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Home My WebLink About1457 Our File 5-30,796 th~. a~wt~ase ~y otAer l~ansie~ ut u11e tu ~hc mwt~~~cd popeily m eaunswshmen~ ol 1Ae ~ndeAttdncas aecwed Ae~eby, •11 ~~~M, uUe ana ~Metex~ u( IAe \t.vi~asw ~o am1 to srty ~nswsnce pol~c~ec then ~n (wce sAall psss to ~Ae pwchase~ oc ~ran~ee. (A) Tu ptf~~M1p. c.rsPly +~tA am1 •~~dt by tacR am1 every ~At at~pulal~ons. a~rteaeets. coe~d~ua?s and coveoam: ~n ca~d pru~w~sswf ~o~e anJ in tA~. decd .et iath. li1 ?hat ~t ~nY ~•a~d suss ul awneY h~rt~n re(ertcd to be not pruap~ly and t~lly p~~d ~~~Mn hftten dsys nexl s(1et tAe same sevtrally br~omes due aed D+Yable.or i( eacA snd eve~y tAe st~pul~uoas. s~reements. conA~~~ons and coveeants of sa~d prow~s- saY uuotc and th~s deed. a e~tAe~, are not (u11Y O~r(waed~ cabplted wntA and ab~ded by. IAe .a~d akrt~s~e sw~ meauoned m sa~d prac*~sswy nute shs11 becose due ~~e w~~~ei~ torth~~tA iv tAere~fter •t the op~~oa of tAe Nwt~s~ee ss (ully and canpletelY as ~f ~At a~id s«reple sus at sa~d proini~csor) note rras an~~na11Y shpulated to be pnd on sucA daY. anyth~n~ ~a sud prom~ssory aott o~ here~n ~o Ihe conlruy not~i~Asumf~nR. 1 That ~e arder to accele~ate the matun~y ot tAt indestedness Aereby cecaed, becawe ut t~e ta~lure ot tAe N«t~a~o~ to paY a~Y as~easisent. I~abJ~~y. obl~pt~on M rncumMance upon sud qoper~Y, as here~n prov~dcd~ ~t shall not be oecessary a ~eQu~sne that U?e ~ mwtss~ee shall (uc~ pay the ssse. 2. The \brtgagee may, at his option. and without waiving his right to accelecate the indebted~ess hereby r secured a~xi to foreclose the same, pay eithsr before a~ after delinqueacy any or all of those ce~tain obligations 4 required by the terms hereof to be paid by the !Nort6agor foc the protectioo of the mo~tgaae security or for the col- : lection of the ind~btedness hereby secured. All sums so advanced or paid by the '1lortgasee shall be charged into ~ the mo~tgage account anJ t+ecome an integeal part thereof, subject in all respects to the tetms, conditions, and i covenants of th~ aforesaid promissory notr. and this mortga~e. as Iully and to the same extent as thoush a part r of the -original indebtedness evidenced by said oote and secured by this mortgage. excepting however. that said sums shall be repaid the ~lortgagee forthwith upon its demand and be in addition to the regulsr monthly install- . ments provided by the mortgage note. 3. That the abstract or abstracts of title coverina the mortgaged property shall at all times. during the li[e ; of this mcxtgage, remain in possession of the AtortEagee and in event of the foreclosure of this mortgage or other transfec of title to the mortgaged property in extin6uishment of the indebtedness secured hereby. all right. title and interest of the \lurtgagcx in and to a~y such abstracts of title shall pass to the purchaser or srantee. 4. To the tatent of the indebtedness of the Mortgagot to the Mortgaaee described herein or secuted heceby, the lllortgagee is nereby subtogated to the lien or liens and to the rights ot the owners and holders theteof of each and every mortgage, licn or other incumbrance on the land describe~i herein which is paid and!or satisfied. in whole or 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 ot them heteby is preserved and shall pass to and be held by the Mortgagee hereio as security for the indebtedness to the Mortgagee herein desctibed or hereby secured, to the same exte~t that it would have been presetved and would have been passed to and be~n held by the '~tortgagee had it been duly and regularly assigned. transfened. set over. and delivered u~to the Mat- gag~~ by seFarate deed of assignment. notwithstanding the fact ihat the same may be satisfied and cancelled oi record. it being the ~ntention of the parties hereto that tt~e same will ba satisfied and cancelled of record by the holders thereof at or about the time ot the recording of this mort6age. - 5. In the event the ownership of the mortgased ptzmises. ot a~y part thereof. becomes vested in a persan ather than the \lortgagor, the ~1ort6agee may, without notice to the Mottsagor, deal with such successor or suc- cessors in interest Kith reference to this deed and the debt heceby secured. in the same mannec as with the Mort- _ gagor without in any way vitiating or dischargina the Mortgaaor's liability hareunder or upon the debt hereby secured. No sale of the premises hereby mortgaaed and no forbearance on the patt of the Mortgagee. and no ex- tension of the time for the payment of the debt h~teby secured given by the Nortgagee shall operate to release. ~I discharge. modify, change or affect the onginal liabifity oi the Mortga6or herein either in whole or in part. ~ 6. The lien of this deed secutes and shall continue to secure payment of said indebtedness ar indebted- ~ ncss, however evidenced. whether by said promissory note or any renewal or extension thereof or substitute there- ; for, or otherwise, until all such indebtedness shall have been fully paid. ; 7. M the e?•ent [he mortgagors sell. convey or transJer the mortgaged prernises du?ing ~he lije aj this mort- ` gage. then this ~no~tgage sholl. a~ the option oj the Alortgagee herein, become inunediately due and payable Jor the Jull swn ol the p?incipal balance and interest then due. 8. The tenns "Mortgagoi ' and "1Aortgagee" wh_enevet used in this instrutr?ent shall include the heirs. personal representatives, successors ar~d assigns of the respective parties hereto. Wherever used the singular number shall include thc plural and the plural the singular, and the us~ of any gender shall include all genders. . Sig d. seaie d deli ed ~ e presence ot: (Seal) ' . ? l~ D ~ ~~~~x,f~e'aq f _t H-~J ~"'~6! c s-YL , , ~ ~ STATE OF FLORIDA I ~ COUNTY OF~ ~ ~S , ST. LUCIE ~ Be(ore me personally appeared HERBERT WILLIAMS atld DEBOF~H A., WILLIAMS~ his wife~ ; io me well knovm and known ta me to be the individuals described in and who executed the foregoing instnunent, and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand and official seal in the County and State last afot~said this 24th Day of August, 1974 1 : . ; ~ :,,~~~,~r,,, - : . ~1y Commission Expires: Jut1e 30 1975 Notary Public, State of Florida~ I ~ - :r ~ ~ ~ ; ~Np iIEC~ROE~ V ~~n . ~1r-l o ; ~ •'pj ' i~~E~~jCIE PQ1~j~~ ~ 2~v61.~ ! ~ ` ~ ~Efl C 1 ' " 't S ciEl~ ~gif,EO X.. t , . 1tEC01?~ Vf . ~c 3 ~Z iS~~1~ E~~~~~ "rAGE1~JV ~ - - - - - . _ _ ~ ~ - - z 7 r ~ . _ y