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Home My WebLink About2412 Our file 5-32,977 . tA~s mon~a~,e .r othr~ trana(e~ 01 u11e tu ~he mo~t~s~ed proper~y ~e eaUn~wsAenent w ~he ~ndebiednes~ .e:wcd Ae~eey, all r~~A~, ~~Ue smf ~o~e~ea1 0( tAe Mw~~s~w ~n ~iwf ~o any ~nsw~nce pol~c~es then ~n force shsll pass ~o the pu~cMse~ or s~an~ee. (A1 To QCf~MT, cwnply w~tA and ~b~de by each and every tAe sUpul~l~ons, a~teemeats; cond~t~ona aed covenants ~n sa~d prwn~ssory eott and ~n lh~s deed +e~ (orth. 1 TAat d ~ny af +a~d swn~ ut mooey herero a(erred to bt eot ptoapQy and fully ps~d ~i~h~n h(~een Qsys nex~ s(~er ~he ssme severally Secomes due snd paysble,ar ~f e~cA and eve~y 1he s~~pulauons, ~~~eeaents, corWi~~oes and coven~n~s o[ sa~d poeus- say note and tA~s deed, a e~~her, are not (ully pertoriaed. compi~ed W~lh and ab~ded by, the ,a~d a{~re~a~e suu menuoned ~n ss~d pamssay eote shall Secane due seW paYable torU+W~tA a Iherea(ter •t ~he opuon ot the Nur~~a~ee as (uliy and completely as ~t the ss~d s«re~ate awa o( sa~d pom~ssay note ~rss on~~nslly st~pul~ted to bt ps~d on such dry, aeylhin~ m sud prom~ssory note or heu~n to ~Ae conusry not~ruhstand~n~. ) Tha~ ~n «der io accele~~~e ~~e o~stur~~y of the ~edeptedness Aereby secwed, because oI the ta~lure of ~Ae Mortsa~or ~o pay any ~aa, assecsa+em, hab~l~ty, obl~p~~oo ~x~encumbrance upon s~~d property, as herem prov~ded, shall not be necessary or reQws~It that ~he matis~ee shail fust pay the san?e. The ~lortgagee may, at his option. and without waiving his right to accelerate the indebtedness hereby secured and t~~ foreclose the same, pay either before or after delirtquency any or all of those certain obligations reqoired by the terms heteof to be paid by the Mottga6or far the protection of the mc~rtgage security or for the co1- lection of the indebtedness hereby secured. All sums so advanced or paid by the Mottgagee shall be chatged into the mortgage account anJ ~+ecoms an integral part theceof, subject in all respects to the terms, conditions, and covenants of the aforesaid prom~ssory note. and this mottgage. as fully and to the same extent as though a part of the vri6inai i~debtedness evidenced by said note and secured by this morlgage, excepting however. that said sums shall be repa~d the 111ortgagee forthwith upo~ its demand and be in additio~ to the regular monthly install- ments provided by ihe mortgage note. . 3. That tht abst~act or abstracts of title covering the martgaged pmpetty shall at all times. during the life of this mortgage, remain in possession of the Mortgagee and in event of the foteclosure of this mortga6e or othet transfer of title to the mortgaged proptrty in extin6uishment of the indebtedness secured hereby. all right. title and interest of the 1~luttgagor ia and to any such abstracts of title shall pass to the purchaser ot grantee. 4. To the extent of the indebtedness of the Mortgagor to the Mortgagee described herein or secured hereby, the Alottgagee is hereby subrogated to the lien or tiens and ta the rights ot ihe owners and holders thereof of each and every mortgage, I~en or other incumbrance on the land desctibed he~ein which is paid and!or satisfied, in whole or in part, out ot the proceeds of the loan described herein ot secuted hereby. and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each ot them hereby is pteserved and shall pass to and be held by the Mortgagee herein as security for the indebtedness to the Mortgagee herein described or hereby secured, ta the same extent that it would have been preserved and would have been Passed to and been held by the !1lartgagee had it been duly and regularly assigned. transferred. set ovet, and deliveted 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 ~nteation of the patties hereto that the same will be satisfied and cancelled of record by the holders thereof at or about the time of the recording of this mottgage. 5. In the event the ownership of the mortgaged premises, or any part thereof, becomes vested i~ a person other than the Nortgagor. the 1~tortgagee may, without notice to the Moctgagor. deal with such successor ot suc- cessors in interest with tefetence to this deed and the debt hereby secured, i~ the same manner as with the Mort- gasor without in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the Mortaagee~ and no ex- tension oi the time for the payment of the debt hereby secnred given by the Mortgagee shall operate to release~ discharge~ modify. change or affect the original liability of the Mortgagot 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 ronewal o[ extension thereof or substitute there- ! for, or otherwise, until all such indebtedness shall have been fully paid. ' 7. !n ~he evenl ~he-mo~lgagors sell, convey or transjer the mortgaged pre~nises during the lije oj this inor[- i I gage. ~hen this morrgage shu11, ot the option oJ the bfortgagee herein, beconie immediately due and payo6le jor the ~ Jull swn of the principal bolance and interest then due. - ; 8. The tenns "Mortgaaor" and "Mortgagee" whenever used in this instrument shall include the heirs, ~ personal representativ~~, successors and assigns of the respective parties hereto. Wherever used the singular number shall include the plural and the plural the singular. aed the use of any gender shall include all genders. I _ ~ S~ ned, seale and del' er in ' ~ presence of: ~ ' • (SeaD ~ vk.~.~ -G~Se~a~''~ ! /7. ,~G,v STATE OF FLORIDA ~ ~ COUNTY OF~K ( ss ~ ST LUCIE ~ WARREN P. HIGGINBOTHAM~and YV~NNE B. HIGGINBOTHAM, ~ Be~ore me petsonally appeared j113 wife, to me well known and known to me to be the individuals described in and who executed the foregoing instrumont. G and acknowledged before me that they ezecuted the same for the purposes there~n expressed. WITNESS my hand i and off~cial sea! in the County and State last aforesaid thi 7ttl DS~I of August, 1975 _.;.y., ~ ,~,~U.u~~~..,, -r.^, s : r";: t L~t f ~ !~l ~ ~ G : Ci = - v" 3, ~ ~d i ~ ~ ~ . ~ ~ - ~ ~ ' ~ Q ~ ~ ~1y Commission Expires: _ Jutle 30, 1979 ~Iotary Public, State of F O Q~ ~ . ~ - k~~~R EQ '•Z : J , ~•p t ' ~ F~~E~~;f ~p1lNR~~LA• ~ '~,y~ Q..••'4 ~c',:_ ~ S~~ ~e~"=~ couat ~~Q 3 d'T,~TE,o ~ tI.E~X. Cti'• u, ~ ~ 9 ~~~2 2~ ~ a~.:. ~3eM,~5 sa~K ~.~4 c p~ ~5 ~ ~ _ -si.. x ~ - ~ ~ : _ ~ ~ s . ~ s