HomeMy WebLinkAbout1327 . .C1ur f? 1_e ~ ~95
in~. mu~t~Ca~Cr o~Ao~ I~~n.Iri .~t t~tlr ~u ~Ac mor~rr~ed ptuporl~ in cz~~nXai~hmcn~ o~ ~he ~ndcb~ednr...c.~~cd h~~r~~~. .,i. r,~e~t, ~~r~e
,.nd ~n~rrr.~ ~~t ~Ae \1~a~r~~.~~ ~n •nd tu an> ~nsuun.r p~l~c~ec then in lurie ~nall p»x t:~ tAr pur~h~.n g~aniee.
!R? 1+ . - ^iv W~~A ~A~ 3A..}. A~ ~3.~1~ jn.1 rvr~y IAr c~. ul. „n .tr. ...r{..c~ , ..A. ~n1 ,..~~n~n~c .~7A
i''-'T~ - ~ )
nott ~nd ~n ~hi. AtrJ .r~ I~xth.
1 Th~t d any ..C .aid ~um~ ut moory Aert~n ro(ertcd to Ae nW p~umptly rnd (ull~ pa~d ~ith~n _(i(tccn Cay~ nex~ atter
the ~ame ~c.eully bc~omes Jue and paYaMe.ex euh •nd every tAe ~upula~~ons. a~ieemcne., ..~nd~uon. ~nd co~enantc ol ~a~d prwn~s-
sory nae end thu deed, w e~the~, ere no~ (utly per(ormed, c.~mpl~ed r~th ~nd 3o~ded b>, the ~~~d a~tgre6a~e Sum menuone~ .n sud
prum~xc~xf noie shali become due and paY~ble («tAr,~A ur the:~.fir~ •t tne opi~on ut che \tur~~ceree as fully and comple~el> ax ~f the
.a~d apgrcRete +um o[-s~~d prom~.~wy nate was or~~~naliy st~pulatcd ro he p;~~d an cutA da). anytAm6 ~n xa~d prcxnn.ory no~e or here~n
lu ~he coortary noi,?~ths~~nd~nE.
1 TAet in orde~ ~o eccelt~ate tht mawnt>' uf tht ~ndebcednes, hereey st~u~cd, hecause u( tAt fa~lure of tAe ~lurigagor ~u pay any ~a~,
rc.e.+men~, I~~MI~t~, obl~~~taon nr rn~umbranct up~n said prope~~y, a~ he~e~n pro~~ded, th~ll nut be ne~e~~ary w rcQu~s~te ~hat the
munEaEee sha!? fun~ pay tht same.
The \lortgagee ma~•, at his opuon, and without wai~~ing his right to accelerate the indebtedness hereby
+rrurrJ and t~~ forerluse the .:~me, pa~• either before or aflet del~nquency any or all of those cettain obligauons
required by thr terms hereof to be paid by the ~lortgagor ~or the protection of the rm~rtgage security or for the cnl-
le~uon of the ~ndebtedness hetcby secured. All sums so advanced or pa~d b~• the ~1~rtgagee shall be charged ioto
thr mottgage account and bec<~me an integtal part chereof, sub~ect in all respects to the term+, cond~tions, and
covenants ~~f thr aforesaid pmm~ssory note, and this mortgage, as fuEty and t:~ the same extent as though a part
of the original indebtedness eridenced by said ~~ote and secured by this rtx~~tgage, excepting howe~er, that said
sumc shali be repa~d the ~tortgagee forthwith upon i~~ ~zr„a;,~ and be sn addition to the regular monthly install-
ments provided by the mottgage note.
3. That the a~stract or abstracts of title covering the mortgaged property shall at all times, du~~ng the life
uf this rtx~rtgage,'i main in possession of the \lortgagee and in event of the foreclosure of this mortgage or other
transfer ~~f utle tu ~he mortgaged propetty in extinguishment of the indebtedness secured hereby, all right, title
and ~nterest of thc tilurtgagor in and to any such abstracts of tiUe shall pass to the purchaser or grantee.
4. To the extent of the indebtedness of ihe Martgagor to the !~1ortgagee described herein or secured heteby,
the \tortgagee ~s hereb>• subrogated to the lien or liens and to the nghts of the owners and holders thereof of each
and every mortgage, lien or other incumbrance on the land desctibed here~n which is paid and'or satisfied, in
whole or in part, out of the proceeds of the loan described herein or secured hereby, and the tespective liens of
said mortgages, I~ens or hther incumbrances, shall be and the same a~~u each of them hereby is preserved and shall
pass to and be held by;'the ~lortgagee herein as security Cor the indebtedness to the 1lortgagee herein described
or hereby secured, t~~ t~5e same ettent that it w•ould have been preserved and would have been passed to and been
` held by the ~t~rtgagee~had it been duly and regularly assigned, ttansferred, set ovet, and delivered unto the Mort-
gagee b}- separate detd of a~signment. notwithstanding ihe fact that the same may be satisfied and cancelled of
recnr~i, it hei~o ~hP ~~~~nt~~~ nf shP nar~eec 4~~~£~~, that the sa~e ~i!! ~e satisfitd and cance!led ef record by the
holders thereof at or pbout the ume of the recarding of this mortgage.
5. In the even~ the ownersh~p of the mortgaged premises, or any part thereof, becomes vested in a Person
other than the \lortgqgor, the ~tortgagee may, without notice to the ~lattgagar, deal with such successor or suc-
! cessors in interest ~tth reference to this deed and the debt hereby secured, ~n the same manner as with the A1ort-
; gagor without in anw way viUating or discharging the !~lortgagor's I~ability hereunder or upon the debt hereby
secured. No sale uf ~he p:emises hereby mc.rtgaged and no forbearance on the patt of the tilortgagee, and no ex-
i
tension of the hme ft~r the oavment of the deht herehvi cecured oiv~n hv ~h~ Unrtoao~• c6a11 nrv.~r. e.. ..1.~~~
discharge, modify, ch~ge or affect the original liability of the ~lortg3gor herein either in whole or in patt.
` 6. The I~en of ~his deed secures and shatl continue to secure payment oC said indebtedness or indebted-
ness, however evidene~d, whether by sa~d promissory note or any tenewal or extension thereof or substitute there-
for, or otherw~se, unti{.all such indebtedness shall have been ~ully paid.
7. /n the et~ere~ihe mortgagors sell, convey or t?ansJer tbe mortgageJ premises during the liJe of this ino?t-
' RoRe, then this mortgc~qe sha/l. a~ 1he option oj the AtonRagee he?ein, 6ecome immedintely due and payable Jor the
` full sum oJ the p.mci al balance and ~nte?est then due.
~ 8. The terms 1lortgagor" and "~+tortgagee" w~henever used in thi~ instrument shall include the heirs,
personal represent jvt:, successors and assigns of the respective pa-!ies hereto. Wherever used the s~ngular
number shall incl~ e the plural and the plural the s~ngular, and the use ~•i any gender shall include all genders.
~
~
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~ Si eJ, seal .1 d dt ~ver in th presence of: _ tr~-'~ +~FSea~)
~ J ~
y , ~~Seall
~ i ~rc c - ~ ~ • - _ , ~ ,
/
~ STATE OF FLORIDA I -
3 COUNTY OF ~K ~ 's
; ST. LUCIE ~
~ Before me personally appeared BERNARD DAT E MATTHEWS and CAROL ANN MATTHEWS ~ his wife~
to me well known and known to me to be the individuals described in and who executed the forego~ng ~nstrument, -
= and acknoxledged before me that they executed the same for the p~s~oses there~n expressed. WITNESS my hand
? and off~cial seal in the County and State Iast aforesaid this 22nd Day of February~ 197.5
~
4 June 30 1975 ~ . ' _
~ F lo . " '
= S1y Comm?ssion Expires: Notaty Public. State of _ a=~
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~ t,a : ~ JR ~~A ~ '
~ • = " Y ~ = 1 ~ _
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- BakK 237 ~A~~ 132fi
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