The URL can be used to link to this page

Home My WebLink About2790 } Our file 5-32,450 ~h~c mw~~aEe w oihe~ ~rsncle~ o( u11e ~u ~he mort~s~ed poperly ~e e~un~u~shment W tAt ~ndeDUJ~ess .ecwrd heroey, •11 n~M, ~ule ~ ard ~nlt~ect ol tht Mo~l~a~w ~n ~nd to any ~nswsnce pol~c~es ~hen ~n (orce sAall pass to 1he pu~cAaser a~~~n~ee, l (h) To perf«m, ~wnply +~~th and ab~de by tach and every the s~~pula~~ons, apeements, cond~~~ons and co~en~n~s ~o cyid prwn~~sory note and ~n ih~s deed se~ fo~M. l~ ) TMt d sny o( ss~d sums ot nwoeY Acrt~n te(etted to be eo1 pto~ptly and tu11Y pa~d ~•~~Mn httten Qays nea~ a(ter lhe ssme seve~ally becanes due at~d paysble,ot ~f eacA and eve~y the s~~pul~t~ons. ~<<eaeen~s, cona~~~ons a~a toven~n~s oi sa~b p~Wa~s. say note and tA~s deed, or e~ther, •te not lully perfor~aed, compl~ed rnU+ snd sbided by, ~he .a~d a«re~a~e swn menuoned m sa~d pran~sswy nute shall Secaoe due atW paY~ble forMW~tA w thaeatter al tht opt~on of the Mat~s~ee ss [ully and completely as ~t the ss~d a{~re~ste sum ot ss~d pan~~ccwy note r~s on~~nally at~pul~ted to Ae ps~d ao sucA dsy, anytA~n~ ~n s~id prom~sso~y note a here~n lo ihe conua~Y ~otw~lAslandm~. ) Tha~ ~n orde~ to acceletste tAt matunty ot the ~ndebtedness hereby secueed, ~ecause of the fa~lure of tAe Mwt~a~or ~o paY snY ~aa. uxe~smeet, I~ss~i~ty. obl~puon ~x rncumbrance upon sa~d property, as here~n prowded, shall not be necessary a teQuu~te that the mor~sa~ee shall fuct pay the samt. 2. The \lortgagee may, at his option, artd without waiving his right to accelerate the ind~btedness hereby secured and tu fureclose the same, pay either be[ore or a[ter delinquency any or all of those certain obligations required by the tetms hereof to be paid by the ;1lottgagot far the protection of the mortgage security or fot the col- lectian of the ind~btedncss hereby secured. All sums sa advancei. or paid by the Mortgagee shaii be charged into the mortgage account and become an integtal part thete~[, subje~t in all respects eo the terms, conditions, and covenants of the aforesaid promissory note. and this mottgage, as fully and to the same extent as though a part of the original indebtedness evidenced by said note and secured by this mottgage, excepting howevet, that said sums shall be repaid the A1ottgagee forthwith upon its demand and be in addition to the cegular monthly install- ments provided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged property shal{ at all times~ during the life ~ of this mortgage, remain in possession of the [~lortgagee and in event of the foreclosure of this mortgage or other transfec of t~~le to the mottgaged property in extinguishment of the indebtedness secured hereby. all right. title and interest of the 4lurtgagor in and to any such abstracts of title shall pass to the purchaser oc grantee. 4. To the exte~t of the indebtedness of the Mortaagor to the !Nottgagee described hetein or secured hereby, the \lortgagee is hereby subtogated to the tien ot lians and to the rights of the owners and holders thereof of each and every mortgage, lien ot 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 ot secured heteby, and the respective liens of said martgages, 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 Mortgagee herein as security for the indebtedness to the Mortgagee herein described or hereby secured, to the same extent that it would have been preserved and would have been passed to and been held by the ~lortgagee had it been duly and regularly assigned. transferted, set over. and deliveted unto the Mort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied ar~d cancelled of record, ii being the ~ntention of the parties hereto that the same will be satisfied and cancelled of record by the j iivi~2iS iiia'.itv $i C3i 3~3iSi i:tt' :ti::C t!( L~1t :tC~Jt~!!lg O~ !!!~Llp!$C_ 5. In the event the ownership of the mortgaged pre~nises. or any part thereot. becomes vested in a person other than the ~lortgagor, the ~+lortgagee may, without notice to the Mortgagor. deal with such successor or suc- ecssors in ir.i~zesi ~ith reftrsr~e i*~ thes dtss! ans! the debt hershy secured, in the same manner as with the l~lort- gagor without in any way vitiating or discharging the Mortgagot's liability hereunder or upon the debt hereby secured. No sale of the pcemises hereby mortgaged and no forbearance on the part of the blortgagee. and no ex- te~sion of the time [or the payment of the debt hereby secured given by the Moctgagee shall operate to release. i discharge. modify. change or affect the original liability of the Mortgagor 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 promissory note or any renewel or extension thereof or substitute there- ; for, or otherwise, until all such indebtedness shall have been [ully paid. ; 7, ln the even~ the mo~tgogo~s sell, convey o~ t?ansjer the morrgaged premises during the lije oj this mort- ~ gage, then this mortgage shall, nt the op~ion of the Aio~tgagee herein, become inunediately due nnd paya6le jor the jull sune oJ the p?incipa! balance atd interest then due. ~ S. The tenns "Mortgagor" and "Mortgagee" whenever used in thic instrument shall include the heirs. ; personal representativ~~, successors and assigns o( the respective parties hereto. Wherevec used the singular ~ number shall include the plural and the plural the s~ngular, and the use of any gender shall include atl genders. ~ -~.~?~0 ~ ~ c~.n,,,~. ~ S~go , sealed d d I~ve d~ e presence of: ~ ~ • ~ - - - - - ~ ~Seap ~ ~ STATE OF FLORIDA ~ ~ COUNTY OF~O~[ ; SS his wife ST.LUCIE ~ Before me personally appeated WILLARD NATNANIEL DARVILLE and ROSA B. DARVILLE, ~ - 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 there~n expressed. WITNESS my hand ~ and official seal in the County and State last aforesaid this 17th Day Of MSy~ 1975 ~ ~ ~ ~ ~ ~ . s:: ~ ~1y Comm~ssion Expires: JuIIe 30~ 1975 Notaty Public. tatL;pE ~ r~~ ~ St , . ~ . ~ . - : . ~r~= ,Z.'~h. ~ ~ „ ~~Y.4 `A ' e:: ~ z . ~ ~ ~ 5t`~~ ~ .~~s a A}„~T - ; . : _ ~ ~ 3~8926 . _ . ; : ~ F~ ~ U ~ . , . . ~ 15 ' ~ p t; pg ~;•:~'•~.:.:..•y~;;~ - : M ~ c~ . ; ~ . - ~ p 1 800K2V~ PACE~ 1 ~ 85 ~ ~ - - _ - _ ~ ~ . : , ~