Loading...
HomeMy WebLinkAbout2252 Our file 5-32,969 ~ tA~s mw~~a~F .N o~he~ ~uns(t~ o( ulle w~hc ~t~s~ed poputy ~a eaunawshmenl 01 ~Ac ~n~t~~edness secured hete~Y, all ri~A~, ~ulc aad ~n~eres~ ot ~Ae Mcx~~aa.x ~n and lo any ~nswance polic~es ~Aen ~n (oroe sA~ll pass to the purcAsser w~rseiee. (A) To per(«m. cun~ply w~tA aed ab~de by s~cA and every ~Ae supul~t~oos. •~reements. cond~pons and coven~n~s ~n sa~d p~uaussaY . eole snd ~o ~h~s deed ~et (wtA. l11 Thst d aey ot s~~d suss of money Ae~cin retcned to be aot pranptly and fully paiQ ~~~tA~n f~tteea days aeat siter the ssme severallY becomes due ~nd psYable.a it eacA and eve~Y ~e supul~uons. ~~~esa~eets, cond~lious ~nd coveaaats of s~~d Otar~s- say note aad tA~s deed. or euher, s~e no~ tully pertaaed. co~pl~e0 w~tA aad abided by. the xs~d ~krepte su~ eien~~oeed m s~id paa~ssory note shall becasc duc and paYaplt /atA~~tA a thercafte~ ~t tAt eptiow of tAe Matss~ee ~s fully aaA coa~pletely ss it the ss~d s~~e~~~e aw~ ot sud pran~xaorY note W~s on~~n~11Y supul~ted to be aid on sucA d~Y. aeyU~in~ ~s ssid ~oe~ssory note a htre~e to Iht coetrsry notr~tAsl~nd~e~. (j ) Tha~ ~n ader ~o acceluate ~Ae ma~ur~~y ot t1+e inde0tedness hereby secured. sec~we of the (alure of ihe ?lat~~~o~ to Psy sny ts~, asse`sment, liab~luy, obl~~ation ~x encumErance upon ssid p~oputy, aa bere~n provided, i~ sh~il ~ot be aeces~uy a reauisite Wat ehe mat~s~ee shall f~rst pay tht same. ' - 2. The hlortgagee may, at his option. and without waiving his right to accelerate the indebtedness hereby secured and to foreclose the same, pay either before or after delinquency. any or alf of those cectain obli~ations required by the terms hereoi to be paid by the Mortga~or (o~ the protection of the mc~rtgase security or for the col- lectio~ of the indebtedness hereby secured. All sums so advanced ot paid by the Mortgagee shall be char~ed into the mottgage account anJ become an integral part thereof, subject iri all respects to the terms. conditions. and covenants of the a[o~esaid promissory nate, and this mortgage, as fully and to the same extent as thou~h a part of the oriEinal indebtedness evidenced by said note and secured by this mortgage. excepting howevet. that said sums shall be tepaid the Mortgagee forthwith upon its demand and be in addition to the reaular moethly install- ments provided by the mortaage note. 3, That the abstract or abstracts of title coverina the mortgaged property shall at all times, durins the tife of this mortgage, remain in possession of the Mortsagee and in event of the foreclosure o[ this mortgase or other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby. all ri6ht. title and interest of the Mortgagor in and. to any such abstracts of title shall pass to the purchsser or grantee. 4. To the extent of the indebtedness of the Mortgagor to the Mottaagee desctibed herein or secured hereby. the 111ort~agee is hereby subrogated to the lien or liens and to the rights of the owners and hoiders thereof of each and every mortgage, lien or other incumbrance on the land desetibed hetein which is paid and!or satisCed, in whole or in part, out of the proceeds of the loan described herein ot secured hereby. and the respectiv~ liens of said mortgages, liens or other incumbrances, shall be and the same and each of them hereby is presetved and shall pass to and be hetd ~y the Mortgagee hetein 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, transferred, set over, and delivered unto the Mort- sagee by separate deed of assignment. notwithstanding the fact that the same may be satisfied and~cancelled of record. it being the intention of the patties hereto that the same will be satisfied and cancelled of record by the - holders thereof at or abouCthe time of the recotdins of this mort6age. S. In the event the ownership of the mortga6ed premises. or any part thcreof. becomes vested in a person other than the !Nottgaaor, the ~tortgagee may, without notice to the Mortgaaor. deal with such successor or suc- cessors in interest with reference to this deed and the debt hereby secured. in the same manner ss with the Mort- gagor without in any way vitiating or discharging the Mortgasoc's liability hereunder or upon the debt hereby secured. No sale of the premises heteby mortgaged und no forbearance on the part of the Mottga~ee, and no ex- tension of the time for the payment of the debt hereby secuted given by the Mort6agee s6a11 operate to release. discharge. modify. chanae or affect the original liability ot the Mortgagot hetein either in whole or in part. 6. Th~ lien o[ this deed secutes 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 atl such indebtedness shall have been tully paid. 7. !n 1he event the n~ortgagors sell, convey o~ transjer the ?nortgaged p~ernises during tbe lije oJ this rnort- gage. then this mortgage shall, a~ the option oj the Afortgagee hereue. becoine im~nedietely due and payable jor the i jull sum oj the principal balance and interest then due. ; 8. The tertns "Mortgaaor" and "Mortgagee" whenever used in thic insttument shall include the heirs, personal representativas, successors and assigns of the respective patties hereto. Wherever used the singular ~ number shall include the plural and the plutal the singular. and the use of any gender shatl include al! genders. ~ , ~ Sig ed, sealed d li red in e p sence of: ~2~'!f''^~ (Seal) ~4'~- -..e~,I~ l,L~~~~/-~~*~aq ~ ~7~ _ ~ ~ ~ STATE OF FLORIDA ~ ~ ~ COUNTY OF~~ j ss ~ ST. LUCIE ~ ~ Before me personally appeared EUGENE WILLIAMS and FBANCES PEARL WILLIAMS,his wife, ~ to me well known and known to me to be the individuals described in and who executed the fote6oing instrument, and acknowledged 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 9th nay Of Atigtl3 1975 ~ YE 3 { a ,~KNIIIIIII~~ 4•~.. - ~ ~1y Commission Expires: JUiI@ 3Oa 1979 Notary Public, State of FZO 'r ~ , . rs' `1' ~ _ t ~ _ . :;ta_oTa~r;.--.= - } .-.r-.- l ~ _ N; oov : W'= = ~ ~p~~ Q ~ ~ . ~ v , . Q~[:'• ~ ~ ~ ~ '~'',,,,;~~fLOi j pa~~~~.,`~` ~ eoox2~ QncE~2~ . ~ ~ . . Y.~ - - - - ~ ~ u~ ~'~a. ~ ~ ¢ .k, _ _ _ ~ .