The URL can be used to link to this page

Home My WebLink About1563 ` File 5-30,047 ~A~. m~xtpRr ~w ~uAer uanslt~ o( t~tle tu tht mwtsa~ed pto{+erty m caun~wsAment ut ~Ae ~ndebtedness ~ecwed herebY, •U n~A~, t~Ue anJ ~mercst ot the \1u~~psur ~n ~nd to any ~nswance pul~c~es ~Aen in torce shsll pass to ~At pu~chsser ix ~nn~ee. (hl To pc~fam. cumply ~~tA snd ab~de by cach and evcry the shpulauuns. aiteements, cond~UOns and coveeants ~n sa~d prom~asory ~ole and in ~h~. deed sN fwth. (i) Thal ~f a~y o( +a~d sumc ui money Aerem ~eferrrd to be not promptlY and (uliy pa~d rilh~n (~iteen days ntat atter the same seve~ally becomes Jue and psYaAle,ix ~t each and erery the st~pul~t~ons, a~reements, c~~nd~i~unc and covenants ot sa~d pran~s- saY note and th~x deed. a euAer. arc not fully pertaened. awnpl~ed ~r~t1~ snd ab~ded bv. ~he .a~d akrepte swn menucu+ed m sa~d prwn~ssay nute shall becaoe dur am1 DaYaDle torth~~th a tAa?eafter at tAe optian ot the \1or~Es~et as fully and compie~ely as the sud s~~retatt swa ot sa~d promiccory note was or~~?nally st~pulated to be ps~d on sucA d~y, aM'~~n~ m sa~d pran~ssory oote or here~n ~ to the comnry no~~~ihstand~nR. ~ r / That ~a ader ~o accelerate the mawn~y ol tAe ~ndeEtedness he~eby secwed, Decause u( thc ta~lure o( ~Ae Mat~a~a ~o paY iny ~a~, as.ess~eent, hab:li~y. ~b~~~~~~a^ ~^~umbrsnce upon sud prnperty, as herein prov~ded, a shall not be ne~es~a~y a reQu~s~te that the ma~tsa~te shall firct paY tAe same. 2. The \lottgagee may, at his option, and without v~aiving his right to accelerate the indebtedness hereby sacured and to forecluse thz same, pay either before or after delinquency any or all af those certain obligations required by the terms hereof to be paid by the :1lortgaga~ for the protection of the rrx~rtgage security or for the col- lection of the indebtedness he~eby secuted. All sums so advanced or paid b~ the !~Mrtgagee shall be charged into the murtgage account anJ become an integral part thereof. sub~ect in all respects to the terms, cooditions, and covenants of the aforesaid promissory ~ote. and this mortgagc. as fully and to the same extent as thouEh a part ~f the original indebtedness evidenced by said nate and secured by this mo~tgage. excepting however. that said sums shall be repaid the Alortgagee forthwith upo~ its demand and be in addition to the regular monthly install- ments provided by the mottgage aote. 3. That the abstract or abstracts of titte covering the mortgaged property shall at atl times. during the life of this mortgage, remain in possession of the Alortgagee and in event of the foreclosure of this mortgage or other transfer of title to the mortgaged property in extinguishment oi the indebtedness secured hereby, all right. title and interest of the 1~1~rtgagor in and to any such abstracts of title shall pasa to the purchaser or grantee. ~1. To the extent of the indebtedness of the Mortgagor to the ;Nortgagee described herein or secured hereby, the ~lortgagee ~s hereby 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 and!or satisfied, in whole or in part, out of the proceeds of the laan described herein ot secured hereby, and the respective liens of said mortgages, liens or other incum~rances, shall be and the same and each of them fiereby 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 same extent that it would have been preserved and would have been passed to and been held by the Vortgagee had it been duly and regularly assigned. transfened, set over. and delivered unto the Mort- gagee by separate deed of assignment, notwithstanding the (act 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 o[ record by the holders thereof at or about the t~me of the recording of this mortgage. 5. In the event ~he ownership of the mortgaged preEnises, ot any part thereof. becomes vested in a pcrson other than the ~lortgagor, the ~lortgagee may. wi?hout notice to the Mortgagor. deal with such successor or suc- cessors in interest with roference to this deed and the debt heteby secured, in tht sama manner as with the Mort- gagor without in any vray vitiating or discharging the ~lottgagor's liability hereunder or upon the debt hereby i secured. No sale of the premises hereby mortgaged and no forbearance on the part of the Mortgagee. and no ex- tension ot the time for the payment of the debt hereby secuted giv~n by the Mortgagee shall operate to release. I discharge. modi[y, change or affect the original liability of the Mortgagoc herein either in whole or in part. ; 6. The lien of this deed s~cures and shall continue to secuce payment of said indebtedness or indebted- I ness, however evidenced, whether by said promissory note or ~~rq~e~ab~te~i~lr~id~b~Mrt*~l s ~ for, or otherwise, until all such indebtedness shall have been t 1 033 06 ! ~ d~ ~ ~ 7. In the event the rnorlgngors se/l, convey or transjer e mor gage p?enu es nng _g o t~its rt 1 ,qaRe, then this mortgage shall, ar the option oj the Afortgagee ii~~~6ei~~ ~E$Cd~ef~~dE~Asd~a~lp , t~~ jutl surn oj lhe principal balance and interest then due. ~~r~pp~Ytf ~e by- t110f't$2~e! 1N1~0[ ~ 8. The terms "Mortgagor" and "Nortgagee" wheneve used S i s ~~mse~nt shall include the heirs. ~ personal representatives, successors and assigns of the res~r~p~s~~~~~~herevec used the singular • number shall include the plural and the plural the s~ngular. and the use of any gender shall include all genders. ~ ~.f ~ ~i ~`C.t~..~~-C (Seal) Sig d, sealed ve d~ e p sence of: (Seal) y~,, t m~ t , .~tt~' ~/ii_ i STATE OF FLORIDA I COUNTY OF ~ ss T. LUCIE ~ ~ d ~-L,p~E , formerly ~ HE~RY C}AUSEY an kc~owti fogrS~ m~~~~y ~~~~N, a so ormerl~ known as ;s to me well ~Cnown an nown to me to be the individuals descti ed in and who executed the foregoing instrument, and acknowledged befote me that they executed the same for the purposes there~n expressed. WITNESS my hand ' and official seal in the County and State last aforesaid this Qth DSy Of MS}?~ 1 : ~,i;• tt~c:lt:i~l~~,. ~ ^ • ' '~~ii~ : . - ~ a7 ' - ~1y Commission Expires: Jut1e 30, 1975 Notary Public, State of Flor~d8 8 ~ 1 _:az;.; r-: ~ -.5.~,,..- " u~ ' f ' ? ~ r''. px Q ~ : t' 4Ep ti~-MT'f ~~1?• ~ =~6 `c-t.~ ~ ~ RG ~EF ~ ~l~ ti u~t ~~0 , ' ;f~ v~ ~~'~.~~y~ _ C`~~K C`.1~.:.~ B ~ ~ y'' i . . RECG''. Mc,.:i{E ~ i• ~ . ~~~w ~a _ _t~ ,~;11 ~ ~ ?.28 ; ~ 4 - - - - ° ¢ ' ~ ~ ~ a.._~ ~ _ h, ~~-._4_~. , . _ . _