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Home My WebLink About0361 Our File 5-31,646 ~A~s mortta~e w u~Ar~ ua~sfr~ uf utlt tu the monraYed property ~n eiun~u~shmen~ u~ ~ht ~ndcA~edne~~ .c. u~rd ~ercn). ,,U ~~rAi, ~~~Ir and ~~urect o( ~he \I~~~~~a~ur m and to anY msu~ance pul~c~es ~hen ~e (orce shall pus ~o the purcAuer o~ r~amee. (A) To ptrlMm, ?.rriply ~ruA and a~~de by eacA and every lAe supulaUons, a~rcemen~s, cond~uon~ and coven~m~ ~n .~~d prwm~sury note snd m th~s deeJ .e~ (orth. TAat ~f any uf sa~d sums uf muney Aere~n refet~rd to be not promptly and (ully pa~d ~uA~n (dteen Qays neat attct ~he same sererally becomes Jue sod payable,or ~f eacA aod every tht sl~pul~t~ons, a~~eements, .und~~~unc and covenants o( sa~d praa~s. sory note and ~A~s deed, or e~iAer, arc not fully pertormed. compl~ed W~tA and ab~ded by, the ,a~d a~~re~a~e sum ment~oned ~n sa~d pom~ssory note shall become due and payable fa~AW~th w therestter the opt~on ot iAe Nort~a~ee as fully and completely as d ~Ae sa~d a«re~alt sum o( sa~d promiccwy note W~s ai~~nally st~pul~ted to be paid on such d~y, anytA~n~ m sa~d prom~ssory eote on c~re~n to ~he contra~y not~r~ths~andin~t, V 1 That ~n order lo acceluate ~he matun~y ot the ~ndebtedness hereby secured, because o( the (ailure o( tAe Nwt~a~or to D~Y ~~Y assecsment, I~ab~lity, oDl~puon n? encum~nnce upon sa~d p~opetty, as here~n provided, u shaU eot be eerescary w reQu~s~~e that the mort~asee shali f~rct pay tAe same. 2. The ~iortgagee may, at his opt~on, and without waivit?g his right to accelerate the indtbtedness hereby ~~cured and to foreclose the same, pay eithet befote or aftet delinquency any ot all of those certain obligations required by the terms hereof to be paid by the Mortgagor for the protection of the mortgago security or for the col- . lection of the indebtedness hereby secured. Ali sums so advanced or paid by the tiMttgagee shall be ch~fged irito the mortgage accoune and become an integral part thereof, subject in ali respects to the terms, conditions, and covenants of the aforesaid promissory note, and this mortgage, as fully and to the same extent as though a part of the eriginal indebtedness evidenced by said note and secured by this mortgage, excepting however. that said sums shalt be tepaid the 111ortgagee fotthwith upon its demand and be in addition to the regular monthty install- ments provided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged property shall at all times. during the life of this mortgage, remain in possession of the Alortgagee and in event of the foreclosure o[ this mortgage ot othet transfer of title to the mottgaged property in extinguishment of the indebtedness secured hereby, all tight. title and interest of the ~lortgagor in and to any such abstracts of title shall pass to the purchaser or grantee. 4. To the extent of the indebtedness of the 4lortgagor to the Mortgage~ described herein or secured hereby, the Alortgagee is hereby 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 lund described herein which is paid and!or satisfied, in whole or in part, out of the proceeds of the loan described herein or secured heteby. and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each of them hereby is presetved and shall pass to and be held by the Mortgagee herein as security for the indebtedness to the hlortgagee herein described or hereby secured, to the same exte~t that it would have been preserved and would have been passed to and been held by the !1lortgagee had it been duly and regularly assigned, transferred, 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 ~ntention 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. 5. In the event the ownership of the mortgaged `premises, or any part thereof, becomes vested in a person other than the \lortgagor, the ~lortgagee may, without notice to the Mortgagor. deal with such successor or suc- cessots in interest w~ith reference to this deed and the debt hereby secured, in the same manner as with the Moct- gagor without in any way vitiating ot discharging the Mortgagot's liability hereundet or upon the debt hereby secured.~`Vo sale of the premises heteby mortgaged and no fotbearance on the patt oF the Mottgagee, and no ex- tension of the time [or the payment of the debt hereby secured given by the Mortgagee shall operate to retease, discharge, modify, change or affect the otiginal liability of the Mortgagor herein either in whote or in patt. 6. The lien uf this deed secures and shall continue to secure payment of said indebtedness or indebted- ' ness, however evidenced, whether by said promissory note or any tenewal or extension thereof or substitute there- ~ for, or otherwise, until all such indebtedness shall have been fully paid. ` 7. /n the evenl rhe mortgagors selt. convey or trnnsje~ the mortgaged premises during the li/e oj this ?nort- ~ a e, ~hen this mo~t a e shall, al the o tion o the A1o~1 a ee herein, 6ecome immediate! due and R 8 8 8 P I 8 8 Y paYable for the = jull su?n oJ the p?incipal balance and interest then due. ~ 8. The terms "Mortgagor" and "Mortgagee" wher~ever used in this instrument shall include the heirs. ~ personal 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 inctude all gendtrs. i( i ~ ~G ~ Sig d, sealed d liv ed i the presence of: (Seal) ~ ~ ~Seap ~ ~ y~~~q ~ t~ ~ G f-s~~t . ~ Y STATE OF FLORIDA I ~ COUNTY OF~~ ~ ~S _ A ST. LUCIE ~ Be[ore me personally appeared R.A. WHEELER and ADA WHEELER~ his wife~ 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 afotesaid this 23rd Day of January, 1975 3 ,~N~~t~qllr.. ~ l r ~ o ; : . ' ; , ~ _ ~ ~ ~ . ~ ' ~ • = ~ty Commission Eapiros: June 30~ 1975 Notary Public, State of Florid ~1 gE _ ~ _ - . = . : ; ~ . . - ; Ep r- • . n.~:..: ; ~ (~r~ ~ f ~15~-0 °4 uMj~ S ~ ` , ' ' ` . ~ st `~C1~~ ?~~SAI~?4UR1 ~~V I ~ - - • ~ C~Ef`K~~i1 j ~ RE~~kC yE ~ ~ -4Ze~1 0~ ~ ~ ~ ~ ~ ~ ~ _ a ~ P ' a- . _ ~ . , . . . . s. . . _ . s-1_.