The URL can be used to link to this page

Home My WebLink About2086 Our file 5-32,209 th~c mwt~a~te .a othr~ Iran~lr~ o( ulle w ihe mo~tra~cd poperly ~n cu~n`uishmen~ ul ~he ~ndeAUdne~~ ~e~wcd Acrrn>. ~11 i~KA~. ti~lc anJ ~nures~ ut tAe Mu~t~a~ur ~n ~nd lo any insuronce pul~c~es then ~n (orce sAsll pa+s to ~he putch~.c~ or gr~n~ee. (AI Tu pcrfrom, «rnply ~r~tA •nd aA~de by eatA ~nd every tht at~pulal~ons, a~teements, condil~on~ aed coven~nl+ ~n ~~~d prum~~~n~y no~e and ~n ih~. decJ se~ (orth. 1 TAst ~f aey o( ~s~d sums ol muney htre~n re(erted to be n~~ p~omptly and (ully pa~d ~~~hin hfteen ~ays ne.~ al~ei the ssme severslly becomes Jue and paYShle,a eacA and every the supulauons. at~eemrnt., cundi~~un. and covenams of said promis. sory no~e and ~A~s deed, or e~~he~, are not (ully per(ormed, com0~~ed ~r~tA and ab~ded by, ?he +a~d aK6reta~e sum ment~ooed m sa~d . praa~ssay nott shall become due and payable (ottA~~t~ w thercafter at lAe opt~on o( the Murt~a~ee ac (ully and completely ac ~f Ihe sa~d aipe~a~e sum of sa~d prom~ssay nolt was onsinally shpulated ~o be pa~d on such drY. ~nyth~n~ ~n sa~d prom~ssory note or here~n to ~he con~rary no~ruhstand~nR. _ 1 That ~o order to accelerste iAe ma~un~y of the mdebtedness hereby secu~ed, because u( ~he taiiurc ot ~he \1ort6a6or ~o pay any u?, assessment, lub~ht~, obl~~a~wn or ancumArance upon sa~d properly, as herem provided, ~i shall not be necesvey or reQu~sue that the mort~a~er shall hrst pay t~e same. • 1 2. The ~lortgagee may, at his option, and without waiving his right to accelerate the indebtedness hereby . secured and to foreclose the ~ame, pay either before at after delinqua~cy any or all of those cettain obligations j required by the terms hereof to be paid by the Nortgagor for the ptotectio~ of the mcirtgage security or for the col- ~ lection of the indebtedness hereby secured. Ail sums so advanced or paid by the ~lortgagee shall be charged into the mortgage account anJ became an integral part thereof. sub~ect in all respects to the terms, co~ditions, and covenants oi the aforesaid promissory ~ote. and this mortgage. as fully and to the same extent as though a part af the original indcbtedness evidenced by said note and secured by this mortgage, excepting however, that said sums shall be tepaid the Alottgagee forthwith upon its demand and be in addition to the regular monthly install- ments provided by the mortgage rtote. 3_ That the abstract or abstracts of title covering the mortgaged property shall at all times, during the life of this mortgage, remain in possession of the !1lortgagee and in event of the foreclosure of this mortgage or other transfer of title to the mortgaged properry in extinguishment of the indebtedness sccured hereby. aU right, title and interest of the ~turtgagar in and to any such abstracts of title shall pass to the purchaser or grantee. 4. To the extent of the indebtedness of the Mottgagor to the Mottgagee described herein or secured hereby, the !1lortgagee is hereby subrogated to the I~en or liens and to the rights of the owners and holders thereof of each a~d every mortgage, lien or oth~r incumbrance on the land described herein which is paid and!or salisfied. in whole or in part, out of the proceeds of tfie loan described herein or secured hereby. and the respective liens of said mortgages, liens ar other i~cumbrances, shall be and the same and each of 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 securzd, to the same extent that it would have been preserved and would have been passed to and been held by the ~lortgagee had it been duly and regulatly assigned, transfened, 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 being the ~ntention of the partics 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. In the event the ownership of the mortgaged premises, or any part thereof. becomes vested in a person other than the ~+lortgagor, the `lortgagee may, without notice to the Mortgagor. deal with such successor or suc- cessors in interest K•ith reference to this deed and the debt hereby secured. in the same manner as with the Mort- gagor without in any way vitiati~g or discharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mottgaged and no forbeatance 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 release, discharge. modify, change or affect the original liability oC the Mottgagot 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 promissory note or any tenewal or extension thereof or substitute there- fot, or othetwise, until all such indebtedness shall have been [ully paid. f 7. /n the even~ the mortgogors se/l, convey or transJer the mortgaged p~emises during the liJe of this niort- ~ gage, then this mortgage shvll, a~ the option oJ ~he Afo~tgagee herein, becorr~e rnimediately due and payable Jor the r Jull surn oJ Ihe pr~ncipat balance and interest then due. ; 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall inc{ude 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. f ~ Signe sealed and ve d in e prese e of: ~~~~~c/ ~ _,~i (Seaq ~ ^ ~ ~1~, ~--eLL_-t~• ~-s~ ~Seaq l~ L r,c..C-~ ~ STATE OF FLORIDA ~ ~ COUNTY OF~L ~ ss ~ ST. LUCIE ~ Before me personally appeared LELAND A. THORNTON and ELSIE T1i0RNTON ~ his wife ~ to me well known and known to me to be the individuals described in and who executed the foregoing instrument, and acknowled ed before me that the executed the same for the g y r,~ _ purposes there~n expressed. WITNESS my hand ~ and official seal in the County and State last aforesaid this 12~~1-DSy of April, 1975 . ~ ~u.u.~~,~ ' ~ ~ ; + ~ ~ ; ~ _ - ~ ~1y Comm~ssion Expires: Jut1e 30~ 1975 Notary Public, State of F18r. ~8~~~ ~ ~ ? ^ ~~GEA . - . : ~ y~ ~iE~' ; z' : ~ flLi~,-' ' =yKiY FL - , : ' ST.t~~ - ,;:'tAS ' " ~ r F~-~~f~-•~_,y~* CC'•~p~ ~ 3pg339 ~~';~~'r. . ,~~c ~ ~~,.^"~V; , ' " _ '•rr.,... Qr BOCK 238 ~A~i 2083 } ~2 14 22 ~M?'~~~ t ~ AeR ~ ~ ~ ~ ~W - _ , «s zx, z„~ ~ „a x ~ ` - Av.yz~ ~ :n,~"'r' 3'~ ,:.y : , -~'i:'-`':