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Home My WebLink About2055 , Our File 5-31,003 th~s mw~~ape ~w othe~ ~fanafe~ ul ~~~le w~he mat~a~t0 poper~y io CaUn~u~shmt~l u~ ~he ~nQt~teJne.~ .e.wrd Ac~eey, oll ni~~, u~lc _ and in~t~es~ u( the Mur~~s~w m.nd to any ~nswance pol~c~es ~hen ~n (orce sAall psss to Ihe purcAsst~ or e~~mee. (A) Tu prrin~m. .•~pIY W~th and sp~de ~y each a~d every tAe supul~tions, a~~ecme~ts, condiuons and co~en~e~s ~n sa~d p~wn~uory i i DOit 111~ ifl lA~a,tC~ ~i! ~Ofl~l. 1 Thal any ot +a~d sum.c ot money here~n re(e~rrd to be no1 ptaap~lY ~~d tully pa~d ~a~~A~n (~heen Qays ntit afte~ Ihe same seve~ally becumes Jue and paYaSle,a if tacA snd every tAe st~pul~tions. ~peements, .ond~t~ons and covenan~s ot ss~d pran~s- say note and tA~s deed, or e~ther, are not (uilY p~rtorwed, cwepl~ed ~r~tA anA ap~ded by, ~he ~a~d a«re~~u swn menuoned ~n sa~d pran~sso~f nu~e sAall becaet due aeW psYable (ath~~tl? a therea(tet at tAe opuon ot lhe Nortpsee ss fully and completely as J the ss~d a~tre~ate sum of sa~d promiacorY note +r~s or~t~nally sUpul~ted to be ps~d on suth dsy, anYtA~nt ~n sud prom~ssory note ar here~n to the con~rary noiW~tAstand~n~. Tna~ ~n orde~ ~o accelerate ~he matunty of the indebtedntss hereby secwed, because o( the (ailure o( the Mal~a~o~ 1o pay aeY ~ai. •ssecsment, lub~luy, ob{~~sUOn ex encumbrance upon s~~d property, ss here~n prov~ded, ~1 shall not be necessary a requ~s~te that the mat~a~ee sAall t~rc~ paY the same. The ~tortgagee may, at his option. and without waiv~ng his tight to accelerate the indebtedness hereby secured ancl ta ioreclose the same, pay eithet before or after delinquency any or a!1 of those certain obligations required by the terms hereof to be paid by the Mottgagor for the protection of the mortgaae security or foc the col- lection of the indebtedness hereby secured. Ail sums so advanced or paid by the Mortgagee shall be charged into the morigage account aoJ become an integral part ihereof, subject in all respects to the terms, conditions, and cuvenants of the aforesaid pn~missory note, and this mottgage. as fully and to the same exteni as thou~h a part af the original indebtedness evidenced by said note and secured by this mattgage, excepting however. that said sums shall be repaid the Mortgagee fotthwith upon its demand and be in addition to the regulat monthiy instail- ments provided by the mortgage note. 3. That the abstract or abstracts o( title covering the mortgaged property shall at all timos. during the life of this mortgage, remain in possession of the Alortgagee and in event of the foreclosute of this mortgaae ot other tta~s[er of title to the mortgaged property in extinguishment ot the indebtedness secured hereby, all riaht. titic and interest of the llurtgagor in and to any such abstracts of title shall pass to the purchaser or arantee. 4. To the extent of the indebted~ess o[ the Mottgagot to the Mortgagee described herein or secuted heteby, the hlortgagee is hereby subrogated to the lien or liens and to the tights of the owners and holders theteof oC each and every mortgage, lien or othet incumbrance on the land described hetein which is paid and!or satisfied. in whole or in part, out of the praceeds of the loan desctibed herein ot secured hereby, and the respective liens of said mortgages, liens or other ~ncumbrances, shall be and the same and each o[ them hereby is presetved and shall ~ pass to and be held by the Mortgagee herein as security for the indebtedness to the Mortga6ee herein desctibed or hereby secured, to the same extent that it would have been pteserved and would have been passed to and been heid by the~Alartgagee had it been duly and regularly assigned. transEeaed, 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 of the parties heteto that the same will be satisfied and cancelled of record by tMe holders thereof at or about the time of the recording of this mortgage. S. ln the event the ownership of the mortgaged premises. or any part thereof. becomes vested in a person other than the Mortgagor, the ~IortgaEee may, without notice to the Mortgagor. deal with such successor or suc- cessors in interest Kith reference to this deed and the debt hereby secured, in the same manner as with the Mort- gagot without in any way vitiating or discharginE the Mortgagot's liabiiity heteundet or upon the debt hereby secured. No sale of the premises hereby mortgaged and no [orbeuance on the part of the Mottgagee. and no ex- tension of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to release, discharge. modify, change or affect the original liability oi the Mortgagot herein either in whole or in part. b. The lien o[ this deed secures and shall continue to secure payment of said indebtedness or indebted- ness, however evidenced. whether by said promissory note or ang renewal oc extension thereof or substitute there- for. or othetwise. until all such indebtedness shall hsve been fully paid. i 7. In the even~ the mortgagors sell, convey or transjer the mortgaged prernises during the liJe oj this mort- 3. i gage, then rhis mortgage shaU, at ~he op?ion oJ the Aforrgagee herein, becon~e inu+~edietely due and payab/e jor the ~ Jul! swn oJ 1he principal balance and interest ~hen due. _ ' 8. The tetms "Mortga6or" and "Mottgagee" whenevtr used in this instrument shall include the heirs. personal representativ~s, successors and assigns of the respective parties hereto. Wherever used the singutar number shall include the plural and the plural the singular. and the use of any gender shall include all genders. Sig d. sealed d red ' presence of: , (Seal) ~ ~ - ~ ~SeaD ~-~-vc~_ 2~ STATE OF FLORIDA I COUNTY OFX~~e r ss ST. LUCIE ~ ~ Be[ore me personafly appeared JOHN E. ALBERT atld EDITH V. ALBERT, his wife, ~ to me well known and known to me to be the individuals described in and who executed the foregoing insuument, R~ 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 .2$t~l D8y of September, 1974 ~ - - ~ly Commission Expires: JuIIe 30, 1975 Notary Public, ate of ~``~xl~+? "a " e , _ _ ~ Q ~1+~ P.EN,'~~~ fL~• - ~ ~'i ~ J - - + ft ~~tt ~~~;tAAS _ ~ ` • - ' ~ _ . - S {~OG ~ ~-,.~utt COUa~ ~ _ r " ~ c ; CIEAK :,F ~ ~ C ~ - pcGnR~ y~ ~~~a .....:..~~o~c` ~ la ~"'t--.~, ST.1~E,,.,~~'~ > ~ ~ BOOK~z PAGEzO~ , - - - - - _ ' ~ ~k.;~ ~ _ _ _ _ ~ _ _