HomeMy WebLinkAbout0933 Our File 5-30,~43 ,
ih~a mw~~aXe ~r .~Me. usn~ie~ u1 uile tu s!u mon~~~ted p~ope~t~ ~u e~un~u~aha~en~ u~ ~hc ~ndebuJnc.a .e. wcd Ac~en1. ~11 n~ha, u~le
,?ea1 murt~~ tAt \kyt~a~w ~a •ed to anY ~nsucsn:e poGc~es ~hen ~n tw:e aA~ll psas to tAe pwchau~ a~ran~ee.
lA) To P.~n~m. rw4p1Y and ae?dt by ucA iad everY We ~upulauons. speen~eets. cond~uona .nd co~er+~MS ~e ~a~d prus~~swy ;
nott amt ~n ~A~~ deed ~ti to~tA- j
l~1 TAat d aey a( s~~d suwz ot n+oney hert~e ~e(etted to be not proapUy ae~d tully pa~d +~thm (dteea Qays neat altsr ~
the sa~st sere~slly becoraes due aad paY~ble.a eacA snd erety tAt shpulauoas. ~tceewents, c.u~d~t~oea and coveasnts o( sad pow~s- ;
saY ~ote and ~h~s dced. a e~~Ae~. are no~ tu11Y P~r(awed. cua~pl~ed ~~N ae?d ss~ded bY, the ,a~o s~s~esa~e sms ~eem~oeied ~a s~~d :
pfOi~~lSO(Y AJIC shatl becaae due and paYsble [a~th~~tA a the~eatter ~t tAe opt~oa ot tAt Nott~a~et as (u11Y and coiapletelY ss ~t tAt ~
ss~d a«re~ate sua ot sa~A prau~ssaY nott ~rss a~s~na11Y supul~ted to be pa~d oa such drY. aay~~~6 u? s~~d pom~ssotY note a~ Atte~e !
to ~he conttary not~ruhsland~nR. t
t t psY sny taa. t
1 That ~n orde~ io accelet~te tAe o~atur~ty ot lhe ~ndebte0ntss Aereby secwe0. becsuse of tl?e (a~lure ot ~Ae Nat a o~ ~o ~
aue.~n~, lu~~l~ty. ubl~sauon e~r en.umbance upon sa~d p~oper~y. ss he~r~n prov~ded. u sAall not be atces.ary a reQu~sue ths? Uie ~
mw~js~ee sAali (ust paY ~:e sast. '
The ~lortgagee may, at his aption. and without waiv~ng his right to accelerate the indebtedness fiereby
srcured and to fo~eciuse the same, pay either be~ore ot after delinquency any or all of Ehcse certain obligations
r~quired by the terms hereof to be paid by the Alortgagor for the protection of the mc~rtgage security or for the col-
lection of the indebtedness hereby secured. All sums so advanced ot pa~d by the tilortgagee sfiall be charEed into .
the mortgage account anJ ~ecome an integral part thereof. subject in all respects to the terms, conditions, and i
covenants o~ the afaresaid prumisso[y note. and this mortgage, as fully and to the same extent as thouah a part t
t
of the original indebtedness evidenced by said note and secured by this mottgage. exceptin6 howevet. that said ~
sums shall be repaid the ~lortgagee [orthwith upon its demand and be in additeon to the regulaz monthly install- _
inents provided by the matgage note.
That the abstract or abstracts of title coverina the mortgased property shall at all timcs. duting ths li[e
of this rt~rtgage, remain in possession of the 111ortgagee a~d in event of the foreclosure o[ this mortga~e or other
transfer of titie to the rtx~rtgaged property in extinguishment of the indebtedness secuted hereby, all ri6ht. title ;
and interest of the ~lortgagot in and to any such ~abstracts of title shall pass to the purchaser or grantee. ~
4. To the eatent of the indebtedness of the Mortgagor to the AMrtgagee desccibed hetein or secured hereby, +
the ~iortgagee is hereby subro6ated to the lien or liens and to the rights of the owners and holders thereot of each :
and every mortgage, lien or other incumbrance on the land described hFrein which is paid and!or satisfied, in
whole a in part, out of the proceeds of the loan described herein or secured hereby. and the respective liens of ;
said moctgages, liens or other incumbrances_ shall be and the same and each of them heteby is presecved and shall ~
pass to and be held by the ~iortgagee herein as security tor the indebtedness to the Mortgagee herein desctibed ~
or hereby securrd, to the same extent that it would have been pteserved and would have been passcd to and hecn
held by the ~tortgagee had it been duly and regularly assigr_ed. transfened, set over. and delsvered uato the Mort• ~
gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of
record. it being t~?e ~ntention of the parties hereto that the same will be satisfied and cancelled of record by the
holders thereo! at ar about the time of the recordin6 of this mortgage. .
S. In the event the ownership of the morlga6ed pre~nises, or any patt thereof. becomes vested in a person
other than the !1lortgagor, the ~lortga~ee may, wit6out notice to the Moctgagor. deal with such successo[ or suc-
cessors in interest Nith reference to this deed and the debt hereby secured. in the same manner as vrith the Mort-
ga6or without in any way vitiating or discharging tht MortgaEor's liability hereunder or upon the debt hereby
secured. No sale of the premises hereby mortgaged and no fabeazance on the part of th~ Mortgagee* ar~d no ex-
tension af the time foi the payment of the debt hereby secuced given by the Mortga6ce ahali operate to release.
~ discharge. modify, chan~e or alfect the original liability of the Mortgagor herein either ~n whole or in part.
~ 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted-
~ ness. howevec evidtnced. whelher by said promissory note or any renewal or extension thereof or substitute there- _
for, or otherwise, until all such indebtedness shall have been tuily paid.
7. In the event the rnortgogors sell, convey or transJer the neortgaged pranises during tbe Iije oj this rno~t-
gage, then this ,nortgage sholl. at the option oJ tht Atortgagee herein. b~co~ne inunediately due and payable Jor the ~
jull swn oJ the pnncipa[ F,alance and interest then due. _
8. The temns "Mortgasoi ' and "Mortgagee" whenever used in this instrument shall include the heics. ~
personal representativas, successots and assigns o( the respective parties hereto. 1A?herevec used the singular i
number shali include the plural and the plural the singular. and the use of any 6ender shail inclode all genders. ~
;
Signed sealed a e~ d~ the esence of: ; f'V t~ «a~~
; ~.t../~~i~_- ~Seal)
, ~
~tuv ,
:
STATE OF FLORIDA ' ss
COUNTY OF ~ j
ST . LUCIE
Before me personally appeared HAROLD HUNTER and PATRICIA HUNTER, his wife,
to me well known and k~own to me to be the individuals described in and who executed the foregoing instrwneal.
and acknowledged before mc that they executed t6e same for the purposes there~n expr~ssed. WITNESS my hand ;
and official seal in the County and State last aforesaid this 20th Day Of .Tuly, 1974 ~,;,~,,,,~~.l,, _
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June 30, 1975 ~Votar Pub~~c, scace o~ Florida
~ly Commission Expires: Y _ ~ F' =
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Accr~`~ Z~Q~1 ~ B~JOK~.J1 PAGE 3JJ
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