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Home My WebLink About1066 i • ~ Our file 5-31,162 ih~s a~w~pjc .K ~,~i?e~ uans(ei of utle w ~he matia`ed ptope~ty ~a eatm~u~sh~ieat of tAe ~ndebtedness secwed haeby, •11 n~ht. ~ule ami ~e~e~est of ~he Ma~~a~w ~n and 1u ~eY ~nswance polic~es then in (arce srNl Psss ~o tAe putchase~ or pantee. (hl To pe~(am, cwnp~Y vnlh •~d ab~de sy e~cA •ed evety tAe st~pulations, a~teemeats, ca?d~hons snd cavenants ~n sa~d prom~ssorY no~e and in th~s deed se~ (atA. (i) TAa1 ~f ~ny of s~id aums ot e~a~eY tierein referred to be not ptoa~ptlY and (ully p~id +uh~n fitteen days neat sRer the same seve~aily becanes due ~nd paY+ble,w ~f eacA ae~d eve~y tAe stipul~ua~s. ~treesenta. cond~tiont and coven~nts of sa~d p~o+~~s- ~ say rto~e aad tb~s deed, w e~~he~, ue not fully pertoroed. co~Dl~ed +ritA aad ~bided by, ~he ss~d a«re~ate swn sent~oned ~n ssid ( pra~issory note shall becoee due and psY~ple (ortl~rith a ~here~tter tAe optioo ot the Matptee ss fully and completely s~ if Ihe ~ s~id a«re~ate auv d said promi~ao~y aoie ~~s on~inallY s~ipulated to be paid on sucA daY. anythins in s~id pranissorY note a Aere~n to the contruy notri~hsundin{. (j ) That ~a adet to acctler~te the matunty o( the indebtedness hereby zecwed, bec~use of the t~~lu~e ot the 1?lor~~a~a to pay any ua. assesaa~enl. liab~li~y, obh~ation ex encum~~ance upon sa~d ptopstty, ss Aerein provided. sAall not be eecessary a requisite thst the : mo«{atee shall hrs~ psy tAe same. ~ 2. The Mort~agee may, at his option, and without waivin~ his ti6ht to accelerate the indebtedness hereby ; secured and tu [oreclose the same, pay either before or after delinquency any ot all of those certain obli~ations ~ required by the terms heteof to be paid by 1he Mort6a6or for the ptotection of the martgaae secutity or for the col- lection of the indebtedness he~eby secuced. All sums so advanced or paid by the Mortgagee shall be chat~ed into } the mortgage account and become an integral part thereof. subject in all respects to the terms. conditions. and ~ covenants of the afaesaid promissory note. and this mortgage. as fully and to the,same eatent as thou~h a part ~ a[ the oriEinel indebtedeess evidenced by said note a~d secured by this mortgage, exceptins however; that said sums shall be repaid the Mortgagee forthwith upon its demand and be in addition. to the regular monthly install- ~ ments Qrovided by the matgage note. 3. That th~ abstract or absuacts o[ title coverins the mortga`ed pmperty shall at all times, durina the life ~ of this mortgage, remain in possessio~ of the Mortgagee and in event of the foreclosute of this mortgage or other ~ transfer o[ title to the mortgaged property in eatinEuishment of the indebtedness secured hereby, all tight. title and interest of the :Nurt~agor in and to any such abstracts of title shall pass to the purchaser or grantee. ~ 4. To the extent of the indebtedaess of the Mortdagor to the Moctsagee described herein or secured heceby. !he Mortgagee is hereby subrogated to the lien or liens an~ to the riahts of t6e owners and holders thereof of each ~ and every mortgage, licn or other incumbrance on tha Iand described herein w6ich is paid and!or satisfied. in f whole a in pan,~ out of the prececds of the loan described herein or secured hereby, and the respective liens of ' said mortgages, liens or ot6er incumbrances, shall be and the same and each of them hereby is prcsetved and shall ~ pass to and k?e held by the Mortgagee herein as security for the indebtedness to the Mottgagee herein described t or hereby secured, to the ssme extent that it would have been preserved and would have been passed to and been ~ held by the !~lortgagee had it been duly and rc`ululy assigned. transferced, set over. and delivered unto the Moct• ~ } gagee by separate deed of assignment. notwithstanding the fact that the same may be satisfied and cancelled of 2 record. it being the intention of the parties hereto that the same will be satisfied and cancelled of recotd by the holders thereof at or about the time ot the tecordina o( this mortaaEe. f 5. In the event the ownership of the mort~aaed premises. oc any part thereoi. becomes vested in a person . ; othec than the ~lortgaaor. the Nottgagee may, without notice to the Mortgagor. deal 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- ~ aa6or without in any way vitiating or dischatging the Mortga~ot's liability hereunder or upon the debt hereby secured. No sale of the prem~ses heteby mortgaEed and no [abeuance on the part of the Mortgasee, and no ex- } tcnsion of the timc for the payment of the debt heteby seciued siven by the Mortsagee shall operate to release, ~ discharge, modify. chanse or affect the oriEinsl tiability of the Mortga~ot herein either in whole or in part. ~ , 6. The lien of this deed secures and shall continue to secure payment o( said indebtedness ot indebted- ~ j ness, however evidenced, whether by said promissory note or any renewal or extension thereof or substitute there- ; for. or otherwise, until all such indebtedness shall have been fully paid. $ 7. In the event the mortgagors sell, convey or transjer the mortgagtd prernises during the lije oj this n~ort- gage, then ~his n~ortgQge shaU, at the op~ion o( the Rfortgagee hertin, becon~e im~nediately due and paya6le jor the jull swn oj ~he prirtcipa! balonce ond interest then due. . 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, ~ E pasona{ tepresentatives; successors and assigns of the respective pazties hereto. Wherever used the singular q number shall include the plural and the plutal the singular, and the use of any gender shall include all genders. . ' f Si ed, sealed and iv red in the esencc of: Her ~ Mark (Seal) ~ - ry aug ~ (Se al) STATE OF FLORIDA COUNTY ~OF Q~QEX ss ST. LUCIE ~ Before me personally appeared ry~~~~,~T~~~nmarried woman, being the widow to me well known and known to me to be t e i ~v~ ~u~1s escn d in and who executed the fore6oing instrument, ~ and acknowled6ed before me that they executed the same for the purposes therein expressed. WiTNESS my hand ~ and official seal in the County and State last atoresaid this 7th Day of September, 1974 ~ ? ~ 'h, . G~~ ` ~ ~y comm~ss~on Expi~es: June 30. 19~5 Notary Public. State of Florid _ f. ' =c: 7 t--?~ rv ~ ~ ~1_~ i /Q •.~~T`= t ' ~ ~ b.; ~7:tl~1,~~-~:~`' ~ ~0~233 P~1065 ~ P ~ ~ ur ~ ; ~ , r'_~°^ _y ~ .._.P y. . . ~ a ~ ~ ; ~`s ~ ~