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Home My WebLink About1963 , - Our File 5-31,004 ~h~c mar~~aRr .r .~~Arr uansfe~ ul ulle to the mat~a~ed prupei~y ~n eaun~wshmenl u1 lhe ~nde~tednesa ~ecwed he~ebY. ali n~h~. htlt anA ~~~e~es1 0( ~he \1ori~a~w ~o ~nd to soY ~nswancr polic~es ~hen ~n (ace sAall pas~ to IAe purchsser or ~~antet. thl Tu perfirm. c~wnply ~r~~h and aD~de by eacA aad every Me sl~pulauons. a~reements. condA~ons and corenanls m sr~d p~o~u~csory oote and ~o ~M~ deed .e~ f«th. ' i htteen da s ne~t at~er ~ l~l Tha1 any of sa~d sum.c o( enuneY here~n ~e(enrd Io be not p~omplly and (u11Y Paid ~~~h~n Y ~ ~he samt seve~aliy becomea Jue and paYaAle.or ~f escA aed every tht st~pulat~oe~s. s~reementc, cond~~~o~s and eovenants ot sa~d pran~s. say no~e and th~s deed, a e~~her, ~re not fully perforaed, cwnpl~e0 ruh and abided by, the +~~d aR~re{a~e swn menuoned ~n sa~d ptaa~ssorY note shall became due aed DaY~ble forth~~th a the~eatter •t tAe opuon ot the Nat~a~ee as fully and completely as if Ihe ~ .a~d ~«reja~e suai o( said prom~c~aY note ~as a~s~nally supulated ta De pa~d on sucA d~Y, anYNin~ said prom~ssoty note or here~n to the coauuy not~uAs~and~nE. ~ 1 That ~n order ta accelerste the rtutur~ty o( the ~ndebtedness Aeresy cecwed, because o! the (s~lure o( IAe \io~~~a~or ~o pay any tax, as.ccs~e~ent, IiaD~l~ty, nbl~iscion nr rn.umbrance upon sa~d property, ss Aerem prorided, shalt not be necessary ar reQu~si~e tha~ ~he ~ nwri~s{te shall f~rc~ paY the ~ame. 2. The \lortgagee may, at his option, and without wa~vin~ his riaht to accelerete the indebtedness hereby ~ secured a~xi tu foreclose the same, pay either before or after delinquency any nt all af those certain obli~atio~s required by the terms hereo[ to be paid by the Mottgagor for the protectio~ of the mc~rtga~e security ot for the col- It~tion of the indebtedness he~eby secured. All sums so advanced ot paid by the Nortgagee shall be charaed i~to the mortgage account anJ become an integral part thereof, subject in all respects to the terms. conditions, and i covenants oi the afor~said pramissory note. and this mortgaae. as fully and to the same extent as thouah a part ~ af the original indebtedness evidenced by said note and secured by this mottgage. exceptins however, that said ~ sums shall be rcpa~d the ~lortgagee fotthwith upon its demand and be in addition to the cegulat monthly install- ~ ments providzd by the moctgage note. s 3. That the abstract or absuacts of title coverin~ the mortgaged propetty shall at all times. durin6 the life { ~~f this mortgage, remain in possession of thc hlortgagee artd in event of the ioreclosure of this mortgage or other ~ transfer of ti~le to the mortgaged property in extin`uishment of the indebtedness secuted hereby, all ri6ht, title and interect of the \iurtgagor in and to any snch abstracts of title shall pass to the purchaser or arantee. 4. To the extent of the indebtedness of the Mortgagot to the Mott6agee described hecein or secured hereby, the hlortgagee is hereb> subrogated to the lien or liens and to tho riahts of the owners and holders theteof of each and every mortgage,~ lien or other i~cumbrance on the Iand described herein which is paid andlor satis[ied, in : whole or in part, out of the proceeds of the loan described herein or secured her~by. and the respective liees of ~ said mortgages, liens or other incumbrances, shall be and the same and each of them hereby is preserved and shall pass to and t+e held by the Mortgagee herein as security for 1he indebtedness to the Mottgagee herein described or hereby secured, to the same extcnt that it would have been preserved and would have been passed to and been held by the !1k~rtgagee had it been duly and regulatly assigned, tranafened, set over, and delivered unto the Moct- gagee by separate deed of assignment. notwithstanding the fact that the same may be satisfied and cancelled of record, it being the intention o[ the parties hereto that the same will be satisfied and cancelled o[ record by the holdets thereof at or about the time of the recording of this mortgage. - 5. !n the event the ownership of the mortgaged premises, oc any part thereof. becomes vested in a person other than the !14ortgagor. the tilortga6ee may, without notice to the Mortgagoc. deal with such successor or suc- ~ cessors in intecest M~ith re[erence to this deed and the debt hereby secured, in the same manner ss with the Mort- ~ gagor without in any way vitiating or dischargin6 the Mottgasot's liability hereunder ot upon the debt heteby secured. No sale of the premises hereby mor~gaged and no fotbeacance on the part of the lNortga~ee, and no ex- _ tension of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to release, discharge. modi[y, change or affect the original liability of the Mortga6ot herein either in whole or in past. ~ ~ 6. The lien of this deed secuces and shall continue to secute payment of said indebtedness or indebted- ; ness. however evidenced, whether by said promissory note or any renewal or e:tension thereof or substitute there- ~ for, or otherw~se, until ail such indebtedness shall have been fully paid. ~ 7. /n ~he even~ the mortgagors sell, convey or transJer the morlgaged premises during lhe IiJe oJ this mo?t- RaRe. ~hen this mo~tgage shail, a~ the option oJ the Afortgagee herein, beco?ne immediate/y due and pnyable jo? the jull sum oj ~he principat balance and inte~est then due. 8. The tertns "Mortgagor" and "Mortgagee" whtnever used in this instrumeai shall include the heirs. personal representatives. 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 of any gender shall include all genders. . ~ ~7 ~ > ~ Si ed, seale d liv n the presence of: (Seal) - (Seal) Gstc~ O~~- ~-m-e. . STATF OF FLORIDA I COUNTY OFI(~41E j ss ST . LUCIE ~ ~ • Be(ore me personally appeared CAESAR RICIC~ atld mROTHY RICKS~, h3s wife, ~ to me well known and known to me to be the individuals described in and who eaecuted the foregoin6 iestrument, i 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 26th Day Of tember, 1974 ' ~ ' ~ ,;,~,,,,r . ~ i~ ~ ~ ` , • . ~1y Commission Expires: June 30, 1975 (~otary Public, State of ~ ...,~;r~?.~".: ~ ~ - .~c, .o~ ~:j o _ ~ ~ ° r~ . . ' ~ aE~~~ E~- - ~,p= d 4r.:'=' ~ f LEp ~,M G~NTf S~ ~ e~~. ~ - ~s; ~ - ~ ~~.WG?6k O~~RA pt ~ j : ~;~~.y`~~. 4~~~ •aGWS . , ; ~ 9~~.. C~RO`?E``~f~E~ ~ ...~i' ,,,..v''~;~;,lti ~l~~••• M ~ af~~ ~e a . 4 t ~ ~ o R 0~ 3p~.,~ ° eoo~~2 ~1~ 29 - _ _ _ ~ ~ ~ ~ ~ ~3~ ~ ~ ~-s- , ~ ~ ~ ~ ~ ~ . ~