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Home My WebLink About0698 Our file 5-32,089 ih~. m.~~~~aKr ~•ihr~ t~an~lci ut u~lr to ~ht mu~~r+~cd propc~~y ~n ciun~w~hme~:i w tAc ~nde~tNnr+~ .c.u~cd heieny. ,li ~~~Ch~. te~lc and ~nu~e.~ ul ~ht \lunra~o~ ~n ~nd to any insu~ance polic~es ~hcn in (orre sAaU pa~s to ~hr purcha~cr ur Ki~n~re. (Al T.~ prrt~am. ~~rnp1Y ~~th and ab~de by each snd e~erY tAe sUpulat~ons. •~rcemeots, cond~tion. and cnven~ntc ~n ~~~d prum~~aury note and ~n th~. dcrJ .et (ortA. ) That any oi sa~d sum~ of monry herem refetied to be nut ptwnptlY and fully Ps~d rnA~n (~f~ecn Qays nex~ alie~ ~he s~mc seve~ally becomes due and paYaAle,w ~f eacA and eve~y the supulat~ons, apeemrnt>, ionJ~Uon. and co~enanls o( sa~d prom~s- sory nott and th~a deed, ur e~~her, are not (ully per(amed, complied ~vtA and ab~ded ihe .~id ag~re`a~e sum mcnuoned m sa~d prom~ssort no~e shall become due and paYable (atAr~tA or tAerea(ter a~ the opucu? of the ~1ortRagee as (ully and comple~ely as it ~he sa~d ag~re~ate sun~ o( sa~d prc~m~stio~y notc ~ras on~mally sUpulated to be pa~d on sucA dry, anythm~ m sa~d prom~s~ory no~e or here~n tu ~he conltaty no~ri~hstand~nR. 1 Tha~ ~n o~der ~o accelerate ~he matunty of the ~ndebtedness hereAy secwed, because o( the fa~lure o( the \1urtE~t~~~ DiY ~~Y ~~z• •s.e.;mcni. I~+h~1uy, obl~~auon ~~r rn~umD~ance upon sa~d property, aa herem prov~ded, u shall nol be necessrry or ~equ~s~u tAat ehe mo~t6r6ee shall (us~ pay the samc. The ~tortgagee may, at his opuon, and without wa~v~ng his right to accelerate the indebtedness hereby ~erured and tu forecluse the same, pay either before or after delinquency any or all af those certain obligations requ~red by the terms heteof to be paid by the \1ortgagor for the protection of the mortgage secutity or for the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the !~lortgagee shalt be charged into the mortgage account and become an ~ntegral part thereof, subject in all respects to the terms, conditions, and ; covenants oG the aforesaid pmmissary note, and this mortgage, as fully and to the same extent as though a part ~ of tht arigioal ~ndebtedness ev~denced by said note and secured by this mortgage, excepting however, that said sums shall be repa~d the ;~lortgagee forthwith upon its demand and be ~n addition to the regular monthly install- 3 ments provided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged property shall at ail times, during the life = of this mortgage, temain in possession of the 111ortgagee and in event of the foreclosute o[ this mortgage or other ~ transfer of uUe ~o the mortgaged ptopetty in extinguishment of the indebtedness secuted hereby. all tight, title and interect of the ~lortgagor in and to any such abstracts of title shall pass to the purchaser or grantee. 4_ To the extent of the indebtedness of the Mortgagor to the hlortgagee described herein or secured hereby, the ~lortgagee is hereby subrogated to the lien or liens and to the tights of the owners and holders thereof of each and every mortgage. I~en or othet incumbrance on the land described herein which is paid and!or satisfied, i~ whole or in part, out of the praceeds of the loan described herein or secured hereby, and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each ot them hereby is preserved and shall pass to and be held by the Mortgagee herein as security for the indebtedness to the Mortgagee herein described or hereby secured, to the same extent that it would have bee~ preserved and would have been passed to and been held by the !~tortgagee had it been duly and regulatly assigned, transferred, set ovet. 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 being the intent~on of the patties hereto that the same will be satisfied and cancelled of record by the ' ; holders thereof at or about the time of the recording of this mortgage. 5. ln the event the ownership of the mortgaged premises, or any part thereof. becomes vested in a person other than the !1lortgagor, the ~tortgagee may, without notice to the Mottgagor, deal with such successor or suo- cessors in interest with 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 debl hereby secured. No sale af the premises hereby mortgaged and no fotbearance 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 relcase, discharge, modify, change or affect the original liability of the Mortgagor herein cither in whole or in part. 6. The I~en of this deed secures and shall continue to secure payment oC said indebtedness or indebted- ness, however evidenced, whether by said promissory notc or any renewat or extension thereof or substitute there- for, or otherwise, unti{ all such indebtedness shall have been fully paid. 7. In the even~ the mortgagors sell, convey or transjer the mo?tgaged premises du?ing the liJe oJ this inort- ~ gage, then this mortgage shall, at the oplion of the Afortgagee herein, becon~e immediately due and payable fo~ the f Jull sum oj the principa! balance ared enterest then due. ~ 8. The tetms "Mortgagor" and "Nortgagee" whenever used in thic instrument shall include the heirs, ~ personal representative~, successots and assigns of the respective parties hereto. VYF?erever used the singular number shalT include the plural and the plural the singular, and the use of any gender shall include all genders. ~ . : ~ ` ~ . ! ~ gned, seale nd d v ed in t presence of: ~ C 7C ~ eal) F1L.rt7:•!1!' h~C,^.t~UED Si. Lb~ i: .:~~N i Y FLA. ~ '~5eal) ~j ~ C° r- 4 i.: i ~ f,QJRT ~ l-cLl~ //7 '~.it_.~~.s-/f'_ c~ =:rr=: . c~,^,....~.~~.L ~ ~ ' Arft 1 3 32 PH '75 ~ STATE OF FLORIDA I ~ ~ COUNTY OF ~ ss 305~0 ~ ~ ST. LUCIE ~ ~ Before me petsonally appeared FRANCES L. EDWARDS, an unmarried woman, to me well know~n and known to me to be the individuals described in and who executed the foregoing instrument, e~ and acknowledged before me that they execut~d the same for the purposes there~n expressed. WITNESS my hand 2y ' and official seal in the County and State last afotesaid this ~.Ztll DS}~ of Mareh, 1975 ~ ~ ~ ~ ~ Y. •:1 ~ . ~ ~ S 5 ~ = ^ ~ s r . • ~ ' , ~ ~1y Comm~ssion Expires: .TuRe 3O, 1975 Notary Public, 5tate`oF~ f~~~ r~ ~ ~e ~ ' ~ - = ' . .a : ~ ~ - • ~ ? ~ ~ J~ j ~ - _ ' ~ ~ = "e , . - . • ; ~ , , B . ' " ' ~ BOpd ~~u PAGE fi97 ~ ~ ~ ~ , - - - 3 : ~ ~ t ~ - -n~` ~ ~