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Home My WebLink About2783 Our file 5-32,019 tn~~ mur~~ta~er ~~the~ tnniire ut t~tie ta. the ~:vitsa~~d :s~ r::::~:::s~er.:^s e:! !hr ~n~rbieJar,• ~e. ~.~~'d hcern~, ,,11 ~~~h~, t~tlr ond ~nte~e.~ uf ~Ae \1u~t~atur ~n ~nd to any ~nsurance pyl~ciec then ~n (orce ~A~11 ps.s to the purah~.ee o~ Kun~ce. lAI T~. pcrt~wm. ..wnp1Y W~tA and al+~de by cach and every tAe supul~uuns. a~~eemenls, cond~~~un~ ~nd covcnan~. in ~~~d prum~»ury nott and ~o ~h~. dcrd .et ~o~tA. 1 Tha~ d any ut ~a~d sum. ul mone) here~n reicnrd tu be nu~ promp~ly and (ully pa~d ruh~n (~(~een Q~ys ne~~ al~er ~he same se~erally ~ecomes Jue and psya~le,w ~f tacA and evety tAe st~pulauons, a{~eement,, .und~~wn~ and covenanu at sa~d pran~s- say note and tA~s deed, ur tuher, arc not (uily per(wmed, cumpl~ed ~r~th and ab~ded Ay, ihe .a~d ag`~eia~c swn menuoned m sud ptwnus.xy nme shall bec.xne due and paY+Dle fdtA~~tA w ~Ae~ea(ter at the opuon o( ~he \1o~tRaYee as (utl)' and compleuly as ~t ~he sa~d a~~re~~~e sum of sa~d p~om~ss.xy nott rrac a~~~nally st~pulNed to be pa~d on suc~ daY. anytAin~ io sa~d prom~ssory note w here~n tu the con~rsry aotr~thstand~nR. 1 Tha~ ~n order lo ~cceltrate ihe mawnty of tDt mdebtedness herehy cecwed. be~ause ol ~ht fa~lure of ~he \1w~6~6~~ D~Y ~~Y ~+z• as.e.sment, tu~~lu>'. obl~tation or rn~umbrance upon ss~d p~operiy, as here~n prov~ded, shall no~ be ne.e~~a~y ~x reQws~~e that ~he m~x~~a`ee xhall fu.t pay ~he same. 2. The \lottgagee may, at h~s opuon, and without w-a~v~ng his right to accelerate the indebted~ess hereby srcurcd and tu forecluse the same, pay either before or after delioquency any or all of those certa~n obligations required by the terms heteof ta be paid by th~ \lortgagar for the protection of th~ rm~rtgage security or for the col• lection ~~f the indebtedne~s hereby secured. All sums so advanced ar paid by the 41o~tgagee shall be chatged into ~he mortgage account anJ become an integral part thercof, subject in all respects to the terms, conditions, and c~~venants of the a[uresaid pr.~m?ssory note. and this mottgage. as fully and to the same extent as though a part of the original indebtedness evidenced by said note and secured by this mottgage, excepting however, that said sums shall be repaid the !1lortgagee forthwith upon its demand and be in addition to the rogular monthly install- ments provided by the mottgage note. 3. That the abstract or abstracts of title covering the mortgaged property shall at all times. duting the life of this mortgage, remain in possess~on of the 1lortgagee and in event of the foreclosute of this mortgage or other transfer of title to the mc~rtgaged praperty in extinguishment of the indebtedness secur~d hereby, aU tight, title and interest of the ~lortgagor in and to any such abstracts of title shall pass to the purchaser ot grantee. ~i. To the extent of the ~ndebtedness of the Mortgagor to the hlortgagee described herein or secured hereby, the ~tortgagee is hereb~• subtogated to the lien ot liens and to the rights of the owners and holders thereof of each and every mongage, I~en ot other incumbrance on the {and described herein which is paid and!ot satisfied, in whole or in par.l. out of the proceeds of the loan described herein ot secured hereby, and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each of them hereby is preserved and shall pass to and he held by the ~lortgagee herein as secutity for the i~debtedness to the hlortgagee herein desctibed or hereby secured, to the same extent that it would have been presetved and would have been passed to and been held by the ~lortgagee had it been duly and regulatly assigncd, transfetted, set over. and delivered unto the Mort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it be~ng the ~ntention of the parties hercto that the same w:;l be satisfied and cancelled of tecord bv the holders thereof at or about the t~me of the recording of this mottgage. 5. In the event the ownership of the mortgaged prem~ses, or any part thereot. becomes vesced in a person ~ other than the ~lortgagor, the \lortgagce may, without notice to the Mottgagor, deal with such successor or suc- cessors in intetest Kith reference to this deed and the debt hereby secured, in the same manner as with the Mort- ~ gagor without in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby ~ ~ secured. No sale o! the premises hereby mortgaged and no forbearance on the part of the Mortgagee. and no ex- ~ ~ tension of the time for the payment of the debt hereby secuced given by the Mottgagee shall operate to release, 3 ~ discharge. modify, change or affect the original liability of the Mortgagor herein either in whole or in part. ~ i ~ 6. The I~en of th~s deed secures anu shail continue [o secure paymenc oi saiu inoeotvunes~ vr inuaoicu- ~ ness, however evidenced, whcther by said promissoty note or any renewal or extension theteo[ or substitute there- ~ t for, or otherwise, until all such indebtedness shall have been fully paid. ~ 7. In the e~~en~ rhe mortgagors sell, convey or transjer the mortgnged premises during the IiJe oj this mor~- ~ gage, then ~his mortgage sha/l. a~ the op?ion oj the 4fortgagee herein, become immediately due and payable Jo~ tAe ~ • jul! sum oj the pnncipal balance and interest then due. ; f 8. The terms "Mottgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, ; ~ personal representativ:.;. successors and assigns of the respective parties hereto. Wherever used the singular _ ~ numbet shall include the plural and the plurat the singular, and the use of any gendet shall include all genders. : k: ' ~ . ~C/IL~E~ • / -C% ~I/ (Seal) ; ~ S ned, sealed a d de vered in t presence of: ~ ~ ~Seal) ~ : } . ~ /LL R L i C_W, ti~t-vrc I r ~ ~ i ~ / t I 3 ~ STATE OF FLORIDA I ~ ~ COU!~TY OF Ojr'~C ~ ~S f ST. LUCIE ' Before me personally appeared FRANCES L. EDWARDS, an unmarried WOIriRR~ to me weU knoKn and known to me to be the individuals described in and who executed the foregoing instrument, - and acknoKledged before me that they eaecuted the same for the purposes there~n expressed. WITNESS my hand and off~cial seal in the County and State last aforesaid this llth Day of Mareh, 1975 ~ - June 30 1975 ~1y Commission Expires: ~ Notary Public, State of 8, at Lar - . - ~ . - ; - ` _ 'a': ~ : . ' • - _ ' ;h . . - i : - r ~ - a ~ • ~ ` ' ~ ~ 237 2781 - : . 1 BOOK PAGE _ ' s . _ . ~ ~;i . ` ~ ~ • . 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