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Home My WebLink About2116 • Our file 5-29,542 entioo tMrw( by aril W tM Mort~a~ ~nd tM Mart~a~ee nuy cnake prool o( bss i( tM ume i~ ant ayd~ P~PUY bY ths Morc~. In wan~ oi tan~ ebwn ol 1.his mart~~e ix other tranat~r ot titb w tM aa~~ged ProP~*tY in e:tinguisl~to~nt d tM indsW~ed~sa ~s~wed Mnby. aU ti~ht, tiUe and intere~t ot tA~ Mo~tg~or in u~d w say inwru?ce poline~s thw in torca s!u!1 psss to the purclrser or ~antea Ih17b pwio~m, comply with aad aDid~ by e~eh ud evay tlr scipu4cions. apa~arnta. caditioa~ aad oov~iunta ia said promi~~ory not~ ud ia thit d~ed wc tortA. lil That ii aoy ot pid waw of money l~enin c~erted w bs aot proidptly and tuUy p~id rithi[L- ttwe d~,y~ ant ahe? the sune wvaral4r Eecam~s dus and p~yable. ar it each ~nd avery t!r stipulatioer. ~groanents. oonditions and oovenanta ot sud pronwaory ooN aad this deed. or eitAsr. ue aot tvl(y p~rtorm~d. camptisd with ~ad abided by. tAe s~id ag~regate sum ma?ti«~ed ia said promi»ory aote shaL beccme dus ud p~yabb tortAMith or thae~ItK at the option ot the Mortg~ee aa tully and oompletdy u it the said ~ggreg~ce aum ot s~id promissory note ~u aiti~llY ~ipu4ted to b~ ~id 0o weA dar. anythina ia s~id promis~orY aote o? hueia w tAe coatrsry notwitAstanding. 1 j 1'11+at ia order to ~ccderate tl~e m~turity ot the indebtednass bereby aecvnd. because ot the t~ilure ot the Mortg~ W pay any tas. awsssms~iiabili- m ty. oblig~tion or encvmbranos upon ~id propeKy. u hen+n pro~ided. it eddl not be neo~ss~ry or requisite that the mortg~gee sball fust pay ths wrr. 2. The Mortgagee may, at his option, and without waiving hia right to accelerate the indebtedness hereby aecured and to forecloee the same. pey either before or after delinquency any or ell of those certain obligations required by the terms hereof to be paid by the Mortgagor for the pmtection of the mortgage aecurity or for the collection of the indebted- ness hereby secured. All swma so advanced or paid by the Mortgagee ahall be charged into the mortgage accoont and become an integrel part thereof, aubject in aU respects to the terma. coaditioaa. and oovenante of the eforesaid promis- ~ aory note. and thia mortgage. as fully and to the same ezte~t aa though a part of the origiaal indebtednesa evidenoed by . said note and aecured by thia mortgage. e:cepting however. that said sums ahaA be repsid the Mortgagee forthwith upon ~ its demand and be in edditan to the regular monthly installme~ts provided by the mortgage note. ; ~ 3. That the abatract or abstracta of title covering the mortgaged property ahall at all timea. during the life of thia mortgage. remaia in possession of the Mortgagee and in ev~t of the focecbsure of thia mortgage or oth~ transfer of title to the mortgaged property in eztinguiahment of the indebtedness aecured hereby. ap right. title and interest of the Mort- ; gagor in and to any such abatcacts of title shall pasa to the purchaser or grantee. ` 4. To the e=tent of the indebtedness of the Mortgagor to the Mortgagee dexnbed herein or secured hereby. the Mortgag~ee is hereby aubrogated to the lien or Gens and to the rights of the ownere and holders thereof of each and every mortgage. lien or other incumbrance on the land deecn'bed herein wluch is paid and/or satis5ed. in whole or in part. out of the pe+oceeda of the loan deecribed herei.n or secured hereby. and the respective liene of said mortgagee. liens or other incumbrances, shall be aad the aame and each of them hereby ia preeerved and ahall peas to and be held by tha Mortgagee ; hereia as security for the iadebtednees to the Mortgegee herein dexribed or heraby secured, to the same eztent that it ~ would have been preeerved and would have been passed to and been held by the Mortgagee had. it been duly and regulsrly ~ assigued, tranaferred, aet over, and delivered unto the Mortgagee by separate deed of aseigaa~ent, notwithstanding the ~ fact that the aame may be aatiefied and cancelled of record, it being the intention of the partiee hereto that the eame will be satisfied and cancelled of reoord by the holders thereof at or about the time of the recording of this mortgage. _ b. In the event the owaerahip of the mortgaged premiees. or any part thereof. becomes veated in a pereon other ttian the Mortgagor. the Mortgegee msy. without notice to the Mortgagor, deal wit6 euch aucaeaaor or aucc:esaora in in- tereat with reference to this deed and the debt hereby secured. in the same manner as with the Mortgagor without in any way vitiatiag or dixharging the Mortgagor's liability hereund~ or upon the debt hereby secured. No eale of the premiees ; hereby mortgaged and no forbearance on the part of the Mortgagee. and no eztension of the time for tbe payauent of the ; debt hereby aecured givea by the Mortgagee ahall operate to release. discharge. modii3?. chen6'e or affect the original lia- bility of the Mortgagor herein either in whole or in part. 6.'I'be lien of tlus deed aecures and shall continue to secure payment of said indebtednesa or indebtedness. however evidenced~ whether by said promissory note or any renewal or eztension thereof or substitute therefor. or otherwise. ' unt~ aU auch indebtedness shall have beea fully paid. ' 7. In the event the mortgagors sel~ conuey or trnns(er the mortgaged pre~nises during the li(e of this ireortgage, then this mortgage sl+all. at the option of tbe Mortgagee herein. become immediately due and payable /or the juU sum o/ ~ i the principal balance and interest then due. ~ 8. The terms "Mortgegor" and "MoTtgagee" whenever used in this instrument shall include the heirs, pez- ! sonal repreaentativea. successors and assigns of the respective parties hereto. Wherever used the singular number ahall ~ include the plura! and the plural t~ a' . and the use of any gender shell indude all genders. ~ ~ I~ N' ~ ~~~i ~ ~~Q S' ed ' ere n t rese, c ~ 1 Sea1) e i ,~11. ~ ~ c_ ~ , c~ e.t . _ STATE OF FLORIDA S9 COUNTY OF ~H S~. LUCIE efore me personauy appeared WALTER YEARBY and CLARA YEARBY, his wife, , to me well Imown and known to me to be the individual described in and who ezecuted the foregoing instrument. and aclmowledged before me that they ezecuted the same for the purp oaes therein ezp~esse~.9~~'TNESS my hand and ~ official seal in the County and State last aforesa:d this 23rd ll8y of Marcn, L _y: s;~ i ~ ~ ~ j ~ My Commission Expires• June 30, 1975 Notary Public, Stateof ~ lorida t` ~ ~ ~ ; ~ 7 rtiEO rr+~~ r.~t,~A~EO , ~ S~- LUC~E C(;UNT1f ~A, - -f,i::,E :~TR~~ - ' ' ri -cr,~ ._G)T COU~T . or~r^'. ,=f = ~~J a?R 3 I~ ws PM ~7~ z~ss~~ ~ ao~ 2~5 ~E 2~13 ,4,~ r ; - --y.-~~~ : -=-.~u~ ~::1-~ . ti~- - =:-p: _ - _ . ~ ~