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Home My WebLink About1968 . , r , Oux File 5-30,947 tA~. nNN~saRe ~w ..~Aer ~nnsfe~ u( ~Nlc to ~he mw~~a~ed poperly in eaun~waAmem o1 ~Ae ~ndebteJness aecwed he~eAy, ~11 ~~~M, tNle ~od ~n~ere~1 ~.1 ~Ae ~t~uija~w ~n .nd to anY ~nsuiance policiex ~Aen ie face shall paas ~o the purchsser o~ ~~~n~ee. lhl To po~lirm, c.rnply W~~h aewl ab~de hy esch and everY tAe supula~~ons. •ptements, cond~t~ons and covenants ~n sa~d prwe~s:wy nole am! in ~h~. deed .e~ fath. ~ . l~ 1 That aey uf .a~d sums u( rtwncY here~n re(encd to be nu~ promptlY aOd fullY Vs~d ~'~~*~n hftten days ntal alter the same seve~slly ~ecewnes due and p~Ys~ie,or ~f eacA sod evety tht s~~pulauoes. ~~~eements, conQNic+ns and covenants oI s~~d pran~s. saY note and th~s dced, or euher, are not fulfy perforsed, cosD~~ed ~r~th and abided sy, ~he .a~d aR~re~ste sum menuoned ~o sa~d pwmssay note shall becane due aekt paYable forth~~~h cK tAerea(ur •t tAe opt~on ot ~he Nwt~s~ee ss tullY and completely aa if ~he sa~d a~~re~ate swa o( sa~d prom~ssaY note ras o~~~~na11Y ~uDulated to br pa~d on sucA dry, anythm~ m:a~d pau~ssory note or Aere~n to tAe cont~ary notruhstand~nR. 1 Tha~ in ader to acctler~te ~Ae ma~un~y ot the indeDtedness Aeredy secwed. becauae ut the (a~lure o( IAt \Iw~ta~w u, paY any u,~. assessment, I~aA~IN)', obl~~thoo ix encumbraece upon ss~d prope~ty, as Aerrm pror~ded, u shall no~ be ntcescary a~ requ~sue that the ma~piee shall hrs~ psy the ssme. 2. The ~tottgagee may, at his aption. and without wa~vins his right to accelerate the indebtedness hereby secured and t.~ foreclose the same. pay either before ot after delinquency any or all of those certain obligations required by the terms hereo[ to be paid by the Nottga~ot for the protection of the mortgage security or for the coi• lection ot the indebtedness he~eby secured. All sum~ so advanced ot paid by the !Nortgagee shall be charged into the mortgage account anJ become an integral part thereof. subject in all respects to the terms, conditions. and covenants oG th~ aforesaid prumissory note. and this mortgage. as fully and to the same extent as though a part ~ of the original indebtedness evidenced by said note and secured by this mortgage. excepting however, that said ~ sums sfiall be repaid the Mortgagee forthwith uPon its demand and be in addition to the cegular monthly install- ~ ments provided by the mortgage note. ~ 3. That the abstract or abstracts of title covering the martgaged pcoperty shalt at all times, during the li[e of thic mortgage, rcmain in possession of the ~lortgagee and in eveni ot the toreclosute of this mortgage or ather transfer of ti~le to the mottgaged property in extinEuishment of the indebtedness secured hereby, all cight, title and intere~t of the \tortgagor in and to any such abstracts of title shali pass to the purchaser or 6rantee. 0. To the extent of thc indebtedness of the Mortgagor to the Mortgagee desctibed hecein or secured hereby, the ~lortgagee is hereby subrogated to the lien ot liens a~ to the rights of the owners and holders thereof of each and every mortgage, lie~ or other incumbtance on the land described 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, shali be and the same and each of them hereby is preserved and shali - ~ pass to and be held by thc !Nortgagee herein as security for the indebtedness to the Mortgagee herein described or hereby secured, to the same extent that it would have been preserved and would have been passed to and been ~ heid by the !1lortgagee had it been duly and regulariy assigned. uansfened, set over. and delivered unto the Mort- ~ gagee by separate deed of assignment, notwithstanding the lact that the same may be satisfied and cancelled o[ ~ record, it being the intention of the puties hereto that the same will be satis[ied and cancelled of record by the holdets thereof at or about the ume of the recordin6 of this mortgage_ - 5. In the event the ow~necship of the mortgaged premises. ot any part thereof. becomes vested in a person other than the ~lortgagor, the ~lortgagee may, without notice to the Mortgasor. deal with such successor or suc- ~ cessors in intetest K~ith reference to this deed and the debt hereby secuted, in the same manner as with the Mott- ~ gagot without in any way vitiating or discharging the Mortgasor's liability hereunder ot upon the debt hereby secured. No sale of the premises hereby mortgaged and no [orbearance on the part of the Mortgagee, a~d no ex- . tensian of the time for the payment o[ the debt hereby secured give~ by the Mortgagee shall operate to relesse. discharge, modify, change or affect the original iiability of the Mortgagot herein either in whole or in part. ; 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- ~ ness. however evidenced, v?hether by said promissory note or sny renewal or extension thereof or substitute there- for, or otherwise, until atl such indebtedness shall have been fully paid. p 7. /n the erent the mortgagors se11, convey or transjer the morlgaged preniises during tite li(e oj this mort- t ~age, then this mo~tgage shall. at the op~ion oj the Afortgagee herein. 6ecome immediately due and poyable (or ~he Jull sum oj the principe! 6alance and inlerest then due. 8. The terms "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 include the plural and the plural the s~ngular, and the use of any gender shall inclade all genders. a • ~ ~ - ~ . ,o _ S~gne sealed an el~ ered n e presence of: (Seal) ~ ~ • (Seal) ~ ,~j/~ i~ ~`2-l . U~" / . ~ -,~rct t~l. STATE OF FLORIDA I COUNTY OF Q~ SS ST. LUCIE ~ ELIJAH JOHNSON and GEORGIA B. JOHNS~NN, his wife, Be(ore me personally appeared formerly known SS GEORGIA B. JACKS to rr.e well knovm and known to me to be the individuals described in and who ezecuted ihe foresoing instrument, and ack~owledged before me that thcy executed the same for the purposes therein expressed. WITNESS my hand and official seal in the County and State last aforesaid this ZZSt DSy of September, 1974 . ~ `'i,j~:~~'~r.~~. } ~ c'' ~i~ : ~ ` ~ Florida at ~ r ~ = 11y Commission Expires: Juite 30 , 1975 Notary Public. State of o:'~ _ AMC 11EC~~~E~'' - • y . ~~!.,?;r.Or`,,;Q, f~~`~~~E~P~~R~g ~ y'•'.`;~~~~ti _ ~ u~ ' ~ g R0~ C~~t C~ ~"~~`~,''Tltti'~!o-.•~'. ' • ~~o ~~~p t,~o ,1a ~3azs f~ ~ ~ R 31s ~ e~ ~ooK232 Pa~i968 ; ~ _ - ~ - ' " ~ ~ ~ ' a,~~ : ~v"" ~ ~ _ s ~ s~.~._ ~