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Home My WebLink About1193 t ~ Our file 5-31,548 ih~+ munraKc w utAer Uanste~ uf ~Ule w ~Ae mort~a~ed poper~y m exuntwshmen~ u~ ~he ~ndtb~eJne+~ .e.wrd he~c~). +tl i~~hi, ~~+ic ' an.1 ~merex~ ut the ~1~x~p~w ~n •nd to any ~nsur~ece pol~cies then in force shall pass lo the pwchssc~ m~~.n~ce. i ._.w 1 (A1 To pa~~.~m. camPly ~~tA and ab~de by eacA and erery the at~pulahoas. a~reements. cond~uons ~nS :~.c:::-es t note •nd ~o ~h~. deed .et fo+tA. hf~eeo ~ays nea~ sl~e~ l~ 1 That any o( sa~d sumc ut moneY ~ere~n refer~ed to bt not prompUY and tuliy pa~d +~th~n the same se~erally becumes yiue and paYaAle.a 1f eacA sod every tht sapul~uoos, a~~eemems. co~d~uona snd covenants ol sa~d pranu- say notc snd ~Ms detd, or euher, s~e not fully perta~aed, c~wnD~~ed ~r~th and ab~ded by, ~Ae .a~d artrepte swn meeuoned ~n s~~d prom~ss«y oo~e sAall becoae due and paYable (athW~th w tAerea(ter at the opt~on of the Nat~asee as (ully and completelY ~x ~f the s~~d atpe~ate sum of sa~d promissay note +ras ot~~~na11Y s~~pulated to be pa~d m sueh daY. anyth~n~ ~e s~~d pramssory note or herein to ~Ae conuary notrithsqedm{. ` V) That m aJt~ to acceieratc tle: ~aeurNY o~ ~Ae indeAtedness hereAy secwed, because ol the (a~lurt of ~he Ato~~~~~w ~o D~Y ~^Y asse.smen~, IubiluY. ~~~t~t~~^ encumbnnce upon sa~d propertY. as Aere~n prov~ded, sAall not be neces~ary ot teQu~s~tt thsl ihe mocttatte shsll (~tst paY ~he same. 2. The \tortgagee may, at his option. and without waiving his right to accelerate the i~debtedness hereby ~ecured and t~~ forecluse the same, pay either before or after delinquency any or all of those certain obligations r~quired by the terms hereof to be paid by tfie Nortga6or for the protection of the mortgage security or for the col- lection of the indebtedness hereby secured. Ali sums so advanced or paid by the Mortgsgee shall be charged into the mortgage account anJ became an integral part thereof. subject in all respects to the terms. conditions, and covenants of the a~oresaid promissory note. and this mortgage. as fully and to the same extent as though a part of ~he orisinal indebtedness evidenced by said note and secured by this'mortgage~ excepting however. that said sums shall be repa~d the Mortgagee forthwith upon its demand and be in addition ta the regular monthly install- ments provided by the matgage note. 3. That the abst~act or abstracts o[ titte covering the mortgagcd property shall at all times, during the life of this mortgage, remain in possession of the Mortgagee and in event o[ the foreclosure of this mortgage or other transfer of title to the mortgaged Property in extinguishment of the indebtedness secuted hereby, all right, title and interest of the tilortgagor in and to any such abstracts of titte shall pass to the purchaser or grantee. 4. To the extent of the indebtedness of the Mottgagor to the Mortgagee described herein or secured hereby, the ~lortgagee is hereby subrogated to the lien or liens and to the rights of the ow~ers and holders thereof of tach and every mortgage, lien or other incumbtance on the land described hetein which is paid and!or satis[ied; in whole or in part, out of the proceeds of the loan described herein or secured hereby, and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each of them hereby is prese~ved snd shali pass to and !+e 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 field by the !1lortgagee had it been duly and regularly assigned. uansferred, set over. and delivered unto the Mort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it being the intention of the partics hereto that the same wiil be satisfied and cancelled o[ record by the holders thereof at or about the time of the recording of this mort~a~e. 5. In the event the ownership of the mortgaged premises. or any part thereof. becomes vcsted in a person other than the Nortgagor. the ~+lortgagee may, without notice to t~e Mortgagor. deal with such successor or suc- cessors in interest with reference to this deed and the debt hereby secured, in the same manner as with the Mort- gagor without in any way vitiating or discharging the Mottgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no ~orbearance on the part of the Mortgagee. and no ex- tension of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to release, dischacge. modify. change or affect the original liability of the Mortgagor herein either in whole or in patt. 6. The lien of this deed secures and shall continue to secure payment o[ said indebtedness ot indebted- 'i ncss. however evidenced, whether by said promissory note or any renewal or extension thereo[ or substitute thece- ! for, or othetwise, until all such indcbtedness shall have been [ully paid. € ~ 7. /n the event the mortgagors sell, convey or transjer ~he mortgaged premises du?ing the lije of t ~s mort- € gage, then this mortgage shall, at the option oj the Afortgagee herein, become inunediately due and payable Jor the ~ Jutl swn oj the principa! 6alance and interest then due. . 8. The temns "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs. personal representative~, successors and assigns of the respective patties hereto. Wherever used the singular number shall include the plural and the plurat the singular, and the use of any gender shall inclnde all genders. ~i..er~~et ~«zR'~~ Signed, sealed and delivered in the presence of: (Seal) i ~ ,L~r1~tUf0 tLEi~ =.:ytY fLA. ~S~al) ' N.~t.; ' T~ ai~RT L / ,•11~ V L fC<%~ ~ ` 1 Yt C K-(.. ~.1-E~`~' ~ t~' ~ a€r~a-? r' .r ~ ~ ua e~ ~7~ ~~6~ ~ STATE OF FLORIDA I ~ ~ 3 ~ couN'r ST.~LUCIE l SS ` Before me pessonally appeared PIERINA RIZZARD, an unmarried woman, ~z ~ to me well known and known to me to be the individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand ~ and official seal in the County and State last aforesaid this 4th Day of January, 1975 ~ ~ - ~ ~ ~ My Commission Expires: June 30, 1975 Notary Public, Stato of Florid ~ Y ~ ` ~ =~-+i.. :•s: ti = ~ - : ~`'~!`b~l~'-~~ 7 C t' ` ' ~ ~ p g ; ~floK 235 ~?~ii9z ~ ~ _ _ ~ ~