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Home My WebLink About0511 , Our File 5-31,115 . - . ' ~h~s ~tp~e w other transte~ of htle tu the mon{a~e0 propetty m eaun~wshmen~ o? tAe ~odesudness ucwed Ae~tby, ~11 ~~~A~, uUe and ~n~etest o( ~he Afo~~ptur ~n and to any ~nawsuce policios ~Aen ~n tace sMll pass ~o tAe puahsse~ or pan~ee. ' (h) To pertam, cwaply w~tA and ap~de by e~ch and eve~y the stipulations, s~recmena. cond~uons snd covenants ~n sa~d prwa~ssay eolt and in ~A~Y leed aet fwtA. G) TA~t any of said suas ol a~oaey herem te(ened to pe nol praaPtly and fully psid ~•~~h~n Gftten dsys ncal alter the same se~erally becon~es due and p~yasle,a it eacA and ere~y the supulat~oas. ~t«~~nts, cond~t~ons and coven~nts o( saiQ pro~~a- sory note and this decd, ot e~ther~ are not tully perforeed. co~plied ~ritA and abided sy. the aa~d aurepte suw aieauoned m s~id . ptaaissory note shall Secose due and psyable to~tA~itA or thereat~er ~t the option o( the Mort~asee aa fully snd coeipletely ss it the said ~a{~e~~te sw~ ot said promi~sory aote w~a o~~~~nally stipul~ted to be paid on sueA d~y, aorthins ~n s~id ~anisiay aote or hereie to 1he conlruy t?ot~ritAstandia~. ) TAat in orde~ ~o accelerate t~e matun~y ot tAe iedebtedness AereAr secueed. bec~use ot ~!?s ts~lu~e o( ~he Ma~~~~a ~o pay aoy ua. sssessa+eet. I~ability, obli~auon ~x encumbrsnce upon said praperty, as here~n provided, N sh~ll not be eeces~ary or rcQu~site tAat tAe ~aor<<s~ee sh~l) f~rs~ pay We sase. 2. The alortgagee may, at his option. and without waivins his right to accelerate the indebtedness hereby secured and to foreclose the same, pay either beforc or aRer delinquency any or all o[ those.certain obli~ations required by the terms hereot to be paid by the MortgaEar for the protection of the mc~rtgage security or for the col- lection of the indebtedness hereby secured. All sums so advaaced or paid by the Mortgagee shall be charged into the mortgage account a~nl become an integtal part thereot. subject in all-respacts to the terms. conditions. and covenants of the aforesaid promissory note. and this mortgage. as futly and to the same extent as thou6h a put of the ori~inal indebtedness evidenced by said note and secured by this mortgage. excepting howevet. that said sums shall be repaid the Mortgagee [orthwith upon its demand and be in ~addition to the regular monthly install- ments provided by the mortsage note. 3. That the abstract or abstracts of title coverins the mort6aged property shall at all times, durin~ the life of this mortgage, remain in possession ot the Mortgagee and in event of tha foreclosure o[ this mortgase or other tcansfer of title to the mortgaged property in extinauishment o[ the indebtedness secured hereby. all tisht. title and interest of the Murtgagor in and to any such absuacts of title shall pass to the purchaser or grantee. 4. To the extent of the indebtedness of the ~Nortsagor to the Mortga6ee d~scribed herein or secured hereby, the hlortgagee is hereby subtogated to the lien or liens and to the ri6hts of the owners and holdera thereof of each and every mortga6e, lien or other incwnbrance on the land described herein which is paid and/or satisCed, in whole or in part, out of the proceeds of the loan described herein ot secnred hereby. aad the respective iie~a of said mortgages, liens or other incumbrances. shall be and the same and each of them hereby is presarved and shill pass to and be held by the A~ortgagee herein as security for the indebtedness to the Mortsagee herein described or hereby secured, to the same extent that it would have been preserved and would have been passed to and been held by the hlortsagee had it been duly and regularly assigned, transferred, set over. and delivered unto the Mort- gagee by separate deed of assignment. notwithstandinE the fact that the same may be satisfied and cancelled of record. it being the intention o[ the partiea hereto thst the same will be _sstisfied and cancelled of record by she holders thereof at or about the time of the recordin` of this mortga;e. . ~ S. !n the e~ent the ownership of the mortsaged premises, w any part thereo~. becomes vested in a person other than the Mortga6ot. the ~lortgagee may. without notice to the Mortgaaor. deal with such successor or suc- cessors in interest with reference to this deed and the debt hereby secured. in the same manner aa with the Mort- sa6or without in any way vitiating or discharsing the Mortsaaot's liability hereunder or upon' the debl hereby secured. No sale ot the premises hereby mortgased and no forbeuance on the part of the Mortaa~ee, and no ex- tension of the time fot the payment of the debt hereby secoted given by the Moctsagee shall ope-*te to celease, discharge, modify. change or affect the originat liability of the Mortgagor herein either in whole or in part. ' 6. The lien of this deed secures and shall continue to secare payment of said indebtedness or indebted- ness, however evidenced. whether by said promi~sot~note or any renewal ot extension thereof or substitute there- ~ for. ot otherwise. until all such indebtedness-ahall have betn fully paid. ~ 7. In the even~ the rnortgagors sell, convey or tronsfer 1he rno~tgaged prentists du?ing the lije or this rnort- ~ gnge. then this Mo~tgage shcll, et the option oj the Afortgagee herein, 6ecome imn~ediat~ly due and paya6le Jor tht jull swn of the principa[ balance and interest ~hen due. ~ 8. The te~ms "Mort~asor" and "Mortgagee" whenever used in this instrument shalt include the heits; ~ pecsonal representativ~s, successors and assigns of the respective parties hereto. Wherever" used the singular ~ number shall include the plural and the plutal tl~e singular, e e of any 6endet shall i clode all genders. ~ Si s a ~ ' gne . e led Irv ted ~n e presence of: al) ~ (Se al) ; STATE OF FLORIDA , , COUNTY OF ~X~iK ss ST. LUCIE ~ Before me personally appeared CLAUDE D. JAMES ~ an unmarried man, ~ to me well knovm and known to me to be the individuals desctibed in and who executed the foreaoin6 instrument. ~ and acknowledged betore me that they executed the same for the purposes therein expressed. WITNESS my fiand ' and official seal in ihe County and State Iast aforesaid this 19th nay of Oetober, 1974 ~ = ; _ ~ lY Y0~ . ~ _ : .i ~ 7 - ; f My Commission Expires: June 30 ~ 1975 Notary Pnblic, State of Florid A~ ~ ~ RECONDEO _ :{~r~ t- , p.`,: - S'~iLIU"v?C vOUM~AS~ = ~A .'~}~~Q . ROGif`. P~-ir COURT ~ ~ S'•:`=-<<~~•'ry : CLE i.~'~GU ~ " % -b•' ' ~!c ' yrptFlEO~~-r iiivt~ RfCt1F ~ ~ ,'a ~~---..r,,,,...,~,..~~~ ~ ~ (~CT ~8 24 ~ Q R PAGE 5~ ~ d00tt ~.eiJ ~ _ 1 . ~ . . . . _ _ . _ ~..3_ ' RG~-Gi ~ ~ ~ ~ ~ g ~ ~ .v~ . - f s :,.~r'~'~~~ ~ -a