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Home My WebLink About0292 ~ ~ ' ' ~ . E i Our file 5-33,031 ' th~s mor~~a=e u~ othri twnsfei ol u~le w ~he mwt~a~ed property m ea~~n~uuAmen~ ot ~Ae ~ndebtedness aecured he~cby, rll n`M, ~ule ~ and ~n~e~est uf tAe Ala~~s~w ~n a~+d ~o any ~nsur~nce policies ~Aee in force shall ptss to tAe purchase~ «~~a~tee. (A) To per(an+, cumplY +~~t~ snd ab~de by each ~nd every U~e sl~pul~t~ons, s~ree~aenis. caM~UOns and covensms ~e s~~d p~waicso~y note sod in iA~~ deed ~e~ (ortA. ) Tl?a~ d sny of as~d sums o( nwe~ey Aere~n roferred to be not praeptly and (ully pa~d ~uh~n h(teen Qsys ntil a(ter the same severslly secomes due ~nd psyable,or if eacA and every ~he st~pul~t~oes, a~reeaents, condu~ons and covenants of sa~d praa~s- say note and tAis deed, or e~ther, ue not fully perfo~wed. cosplied ~rith aad ab~ded by, the ~a~d sKre~s~e swa e~enuoned m ss~d proia~ssay note sAall becaae due and psYable fatA~r~U~ a tAe~e~(ter ~t tAe op~ion of tAe Morlsa~ee as fully and con+pletely as ~f ~he s~~d a~~epte sum ot sad pranissay oote rras on~m~lly supul~ted Io Se paid on suth d~y. anythm~ ~n s~~d ptom?ssoty eote or here~n to Ihe contruy notw~thslsedm~. . ) That ~n order ~o accele~ate the mawnty ot the indebtedness kereby aecured, because ot tRe ta~lure of ~Ae \Iwtp~o~ to psy sny tia, assessiaem, I~ab~l~ly, obli~auon cv encwnbrance upon ss~d praperty, as herem provided. u shs!! not be necessary w reQu~site ihat the morip~ee shall fust pay ~Ae same. 2. The `tortgagee may. at his option, and without waivina his right to accelerate the indebtedness hereby secured and tu forecl~sa the same, pay eithet befote ot a[tet deiinqnency any or alt of thase certsin obiigations reqs:ired hy the terms hereot t~ !+e paid by the Mort~ta~tor for the protection of the mc~rtBa~te securitv o~ for the cal- _ lection of the indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be chatsed i~to the mortgage account anJ become an integral part thereof. subject in all respects to the terms. conditions. and covenants of the aforesaid promissory note, and this mortgage, as fuUy and to the same extent as thouah a part of tho ori6inal indebtedness evid~ nced by said note and secured by this mortgage, excepting however. that said sums shall be repaid the Mortgagee forthwith upon its demand ar~d be in addition to the regulat monthly install- ments provided by the mortgage note. 3. That the abstract or abstracts of title coverin~ the mortgaged pmperty shall at all times, during the life of this mortgage, remain in possession of the Mottga6ee and in event ot the foreclosure of t6is mortga~e or other trans[er of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all ri~ht. title and interest of the Mortgagor in and to any such abstracts of title shall pass to the purchaser or grantee. 4. To the extent of the indebtedness ot the Mortaagor to the Mortaasee described herein or secured hereby, the ~lortgagee is hereby subrogated to the lien or liens and to tht rights of ~he owners and holders thereof ot each and every mortgage, lien or other incumbrance on the land described herein which is paid and!or satisCed, in whole or in part, out of the praceeds of the loan described herein or sec~ued hereby, and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each of them heteby is presetved and sh~if! pass to and be held by the Mortgagee herein as security for the indebtedness to the Mortgagee herein described or hereby secured, to the samc extent that it wouid have been preserved and would have been passed to and been held by the !1lartgagee had it been duly and regularly assigned, transferted, set over. and delivered unto the Mort- gagee by separato deed of assignment, notwithstanding the fact that the same may be satisfitd and cancelled of record, it being the intention of the puties hereto that the same will be satisfied and cancelled of [ecad by the ~ia~iuciS iiic7c'vi aa vi awui u~8 Qi~Tif ~i i~C iZw~uii~s vi iiiiS ~TiaiQi6oa~,. S. In the event the ownership of the mortgaged premises, oc any part thereof. becomes vested in a person other than the !1~lortgagor. the Nortgagee may, without notice to the Mortgagor, desl with such successor or suc- cessors in interest with reference to this deed and the debt hereby secured, in the sam~ manner as with the Mort- gagor without in any way vitiating or dischargina the Mortgasot's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no [orbearance on the patt of the Mortgagee. and no ex- tension of the time for the payment of the debt hereby secured given by t6e Mort6agee shall operate to release, discharge, modi[y, change ot affect the orisinal liability of the Mortga6or herein either in -whole or in part. 6. The lien of this deed secures and shall continue to secwe payment o[ said indebtedness or indebted- ness. however evidenced. whether by said ptomissory note or any renewal a extension ther~of or substitute there- for. or otherwise. until all such indebtedness shall have been fully paid. 7. /n the event ~he rnortgagors selt, convey or t~ansjer the mortgeged premises during the liJe oj this ino~~- I goge, rhen ~his mortgogt shal/, at the option oj the Mortgagee herein, 6econie immediotety due nnd payable for the ! jul! swn of the principal 6alance and iaterest then due. i j 8. The terms "!Nortgagoc" and "Mortgagee" whenever used in this instrument shall include the heirs. ~ personal representativ~s, successors and assigns of the respective puties hereto. Wherever uscd the sin6ular ~ number shall include the plural and the plural the singular. and the use of any gender shatl include all genders. ~ ~ ~ ~ Sign d. seale d eliv d~ the presence o[: a~) ~ ~ /Seal) ~ ~7• - ~ ~ STATE OF FLORIDA ~ ~ COUNTY OF aAQ~ j ss ~ ST.LUCIE ~ ~ Before me personally appeared ,EMpRY N. ~t1~~lS ~ 8ri unmarried m8II~ to me well known and known to me to be the individuals desctibed in and who executed the foregoing instrument. ~ ~ and acknowledged before me that they executed the same [or the purposes thercin expressed. WITNESS my hand ~ and official seal in the County and State last aforesaid this Z~Ftl'1 D8y Of Augtl3t, 1975 ; ~ ~ - . € ~ ~ = . ~ . • . ~ My Commission Expires: Jutle 30, 1979 Notary Pobli~;~t~~ ~~.4rid 8t ge ~ ; ' - :-~~y = ~ _ ~ ' • °.~,v • _ ~ FIl~O ~~CORDEO • - ~ :A , : i~UNTY flA• < ~,~~'~~f~,~ _ : ~ 4i~~ . . ~ S7 ,1 ~ :T F. AS ~ C.~ ~V ~ C F f ~ ~!1 COURT . 4~ . ` ~ t ~~i ~ ~'J A s fG',= ` ~ ~ a _ M ~75 ~ . . ..~~~t?~~~. ~ _ r 26 3 59 P o~~. ~~~~2~ _ - _ ~ x : =4~ ~ ,~.s_ _ . . : - ~ ~ _