The URL can be used to link to this page

Home My WebLink About1552 , . Our., file 5-31, 742 th~a m~x~~ta~te w a~hr~ uan~tci ol utlr w~he munrated poper~y ~n eaUnruuhenenl W ~he ~nde~~eJne~a ne.wcd Aere~). rU nrh~, uUc •nd ~nte~e~~ the Nurrsa~or m and ~o any mswance pol~c~es then m face shall pass 1o the purcAaur w rr~niet. ihl Tu prriwm, .wnply W~tA and sb~de ~Y esch ied every tAe supulauoos, apeements, cond~~~on~ and covtn~nu ~n s.~d pr~m~~aury no~e and m ~hu derd .r~ fortA. 1 That ~f any u( ~a~d suma o( muneY hert~n re(ened ~o be not pranptlY and [ully ps~d ~~~hin f~fltee Qays ntat a(ter the same severaliy pecomes due and paysble,or ~f each and eve~y the st~pula~~ons, a~reemenls, cond~~~ona and covenanls of sa~d prae~s• sory note and tA~s deed, or e~~her, are not fully performed, compl~ed w~tA and ab~ded by, tAe ,a~a ae~rejau sum ment~oned m ss~d prap~ssorY nu~e shall became due and paYyble (wth~r~tA a ~hereafter at tAe opuon o( tAe Noil~saee as tu11Y and complelely as if tAe ; sa~d a~tretate awa ot sa~d prom~~c«y note ~rss or~~~naily supul~ted to Se paid on sucA d~y, anytA~n~ ~n s~~d prom~ssory note a Aere~n ~ to ~he com~ary not~r~thsland~n~. V) Tha~ ~n ordsr ~o accelerate tAe mstunty o( the ~ndebtedness Aeteby secwcd, because o( tAe fa~lure of ~Ae Ma~~a~w ~o pay any ~a~, ~ asse.smem, Iub~i~ty, obl~sauon or rncumb?ance upon sa~d prope~ty, as here~n prov~ded, u shall not be aecessary or ~eQu~sne ~hat the ~ mor~~a~ee shsll f~rs~ pay tAe same. 2. Th~ Nortgagee may, at his aption, and without waiving his right to accelerate the indebtedness hereby ~ secured and to foreclose the same, pay either before or after delinquency any or all of those cettain obligatio~s ~ required by the terms hereof to be paid by the Mortgagot for the protection of the mcxtgage security or for the col• f lection of the indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be charged into the mortgage account anJ become an integtal part thereof. subject in all respects to the terms, conditions, aod cov~nants of the aforesaid prom~ssory note. and this mortgage, as fully 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 t?lortgagee iorthwith upon its dema~d and be in addition to the regular monthly install- ! ~ monts provided by the mottgage note. ~ 3. That the abstract or abstracts of title covering the mortgaged propecty shall at all times. duting the li[e of this martgage, remain in possession of the hlortgagee and in event of the foreclosure of this mottgage or other ~ transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all riaht, title and interest of the !1lortgagor in and to any such abstracts of title shall pass to the purchaser ot grantee. 4. To the extent of the indebtedness of the Mottgagor to the Mottga6ee described herein or secured hereby, the ~lortgagee is hereby subrogated to the lien ot liens and to the rights of the ov~rnets and holdets 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 o~ the loan described herein or secured hereby, and the respective liens of said mortgages, liens or other incumbrances, shall he and the same and each of them hereby is preserved and shaU pass to and be held by the Mortgagee herein as security Cor the indebtedncss to the Mortgagee herein described or hereby ~ecured, to the same extent that it would have been preserved and would have been passed to and been held by the ~lortgagee had it been duly and regularly assigned, transfened, set over. and deliveted unto the Mort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of ~ recocd, it being the inteotion 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 ot this mortgago. : 5. In the event the ownership of the mortgaged premises. or any part thereof. becomes vested i~ a person ; other than the !1lortgagor, the 5lortgagee may, without notice to the Mortgagor. deat with such successor ot suc- cessors in interest ~~ith roference to this deed and tbe debt hereby secured. in the same manner as with the Mort- ga6or without in any way vitiating ot dischatging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgased and no forbeacance on the part of the Mortgagee, and no ex- tcnsion of the time for the payment of the debt heteby secured given by the Mortgagee shall operate to release. ' discharge. modify. change or affect the original I~ability of 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 or indebted- ' ness. however evidenced, whether by said ~rumissory note or any renewal or extension thereof or substitute there- f for. or otherwise, until all such indebtedness shall have been fully paid. ' ~ 7. !n the even~ ~he mo~tgagors sell, convey or transjer the mortgaged premises during ~be li(e oj this ino~t- ! gage. ~hen this mortgage shall, ar the option oj the Afortgagee herein, become inunediately due nnd poyable jor the ; Ju1t sum oj the principal 6alance and in~erest then due. ~ 8. The tem?s "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, i personal cepresentativ~s, successors and assigns of the respective parties hereto. Wherever used the singular E number shall include the plural and the pfural the singular. and the use of any gender shall include all genders. ~ l k • I Si ed. sealed d de - ere in presence of: (Seal) ~ . ' ~Seal) , ~ r ~ s / ; ; ~ S ~ STATE OF FLORIDA I ' COUNTY OF O~}~C j ss ' ST. LUCIE Beforo me personally appeared RAYMOND B. VENCILL and JOY C. VENCILL ~ 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 expcessed. WiTNESS my hand E and official seal in the County and State last afotesaid this 6th Day of February, 1975 s # ` _yr - ~ ~1y Commission Expires: _ JUri@ 30~, 1975 Notary Public, State o~,'• $ fIl.EO ~M5 RECOgfLA. ' - • : ~ - ' ' T ST.IUC~E ~OU!itY - Q 1.~ - ; ROC~:. ~~;~TAAS _ ~ ~ _ : - _ g CLERK G~,:CIltT COURT _ ~ ~ : _ ' p=tOR'J V£f, ~IEO~ : ~ 4-~ ° • ~ • , ~ M,'S • . ~ F 1~ I k3 P ~.~f'•~••.......•• ; ~ ~ 0 R • ~ s ~ 301619 goox ~ Pa~ i551 ~ ~ ~ ~ ~ ~ ~ ~ ~ . : . : ~ x-~.~