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Home My WebLink About1887 Our file 5-31,566 tA~~ mor~~a~e ~K oiAe~ tran+(ei u( ulle w ~he mott~~ied poperty ~n e~unsui~~ment u~ tAe ~ndebteJne~a .ew~rd Aerc~~, all ~~~ht, ~ule an~1 ~merest a( Me Nw~~a~w ~n and lo any ~nsutance polic~es tAen ~n fwtt sh~ll pass lo ~Ae puahau~ w~un~ee. (A) To pe~l~wm, cumplY W~tA snd abide by tach and every the sUpulauons, speements, tond~hona and coven~ni~ ie s~~d prum~~siay note and ~n ih~~ deed sei (orth. 1 Th~t any ot sa~d sums ol ~ey here~e re(erred to bt no1 pranpily and tully ps~d ~uA~n f~fteen d~ys ne;l after tAe same severally Secaees Jue a~d psyabte, ot ~t each and every the st~pul~t~ons, a~reeme~tc, iomt~~~oos and covenanls o( ss~d pcaa~s- so~y nole and th~s deed, or e~Iher, are no1 fully per(ormed, compl~ed w~tA and ab~ded by, t~e .a~d a~Y~e~ate sum menlioned m sa~d ptan~ssory note sAsll becose due and psY~ble fatAv~th a tAereafler at the op~~on of the Na1`a~ee as (ully and completely as ~f the aa~d a«resate sum o( ss~d pram~ssay note rss a~pnally supul~ted to be pa~d on sucA d~y, anyth~n~ ~n sa~d prom~ssory eote or Aere~n : ~o the conlrary not~r~thsl~nd~eE. ~ 1 Tha~ ~n orde~ ~o accelerate the mawr~ty of the indebtedness hereby secwed, because ot tAe ta~lure of tAe Mwt~a~w to D~Y ~~Y asse~sment, Iu~~Gty, osl~s~uoe ix encumbrance upon ss~d property, as herem provided, rt shall no1 be oecessary or rcQu~site tAat the ~ mwt~a~ee shall fuc~ pay the san?e. 2. The ~brtgagee may, at his option. and without waiving his right to accelerate the indebtedness hereby ! secured and tu foreclose the same, pay either before or after delinquency any or all of those certain obligatio~s required by the terms hereof to be paid by the Nortgagor for the protection of the m~rtgage secucity or for the col- ; lection af the indebtedness hereby secured. All sums so advanced or paid by the !Nottgagee shali be chatged into ~ the mortgage account anJ become an integral part thereof. subject in all respects to the terms, conditions, and covenants of the aforesaid promissory note. and this mottgage. as fully and to the same extent as though a part i af the original indebtedness evidenced by said note and secured by this ~mortgage. excepting however, that said ~ sums shall be repaid the Alortgagee forthwith upon its demand and be in addition to the regular monthly install- t ments provided by the mortgage note. ' 3. That the abstract or abstracts of title covering the mortgaged pcoperty shall at all tim~s. during the life ~ of this mortgage, remain in possession of the Alortgagee and in event of the foreclosure of this mortgage or other transfer of title to the mortgaged property in extin6uishment of ihe indebtedness secured hereby, all right. title and interest of the Murtgagor in and to any such abstracts of title shall pass to the purchaser or grantee. t 4. To the extent of the indebtedness of the Mottgagor to the Mortgagee described herein or secured hereby, ~ the hlottgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each t and every mortgage, lien or other incumbrance on the {and described herein which is paid and!or satisCed, in i whole or in part, out of the proceeds of the loan described herein ot secured hereby. and the tespective liens of said mortgages, liens or other incumbrances, shall be and the same and each.of them heteby is pteserved 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 eztent that it would have been preserved and would have been passed to and been ~ held by the \tortgagee had it been duly and regularly assigned, transfened, 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 parties hereto that the same will be satisfied and cancelled of record by the holders thereof at or about the time of the recording of this mortgage. S. In the event the ownership of the mortgaged premises. or any part thereof. becomes vested in a persan • other than the !1lortgaaor, the Mortgagee may, without notice to the Mortgagor~ deal with such successor or suc- cessors in interest with reference to this detd and the debt hereby secured, in the same manner as with the Mott- gagor without in any way vitiating or discharging the Mortga6or's liability hereunder or uaon 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 sacured given by the Mortgagee shall operate to relesse. discharge, modify, change or affect the original liability of the Mortgagor herein either in whole or in part. 6. The lien of this deed secures and shall continue to secure payment of said ind~btedness or indebted- ; ness. however evidenced, whether by said promissory note or any renewal or extension thereof or substitute there- for. or otherwise, until all such intiebtedness shall have been fully paid. ~ ~7. In the event rhe mortgagors sell, convey or transJer ~he mortgaged pre?nises during the lije oj ~his inort- ~ gage. lhen this mortgage shall, at the option oj the Afo~tgagee herein, 6ecome iriunedia~ely due nnd payable jor tlte ~ jul! swn oj ~he principal balance and interest then due. t 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs~ ~ pecsonal representative~, successors and assigns of the respective parties hereto. Wherever used the singular ~ number shall include the plural and the plural the singular, and the use of any gender shall include all genders. . i Si ed. seale nd de ' cd n th rese ce of: ~(Seal) ~ ~~~'-rn~V~~ (Seal) ~ 7~ ~ ~yr(~-/Gt~ ~ ~ `r. ~ STATE OF FLORIDA I ~ COUNTY OF~ j ss ~ ST. LUCIE ~ BeCore me personally appeared g~JAMIN GOODWIN JR. and ERNESTINE GOODWIN~ his wife~ to me well known and known to me to be the individuals described in and who executed the foregoing instrument. `°r~~`- 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 afotesaid this 2nd Day of January, 1975 ~ ~ ~ ~ . ~ .;<<~ r t i ~ _ - ~ ~ ~+1y Commission Expires: June 30, 1975 Notary Pubiic, State n`~.~~~ • f' ' e E ~ f11.E~ ~011~tY F1.~ ~ , ; cL % ~ ~~E ~S : ~ ~ ~ Y ! gt.1A F ptZ R u1t1 ~ ~ Po~[' 1~ po ~ ~ C`~pK c,' ..C E~ r'' '~b~'' rrQ~~~~~ ~ ~ . ,~5 ~ - o..-:= ~ RE ~ 8T A'~ ~n ~4 ~ ~ ~ d-~ ~ ~ ti~ 2~~~~5 ~ ~~~r ~3~ t ~.~,:1886 ~ ~ ~ - - ~~r