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Home My WebLink About2037 Our file 5-31,001 tA~s m..r~~sRc ~N o~he~ uanclei ul utle ~u the ma~~~t~d P~oO«<y ~n etiun~u~shnsenl u~ ~ht ~ndc~teJnt~a .t.u~cd Ae~eh>. all i~rhi, u~le and ~ntcrt~~ ui~~ht Mwt~a~a ~n ~nd to anY ~~swance pol~c~es ~hen ~n (orce shall pass 1o the purchaacr a s~aniee. lA/ To pe~~.wm. ~umPly WuA aed ab?de by eacA and every the si~pul~uoes. a~reemcnts. cood~~~on. .nd caveoan~s in +a~d prum~~sury nole aoJ ~n ~M. decd .et lorih. hf~ern ~sys neat at~e~ l~ 1 That sny o( sa~d sums ut muney here~~ ~elertcd to be not ptanp~lY am1 lully pa~d ~~~A~n - ~Ae samt severally becomes due and paYa~lt,a ~f each and every the s~~pulat~ons, s~~eea~ents, c~~nd~~~ons and covenants of sa~d prom~s- swy note snd th~s deed, or eithe~, •re not (u11Y p~rtaeied, comD~~ed w~tA and ab~ded by, ~ht +aid sit«~~~e swn menuooed ~n sa~d pran~sswy nole sAsll brcaae due and OsY~ble fathwuA a IAerea(ter al ~he opuon ot tAe \lortp~ee ss fully and completelY as d lhe sa~d a«resa~e sum ot said pran~x~wy oote +~as a~~~na11Y s~~Dulated to be ps~d an sucA daY, anytA~n~ m s~~d ptan~ssory note or here~n to ~Ae coatrary notWrthstand~ni• " 1 Tha~ ~n ader to accelerate tAe matur~~y ot the ~ndebtedness hereby secwed, bec~use oi the (s~lure of ~he Mwt~~~o~ ~o pay anY ~~i. assessmem, lub~6t). ab~~i+~~a^ M encumbrance upon ss~d p~oper~y, as here~n prov~ded, u shall eot be neces~a~y a reQu~sue tha~ the 3 m~xt~s~ee shall fus~ paY the sama 2. The ~lortgagee may, at his aption, and without waiving his right to accelerate the indebtedness hereby secured and to forecluse the ~ame, pay either before or after delinquency any or all of those certain obligations required by the terms hereof to be paid by the Mottgagot for the protection of the mc~rtgage security or for the col- lection of tht indebtedness hereby secured. All sams so advanced or paid by the !Nortgagee shall be charged into , ~_martgage account and become an integral part thereof, subject in all respects to the terms, conditions, and j covenants ot the aforesaid promissoty note, and this mortgage. as fully and to the same extent as thou~h a part ~ af the original indebtedness evidenced by said note and secured by this mortgage. excepting however. that said i sums shail be repaid the Alartgagee 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 titie covering the mortga6ed property shall at all times, during the li[e of this mortgage, remain in possession of the Alortgagee and in event of the foreclosure of this mortgage or othet transfer of title to the mortgaged property in eatinauishment of the indebtedness secured hereby. all ri~ht. title : and interest o~ the ~lortgagor in and to any such abstracts ot title shall pass to the purchaser or grantee. ; 4. To-the extent of the indebtedness of the Mortgagor to the Mottgagee described hecein or secutod hereby, the !?lortgagee is 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 desctibed herein which is paid and!or satis[ied, in whole ot in part, out of the proceeds of the loan described herein or secured hereby. and the respective liens of said mortgages, liens or other incumbtances, shall be and the same and each of them hereby is presetved and shall pass to and be held by the Mortgagee herein as security for the i~debtedness to the Mortgagee herein desctibed or hereby secured, ta the same extent that it would have been preserved and woufd have been passed to and been held by the \lortgagee had it been duly and regularly assigned. ttansferred, set over; snd delivered unto the Mort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of recocd. it being the ~ntention of the parties hereto that the same will be satisfied and cancelled of record by the holders thereof at or about the time of the recordina of this mortgage. 5. In the event the ownership of the mortgaged premises, ot any part theteof. becomes vested in a person other than the Mortgagor. the ~lortgagee may, without notice to the Mortgagor. deal with such successor or suc- cessors in interest with reference to this deed and the debt hereby secured. in the same manner as with the Mort- gagor without in any way vitiating or discharging the Mortga6or's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbeuance on the Qart of the Mort`agee, and no ex- teosion oi the time for the payment of the debt heteby secured 6iven by tt~e Mortgagee shall operate to release. discharge, modify. chanse or affect the otiginal liability ot the Mortga~ot herein either in whole ot in part. ~ 6t The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- ~ ness. however evidenced, whether by said promissory note or any renewal oc extension thereo[ or substitute there- 4 ~ for. or otherwise, until ali such indebtedness shall have been (ully paid._ ; ; 7. In the event the mortgagors sell, convey o? t?ansJer the mo?tgaged pre~nises during the lije oj this niort- ~ gage, then this mo~~gc+ge shall, at the option of the Afortgagee herein. become inemediately due and paya6le Jor the Jult sum oJ the principa[ 6alonee and interest then due. . ; , . „ 8. The temns 'Mortga6or' and Moctgagee whenever used in this insttument shali include the heirs. ~ personal representativ~s, succ~ssors and assigns of the respective pazties hereto. Wherever used the singular ~ number shall include the plural and the plural thc singular. and the use of any aender shalt include all genders. ~ Si ne sealed an red ~ e. presence of: ~ (Seal) ~ B fILEU ~k: ?ci.D~OfO ~ ~ ~Seal) ~ ~ t~~ ~ ac~~ : =.~:TR~S CLffK :c:;Gti1;C0URT ~Gsc R~CGFY Yf*~•riED ~ ~ nMp ~ss l STATE OF FLORIDA ' ss w' v 38 COUNTY OF ~K ~ ST. LUCIE Before me pessonally appeared PATSY LARUE WYNN, an unmarried WOmBII~ ~ to me well known and known to me to be the individuals described in and who executed the fore6oing instrument. and acknowledged betore me that they executed the same for the purposes there~n expressed. WITNESS my hand ~ - ~ and off~cial seal in the County and State Iast aforesaid this 17th Day of August, 1974 ~ ~ % 0 , ~ ~+1 Commission Expires: Ju[ie 30, 1975 Notary Public. 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