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Home My WebLink About2705 • ' . ~ ~ ~ F Our file 5-31,251 tA?s n?or~pYe ur uther transfe~ o( utle tu ~he mon~s~ed ptoperty ~n e~unau~shment o1 ~he ~ndeb~edness .ecu~cd hereey, •U n~h?, ~~~le i and mtere.t o: the Mwtp~~ ~n and io any ~nswance poliues then ~n torce sAall psss to 1he pwchaser o~ ~ran~re. ~ ~ (h) To ~IifIMT, cwaplY w?tA •t~d ap~ds by tacA and every ~At aupulat~ons, a«eeaients, cond~uons and corenaMs ~e sa~d prwn~sso~y note snd in ih~s deeJ se~ tortA. TAat ~t ~ny ot said sums o( moeeY here~n ~e(etted to be not praap~lY and fully pa~d ~~tA~e f~(teen days etat a(~er the sas~e seve~slly becaaes due and psYasle,or if each and erery tAe stipulauons. ~t~eeme~ts, coad~l~oas snd coven~n~s of s~~d ptao~s- say note and tA~s deed, or e~~he~. s~e not (ully performed. complied w~tA and abided sy, the .aid suropie sus~ meeuoe?ed ~n sa~d ~ pran~ssaY nott shsll becooe due and paYable (o~U~WitA a the~eatter a~ tAe optian of the Mort~s~ee aa fully and completely ss it the sud s«re~~~e su~ of sud p~aeixsory note ~~s on~~oally supul~ted to be pa~d on sucA d~y. ~nythm~ ~n sud ptomusay note or Asre~n ln the conlnry not~rithsland~ns. 2 V) Ths~ ~n adu ~o accelerate tAe matuniy o( tAe iodebtedness hueby secwed, because of the ta~lure of ~he Mwt~a~or to psy any uR. assecsment, I~sb~lilY, oblitaha+ ~x encwn~ance upon said prape~ty, as Aere~n provided, ~t shall ~ot be necesc~ry a reau~s~te U+a~ the m«t~a~ee sAall fust pay the same. . 2. The htortgagec may. at his option, and without waiving his right to accelerate the indebtedness hereby secured and to forectose the same, pay eithet before or a[tet delinquency any or all of those cettain obligations tequired by the terms hereot to be paid by the Mottgaaor for the protection of the me~rtgage security or for the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be cha~ged into the mortgage account and become an integtal part thereof. subject in all respects to the terms, conditions. and covena~ts of the afcxesaid promissocy note. and this mortga~e. as fully and to the same extent as though a part of the ori~inal indebtedness evidenced by said note ae~d secured by this mottgage. excepting howevec. that said sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regular monthly install- ments provided by the mortgage note. 3. That the abstract or abstracts of title coverin6 the mortgaged property shall at all times, during the li[e • of this mortgage, remain in possession ot the Mottgagee and in event of the foreclosure o[ this mortsage oc other transter of title to the mottgaged property in extinguishment o[ the indebtedness secured hereby, all tisht. title and interest of the tilurtgagor in and to any such absuacts of title shall pass to the purchaser or grantee. 4. To the extent of the indebtedness o[ the Mottgagor to the Mortaagee described herein or secured heteby. the Mortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each and every mortgage, lien or athet incumbrance on the land desetibed herein which is paid and/ot satisfied, in whole ot in patt, out ot the proceeds of the loan described herein ot secured hereby, and the respective liens ot _ said mortgages, liens or other incumbrances. shall be and the same and each ot them hereby is preserved and shall pass to and be held by the Mortgagee herein as secutity !ot the indebtedness to the Mortgagee herein tiescribed or hereby securcd, to the same extent that it would have been preserved and would have been passed to and been held by the !Nortgagee had it been duly~a~d 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 cancetled of record, it being the intention of the parties hereto that the same will be satis(ied and cancelled of record by the holders thereo[ at or about the time of the recording of this mottaage. ; 5. In the event the ownership of the mortgaged premises, or any part thereof. becomes vested in a person other than the !Nortgagor. the Mortgagee may. without notice~ to the Mottgagor, deal with such successor or suc- cessors in interest Kith reference to this deed and the debt hereby secured, in the same ma~ner as with the Mort- . gagor without in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no [orbearance on the pact of the Mort~agee, and no ex- tension of the time for the payment of the debt hereby secuted given by the Mottgagee shall operate to relesse. discharge, modify, chanae or affect the ori6inal liability of the Mortga6or herein either in whole or in part. 6. The lien of this deed secures and shall continue to secure paymen~ o[ said indebtedness or indebted- ~I -ness, however evidenced. whether by said promissory note or any renewal or extension thereo[ ot substitute ~ilten- _ ~ for, or otherwise, until all such indebtedness shall have been fully paid. 7. /n the event the mortgogors sell. co»vey or transjer the n~ortgaged prernises during lhe lije oj this mort- ~ gage, then this moitgage shall, at the option oj the Alortgagee herein, 6ecorne iminediately due and payable Jor ~he Jull sum oj the principol balance and interest then due. _ 8. The tertns "Moctgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, personal tepresentativ~s, successors and assigns of the respective parties heteto. Wherever used the singular number shal) iaclude the plural and the plural the singvlar. and the use of any gender shall include all genders. ~ Sig ed. seale nd ivet in e presence ot: - (Seal) (SeaD ; ~7• i f _ ~ . ~ STATE OF FLORIDA I SS - E COUNTY OF Q(~C ~ ~ ST. LUCIE EDWARD E. DILIAN and CLARA M. DILLON, his wife, Before me personally appeared ~ to me well icnown and known to me to be the individuals described in a~d who executed the foregoing instrwnent. and acknowledged before me that they executed the same for the purposes therein ezpressed. WITNESS my hand and oificial seal in the County and State last aforesaid this 16th DSy of November, 1974 ' }1"YQ~~O a My Commission Expires: June 30 1975 Notary Public, State of Florida~. a _ ~ ,J~~~ ~ !1~% , t` •J = ~ ~EQa,~ ~~u~ ~ ~ _ O ; ; -'E`~ - i Rp~~~ ~ ~Z ~oyR ',~s: .n~_ , ~,a f :c.o a ,,r~%,~=a y ~ . 4af,f)4l0 p~~~ ' ~ ~~~~~~nn~~~~~+"~ ~ ` ~~,~1 Z . ~3 goox2~ ~?cEz7~ , 2~~ ~ ~ ~ ~ ~ - ~ ' ~ -_~.c..