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Home My WebLink About0315 E I • Our file 5-31,504 iA~. man~aKe .M o~hei uan.lc~ ul utlr w ~hc ma~r~red ptope~ty ~n eumruuhmenl ui ~hc ~ndehteanc+~ .e.~rcd Ar~o~>. rU ~~rh~. ~~~Ic and ~nureci u( ~he A1ur~~~~~~ ~n and ~o ant• ~nw~anre pol~cies tAen ~n torce shall paas to tAc purch~.cr ur r~an~ee. (hl Tu pcr~am. ..~mply ~UA ~nd ab~de by each and every ~he st~pulat~ons. ~~rcemen~s. cond~ho~s and coven~n~s ~n ~ud prumnau~y note rnd ~n ~h~. derd .ee forih. l~ 1 TAat d any of .a~d sums ul muney Aerc~n refcrrcd lu bc nut p~wapUy and tully Daid ~+~th~n lifteen ~aYs ntx~ a(~er the samt seve~ally becomes due and paYaAle, w d eac~ and every the supulauons. a~uemtnt., .ond~t~una aod covM~nts ol sa~d prams- say note and th~s deed, or euher, are ~ot (ully per[onaed, c~~mplwd ~c~~~ and a~~ded by, ?he .a~d ar~re~atc swn mcnuoned m sa~d m pum~sswy note shall become due and payable fatAr~th rx iherea(ur at tAe opuun o( the ~io~lp~ee as fu11Y +~d complete{y as d the sa~d a=~rtta~e sum o( sa~d prom~s~oty nott +ss w~~~na11Y supul~ted to De pa~d an such diY. aeytAin~ m sud prom~s~ory eo~e or hete~n to ~he contrary notruhstandm~. Q? That ~n order ~o rccelera~e the matun~y o( the mdebtedness Aere~y secu~ed, hecause u( lhe tailure o1 ~he Nortsa6or to pay any taa, •s.e.sment, Iu~~1~ty, obl~~ahw+ ~w rn.umbrance upcu~ sa~d prnperty, as herem prov~ded, u sAall not be ne~es~ary ot reQu~s~~e that the moet~a~ee shall (~rat ~ay the same. ~ 2. The ~lortgage~ may, at his opt~on, and without wa~ving his right to accelerate the indebtedness hereby secured and ta foreclose the .ame, pay either before or after delinquency any or all of those certain obligations required by the terms hereof to be paid by the ~lortgagor for the protection of the mortgage security or fot the col- lection of the indebtedness hereby secured. Ail sums so advanced or paid by the !~lortgagee shall be chatged into the mottgage account anJ become an integral part thereof. subject in all respects to the terms, canditions, and covenants of the aforesaid prom~ssoty note, and this mortgage, as fully and to the same extent as though a patt af the original indebtedness evidenced by said note and secured by this mortgage, excepting howevet, that said sums shall be repaid the Alortgagee forthwith upon its demand and be in addition to the tegular. monthly install- ments provided by the mortgage note. . 3. That the abstract or abstracts of title covering the mortgaged property shall at all times. dunng the life j ~f this mortgage, rcmain in passess~on of the ~lortgagee and in event of the foreclosure o[ this mortgage or other ~ ~ transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all right, title and interest of the ~tortgagor in and to any such absttacts of title shall pass to the purchaser or grantee. To the extent of the indebtedness of the Mortgagor to the Mortgagee described herein or secured hereby, the !1lortgagee is fiereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each and every mortgage, lien or other incumbrance on the land described herein which is paid and!or satisfied, in ~ whole or in part, out of the proceeds of the loan described hetein or secured hereby. aad the resptetive liens of ~ said mortgages, liens ar other incumbrances, shall be and the same and each of them hereby is preserved and shall pass to and be held by the Alortgagee herein as security for the indebtedness to the Mortgagee herein desctibed ~ or hereby secured, to the same extent that it would have been preserved and would have been passed to and been ~ held by the Vortgagee had it been duly a~d regularly assigned, transferred. set over, and delivered unto the Mott- ' gagee by separate de~d of ass~gnment, notwithstanding the fact that the same may be satisfied and cancelled of record, it being the intent~on of the parties hereto that the same will be satisfied and cancelled of tecord by the ~ ~ holders th~reof at or about the time of the recording of this mortgage. 5. In the ~vent the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the !1lortgagor, the ~tortgagee may, without notice to the Mortgagor. deal with such successor or suc- cessors in interest with teference to this deed and the debt hereby secured, in the same mannet as with the Mott- gagor w~ithout in any way vitiating or discharging the Mortgagot's liability hereunder or upon the debt hereby secured. No sa{e of the ptemises hereby mortgaged and no forboarance on the part ot the Mortgagee, and no ex- i tension of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to release, i discharge, modify, change or affect the original liability ot the Mortgagor herein eithet in whole or in part. ~ 6. The lien of this deed secures and shall continue to secure payment of said indebtedness orindebted- ness, however evidenced, whether by said prumissory note or any renewal or extension theteof or substitute there- ~ ~ for, or otherwise, until all such indebtedness shall have been fully paid. ~ ~ 7. In rhe even~ the mortgago?s sell, convey or t?ansjer the n~orlgaged premises during the lije oj this mort- = ~ Rage, then this mortgage s6all, at the option oJ the blo~tgagee herein, 6ecane inunedictely due and paya6le for the ~ Ju/l sum oj the principal balance and inlerest /hen due. ' ~ 8. The tertns "Mortgagot" and "Moctgagee" whenever used in thic instrument shall include the heits. ; personal representativ~~. successors and assigns of the respective patties hereto. Wherever used the singular ~ ~ number shall include the plural and the plural the singular, and the use of any gonder shall include all genders. i ; , Sig d, sealed an e~ ed the sence of: ~ ~ (SeaD ~ i ~ . ~Seal) ~ _ } ~ ~ ~ STATE OF FLORIDA I ~5 ~ COUNTY OF~~E ~ ST.LUCIE Be(ore me personally appeared BOB M. YOUNG and ROSALIE ANNA YOUNG, his wife ~ to me well known and known to me to be t~e indivi~uais describea in and wno eaecu[ed tee foregoing ins[rumen[, and acknowledged before me that thcy executed the same for the putposes there~n expressed. WITNESS my hand and official seal in the County and State last aforesaid this 21st Day of December, !~t 'F~ r ~ ~ I ~ 4 i~~ . i ~ ~ ~ ~ • - ~ S / June 30, 1975 nrid ' ~~l ~ ~ ~ ~1y Commission Expires: Notary Public, tate of - - ~ . :G~3CcO ~ • . _ ~ f1L`~ s~ ;.;ttTY fLA• ~ 1 ~ ' Sr.~o~,_ . -:As _ ~ . F~-' . ~l•R~---~'r \ ~ ~ :'i~. ~ CLc~;s• - • ~'r~'' . rr S7~~~~.`. ° 3 ' 3 ~i ~ 382 U P. A ~ ` SJC~~3~ P~(E J~~ ~3 ; - - _ _ ~ ~f. vn °s~~ _v . . _ . . . _ ~.~.4.