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Home My WebLink About1396 File 5-30,044 thu mwt~a~r .w ~~~he~ t~ancfe: ot ulle w the mor~~ared prope~~y ~n eaUnrwahment ut ~Ae ~ndebtedness tiecwed he~eby. aU n~At, Uqe and mterexl o( tAe ?Mw~psw ~e and to any ~nauunce poli~~es then m torce shall pass to Ihe purchsser a~romee. {A1 Tu pert~xm, c.YnP~Y +~~Ih and aD~de sy escA a~d every tht ~~~p~la~~ons, a~tetments, cond~~~ons aed covensntx ~o said prwn~ssory note and ~e th~. derd aet fwth. f~(~ten days nea~ a1~er (i 1 Tha~ any o( sa~d sums ul muney here~o ~eferted to be nut ptumptly and full) pa~d +~Ih~n the samt seveially becon+es Jue and paYabte,or eacA and every the s~~pul~t~ons, a~reemen~s, cond~l~ons aod covenants ot ss~d p~anis- so~Y note and tMs deed, ot e~the~, are not fully performed, caapl~ed ~r~th aed ae~ded by, ~he .a~d attreRate sum menuaned ?o ssid ~ praa~ssay note shall become due and paY~b~< <~~~~~~h a ~herea(ter •t the op~~i+n ot the ~1at~a~eq as fully and coinpletely as it Me , sa~d a~{retate sum o( said pom~c~wy note ras ori~~na11Y stipulated to be pa~d on sucA d~Y. a~yth~n~ ~o s~~d prom~ssory note or Aerc~n to Ihe conlnry not~ithstand~nE. • ) TAat ~n orde~ to accele~ate ihe matunty u( tAe indebtedness hereby ~ecwed, because of ~he fa~lure o( the A1«t`asa ~o p~Y ~~Y assessmenl, lub~l~ty, oblipt~on ~x rncumbrance upa~ sa~d p~ope~ty, as herem pro~•ided, ~t sAall not be necescary or repws~te thst the mwtp~ee shall hrst pay tAe same. 2. The ~lortgagee may, at his option. and without waiving his right to accelerate the indebtedness hereby i srcured and to [oreclose the same, pay either before or after delinquertc~ any or all of those cectain obligations ' required by the terms hereof to be paid by the Mortgagor for the protection of the mc~rtgaae security or for the col• i lection of the indebted~ess hereby secured. All sums so advanced ot paid by the Mortgagee shall be charged into th~ mortgage accou~t and become an integral part thereo[. subject in all respects to the terms, conditions, and covenants of the afaresaid promissory note. and this mortgage. as fuUy and to the same eatent 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 upoo its demand and be in addition ta thc regular monthly install- ments provided by the mortgage note. _ 3. That ~he abstract or abstracts of titlr covering the mortgaged property shall at all times. during the life af this mortgage, remain in possession of the Alortgagee and in event of tht foreclosure o[ this mortgage or other s trans[er of title to the mortgaged property in exlinguishment of the indebtedness secured hereby. all right, title and interett of the ~lortgagor-in and to any such abstracts o[ title shall pass to the purchaser or grantee. f 4. To the extent of the indebtedness of the Mortgagor to the Mortgagee described herein oc secared heteby, the \tortgagee is hereb~ subrogated to the lien or liens and to the rights of the owners and holders thereof of each ~ and every mortgage, lien or other incumbrance on the land described herein which is paid artd!or satisCed. in ' whole or in part, out of the procee~ls of the loan described herein or secured heteby, and the respective liens of ~ said mortgages, liens or other incumbrances, shall bc and the same and each of them hereby is preserved and shall ~ pass to and be held by the Mortgagee herein as security [or the indebtedness to the Mortgagee herein described ~ or hereby securzd, to the same extent that it would have been pteserved and would have been passcd to and been held by the !~Mrtgagee had it bee~ duly and regularly assigned, trans[ened, set over. and delivered unto the Mort- gagee by separate deed of assignment, ootwithstanding the fact that the same may be satisfied and cancelled of record, it being the ~ntention of the parties hereto that the same will be satisfied and cancelled of record by the holders thereof at or about thc time of the recording of this mottgage. 5. In the event the ownership oi the mortgaged premises, or any part ihereof. becomes vested in a person other than the ~lortgagor, the ~lortgagee may, without notice [o the Mortgagor. deal with such successor or suc- cessors in interest ~•ith reference to this deed and the debt hereby secured, in the same manner as with the hlort- gagor without in any way vitiating or dischatging the Mottgagor's liability hereunder or upon the debt hereby secured. No sate of the premises hereby mortgaged and no forbearance on the part of the Mortgagee. and no ex- tension of the time for the payment of the debt hereby secured given by ihe Mortgagee ahall operate to release, discharge. modiiy, change or affect the original liability of the Mortgagor h~rein either in whole or in part. 6. The lien uf this deed secures and shall continue to secure payment of said indebtedness or indebted- i ness. however evidenced, whether by said promissory note or any renewal or extension thereof or substitute there- ~ for, or othecvvise, until all such indebtedness shail have been fully paid. ~ 7. /n the evenr the mortgaga?s sel(, convey or t~ansje~ the mortgaged premises during the liJe of t1~is rr~o~t- qage, then this mortgage shall, at 1he option oj the Afortgagee herein, become inunediately due and payable Jor the jull sum of the principal balance and interest lhen due. . 8. The terms "Mortgagor" and "Mortgagee" whenevet used in this 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 the singular. and tho use of any gonder sha{I inctude all genders. Si ed, sealed d ~v re in the ese e of: ~~""'~t~~~ (Seal) ~~`77~~~ ~~e_.~ ,Et~.~ cs~au ~u_c, - g ~ ~ STATE OF FLORIDA I COUNTY OF'~~ j ss ST. LUCIE ~ _ Betore me ~ersonally ap~eared ~NRY HALL and MARY ALICE HALL,, his wife ~ to me well knovm and known to me to be the individuals described in and who executed the foregoing insuument, and acknowledged before me that ihey executed the same for the putposes therein expressed. WITNESS my hand ~ ~ ~ and official seal in the County and State last aforesaid this ZSt DSy of June, 197 ~t3 `~`~et"IIll~pt~~',,/, - _ ' ~ _ ~ • ~ ` • - June 30, 1975 Nocet ~,b~;~, scace or Flor~. ' e:'~~ <<~~ ~Ay Commission Expires: Y • ~ . ~ . ~ _ • , ~ ; - ~ T~- c~~DEp - : ; ;.-,;r-. ~_N . T ~ 7 . - FILED Ah0 QfN1Y F~~`- ~ - ~ st_~uc~c ~po iRr~s ~ ~ f- ~ : 84~ ~ _ itOGE R OUR1 9. c~ ~~EPK C~~c~U~~ ~ ~ ''~~~,J., • REGOR~~ YE~~. IE~ ~ s~ ~ 12 ~4e~'~ Q t~ ~g PAGE~~7~ ~ - .~_r_. _ r.. . . _ . . . _ _ ~ .