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Home My WebLink About2409 ~ • - Our File 5-30,601 ~A~~ mort~a~te w o~Ae~ tnnsle~ ut utlc w ~ht mottY~acd poper~y ~n eaun~wshmee~ u1 ~he ~ndc~~eJ~e+a ~e.wcd Acrcny. ~11 ~~rM, uile a~d ~nure.t ut tht Alw~p~w ~n .nd to any insurance pohc~es then ~n face shsll pass to Ihe purc~a~cr w rr~n~ee. (A) Ta perla m. aumplY W~~h and •bide by cacA and everY the su pulat~oes. a~reements, cond~h ons and corenantc ~n said prwni.sury . note ~nd in th~. derJ st~ (o~tA. . 1 That d sey ut aa~d sumc u[ mooey Aere~n re(erred to be not prompUY and fuUy na~d ~uh~n _ tdteeo days nert aUer the same seve~ally becanes dut and psYable.ot eatA snd evety tht supul~uoas. s~teemen~s, coml~t~a?s and eoveesn~s o( ss~d p~oaus. saY ~ote snA th~s decd. w e~~her. are not fu11Y p~rfa~d. compl~ed w~th and sb~ded by, ~Ae +a~J s«re~ate swa menuueed ~n s~~d . pran~sswy note shall becaoe due and psYable (or~h~~tA w therc~tte~ ~t the opt~oe ot the Non~a~ee ss (u~lY ~ompletely as d lhe sa~d attrepte suw of sa~d ptomiasaY note ~r~s on~~e~11Y supul~ted to be ps~d oe sucA d~Y. anytA~ns ~e said pom~ssay ~ote ot here~e to the conlrsry not~r~thslaod~n~t. V! That m order to accelerate the ma~un~y ot the ~ndebtedness hereby secured, becwse ot the (a~lu~e of tAe l~lorita~a ~o pay any ui, asse.sment, lubil~ty. nb~iia~~o~ ~x '^~~°'D~+nce upon sud property, as Aerc~n provided, ~t shsll not be necessary a reQu~sHt thst the mot~~a~ee shall fust pay the same. 2. The `tortgagee may. at his aption. and without waiving his tight to accelerate the indebtedness hereby secured and to foreclose the same, paY either before or after delinquency any or all af those certain obligatior?s required by the terms hereof to be paid by the Mortgagor for the protection of the mc~rtgage security or for the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be chacged into the mattgage account a~d become an integtal 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 patt o[ the oriainal indebtedness evidenced by said note and secured by this mortgage, excepti~g however. that said sums shali be repaid the Mottgagee forthwith upon its demand and be in addition to the re~ulac monthly install- ments provided by the mottgage note. . 3. That the abstract ar abstracts of title coverin6 the mortgaged ptoperty shall at all times. during the life of this mortgage, temain in possession of the Alortgagee and in event of the foreclosute o[ this mortgase or other transfer of title to the mortgaged property in extinsuishment ot tl~e indebtedness secured hereby. all riaht. titie and interest of the !Nuttgagor in and to any such abstracts of title shall pass to the purchaser ot srantee. 4. To the extent of the indebtedness of the Mortgagor to the Mortgagee described herein or secured heceby, the f?lottgagee is hereby subrogated to the lien or liens and to the rights of the ownets tnd 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 of the loan described herein or secured hereby, and the respective liens of said moctgages, tiens or other incumbrances, shall be and the same and each of them hereby is presetved 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 that it would hare been preserved and would have been passed to and been held by the tilortgagee had it been duly and regularly assignrd, transfened, set over. and delivered unto the Mort- gagee by separate deed of assignmcnt, notwithstanding the fact that the same may be satisfied and cancelled oF record, it being the ~ntention o( the parties hereto that the same will be satisfied and cancelled of record by the hotders thereof at or about the time of the recordi~g of this mottgage. 5. In the event the ownership of the mortgaged premises, or any part thereof. becomes vestcd in a person other than the tilortgagor, the \loctgagee may, without notice to the Mortgaaor, deal with such successot or suc- cessors in interest with reference to this deed and the debt hereby secured, in the same ma~ner as with the Mort- gagor without in any way vitiating or discharging the Mortgagoc's liability hereunder or upon the debt hereby secured. No sale of the ptemises hereby moctgag~d and no forbeuance on the part of the Mort6agee. and no ex- tension of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to release. discharge, rtwdify, change or a[fect the original liability of the Mortgaaor herein either.in whole or in part. 6. The lien of this deed secures and shall contioue to secure payment of said indebtedness or indebted- ~ ness, however evidenced, whether by said promissory note or any renewal or extension theYeo[ or substitute there- E for. or otherwise. until all such indebtedness shall have been fully paid. ~ 7. ln the event the n+ortgagors sell, convey or transJer the mortgoged pre?nises during the !i je oj this n~ort- ~ gage, then this mo~tgage shall, a~ the option oJ the Afortgagee hertin. become inunedintely due and payable jor the ~ Jull sum oJ the principal 6alance cuid interest then due. 8. The tenns "Mortga6or" and "Mortgagee" whenever used in this instrument shall include the heirs, pasonal represontatives, successors and assigns of the respective parties hereto. Wherever used the singular • number shall include the plural and the plural the singular. and the use ot any gender shall include all genders. Si~ied,~se d and del' r in the presence of: (SeaD v ~ ea STATE OF FLO IDA I COUN~ OFg ss ST. LUCIE ee(ore me personalty apaared STANLEY G. HOFF~IN at~d EDNA M. HOFFMAN, his wife to me well known and known to me to be the individuals desctibed in and who executed the fore6oing insuument. ~ and acknowledged before me that they executed the same for the purposes there~n expressed. WITNESS my hand ~ and official seal in the County and State last aforesaid this 27th day of July, 1974. ~ . : ,~~~~,,,~,:~~~,,,,~~~j yr ~ . ~ ) ~ : • - ~ 1975 - . . _ ~ly Commission Expires: Julle 30, Notary Public. tate of Florida ~ _ ° ~,~:;~E~ ,F~~'"rr"'~~ - a/t • ~'~y = FtiIEC • -,;~~jY F~R~ ~9183 _ ,?~Di~ 'y - SS. t1l ~ - _ n AS : : • . ` R ti 1R~ f' ''',,~~?b ;a: rr^ , aK~.~a 0 R AUG 03 BOOK~O PA~2408 ~ ; , x.:~.. ~s-' ~`w':~.~ "'ry ~ -r~r '~`i ~ _ s _ ~ ~r . ~ .~3