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Home My WebLink About0828 • r , 'Our file 5-33,446 Ih~r mw~~a~e .w o~ha lneste~ ot u11e w Ih~ mon~a~ed poperty ~e e~ue~wahmen~ o~ lhe ~nde~~tdness stcurcA hcreey, ~~~At, t~Ne se~d ~etere~l o( tht Mwi~a{a snd to ~ny ?nsw~nce polic~es ti~en ~e face sAall psss 1o Ihe putcA~se~ w~an~ee. (h1 To per(orm, cwnply ,r~th sed sD~Oe by e~ch and every tAe a~~pul~~~ons, ~~~eeiaents, cond~uons and covenams ~o s.~d prwa~sswy eo~e snd ~e ihis deed sei (atA. 1 TRst any of aa~d sua.c ot nwney here~e re(e~red to be eot ptanp~lY and (ully psid ~r~~A~n f~t~een Qsys nea~ al~sr tht saa+e sever~lly becomea due ~nd p~yable,or if e~ch aod every the s~,pufae~oas, a~reements, coed~l~ons and corenan~s of said pos?f. sory eote aad ~Ais deed, a euhe~, aro oot ~u11Y pe~tawed. co~plwd ~r~tA and ~E1ded Oy~ ~he ss~d a~~e~s~e sus amnuooed in sa~d praa~ssory note sAall becooe due and psyable (atAW~tA ot iAereatter •t tAe option o[ tAe Mat~~~ee as futly and completelr ss ~f the s~id a~~retate aue~ of sa~d pran~asory note w~s ot~r~e~Ny at~pulated to be psid on such d~y. anytA~n~ ~n s~~d praa~ssay no~e a Aere~n to the contrary notw~~hstand~nR. 1 TAat m order lo scceler~te t~c matur~ty ot ~he indeptedness Aerepy secwed, because o( the ta~lure of ~he M«t~a~or ~o psy ~ny ua, assessment, I~sb~litY. obl~~~t?on c+~ encumbrsnce upoe a~~d property, as here~n prov~ded. u shal) oot be necesc~ry a rtau~sitt lhai ~he ~t~a~ee shall f~rs~ pay tAe sse~e, 2. The Rlortgagee may, at his opt~on. and without waiving his right to acceletate the indebtedness hereby secured and to foreclose the same, pay either befote ot after delinquency any or all of those cettain obliaations required by the terms hereoi to be peid by the Mortgagor for the proteetio~ of the mc~ttgage security ot for the col- Iection of the indebtedness heteby secured. Afl sums so advanced or paid by the Mortgagee shall be char~ed into the mortgage account and become an integrai part thereaf. subjec~ in sll respects to the terms, conditions, and covenants o[ the afcNesaid promissory ~ote. and lhis mortgage. as fully and to the same extcnt as thoush a patt of the orieinal indebtedness evidenced by said note and secured by this mortgage, excepting however. that said sums shall be tepaid the Mottgagee forthwith upon its demand and be in addition to the regular monthly install- ments provided by the mortgage note. 3. That the abstract or absuacts of titie coverina the mottgaged property shall at all times, durina the life of this mortgage, temain in possessioa of the Mottgagee and in event of the foreclosure of this mortgaae or other transkr ot title to the mortgaged ptoperty in extinauishment o! the indebtedness secured hereby, all ri6ht, title and interest of the Murtgasor in and to any such abstracts of title shall pass to the purchaser or arantee. 4. To the extent of the indebtedness of the Mort`asor to the Mort6asee described herein ot secnred hereby. the Mortgagee is hereby subro6ated to the lien or liens and to the rights ot the owners and holders thereof ot eich and every mortgage, lien or other incumbrance on the land described herein whieh is paid and; ot satistied. in whote or in part, out ot t6e proceeds of 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 of them hereby is preserved and shall pass to and be held by the Mortgagee herein as secutity for the indebtedness to the Mortgagee hetein desctibed or hereby secured, to the same extent that it would have been preserved and would have been passed to and been heid by the tilo~tgagee had it been duly and regularly assigned. transferred. set over. snd delivered unto the Mort- gagee by separate deed of assignment. notwithstanding the fact that the same may be satisfied and canetlled of record, it be~ng the inteation of the parties hereto that the same wiil be satisfied and cancelled of cecotd by the holdets thereof at or about the time of the recordin6 of this mortgage. S. In the event the ownership of the mortga6ed pre~nises. or any part thereof. becomes vested in a person other than the Mortga~or, the ~lortgagee may, without notice to the Morttaaor~ deal with such successor or suc- cessors in interest with reference to this deed and the debt hereby secured, in the same maaner as wiih the Mort- gagor without in any way vitiating or dischargina the Mortgagor's lisbility heceunder or upon the debt hereby securtd. Na sale of the premises hereby mortgaged and no forbearance on the part of the Mortsasee, and no ex- tension of the time for the payment of the debt hereby secured 6iven by the Mortgagee ehall operate to release, dischar6e. modify, change or affect the original liability of the Mortgagot herain either in whole ot in part. 6. The lien ot this deed secures and shafl continue to secure payment of said indebtedness ot indebted- ness, however evidenced, whethe~ by said promissory note or any tenews! or eatensian thereof or substitute there- for. or otherwise, until all such indebtedness shall have been fulty paid. 7. /rt the event the mortgagors sell, convey or t?ansJe~ the niortgaged premises during the lije oj this nrort- ~ goge, then this morfgoge shafl, at the option oJ tbt Afor~gag~e herein. 6econie inunediately due and pay4ble jor the jull swn oj the principal balance and interest tl~en due. 8. The temns "Mortga6or" and "Mortgagee" whenever used in this insttument shall includt the heirs. persona) repiesentativ~~, successors and assigns of the respective pazties hereto. Wherever used the singular number shall include the plural and the plural the singulat. and the use of any gendCr shalt include all g~nders. , ~ Si ed, seale n eliv ed in presence o!: ~~a~~ r ~ R- ~Seal) ~ . ; ~....,z.~ ~ ~ - '1-,~. . < < i • / - ~ - ` ~ f~a_~r ~1/~ ; ; (seal) STATE OF FLORIDA ~ COUNTY OF~ ~ ss ST.LUCIE EDWARD HILL and OLLIE RUTH HILL, his wife, also 8efore me personatly appeared ELSIE MAE HILL, an unm,arried woman, to me well known and known to me to be the individuals described in and who execnted the foregoing instrument. and acknowledged before me that they executed the same for the purposes therein eapressed. WITNESS my hand and official sea! in the County and State last aforesaid this jlt~l DSy of Oetobe 975 ~ . ~ ; ~ . tily Comm~ssion Expires: June 30, I979 Notary Public. St~~ Ib 7RI8~=~. t r EO ~ u~ ~ r-' ~ y ~d. o F«Elti r~~. ~E~SY F ~ ° . :o~ T Lu~•.. C ~AS -'a i S ~~,f."_t ~ C~,,~t ~~~,f ~Q~ - 8 C (C:~e,~_ ~ ClE'~•`• t ~ ~ ~7 . ~ . Q;rc~'. '~t~ e~~~1C~ '~(r, ~,~a , OCj ~ ~ ~ ~ 8~~x 245 ~~E ~~3 - _ sy. : , ~ ~ _