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Home My WebLink About0291 ~ . , ~ . Our file 5-33,156 th~s mw~pRe w other trsnsfe~ ot u~le w ~he mo~t~a~ed poper~y ~n eaun~u~shmem W the ~ndebteJnt+~ .c~u~cd hcre~~, ~It ~~rh~, u~ic anA ~me~ex~ u( ~he Mor~~a{~ ~n .nd to any ~nswaece pol~c~es ~hen ~n (ace shall pass 10 ~Ae pwcAaac~ or ~r~niee. (A1 To peitam, .um~lY W~th snd ae~de by eacA •nd eve~y the sl~pulaUOns, a~reements, coed~uon. and coven~n~s ie ~~~d prum~caory no~t and ~n ~h~, deed .e~ foriA. ) That d any of sa~d sumx ut nwoey here~n reterred to be no1 p~anptlY ~ully p~~d r ~Ih~n (~heen Qays ee~1 a(ter the ssme seYe~ally becanes due and psyable,a~ ~f eacA aed every tAe st~pulat~ons. atreements, con.l~l~ons and covcn~nts o( .a~d pro~~s- say note and th~s dced, or 'eahe~, aro nol fully pertonaed, compi~ed W~tA and sb~ded by, ~he +a~d a«re~s~e swa menuoned m ss~d pan~ssay note shall become due snd psY+sle taU+W~th or tAeres(ter at tAe opt~on ot tAe Mattaiee as tully and comple~ely aa ~f ~Ae s~~d a«e~s~e swa o( sa~d pom~~ccay oote ras o~~~~nslly st~pui~ted to he pa~d on sucA dry, any~A~n~ m s~~d pramssory eote or Aere~n to tAe contrsry not~uAs~andm~. 1 Tha~ m order to accelerste ~he matunty of the mdebtedness hereDy secwed, because ol the (a~lure of tAe Mo~~~a~w ~o psy any uR, assecsmen~, lus~l~ty, obl~puon M rn.umbrance upon s~~d prope~ty, as Aerem prov~ded, u sAali no~ be neces~ary a reQu~s~u that the morija~ce shail fust pay the same. 2. The ~lortgagee may, at his option. and without waiv~ng his nght to accelerate the indebtedness hereby secured and to foreclose the same, pay either before or after detinquency any or ail of those certain obligations required by the terms hereof to be paid by the Mottgaaor far the ptotection of the mc~rtgage security ot for the col- lectian of thz indebtedness hereby secured. Ail sums so advanced ot paid,by the !11c~rtgagee shall be charged into the mortgage account anJ become an integral part theteot, subject in all cespects to the terms, co~ditions, and covenants of the aforesaid promisso~y note, and this mottgage, as fully and to the same extent as though a part af the original indcbtedness evidenced by said note and secuted by this mortgage. excepting however. that said sums shall be repaid the Alartgagee forthwith upon its demand and be in addition to the regulat monthly install- ments provided by the mortgage note. 3. That the abstract or abstracts of title coverina the mottgaged property shail at all times. during the life of this mortgage, remain in possession of the Alottgagee and in event of the foreclosure of this mortgase or other transfer of title to the mortgaged property in extinguishment of the indebiedness secured hereby. all ci6ht. title ana ~nterest oi tnc ~iungagur ~n anu io anr aucn ao~i~o~i~ ui iiiic anaii N:~~ a~ Nu:~:'.ps~: s~Y~{\MM. - 4. To the extent af the indebtedness of the Moctgagot to the Mortgagee described herein or secured heteby. the ~lortgagee is hereb~ subrogated to the lien or liens and to the rights ot the ownets and holders thereof of each and every mortgage, lien or othet incumbtance on the land described herein which is paid and!or satis[ied~ in whole or in part, out o( the proceeds of the loan described herein or secured heteby, aad the respective liens of said mortgages, liens or other incumbra~ces, shall be and the same and oach of them hereby is preserved and shall pass to and be held by the Mortgagee herein as secutity for the indebtedness to the Mortgagee herein described or hqreby 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. transfened, 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 of record by the holders thereo[ at or about the time of the recordin6 ot this mortgage. 5. !n ihe event the ownership of the mort6aged pre~nises. or any part thereof. becomes vested in a person other than the 4lortgagor. the \lortgagee may, without notice to the Mortgagor. deal with such successot or suc- cessors in interest Mith reference to this deed and the debt hereby secured. in the same manner as with the Mort- ga6or without in _any way vitiating ot discharging the Mortsagot's l~ability hereunder ot upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbeacance on the part of the Mortgagee. and no ex- tension of the time for the payment of the debt heteby secured given by the Mortgagee shall operate to release, discharge, modify, change or affect the original liability of the Mortgagor herein either in whole or in part. 6. The I~en of this deed secures and shall continue to secure payment oi said indebtedness or indebted- ness. however evidenced, whether by said promissory note or any renewal or extension thereof or substitute there- ' for, or othecwise. untii all such indebtedness shall have been fully paid. i 7. /n the event the mor~gagors sell, convey or traresjer the mor~goged prernises during the lije oj this mort- ! gaRe, then rhis mortgage shell. a~ the op~ion oj the Alortgagee herein, become inunedielely due and payable jor rhe ~ Jutl sum oJ ~he principal balance and interest then due. ~ 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs. ~ personal representativ~~, successors and assigns of the resRective parties hereto. Wherever used the singular number shall include the plural and the plutal the singular, and the use of any gender shall include all genders. ~ ~ Si ed, sea a I ere n th r ~ (Seal) P - FltEfi~ ;.4•_ ~f ~ AG~~ .,c C:';iJM~Y / ~Seal) yj'J. ~ r.t~'. CQURT ~ . R~,.;; , ',~'r. ~ STATE OF FLORIDA ~ SS S~' IO COUNTY OF ~IpIK f " 31 `61~ ~ St. Lucie Be[ore me personally appeared DECIL CO'I'TON, an unmarried WOtriBII. ~ to me well known and 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 l8th DSy of Se tember, Zg~~ ~ ~ . ~ ~ ~ . ~ s ~ - - a f . - . : ~ a : ~ ~ty Commission Expires: June 3O, 1979 Notary Public. State of Flori " _ . _ _'L: j'.~ ; " o- ~ • , ~ . •.,'M'•• Q•''~E ~ . '~~~ii~~~IrlvlF~~~, . ~ goo~ 244 PAGE 291 ~ - ~ ~ ~ . . . - ~