HomeMy WebLinkAbout1919 Our File 5-30,283
t~~~ m.utK~~r .M i~~hr~ uart.lc~ ut t~tle w the mot~Ka~rd popei~) ~n e~un~wahmcnt ut ~hc ~ndtbteJne~~ ~t.wrd heten>. all nEhl. h~le _
•m1 ~nterc.t ul tAe ~I~a~{ai~ :n ~n~1 ~u ~nv ~n~wanc~ pul~c~c. ~hen ~n (.u.c aAall pass ~o ~Ae pu~.Aasc~ .N `r~e~ee.
(hl Tu pru.rm. ..~mpl~ ~~th •nd aA~Je A~ cach an.t everY ~Ae at~pul~~~uec, a~reame~~s. cood~h.x~. .+~d co~e~~ntr ~n .r~d p~~~~.~or~
nole am) ~n ~A~. derJ .r~ lurth.
(~heen days ne~~ ~Iter
? That d any u( .a~d .wn. ol mwne) hcre~n re(errrd tu be nol prueep~ly ~M1 (ully Da~d ~ ~~A~n ,
tAe same ~ere~ally Me«wnes due and paYaAlt.~K d ea:~ and ere~~ ~Ae c~~pulaun~a. a~~cement., .~~nJ~non. are ~ e` swn me~uoned ~~sud
saY note ~M1 th~s Jecd. ~u e~~her, are not tu11Y D~r(otmed, c.~epl~cd v~t~ and sb~ded by, tAe .a~~ a~t t
pt.wn~xso~y n.He shall become due am1 pa)able fortA~~M ~w the~eaftet al tAe ophon of the \tai~s~ee as tullY and completelY as d the ;
.a~d a«tetate swa o( sa~d p~om~c.iuy no~e rras or~~mall> ~upulated ta be paid on such dry. anyth~n~ ~e sa~J pom~swry note or here~n ~
w ~he ri+eua~> n..t~~tAs~and~nR.
That m cwder to ~ccele~ale th'r ma?unty u( the ~ndebtedness hereDy .eawed, Aeiause o( ~hc (a~lure of tAe \kw!~~~.u u. pay any ~a?,
~s.e.sn?ent, I~~b~hty. ubl~~at~un ~x .n.umbrance u~n sa~d p~~{+etty. as he~e~n pr..vided. u shall not be ee.ec.sry ~ requ~s~te tha~ ihe
maKt~~tee sAall fu.~ paY the ~amc.
2. The \Mrtgagte may, at h~s opUon, and without wa~ving his right to acceltrate the indebted~ess hereby
.c~ured anJ tu foreclose the .ame, pay either beforc or after deGnquency any or all of those cettain obligations
required by tht terms hzreo~ to he paid by the \lottgagot for the protection uf the mortgage security or fot the coi-
le~tii~~ ~~f the inciebtednesc he~eby securtd. All ~ums so advanced or pa~d by the \lortgagte shall be char6ed in:o
thr m~~rtgage account and become an integral part thereof, sub~ect in ail respects to the term., conditions, and
covrnants oG tht a(orasa~d ptomissory note, and th~s mortgage, as fully and to the same eat~nt as though a part
~~f tht orig~nel ~ndebtedness evidenced by said note and secuted by this mortgage, excepting how•evet, that said
sums shall be repaid the \lartgagee forthwith upon its demand and be ~n addition to tht regular monthly install-
ments pravided by the mottgage note.
3. That the abstract or abstracts of title covering the mortgaged property shatl al a!! times, during the (ife
of this mortgage, temain in ~w~.ession of the \lortgagee and in e~ent of the foreclosute of this martgage or other
transfer of title to the mortgaged propetty in extinsuishment of the indebtedness secured hereby, all tight, title
and interest of the ~lortgagor irt and to any such abstracts o( title shall pass to ti~e purchaser or grantee.
y. To tha extent of the indebtedness ot the !Nortgagor to the ~lortgagee described herein or secured hereby.
the ~tortgagee ~s hereb~• subrogated to the lien or liens and to the rights of the ow~ners and holders thereof of each
and every mortgage, lien or othet incumbrance on the land described herein which is paid and•'or satisfied. in
whole or in part, cwt of the proceeds of the loan described herein or secured hereby, and the respective liens of
said mortgages, lieos or other ~ncumbrances, shall be a~d the same and each of them heteby is presetved and shall
pass to and l+e hetd b> the \lortgagee herein as secutity tor the indebtedaess to the \lortgage~ herein described
or h~reby »curtd, to the same zxtent that it w~ould have been presetved and would have been passed to and been
held by the ~k~rtgagee had ~t been duly and regularly assigned, transfened. set over. and delivered unto the Mort-
gagee b~ separatt deed of assignment, notM•ithstanding the fact that the same m~y 'ae satisfied a~d cancelled of
record, it bemg the ~ntenuon .~f the parties hercto that the same will be satisfied and cancelled of record by the
holdets thercof at ~~r about the ume ~~f the recardina of this martgage.
5. In the event the ow~nership of the mortgaged premises, or any patt thereof, becomes vested in a person
other than the ~kirtgagor, the ~lortgagee may, without notice to the ~lortgagor. deal with such successot or suc-
cessors in interest N~th reference to this deed and the debt hereby secured, in the same manner as with the ~1ort-
gagor without in an~~ K•ay v~tiating or discharging the \lortgagor's liability hereunder or upon the debt heteby
secur~d. No sale ~~f the-premises hereby mortgaged and no forbeatance on the part of the hbrtgagee. and no ex-
tension of thr time for the payment of the debt heteby secured given by thc \lortgagee shall operate to release,
discharge, modify, change or af[ect the original liability of the ~lortgagot hereen either in whole or in part.
6. The lien of this deed secures and shall continue to secute payment o[ said indebtedness or indebted-
ness, however evidenced, whe~her by said ptomissory note or any renewal or extension thereoC or substitute there-
! for, or othcrwise, until all such indebtedness shall have been fully paid.
~ 7. In the e~•enl the morlRagors sell, convey or transjer the mortgaged premises du?ireg ~.`te liJe oj this mo~t-
~ Ra~e, then this mortRage shall. ar the option oJ the ~IortQagee herein, 6ecome immediately due and payable Jor the
~i lull sum oJ the p?incipal balance and interest lhen due.
E R. The terms "Alortgagor" and "~lottgagee" whenever used in this instrument shall include the heirs,
f ~ersenal representatives, successors and assigns of the respective parties heretu. whetever used the singular
~ ncmber shall include the plurai and the plutal the singular, and the use of any gender shall include all genders.
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S~gned sealed and ive ~n e p ser.ce of: ~ r (Seal)
' (Seal)
~~/y ! ,
L~-~-K~~ / / = -~-rc-- a ~C-i
STATE OF FLORIDA I /
COUNTY OF llXa@C ~ ~S
ST. LUCIE
Before me personally appeared MARY A. EDDY, an unmarried WOmat1,
to mP well knawn and known to ma to be the individuals described in and who executed ths [oregoing insvument,
and acknowledged htfore me that they zxecuted the same for the purposes there~n expressed. W;TNESS my hans~ .
~ and oFf~cial seal in the County and State last aforesaid this 15th Day of June, 1974 ,l,
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~ly Comm~ssion Exp~res: Jt1lle 3O, 1975 Notary Public. State Florida-$t7 ~ -
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