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Home My WebLink About0880 tA~+ mon~eaKr w uiArr tnn~lri nf h~1e ev ~h~ muris~red popet~~ ~n ei~inYu~~hmem ut thr ~ndr~TfJii~~~~ei~c'a h!'fehS!~1?~~e14~u~1e rn~ ~merr.t uf ~Ae \1u~t~a~w m and to ~ny ~nsu~ancr pol~c~es then ~n (orce shall pass to ~Ar pu~cha~cr u~ gun~ee, ` (h) Tu prn~Km, ~wnply rruA •nd ab~de by each ~nd every tAe sUpulauons, a~rtements, coad~hoe. ~n0 corenan~~ ~n se~d p~um~.~ury nott and ~n tA~. derd .et lorth. 1 That any uf ~aid sum. ul muney here~n ro(ened to be nut p~ompUy and fuUy pa~d w~~h~n fJteto Cays neat a(~c~ Me same severally becomrs due and psYahle.or ~t etcA and every the s~~pulat~ons. a~~eement~, cund~hona and covenan[s ot said prom~s- say note and ~A~s deed, or euher, are noi fully performed. complied wuh and ab~ded by, the .~id a~t~~e~ate sum mcni~oned m s~~d prwm~sory note sAall becase due aed pay+Die fatAM~th or cAerea(tcr at ehe opl~on o( the S1orlRatee as (ully and complr~ely sa ~f ihe ss~d sasresate ~um ot sa~d promiccory note ~ras ons~naily s~~pulated to be pa~d on such diY, anytA~n~ m sa~d prom~sao~y no~e or Ae~e~n w ~he contrary not~r~ths~and~nE. 1 That ~n order to ~:celerste ?Ae mawr~~y of the iedebtedness hueby secwed, 6ecause of the fa~lure ot ~Ae No~tsasur ro pay any eya, as.ecsment, I~aA~lity, obl~taUon .v rnwmbranct upon ss~d property, as hetem prov~ded, u sha11 not be neces~a~y a r~Qu~sue th~t the m.xt~a~te shall (u~t pay tht samt. 2. The \tortgagee may, at his option, and without wa~ving his nght to acceleratc the indebtedness hcreby secured a~d tu foreclose the same, pay either before or after delinquency any or all of those certain obligations required by the terms hereof to be paid by tho ~lortgagor for the protection of the rr?c~rtgage security or for the co!- lertio~ of the indebtedness hereby secured. All sums so advanced or ~a~d by the Mortgagee shall be charged into tht mortgage acc~~unt anJ become an integta! part thereof. sub~ect in all respects to the term~, conditions, and covenants ot the aforesaid prom~ssory oote, and this mortgage, as fu{ly and to the same cxtent as though a part { of the original ir~debtedness evidenced by said note and secured by this mortgage, excepting however, that said sums shall be repaid the tllortgagee fotthwith upon its demand and be in addition to the regular monthiy instafl- f ments provided by the mortgage note. ~ 3. That the abstract or abstracts of title eovering the mortgaged property shall at all times, during the life of this rrx~rtgage, remain in possession of the !1lortgagee and in event of the foreclosure of this mortgage or other ; ~raosfer of title to the mnrtgaged propcrty in extinguishment of the indebted~ess secured hereby. all right, 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 Mortgagor to the tilortgagee described herein or secured he~eby, the Atortgagee is hereby subrogated to the lie~ or liens and to the rights of the owners and holders t;~ereot oC each and every mortgage, I~en or other incumbrance on the land described herein which is paid and!or satisfied. in whole or in part, out of the ptoceeds of thc laan described herein ot secured hereby, and the respective liens of said mortgages, licas or other incumbrances, shall be a~d the same and each of them hereby is presetved and shall ~ pass to and h~ held by the Mortgagee herein as secu~ity for the indebtedness to the hlortgagee hetein described ; or hereby secured, ta the samc extent that it wouid have been preserved and would have bten passed to and been t heid by the ~tortgagee h~ it been duly and regularly assigned. transferred, set over, and delivered unto the Mott- ~ gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it be~ng the intention of the parti~s hereto that the same will be satisfied and canceiled of record by the holdets thereof at or about the time of the recording of this mortgage. ; 5. In the event the ov?nership of the mortgaged premises, or any part thereot. becomes vested in a person ~~ther than the ilortgagor, the \tortgagee may, without notice to the Mortgagor. deal with such successor or suc- cesso~s in inlerest K•ith reference to this deed and the dcbt hereby secured. in the same manner as with th~ Mort- gagor without in any way vitiating or discharging the Mortgagor's liability heteunder ot upon the debt hercby secured. No sale of the premises hereby mortgagcd and no forbearance on the part of tfu Mortgagee. and no ex- tensian of the time for the payment of the debt hereby secured given by the Mottgagee shall operate to release. discharge, modify, change or a[fect the originat liability of the Mortgagor herein cither in whole or in pari. ~ 6. The lien of this deed secures and shall coniinue to secure payment of said indebtedness or indebted- : ness, however evidenced. whether by said promissory note or any renewal or extension thereof or sabstitute there- loc, or otherw~se, until aU such indebtedness shall have b~en [ully paid. 7. !n the erent the mortgagors sell, convey or transjer 1he mortgaged premises during the lije oj this mort- gage, then this mor~goge shall, at fhe option oj the bfortgagee herein, become inunediately due and pQyable Jor the jull sum oj the principal belarrce and inte~est then due. 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrumem shall include the heirs. personal representativ~~, successors and assigns of the respective parties hereto. Wherever used the singular num r shall include the plural and t lural the singular, and the use of any gender shall include all genders. ; Si ed. seale iv ed in the esence of: i'~ .l ~L !.~(~'~or~1L~~~ (Seal) } ~ ~t~~ , ~ ~Seal) , , STATE OF FLORIDA I COUNTY OF ~ 'S ST.LUCIE ~ j Be[ore me personally appeared EDWARD LEE CL~'1ENT and DAPHINE CLEMENT ~ his wife, ! to mr well known and known to me to be the inclividuals described in and who executed the foregoing instrument. I and acknowledged before me that they executed the same for the purposes there~n expressed. WITNESS my hand ~ and off~cial scal in the County and State last aforesaid this 26th Day of April, 1975 1 ; i ~1y Commission Expires: Juil@ 3O, 1975 'J 6~` g S r e ~ Notary Public, ~ate.pf•' ' ~ frtf!; . - - . :.•.E~ = % p/, ~ ~ St ~'.i::~~. h 1 f Fld. ~(K~ ~ J . . q ~ ~l/" " ~1 i_:. :~G4RT ' -1 - . ,--o~' , MAr ~ ~ o$ Pt~ T~ ~ ~ ~ 8~~~~`~9 ~Hcf ~ ~ ~s93 . 87$~-. , ~ ~ . ~ ~ ~ _ _ _ _ _ ~