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Home My WebLink About0167 File 3-29,241 ~hi. m~~nK.~K. ,a ,•thri n~n.tr~ ot ~~Ui t~~ :hc r.,.~~ig.~grd =x~~pcrt~ ~n rxtenKu+.hn:enl .a t~: in~Mtcdnc.. .c.wrd hrtch~, ..II ri~th!. ~:~Ic anJ ~nttir~t ,d ~Ar V~~~~gr?t.~e ~n ~nd tu er.~ ~n.w..n.r puli~~c~ tAen in forct ch~ll p~.. t~. ~hi• p~~f.ha.c~ u~ K~rn~rr. Ih) Tu p.~t~.~m. .,~m;~l~ M~th and r~~Jr h) ce.h rnd r~c~Y ~he cUpul~lwnc. aKrr~m~~ts, c.~nd~hon. and .~~~enen~. ~n ..ud pr~~m~.~.~r~ notc ~nd ~n ih~. dred •r~ turtA. 1 TA~~ ~1 rny ol .a~d .um. ~~t m.~nr> Acrrin ~rlcrtrd tn br not pr.~mptl> ~nd iull~ pa~d •+iih~n f~ftrcn d~Y. rtru ,el~er ~he ~~mt ~crr:~ll> ha•.umes duc and ,e~ahle,~K ~f tacA and e~er> tbr +~ipulauun~, sEi~emrnt., .,~r,.fit~un. and c~~tien~nt~ ol ~~~~1 pn~mi.. s~Hy nnlr and th~a dred. .~r ~u~~~, are nu~ Iu11Y t+~rinrmed, ~~.mpl~td ~~th anS aA~~1ed M, the .a~J ,~gg~eKa~r ~um mrnuunrd ~n s~id M~mus~K~ nate ~halt br...mr duc' nnd pe~~~lr fortAw~th or therca[trt at Ihe ~iphnn o( tAe \}.~rtgrgre .rc full~ end c~~mpirlrl)' ~s i1 the .a~d aR~rcRatc sum nt s~~d pi~.mi..ury notr ~ac ur~g~n~ll> .tipulated t~~ Ne paid on .uch d~>. ~n)SA~ng ~n ~ai~ p~om~~+ury nnt~ nr her~~n t.. ~hr .ont~ar~ nntw~~h.t~nd~n~. e (J 1 That ~n ~~~dr~ tu ~ciele~atc ~ht nwtur~t~ .i1 the ~ndcbiedoe~s he~rby .r~urrd, br~ausr ~~f thc fa~iure ul ~he Vurt~teEur ru pay art> ~ea, as.r.:ment, liehiltt>. obl~g~t~.~n rn.umArante ~r~,~ ..a~d ~r~,r~r~y, e~ herr~n pru~ided. ~e ~hall n<.~ be nt.e..~ry ur reQu~s~te ~hat thc murtg~~[ee .ha11 I~r.e p~~ ~ht .rme. ' Tht ~I~~rlgagee ma}•, at his opUon, anJ w~thaut ~a~ving hi~ r~ght t~~ acceltrate the indebtedne.sc hereb~• .e~ured and t+~ fortrluse thr same, pay either before ur after dei~nquency any or a{I oi those certa~n obl~gat~on~ reyuired by th~ terms hereof to be ~+a~d b~• the \lortgag~~r fo~ the protection of the mortgage securitp or for 1he c~~l- Icrti~?n ~~f thc ~ndebte~lnes~ hereh~~ secur~d. All ~ums su ad~~anced or paid b} the ~tortgagee shall be chatged ~nt~~ the murtgagr acc~~imt and hecome an +ntegral part thereof, subject in all respects to the terms, conditions, and cuvrnants ot tht alurrsa~d ptum~ss.~r> ~ote, and this mortgage, as fully and to the same extent as though a part ~ ~~f ~he ong~nal ~ndebtedness evidenced by said note and secured by this mortgage, excepting how~ever, that said ~ums shall be re~+a~d the ~lortgagee forthwith upon its demand and be in addition t~~ the reguiar monthly install- inents prov~ded b>~ the mortRage note. 3. That the ab~tract or abstracts af title rovering the muttgaged property shall at alt times, during the life uf this murtgage, rema~n in pos~ess~un of Ihe 1lortgagee and in e~~ent o!' the (~~reclosure of this mortgage or other transf~r of t~tle tu the mortgaged property in extinguishmenl of the ~ndebtedness secured hereby, all right, utle and mtere•t of the \t~~rtgagor in and to any such abstracts of title shall pass to the purchaser or grantee. -3. To the extent of the indehtedness of the 4lortgagor t~~ the'1lortgagee described herein or secured hereby, thr \tortgagee is hereby subrogateJ to the tien or I~ens and to the reghts of the owners and holders thereof of each and even• martg3ge. lien ur othet incumbrance on the land descr~bed herein w~hich ~s paid and or satisfied. in u•hole nr in part, ~•ut of the proceeds of the loan described herein ar ~secured hereby, and the respective liens of said mortgagrs, I~ens or other ~ncumbrances, shall be and the same and each of them here'by is preserved and shall pas~ to and hr held br• the \tortgagee h~re~n as security fot the indebtedness to the ~tortgagee herein described or hereb> securtd, to the same extent that it v?ould have been preserved and would have been passed to and been h~ld b~ the V~•~tgagee had ~t hean duty and regularly assigned, transferred, set over, and delivered unto the ~1ort- gagee bc separate deed nf a.signment, not~~~thstanding the fact that the same may be sahsfied and cancelled of record, i1 heing the mtenti~~n of thr parues heretu that the same will be satisfied and cancelled of record b~~ the hoWers thereuf at ~•r ~bout the ume of the recording af th~s mortgage. 5. In the z~•ent the o~ncrsh~p ol the mortgaged premises, or any part thercof, becomes vested in a persan ~~ther than the ~lurtgagor, the ~tortgagee may, without nouce to the ~lortgagor, deal with such successor or suc- cessors in ~nterest ~~th referertce tc~ this deed and !he debt hereby secuted, rn the same manner as with the \lort- gagor ~+ithout ~n ~n~ Nay v~Uat~ng or dischatg~ng the ~tortgagor's I~ability hereunder or upon the debt hereb~~ secured_ No sale ~~f the premises hereb~• mortgaged and no (orbearance on the patt of the !1lottgagee, and no ex- ; tens~on of the time f~~r the pa}•ment of the debt hereby secured given by the ~lortgagee shali operate to release, ! discharge, mod~fy. change or aCiect the origi~al liability of the ~lortgagor herein eithet 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 ev~denced.-whether by said prom~ssory note or an~• renewal or extensian thereof or subsutute there- i for, or a~therw~se_ unt~l all ~uch indebtedness shall ha~•e been fully paid. 7. /n tht• eren~ thc mo?rRaRors sell, com~ey or transjer the mor~gaged premises during the (~Je oJ this mort- ~uFe. then th~s mort~aRe shall, a~ the op?ion of tite .tlortRoqee herem, hecome immediately' due and payable Jo~ the ' ful! sum oj ti~e Prencipal h~lanc"e and rn~erest ~hen due. i 8. The terms "!~lortgagor" and "4lortgagee" whenever used in thic ~nstrument shall include the heirs, f ersonal re resentatives, successors and assi ns of the res ective g ~ P P g p parties hereto. Wherever used the s~n ular € number shall include the plural and the plural the s~ngular, and the use of any gendaf, hall ~nclude all genders. ; ~ ^ _ : S ned, sealed nd li~• d,? the presence ot: ( ~ 1"Lut_y~ (Seal) i ' (Seal) ` ~ < . " - ~ t , ~ STATE OF FLORIDA I ~ COUtiTY OF14X~K ~ ~ ST. LUCIE ' Refore me personally appeared ELMER H. SMITH, .1R. , an unmarri~d man, ~ to me Kell knovn and know•n to me to be the iod~viduals described in and whn executed the foregaing instrument. - and arknouledged before me that they executed the tiame f~r the purposes there~n expressed. WITPiESS my hand and ~~ff~c~al seaf in the ('ount~ and State last af~tesaid th~s 9t Day of February, 1974 ; - ,~~~~:1HU:~n,,~`r r r~ ? - i _ . J - ~ty Cumm~ss~on E:xpire~: JuCte 3O, 1975 (votary~ PubGc, Sta?e of Florida ' ~;L~ ~ . - ~;i DEO : ; _ S7.~GC;. ..,`rTr fU. • , : : ~ = F~r. "~,AS = ~ y Ct . _ ~'1~~ ~ -''-yj: ; / ~ ' , 77~ ~~l ' ~ ~:;r FE8 2~! 1L 4C I~~i _ . ~ 2~4 F. . ~ . . ~ ~ - ;~~os3 ~ _ _ . 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