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Home My WebLink About0246 A Our ~ile~5-30,893 tM. m~~~t~aKe .r o~hr: ttansic~ uf ~~tle ~u ~he mort~a~ed ptope~~y in eaun~u~shment ol ~At ~ndeA~edntsa ~tcueed ~e~eny; •11 n~M, h~le and ~mere~~ ~h~ !?bN~ia~w ~~d any ~nautsnce pollc~e~ then m torce shall pasa lo ~Ae pu~chaser or fran~ee. ~ : (h) To perlam. .~PIY W~~A and asidt by e~ch and eve'ry tAe chpulsuons. a~reements. condN~on~ and covenaMs ~e sa~d pros~csmy nute and in ~Ai. derd ~e~ fatA. f~f~een dsys neat,after 1 7ha~ any uf sa~d sum.. ul muoey hrrem ro(e~~ed to be nut prump~l) and tully pa~d w•uA~n lhe s~me severally becanes Jue snd paYable.a ~f eacA a~d eve~y Iht supuUt~ons. a~~eemenls, c~uwi~ha?s s~+d covenants of sa~d pran~a- say note and th~s dced, or e~ther, are not fully per(o~med, cus0~~ed W~th and aD~ded by, ~he ~a~d a~ireta~c sum menuoned ~n s~~d : prwmyscxy note shall becomc due and pari~it (ath~~th cx thereatter at the opuan o[ ~he Mor~p~ee ai (ully and completelY as ~t tAe f caid a«rct~te swa o( sa~d pramiccorY note r~s w~~~n~11Y supulated to be paid on such drY. anyth~n~ ~n sa~d proen~ssory note a l+cre~n i to the ci+nuuy now•~~Asland~n{, ~ 1 That m order to ~cctluate 1he malu~~ty o( the ~ndebtedness hereby secured, bec~use o1 the (a~lure of the M«t~a~or u~ D~Y ~~Y ~a~• : ~~~~.~5~~~, ?~h~hty, obL{aUOn a? encumbrance upon sa~d prope~~y, as hcre~n ptov~ded, N shall not be necessary a reqwsue tha~ the ~ e ma~~atee shall f~r~~ paY tAe samc. ; 2. The ~iortgagee may, at his option, and without waiving his right to acctlerate the indebtedness hereby f secured and tu foreclose t6e samo, pay either be[ore or after delinquency any or all of those cectain obli`ations required by the terms hereof to be paid by the ~~artgagot for the protection of the mc~rtgase security or for the col• ~ Iectian of the indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be charged i~to the martgage account anJ become an ~ntegral part thereaf. subject in ail respects to /he tetms, conditions. and cuvenants of tfie aforesaid promissory note. and this mortgage, as fully and to the same extent as though a part of the origina{ indebtedness evidenced by said nate and secured by this mortgage, excepting howevet. that said sums shall be repa~d the [~lortgagee forthwith upon its demand and be in addition to the regular monthly install- ments provided by the mortaage note. 3. That the abstract or abstracts o[ title coverina the mortgaged property shafl at all times. during the life of this mortgage, remain in possession of the hlortgagee and in event of tha foreclosure oC this mortgage or other transier of title to the mortgaged property in extin6uishment of the indebtedness secured hereby. all tight. title and interest of the ~lortgagor in and to any such abstracts~ of title shall pass to_the purchaser or grantee. 4. To the extent of ~he indebtedness of the Mottgagor to the h1a[tgagee described hetein or secured hereby. the \lortgagee ~s hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each and every mortgage, lien or other incumbrance on the land described herein which is paid and'or satis[iad~ in whole or in part, out of the proceeds of the loan described herein or secured hereby. and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each o[ them hereby is preserved and shall pass to and t+e held by the Mortgagee herein as security for the indebtedness to the ;~lortgagee herein described or hereby ~ecured, to the same extent that it would have been preserved and would have been passed to and been held by thc !1lortgagee had it been duly and regularly assigned, transCerred, 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 record, it being the mtention of the parties hereto that the same will be satisfied and cancelled of record by the holders thereof at ot about the time of the tecording of this mottgage. 5. ln the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person ather than the \lortgagor, the ~lartgagee may, without ~otice to the Mottga6or. deal with such successot or suc- cessors in intetest K•ith reference to this deed and the debt hereby secured, in the same mannet as with the Mort- gagor without in any way vitiating ot discharging the Mortaagot's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no [orbearance on the part of the Mortgagee, and no ex- tension of the time Sor the payment of the debt hereby secoced given by the Mortgagee shall operate to release. discharge, modify, chan6e or affect the original liability of the Mortgagor herein either in whole or in part. 6. The lien o[ this c~ted secures and shall continue to secure payment o[ said indebtedness or indebted- ness, however evidenced, whether by said promissory note or any renewal or extension thereof or substitute there- i ~ot, or othetwise, unti! all such indebtedness shall have been Cully paid. ~ 7. In the event the mor~gagors seU, convey o? transJer the mo~tgaged p~ernises during tlie lije oj this mort- { RaRe• ~hen this mortgage shatl, at the option of the Alortgagee herein, 6ecorne inimediately due anc! pnyable Jor ~he Ju1l sum oJ fhe principal balance and interest then due. 8. The tenns "Mortgagor:' and "Mort~agee" whenevet used in this instrument shall include the heirs, personal representatives, successors and assigns of the respective parties hereto. VYherever used the singular number shall include the plural and th~ plural the singular, and the use of any gender shall include all genders. ~ T ~ / Si ed, seale nd i red i the presence of: ~ (Seal) ~ ~ ~ ""(SeaU_..~ ~ -y~ / 1,~~~~1/ ~ ~ ~ r~c-.t !r ( ~ STATE OF FLORIDA I ~ COUNTY OF~ j ss ST. LUCIE ~ geTore me personally appeared JOSIAH P. NE'WTON and RUTN NEWT0~1, his wife, to me well known and known to me to be the individuals described in and who executed the foregoing insuument, purposes there~n ex and acknowledged befote me that they executed the same Cor the pressed. WITNESS my hand ~ and official seal in the County and State last aforesaid this 10tt1 DSS1 of August, 197~F Y ~ ' ~~11:11;!:'I. . ~ ~ ~ ~I~J ' i : y iy V T • ~V~ ' - s * My Commission Expires: Jut1e 30. 1975 Notary Public, seace orFlorida St ~:.a= t - ~~i~~}";t~~ f= ~c~t~oE j,. - ~ i~l ~ ~ %~T: ~ ~ - ~ p ,,NO ~ N r f~' :y'•::~~ ~ - ~ F ~E „a~ ~91$ r~,-~.......t~ _ " ~ ta?s s~- 4o~c ~O~+oC~ •,,~,1~1y,,.~~~`~ a~C~~q vEF'41E = ~ 1~ 9~ aooK 232 Pnc~ 246 ; - ~ : ~ : ~~t ~ ~