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Home My WebLink About0987 . (~ur fil~ 5-3~. ~901 th~. mu~t~eagr ,~r oihri t~~n.~rr nt ~~tlr tu ~he murtrat~d prupr~t~ in e~i~n~u„hrr.ent u~ ihc ~ndcDtc nc~..c.~~r r~c~~1. ~ ~~~~th~, t~tlc ~rd ~ntore.i Me \langa~~r ~n rnd ~u ~nv ~nsu~~ncc p~~l~c~cc then in torre +Aall pa~a ~o thr purah~.er ur gren~cc. (h1 Tu prrln~m. :~unplY ~~th and ab~dc by each a~d everv tAe st~pulaUOns. a~reemen~s. cund~~~on~ and cocen~m. in .~~d prumi.~~~~> nole •nd ~n ~h~. dccJ .N IurtA. 1 Tha~ any ul ~a~1 ~um~ ut monc) hc~tin rcfc:rcd :o be nut prompUy and (uUy pa~d w~th~n f~fieen diys ne+c~ alter thc same ~evrr~lly ~eaomes due and paya~le,or d cuh and every the st~pulauuns, a~~eemro~.; .und~t~on. •nd covenanu o( sa~d p~an~s- wry note •nd th~s dced, or e~thr~, are no~ (ully perfo+med, iumpl~ed ~~th and aA~ded thc .a~d aggrcga~e sum menuuned ~n s~~d prwmsscu~ nute shall becumC due and pa>~ble (wlh~~lh w therca(ter at the opuon o( iAe \1ur~ga~ee as (u11Y and compleicly ac lhe sa~d a«rc~a~e sum a( sa~d p~cxm~.ury note vras onsmally supulated to be pa~d m such daY. anythm~ m sa~d prom~ssory no~e or he~c~n tu tAe comrary not~uhstandinE. 1 Thrt ~n ordcr io arcelera~e ~he m~wnty ot the mdebtedaess herehy .ecu~ed, because u( tAe (ailure of the \lur~gagor to pay any U?, es.e.sment, IiaA~luy, ob?~~auon nr rn.umbrance upon sa~d pro~rty, as Aerc~n prov~ded, ~t shall no~ be oe.e.r.ary ~x rcaws~te ~hat tAe muctEagee shall fir.~ pay the same. The \tortgagee may, at his opt~on, and without wa~v~ng his r~ght to accelerate the indebtedness hereby secured and tu forecluse the same, pay either before or after delinquency any or all af those certain obligations required by the terms hereof to be paid b}~ the \lortgagor for the protection of the mortgage security or for the col- , lection of the indebtedness hereby secured. All cums so advanced or pa~d by the ~lortgagee shall be charged ?nto the mortgage account anJ hece~me an integral part thereof, sub~ect in all respects to the terms, cond~tions, and cuvenants of thr af~~resaid prom~ssory ~ote, and this mortgage, as fully and to the same extent as though a part of the ariginal indebtedness e~~~denced by said note a~d secured by this mortgage, excepting howevet, that said sums shall be repaiJ the 1lortgagee forthwith upon its demand and be in addition to the regular monthly install- ments provided by the mortgage note. 3. That the abstract or abstracts o[ title cover~ng the mortgaged propetty shali at all times, during the life of this fllc"~Ti~3hi, r<<::air ~a pa3s~~s=L~r~ Lf th° `=!^~:g3g:e and :n event of ihe foceclos~re of this r.:ortgagt ar othzr transCer of title to the mortgaged ptoperty in extinguishment of the indebtedness secured hereby, all right, titte and interest of the ~1.~rtgagor ~n and to any such abstracts of title shall pass to the putchaser or grantee. 4. To the extent of the ~ndebtedness of the Mortgagor to the !1lortgagee described herein or secured hereby, t~e \lottgagee ~s hereb~• subrogated to the lien or liens and to the r~ghts of the owners and holders thertof of each ' and every mortgage, lien or other incumbrance on the land described herein which is pa and'or satisfied, in whole or in part, out of the proceeds of the loan described herein ot secured hereby. and t e tespective liens of said mortgages, liens or other ~ncumbtances, shall be and ~he same and each of them hereb~s preserved and shall pass to and he held by the ~tortgagee herein as security fot the indebtedness to the Rlortgagee herein described or hereby secured, to the same extent that it would have been pteserved and would have been passed to and been held by the ~lortgagee had it been duly and regulafly ass~gned, transferred, set over; and delivered unto thc Mort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it being the intent~on of the patties hereto that the same will be satisfied and cancelled of recotd by the holders thereof at or about the ume of the recording oC this mottgage. 5. In the event the ow~ership of the mortgaged premises, or any part thereof, becomes vested in a petson other than the ~k~rtgagor, the ~tortgagee may, without notice to the Mortgagor, deal with such successor ot suc- ! cessurs ~n ~nterest ~ith reference to this deed and the debt hereby secured, in the same manner as with the Mort- f gagor without in an~~ way vitiating or discharging the Mortgagor's liabiliry hereunder or upon the debt hereby ; secured. No sale of the premises hereby mortgaged and no forbearance on the patt of the Mortgagee, and no ea- E tension of the teme far the payment of the debt hereby secured given by the Wortgagee shall operate to telease, E discharge, modify, change or affect the origina! liability of the Nortgagor herein either in whole or in part. E 6. The lien o( this deed secures and shall continue to secure payment of said indebtedness ot indebted- ness, however evidenced, whether by said promissory note or any renewal or extension theteof or substitute there- for, or otherwise, until all such indebtedness shall have been fully paid. z 7. !n the e~~ent the mortgagors sell, convey or transfer the mortgaged premises du?ing the lije oJ this ~norl- = gage, then this mortgage shall, at ~he option of the Ifortgagee herein, 6ecome immedialely due and paya6le Jor the Jull sum oJ the principal balance and interest then due. ~ ~ 8. The terms "Mortgagor" and "Mortgagee" v?•henever used in thic instrument shall include the heirs, : ; ~ personal representativt~. successors and assigns of the respective parties hereto. Wherever used the singular ~ A number shall include the plural and the plural the singular, a d the use o[ any gender shall include a11 genders. 3 ~ ~ J .7', ~ gned, seal and live d i e presence oL• G - (Seal) ~ ..i~-~''~ ~Seal) ` Lf~L~~v~ % . c~! -t~1~.2 ~ ' STATE OF FLORIDA I ' COUtiTY OF ~X~$~ ~ ~ ST . LUCIE ~ ~ BeCore me personaliy aPPeared CALVIN NELSON and ETHEL NELSON, his wife ~ ? ~ ` ` to me well known and known to me to be the individuats des~ti~cu ~~e anu wnu cicecuicc~ ihe ioregoing instrument, _ and acknow•ledged before me that they eaecuted the same for the purposes there~n expressed. WITNESS my hand and offic~al seal ~n the County and State last aforesaid this 1St Day of Mareh~ 1975 ~s a ;E ~ ' June 30 1975 ~ ~1y Comm~ssion Exp~res: ' Notary Public, State o[.'~~~xOr ~,8rg D~~ ~ = ~t~~RFLA - . f ~~f ^ ' ~ =~~•`x~~a _ ~ - : = ` SS ~U~'~ _ ;-"+,t~ 7~qt ~ ~ ~ _ , k~{ ~ ~ O~~~If,~ l e - . ~ ~trr `~c..i~i- ! - - : ~?i - • : r~ , f' • ~ ~ ~ _ ~ 9 0~ Ah ~ c~c~ _ . 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