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Home My WebLink About0873 . Our File 5-30,487 tA~s ma~~a~te w whrr transfr~ o( ~iUe W the mo~t~a~ed poperty ~n eat~n~u~shmenl ul ~he ~ndepttdness ~ecu~e~1 AtuQy, all n~h~, utlc and ~nte~ext o( the Mw~~s~w in and to sny msurance polic~es ~hen m fwce xMll pass l0 1he purcAaser a~r~n~ec. (h) To Pt(~MT, CWIIPIY WIIA and ab~de by tach and every ~he suputaUOns, a~reements, cond~~~oes snd co~enants ~n sa~d prwn~csury note snd in lh~~ ~1eed ~et fortA. hflcen days ncal sf~er l~) TAat ~t any ot sa~d sumc ot eaney here~n ~etened to be no~ praup~ly and (u11Y Oaid ~~~h~n the same seve~ally becomss due and paY~~le,a ~f each aod ere~y tAe st~pul~uoas, +t«ements, cund~t~oas and covtn~nts ot sa~d p~aua- sorY note and tA~s deed, ot e~tAer, are not (ully perforiaed. coa~Pl?ed w~tA and ab~ded by, ~he ~a~d sstre=a~e sum a~ent~oncd m sa~d prom~sso~y note shall becase due and DaY~b~< <a~v~tA a iAareaRer •t the opuon ot the Matp~ee as fully and completely aa if the s~~d a~~ti~te su- of said pomixcaY ~ote +rss or~~~na11Y stipul~ted to be pa~A on such d~Y. anY~in~ ~n s~~d prom~ssaY note a huu~ IO IA! C0111(~ry nu~~r~~iui~.u:.u~. . ? That ~n orde~ to accelus~e ~he aytur~ty of tAe indebtedness heresy secueed, bec~use of the (a~lure o( ~he Ma~ta~a ~o p~y any . assessment. lub~l~~Y• ~~~s~~~a^ a encue~brance upon s~id property, ss here~e provided, ~t shall not be aecessary a reQu~s~~e tAst the mwtsa~ee sAall l~rYt psY ~e saae. 2. The ~iortgagee may, at his option, and without waiving his right to accelerate the indebtedness hereby secured and tu foreclose the same, pay either be[ore or a[ter delinquency a~y or all oi those cettain obli`ations required by the terms hereof to be paid by the Mortgaaor for the protection of the mortgage security or [ot the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the Martgagee shali be charged into the mortgage account anJ become an integral part thereot. subject in all respects to the terms. conditions. and covenants of the afaresaid promissory note, and this mottgage, as fully and to the same extent as thoush a part of the original indebtedness evidenced by said note and secured by this mortgage, excepting howevet. that said sums shall be repaid the Mortgagee forthwith upo~ its demand and be in addition to the regular monthly install- ments provided by the mortgage note. 3.~ That the abstract or abstracts of title covering the mortgaged property shall at all times. durins the life of this mortgage, remain in possession of the Alottgagee and in event of the forcclosure of this mortgage ot othet : t S= '~a~ca~~,nr~ g__._~~f1 trl4f~?. ell [Il~l, !~l~4 - Uans[er of titie to the mortgaged ~3roperty in Cx~inguisnmcni v. i~.~ . and interest of the ;~lortgagor in and to any such absttacts of title shall pass to the purchaser or g~antee. 4. To the extent o[ the indebtedness of the Mottgagot to the Mottgagee described hecein or secuted heteby. the Mortgagee is 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 satis[ied, in whole or in part, out of the procecds of the loan described herein ot secured hereby, aad the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each of them hereby ia pteserved 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 ihat it would have been pteserved and would have been passed to aad been held by the ~lortgagee had it been duly and regularly assigned. Uansferted, set over, snd delivered unto the Mort- gagee by separate deed of assignment. notwithstanding the fact that the same may be satisfied and cancelled of record. it being the intention of the patties hereto that the same wili be satisfied and cancelled of cecord by the holders thereo[ at or about the time of the recording ot this mottgaga 5. In the event the ownership of the mortgaged ptemises, or any part thereot, becomes vested i~ a person other than the hlortgagor, the ~lortgagee may, without notice to the Mortgagor. deal with such successor or suc- cessors in interest with reference to this deed and the debt hereby secured. in the same manner as with the Mort- gagor without in any way vitiating or dischatging the Mortgagor's liability hereunder or upon the debt heteby secured. No sale o[ the premises hereby rtwrtgaged and no forbearance on the patt of the Mortsa6ee, and no es- tension of the time for the payment of the debt hereby secured aive~ by the Mortgagee_ shall opetate to release. ; discharge. modify, changc or a[fect the original liability of the Mortgasor herein either in whole or in put. ; 6. The lien of this deed secures and shall continue to secure payment of said indebtedness ot indebted- j ness, however evidenced. whether by said promissoty note or any renewal or extension thereof or substitute there- ' for, or otherwise, until all such indebtedness shall have been [ully paid. s 7. /n the event the mortgagors sell, convey or transjer the inortgaged premises during the lije oJ this rnort- ~ gage, then this mortgage sha[l. at the option oj the Afortgagee herein, beco?ne immediately due and payabte for the jul! sum oJ the principal balance und interes~ then due. . 8. The tertns "Mortgaaor" and "Mortgagee" whenever used in this insttument shall include the heirs, personal representatives, successors and assigns of the respective parties hereto. Whetever used the singular number shatl include the plural and the plural the singular, and thy usV~nY Sender shai incl e all genders. (~t!-~ y~ ~ (Seal) Sign , sealed 'vec i e presence of: ~ 1 _(Seal) { _ ~~/.?~fi~~~ d • Q~~ ~Seai) S l~r_.~ ~~i~.., ~ ~Se81.~ v" STATE OF FLORIDA ss COUNTY OF~41E WILLIAM A. ROLLE and CATHERINE ROLLE, his wife, ST. LUCIE also MAXINE L. ROLLE, an unmarried woman; also ~ Before me personally appearcd NELSON E. ROLLE, an unmarried m8i1. to me well known and known to me to be the individuals described in and who executed the foregoing insuwnent. and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hsnd ~ and official seal in the County and State last aforesaid this 20tt1 D8y Of Jtlly, 1974 ~ 1~_ ~ ~'L'o;= ~ ~ _ - ~ June 30 1975 Notary Public, State of Florids e , ^Y: . ~+1y Commission Expires: ~ . • ,kc~~D pp r~/ - .:i ''x~G;: ~ f i~EC • _ . . . ST IUGt~ LUUMtI ~ ~C7v~J I '~~~nein~nn~`~~ i RL~-- : ~.t"R?S ~ Ea~; CO~RT RF~ !i ~ ~ ,lw, 3p It ~4 AH'T'~ o R ~ sooK 230 paGE 873 . :y _ _ : .Y_' " _ _ . ~ _=?~E~, . _ _ ,