The URL can be used to link to this page

Home My WebLink About0650 , . _ ~ Our file 5-32,330 ~A~s mw~~aEe w othrr usnslc~ of ~Nle Iu ~Ae mo~~~a~ed ptope~ty m<auniwsAmen~ u1 1Ae ~ndebtedness aKwrd he~eb), all ~~~h~, uUe snd ~nte~e~~ o( the Mw~~a~w ~n and to anY ~~suraece polic~es ~hen ~e (ace shall pass to ~Ae purchaaer w ~rantee. (A) To ptflMT, ~urnpir W~~ •~?d ab~dt py each ~nd every tAe st~pul+~?ons, a~~eements, cond~~~ona and coveeants ~n s.~d pr~~m~ssury note and ~n ~h~~ deed se~ (w~b. 1 Tha1 ~f ~ny of aa~d sums ot money heroin re(erred to be not prompily s+~d (ully pa~d rttA~n t~fteee Qays neal a~ter the same sere~slly becaees Jue and psYablt.or ~t eacA and every thc s~~pul~tions. a~~eea~ents. coed~~ions and covensnta of sa~d pw~~s- saY ~o« ~A~s deed. or t~~he~, ate no1 tully pertaiaed. compl~ed ~r~th and apided by, the ~a~d a«re~ate swa mtnuoned ~n ss~d pan~ssay note shall becaoe due and paYablc tortAWUA or therea(ter at the opuon o( ihe Nort~a{ee as (ully and compie~elY as if ~he sa~d att«tate sue of said pranic~ory ewe +rss a~~~n~lly supul~ted to be pa~d on such d~Y. anytA~n~ ~n sa~d prom~sswy noie a herein to the contrsry not~~tAsta~d~nR. V 1 Tha~ ~n ade~ ~o accelerate ~Ae ms~u~Ny o( the ~edebtedness hereby secu~cd, because ot tAe (s~lu~e of ~Ae Mortsa~w ~o pay any u~. a35ltSTl111. I~aD~l~ty, obl~~at~on M encumMsnce upon sa~d property, as here~a proridtd, shall not be neces~ary a repu~sne that the mort~s~ee shall (~rct pay tAe saae. 2. The ~lortgagee may, at his option. and without waiving his right to acc~lerate the indebtedness hereby secured and to [oreclose the same, pay either before or after delinquency any or all af those certain obligations required by the terms hereof to be paid by the Mortgagor for the protection of the mcxtgage security or for the cot- lection of the indebtedness hereby secuted. All sums so advanced or paid by the biortgagee shall be charged into the mortgage account a~d become an integral part thereof. subject in ail respects to the terms, conditions, and covenants of the aforesaid promissory note. and th~s mortgage, as fuliy and to the same extent as thou~h a part of the originai indebtedness eviden~ed by said note and secured by this mortgage. excepting howevet, that said sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regulat monthly install- ments provided by the mortgage note. 3. That the abstract or abstracts of title coverin6 the mottgaged property shall at all times. during the life of this mortgage, remain in posscssion of the Alortgagee and in event of the foreclosure of this mottga6e or other transfer of title to the mortgaged property in extin6uishment ot the indebtedness secured heteby. all right. title and interest of the 1Aottgagor in and to any such abstracts of title shall pass to the purchaser or grantee. 4. To the extent oE the indebtedness of the Mortgagor to the Mortsa6ee described herein or secured hereby, the ;Nottgagee is hereby subrogated to the lien ot liens and to the rights of the owners and holders theteof of each and every mortgage, lien or other incumbrance on the land desctibed herein which is paid and!or satisCed, in whole or in part, out of the proceeds of the loan described herein or secured heteby, and the respective liens of said mottgages, liens or o:her incumbrances, shall bc and the same and each ot them hereby is preserved and shall pass to and be held by the Mortgagee herein as security for the indebtedness to the Mortgagee herein desctibed or hereby secured, to the same extent that it would have been preserved and would have been passed W and been held by the ~lartgagee had it been duly and regulatly assigned. ttansfened. set over. and delivered unio 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 of the parties hereto that the same will be satisfied. and cancefled of record by the i holders thereof at or about tht time of the recording of this mortgage. S. in the event the ownership of the mortgaged premises. or any part thereof. becomes vested in a person i other than the !~lortgagor, the ~tortgagee may, without notice to the Mortgagor. deal with such successor or suc- cessors in interest with re(etence to this deed and the debt heteby secured, in the same manner as with the Mort- ga6or without in any way vitiating ot discharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbeuance on the part ot the Mortgagee, and no ex- tension of the time fot 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 Mortgagot herein either in whole or in Part. - 6. The lien of this deed secutes and shall continue to secure payment of said indebtedness or indebted- ncss. however evidenced. whether by said promissory note or any renewal or extension thereof or substitute there- i for. or othetwise, until all such indebtedness shall have been fully paid. 4 7. In the event the mo~tgagors sell. convey or transjer ~he ~nortgaged premises during the lije oj tbis rnort- ; gage, then this mo~tgoge shall, at the oprion oj the Afortgagee 6erein, become im~nediately due and payable Jo~ the ~ ju/l sum oJ the principal halance and interest then due. ' ~ 8. The tertns "Mortgaaor" and "Mortgagee" whenever used in this instrument shall include the heirs. personal representatives. successors and assigns o( the respective parties hereto. VYherever used the singular number shall include the plural and ~he plural the singular, and the use of any gender shall include aU genders. ~ Si ed. seal nd eliv ed in e presence of: ' (Seal) ~ ~Seaq STATE OF FLORIDA ~ COUNTY OF~ j ss - ST.LUCIE ~ ~ Be(ore me personally appeared JERALD D. STLILL and FAYE B. STITLL~ his wife~ to me well known and known to me to b~ the individuals described in and who executed the foregoing instrument. ~ and acknowledged before me that they executed the same [or the purposes thercin ezpressed. WITNESS my hand ~ and official seal ~n the County and State last aforesaid this 24th Day of April, 1975 ~ ~ ~ ~ ~ . . ~ ~ My Commission Expirts: JUlle 3O. 1975 Notac Public, Statc f FZZS St I.8 @ Y ~P.•• % ~ • ~ ~ • J' .:d s ~ flLc^ "'~?,O~MtY FLA. ' ~ ' c` ~ ~ • ~ - - : - ~ Sj. L~~~~- ; 3 3Q~4~~ = : t : - RO•:•%' , n~R •N' • = = ~ , ~J1~ CV : ~ ; / ; ~ ~n`:; :'v .~';-:'s: nf r` . . , ~ ~ -j< ~ ~ MA~ 6 3 4z P~ ~5 ,.T . ; ~ Bo~K 239 PA~~ 649~ - ~ : ~ fs ~4~ ; ~ - ` ~ v~~~~ ~ ~ * ~ ~ - ~ ~ ~ . ~ ~ ~s