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Home My WebLink About1424 ~ th~s mw~~a~e w otAer tunsfe~ ot u11e w ~he mo~~~s~ed ptopcr~y m eat~n~u~shmen~ w ihe ~nd~b~fel~ neTi~~c~ir~e~~ ~+~~~~+t, ~~~le and ~n~e~e:t o( ~Ae Mai~a~w ~n and to any ~nswance pol~c~es ~hen ~n torce ahall pass Io IAe purcAaser o~ pan~ee. (h) To pe~(am, cwnplY W~tA and ss~de by eacA and ev~ry the shpulaha?s, s~roements, coodd~ons and covenants ~n sa~d prwmssory eo~t snd ~n ~h~s decd stt (ath. (i) Th~i sny o( ss~d sumx o( aw+ieY here~n reterred to be not promp~lY and tully paid ~nh~n f~f~eeo dsys nea~ a(~c~ tht same severally becomea due and Osyahie,a ~t eacA aod evety tAt st~pul~uons: apeements, cond~Nons aed coven~ets ot sa~d prom~s• say note and this deed. or euher, sre oo~ fully perfamed. caapl~ed witA and sb~ded by, ~he xa~d skre~s~e swa meeuoncd ~n s~~d pom~sso~y note sAsll Secome due and paY~ble (aU~v~th a there~(ter at tAe optian ot tAe ~1ort~a~te as fully aod tomplettlY ss ~t the ~..t ~~:J v wn~w vrae /v~~anallv atieul~ted to bt oa~d q1 sYCA d~Y, saYWin~ m ss~d pan~ssory note O~ f1Cfllfl , s1i~i ts~~sni~ a a~v y.~, s - - ~ ' ' , ~o ~he comrary not~r~iAs~aedm~• V) That ~n wder to accele~ate the ms?unty of the ~edebtedness Aeresy secured, bec~use o( the ts~lure o( the Alor~~a~w to p~y any t~R, asseasment, I~ab~61Y. obi?pt~oe ~ encumbrance upon sa~d properly, as here~n provided. ~1 shsll not be neces~ary a repu~site thN the mwt~a~ee shalt t~rs~ psy the same. 2. The \lortgagee may, at his option. and without waiving his right to acceierate the indebtedness hereby secured and to foreclose the same, pay either before or a[te~ delinquency any or all of those certain obligations required by thE.~'terms hereot to be paid by the Mortgasor for the protection of the mortgage security or for the col- lection af the indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be charg~d into the mortgage account and become an integral part thereof. subject in all respects to the terms. conditions, and covenants of the afaresaid pramissflry note. and this mortgage. as fully and to the same extenl as thouah a part of the oriaiaal indebtedaess evidenced by said note and secuted by this mortgage, excepting howevet. that said sums shall be rePaid the Alortgagee forthwith upon its demand and be in addition to the regular monthly install- ments provided by the mortgage note. 3. That the abstract or absuacts of title covering tiie mottgaged property shali at all times. during the life of this mortgage, remain in possession of the 111octgagee and in event of the foreclosure of this mortgage or ather transfer of title to the mortgaged propetty in extinguishment of the indebtedness secured her~by. ail riEht. title and interest of the Nurtgagor in and to any such absuacts of title shall pass to the putchaser or grantee. 4. To the extent of the indebtedness. of the Mortgagor to the Mortgagee described herein or secured hereby, the Mortgagee is hereby subrogated to the lien or liens and to the tights of the owners and holders theteof of each and every mortgage, lien or other incumbrance on the land described herein which is paid and!or satisfied, in wholc or in part, out of the prc~ceeds of the loan described hertin or secured hereby, and the respective liens of said mortgages, liens or othe~ incumbrances, shall be and the same and esch of them hereby is presetred and shall pass to and be held by the Mortgagee herein as security foc the indebtedness to the Mortgagee hetein 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 Atartgage~ had it been duly and regularly assigned. trans[ened, set over, and deliveted unto the Mott- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled o( record, it being the intention of the parties hereto that the same will be satisfied and cancelled of recotd by the -r.t_ _J:_ ..r.4:~ noicicrs incic~i ai oi avvaii iii~ i:iiia. vi i::c :~:.~:.~::::p ~=:s-e=• S. In the event the ownership o~' the mortgaged premeses. ot any part thereof. becomes vested in a person other than the hlortgagor. the ~IoTtgagee may, without notice to the Mottgagor, deal with such successor or suc- cessors in interest with reference to this deed and the debt hereby secured. in the same man~er as with the Mort- gagor without in any way vitiating or discharging the Mortgagor's liability hereunder ot upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the Mortgagee, and no ex- tension of the ~ime for the payment of the debt heteby secured aiven by the Mortgagee shall operate to release. discharge, modify, change or affect the original liability of the Mortgagor herein either in whole or in part. f 6. The lien of this deed securts and shall contiaue to secure paymenC o[ said indebtedness or indebted- ` ness, however evidenced. wh~ther by said ptomissory ~ote or any renewal or extension thereof or substitute there- ~ for, or othetwise. until all such indebtedness shall have been fully Paid. . 7. In the even~ the mortgagors sell. convey or transjer the mo~tgaged prernises du~ing ~he lije oj this mo?t- gege, th~n this mortgage shnll, at the oplion oj the Atortgagee herein, 6econ~e inunediate[y due and payable for the Jul! sum oJ the principal balance and inte~est then due. . 8. The terms "Mortgaaor" and "Mortgagee" whenever used in this instrwnent shall include the heirs~ personal representativ~~, successors and assigns of the respective parties hereto. Wherever used the singular number shall include the ptural and the plural the singular, and the use of any gendet shall inclnde all genders. Si ed, sealed and de~vere in the_presence of: (SeaU 1 G~~ll.(i (Seaq ' STATE OF FLORiDA I COUNTY OF ~X~IK ~ ss _ ST. LUCIE ~ Be(ore me personally appeared GEORGE LEE THOMPSON and CARETHA TH0I~SON, his wife to me well known and known to me to be the individusls described in and who executed the fore~oing insuument, and acknowledged before me that they executed the same for the purposes therein eapresaed. WITNESS my hand and official seal in the County and State last aforesaid this 19th Day of October, 1974 ~ ~ ` . : O J~ , ''~~l . a ~ t~f ~ , ~ly Commission Expires: Jutle 3O, 19~$ Notary Public, State _ ~ = 7~~' _;y;=~~.a. o .~=Q ay`, ' ~y~v f~~• ~ ' ~~.d, ; - Sj ~u~:C %~1~ -~~,5 j ~ ? Ri~~. ~:.i?' ~~~a , L r•tEu•`, - i~ ~ R ' F~~r' ~ f • . ' pLL ~~1~ ~D~K234 P~~E ~~1 -L3p~t+ , ~ ~ : . ; _ . _ - _ ~ _ _ -r . ~ . _ _ ~ - ~