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Home My WebLink About2793 ~Our file 5-32,446 ~hu mor~`sEe w o~hei uans(r~ o( atle W~he ieo~~is~ed pcope«y ~n eiun~waAmeM u~ IAe ~ndeb~~Jneaa .e.wed Ac~c~~, all nrM, uUc and ~nures~ o( tAe Mw~ia~w m and 1o any ~nswance poGc~es ~Ren ~n (orce ahalt psss to ~ht purch~se~ or ~~~n~ee. (h) To per(am, cumplY w~th and ae~dt ~Y tacA and eve~y the shpulauons, a~rcemeets, toed~Uon~ and coven~n~s ~n s~~d prum~?sory nott and ~n th~. dted set (orth. Q) TAaI d anY o( sa~d swnc p( money he~t~n re(erted lo Se not praeptly and fully pa~d ~~tA~n (dteen Qays nea~ at~er . the same severally Aecomes due snd pays~le,a ~f escA and eve~y tAe s~~pul~l~ons. ~~~eements, cond~t~ons and covenants o( sa~d prom~y- ~ say ~ote and this deed, or e~~her, are not (ully per(ore~ed. complwd W~th and sD~ded b~, ~he +a~d s~~re~a~e swn meet~oned ~e ss~d ~ pran~ssory eule shsll becoae dut a~d payable tatl?W~th a IAue~tter at tAe opt~oa ot the Mor~~a~ee as tully a~d eompletely ss ~f ~he ~ sud ss~re:a~e sum ot sa~d prom~acwy note ~ras a~~inally supul~ted to be pa~d m such d~Y. anytA~n~ m s~~d prom~ssory note a Aere~n ; ~o the contrsry notwrths~and~n=. 3 ~ V 1 That in wde~ io accele~a~e iAe mstur~~y o( tAe ~ndebtednes~ heteby secu~ed, because o( ~Ae ta~lure o( ~Ae Mwt~a6or ta paY +~Y assecsment, lu~~l~, obl~~at~o+~ or encumbrance upon sa~d p~npaly, as herem pro~ided, u shall not be neces~ary or ~eQws~le that the } mor~~asee shaU hri~ paY ~Ae same. ~ 2. The ~lortgagee may, at h~s aption, and without waiving his right to accelerate the indebtedness hereby ~ secured and tu forecl~~se the same, pay eithet before or aftet delinquency any or ail of those cettain obligations ~ required by the terms heteof to be paid by the Mortgagor far the protection of the mcirtgage security or for the col- j lection of the indebtedness hereby secured. Atl sums so advanced or paid by the !Nortgagee shall be charged into ` ; the martgage account anJ hecome an integtal patt thereof, subject in all respects to the tetms, canditions, and 4 covenants of the af~resaid Promissory ~ote, and lhis mortgage. as (ully and to the same extent as though a part ; ~ of the original indebtedness evidenced by said nate and secured by this mortgage. excepting however, that said ~ sums shail be repaid the Alottgagee forthwith upon its demand and be in additioo to the regulat monthly install- , ments provided by the mortgage note. ~ 3. That the abstract or abstracts of title covering the mortgaged propetty shall at all times, during the life = of this moctgage, remain in ~.+ossession of the Aiortgagee and in event of the foreclosure o[ this mortgaae or ather transfer of title to the mortgaged property in extin~uishment of the i~debtedness secured hereby. all right. title and interest of the ~lortgagor in and ta any such abstracts of title shall pass to the purchaser or grantee. 4. To the extent oF ihe indebtedness of the Mortgagor to the Mottgagee described hecein or secured hereby, the !1lortgagee is hereby subrogated to the lien ot liens and to the rights of iha owners and holders ther~of of each ~ and every mortgage, lizn or other incumbrance on the land described herein which is paid and!or satis[ied, in ~ whole or in part, out of the proceeds of the loan described herein or secured hereby. and the respective liens of f said moctgages, 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 fot the indebtedness to the Mortgagee herein described or hereby secured, to the same extent that it would have been Pteserved and would have been passed to and been held by the ~lortgagee had it been duly and regularly assigned. transferted, set ovet, and deliveted unto the Mort- gagee by separate deed of assignment, notwithstanding the fact that ~he same may be satisfied and cancelled of record, it be~ng the intention of the parties hereto that the same will be satisfied and cancelled of record by the ~ holders thereof at or about the time of the recording oi this mortgage. ; 5. ln tha event the ownership o[ the mortgaged premises. or any part thereof. becomes vested in a person i other than the !Nurtgasor, the Nortgagee may, without notice to the Mortgaaor. deal with suck successor or suc- # cessors in interest with reference to this deed and the debt hereby secuted, in the same mannet as with the Mort- } . gagor without in any way vitiating or discharging the A1ortgagor's liability hereunder or upon the debt hereby ~ secured. No sale of the premises he~eby mortgaged and no forbesrance on the part of the Mortgagee. and no ex- ~ tension af the time for the payment of the debt hereby secured given by the Mortgagee shall operate to release, ~ uiscnargc~ m~xiiir, cnangc v~ biic~i inc vnsn~6i i~avri~iy vi inc irnni~66v~ uc~c:n c~inv~ in wi~~ic v~ ~n pa~t. ~ I~ 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 renewal or extension thereof or substitute there- for, or otherwise, until all such indebtedness shall have been fully paid. ! 7. In ~he even~ the mortgagors sell, convey or t~ansjer the nro~~gaged prar~ises during tlee lije oJ this mort- ~ gage, then this mo~tgage shall, at 1he op~ion oJ the Afortgngee herein, become inunedietely due and payable jor ~he Jult sum oJ the principal balance and interest then due. 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs. personal representatives, successors and assigns of the respective parties hereto. Wherever ased the singular number shall include the plural and the pfural the singular. and the use of any gender shall include all genders. : - ~ ~ S ned, seale d liver d i e presenco o[: (Seal) ~ ~ - ~i~~Ll~~ (Seaq ~ ~ ~ ~ STATE OF FLORIDA l ~ COUNTY OF~fE j ss ST.LUCIE ~ 4 Before me personally appeared ROLAND W. MALO and ISABEL V. MAIA ~ hiS wife, to me well known and lcnown to me to be the individuals described in and who executed the foregoing instrument, ~ and acknowledged before me that they executed the same for the purposes there~n expressed. WiTNESS my hand ~ and offic~al seal in the County and State last aforesaid this 7th Day Of M8y~ 1975. ~ ~ ~ . t ~ ii ~ ~ ; `1y Comm~ssion Expircs: JLirie 3O ~ 1975 Notary Public, State of . ~ ; , ,r . ~ ~ r.0E0 . ' • ~ F, ; ;u~~R Fs`°~ ~ 3t~8~2'7 _ _ ~ = " ~.`J cp~~~ ~ 5~~ _ - : - - r~`E.,. . ~s ' _ • - : • : - ~ r:~~"~,. ~.~'-.__`f.~;;<_~~ ; g s~ ~ - ~ = y~"~ ~ ~ O BOOK ~~9 PA ' ` ="Y ; ~ ~ ~pi GE478S • ~ : ~ ~ ~ ~ ~ ~~=~_;1~~_ ~ _ _ :