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Home My WebLink About2596 Our file 5-30,367 tA~~ TWl~7~f ~r .~~Acr uan~tc~ u( utlc tu tht mo~~Ra~cd pope~q m eiun~wshmen~ ut ~Ae ~ndtA~eJnc~a ~tawrd hercAy, •11 ri~A~, htlt anJ ~n~ero~~ ~.t tAe \1w~~~~a ~n •ru1 ~o an~ ~nswame pul~c~ec ~hee ~n (wce.shsll pass to ~At purcA~~er w siamee. (A) To pe~~.~m. •.~Plf ~~~A an~) ab~de by each a~d every tAe sUpulat~ms. a~reement:. co~d~hon. and co~en~ni~c ~n ~~~d ptum~~sury no~e and ~n iA~. de~J .r~ Iiu~A. 1 Thal d any aI ~a~d swn. ut mooc)' ha~t~e ~e(erttd tu be nut ptwnp~lY am1 fu11Y Oa~, ~~~hm (dleen daYs neat a(te~ ~Ae san+e se~erally be.omes due arnf paYaAle..x ~f eacA and every the st~puUua?s. a~rcemcnts, :uewl~u.x~. and co~e~un~s o( sa~d pwn~s- ap) nott aeat ~h~a deed. w euher. are not (u11Y D~r[wmed. c~repl~ed +uA and ap~ded by, the .a~J ar<<e~a~e cum menu~nrd ~e sa~d pryn~ss.wy nate shall ~ec.rae due amt pav~~ic (atA.~tA cr ~he~ea(ter at tAe opuon of the N~xtEa~ee as fuU~ •nd com~+leteiY as the sa~d a«te~~te swa oI sa~d puxa~c.ixy no~e vvac w~~~na11Y supulated to ~e pa~d m such daY. a~y~~n~ ~n sa~d pan~s~orY note a here~n to ~he ronuary not~~thstand~nE. p 1 That ~n ivde~ tu ~ccelc~ate the mawn~y ot the ~nJeDtedness hereby cecuted, because u( the [s~lure o( O+e ~latp~.x tu DaY ~~Y ~sse.smeM, I~~~~I~U. ~~bl~~auon ~x rncumbr~nce upon sa~d_p~ope~ty. as Ae~c~n Fro.~ded. ei sh..ll no~ be ne.escary w rcaws~te tha~ the m.xi~s~ee shall (~nt pay tht same. 2. Tha \lottgagee may, at his opt~on, and without waivina h~s r~ght to accelerate the indebtedness hereby ~c~ureJ and to foreclusr the xame. pay either befote ot after delinquency any ot all af ihose cenain obligations requited by the tetms htreof to be paid~by the ~lortaagor for the ptotection of the mc~rtgage security or for the col- lection of the indebtedness hereby secuted. All cum~ so advanceJ ot paid by the `1c~rtgagee shall be chatged into thz mortgage account and btc~me an ~ntegral part thereof. subject in sU respects to the terms, conditions, and cuvenants of_ the a(oresaid pram~ssoc~ nate, and this mortgagc. as fully and to the same extent as though a part ~~f the original indebted~ess evidenced by said note and secured by this mortgage, excepting however, that said .ums shall be repaid the \lortgagee fotthwith upon its demand at~d be ~n addition to the tegular monthly install- mznts providcd by the mortgage note. 3. That the abstract or abstracts of title cove~in6 the mortaagtd propetty shall at all times, duting the li[e uf this mc~rtgage, remain in {+ns+tssion of the \lottgagee and in c~ ~nt uf the foreclosure of this mottgage ot other transfer af utle to the mortgaged property in extinsuishme~t ot ~ndebtedness secured hereby. all right, title and interest of ttie ~iottgagor in and to any such absttacts of ti: s; shall pass to the purchaser or grantee. To the extent of the indebtedness of the Mottgasor to the !1lottgagee describtd herein or secured hereby. th~ \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 and.'or satisfied. in whole or in part, out of the praceeds o[ the loan described herein or secured hereby. and the respective liens of said mortgages, lieos or other ~ncumbrances, shall be and the same and each of :hem hereby is presetved and shall pass to anJ be held by the ~~ortgagee herein as security fot the indebtedness to the hlortgagee herein desctibed or hereby ~ecurtd, to the same extertt that it w~ould have been p~eserved and would have been passed to and been held by the ~Mrtgagee had it been duly and regularly assign~d, transferred. set over. and delivered unto the Mort- gagee by separate deed uf ass~gnment, notv?•ithstanding the fact that the same may be satisfied and cancelled of record, it be~ng the ~ntention of the parties hereto that the same will be satisfied and cancelled of record by thc holders thzreof at or about the t~me of the recordina of ti~is mortgage. ~ 5. In the event the ownership of the moctgaged premises, ot any patt thereof, becomes vested in a petson other than the ~lortgagor, the \lottgagee may, without notice to the Mortgagor. deal with such successot or suc- cessors in interest Nith reference to this deed and the debt hereby secured. in tha same manner as with the ~4ort- gago~ without in an~• way vitiating or dischargin~t the Moctgagor's liability heteunder or upon the debt hereby sccured. No sale of the premises hereby mortgaged and no [otbearance on the part of the hbrtgagee. and no ex- tension of the time for the payment of the debt hereby secured given by the ~lortgagee shall operate to release, i discharge, modi[y, change or affect the original IiabiGty of the Mortga~at herein either in whole ur in part. ~ 6. The lien of this deed secutes and shall continue to secure payment of said indebtedness or indeb~ed- ~ ness, howcver evidenced, whether by said promissory note or any tenewal or extension thereof or ~ubstitute thete- ~ for, or otherKise, until all such indebtedness shall have been fully paid. E 7_ !n the P~•ent the morlgago?s sell, convey or t~ansJer the mortgaged prernises during [he IiJe oJ this mort- Qage, then this moregnge sha/!, at the op~ion oj_the AlortRvgee herein, becorne immediately due and payable Jor ~he full su?n oJ the pr~ncipa! bolance and interest then due. 8. The tenns "Mortgagor" and "'.Nottgagee" whenevet used in thic instrument shall include the heirs, perconal representatives, successors and assigns of the respective parties hereto. Wherever used the singular number shall include the plural and the plural the s~ngulat, and the use of any gender shall include all genders. Sig d, sealed i r in t e e e o• ~~Z%'~~ ~ (SeaU . =~-~'uU • ~ iL(,L eaU / • J • . f ~ ' ir : ~ . ~ J / I - ' ~ ~I' c 4. G ~ ' _ . < i 1 STATE OF FLORIDA I COIJT~TY OF ~ ~ ~s ST. LUCIE Be[ore me personally appeared TEAI1KA DAWSEY and GEORGIA LEE DAWSEY, his wife ~ ta me well know•n and known to me to be the individuals desctibed in and who executed the (otegoing instrument, ~ and acknowledged before me that thcy executed the same [or the purposes therein expressed. WITNE~S S my hand and off~cial seal in the Count~ and State last aforesaid this 3rd Day Of JLll}1~ 1974 ..,~~~:Nillucf,~;~ - . i. ' . . '1 ? r. ~ . - . ' i~~ ' t •i" ~ ~ . • , t; `ty Comm~ssion Expires: Ju[le 30, 1375 Notaty Public, State of Florida;at: • _ • r' _ _ ; ~ ' : `f _ . • ~ r?n~+~.c~riFi~ : : =r ;s - g~~`~f~s`~ ~ aAS t ~ ~,~A~ ; ~ ap ~ r:~~R /i/'#0 . ClE'•~ '~C_ :c= BOOK~9 PAGE~S~ ~w, l~ 1~ 03 - - - - ~ _ ~ - ~ - - ~ ~ .x_ ~ ~ w x . , -