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Home My WebLink About2083 Our file 5-32,207 Ihis mor~~aEe u~ o~Ar~ uansfe~ ot Utle ~u ~he mo~~Ya`ed poperty ~o eaun~u~aAment u1 1he indcDtcdne.~ .e.wcd hcrenf. +11 nKA~, ~~Uc and ~n~t~ect ui tAe \1ur~~a~w m~nd ~o any ~osu~ance pol~ties ~hen ~n (orre shall ps~s ~o ~he pwch~~ct or ~un~et. (A) Tu pr~l~wm, ..wnplY w~th ~nd ab~de by each ~nd every the supulaUOns, a~reements, condu~on~ ~nd coven~n~~ ~n ~aid pr~+m~~ao~y no~t and ~n ~h~. derJ .et for~A. 1 TAa~ d any uf .aid sumc uf monty hertin re(etrrd to bt not promp~ly and fully paid ruA~o (d~een ~ays nta~ alier tAe same se~e~ally becomes due and paYable,« each and every the se~pul~uoes, a~reements, cuod~~~ona and covenants o( sa~d p~om~s- sory note and ~h~s deed, or e~ther, sre no~ (ully performed, tompl~ed ~ri~A and ab~ded by, ~hc .a~d aE~re~au sum men~iooed ~n sa~d pamss«Y ~~te shsll become due and payable t«thr~th a tAerea(ter •t the op~ion of ihe \lort`aeee as (ully and completely as d the ss~d a~~re~ate sum of sa~d p~om~sc«y note Was wi~mallY supulated to be pa~d m sucA dry, anytA~n~ m said prom~ssory nott or here~e to ~Ae contrsry noar~~hstand~nE. V 1 Tha~ ~n order to accelerate ~he ma~ur~ty of the mde~tedness hereby secwed, because u( ~he (a~lure oi ~he Mo~teasur ~o D~Y ~~Y ~~z. •s.e~~ment, I~aA~l~t~~, obl~ga~~o~ ~x rn.umbrance upon satd propetly, as here~n prov~ded, ~t shall nol be ne.escary w reQu~s~te tha~ the m~x~tatee shall hn~ pay tAe samc. 2. The ~iortgagee may, at h~s opt~on, and without wa~ving his right to accelerate the indebtedness hereby serured and t~~ foteclose the same, pay either be~ore or after delinquency any or all af those cettain obligations required by the terms heteof to be paid by the ~~ortgagor for the protection of the mortgage securiiy or for the col- lection of the indebtedness hereby secured. All sums so advanced or paid by the !~lottgagee shall be chatged into the mortgage account anJ become an integral patt there~f, subject in all respects to the terms, conditions, and covenants ot the aforesaid ptomissory 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 111ottgagee forthwith upon its demand and be in addition to the tegular monthly install- ments ptovided by the mottgage note. 3. That the abstract or abstracts of title covering the mortgaged property shall at all times~ during the life of this mottgage, remain in possession of the 111ottgagee and in event of the foreclosure of this mortgage or other transfer af utle ta the mortgaged property in extinguishment of the indebtedness secured hereby. all right, title and interect of the \1~ttgagot in and to any such absttacts of title shall pass to the purchaset ot grantee. 4. To the extent of the indebtedness of the Mortgagor 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 respective liens of said mortgages, liens ot other ~ncumbrances, shall be and the same and each of them hereby is.presetved and shall pass to and be held by the Nortgagee herein as security for the indebtedness to the Mortgagee herein described or hereby secured, ta the same extent that it would have been preserved and would have been passed to and beon held by the ~lortgagee had it beon duly and regularly assigned. transfened, set over. and delivered unto the Mort- gagee by scparate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it being the mtention of the parties 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 mottgage. 5. In the event the ownership of the mortgaged premises. or any part thereof. becomes vested in a person other than the ',Nortgagor, the ~tortgagee may, withou! notice to the Mortgagor, deal with such successot or suc- cessors in interest K•ith reference to this deed and the debt hereby secured. in the same manner as with the !11ort- gagor v?ithout in any way vitiating or dischacging the 111ortgagor's liability hereunder or upon the debt hereby secured. No sale of the ptemises hereby mortgaged and no [otbeatance on the part of the Mortgagee. and no ex- tension of the time for the payment of the debt hereby secured given by the hlortgagee shall operate to release, discharge, modify. change or affect the original liability of the hlortgagor herein either in whole or in part. 6. The I~en of this deed secures and shall continue to secure payment of said indebtedness or indebted- ness, however evidenced, whether by said promissoty note ot any renewal or extension theteo[ or substitute there- for, or otherwise, until al! such indebtedness shall have been fully paid. 7. In the evem the morlgagors sell, convey or hansJe~ the mortgaged premises du?ing the IiJe oj this mort- Rage, then this morlgagrshall, at the oplion oJ the Afor~gagee herein, become inunediotely due ared payable jor the Jull sum of the pr~ncipal balance and interest then due. 8. The tertns "Mottgagor" and "Mortgagee" whenever used in thic instrument shall include the heirs, ~ personal representativc~, successors and assigns of the respective parties hereto. Wherever used the singular ~ nu ber shall include the plur the plural the singulat, and the use of any gender shall include all genders. ¢ - j Si ed, seal d el~ eted in the tesence of: 4 ~ $ ~SCB~~ / `J^, ~ ~-lGl~~/ / ' 4-/-7 Z ? / y ~ ~ STATE OF FLORIDA ~ COUNTY OF~~ ~ ss ~ ST. LUCIE ~ Be(ore me personally appeared GEORGE W. CURRY attd ETHEL CURRY ~ his 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 putposes there~n expressed. WITNESS my hand and off~c~al scal ~n the County and State last aforesaid this 12th Day of April, 1975 ~ ~ . 4 June 30 1975 ~Flo 'da:~ , Lar ~ ~ ~1y Commission Expires: Notary Public, State of ~ O . - . - s ~ ' ~117G _ - . . . ~ ~ ~ `aiv f~~~ _ . 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