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Home My WebLink About2708 - ; _ Ou~c file 5-31, 243 # tA~s mo~~{a~e ~w ~~~he~ uans(er o( htlt w the mort~a~eA poper~y ~n eiun~u~sha~em ui tAe ~nde~~edness secwed hereby, ~11 n~ht, utle , and mtt~esl o( the Mia~~a~w ~n snd ~o any ~nsw~ece polic~es Ihce m force sh~ll pau to the purchaset or ~ramee. lA) To perfexm. .un+ply ~r~th snd ~p~de by csch a~ eve~y ihe a~~pulat~ons. ~~reements. cond~tions aad covenants ~n sr~d p~ae~ssory note snd in ~h~s derd se~ tath. TA~~ H~ny o[ said sue?s ot naneY herein re(errcd to bt not prosDtlY ~~~~Y p~~ ritA~n t~heee dsys ee•~ a(~er the same severally becaees duc aed payable,ar it esch snd every tAe stipul~t~ons. ~treeme~ts, cond~t~a?a a~d covenants ot sa~d ptom~s- saY note at~d th~s deed. a t~tAer. sre nW (uilr pertamed. compl~ed ~r~~A a~d sb~ded by. the xaid s{are{atc swa ~aenuoned ~n sa~d pran~ssaY note sball becase due and paYSble fatAW~th or tAereafter at tAe op~~on of the Mwt~s~ee as fully and caepletelY as if the s~id aj~re~a~e sus ot s~id panissory note r~s on~mallY st~pulated to be psid on such d~Y. anyth~n~ m aa~d pomissay eote or Aere~e to Ihe conuary not~i~hstandin~. That ~n arder ~o acceit~ate tAe matun~y of tAe indebtedness Aereby secured, because o( the (a~lure of the Mor~~asa ~o pay any ux, asseaament, I~ab~lity, obli[~tion a encumbrance upon said p~operty, •s here~n provided. i~ shall no~ be necescary or reQu~site that the i ~t aaxi~a~ee shall lirs~ pay tbe same. 2. The Aiottgagee may, at his aption, and without waivina his right to accalerate the indebtedness hereby secured and to foreclose the same, pay either before ot aftec delinquency any ot all otthose cettain obtigations required by the terms hereof to be paid by the Mortaasor far the protection of the mortga`e security or for the col- lection of the it~debtedness he~eby secured. All sums so advanced or paid by_the Mortga~ee shall be char6ed into ~ che mortgage account anJ become an integtal part thereof, subject in all cespects to the terms. conditions. and cavenants of the aforesaid promissory note. and this rtwrtgase. as fully and to the same extent as thouEh a part ' o[ the ori~i~al indebtedness evidenced by said note and secured by this mort6age, excepting however, that said sums shall be repaid the Mlortaagee fotthwith upon its demand and be in addition to the regular monthly install- menta provided by the matgage note. 3. That the abstract or absuacts of title coverins the mortgaged property shall at aU times. during the li[e of this mottgage, remain in possession of the Mort~agee and in event of the foreclosure of this mortsage or other transfer of title to the mortgaged property in extinsuishment of the indebtedness secured hereby, all ti$ht. title - and interest of the Nortgagor in and to any such abstracts of title shall psss to the purchaser ot Erantee. 4. To the extent of the indebtedness of the Mortsagor to the Mortaasee described herein or secured hereby, the !NortEagee 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 other incwnbrance on the land described herein -which is paid and!or satis[ied. in whole ot in part, out of the proceeds of the loan described herein or secured heceby. and the respective liens of said mortgages, liens or other incumbrances, shall 6e and the same and each of them heteby is preserved and shall pass to and be heid by the Mortgagee herein as security fot the indebtedness to the Mortgagee herein desccibed ~ or hereby secured, to the same eatent that it would have been presen?ed and would have been~assed to and been held by the 4lortaagee had it been duly and resularly assigned. transfened, set over. and delivered unto the Mort- ~ gagee by separate deed of assignment, notwithstanding the fact that the same may b4 satis[ied and cancelled of ~ record, it being the intention of the puties hereto that the same will be satisfied.and cancelled of record by the ~ ' holders the~eof at or about the time of the recordin6 of this mottgage. ~ 5. In the event the ownership of the rtwrtEaged premises, oc any part thereot. becomes vested in a person ~ other than the 'Nortgagor. the ~lortgagee may, without notice to the Mottgagor. deal with such successor or suc- cessors in interest w•ith ret'erence to this deed and the debt hereby secured, ie the same manner as with the Mort- gagor without in any way vitiating or discharging the Mort~aaor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the Mottgagee, and no ex- tension of the time for the payment of the debt hereby secored siven by the Mortgagee shall operate to release, discharge. modi[y, change or affect the orisinal liability of the Mortgasot herein either in whole or in part. 6. The lien of this deed secures anZi shall cantinue to secure payment of said indebtedness or indebted- ; ness, however evidenced. whetherby said promissory note o7 any tenewal or eztension thereof or substitute there- ; for. or otherwise. until all such indebtedness sfiall have been fully paid. ; 7. 1?e ~he even~ the mortgagors se![, convey or transje~ ~he niortgag~d pren~ises du?ing the li/e oj this mort- ~ gage, then thrs mortgage shnU. at the optioa oj the AlorJgagee herein, become inunediate[y due and payable for the ~ jul! sum oJ the principal ba/ance and interest then due. _ ' ~ 8.' The terms "Mortgaaoi ' and "Mortgagee" whenever used in this instrument shall include the heirs. petsonal representatives, successors and assigns of the respective parties hereto. Wherever used the singular i number shall include the plural and the plural the singular. and the use of any gender shall inclode all genders. : ; . ~ 1 Si ned, seal n deli red ~ the presence ot: ~ (Seal) (Seal) • ~ t .c ~ ~ , STATE OF FLORIDA I 1 COUNTY OF O~C j ss St. LUCIE ~ ' Betore me personally appeared STEPHEN A. WILLIAMS and SHIRLEY .WILLIAMS~ his wife to me well knovm and known to me to be the individuals described in and who executed the foreaoing instrument, ~ and acknowledged before me that they executed the same for the purposes therein expressed. ViiITNESS my hand and official seal in the County and State last aforesaid this ]tt'1 DSy of September, 1974 w ~ • ~ - . - l`,,`~,~,~~,,,,,, - ~4' v ' I' ' 1 June 30, 1975 Florida .~=`t ' 1Ay Commission Expires: Notary Public, State of _ c_{_ J ~ Y 1c•~• i 1~+ 4 RDb~ „ . ~ ~ . I~EO ~E w7L~SY PLA. ~ d :j:~ s ~`f~ :a: f N A 1' . .:'S=:s . _ gt.tu~ ,~RAS - ' ~~'~'9. _ p ~ , ~1 't~ ir~ = ~ , , . . 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