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Home My WebLink About2180 t~~. manga~r oiAr~ tran.fr~ ot ~~~It ~u the mortKared poperiy m eRUnrw~hmen~ ol ~he~~nTrA~file c:urcS~r~~)0.,-11 r~~Ai, uUe ond ~n~ere.t oi ~he Atu~e~atur ~n •nd to any ~nsu~ance pol~cies then ~n (orce sha11 pa+s to ~he purchr~er or rr~n~ee. (A1 7~~ pa•r1a~m. ~~rnp1Y w~th ~od ab~de by each anJ every ~Ae cupula~~ons, a~recments. condiUon+ a~d covenams ~n s~id prumi~iur) note and ~n th~> deed {orth.. 1 That any uf ~a~d sums ul money herem rt(er~rd to be nul promp~ly and (ullY Da~d ~~thin 1~ftecn days newt al~tr ~Ae same seve~alty becumes due and paYahle,a ~f eacA and eveiy tAe supulauons, a<<eement~, rond~~iona and covenan~s o( sa~d prom~s- swy nou and tAu deed, or euher, are not fully performed, compl~ed ~r~th and ab~ded by, ~he .a~d a~tarc~a~e sum meni~ooed ~n sa~d prom~xswy note sAall Decoeae due and payable (orth~~tA w thereatter at IAe ophon of the Nort6a~ee as tully and comple~ely as d tAe ~~~~1 ~66re~.te sum o( said prom~sso~Y note +ras ontmall~• shpulated to be pa~d m such diy, anylA~n~ m sa~d prom~ssory note w Aerc~n to tAe con~rary not~~ths~andmE. 1 That m orQer ~o ~ccelerate ~Ae matur~~y uf the ~ndebtedness here~y secwtd, btcause o( the (a~ture o( tAe .l~oi~ga`ur to pay any h~, •ssec;ment, IuA~l~q, obl~eat~un M rn.umbrance upon sa~d property, ss hect~o pro•r~ded, sAall no~ De necescary or reQu~s~te that tAe mu~i~~~ee sfiall fus~ pay tht same. ~ The \lortgagee may, at his option, a~d without wa~ving his right to accelerate the indebtedness hereby t serured and tu forecluse thc same, pay either before or afte~ delinquency any or all af those certain obligations ' required by the terms hereof to be paid by the hlortgagot for the protection of the mortgage security or for the col- lection of tht indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be chatged into the mortgage account anJ become an ~ntegral part thereof. subject in all respects to the terms, conditions, and covenantc of the aforesaid prumissory nate, and this mortgage, as fully and to the same extent as though a part ; ~~f the original indebtedness evidenced by said note and secured by this rtx~ttgage, excepting however, that said # sums shall bc repa~d the !~lortgagee ~otthwith upon its demand a~d be in addition to the regular monthly install- ; ments provided by the mottgage 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 ~ssession of the !1lortgagee and in event of the foreclosute of this mortgage oc other transfer of t~tle to the mortgaged property in extinguishment of the indebtedness secured hereby. all right. title and interect of the ~lurtgagor in and to any such abstracts of title shall pass to the purchaser or grantee. ` To the extent of the indebtedness of the Mortgagor to thc Mottgagee described herein or secured hereby, ; the ~tortgagee is herebp subrogated to the lien or liens and to the rights of the owners and holders thereof of each 1 and every moregage, 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 mottgages, liens or other incumbrances, shall be and the samtiand each o[ them hereby is preserved and shall ~ pass to and be held by the Mortgagee herein as security for the indebtedness to the Mortgagee hetein described = or hereby secured, to the same eztent that it would have been preserved and would have been passed to and been # held by the !1lortgagee had it bee~ duly and regularly assigned. transferred, 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 i record, it being the intent~on of the parties hereto that the same will be satisfied and cancelled of recotd by the holders thereof at or about the t~me of the recording of this moctgage.- 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 suo- ~ cessors in interest N~ith teference to ihis deed and the debt heteby secured, in the same manner as with the Mort- ' gagor without in any way vit~ating ot discharging the Mortgagor's liability hereunder or upon the debt hereby ; secured. No sale of the Premises hereby mortgaged and no forbearance on the part of the Mortgagee, and no ex- tension of the time for the payment of the debt hereby secured given by the Mottgagee shall operate to release. _ discharge. modify, change or affect the original liability of the Mortgagot herein either in whole or in part. 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted- ' ness, how~ver evidenced, whether by said promissory note or any renewal or extension thereof or substitute there- ; Cor, or otherwise, until all such indebtedness shall have been fully paid. ~ ~ 7. 1n the event the nrorlgagors sell, convey or transjer Ihe mortgaged premises during the lije oj rhis mo.t- ; E gage, then this mo~tgage shall, at lhe option oj the MorfRagee he~ein, become immedialely due and paya6le for the ~ Jull sum oj the principa! balance and interest /hen due. ; 8. The terms "Mortgagor" and "Mortgagee" whenever used in thic instrument shalt include the heirs. s 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 gendet shall include all genders. ~ ~ ~ S ned, sealed nd live ed ~n he prcsence of: (Seal) ~ ~ '~1% / ~SeaU ~ ru~ . ~ ~ i ~ } ~ STATE OF FLORIDA I s s COUNTY OF ~X~I~ { ~5 f e ST. LUCIE # ~ Be(ore me personally appeared JOHN NARE and LORENE A. NARE~ hiS wife, ~ to me well known and known to me to be the individuals-described in and who eaecuted the foregoing instrument, ' and acknowledged before me that they executed the same for the purposes thete~n expressed. WITNESS my hand Try and official seal in the County and State last aforesaid this 12th Day of April, 1975 5 j ~ ! ~ ~.rl:;~ ~ ~1y Comm~ssion Ezpires: June 3O, 1975 Notary Public. State of ~ rid Lar . ; . . ~ PEQ = ~ > ~ . r~ ! L l~ - • V - = f 1L[ e'; e ,,1K1'( Fl~~ - ~ ' ; gT ttl:-f .,~R~~ ~j = . ~ ~ ~ ~ • x~ F ~ t :u~R1 V~ _ . , . . _ - , . : , 4~ ; , ; . ~ ~ ~ - ^;:.•i , . ~ . 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