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Home My WebLink About0896 File 5-29,788 rotice the~eot by mail to the 111ortg~gee uwf the \lortga~r ma}~ mukr pruot ot lua, it thr same ie not made pn,mptly by the ~1o~tg~gor In even~ ot fore~ clowre o[ this mortg~ge ar otha tr~nster ot titb to ~he aartgaged pruPe*ty in extinguisha?ent oi the ~ndebtednes+ secured AerebY. dl right, title ineerest ot the Nortg~gor in and to any ~osur+nce poticies then ia fo~ce shall pasa to the purcFueer or grantee. Ibl To psrtoRn. eomply with and ~bide by eacA at~d e~bry tAe aupul~tio~s. ~grsemsnts. condiuons and tovenanca in s~id promiswry note and in thi~ deed settortA. 1i171~at it ~ny of s~id wms ot mone}• Aereln reterred to be cwt promptly s~d fuliy paid witAin ttteen daya nest ~fter the ea+ne ~everally pecomes due ~nd p~y~bk. a it cvch ~nd evay the stipulations, sgrrements. cunditions ~nd rnvemnta o( aaid praniaeory note ~nd this deed. or either. ~re not fully p~tornied. complied with and ~bided by. the said aggre~te sum menuoned in said promis.+ory note shall become due and pqabk forthwrith or thereaher N the optan ot the Nortgagee as fuUy ~nd complutdy ss it the ssid a~reg~te aum ot s~id promissory note w~a orig?naUy etipulated W be paid oa auch day. anything in said prunuss,s ~~.t~ ar lferein ta tEr c~ s:ry Y+~thstan~ling 1 j 171~at in order to ~cceknte the maturity o( tAe inde6tedn~s hernby secvred. btrawe ut tAe ta~lure ot the AtonHsgor to paY ~ay tu. ~~xesment, liabiG• ty. obli~tion or eotumbrance upon said proprrty. aa herein procidid. it shall nol be neciKSary or requisitr that the martgagee shdl first pay the aame- 2. The Mortgagee may, at his option, and without weiving his right to accelerace the indebtedness hereby secured and W foreclose the same, pay either before or efter 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. All sums so advanced or paid by the Mortgagee shall be charged into the mortgage account and become an integral pert thereof, subject in all respects to the terms, conditions, and covenants of the aforesaid promis- sory note, and this mortgage, as fully and to the same extent as though a part of the original indebtedness evidenced by said note and secured by this mortgege, excepting however, that seid sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regular monthly instalUnents 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, remein in possession of the Mortgagee end in event of the foreclosure of this mortgage or other transfer of title to the mortgaged property in eztinguishment of the indebtedness secwed hereby. all right, title and interest of the Mort- gagor in and to any such abstracts of title shall pass to the purchaser or geantee. 4. To the extent of the indebtedness of the Mortgagor to the Mortgagee described herein or secured hereby. the Mortgagee is hereby subrogated to the Gen or liens and to the rights of the owners and h~lders thereof of each and every mortgage, 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 end shall pass to and be held by the Mortgagee herein as security for the indebtedness to the Mortgagee herein described or hereby secured. to the same eztent that it would have been preserved and would have been passed to and been held by the Mortgagee had it been duly and regularly assigned, transferred, set over, and delivered unto the Mortgagee by separate deed of essignment, notwithetanding 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 satisfied 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 thnn the Mortaaaor. the Morti[aKee tney. without notice to the Mortgegor, deal with such succesaor or successora in in- terest with reference to this deed end the debt hereby secured. in the same manner as witn ti?e Fviorigagor wi~.,o~~ u~ a.-.~ way vitiating or discharging the Mortgagor's liabiGty hereunder or upon the debt hereby secured• No sale of the premises hereby mortgaged and no forbearance on the part of the Mortgagee, and no eatension of the time for the payinent of the debt hereby secured given by the Mortgagee shall operate to release, discharge, modify, change or affect the original lia- bility 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_ ; 7. In the event tl+e mortgagors sell, conuey or t~+ansjer the mortgaged premises during tke li(e o~ this mortgage. E then this mortgage shall, at the option oj the Mortgagee herein, become i~ninediately due ond payable (or the fuU sum o( j the principal 6alance and interest then due. 8. The terms "Mortgagor" and "Mortgagee" w•henever used in this instrument shall include the heirs, per- sonal representatives, successors and assigns of the respective parties hereto. Wherever used the singular number shall _ include the plural and the plural the singular. and the use of any gender shall include all genders. Si d, sealed d n t pre nce of: ~ ' 1 S'{~'-E : 4J ~%r> ~ i,~~~-' 1 Seal l I l~L.ti ~.1 •_t_~_c~ ~ ~ STATE OF FLORIDA Ss COUNTY OF~7[~ ' ST. LUCIE L~ SMITH and HELEN SMITH, his wife, Before me personalh• appeared to me well known and knawn to me to be the individual described in and who executed the foregoing instrument. end acknowledged before me that they executed the same fo25thpu~S eSOf rAnriles 1~]~TNESS my hand and official seal in the County and State last aforesa'_d this y p ~ ~a _ - - . June 30, 1975 ;voc$r Public, sc~ceot Florida -a rge:. My Commission Expires: _ y , _ 1 ~ ~ ' - ~r ; ~ ~ , : - ` - y- - ~ ~j~ ; . ~ ~p A~= ~L ~ ~ -.S ~ • , . f; v~1E~ ~~~ZA?4 - 5 AO~~ ; ~,1I Sr~ ~`•.....e; ~ ~E4~K t1~0 ~ . . • RtC~~QU .~~;~~1 . ~ ~~~~ilr~~w' , r ~ ~ ~ ~ ~ ;~~~'~'71 ~ k < < • BOOK ~ PAGE - k. ~y> - ~ ~