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Home My WebLink About1476 . . • . Our file 5-32,374 ~h~s m~tia~e ax J1ili1 ttanstei of ~~tlr W~hc mo~t~a~cd ptoperty m tat~nruishmen~ ul ?re ~ndebtednec~ .e.wcd Acrcn~, ~U naM, t~~le an.i ~niere~~ uf ~ht ~lu~tis~w ~n ~nd to any ~nsw~nct pol~c~es tAen ~n (orce shall pass lo the purchaact o~ eran~te. (A) To prrf~rm, cumply rruA snd ab~de by tath ~nd tvety tAt sUpulat~ons, a~reements, tond~~~ons and LOYln~A15 m sa~d prwmswty note and ~n ~A~~ JerJ ~e~ (orth. . 1 Tha~ d any of sa~d sum.c ut money here~n ~eferrcd to br nol promp~ly am1 tully pa~d ~uh~n (~Qeen days nezt s(ter tAe same sevenlty eccumes due asd paYablt,a ~t eac~ and evety tAc ahpuiat~ons, apcements, ~ond~uw?a aod covtnants ot sa~d praa~s- say nate and tMs deed, ot e~tAer, ate no~ (ully performed. cwnDGed W~th and ab~ded by, ~he ,a~d as~rep~e sum menuoeed ~e sa~d pran~ssoty no~e shall eecane due and DaYaDle tetth~•~th a tre~e~fu~ •t tAe opt~on ot the Mor~~a~et as fully and comple~ety as ~t tht ssid s~t~e~ate swa of ss~d prom~sswY ~ote was onsmally supul~ted to be pa~d on sucA dry, aaytAin< <a sa~d p[an+sso~y noie or Aere~n to tAe con~nry not~•~ths~and~ns. V) That ~n wder to accelerste the matu~~~Y of tAe inJebtedness AereDy securcd, because o( the fsilure of ~he Ma~ja~w ~o pay any ua, ~s~essment, l~ab~l?ty, obl?s~tia+ eK rncum:brance upoe+ sa~d prape~ty, as ~erem provided, shatt not be ntces~ary or tequ~s~tt that tAe mor~sa~ee shsl) f~r~~ pay tAe same. 2. The Mottgagee may, at his opt~on. and without waiving his right to accelerate the indebtedness he~eby secured and tu foreclose the same, pay either before or atter delinquency any or all of those certain oDligations required by the terms h~reof to be paid by the ~lortgagor for the protection of the mc~rtgage security or for the coi- Itction of the ind~btedness hereby secured. All sums so advanced or paid by the Mortgagee shall be charged into the mor~gage account and become an integcal part thereo~. subject in elt respects to the terms. conditions, and covenants of the aforesaid promissory note, and this mortgage. as fuily and to the same extent as though a part af the original indebtednes~ evidenced by said note and secured by this mortgage. excepting however. that said sums shall be repa~d the 1!:ortgagee forthwitfi upon its demand and be in addition to the regular monthly install- ments provided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged propetty shatl at alt times. duting the lite of this mortgage, remain in possessio~ o[ the lllortgagee and in event of the foreclos~re of this mortgage or other transfer of title to the mortgaged property in extinguishment o[ the indebtedness secured hereby. all ri6ht. title and interest of the :Nuctgagor in and to any such abstracts of title shall pass to tfie purchaser ot grantee. a. To the extent oP the indebtedness ot the Mortgagor to the Mortgagee described herein ot secured hereby. the !1lortgagee is hcreby snbrogated to the lien or fiens and to the tights of the owners and holders thereof of each and every moctgage, lie~ or other incumbcance on the land described hetein wfiich is paid and!or satisfied, in whole or in part, out of the proceeds of the loan des~ribed herein or secured hereby, and the cespective {iens of said mortgages, liens or other incumbrances, shall be and the same and each of ihem hereby is prese[ved and shall pass to and be held by the Mortgagee herein as security for thc indebtedness to the Mortgagee herein desctibed or hereby secured, to the same extent that it would have been pceserved and would have been passedlo and been held by tfie !1lortgagee had it been duiy and r~gufarly assigned. tranaferted, set over, and delivered unto the Mort- gagee by separate deed of assignment, notwithstanding the fact that the same may be salisfied 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 tim~ of the recording of this mortgage. 5. ln the event the ownership of the mortgaged premises. or any part thereof. becomes vested in a person other than the !~'brtgagor. the 1lortgagee may. without notice to the Mortgagor, deal with such successor or suc- cessors in interest w+th relerence to this deed and tf~e debt hereby secuted, in the same'manner as with the Mort- gagor v?ithout in any way vitiating ot dischatging the Mortgagor's liability hertundet or upon tht debt heieby secured. No sale of the premises hereby mortgaged and no forbeara~ce on the part of the Mortgagee, and ~o ex- tension of the time for the payment of the debt hereby secored given by the Mortgagee shall operate to release. discharge, modify. change or af[ect the original liability of the Mortgagor herein either in whole or in part. 6. The lien of this deed secuces and shall continne to secure payment of said indebtedness or indebted- ness. however evidenced, whether by said promissory note or any renewal os extension thereof or substitute there- for, or otherwise, until all s~!zh ~~sbtedness shall have been [ully paid. 7. In the even~ the morrgagors sell, convey or transJer the mortgaged preneises duiing the lije oj this mort- gage, then this rnortgoge shall, at the oplion oJ the Afortgagee h~rein, become inune~iately due and paya6le Jor the • Ju/l swn oJ the principa! bnlance and inteiest then due. The terms "Mortgagoc" and "Mortgagee" whenevet used in thic instrument shall include the heirs. personal representative~, successors and assigns of the respective patties hereto. Wherever used the singular number shall include the plural and the plural the singular, and the use of any gender shall include all genders. Signe ealed d iver d in th preser.ce of: (Seal) , ~Seal) ~ - STATE OF FLORIDA I COUNTY OF~I~K j ss ST.LUCIE ~ Be[ore me personally appeared GEORGE WALK~~t atZd DOROTHY WALKER~ his wife~ to me well known and known to me to bt the individuals described in and who executed the foregoing instrument, and acknowledged before me that they ezecuted the same for the pur oses therein ezpressed. WiTNESS my hand and official seal in the County and State last afotesaid this 3rd ~ay Of P'~8~1~ 1975 - ~ _ ~1y Commission Expires: June 30,. 197$ Notary Public, tate~o ~ f~~' ~ ~ : = , >~y ` n~~ , ' _ c_" c~ ~ r? t ~ G:.~ A ; `r,. . ~ a, c~ -,;JKj~ 4~' t n~ •`'r•~~ • - F\4= ~ . `~>S R1 ~ I ~ - ~ SZ \,t:'- • ; ~~~U 11~r ~ ' , ~ ~ ~ F` ~ "~~4 ~-:.•~4~ ^ y'-.t ~ • ' ~~~1~ . ~ ~ . =r` 3 ~6 :.~.:,,T. . - ~?A~ `a ~At~ - ~~G 4 p - i.uY-"C'. - . ~ ~ ~ _ x . _ . . . . ~ .