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Home My WebLink About0837 ~ ~ Our File 5-30,874 ~ ; ~h~a mu~t~aRa ~K ~,~At~ uans(t~ o( utlt tu the mat~{a~e0 p«p«~y ~n e~un~wsha~enl ut tAe ~ndebudness aecwcd he~et+y, all i~sA~, uUt a~wf ~nts~es~ oi the Alatsa~w ~n and to anY ~nsw~nc~ Pulie~es ~hee ~n (ace sh~ll pass to the pu~chau~ or ~ramee. (A) To pe~(a~u. cumP~Y With and ab~de sy eacA a~+d every tAe supulat~ons. •~reements. cond~hons a~d covenan~s ~n sa~d prwn~ssory note aed in th~s daeJ set (ath. - t~fteen days ne~t attet l~ 1 TAa~ sny o( sa~d sumx ut moneY here~n ~efened to De oot pranPtly and fully pa~d +~tMn - lhe san~c sever~ily becanea due aod paYsblt.or i( exl? ~ed erery Iht tupul~UOes. ~tteements• tAe ~a Js u t~u suie menuonta ~~~~a ~fdned. cum lied vr~d+ and ~e~0ed bY. ~ saY no~e and th~s deed. or either, are eot. fu11Y P~ o pom~ssaY note shall become due and paYable tortA+~tl~ w tAereal~er at tl+e opt~on ot tAe Noit~~tee ss fully and comple~ely ss ~t tAe sa~d a~~e~a~e sue o( said p~omi~saY aote was or~~~n+llr ~upula~ed ~o be pa~d on such dsY. anytAm~ ~n asid pan~ssorY note or here~n i ta ~he conlrary notvi~hstand~nE. i t ) Thst ~n ordt~ to ac~l, ~a 1~ M~ eumMance upoe sa~d pt pe~ Y bssshete~n ~~a~a, tt hsllanotr be n ceauary a requ~s,t that` Ae asseas~aent, I~ab~li~Y, t mata~~et shall fust pay tht sae~e• 2. The ~iottgagee may, at his option. and without waiving his right to accelerate the indebtedness he~eby szcured and to (orecluse the same, pay either defott ot after delinque~cy any or ali of those cectain obligations required by the terms hereof to be paid by the NottEagor for the protection of the mc~rtgaae secucity or for the col- lection. of the in~ebtedness 6ereby secured. All sums so advanced or paid by the 4lortgagee shall be chacEed into the mortgage account anJ become an inte~ral part thereof. subject in all respects to the terms, conditions. and covenants of the aforesaid promissory note. and this mortgage, as iully and to the same extent as though a part of the o~i~inal indebtedness evide ec for hw th u npneit demandeand be in aagao~'to the e~ulac monthly n`st Id sums shall be repa~d the Mortgage Po ~ ments provided by the mortgage note. ~ 3. That the abstract or absuacts of title coverina the mortgaged property shail at all times. during the life of this mortgage, remain in possession o[ the \lottaaaee and in event~of the foreclosute of this mortgage or other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all ciaht. title and interest of the Mortgagor in and to any such abstracts of title shall pass to the purcfiaser or grantee. i 4. To the extent of the indebtedness oi the Mortga~or to the Moctgagee desctibed herein or secuted hereby. ; the ;1lortgagee is hereb~ subrogated to tAe tien or liens and to the rights of the ownets and holders theteof of each • and every mortgage, lien or other incumbrance on the land described herein which is paid andfor satisfied. in whole or in part, out of the proceeds of the loan described herein ot secuted hereby, and the respective liens of said mortgages.liens or other incumbrances,shall be and the same and each of them hereby is preserved and shall pass to and be held by the Mortgagee herein as security for the indebtedness to the Mortgagee herein described i or hereby secured, to the same eatent that i~ would have been preserved and would have been passed to and been held by ~he !1lortgagee had it been duly and re6ularly assigned. transferted. set over. and delivered unto the Mort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satis[ied and cancelled of record, it being the intention af the patties hereto that the same will be satisfied and cancclled o[ record by the holders thereof at or about the time o[ the recordin6 ot this mortgage. - 5. ln the event the ownership o[ the mortgsged premises. or any part thereof. becanes vested in a person other than the \lortgagor, thc \lortgagee may, without notice to the Mortgagor. deal with such successor or suc- cessors in interest w~ith reference to this deed and the debt hereby secured. in the same manner as with the Mort- - gagor without in any way vitiating or dischar6ing the Mottgagor's liability hercunder ot upon the debt hereby . secured. No sale of the premises hereby rtwrtEaBed and no [orbearance on the part of the Mortgagee, and no ex- tension of the time for the payment of the debt heteby secnted 6iven by the Mortga6ee shatl opetate to release. dischacge, modify. change or affect the oriainal liability of the Mortgagor herein either in whole or in part. 6. The lien uf this deed secures and shall continue to secure payment of said indcbtedness or indebted- ness, however evidenced, whether by said prornissory note or any renewal or extension thereof or substitute there- I~ tor. or otherwise, until all such indebtedness shall have been fully paid. ! 7. In the event the morlgago?s sell. convey or transfer the mortgaged pre~nises during the Iije oj this ?nort- E gnRe. then this mor~gnge shall, ar the option oJ the Afortgagee he~ein. becorne irnmediately due and paynble for the Jull swn oJ the principal 6alance and interesl then due. . 8. The tertns "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs. personal representatives. successors and assigns of the respective parties hereto. Wherever used the singular number shall incfude the plural and the plural the singular, and the use of any gender shall include all genders. Sig ed, sealed d vere i e presence of= (Seal) ~ il~~ i ~ ! !-r a (Seal) ti STATE OF FLORiDA I COUNTY OF~C ~ ss ST . LUCIE BeCore me personally appesred WILI,I~1M R. PETERSON attd MILDRED PETERSON ~ h~s wi e~ to me well known and known to me to be the individuats described in and who executed the fore6oing insvument, and acknowledged before me that they ezecuted the same [or the purposes therein expressed. WITNESS my hand ~ and official seal in the County and State last aforesaid this Stli Dc'~~1 of September, 1974 ~ ~ • .:t 'J~,. •;1' 1'1 `~QI`,,. ~ ; r~s . - ~ June 30, 1975 Notar Public, sca or F r ~ - Ny Commission Expires: Y _ : ~ : . _ - ` v. . ~ FILEO AN4 ~EC~~I~L~, - ~ : ; gt. WC~E C9UN . ; r' : ROG~R POITPA~ "'ti - : • c3 , - CIERK CI3CUIT CODRT r!' ~ RECAR(1 ~E~If IFO..~~. . - ? t: ~ - s PN'1 . $tr 15 !2 z o R ~~~0 BOUK ~c z PACE 8~7 -x,~ v. . - - ~ _ . s~, , ~ ~v ~ . -sa ~ S ' a , . ..~:-~~~~Y._ . • w .y_~ .