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Home My WebLink About0632 f i ~ • ~ Our fiie 5-32,814 tMs mar~~~Re ~w uther trsnsfs~ ot u11e w the ma~~a~ed poputy ~n eau~su?shmenl ul tAe ~n~iebuJnesa .ecu~rd Aercn~, ~U n~h~, u~le arW ~mcr~.~ or ~ne ~+r~asaw; n and ~o any ~naurance polic~es IAee ~n fwce sAall piss to 1he purchsxer a~rin~ee. lA) To pe~inm, cwnply v~th snd as~de by eacA ~mf every the s~~pulauons, s~reemeels, cond~t~ona and covenan~s ~n aa~d prwn~~sory no~e srW in ~hu deed ~et (ortA. / TAa~ sny of aa~d swna o( naney he~e~n retened lo be not prompily and (ully pa~d r~~A~n tif~een Esys eeat al~er the ssme severallr becaees due and p~yable,a if each ind erety the st~pula~~oni, ~~~eements, cond~~ions sed covenaats o( sa~d pcaais• say note,and tA~s deed, o~ eitAer. ue not tully perfa~ed, caaplied w~tA and aD~ded by, ~he .a~d a~{re~s~e swa a?cnuoned ~n sa~d pran~saory note shall becase due aod payasle fortA~~th a tAere~fter at tAe ootion of tAe Mal~slee •s lully and completely as d the sa~d a~~re~:~e sus ot sa~d promiasay note Wss ai~inslly stipulated to ~e paid on sucA d~y. anyU~in~ m s~~d pom~ssory note or Aere~n 1o tAe comrary notrithsl~edm~. 1 TAa~ ~n order to accelera~e the matunty ot ~Ae inde?tedness hsreby secured, secause of the ta~ture of iAe M«t~a~w ~o pay any ua, asse.~ment, hab~li~y, obl~~~tion i+r encumbrance upon sa~d property, as here!o prov~ded. shs11 not be necessary or requ~site ~Aat the mat~a~ee sAall fus~ pay the saa~e. 2. The hiortgagee may, at his option. and without waiving his right to acceterate the indebtedness hereby secured and to foreclose the same, pay eithet befote or aRer delinquency any or all of those cettain obligations required by thr tetms hereof to be paid by the Mott6agot far the protection of the mortgage security or for the col- lectioa of the indebtedness hereby secured. All sums so advanced ot paid by the Mortgagee shall be chat~ed into the martgage account a~J become an ioiegral part thereof, subject in all respects to the terms, conditions. and covenants of the aforesaid promissory note, and this mort6age. as fully and to the same extent as thoush a patt of the orisinal indebtedness evidenced by said note artd secured by this mort~age, excepting however. that said , sums shall be repaid the Mottgagee forthwith upan its demand and be in addition to the regulat monthly install- ! ments provided by the mottgage note. ~ 3. That the abstract or abstracts of title coverinE the mortgaged propetty shall at all times. durin6 the life of this mortgage, remain in possession of the Mortgagee and in event of tha foreclosure of this mortgaEe or other transfer of title to the mortgaged property in extinguishment ot the indebtedness secuted hereby. all ri~ht. title and interest of the !~turtgagor in and to any such abstracts of title shall pass to the putchaser or grantee. 4. To the extent of the indebtedness of the Mortgagor to the Mortga~ee described herein or secured hereby, the ~lortgagee is hereby subragated to the lien or liens and to the rights ot the owners and holders thereof of bach and every mortgage, lien or other incumbrance on the land described herein which is paid and!or satisfied, in whole or in part, out of the proceeds of the loae described herein or secured hereby, and thG tespective tiens of ; said mortgages, liens or other incumbrances, shail be and the same and each ot them hereby is ptesetved and shall ' ~ pass to and t~e 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 Alortgagee had it been duly and regularly assigned, transferted. set over, and delivered unto the Mort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of ~ record. it being the ~ntention of the parties hereto that the same will be _satisfied and cancelled ot tecord by the holders thereof at or about the time o[ the recordin~ of this mortaa6e. - 5. In the event the ownership o[ the mortgaged premises, or any part thereof, becomes vested in a person other than the tilortga~or, the Mortgagee may, wit6out notice to the Mottgagor. deal with such successor or suc- cessors in interest with reference to this deed and the debt-hereby secured, in the same manner as with the Mort- s ga6or without in any way vitiating or discharging the Mortgasor'a liability hereunder or upon the debt hereby ~ secured. No sale of the premises hereby mottgaged and no forbeacance an the patt of the MortEagee, and no ex- ~ tension of the time for the payment of the debt hereby_ secured given by the Mortga6ee shall operate to release. discharge. modify. change or affect the ori~inal liability of the Mortgagor hetein either in whole or in part. 6. The lien oP this deed secures a~ shalt contieue to secure payment of said indebtedness or indebted- ness. however evidenced, whether by said promissory note or any renewal a extension thereoE or substitute there- ~ ' . for. or otherwise. until all such indebtedness shall have been tully Qaid. 1. ln the event the mortgagors sell. convey or t~ansjer the mo?tgaged preinises during the lije oJ this mor~- j gage, then this mo~tgagt shall, ae the oplion oJ the Mo~tgugee herein. 6econ~e imn~ediately due and paya6le jor ~he ; Jull swn oj the principal ~alance and interest then due. 8. The t~rms "Mortgaaor" and "Mottgagee" whenever us~d in thic i~strwnent shall include the heirs. personal representativas, successors and assigns of the respective parties ~~iereto. Wherever used the sin6ular number shall include the plural and the plural the singular. and the use of any gender shall include ge ders. Sign , ealed a re n r e of: eal) ~ ~SesU E . F , s STATE OF FLORIDA I T - COUNTY OF~QJ~ ( ss ST. LUCIE ~ - Before me personally appeared FRANCES E. SECREST, an unmarried woman, to me well known and known to me to be the individua{s described in and who executed the foregoing insttument, and acknowfedged before me that they executed the same for the purposes therein expressed. WITNESS my hand and official seal in the County and State last aforesaid this 17th DSy of July, 1975 ~1y Canmission Expires: Jut1e 30 1979 Notary'Public. State of F oride ~ ~A ; fILEO AM~ fi~~~aDE : ~OIfNTY FIA. ~ , S1. LUCIE . , : RO~ER ~G~1RAS - _ ~ J : + CIEFK C:•~~u?T COURT • _ ~ i _ ilE~~.lE~:--.. - . > z : . ~ . : aECOF~ ' - ,~5 _ - . _ : 1 z~ P - : _ ; . . _ . . . ~ 3 /36 ~ aoo+~2~ ~ ~3~ : _ . , ~ k ~ ~ ~ ~ ~ ~ ~ - . g~ ~ fi ~ _ - ~ ~ ~ e _ . s f~'=~: ' . .