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HomeMy WebLinkAbout0687 Our file 5-33,291 tA~~ mon~a~c w otAer uansfrr o( ulle w ~he mori~a~ed poper~Y m eaunYwshmcnl u~ tAe ~ndeb~ednesa .e.u~cd Ae~en~, ,.11 ~~~h~, ~~~le and interes~ of ~he Nwi~a~w ~n and ~o any ~nsutsnce polic~es ~Aen ~n tace shall pass lo ~he purcAsscr or ~ran~ee. (A) To perf~vm, cun+ply Wuh snd ab~dt by escA a~d every tAe supulaaons, s~reements, cond~uons and coven~ms ~n sa~d prwmcswy no~e and ~n U~~. deed se~ fortA. 1 TAa1 ~f anY ot aaid sums ot nroney here~n refetred to be nol proesp~ly aod (ully p~id ~~~A~n f~(leen Qays neat s(~si the same se~erally becaaes due aed payable,or ~f eacA and every the st~pul~t~ons, a~reements, cond~~~ons and covenants ot s~~d pos~~s• say nolt and th~s decd, or e~ther, are not (ully per(ora~ed, coepl~ed vr~tA and as~ded by, ~he•~a~d s«re~ate sue menuoned ~e sa~d pramssaY ~u1e shall become due sed payable (athwith or thereafter ai the ophon ot tAe Nat~a~te as (ully and completely as ~f tAc sa~d a~rre~~te sum o( ss~d p~«mscory note ~r~s a~~ma11Y sUpulated to be pa~d m such diY, sny~h~n~ m s~~d praa~sao~y nott w Asre~n to the contrary not~ruAsundinE. 1 Tha~ ~n order ~o accelera~e the ma~un~y of the indebtedness hereby secured, ~ecause ut ~Ae (a~ture o( tAe Mo~t~s~a to pay any tai, assecsment, I~aD~li~y, obl~~at~on or encumbrance upon s~~d prope~ty, as here~n prov~ded, ~~~shall not De eecescary a repu~s~te ~hat tAt mortsa`ee shall fuct pay the ssme. 2. The ~lortgagee may, at his option, and without waiving his right to accelerate the indebtedness heteby serured and to foreclosc the same, pay either before or after delinquency any ar all of those cettain obligations required by the terms hereof to be paid by the Mortgagot for the protection of the mc~rtgage security or for the col- lection of the indebtedness hereby sccuced. All sums so advanced or paid by the Mortgagee shall be chatged into the mortgage account anJ become an integral patt theteo[, subject in all tespects to the terms, conditions. and covenants of the aioresaid promissory note. and this mortgage. as fully and to the same extent as thoudh a part of the ocieinal iadebtcdness evidenced by said note and secured by this mort~age, excepting howevet. that said sums shall !+e repaid the !Uortgagee forthwith upon its demand and be in addition to the regular monthly install- ments provided by the mortgage note. . 3. That the abstract or abstracts ot~title covering the mottgaged property shall at all times. durin~ the life of this mortgage, remain in possession of the Alortgagee and in event of th~ foreclosure of this mortgase ot other ~ transfer of title ta the mortgaged propetty in extinguishment of the indebtedness secured hereby. all risht. title and intertst of the ~lortgagor in and to any such abstracts of title sh~11 pass to the purchaser or gr:ntee. 4. To the extent of the indebtedness of the Mottgaaot to the Mortgagee described herein or secured hereby, the Alortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each and every mortgage, lien or othet incumbrance on the land described herein which is paid and!or satisCed, in _ whole or in part, out of the proceeds ot 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 ot them hereby is preserved and shall pass to and be held by the Mortgagee herein as security foc 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 !1lortgagee had it been duly and regulariy assigned. tra~aferred, set over, and delivered unto the Mort- gagee by separate deed of assignment. notwithstanding the fact that the same may be satis[ied 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 thereof at or about the time of the recordins of this mortgage. 5. In the event the ownership of the mortgaged premises, or any part theteof. becomes vesied in a person other than the !~lortgaaor, the Nottgagee may, without notice to the Mortgaaor, deal with such successot or suc- cessors in interest w~ith reference to this deed and the debt hereby secured. in the same manner as with the Mort- gagor without in any way vitiating or discharging the Mortgasor's lisbility hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no fotbearance on the part of the Mortgagee, and no ex- tension of the time fbr the payment of the debt heteby secured 6iven by the Mortga6ee shall operate to release. discharse. modify, change or affect the ori~inal liability of the Mortgagor herein either in whole or in part. 6. The lien of this deed secures and shall continue to secwe payment o[ said ind~btedness or indebted- ness. however eridenced. whether by said promissory note ot any renewal ot extension thereof or substitute there- ; for. or otherwise, uatil all such indebtedness shall have been fully paid. ~ 7. !n ~he event the mo?tgago~s sell, convey or transJer the rriortgaged preinises during the liJe oj this inort- gage, then this n~ortg4ge shall, nt rhe option oJ tht Afo~tgagee herein, 6ecome inunediately due nnd payable Jor !he i Jult swn oj the principal balance and interest ~hen due. 8. The terms "Mottgaaor" and "Mortgagee" whenever used in this instrument shall include the heirs. personal representativ~s, successors and assigns ot the iespective parties hereto. Wherever used the singular number shall include the plural and the plural the singular. and the use of any gender shall include all genders. ' ; Si ed, seal and liv ed in e presence of: (~a~) , ~ ~Se al) STATE OF FLORIDA ~ COUNTY OF ~X~Lx j ss ST.LUCIE ~ Before me personally appeared IV~RY TYLER and ESTHER LOUISE TYLER, his wife~ to me well know~n and known to me to be the individuals described in and who executed the foresoing insttument, and acknowledged before me that they executed the same for the purposes there~n eapressed. WITNESS my hand and official seal in the County and State last afotesaid this 18th Day of Se tember, 19~5 . 31'7884 . . . . June 30 1979 " ~ ~1y Commission Expires: ~ Notary Public~~SQtr~i ~1' 3:~ rid8 3t L8r @ ?~ILE~ A''r ~'E~:9k0ED rn ~ = 5T. lUC{t .4~1hTY fL~, ~ o ~r' - F.+: : ~ ,~1r~$ :A = C:_i ;i~ .'JtT COUM ~ ~ G . ~~r-, y:.:.rtEO,~....~.... . ~ r, - ~P 1~ ~ 321 H'~J o~ $00~~~ ~ . ~ / ~ ' ~ - _ . , r , _ ~ - . , ~,z:~... . .