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HomeMy WebLinkAbout1935 Our file 5-30,15(I. aotica thereoi by mail to the Mortg~ges ~nd the Mortg~gee may malce proot ot lose ii the ume is not ards promptly by tl?e Maiga~. in sveav o( fors clwuro ot this macg~gs or other trensix of titM W the mort~s~ed propertY ia eztinguishiosat ot ths indebtednas iscurod Mretry. dl rig1K. titk and iatare~t ot tlw Matg~or in wd W any insurana policiee thea in torce shall pass to the purcAa~s or [raates- Ihl To periorm. complY ~rith and ~bid~ Dy e~cA and e~ecy tAe stipulation~. a~roertwnts. cwoditia?s ~nd oovenwta ia said promiasory aot~ wd '?n tAis deed ~st twth. - 1i171~at it ~ny ot wd sua~+ ot monsy herein reterred w be not promptly and tully paid writhin Ktteen days ae:t atur tAe ~ame ~everally beeanes dos asd p~yaWe. or it e~ch and every ths atipulations. ~8reanent-+. corditaos and ooven~nts of said promi~sory note and tlu~ dsed. ar either. are aot tul~y performed. complied ~ritA and abided by. the said ag~reg~te sum meatiooed in said promisaory noce aRaA becoa~e due ud p~y~bls torthwith or tl~ereatter at the optaa ot tl?e Mortg~gee u(ully aad compietdy w it tl~e aaid aggrog~te sum ot said pronussay oote ru orisiwlly etipulated W be p~id oa wcl~ day. anything ia s~id pcomis~ory aote or 6ereia w the contrary notwit}utan~ng. 1117Lat in order w acceknte the maturity ot the indebcednees hereby secvred. beuux of ~be (ulure of tAe Mortgagor w pay my ta=. asssesmeut, liabili- tY. obligation ~ encum6raace upon said ProPertY. as Aerein pro~•ided. it shall not be rkces~ry or requisite tlut the mortgagee ~hall Cvst p~y ths a~me. 2. 'Phe Mortgagee may. at his optio~. and without waiving his right to accelerate the indebtedneas hereby secured and to foreclose the same, pey either before or after delinquency any or all of thoae cerLain obligationa required by the terms hereof to be paid by the Mortgagor for the protection of the mortgage security or for the collection of Lhe indebted- nesa hereby secured. AU sums so advanced or paid by the Mortgagee shall be charged into the mortgage aocouat and become an integral part thereof. subject in aU respects to the terms, conditions, and covenants of the aforesaid promis- sory note. and this mortgage, as fully and to the same eztent as though a part of the original indebtedneas evidenced by said note and secured by this mortgage. e:cepting however. that said sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regular montWy installments provided by the mortgage note. 3. That the abatract or abstracts of title covering the mortgaged property shall at all times. during the life of thia mortgage. remain in possession of the Mortgagee and in event of the foreclosw~e of this mortgage or other tranaf~ of title to the mortgaged property in e~ctinguishment of the indebiedness secnred hereby. ell right, title snd interest of the Mort- gagor in and to any such abstracts of title shall pass to the purchaser or grantee. 4. To the e:tent of the indebtedness of the Mortgag~or to the Mortgagee described herein or secured hereby. tbe Mortgagee is hereby submgated to the lien or liens and to the righta of the ownera aad hoWera thereof of each and every . mortgage. lien or other incumbrance on the land descr'bed herein which is paid and/or satisfied. in whole or in psrt, out of the proceeds of the loan de~cribed herein or secured hereby. and the respective liens of said mortgages. liens or other incumbrancea, shall be and the same and each of them hereby is preeerved and shall paas to and be held by the Mortgagee herein aa security for the indebtedness to the Mortgagee herein described or hereby aecured. to the eame eztent that it would have been preserved and would have beea passed to and been held by the Mortgagee had it been duly and regularly assigned, tranaferred. set over, and delivered unto the Mortgagee by aeparate deed of asaignn~ent. notwithstanding the faet that the satne may be satisfied and cancelled of record. it being the intention of the parties hereto that the same wrill be satisfied and cancelled of reoord by the holders thereof at or about the time of the recording of this mortgage. 5. In the eveat the ownership of the mortgeged premiees. or any part thereof. becomes veated in a person oth~ than the Mortgagor. the Mortgagee may, without notice to the Mortgagor. deal with such auoc~saor or sucoeseors in in- tereat with refesence to this deed and the debt hereby aecured. in the same manner aa with the Mortgagor without in any way vitiating or dixharging the Mortgagor'a liability hereunder or upon the debt hereby secured. No aele oi the premises hereby ibortgaged and no forbearance on the part of the Mortgagee, and no eztension of the time for Lhe payment of the debt hereby secured giv~ by the Mortgagee ahall operate to release, discharge, modify. chang~e or affect the original lia- bility of the Mortgagor herein either in whole or in part. 6. The lien of this deed secnres and shall continue to secure payment of said indebtedness or indebtednesa. however evidenced, whether by said promissory note or any renewal or eztension thereof or substitute therefor. or otherwise, ' unt~ all such indebtedness shell have been fully paid. ! 7. la the event the morigagors sel~ conuey or transfer the mortgaged preinises during the lije of this mortgage, I then this mongage shall. at the option of the Mortgagee herein, 6ecome immediately due and payable for the full sum of ~ the principal balance and interest then due. e S. T~ C@rIIl9 "Mortgagor" and "Mortgagee" whenever used in this instnunent shall include the heirs, per- sonal represeatatives. successors and assigns of the respective parties hereto. Wherever used the sing~ilar number shall include the plural and the plural the singular. and the use of any gender shall include all genders. g ~ a S' , sealed del' er n t presence of: _ ISeal1 -si,l/ i ~t~/~ ~ L STATE OF FLORIDA ss ~ COUNTY OF'~3~~ ~ ~ ST LUCIE $efore me personally appeared LINDA D. BARR, an unmarried woman, ~ to me well lmown and known to me to be the individual described in end who ezecuted the foregoing instrument, and ~ ackaowledged before me that they executed the same for the purposes therein ezpressed. WITNESS my hand and : ~ official seal in the County and State last aforesa:d this 25th Day of May, 1974 1 ~ ~ ~ ,~ue~rt,... ~ ~ t ~ . ~ June 30 , 1975 Notary Public, sc~ce ot Florida ' : ~ ~ My Commission Eapires: _ _ ~ ~ ~ : ~ ~ : v~ ' . ~ 7 ' r. ~ r ' - ~ - ~ f~.'';•~...,..^~.. BOOK ~~p PACE~e e ~ Yu _ ' - ' 3>'a,f- ny: _ _ ~ ~yy ,.y.~5.~ ~ ' ~ ~ °n ~ t a ; • ~ ~`~'rr : , _ _ _ . .