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Home My WebLink About0355 _ , ' ; Our File 5-31,095 _ ~h~s mwlp~e.a r1Ae~ ttansfe~ u( u11e ~u t}~e mott~a~ed property ~n ettm~wshmenl ol tht ~ndc~tedness secwed AeteDy, ~ll n~A1, 1~11e aod ~Mete~1 of tht A4~v~~a~a ~n and to ~ny inawance policws iAen ~n (ores sAall pass to Ihe putcA~ser a uaMee. (h) To per(irm, cwRp1Y rntA •nd •b~dc by each and every the supul~UOas. s~reeiaents, cond~UOns and covenan~s ~n sa~d prww~sawy nott and in ~h~a deed set (orth. . (i 1 TAat if any of aa~d suos ot nroneY Rere~n ~e(er~ed lo be not promp~lY +~~d (ully paid ~e~h~e f~fteen days ne:t a(~cr thc ~sme severally beco+aes due and psYa~le,a i! escA aod every the s~ipula~~a?s, a~reements. cacd~~~ons snd coren~nts of sa~d pom~s- sory nMe and this deed, a eithe~. ue no~ fully performed, comPlied rith aad ~p~ded by~ ~he ~a~d ~~~te~ste sun scnt~oaed m said praaissay nole sl+all bttose due and psYable (athrith or thereattet •1 We ortioa of tAe Mal~atee as lully and completely as ~t the s~id si~e{a1e suw ot s~id ptom~aaaY ~ote ras a~i~nally st~pulsted to be paid on such d~y. anythin~ ~n s~id ptomissory ~ote a hetein to the contrsry not~rithsl~ndia~. (j) That ~n a~der lo acctletatc the matunty o( tht indebtedness hueby secwsd. bec~we o( ~l~e (a~lurc ot the Mortta~a to psY +~Y assessseM, liab~lit~, obiisa~ioo ir eecua?brance upon s~~d p~operty. as hetein prov~ded. ~t sbali not ee necessary or reQu~si~e that thc mat~~~se sAall fitsl pay tAt same. 2. The Mortgagee may, at h;s option. and without waivina his right to acctletate the indebtedness hereby secured and tu foreclose the same, pay either before or after delinquency any or all of those certain oblisations required by the terms 6eteo( to be paid by the Mortgaaor (or the protection of the moctga`e security or for_ the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the Mortga~ee shall be char~ed into the mortgage account anJ become an intes[al part thereof. subject in all respects to the terms. conditions. and covenants oG the aforesaid promissory note, and this mottgage. as fully and to the same eatent as thoush a part of the original indebtedness evidenced by said note and secured by this mortgage. excepting howevet. that said sums shall be repaid itie Mortgagee torthwith upon its demand and be i~ addition to the regulat monthly install- ments provided by the mo[tgage note. ~ 3. That the abstract or absuacts of title cove~in~ the mortgaged. property shatl at. all times. during the life ' of this mortgage, remain in possession of the lllortgagee and in event of th~~toreclosure of this mortgage or other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all ri6ht, titte and interest of the ~lortgagor in aad to -any such absuacts of title shall pass to the purchaser ot Erantee. 4. To the extent of the indebtedness ot the Mortgasot to the Mortsagee described herein or secured heteby. the 4lortgagee is hereby suhrogated to the lien or {iens and to the rights ot the.owners and holders thereof of each and every mortgage, lien ot other incumbtance on the Iand desc~ibed herein which is paid and/or satisCed, in whole or in part, out. o[ the proceeds ot the loan described herein or secured hereby, and the respective liens of - said mortgages, liena or other incumbraaces, shali be and the samc and each ot them hereby is presetved and shall pass to and be held by the Mortgagee herein as aecurity for the indebtedness to the Mortgagee herein described or her~by secured, to the same eatent that it would have been preserved and would have been passed to and been held by the Alortgagee had it b~een duly and resularly assigned, transferred. aet over, ar~d del'+vered unto the Mort- gagee by separate deed of assignment, notwithstandina the tact that the same may be satisfied and cancelled of record, it being the intention of the pulies hereto that the same will be satisfied and cancelled of recotd by the holders thereof at or about the t+me of the recording of this mortgage. S. In the event the ownership of the mortgaaed pre~nises~ ot any patt thereof, becomes vested in a person othec than the !1lortgagor, the ~lortgagee may. without notice to-the Mortgagoc. deal with such successor or suc- cessors in intesest with retere~ce to this deed and the debt heteby secuted. in the same manner as with the Mort- gagor without in. any way vitiating or dischargin6 the Mortgagor's liability hereunder or upon the debt hereby secuced. No sale of the premises hereby mottgascd and no forbearance on the part of the Mortaa6ee. and no ex- tension of the time for the payment ot the debt hereby secured Eiven by the Mortgagee shall opetate to release. ; discharge, modify. change or affect the oriEinal liability of the Alortgagor herein either in whole ot ia patt. ~ 6. The lien o~ this deed secures a~ shall continue to secure payment of said indebtedness or indebted- ! ness, however evidenced. whether by said promissoty note ot any renewal or.extension th=reof or~substitute there- - ~ for, or otherwise. until all such indebtedness shall have been fully paid. 7. In the event the mortgagors sell, convey or tronsjer the mortgaged preniises during the tiJe oj this mort- gage, then this mortgage shall, at the oplion oj ~he Afortgager herein. beconee immediately due and paya6te Jor the jull swn oj Ihe principal ba/ance and inttrest t6en due. 8. The tertns "Mortgagoi ' and "Mott~agee" whenever used in this instrument shall include the heirs~ personat representatives, successors and assigns of the respective patties hereto. Wherever used the singular number shall include the plural and the plural the singular, and the use of any gender shal) include all genders. / Si ed. seale nd li ered in presence af: G (Seal) • ~ (Se al) / y~ STATE OF FLORIDA I COUNTY OFDXlII~ j ss ST. LUCIE ~ Before me personally appeared IALA BELL MeGRIFF, 8i1 unmarried, WOt0811~ to me well known and known to me to be the individua{s described in and who executed the foresoing enstcument._ and acknowledged before me that they eaecuted the same for the purposes therein expressed. WITNESS my ha~d and official seal in the County and Stace last aforesaid this ZZt~'1 DAy of Oetober, 1974 , ' . s;:,. June 30 1975 S Florida at "t' ~ Wy Commission Expires: ~ Notary Public. tate of i'''~, - : . ~i . , 4ED ~E~~p~{.A~ ~ ~n~. :~a~ r " ~uciE cov T~~f ti~ ' = 7 ' ~ : w = _ oc~~ ~~~T cou~t = } : d? . - .~~`~~i%~ w : ~ccoaa v~~:~~EO.,._..-~ 2~4029 ; ~ j=Q;; ~ / 7b:;;, ,.~.>>'-y~.: , s • ~ ~ ~ ~ ~t ~ S ~ ~ a n , a : ~ ?o ~ ~ R ~ ~ ~~~r~~?~~um~~~`~~- ~ i 800K ~~J~7 PAGf . ~ " ~ , ~ . * _ _ . . , _ _ a