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Home My WebLink About0876 . ~ + Our File 5-30,485 iA~s mwt~a~e ~K o~Aer uanafe~ ol utle w ~he mw~as~ed pope~ty m eaun~u~s~meM of 1Re ~nde~tedness secu~ed he~cby, ~II n~h~, Utlt ~ am1 ~ntere~t al the Ata~~si~ ~n and ~o any insw~nce polic~ea ~Ate in (ace sA~ll pass to ~he purcA~ser a panue. (A) Tu per(evm. c~mply +nth and •b~de by e~cA s~d every tAe supul~t~ons. ~~retmeets, ca~d~l~ans and coren~nts m sa~d prum~ssory nots snd in th~. deed se~ (wth. (~(Ieen days neat a(ur (i1 That ~t any of ~sid swns ot ewneY Aere~n ~eferred to be not promptly snd (ully paid ~~IA~n iAe saiee seve~ally beca~es due and paY~ble.a if each and evety t~e supulaua?s. aireements, cond~~ions •nd coven~nts o! sa~d ptaw~s- spy note and tAis beed, or eitAer, ue not (ully pertorwed. coAplied +nth snd abided by. the sa~d ak~ep~e awe menuoeed ?n said praa~ssay nu~e sl+all become due and paYable fatAr~tA or ~here~tte~ a~ tAe option ot tbe Mort~asee ~s fullr snd canpletel; as il the et said erooixaaY eole ~r~s oni~nslly atipul~ted, to be paid oe sucA d~Y. snytA~n~ ~a s~id ptaaissory aote or herc~n to ~he conuary not~r~tAs~andinR. V ~ Tha~ ~o order to acceleratt the matunty of tAe indestedeess AereAy secured. because o( the (s~lu~e o( ~he Mortjs~cx ~o paY anY ~az. asse`sa~ent, I~aellity, opl~~ation ix rncue+brsnee upon said propcrty. as here~n provided. it sAatl not be eecesaary a tepu~s~te tha~ tAe mor~satee shaU (~rst paY ~e ssme. 2. The ~lortgagee may, at his option. and without waiving his ri~ht to acceletate the indebtedness hereby secured and to forecluse the same, pay either be[ore or a~ter delioquency any or all ot those certain oblisatio~s required by the tetms hereot to be paid by the Mortgagot fo~ the ptotection of the mc~rtgage security or foc the col- lection of the indebtedness hereby securcd. All sums so advenced ot paid by the Mottgagee shall be charaed into the mortgage account anJ become an inte6ral part theteof. subject in all respects to the terms. conditions. and covenants of the a[oresaid promissoty ~ote, and this mc~rt~ase, as fully and to the same eatent as thoufh a part ot the origi~al indebtedness evidenced by said note and secured by this mottgage. exceptina however. that said sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regulu monthly install- ~ me~ts provided by the matgage note._ 3. That the abstract or absuacts of titla coverins the mortgaged ptoperty shall at all times~ duting the li[e ~r ....~•~e~°e- r~m~in in ~ssession of the Alortgagee and in event o[ the foreclosure of this mortgage or other --=o-o • transfer of titte to the mortgaged propetty in eatin~uishment of the indebtedness secured hereby. aii tigni. iiiie and interest of the Nurtgagor in and to any such abstracts of title shall~ pass to the putchaser or Srantee. To the extent of the indebtedness o[ the Mortgagor to the Mortgagee described herein or secured hereby. the ~lortgagec is hereby subro6ated to the lien or liens and to the rights of the owners and holders thereof of each and every mortgage, lien or other irtetunbrance on the land desctibed herein which is paid and/or satisCed, in whofe ot in part, out of the proceeds of the loan described herein ot secured hereby, and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each of them hereby is preserved snd shall ~ pass to and be held by the A~ortgagee herein as security for the indebtedness to the Mortgagee hesein described ot hereby secured, to the same eatent that it would have been preserved and would have been passed to and been held by the AMrtgagee had it been duly and ~regularly assigned, transfened, set over. and deliveted unto the Mort- ~ gagee by separate deed of assignment. notwithstanding the fact that the same may be satisfied and cancelled of recocd, it being the intention of the parties hereto that the ~ame will be satisfied and cancelled of record by the holders thereof at or about the time of the recording o[ this mortgage. 5. ln the event the ownership o[ the mortgaged premises, ot any patt thereof. becomes vested in a pecson ~ other than the Alortgagor, the Mortgagee may, without notice to the Mortaaaot. desl with such successor or suc- 's cessors in interest with teference to this deed and the debt hereby secured, in the same manner as with the Mott- gasor without in any way vitiating or discharging the Mort6agor's liability hereander or upon the debt hereby secured. No sale of the premises hereby mortgaged and no [ocbearance on the patt of the Mortga6ee. and no ea- I tension o[ the time for the payment of the debt hereby secoted given by the Mottgagee shall operate to rclease, ' discharge, modify. change or affect the original lisbility of the !Nortgagor herein either in whole or in patt. 6. The tien ot this deed secures and shall continue to secure payment of said indebtedness ot indebted- ness. however evidenced. whether by said promissory note or any renewal or extension thereof or substitute there- I ~ for, or otherwise, until all such indebtedness shali have been tully paid. 7. In the event the mortgagors sell, convey or transjer the mortgnged premises during ~he lije of rhis inort- gage, th~n this n~orlgage shalf, at the oplion oj the Mo~lgagee he~ein. become immediQtely due and paya6le jor the jull swn of the principat balonce ond interest then due. . ~ 8. The- terms "Mortgagor" and "Mortgagee" whcnever used in this instrument shall include the heirs, personal representatives, successors and assigns of the respective pazties hereto. Wherever used the singular number shall include the plural and the plural the singular, and the use of any gender shall include all genders. ~ i~~ Sign . sea{ed an eli ed n e presence of: (Sea!) (Seap , ~J i' ~ . "~~J/~t.rCE c/~~;~. c~%~cc . . ~ ' STATE OF FLORIDA I COUNTY OF~ ~ ss - ST. LUCIE WILLIAM BAXTER III, an unmarried man, - Before me personally appeared • ~ to me well known and known to me to be the indivi~aal~described in and who executed the foreaoins instrument, 3 ~ and acknowledged before me that they executed the same for the purposes therein expcessed. WITNESS my han ~ and official seal in the County and State last aforesaid this 3ra nay of July, 1974 ' _ , - - ~ ~ - ~ qN~t:tFt~U~U~f' ^~;'s ~ ! ~ . I N ~4~~ , i~ , ~ `y. , . .o.: , ~ ` ^ • •t• ~ ~ ~+fy Commission Expires: June 30, 1975 Notary Public, State of Florid3rA$: ~ :.j' ~P . • r+ • F: r 1 • - ~ .L•: : • • i~r_ ~ _ • ~ . _ • S'. DEO ; t~ • . ~ ~,E~JY F~~• . ;t_:'-..~*~ ~ ~ ..~i--r~e`i. s St `V~,;[ :..,•a, ~.~LC,4S ~158 ~ F~~` .'i' r F.Oti' ~~•)\j j~_ •~ii~~ft:, r s, C`EaK ' .s c^ , - x ~fi t ~ PE~~ 1' ~~~1a O R Q _ ~ ~ 3O y8 BOOK ~,JU PAGE Q7V J~~ - ~ - - - _ _ _ _ - . . ' 4 _ .•1~.un