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HomeMy WebLinkAbout2017 Our file 5-32,931 ' > ~~i~R< <N ~tAe~ tnnsfe~ ol u~le to t~e mort~a~ed poperly m eaun~wshmen~ W ~he ~ndebteJ~esa +ecwed hcreny, ~U n~h~, tnle aod IOIQ(!« O~ IAC A~OI~~a~.v m~nd to aoY ~nswsnce pol~c~es then ~n (orce sh~ll pass io the purcAsse~ o~ t~~n~ee. tA) 7o pr~f~wm, cumplY W~th and ss~de sy each a~d every the shpulahons, s~reements, co+~d~~~ons and coYenan~x ~n sa~d prum~~sory note and ~n th~. deed se~ (ortA. / Thst ~t sny o( aa~d suma o[ money here~n re(erred to be not praspUY ~~d. ~~~~Y O~~d ~~~h~n (~(~een Qays nea~ s(~e~ the samc se~e~ally pecanes due and psya~le,o~ escA and erery the st~pul~t~ons. ~~reements, cond~~~ons snd covenants o( sa~d ptomis- say eote and tA~s deed, or tuAer, ate not (ully per(onaed, coai0~?ed w~~A snd ab~ded by, ~he ss~d a«~cpte sum menuoeed m sa~d praa~ssaY ~o~e shall secome due and psY~ble forth~~tA a ~he~eatter •t tAe opuon of tAe Motl~s~ee as tully and complettly ss ~t the said s~pes+te swe o( said pran~ccay note ~rss on~~nally st~pul~ted to be pa~d on such d~y. anyth~n~ ~n s~~d pran~ssaY eote a Aero~n to the comrsry notw~thstand~nE. ) TAa~ ~n wder to accelerate ~he matur~~y o( tAt ~ndebttdness here~y secmed, Decause o( tAe fa~lurt o( tAe 1Awt~a~w ~o psy any ua, asse~smenl, I~ab~lily, obl~~at~on ex encumbrsnct upon ss~d property, as he~e~n provided, u shaU oot bt etcessary a reQu~s~tt Nat tht mataa~ee sAall fu~t psy the same. 2. Thc ~lottgagee may, at his option. and without waiving his tight to accelerate the indebtedness hereby secored and t~~ foreclose the same, pay either before or after delinquency any or all af those cettain obli6ations required by the terms hereof to be paid by the Nortgagor fot the protection of the me+rtgage security or for the col- lection of the indebtedness hereby secured. All sums so advanced ot paid by the Mortgagee shall be chatged into th~ mor~gage account and become an integral part thereof. subject in all respects to the terms, canditions, and covenants of the af~resaid promissoty note, and this mortgage. as fully and to the same extent as thou~h a patt of the original indebtedness evidenced by said note and secured by this mottgage. excepting however. that said sums shall be repaid the Alottgagee forthwith upon its demand and be in addition to the cegular mc+nthly 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 . r oi this mortgage, remain in possession of the Alortgagee and in event o[ the foreclosute of this mortga6e or other transfer of t+tle to the mortgaged property in extinguishment of the indebtedness secured hereby. all tight. title and interest of the 1~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 Mottgagee described herein or secured hereby, the tilortgagee is hereby subtogated to the lien or liens and to the rights of the owners and holders thereot of each ~ and every mo~tgage, lien or other incumbrance op the land desctibed 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 said mortgages, liens or other incumbrances, shall be and the same and each of them heteby is preaerved and shall pass to and be held by the Mortgagee herein as security for the indebtedness to the Mortgagee herein desctibed 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, transf~tred, set over, and deliv~ered 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 intention of the parties hereto that the same will be satisfied and cancelled of cecord by the . holders thereof at or about the time of the recording of this mortgage. S. In the event the ownership of the mottgaged ptemises, or any part thereof. becanes vested in a person other than the !Nortga~or, the ;Nortgagee may, without notice to the Mortgagor. 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- ga6or without in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the pr~mises hereby mort6aged and no forbesrance on the patt ot the Mortgagee. and no ez- tension of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to release. discharge, modify. chanae or a[fect the original tiability of the Mortgagot herei~ either in whole or in part. 6. The lie~ o( this deed secutes and shall continue to secure payment of said indebtedness ot indebted- ness. however evidenced. whether by said promissory note or any cenewal or extension theteof or substitute there- for. or othetwise, until all such indebtedness shall have been [ully paid. ~ 7. In the eveni rhe mo~tgagors sell. convey or hansfer ~he mortgaged premises during the lije oj thes inort- ' goge, ~hen this mo~tgage shalt, at the op~ion oJ the Afor~gogee herein, become inimediately due and payable Jor the ~ Ju/l swn oj the prirecipal bQlance and interest then due. ~ 8. The teRns "Mortgagor" and "Mortgagee" whenever used in thic instrument shall include the heirs, personal representativ~~~ successors and assigns of the respective parties hereto. Wherever used the singular I number sh II include the plural and th lural the singular, and the use of any gender shall include all genders. ~ Signed aled an I' ed i th esence of: ' ~~~.~'uL-S~ ~ (SeaU ~Seal) ~ ~ t STATE OF FLORIDA ~ ~ COUNTY OF QI~ ( ss ST.LUCIE ~ ~ Before me personally appeared N~R~I S~ll~ ~ an unmarried WO~II ~ ~ to me well known a~d known 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 official seal in the County and State last aforesaid this 2nd Day of August, 1975 ~ ~ ~ . ~ ; - ~ ~ty Commission Expires: JUIIe 3O, 1979 Notary Pv6ijpZ~~~~St,~at~t'oY`'• `.~ds at ~ F~~~~~a~~:. ~~~?NtY ~ : • ~a o~ = ~ :Z.•-~+. ~ . -.lrR~s ~ ~ ~y~ - _ ~ k~~ u I 1 ~.O~IRT .i ~ A ~ u - C~ F ~ ~ ' G' ' ~ -en- ~Jf~ - atic.:~~`~ ~ 1~ i7 ~aa ~~.t ~ a~ . , V ~ $o~ 24~ 2~'i9 ~'7~'+"~~. iy ~ " ~3 \ ~ ~ 'S j _ ~ ~ :'4'^.' .'±y~ ,~s ~i]e~' ~F'~S . 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