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Home My WebLink About1574 gur fil~, 5-3~ ltif f~ ~A~s mor~raKr or ~u~rr uansie~ uf t~tlr w ~he mo~tra~ed prope~~) ~n e?untuuhme~t a ihe ~ndebte ne+a ~t.urr eieny, Q~~ ~~Ic and in~erc.~ u( tAe No~tta~~u ~n ~nd to any ~nswance pol~c~es ~Aen in (wce xhall pass ~o ~he purcha~c~ ar Rramee. tAl Tu prrliym, c.rn(11Y ~~~h and a~~de by each ~nd eve~y the supulaUons, a~reements, cond~t~on> rnd co~enan~, m..~d pr.~m~.a~~ry no~e anJ ~n ~h~. derd set forth. - 1 That J a~Y uf .ra~d sum.c o( money Aere~n referrcd to bc not prompUy and tully pa~d ~uh~n hfleen Qsys oeu aUer t~e same severally ~ecomes due and paYable.or d each aod every the s~~pulauons, s~~eemems, coed~uons ~nd toven~nts o( sa~d praa~s- saY note and th~s deed, or e~~he~, are not fully per(amed, compl~ed w~tA and ab~ded by, tAe +a~d a`~re~a~e swn ment~oned ~n said pran~sswy noie shall become due and pa)•ablc farthw~Ih or therea(ter at the opt~on ot the \1or~~a~ee as (ully and completcly as ~he sa~d ast~eja~e aum of said prom~c~ay note ~r~s or~~~nallY st~pul~ted to be paid on such d~Y, anyth~na m sa~d promissory ~oie or he~em lo Ihe contnry notwithsland~n~. 1 Thai ~n order to accelera~e the malurity of the indebtedness hereby secured, because ot tAe ta~lure o( ~Ae Mo~tta~o~ ~o psy any ua, asse~sment, lub~hty, obl~aauon or mcumbrance upon sa~d p~oper~y, as Aerem provided, u shall not be necescary or reQws~te Ihat the mon~a~ee shall (ust pay the same. 2. The `lortgagee may, at his option. and without waivi~g his right to accelerate the indebtedness hereby secured and t~~ forecl~~se the same, pay either before or after delinquency any ot a!1 of those certain obligations tequired by the terms hereof to be paid by the Nortgagor for ihe p~otection of the mortgage security or for the col- lection of the indebtedness hereby secured. Ail sums so advanced or paid by the Mortgagee shall be chatged into the mottgage account anJ become an integral part theteof, subject in all respects to the terms, conditions, and covenants of the aforesaid promissnry note. and this mortgage, as fully and to the same extent as though a part of the original indebtedness evidenced by said note and secured by this mortgage. excepting however, that said sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the tegular monthly install- s F ments provided by the mortgage note. ~ 3. That the abstract or abstracts of title covering the mortgaged propetty shall at all times. during the life of this mortgage, remain in possession of the 1~lortgagee and in event of the foreclosure of this mortgage or other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby. all right, title ; and interect of the 1~lurtgagor in and to any such abstcacts of title shall pass to the purchaser or grantee. 4. To the extent of the indebtedness of the 4lortgagor to the Mortgagee described herein or secured hereby, the ;~lortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each and every mortgage, lien or other incumbrance on the land described herein which is paid and!or satisfied. in whole or in part, out of the proceeds of the loan described herein or secuted hereby, and the cespective liens of said mortgages, tiens or other incumbrances, shall be and the same and each of them hereby is preserved and shall pass to and be hcld by the Mortgagee herein as security for the indebtedness to the Morlgagee herein described or hereby secured, to the same extent that it would have been preserved and would have been passed to and been held by the Aiortgagee had it been duly and regularly assigned, transfened, set over. and delivered unto the Mort• gagee by separate deed of assignment. ~otwithstanding the fact that the same may be satisfied and cancelled of record. it being the ~ntentio~ of the parties hereto that the same will be satisfied and cancelled of record by the holders theteof at or about the time of the tecording o[ this mottgage. 5. In the event the ownership of the mortgaged ptemises, or any part thereof, becomes vested in a person other than the !~lortgagor, the 1~lortgagee may, without notice to the Mortgagoc. deal with such suecessor or suc- cessors in interest w~ith teference to this deed and the debt hereby secuted, in the same manner as with the Mort- gagor w•ithout in any way vitiating or dischacging the Mortgagor's liability hereunder or upon the debt hereby secuted. No sale of the premises hereby mottgaged and no Corbearance on the patt of the Mortgagee, and no ex- ' tension of the time for the payment of the debt hereby secured given by the Mortgagee shali operate to release. ! discharge, modify. change or affect the otiginal liability of the Mortgagor 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, howevec evidenced, whether by said promissory note or any tenewal or eatension thereof or substiwte thete- ~ ~ for, or otherwise, until all such indebtedness shall have been fully paid. ~ 7. !n the event the mortgagors sell, convey or transfer tht ?no~tgaged premises durirtg the lije oj this mort• ~ ~ Rage, rhen this mortgage shall, a~ the op~ion oj ~he Alortgagee herein; becorne inunediately due and payable jor the ~ ~ jull sum oJ ~he pnncipa! balance and interest then due. ~ 8. The tetms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, ~ personal representativas, successors and assigns of the respective parties hereto. Whertvet used the singular ~ ~ number shall include the plural and the plural the singular, and the use of any gender shall include all genders. ~ J ~ , Si ned, sea an eliv red i the presence of: ~ =t~"~' r~ i' Z (Seal) F Y ~Seap ~ ~ u~e~ ~ STATE OF FLORIDA I ~=r COUNTY OF~~ ~ 55 wife ~ ST. LUCIE ~~,ES P. CRAWFORD and PATRICIA A. CRAWFORD, his ~ Before me personally appeared ~ to me well known and known to me to be the individuals described in and who executed the fotegoing instrument, ~ and acknowfedged before me that they executed the same for the purposes therein cxpressed. WITNESS my hand and official seal in the County and State Iast aforesaid this 1St Day of April ~ 1975 ~ : :~r,:t~~tir~i~,~~ ~ , , ~ My Commission Expires: June 30, 1975 [Hotary Public, State of Florid ~ ~ p = , = f '~J ~E~j40 `A . : • S ' - : E • C' : : ~ f~ ~p - ~~1~1i qp5 : . _ ~ ~~V~,r ` I;O~RZ . • ~ Sj• ~ - ~ FQL'- ~:~1 ~ . t ~ E~ f. ' :~i i~ ~ ~ •':i~' ~~~i~~~~~~~~cl~ ~ ~ Q f~ QN,.~S ~ / ~ 'l6 19 3U?8~82 0 ~ . aeR eo~238 ~~1572 ~p r . . . . . _ _ ~ xa.`-~ Yw•* "'-~.u .i'`~ ~e 3~. ~ ~ "~~'~'-~s; ~ ~ ~