The URL can be used to link to this page

Home My WebLink About2848 ~ . • . Our file 5-31,826 ~ ~~~x nwr~~a~e w u~hr~ traos(c~ of ulle w ~he mmt~s~ed ptope~ty in e~un~u~sAmen~ ot ~Ae ~nde~tedncsa ~ecwcd he~eby, ~11 n~At, hUe and ~nierest ut the Mort~s~w ~n and Io any ~nswance polic~ea thee ~n torce shsll psss lo the purchsser or ~ran~ee. (hl To pe~f~rm, cumply +r~th snd •p~de by esch •nd eve~y tAe at~pulst~ons, •~ree~ents, cond~~~ons and covtnan~s ~n sa~d prwaisso~y noie and In iA~~ deeJ set twiA. Tha1 any of sa~d sua~a o( moeey he~em reterred to be eo1 prasptly a~?d (ully pa~d ~~Ih~~ t~fteen Qays nea~ a(~er the san+e sever~lly becowea due and psYaele.or if each snd every tAe s~~pula~~ms. ~~reeieeets, cond~t~oas and covenanb ot s~~d Oros~s• ~ say note aod th~s deed, or euhe~. are not tully per[awed. caapl~ed WitA snd ~e~ded by, ~he ~aid a~{re~ste swa menuoned ~e ss~d pamssory note shall Secaae due and psYa0le fortAW~tA a there~ttet at the op~ion of IAe Mort~s~ee as (ully and completely as ~f ~he aa~d a~pe~ate suw ot aa~d praniasay no~e ~r~s or~~~naily :tipul~ted to be paid m suoA d~y, aaytAin~ m s~id prom~ssoty no~e or here~e to Ihe contnry not~r~Ihsland~n~. ) That ~n ader to acceler~tt the matunty ot ~he indebtedness Meteby aecured. bec~use ot the fa~lure of the AAorl~a~a to pay any ua, asaessmen~, Iu~~1~ty, obli~~~ion or encwnMance upon sa~d p~ope~ty, as hete~n prov~ded. shall not be neces~ary a reQu~si~e ~hat ~he moct~s{ee shall tust p~y tAe sa~ae. 2. The titortgagee may, at his option. and without waivina his ri~ht to accelerate the indebtedness hereby secured and tu foreclose the' same, pay either before or after delinquency any or all of those certain obli6ations ; required by the terms hereof to be paid by the Mort6aaor for the protection of the mo~tgage security or for the cot- lection of the indebtedness hereby secured. Ail sums so advanced or paid by the Mortgagee shall be char6ed into the mottgage accoUnt anJ l+ecome an inte6nal part thereof. subject in all respects to the terms, conditions, and covenants of the aforesaid promissoty oote, and this mortgage, as fuliy and to the same extent as thoush a part af the oriainal indebtedness evidenced by said note and secuced by this mortgaae, exceptin6 however. that said sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regular monthly install- ; ments provided by the mortsage note. ' 3. That the abstract or abstracts of title coverin6 the mortgaged property shali at all times, durine the life of this mottgage. remain in possession ot the Alortgagee and in event of the foreclosute o[ this mortgage or other tcansfer of title to the mortgaged property in extin6uishment of the indebtedness secured hereby. all ri6ht. title and interest oi the Murtgagor in and to any such abstracts of title shall pass to the purchaser ot grantee. 4. To the extent of the indebtedness of the Mortgagor Eo the Mortgasee described hecein or secured hereby, the Mortgasee is hereby subro~ted to the lien or liens and to the riahts ot the ow~ers and hotders thereof of each and every mortgage, lien or o er inc~unbrance on the land describe erein which is paid and/or satisiied, in whole or in part, out of the praceeds ot the loan desctibed herein or se ed hereby, and the reapective liens of said mortgages, liens or other incumbrances, shall be and the same and each of them heteby ia preserved and shall pass to and be held by the Mortgagee herein as security [or the indebtedness to the Mortgagee herein described . or hereby secured, to the same extent that it would have been preserved and would have bcen passed to and been held by the !~lortgagee had it been duly and regularly assigned, transferred, set over, and delivered onto the Mort- gagee by separate deed of assignment, notwithstanding the fact that ihe 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 recocd by the holders thereof at or about the time of the recordins of this mortgage. S. In the event the ownership of the mortga6ed preEnises. or any part theteof. becomes vested in a person other than the Mortgagor. the Mottgasee may. without notice to the Mottgagor. deal with such successor or suc- cessors in interest with reference to this deed and the debt hereby secured. in the same man~er as with the Mort- ga~or without in any way vitiating or discharging the Mortgagot's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortga6ed and no forbearance on the part of the Mortgagee, and no ex- tension of the time for the payment of the debt hereby secnred 6iven by the Mortgagee shall operate to relesse, dischar~e, modify. chan6e or affect the original liability of the Mortgagor hereie either in whole or ia part. 6. The lien of this deed secutes and shall continue to secure payment of said indebtedness or indebted- ness. however evidenced, whether by said promissory aote or any renewal or eztension thereof or substitute there- for, or othetwise. until atl such indebtedness shall have been [ully paid. ! 7: ?n the event the mortgagors sell, convey or transjer the mortgaged pren~ises during the lije of this n~ort- i gage, then this mortgage shall, nt the op~ion oj the Afortgagee herein, become imn~edietely due and payable jo~ tht ~ jult sum oj Ihe principal balance ond interest then due. ~ ~ 8. The tertns "Mortgagor" and "Mottgagee" whenevet used in this instrument shall include the heirs, ; petsonal representative~, successors and assi~ns of the respective pazties hereto. Whetever used the singulac ~ number shall include the plural and the plural the singular, and the'use of any 6ender shall include all genders. ~ . ~ Si ne , sealed d er in presence of: - Q~~ ~.~a~„~ ISeal) ~ STATE OF FLORIDA ~ COUNTY OF~R ss ST. LUCIE ~ Before me pecsonally appeared JOHN E. MORGAN and MARY JANE MORGAN, his wife, _ f to me wel! knovm and known to me to be the individuals desctibed in and who executed the foregoing insttument, r: ~ and acknowledged before me that they executed the same for the purposes therein expcessed. WITNESS my hand ~ and official seal in the County and State Iast afotesaid thi 22nd Day of February, 1975 ~ ~ ~ ~ ~ June 30 1975 ' - 1~{y Commission Expires: ~ Notary Public, Scaee of-~'~~ • e • - ~ ~r ADEO ~ _ . : . ~ r ' ` ~ F11.E~ RKU L~ ~ : S G ' ' lUC1c C~~NTY fU. . r - - S1• ~ ~qi~R/.5 - ~'rQ;' ~ ~ = ROG-:. -~~ti COIfRt ' ~ ~ : ~ ~ . ~ ~ CLE~Ii C~.~~ - ~t~ J , :~I c ~ - ~ C4qi~ VE~I. 1E'. . •f-' • G; ~ . 't tc.' ` RE , > . . A • 4 K' ~ ~ ~ ~ ~ 3 11 is ~Y ~,.~T~~;~,,.. ~ o R 2~36 28~5 . ~ aoox ~ac~ ~ ~ ~ ~ ; y , ; ~ ~ ~ ~~,~~~~,~w~--~~~:.~ tn=~ ~