debt hereb~~ I ! secured. No salc vf the premises hereby mortgaged and no Corbearance on the part of the !Uortgagee, and no ex- i ~ tension of che teme for the payment of the debt hereby secured given by the \lortgagee shall operate to release, ~ discharge, modif}•, change or affect the original liability of the ~lortgagor herein either in whole or in part. ~ 6_ The I~en uf this deed secures and shall continue to secure payment of said indebtedness or indebted- ! ness, however evidenced, whether hy said prumissory note or any renewal or extension thereof or substitute there- f ~ for, or othereise, until alt such indebtedness ~hall have been full~~ paid. 7. !n Nic erent the mort~aRo?s sell, com~ey or transjer the mo??Raged premises during the lije oJ this mo~t- Kake, then ~h?s morl4aRe shall. u1 fhe optio» of the ?1o?t,~a,qee /terein, hecome immediately due and payable Jor lhe (ul( sum o( lhr ~?rnc+pa( halanc~ und r»terest then due. R. The terms "~lortgagor" and "\lortgagee" Whenever used in thic instrument shall include the heirs, personal representatives, successors and assigns of the respective parties hereto. Wherever used the singular number shall include the plural and the plural th~ singular, and se of any gendet shall i u ers. ~1 Sign d, sealed d licere ~n t presence of: (Seal) ~ _ (Seal) ~ ~ ctLl~~ g ~t_-1~ ~ ~ ~ # STATE OF FLORInA I ~ COUNTY OF~f-X ` , ST. LUCIE = Bef~~re m~ pers~nall} appeared EDWARD H. STICKELL attd CYNTHIA A. STICKELL~ his wife to me ~ell known and known t~~ me to be the individuals described in and who executed the foregoing instrument, ' anJ acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand and off~cial tical ~r. the ('ount~ and State last af~re~a~d this 7th Day of February, 1974 ' " `~~11\~1:tt~i11/11~. `y 1~ 1 / 1 ~ j~ ` I ' ~ - ~ty ('~~mmis~ion ~~..n~«,: June 30 ~ 197Jr \;otary Publ~c. 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