The URL can be used to link to this page

Home My WebLink About1190 • ~ , . Our file 5-31,552 ~ th~s mor~~a~ee .x other t~ancfc~ o( t~lle W ~he mor~~s~ed ptoperty eaUn~u~aAeatnt ul tht ~ndtNteJnr~a ~t~wcd he~e~), +11 nrh~. ~~tle aod ~merect oi ths \kNe~s~w ~n .nd co anY ~nswance poGues ~hcn ~n (orce shall pass ~o Ihe purchaxi a~ranue. (Al To prr(wm, c.ruplY W~th and ae~de by each and every the s~~pulaums, atrtemeots, cond~aon. and covenants ~n sa~d ptvm~tawy note and ~n ~h~s deed .et fwth. ~ (~1 TAs~ d any o( ~a~d sums o( ~ey here~n ~e(erted to be no1 p~ompUY and (ully pa~d ~uh~n fifteen QsYs ne~t a(ter tAe samc sevetally becaeas due and O~Y~ble,or if each and every tAe st~pulat~ons, a~reemen~s, condi~~ons snd covenan~s o( sa~d pros~s- sory note and tMs deed, or e~~her, are not fully per(oriaed. com0lied w?th and ae~ded by, ~Ae sa~d a~sre~a~e sum menuoned ~o ss~d prpn~ssorY oute shall becaae due snd OaYasle torNw~tA ar therea(ter at the option ot tAe N«t~s~ee as tully and completely is ~f tAe sa~d a~trt~ate swa ot sa~d proa+iasory note rras a~~~ea11Y supul~ted to se pa~d on such d~Y. anytA~n~ m sud prom~saory no~e or Aerein to ~he contrary notvr~tAslandm~. ? Tl~at m order to accelera?e the mawr~~y ot the indebccd~sss tstrcbp sccarcd, 4rcause o[ the [s~lvre o~ ~~e uor~~asor ~o pay anY ua. asse.sment, (~ab11~tY. op~~N~~~^ <^~umbrance upon sa~d p«perty, ss here~n provided, 1~ shali not be eeces~ary a reQwsue tAat the mortsa~ee shall f?rst psy the same. The ~lortgagee may. at his option. and without waiving his right to accelerate the indebtedness hereby secured and t~~ foreclose the same, pay either before o~ after delinquency any or all of those certain obli6ations required by the terms hereof to be paid by the Mortgagor fot the protection of the mortgage security or for the col- lection of thz indebtedness hereby secured. All sums so advanced or paid by the Mottgagee shall be charged into the mortgage account a~d become an integral part thereof. subject in all respects to the terms, co~ditions, 'and cov~nants of the aforesaid promissoty note, and this mottgage. as (ully and to the same extent as though a part of the original indebtedness evidenced by said note and secured by this mortgage, excepting however. that said sums shall be repaid the i~lortgagee forthwith upon its demand and be in addition to th~ cegular monthly install- mertts provided by the mortgage note. 3. That the abstracl or abstracts o[ title coverina the mortgaaed property shat( at all times. during the life of this mortgage, remain in posscssion of thc Alortgagee and i~ event of the foreclosute of this mortgage ar other transfer of title to the mortgaged property in extiaguishment of the indebtedness secured hereby, sU riaht. title and interest of the Nurtgagor in and to any such abstracts of title shall pass to the purchaser or grantee. 4. To the extent of the indebtedness ot the Mortgagor~ to the Mo[tgagee desctibed herein or secured hereby, the 4lortgagee is hereby subrogated to the lien or liens and to the rights ot the owners and holders thereof of each and every mortgage, lien or othet 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 herein or secured hereby, and the respective liees of said mortgages, liens or other incumbrances, shall be and the same and each of them heteby 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 would have been passed to and been ! held by the Vortgagee had it been duly and regularly assigned. transferted, set ovet, and delivared unto the Mort• ; gagee by separate deed of assignment, notwithstanding the fact that the same may be satis(ied and cancelled of i record. it being the intention of the parties hereto that ~the same will be satisfied and cancelled of record by the holdcrs thereof at o: about the time of the recording of this mortgage. 5. In the event the ownership of the mortgaged premises, ot any part thereof. becomes vested in a person other than the Martgagoc. the ~lortgagee may. without notice to the Mottgagor. deal with such successor or suc- cessors in interest with re[erence to this deed and the debt hereby secured. in the same mannec as with the hlort- gagor without in any way vitiat+ng or discharging the Mortgagor's liability hereunder or~ upon the debt 6ereby secured. No sale of the premises hereby mortgaged and no focbearance on the part of the Mortgagee. and no ex- ; tension of the time for the payment of the debt heteby securcd given by the Mottgagee shall operate to release. discharge. modi[y. change or affect the original liability of th~ Mortgagor hetein either in whole or i~ part. ~ 6. The lien of this deed secures and shall continue to secure payment o[ said indebtedness or indebted- ; ness. however evidenced, whether by said ptomissory note or any tenewal or extension thereof or substitute there- ~ for. or otherwise, until all such indebtadness shall have been [ully paid. 7. In the even~ the mortgagors sell, convey or [ransfer the"mo~tgaged pre~nises during the (iJe oj this mort- gage, then thes mortgage shall, at the option oJ the Afortgagee herein. become inunediate/y due and payable Jo~ the jull swn oJ the principat balance and interest the» due. . 8. The tertns "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs. personal representativ~a, successors and assigns o( the respective pazties hereto. VYherever used the sin~ulat number shall include the plural and the plural the singular. and the use of any gender shall inclnde all genders. Si ned, seale nd iv red i e p esence of: - Q"~""'`~' (Seal) ~ ~U-~ G(l.Q/L~sn ~Seal) ~ ~ ~~_e~ ~ STATE OF FLORIDA I ~ COUNTY OF ~I~C ~ ss ~ ST. LUCIE ~ Beiore me personally appeared ROYSTON E. WARREN atld MARION WARREN~ his wife, ~ to me well known and known to me to be the individuals descrihed in and who executed the foreEoing insttwnent. ~ and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand ~k and official seal in the County and State last afotesaid this 14th Day of Deeember, 1974 ~ - _ ~ - ~ ~ ' ' y" ,,,j ~i . :~`{rM ~ : ,r~+~ ~ ~ ~ty Commission Expires: JuIIe 30. 1975 Notary Public. _~t~te;of-} e t ~ _ ~r: ' . o = ~ s v,~GJRfE~, ' ~.,:~'n = - ~ f~~E[' '•R'~.:ti~t`~SY L ~~~~~j = .~J ~i. Sj-lV~ .~'•'+~"S~R t W y~ i Q~`•' f.`" r~t~t ~~L ~ : Gt ~ Ct~~~ - " ti ~ 3TA~~' ~ ~ 4~ 1QQN ~5 PACE~ ~ ~13 Z ~ ~ ~ ~ ~