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Home My WebLink About2058 i t ~ ~ Our File 5-31,007 ; tA~. mwita~e .w a~Ae~ uansfc~ oi ~~Ne w ~he mo~~Ys~ed popcrty ~o eaun~u~shment ul tAe ~ndc~udne+~ ae.wrJ Ae~eti), rU n~h~, ~~~le ~ •nd ~me~e~c~ u( the Mw~~a~w in and ~o any ~~swance pohc~es ~Aen ~n (cwce sAall psss Io lAe purchax~ ar ~ranue. (h) To pcr~~wm. ..rinply W~tA and ab~de by each ~ed erery tAe sUpulauons. a~reements, co~du~ona and cuven~nh ~n satd prwn~~suty } nolc am1 ~n ~h~. Jeed ~N for~A. 1 TAs~ any u( said swn_: ut a~oney here~u retetred ~o bt not praapUY and (ully pa~d ~ ~Ih~n r~a«~ a~r: ~e.~ ~i~~~ the same seve~ally becaaes due snd psYable.or 1f eacA snd erery the supula~~ons. s~teements. cond~uony aod corenants of sa~d ptoeuis- say note and th~s deed, or e~~Aer, s~e not tully pe~to~wed, compl~td ~r~th and as~ded sy, ~he .a~d a«re~s~e swa ~ehuoned ~o sa~d paa~ssory note shall Accome due a~ paYaslt (ad~~~th or tAe~es(ter a~ tAe opt~on ot the Mo~t~atee ss tully and coinpletelY as the sa~d as~ep~e sus of sa~d prae~sawy aote r~s a~~~na11Y sUpul~ted to Se pa~d an sucli day. anyM~n~ m sa~d pran~ssory note a Asre~n to tAe contn~y noiWuhs~and~n~. ) That ~e orda to acctle~ate tht matutdy of tbe ?ndebtedness hereby secured, because ot the fa~lure of ~he Mort~a~o~ ~o pay sny ua. asse~smeo~. I~ab~lu~. ob~~t~~~on M~^~w~s'~°~° °p°^ sa~d p~ope~ty, as he~e~o provided, shall eo~ be necescary a reQws~u that U+e mwt~a~ee shall tus~ pay lAe ssait. 2. The ~tortgagee may, at his option. and without wa~v~ng his tight to accelerate the indebtedness hereby ~ecured and a~ foreciose the same, pay either before or after delinquency any or all of those certain obiiaations required by thz terms hereot to be paid by the Mortgasot for the protection of the mortgage security or for the col- Iection of the indebtedness he~eby sccured. All sums so advanced or paid by the !Nottgagee shall be charged into the mottgage account anJ E+ecome an intesral part thereof, subject in all respects to the terms, conditions, and covenants of the akxesaid promissory note. and this mottgage. as fully and to the same extent as though a part af the ori~inal indebtedness evidenced by said note and secured by this mortgage. excepting however. that said sums shall be repaid the Atottgagee forthwith upon its demand and be in addition to the regular monthly instail- ments provided by thc mortga6e note. 3. That the abstract or abstracts ot title covering the mortgaged property shall at all times. during the life of this mortgage, remain in possession of the 111octgagee and in event of the toreclosure oi this mortgage ot othe~ transfer of title to the mortgaged propecty in exiin6uishment ot the indebtedness secured hereby. all tight. title a~d intecest of the \lortgagor irt and to any such abstracts of title shall pass to the purchaset ot grantee. 4. To the exte~~ o[ t~e indebtedness ot the Mortsagor to the Mortaa6ee described herein or secured hereby, the ~iortga6ee is hereby subro6ated to the lien ot liens and to the rights ot the owners and holdzrs thereof of each and every mortgase. I~en or other incumbrance on the land described hetein which is paid and!or satis[ied. in whole or in part, out of the proceeds of the loan described herein or secured hereby, and the respective liens of said mortgages, liens or other incumbrances, shall be and t6e same and each o[ them hereby is preserved and shall pass to and !+e held by the Mortaagee herein as security for the indebtedness to the Mortgagee herein described or hereby secured, to the same extent that it would have been pteserved and would have been paased to and been held by the ~1ort6agee had it been duly and regularly assigned. transiened, set over, u~d delivered unto the Mott- gagee by separate deed of assignment, notwitl~standing the (act that the same may be satisfied and cancelled of record. it being the ~ntention of the puties hereto that the same witl be satisfied and ca~celled of tecord by the holders thereof at or about the time ot the recordin6 of this mortgage_ S. In the event the ownets6ip of the mortaaaed premises. or any patt thereof. becomes vested in a person other than the !Nortga~or. the ~lortgaaee may, without notice to the Mortga6oc. deal with such successor or suc- cessors in interest N~ith reference to this deed and the debt hereby secured, in the same manner as with the Mort- ga=or without in any way vitiating or dischar6ina the Mortsa6or's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgased and no fotbeuance on the put of the Moc~aasee. and no ex- tension of the time for the payment of the debt hereby secured given by the Mortaagee ahall operate to release. discharse. modify. chanse or a[fect the ori6i~ai liability of the Mortsa6or herein either in whole or in part. 6. Ti~e lien of this deed secutes and shall continue to secore payment of said indebtedness ot indebted- I ness. however evidenced. whether by said promissory note er any renewal or extension thereof or substitute there- ~ ; for. or otherwise. until all such indebtedness shall have been fully paid. F ! i. ln the event the mortgagors sell. convey or transjer tht rnortgaged prernises during the IiJe oJ this mort- ~ ~ gage, then this mortgag~ sbnll. at tht op~ion oj the Afortgagee herein, 6ecoene immediately due ared payeble Jor ~he Jull sun~ oj the principal balance atd interest then due. _ 8. The terms "Mortgasoi ' and "Mortgagee" whenever used in this instrument shall include the heirs, pasonal representativ~s, successors aad assigns o( the respective parties hereto. Whsrever used the sinEular number shall include the plural and thc plural the singular. and the use of any gender shall include all genders. S~g ed. seal n iv ed i the esence of: (Seal) ~ ~SeaU J1/. STATE OF FLORIDA I COUNTY OF ~X~? ss ST. LUCIE ELEANOR W. SULLIVAN an unmarried woman, formerly Be(ore me personally appeared known as EI.F.~~1Q~N~R~q.$~~~~lso formerly known as ~ to me well known and known to me to be the individuals descn`6e~ ~n and who executed the fore6oing instrwnent, ~ ~ and acknowledged befwe me that they executed the same for the purposes there~n expressed. WITNESS my hand ~ and ofi'icial seal in the County and State last aforesaid this 26 th D8y of September, 1974 ~ . ~ ; ~ . ~ ~ . C~ ; , : _ ~ • : ~ty Commission Expires: Jt1ne 30, 1975 Notary Public, State of Florida>> a~~ • . z ~ - - ~ ; `i ~ . .s~~ ' r .J . _i _ ~~~U;'l. .t~. /i ~f~ ~ 1 ~S ~ ~ Q ~j ~l ~~~~rr~e~n~iti~ . 8Q0lc ~.~7~ PACE~V~ - - - - - - - ~ < `r . ~ _ ~ ~ "y~ _ _ ~ - 3~ ¢s. _ ys.. . - _ _