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Home My WebLink About2753 ~ Our File 5-32,270 th~~ mor~~taytr ~a othr~ tr~n~tr~ ut ~~tlr Iu ~he mu~~ra~rd prupe~ty m r?un~u~+hment u~ thc inpel+~eJnt~+ ~t.utrJ Ac~eny, ~IS nfh~, t~ilr end ~mercst u~ ~he \1ar+~{asor m and ~u any ~nsu~ince pul~c~ec ~hen ~n force aA~ll pass ta the purcA~.e~ ur K~an~e:. (AI Ti~ pcrtuem, cuenplY w~tA •nd ab~dt by e~ch and evcry tAt sUpulal~ons, a~retments, condU~on~ •nd caven~nt+ ~n ~a~d prum~~~ory note and ~n iA~. de~d .e~ IortA, 1 Tha~ any u( ~a~d sums ol munry here~n rc(en.d to be nut prompily and fully paid W ~thm S~fleen ~~ys neu al~er i ~he same seve~ally Drcomes due and payaAle,ot d each and every the supulat~ons, a~reements, cnndu~onc and covenan~s o( sa~d praau. say note and th~s deed, ur e~~her, are not (ully performed, compl~ed ~~th aed aD~ded by, ~he ,a~d sE~rt~ate sum menuoned ~n said 3 pranuswy note shsll become due and pay~ble (atA~~th or Merea(ter at the op~ian o( ~he Nurtga~ee as (ully and comple~ely as J tAe ? sa~d a re ate sum of sa~d om~ccor note wss on ~nail • su ul~ted to be a~d on such dry, anyth~n ~n said ~L ~ D~ Y i ) D D ~ prom~ssoty note or here~n i to tht comrary notruhs~and~nE. # ) Tha~ ~n order to accelerate ~he mawniy ot Ihe mdebtedness Aere~y secured, ~ecause u( tAe (a~lure of ~Ae Nwtga`or t~. D~Y anY ua. r ac.e.sment, IiaA~l~ty, obl~sa~~on nr rn.umbrance upon sa~d ptoper~y, as here~n prov~ded, ~t sha? eo1 be ne.escary w reQu~sue that the $ mo~tsaaee shaU fu.~ pay tAe same. 2. The ~tottgagee may, at h~s option, and without wa~ving his right to accelerate the indebtedness hereby ; secured and tu forecluse the same, pay either befote or after delinquency any or all af those certain obligations required by the terms hereof to be paid by the ~lortgagot for the protection of the mc~rtgag~ secutity or for the col- ~ lectio~ of tha indebtedness hereby secnred. All sums so advanced or paid by the Mottgagee shall be charged into the mottgage account anJ become an integtal part Ihereof. subject in all respects to the terms, conditions, and ' covenants of th~ af~~resaid promissory note, and this mortgage, as fully and to the same exten~ as though a part ' of the ociginal indebtedness evidenced by said note and secured by this mortgage, excepting however. that said ~ sums shall be repa~d the Alortgagee forthwith upon its demand and be ~n addition to the regular monthly install- ~ ments provided by the mortgage note. ~ 3. That the ahstract or abstracts of title covering the mortgaged ptoperry shail at all times, during the life ; of this martgage, remain in possession of the Alortgagee and in event of the foreclosure of this mortgage or other ; transfer af ~itle to the mortgaged property in extinguishment of the indobtedness secured hereby, alt right. titie ~ and interect 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 Mortgagor to the A~ortgagee described herein or secured hereby, 2 the !~lortgagee is hereby subrogated to the lie~ or liens and to the rights of the owners and holders th~reof ot 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 ihe proceeds of the loan described herein or secured hereby, and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each of them hereby is preserved and shall ~ pass to and be held by the !Nartgagee herein as security for the indebtedness to the Mortgagee herein described = or hereby secured, to the same extent that it woutd have been preserved and would have been passed to and been ; held by the !1lortgagee had i~ been duly and regularly assigned. transf~rred, 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 intention oi the parties hereto that the same will be satisfied and cancelled of record by the holdets thereof at or about the time of the tecording of this mottgage. S. In the event the ownership of the mortgaged premises, or any part thereof. becames vested in a person ~ other than the Slortgagor, the ~tortgagee may, without notice to the Mottgagor, deal with such successor or suc- cessors in interest N•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 discharging the Mortgagot's liability hereunder or upon the debt hereby secured. No sale of the ptemises heteby mortgaged and no forbearance on the part of the Mottgagee. and no ez- 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 origina! liability of th~ Alortgagor 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, however evidenced, whether by said prumissory note ot any re~ewal or extension thereof or substitute there- for, or otherwise, until all such indebtedness shall have been fully paid. 7. In the event the mortgagors sell, convey or tiansJer lhe mo~tgoged premises during the fije of this mort- RaRe, then this mortgage shQll. Qt the option oJ the Afortgagee herein, become im~nediately due and payable jor the Jull sum oj the p~~ncipa! balance and inte~est then due. - 8. The tetms "Mortgagor" and "Mottgagee" whenever used in this instrument shall include the heics, personal representatives, successors and assigns of the respective parties hereto. Whetever used the singular number shall include the plural and the plural the singular, an~-tt~ use ot any gender sha~l~ include all genders. _ / I Si ed, sealed 'ver ~ the presence of: L' L~ L (Sea!) ~ ~ ~ ~ ' ~SeaU ~ ` ~ ~ ~ ~ ~ ~ ~'U ~ ~ ~ ; Seal) ~ ! STATE OF FLORIDA I COUNTY OF ~IXI~ 's ST.LUCIE~ DAVID BARR and NANNA MAE BARR, his wife, also Before me personally appeared known SS ~N~ ~E B~~ 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 putposes there~n expressed. WITNESS my hand and official seal in the County and State last afor.esaid this 19th Day of April ~ ~..975 . ~ .r~«utn~u,,, . • - ~ ~ y. . Ny Commission Expires: _ JuIIe 30 ~ 1975 Notary Public, State of Flor~~~'.~~ : ~ ; . ~ . ~ ~ - " t : i ' c~ ' - - . • ~ " ~ _ : . ` ~ ~ . t't : ~ ~ ; ~ . : ~ ' - ~ r. ,r~~~/tflr~ul.t::t:t:•', . eooK 238 P~~~ 2746 ~ ~ ` ~ ~ ~ ~ : . ~ 1. 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