HomeMy WebLinkAbout1055 /~~/,a'a~a,~. file 5- 0f040
~Ms mal~x~e .x ~.thr~ transfe~ u( uNr to tht mo~?~a~ed pope~ty m eaun~u~shmeat W tAe ~naeotedoess secwed~e~l~+Y. ~11 ~~~At, uUe
~rw1 ~nie~e.t ot Me \1o~~~asw ~n ~~1 to any msu~ance pohc~es ~hen in (ace sAall pass to Ihe purcAuer or ~nn~ee.
(h) To peilam. c~rnply ~r~th ynd sb~dt by each a~d eve~y the st~pulal~ons. a~reements. cond~hons and covenants ~n sa~d p~um~~sory
note and ~n ~h~. derJ .e~ tonh.
(i 1 Th~t any ot +a~d swnc of muney he~em re(errcd to be not pranpllY and fully pa~d +uh~n htieen dsys next s(tcr
tAe same sererally Ascomta due snd DaY~Ale,or each aod erery tAe st~pul~hons, a~rcementc, .unJ~t~ons and covcnants of s,~a awA~s-
spy note and th~s detd, or e~Iher, ~re not (ully perfo~med, cumDlled w~tA and ab~ded by, ~he +r~d s~~reple sYm menuoeed m sa~d
pom~sso~y oote shall becane duc a~d psYa~le tor?1~~~th or therea(ter at tAe opum o( ~Ae Mwtsa~ee as fully and completely as d the
sud a«reqte swa of said prom~scwy no~e was on~~na11Y sNpulated to be pa+d on such d~Y. anyth~aR io sud prom~ssotY ~o~e or Aere~n
to 1he conaary notMiihstand~nE.
) That ~n ader to accels~ate the matur~~y of tAe indebted~ess hereby secuced, because uf thc (a~lure ot the N«taa~w ~o paY ~~Y
assc~sment, I~ab~lity, obl~{ation ix rnrumbrance upon sa~d prope~ty, ss here~n provided, shall not be necessary or reQwsiu that the
mat~a~ee shsll f~r~t pay t~e same.
2. The \lortgagee may, at his apt~on. and without waiving his right to accel~rate the indebtedness hereby
secured and ta foreclose the same, pay either be[ore or after delinquency any or all of those certain obligations
required by the terms hereof to b~ paid by the l4Mrtgagor for the protection of the mortgage security or for the col-
lection af the indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be charged into
the mottgage account and become an integral part thereof, subject in all tespects to the tetms, conditions, and _
covenants of the aforesaid promissory note, and this mottgage. as fully and to the same extent as though a part
of the original indebtedness evidenced by said note and secured by this mortgage. excepting however, that said
sums shall be repaid the Alortgagee forthwith upon its demand and be in addition to the,regular monthly install-
ments pravided by the mortgage note.
3. That the abstract or abstracts oi titie covering the mortgaged property shall at all times. during the life
of this mortgage, remain in possession of the :.1lortgagee and in event of the foreclosure of this mortgage or other
transfer of title :o the mortgaged property in extinguishment of the ir?debtedness secured hereby, all right. title
and interest of the ~lortgagor in and to any such abstracts of ~itle shati pass to the purchaser or grantee.
4. To the extent of the indebtedness of the Mottgagot to the Mortgagee described herein or secured hereby,
the Mortgagee is hereby subrogated to the lien or liens and to the rights of the own~rs snd holders thereof of each
and every mortgage, lien or other incumbrance on the Iand desctibed herein which is paid and!or satis[ied. in
whole or in part, out of the proceeds of the loan described herein or secuted hereby, and the respective liens of
said mortgages, liens or other incumbrances, shalt be and the same and cac6 of them hereby is preserved and 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 samc extent that it would have been presetved and would have been passed to and been
held by the ~tortgagee had it been duly and regularly assigned. transfened, set over, and delivered unto the Mort- -
gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of
record, it being the intention of the parties hereto tfiat the same will be satisfied and cancelled of record by the
holders thereo! at or about the time of the~recarding 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 ~lortgagor, the ~lortgagee may, tixithout notice to the Mottgagor, deal with such successot or suc-
cessors in intetest K~ith teference to this deed and the debt hereby secured, in the same manner as with the Mort-
gagor without in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby
secured. No sale of the premises hereby mottgaged and no focbeatance on the part of the Mortgagee. and no ex-
tension of the time for the payment of the debt hereby secured given by the 1Aortgagee shall operate to release,
discharge. modify. change or a[fect the original liability of the Mortgagor herein either in whole or in part.
6. The lien of this deed secures and shall continue to secure payment o( said indebtedness or indebted-
~i ness, however evidenced, whether by said ptomissory note or any renewal or extension thereof or substiwte there-
~ for, or otherwise, until all such indebtedness shall have been fully paid.
? 7. /n the e~•ent ~he morlgago?s self, convey or transjer the ?nortgaged premises during the liJe of this mort-
s gage, then this mortgage sholl, a~ the option oj the Alortgagee herein, becorne inunediately due nred payable Jor the
~ . jufl sum oJ ~he principa! balance and interest then due.
~ 8. The tenns "Mortgagor" and "Mortgagee" whenever used in thic instrument shall include the heirs.
personal representatives, successors and assigns of the tespective parties hereto. Wherever used the singular
number shall include the plural and the plural the singular, and the use o~.any gender shall include all genders.
,
Signe s aled an i i resence of: • (Seal)
^~%~7'~.l /.~'s~ l , fir~ ,c.~~ (Seal)
~ ~-r?t~- -
~ STATE OF FLORIDA I
~ COUNTY OF ~ ~ ~5
~ ST. LUCIE
~,,x Be(ore me Personally appeared ~~KY R. EVANS and THERESA M EVANS, his wife~
~ to me well known and known to me to be the individuals described in and who execnted the foregoing instrument,
and acknowledged before me that they executed the same for the purposes therein expressed. WJ TNESS my hand
~ and official seal in the County and State last aforesaid this 13t D8y of June, 1974
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My Commission Expires: JuIIe 30, 1975 Notaty Pablic, State of Florida_
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