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Home My WebLink About2194 Our File 5-30,590 th~c en~~r~~a~te ~w u~hr~ uan~ici ot utlr w tnt TOflj~~c~I p(i~iitty ~n caun~ussh~r.tnt u~ ~Ae ~n,yeMedne~. .t.wrd Ac~cny. ~Il uih~, ~~tlt rnd ~n~e~est u( ~he Na~t~a~o~ ~n ~nd to anY ~nswsnce pul~c~cs ~hen m fwce ~~all pa~s ~o ~Ae purch~.cr u~ ~r~mee. (hl To ptUwm. aumplY W~th and ab~dt p) tach a~d everY the supulauons, asreemenu, tond~t~on~ •nd coven~n~s ~n .a~d p~wn~~aory note ~M1 ~n ih~. decd .et (ortA. f~f~een ~aYs ne~t a(~c~ 1 Tha~ d anY u( ~a~d sums ul money herein re(erred tu be nul ptomptly arul (ullY pa~d ~~~h~~ ~hc ssme severally becomes Jue snd paYaAle.a ~f eacA and eve~y the si~pula~~ons. a~~eement~. cond~~~w+. and covcn~n~s o( sa~d praa~s• say note and ~~~s decd, or euhe~, are not futly pertaiaed, cwnD~~ed w~th and a~ideA by, ~he .a~d a~ares~~e swa n+entioned in sa~d ~xamss«y note sAall become due and DaY+ble (a~hr~th a Ihe~ea(~er at tAe op~ion o( ihe Nort~a~ee as tully and compleuly as ~f ~he sa~d a{~re~a~e sum of said prom~sswY ~ote ~rss a~~~ns11Y s~~Dul~ted to be pa~d an sucA daY, anytAm~ ~o s~~d pa~usso~y note a here~n to Ihe contrary notr~tAsund~nR. 1 That ~n ordu to accele~a~e ~~e matur~~y of ~he ~ndebtedness hereby ~ecwed, because ol the (ailure ot ~he Moc~~a~or ~o D~Y ~~Y asse~sment, I~ab~1~~Y. ~~~i~~~~^ rncumbrance upon sud properly, ss he~e~n p~avided, shall oot De neces~ary a roQu~s~te that the mw~~atee shal! t~rct pay the samt. 2. The \lortgagee may, at his opt~on, and without wa~ving his right to accelerate the indebtedness hereby secured and a~ forectose thz aame, pay either before or aRer delinquency any or all of those certain obiigations required by the terms hereof to be paid by the '.1lortgagar for the protectio~ of the mcirtgage security or for the col- lection of the indebtedness hereby secured. Ail sums so advanced or paid by~ the !~lortgagee shali be charged into the mortgage arcount anJ become an integtai patt there~f, subject in ali respects to the terms, conditions, and cavenants of the aforesaid pr~~m~ssory note. and this mortgage. as fully and to the same extent as though a_part of the ariginal indebtedness evidenced by said note and secured by this mottgage, excepting howevet, that said sums shall be repaid the 111ortgagee forthwith upon its demand and be in addition to the regular monthly install- ments provided by the mortgage ~ote. 3. That the abstract or abstracts of title covering the martgaged property shall at all times, during the liie ef this rrrc~rtgage, remain in possession of the !1lortgagee and in event o[ the foreclosure of ihis mortgase oc other transfer of title to the mortgaged property in extinguishment oi the indebtedness secured hereby. aii rigfii. titie and interest of the ~lortgagar in and to any such abstracts of title shall pass to the purchaser or grantee. 4. To the extent of the ~ndebtedness of the Mortgagot to the !4lortgagee described herein ot secured hereby, the Alortgagee is he~ebp subrogated to the lien ot liens and to the rights of the owners and hoiders theteo( 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 prc+ceeds of the loan described herein ot secured hereby, and the tespective liens of sard mortgages, liens ar other iacumbrances, shall be and the same and each of them hereby is preserved and shall pass to and he held by the Mortgageo herein as security for the indebtedness to the Mortgagee herein described or heteby seeured, to the same extent tha! it would have been preserved and would have been passed to sed been held by the '~lortgagee had it been duly and regularly assigned, transfetted, set over. and 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 ~ntention of the parties hereto that the same will be satisfied and cancelled of record by the holders thereo[ at or about the time of the recording oi this mortgage. 5. In the event the ownership of the mortgaged premises, or any part thereof. becomes vested ia a person ......e~e... rti~ ~~...~oa4ee mav. without notice to the Mottgagor. deal with such successor or suc- VU~4i a\ia~~ ~a~~ ..wa•0~8.-.• ._•..__v. o cessors in interest N~ith reference to this deed and the debt hereby secured. in the same manner as with the Mort- ga6or without in any way vit~ating or discharging the Mortgagor's liability hereunder oc upon the debt hereby secured. No sale o[ the premises hereby mortgaged and no [orbeatance on the part of the Mottgagee. and no ex- tension of the time for the payment of the debt hereby secwed given by the Mortgagee shall operate to release. discharge, modi[y. change or a[fect the original liability of the Mortgagor hereih either in whol~ or in part. 6. The lien of this deed secures and shall continue to secure payment o[ said indebtedness or indebted- I ness, however evidenced, whether by said promissory note or any renewal or extension thereof or substitul~ thera ~ for, or othetwise, until all such indebtedness shali have been fully paid. ~ T. In the evert~ the mo~tgagors setl, convey or t~ansfer rhe mortgoged pre~nises during the lije oj this niort- gage, then this mo~tgage shall, at the option oj the Alorlgagee herein, 6ecome inunediately due and pnya6le Jo~ the ~ Jul! sum oj the p?incipal bniance and in~erest then due. ~ 8. The tenns "Mortgagor" and "Mortgagee" whenever used in this instrument shali include the heics, ~ personal representativ~~, successors and assigns of the~respective parties hereto. Wherever used the singular number shall include the plural and the plurat the singular. and the use of any gender shail include all genders. ~ ' Sig~e . sealcd a eli ed the sence of: (Seal) ~ 'k C ~t-~-~ ~Seaq , ~t L,~ • ~ -d A ~ " - STATE OF FLORIDA COUNTY OF QI~C ( ss ~ S~. LUCIE ~ ~ efore me personally appeared HERBERT BAILEY and SADIE BAILEY ~ his wife ~ ~ to me well known and known to me to be the individuals described in and who executed the foregoing instrument. and acknowledged before me that they executed the same for the purposes there~n expressed. WITNESS my hand and officia! seai in the County and State last aforesaid this 25th Day Of .Tu~.y~ 1974 ~ `~~~~~ucy~i},~u~i~~~~~ . ~ ~ Y'?~~• ~~i 1: ~ June 30, 1975 Notary Public, scace or Florida ti1y Commission Expires: _ ~ ' ~ , t ~j f ~f p l~, - . : ; o ~ ~y :~Q = ~ = , ~ ~.c+s ~ ~r~'•. ~ ~ : •y : t . ~,~'~Qj =?s ~ S . ` ~ C , ,t~ ' 1j d ~ . . - ~,~a 2~~~s~ ,,,,,,~„~,~t. . c.t _ 3 ~ , ~ ~3 `,1 °ocK~ ~E~.~ A g ~ - . _ _ ~ ~ ~ ~ D = ~ ~ w~-~~~ ~ y~°~.a,~~ ~``~3 ~5' I f . -...Y-.~~ ~~S-..~ ~ d~ _ . ~.~.,~3-a~~~~.r_...m...-~-.~. . ~ . . R_ .sF: