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Home My WebLink About0157 ~ ~ _ . i Ouu file 5-31,281 ! ; . - tA?s morti~~e ut ~,tha uanste~ o( hlle w tAe mott~a~ed pope~ty ~e ext~n~u~shmeal ut lAe ~ndtbteJnesa xecwcd hcre~y, ell n~h~, u~le F an,i ~nu~est u( tAe Mo~ip~w ~n a~?d to anY ~nsurance pohc~es ~hen ~n forcc shall p~ss to the putcAsser ~x ~ran~ee. j (h) To prr(nn?. .uinPly ~~th and ab~de by cach and everY tAe supulauons. a~reemcnts, condN~ans snd coven~nis ~e s.~d prum~~so~y ~ eott ae+d in th~a deed +e~ (a~A. 1 Tha1 ~f any ot a~id suma o( a~oney herein ~etetred to'Se not praaptlY and ~~~~Y 0~i4 ~'~~h~n (itleen days ntat a(ter ~ the same seve~allY ~~~es due and payable,a if eacA and evety tl+e st~pul~~~ons, atreeaen~s, corw!?~~ons and covenants ot ss~d ~os~s- saY ~oie and tAis decd, w euher. are no~ t~11Y pertor~ed. compGcd W~th and ae~ded by, ~Ac ~a~d au~e~ate sam menuoned io ssid pran~ssay note shall bscome due and psYable tatAw~tA or tAtrestter •t the option o( the Ma1~a~ee as tully and tWeplelely as ~f the ssid as~e~ate awe of s~id pramitsay oote ~ras on~~ns11Y s~ipul~~ed to be psid m such d~y. anytA~n~ 1n sa~d prom~ssory note or he~ein ~ to tAe contrary eotWiths~snd~nR. . (j ) Tha~ m order ~o ~cteler~te the mawnty of tAe indebtedoesa heresy secmed. secause ot the fsil~re ot the Mo~tsa~a to pay aey ~aa. asse.ament, I~ab~litY. oA~it~uo~ M encumbra~ce upon said p«pe~ty, as Aere~n provided, i~ sAaii not be necss~ary a reQu~sitc d+at the iawttatee shall hrs~ pay tAe sa~ee. 2. The ~iortgagee may, at his option, and without waiving his ri~ht to accelerate the indebtedness hereby secured and tu foreclose the same, pay eithe~ befoce or after delinquency any ot all of those certaie obliaations -required~r-the-tetms-hareoi-tabe._paid.bX-1~-~~gag°~ for the protection of the mo[tga~e secutity or fot the col- lection ot tfie indebtedness hereby secured. All sums so advanced ot paid by the Mottgagee shalt be charge~into- the mortgage account and became an integral part thereaf. subject in all respects to the terms. conditions. and covenants of the afa~esaid pramissory ~ote, and this mortgage. as fully and to the same extent as thoush a part of the original indebtedness evidenced by said note and secured by this mottgage. excepting however, that said sums shall be tepaid the Alortgagee forthwith upon its demand and be in addition to the tegulaf monthly iastal!- ments provided by the mortgage note. That the abstract or abstracts oi title cov~ring the morigagad propecty shail at al! times. dusins the life of this mortgage. remain in possession ot the Mortgagee and in event of the foreclosure of this mortgase or other transfet of ~title to the mortgaged propetty in extinguishinent ot the indebtedness secuted heteby, all tight. title . and interest of the hlortgagor in and to any such absuacts o[ title shall pass to the putchaser ot grantee. 4. To the extent of the indebtedness of the Mortgagor to the ;Nortgagee described herein or secured hereby. the Mort6agee is hereby subrogated to the lien or liens and to the rights of the ownecs and holders "thereof of esch and every mortgag~, lien or other incumbrance on the land described herein which is paid andlor satisCed, in whole ot in part, out of the proceeds of the loan described herein ot secured hereby. ind the respective liens of said mortaages, liens or other incumbrances, shall be and the same and each of them hereby is preserved and shall pass to and be held by the Mortgagee herein as security for the indebtedness to the Mortgagee herein described or hereby secured, to the same extent that it would have been preserved and woufd have been passed:to se~d been hzld by the !~lortgagee had it been duly and resularly assisned. transfened, -set over, and delivered unto the Mort- gagee by separate deed of assignment. notwithstanding the lact thal the same may be satisfied and cancelled of record. it being the intention o[ the partics hereto that the same will be satisfied and cancelled of recotd by the holdets thereof at or about the time of the recordins of this mottga~a 5. In the event the ownership of the mortgased premises, or any patt thereot. becomes vesied in a pc~son other than the !Nortgagor, the 1Aortgagee may, .without notice to the Mortgagor. deal with such successor or suc- ' cessors in interest with refecence to ti~is deed and the debt hereby secured, in the same manner as with the Mort- gagor without in any way vitiating or dischargina the Mortgagoc's liability hereunder Qr upon the debt hereby secured. No sale of the ptemises hereby mortgaged and no forbeuance on the part of the Mortsa6ee, and no ea- tension of the time for the payment. of the debt hereby secnred given by the Mortaagee'shall operate to release. ~ ' discharge. modify, chanse or affect thc ori~inal liability of the Mortaaaot herein either in whole ot in part. 6. The lien of this deed secures and shall contioue to secwe payment-o[ said indebtedness or indebted- . f ness, however evidenced. whether by said promissory note ot any renewal or extension theteo[ or substitute there- ` [ot, ot othetwise. until all such indebtednesa shail have been fully paid. ~ T. In the even~ the mortgagors sell~ convey or ~~ansjer the mortgaged prernises during tbe liJe oj this mort- ~ gage, then this mortgage shall, at the option oj the Alortgagee herein. 6econ~e inunediately dut nnd payoble Jor tht ju!! sum oj the principal 6alance and interest then due. . " 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs. pasonal representativ~~, successors and assigns of the respective parties hereto. Wherever used the singular number shall inclnde the plural and the plural the singular, and the use of any gender shall incl~de all genders. Sigoed. sealed and delivered in the presence of: (Seal) ~ r j ~ FIIED AHD KcCO ~ fSeal) ROCfF. ?iIITRAS . ~'f ~ CLERK Ci :~UtT COURT ~ ( aFCORn Vf?'FIED.r.-- ~ ~ STATE OF FLORIDA _ 26 I2 13 PH s~ - COUNTY OF~ ss ST. LUCIE ' Before me personally appeared IRENE JACKSON, - an unmarried wOmBR, ~ ~ to me well known and known to me to be the individuals desctibed in and who executed the fotesoing insuument. ~ and acknowledged before me that they exec.uted the same [or the purposes therein expressed. WITNESS my hand ~ and official seal in the County a~d State Iast aforesaid this 16th D8y of November, 19~~F _ ~ ;,-:l.-,t.; ;``~~iu,:,iri, ` . `i°~l c'~ i,~ :---:-.L . . . O i~'' . . • ~ . ~ tir.- y p June 30, 1975 Flo ?,~1.~$ N Commission Ex ires: Notaty Public, State of ''~f•.~.. .k~ r ' * ~ . 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