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Home My WebLink About2173 Our file 5-32,211 ~A~~ munge~cr u~ uiAr~ u~n~~ri ul utle tu ~he mo~tra~ed property m r~un~wahmen~ ut ihe ~ndebieJnc.. ~e.wcd ~rirnY. all n~h~. ~~~le rnd ~merc.t ut the Aior~~at~~ ~n and to anY ~nsuiance pul~c~ec ~hen ~n (orce .hall paas to ~he purcA~u~ w K~+n~ee. (h) Tu p.•~+wm. ~~wnply' w~~h and ab~dc by eacA and evetY tAe ~Upulauons. apeements, cood~hon~ and coven~mc ~n ~~~d prum~~sury note and i~ ~h~. dted .N (ortA.. 1 That it any o( ~a~d ~um~ ul moneY herem re(enrd to be nut pranp~ly and ~ully pa~d ~ith~n (~(teen ~ays ncit a(ter the same sevcrally brcomes due and psYable,o~ J esch and every IAe supulauoes. a~reement,, condiUon. snd corenants o1 said pran~s• say note and ihis deed, or e~~her, ue no~ (ully per(ormed. complrcd ~r~~h and ab~ded by, ~he .~id a~trrc~a~e swn ment~oned m s~~d p~om~~swy nole shall becaoe due and paY~ble (ortAr~tA o~ Iherea(ter tAe op~~o~ of tAe ~1o~lEa~ee as (ully and completely as ~f Ihe ca~J agsre~a~e sum ot said prom~~cwY note vrss on`~nally shpul~ted to be pa~d oe sucA dry, anytAm~ m said prom~saoty note w hcre~n ~o Ihe con~ra~y not~~~hsund~nE. ) That ~n order to accelers~e the mawnty oI the indebtedness ht~eby secu~ed, because u! the fa~lure o( tAe ~1u~tsa`o~ ~o pay any uR, •ssc.sment, Iub~luy, obl~~auon or cn.umbrance upon sa~d property, as here~n prov~ded, sha11 not be necessary a requis~~e that ~he mo~t`aEee shall 1ir.~ paY the same. The \lortgagee may, at his opt~on. and without waivi~g his right to accelerate the indebtedness hereby secured and to foteclose the tiame, pay either befote or a[ter delinquency any or all of those cettain obligations rcquired by the terms hereof to be paid by the Nortgagot fot the protection oC the rm~rtgage security or for the col- lection of the indebtedness hereby secured. All sums so advanced ot paid by the Nortgagee shall be chatged into the mottgage account and become an integral part thereof, subject in all respects to the terms, co~d~tions, and covenants oG the aforesaid promissory note. and this mortgage, as fully and to the same extent as though a part of the original indebtedness evidenced by said nate and secured by this mortgage. exc~pting however. that said sums shatl be repaid the Alortgagee fotthwith upon its demand and be in addition to the regular monthly install- ments provided by the mortgage note. 3. That the abstract or absttacts of title covering the martgaged property shall at all times, during the life of this mortgage, remain in possession of the Alortgagee and in event of the foreclosure of this mortgage or other transfer of title to the mattgaged property in extinguishment of the indebtedness secuted hereby. all tight, title and interest 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 Mottgagor to the Nortgagee described herein or secured hereby, the hlortgagee is hereby subrogated to the tien 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 herei~ ot secured hereby, and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each ot them hereby is pteserved and shall # pass to and he held by thc Mortgagee herein as security [or the indebtedness to the Mortgagee herein described ~ or hereby secured, to the same eztent t6at it would have been preserved and would have been passed to and been held by the !1lortgagee had it been duly and regularly assigned, transfened, set over, and delivered unto the Mort- 3 gagce by separate deed of assignment, notwithstanding the fact that the same may be~satisfied and cancelled of ~ record, it being the intention of the parties hereto that the same will be satisfied and cancelled of tecord by the ~ holders thereof at or about the time of ihe 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 '1lortgagor, the ~lortgagee may, without 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 Mort- gagor without in any way vitiating or dischatging the Mortgagot's liability hereunder or upon the debt hereby secured. No sale of 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 release. discharge. modify, change or affect the original 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, however evidenced, whether by said ptomissory note ot any renewal or extension thereof or substitute there- ` fot, or otherwisa, until all such indebtedness shall have been [ully paid. i ! 7. /n the event the morlgagors sell, convey o? t?ansjer the mortgaged p~ernises during the lije oj this mo?t- qaRe, then thas mortgnge shall, at the option oJ the bfortgagee herein, become immediately due arui paya6le jor the f Jull sum oJ the principal balance and interest then due. ; 8. The terms "Mortgagor" and "Mortgagee" whenever used in thic instrument shall include the heirs, E ~ personal reptesentative~, successots and assigns of the respective parties hereto. Wherever used the singular ~ number shall includc the plural and the plural the singular. and the use of any gender shall include all genders. ~ - ~ ned, seale liv d in the esence of: ~ Seap ~ FILEG t.?t'_• r i_~~:tUEO ~Seal) ~ o,;'~~_~ iRRS , i ~ ~c.c~ ~t -c-fx-t ~i r:.~; ~ r~:1Rj ~ ~ r ~ . ~~~99 . ~ , , : ~ ] 1 STATE OF FLORIDA I ~~R G 11 PH ~ I~ ~ C ST T LUCIE~ ~ ss Before me personally appeared JOSEPH NARTMAN SMITH, 8n unmarried man, ~ to me w~ll known and known to me to be the individuals desctibed in and who executed the fotegoing instrument, and ackrsowledged beforo me that they executed the same for the purposes therein expressed. WITNESS my hand £ and afficial seal in the County and State last afotesaid this lOth Day of April ~ 1975 k ~ ~ ~ ti' ' ' ~ June 30, 1975 Flori ~`afi ~ ~/I ~ ~ , ~ 11y Commission Expires: Notary Public, State of ~ _ ~ ~ = ~ ~ ; - i ~ , - , . . _ . ~ - _ - ; . • f . . ~ . • ; : • ~ ~ ~ t~ ~ . ~ BUOK ~.JO PhGf ~~v,~. ~ : ~ ~ ~ ' , i - ~~;r ? - ~ ~