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HomeMy WebLinkAbout1992 Our ~i1e ~-31,938 tA~. m.~~~~eKr ~n .~~hr~ tun.tri ~d ~~tlr h. ihe m~aiKa~cd p.~pert~ ~n c~~~nKu~.~mcnt ~hc ~^dcnt~Jnr.. .c.~c. Rr~c~>. a ~~K~t, iicir ..nd ~nterr.t af the \lartrrr.~i ~n ..nd to an~ ~nswan.e pul~~~r~ then ~o lurce .A~U p~n~ lo Ihc p~u~h~.ri ~~r ~;~rniec. (AI T~~ pr~l.~~m. .~~mplv ~~IA anJ ab~de A~ c~ch •nJ every tAe ~upul~uun., ~greemrnts, cond~t~un. ~nd •~~~tn~m. ~n .a~d p~..mi.nury nu~e ~nd ~n i~~. dcod toiiA. (~l That ~t rny ul .a~d +um. ot monc> hrrein rHenrd tu Ae nut promptly rnd fally Da~d ~~iA~n fi(~ecn d~Y~ ne~~ altt~ the +amt ~eYCr~lly Draomes Jue and paYal+le.u~ i( cuh end ere~y lhc ~~~pul.~~ons, ~~utm.nu, ;.~r.d~tsnn~ rnd :u~enants u! ~aid protn~a- ~aY not~ end ~h~a deed. w ei~her, arc no~ (u11Y p~ttormcd. c.~mpl~ed witA and ab~ded iAc .r~d a~t~rcg~~e ~um ment~ened ~n s~~d pwnn.ur~ n~,~e shall becane duc anJ pa)~ble twth~~th or tAe~eafter at tAe opuun o( ~he \ton~t~gee •s (ully rnd rompletel)' as d ~he .a~d aggrrFat; s::tr. of said pr.r,^ec.i*ry ~ae vas ong~nally <~ipula~ed to Ae pr~d m sucA d~}. anytA~nR in s~iJ p~om~+~ory nott or Aere~n tu ~he .oM~ary notrnh~tand~nR. 1 ihat in ~.rde~ ~o eccele~a~c tAe matur~~> ~f the mdebtedness Aerehy .ecu~ed, becauu ut thc tailurr oi ~he \luitgegur ~u pay any ~a~, e~.e~.ment, liah~lit?, ~~~l~gatiun nt rn.umbrance upun sa~d properry, a~ herein prov~ded, u~hrll not Ae ntce~~ary' w teQu~sut that the mo~tRagee shall ~~r>~ pe5 the ~rme. 2. 'fhe Vortgagee mac, at h~s opt~on, and without wat~•ing h~s r?ght to accelerate the indebtedness hereby se~ured and tu forecl~~se thr same, pay either before or after delinquency any or all of those certain obligations requireJ by th~ terms hereof to he paid by the ~tortgagor for the protection o( the mortgage securit~• or for the col- lection ~~f the indebtedne« hereb~~ secured. All ~um~ so aJvanced or paid b}• the ~lortgag~e shail be charged into tfie mcirtgage accuunt anJ hecome an ~ntegral parl there~f, subject in aU respects to the term~, conditions, and cuvenants ~~f thr af~~reta~d prom~ssury note, and th~s mortgage, as fully and to the same extent as though a part of the original ~ndebtedness e~~idenced by said note and secured by this martgage, excepting hov?•ever, that said .ums shall be rcpa~d the \lortgagee forthwith upon its demanJ and be ~n addiuon to the regular monthly ~nstall- ments prov~ded by the mortgage note. s 3. That the ahstract or ahstracts of title covering the mortgaged properry shall at all times, during the life uf th~s rrn~rtgage, remain ~n pos~ess~on of the ~lortgagee and in event of the foreclosure of this mottgage or other transfer af utle to the mortgaged property in extinguishment of the indebtedness secured hereby, aU nght, UUe and intere~t of the \turtgagor in and to any such abstracts af title shall pass to the purchaser or grantee. ~1. To the extent of the ~ndebtedness the tilortgagor to the 1lottgagee described herein or secured heteby, the \tortgagee ~s hereb~~ subrogateJ to the tien or liens and to the rights of the owners and holders thereof of each and every martgage, I~en or other• ~ncumbrance on the land described herein which is paid and.'or satisfied. in whole or ?n part, ~ut of the proceeds of the loan described hetein or secured hereby, and the respective liens of said mortgages. liens ~r other incumbrances, shall be and the same and each of them hereby is preserved and shall pass to and he held by the ~lortgagee here~n as security for the indebtedness to the hlortgagee herein described or herebr ~ecured, to the same extent that it w~ould have been preserved and would have been passed to and been held by the \1~~rtgagee had ~t been duly and regularly assigned, ttansferred. set over. and delivered unto the Mott- gagee by ~eparat~ deeJ af assignment, notw~ithstand~ng the fact that the same may be satisfied and cancelled of rrcord, it be~ng the intention of the parties hereto that the same will be satisfied and cancelled of record by the hvlders thereo[ at or about the ~~me of the tecording of this mottgage. 5. In the event the ow~nership of the mortgaged preEnises, or any part thereof, becomes vested in a person e~ther than the ~tortgagor, the \tortgage~ may, without notice to the htortgagor, deal with such successor or suc- cessors in interest Kith referenre to this deed and the debt hereby secured, in the same manner as with the ~1ort- ~ a or µithout in am• Ha vit~atin or dischar ~n the A1ort a or's liabilit hereunder or u n the debt hereb BB Y 8 8 B BS Y Po Y secured. .No sale ~~f the premises hereby mortgag~d and no forbearance on the part of the !~lortgagee, and no ex- ; tension of the time for the payme~t of the debt hereby securcd given by the ~lortgagee shall operate to release, ~ ! discharge, modefy, change or affect the original liability of the ~lortgagor herein either in whole or in patt. ~ 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- ~ ness, however evidenced, whether by said prumissory note or any renewal or extension thereof or substitute there- E for, or otherw~se, until all such indebtedness shall have been fully paid. ~ 7. !n the e~•en~ rhe mortgagors se!!, con~~ey or transJer tl~e morrgaged premises du?ing the IiJe oJ this mort- ` RaRe• then th~s mortgage sholi. at the optiore oj the 11o?tRagee herein, become ~mmedia~ety due and payable Joi ~he { Julf sum oj the principal balance and interest then due. ~ 8. The terms "!1lortgagor" and "Mortgagee" whenever used in thi~ instrument shall include the heirs, ~ personal representativ:,;. successors and assigns of the respective parties hereto. Wherever used the singular number shall include the plural and the plural the singular, and the use of any gender shall include all genders. . , ~ ; ~j igned, se d a liv red in th presence of: (Seal) ~ ~ ~ ~ ~ ~ ~Seal) j f ~ c ' - _ , - ~ - ~ . STATE OF FLORIDA I COU~vTY OFX'~XS`~ ~s ~s ST. LUCIE • GEORGE MOSELY, also known as GEORGE MOSELY, JR. Before mc personallv appeared and ARVERNE MOSELY, hls 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 there~n expressed. WITNESS my hand and off~cial seal in the Count~ and State last aforesaid this ~ 6th Day of Mareh, 1975 '_s _ :,,str,,,~ 4 / r ' S,~i~cf .6t. ~1y Commission Exp~res: Jut1e 30, 1975 Notary Public, State of F1 ds ;$t~.~:~ r _ , . - ~ ~ 1`xty fLp _ ~ = [1lt J~: ~'iL AS ~ ~~~V - ST . ! . ~ ` ~ RS ~ : - . - ~ / : - • r , f'- ~ ~j ~ ~ :t~ ~ i - . ~ ~ •i~~~ ; : r . - ~ 36 ~ ~Rr~ c~ . . MpR2~ 80qc~Gd~ ~1~~ - _ x ~ ~ ~ ~ ~ ~ . ~ - w~ ~ x~-.~.+~.. _ _ ~ . _ _ _ . . „ _ . ' . z~~" ~Mr