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Home My WebLink About0827 Our file 5-31,915 tA~~ mo~t~a~er .N .~thr~ tqn+fr~ ul utir W the mw~~a~cd poperty ~n e?un~wahmenl ul the ~ndt~tednr~~ ~Rwrd Ar~c~>. ~U n~th~, iulc end ~n~err~~ uf tAe \1i~~~~a~or ~o and ~o any ~nswance Dol~c~ec ihen ~n furee shall paas lo ihe purchascr ur rtaMCr. (h1 Tu pcrl~wm, ~utnply rnth and a~ide by tach and every the st~pulat~ons, a~reements, conJ~hoe~ rnd cuveo~ms ~n s~~d D~um~~aorY no~e and m thi. derd .et [ortA. l~ 1 That any uf .a~d sums uf mooey he~e~n rcfonrd to be not ptompUY and (ully pa~d ~nA~n (~fteen Qays nea~ a(te~ tTe same severaily be~omes due and paYahle,or eacA and every tAe supula~~ons, a~reemem., cond~i~oos and covenan~s of ss~d prom~s- say note and tMs deed, or euAe~, are not (ully performed, cixnpl~ed WuA and~ aD~ded by, ~Ae +~~d ag~re~ate sum menuoned in sa~d prom~ssory note shall become due and paYable forthW~tA or thereatter •t tAe ophon o( tAe Mortp~ee ss fully and comple~ely as d ~At ssid aa~repte swo of sa~d prom~c~wY note ~ras on~mally shpulated to bt pa~d on such d~y, anylhro~ m sa~d prom~ssory note ~x hcrc~n to the contrary notruhs~and~n(t. 1 Thai ~n wder to accelera~e the maiunty of the indebtedness he~eDy secu~ed, because uf the ta~lure o[ iAe ~lortsa~o~ ~o pay any ~ax, ~ asse.sment, hab~hty, ubl~~suo~ ~x rncumbranct upon sa~d p~operty, as Aere~n provided, ~t shall not be necessary or rrQu~sut tAst the mat~a~te shall (usf pay the same, g S ' 2. The \tottgagee may, at his opt~on, and without waiving his right to accelerate the indebtedness hereby ? secured and to foreclose the same, pay either before or aftet delinquency any or all oi those certain obligations required by the terms hereof to be paid by the Alottgagot for Ihe protection of the mc~rtgage security or for the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the 4lortgagee shall be charged into the mortgage account anJ become an integtal part thereof, subject in all respects to the terms, conditions, and covenants oG the aforesaid promissory note, and this mortgage. as fully and 1o the same extent as though a part o[ the original in~ebtedness evidenced by said note and secuted by~ this mortgage, excepting however, that said ; sums shall be repaid the \lortgagee forthwith npon its demand and be in addition to the regular monthly install- ~ ments provided by the martgage note. That the abstraci or abstracts of title covering the mortgaged property shall at all times, during the life of this rm~rtgage, remain in possession of the !1lortgagee and in event of the foreclosure of this mottgage or other ~ trans(er uf title to tfie mottgaged property in extinguishment of the indebtcdness secured hereby, all tight, title ~ and interect of the ~lortgagot in and ta any such abstracts of title shall pass to the purchaset or grantee. ? 4. To the extent of the i~ideb:edness oi the Mortgagor to the Mortgagee described herein or secured hereby, the !1lortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each and every mottgage, lien or othot incumbrance on the land described herein which is paid and!ot satisfied. in whole or in part, out of the proceeds ot the loan described herein or secured hereby, and the respective liens of said moctgages, liens or other incumbrances, shall be and the same and each of them hereby is preserved and shall pass to and he held by th~ ~lortgagee 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 ~ held by the ~lortgagee had it been duly and regularly assigned. ttansferred, set over, and delivered unto the Mort- ~ gagee by separate deed of assignment, notv?•ithstanding the fact that the same may be satisfied and cancelled of record, it being the ~ntention of the pacties hereto that the same will be satisfied and cancelled of record by the ; holders thereof at or about the time of the reco~ding of this mortgage. 5. ln the event the ownership of the mottgaged premises, or any part thereof, becomes vested in a person other than the ~lortgagor, the ~lortgageo may, without notice to the Mortgagor, deal with such successor or suc- cessors in interest Nith reference to this deed and the debt heteby secured. in the same manner as with the Mort- ~ gagor Kithout in any way vitiating or discharging the Mortgagor's liability hercunder or upon the debt hereby 4 ; secuted. No sale vf 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. ~ discharge, modify, change or affect the original liability of the ~lortgagor herein either in whole or in part. j 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- ; ness, however evidenced, whethet by said promissocy note or any renewal or extension thereof or substitute there- ! [or, or otherwise, until all such indebtedness shall have been fully paid. ~ 7. ln Ihe event rhe mortgago?s sell, convey or transjer ~he mortgaged p~ernises during the liJe oj this rnort- ; gage, then this mor[gage shall, at the oplion oj the ~llortgngee herein, becorne imneediately due and payable jor the ~ 2 Jul! su?n oJ 1he pr~ncipa! balance and interest then due. ~ ~ 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs. - ; ~ personal representativc~, successors and assigns of the respective parties hereto. Wherever used the singular ~ number shall include the plural and the plutal the singular, and the use of any gender shall include all genders. ~ ~ Si ed, seale nd d iver i the pre ence of: ~~~1Q~•fs- , (Seal) ~ / ° o ~ ~SeaU ~ ' Ly3(~Q ~l~ ~ ~ ~ ^ STATE OF FLORIDA ~ COUNTY OF~~ ~s - ST. LUCIE ~ ,wife, '3 Before me personally apPeared CECIL BENNY JOHNS and PAULINE VIRGINIA JOHNS ~ h~s ~ to me well known snd known to me to be the individuals described in and who executed the foregoing insttument, and acknowledged before me that they executed the same (or the purposes theroin expressed. WITNESS my hand s _ and official seal in the Co~n!y and State last aforesaid this ZSt Day of Mareh, 1975 ~ - ~ ; - t i : ~ ~ ~ ~ : ~1y Commission Expires: Jurie 3O ~ 1975 Notary Public, State of Flori ~=~a ,•'L~ ~ _ r ~ - Q . ~ "E~ F ,~~;R~ ~p. ~~~~j ~r _ =J'`~ ~ ' : ~ S.~ ~`?r,1~ :.O:~y~A~S, ~ ~ w`-+J - - _ : q C f ^`?:i "v0''R ~ - . , ,`:.~f ~ C~ [ C ~C t~ .~.r~ . _ ~•~...ra~• . . ~ ~ , 43~~'~5 ~aooK~~' ~ . _ _ 1 L , ~ acE g~ ~ ~ ~ , ~ - - _ _ ~ ~ . _ _ _ . . : .