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Home My WebLink About2585 Our F ile 5-31, 026 ~h~s ma~p~e .r o~he~ ~ans(e~ ol u~le tu the mat~aacd ptope~iy ~a e~uniwshment oi the ~ndebtedness secu~ed ~eteby, sll n~h~, ~~~le ~ sa1 ~n~erest ot the Ahx~~s~w ~n and ~o +nY ~~sWanc~ Oo~~~~es ~Aen m(orce aMll pass to ihe pwchsse~ a~nn~ee. t lh) To pCfIMT. c.~nP1Y W~th and ab~de sy e~cA°and every Ms at~pula~ions, apeemenu, cond~~~ot~a sod covensnts in sa~d p~on+~~sory t notc ~~d in ~h~~ deed se~ iwtA. ~ ~~I d~ny of sa~d swe_s o! n?oaeY Aere~n refenrd lo be not proapllY and fully ps~d ruh~n htteeo days nexl atler ; the same se~e~~~~Y ~~~es d~e aad paY~sle,w i( esch and erery the stipulauoes, ~~~eements, cond~tions and toven~n~s of s~~d praa~s- ; sory note and ihu deed, or eiiher, •re not fully per[or~ed, canpl~cd ri~h and ~s~ded sy. the sa~d akre~a~e sue~ meouoned m aa~d ; pam~ssaY ryote shall becoae due and psYable (atA+itA or there~tter ~t thc option of tAe Mort~st~e as fuliy and completely as if ~he ~ s~~d ~tt~e~~~t sue o( said promiaco~y nott rras on~~nslly sl~pulated to bt paid m such day. aeytAm~ ~n a~id pranissory noie ar here~n ~ to ~Ae ca?trsry notwitAstand~n~. ~ 1 Tha~ order to acceler~te the mswnty ot tAe indeetedness hereby secured, because o( the fa~lure o( ~he Mwtp~or ~u paY anY u;• ~ asstasaenl. I~a~~lity, obl~~~tioe M encumbrance upon sa~d property, ss Aerein provided, shall not be necescary a reQu~site that the _ ma~~s~ee shsU t~rsi pay the same. ~ 2. The `tottgagee may, at his option, and without waivina his tight to accelerate the indebtedness heteby ; secu~cd and to [oreclose the same, pay either before or after delinquency any or all of those cettain obli`ations + required by the terms hereof to be paid by the Mortgagor for the ptotection of the mc~rtgaEe security or foc the col- ~ lection of the indebtedness hereby secured. All sums so advanced or pAid by the Mortga=ee shall be char6ed into the mortgage account and become an integral part thereof, subject in all respects to the terms. conditions. and covenants of the afaresaid promissory note. and this mortgage, aa fully and to the same extent as though a part of the original indebtedness evidenced by said note and secuted by thia murt~age, excepting however. that said ~ sums shall be repaid the Mortgagee forthwith upon its demand and be in additian to the regulat monthiy instali- ; ments provided by the mortgage note. 3. That the abstract or absuacts oi title coverin6 the mortgaged property shall at all times. duting the life of this mortgage, remain in possession of the Mortgagee and in event of the foteclosure of this mortgage ot other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all tight. titfe and interest of the ;~lortgagor in and to any such abstracts of title shall pass to the putchaset or grantee. - 4. To the extent of the indebtedness of the Mort~agor to the Alortgagee described herein or secuced hereby. the Mortgagee is hereby subcoaated to tl~e lien or liens and to the ri6hts of the owners and holders thereof of each and every mortgage, lien or other incwnbrance on the laod described herein 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 {iens of said mortgages, liens or other incumbrances, shall be and the same and each of them hereby is presetved and shall pass to and t+e heid by the Mortgaaee" herein as security for the indebtedness to the Mortgagee hetein described or hereby secured, to the same eatent that it would have been pteserved and would have been passed to and been held by the !1Mrtsagee had it been duly and regularly assigned. transferred. set over, and delivered unto the Mort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record. it being the . intention of the parties hereto that the same will be satisfied and cancelled of record by the holders thereof at or about the time af the recording of this mortsage. ~ S. In the event the ownership o! the mortgaged pre~nises, or any patt thereof, becomes vested in a person other than the !Nortgagor. the `lortgagee may, without notice to the Mortga~or. deat 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- gasor without in any way vitiating or dischargin6 the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no [orbearance on the patt of the Mortgagee. and no ex- - tension ot the time for the payment of the debt hereby secured given by the lNlortgagee shall operate to release, discharge, modify. change or affect the ori~inal liability of the !Nortga~or herein either in whole or in part. ! 6. The lien o[ this deed secures,and shall continue to secure payment of said indebtedness or indebted- j ness, however evidenced. whether by said promissoty note or a~y renewal or extension thereof or substitute there- ~ for, or otherwise, until all such indebtedness shall have been [ully paid. € 7. ln the event the rnortgagors sell, convey or transfer the mortgaged Qremises during the lije oj this inort- ~ gage, then this mortgage shall. at the option oJ the Afortgagee herein, becorne i?nmediately due and paya6te jor the jull sum oj the pr~ncipal balance and interest then due. . 8. The terms "Mort6aEor" and "Mortgagee" whenever used in this instrument shall include the heirs, personal representatives, successors and assigns of the respective pazties 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. ~ Sign , sealed d ered ~ presence of: (Seal) ~ , ~ (Seaq • i f -u~ ~ ~~-.i ; STATE OF FLORIDA COUNTY OF~ ss ST. LUCIE g~J~IN H. CROSBY and DORIS A. CROSBY, his wife, Before me pecsonally appeared ~ - to me well known and known to me to be the individuals described in and who executed the foregoing insuwnent. ~ and acknov?ledged before ma that they executed the same for the purposes therei~ expressed. WITNESS my hand ~ and official seal in the County and State last aforesaid this 21st Day Of September, 197~+ ~ . .`:;=;'t;;_ ~ ,~,.u~~~~~r,,;., ~ , . f.. ,.Ir " . ) • . Vly Commission Eapires: .TLttI@ 3O, 1975 Notary Public, State of Florida 8' . _ ~ ,-y . ':w4' ?LEO EMS R •'7 ~ . ~ ST.l~C1E ~~~ti'~R S " ,'~.~.~!~F}~y; IlO~f ~ GU1t GOU~t ~~;~~a; ~ • 3 ;j . 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