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Home My WebLink About0980 Y . . Our file 5-33,k68 ~ ~Ais a~wt~s{e ur o~Aer trans(e~ ot uUe w ~he a~ott~~~cd popetly ~a eRUnauuhmem o~ ~he ~ndtA~t~ness ~.ecwrd AcreOy, ~U n=At, u~le : and ~n~eres~ of Ihe Mw~~s~w ~n and to any ~nsw~nce pol~c~es ihea io force aAall pass to ihe purcA~se~ or ~ramee. ~ lh) To pe~fr+.in. ~wnpiy ~r~tA and ab~de sy tacA aad evuy tAe sl~pulst~oas. ~~teta~eab. coad~uons an8 coven~n~a ~n s~~d p?we~sswy ootc sod in ih~s deed aet (ath. Q) TAa~ d~ny of s~id auma of esoney here~n uferted to be nol ~ospily and (u11Y Os~d anA~n fdteen Qsys neat atter the same sererally becanes due aed oaysble,or if e~cA and every thc supulauons, s~reements, cond~t~ons aed coveo~nts o~ sud ptosss• aay notc and ~his deed, or euAer, ~re not •/ully pertorwed. coa~pl~ed ~r~ih snd sbided by~ fhe ~aid sKre~ate suw a~enuoned m ss~d prom~sso~y note shsli beeoae due ~~a p,r.e~e faM~~tA or ehue~tie~ the op~ion ot lAe Mwtss{ee as tully sod cospielcly as ~f tht s~~d ~~~c~s~e suw of s~~d pom~FSwy aote ~~s or~~~nally s~~pulateA to se pa~d on sucA d~y, anyth~n~ u~ s~~d oran~ssay note or Ae~e~n to Ihc conuuy not~rilhsls~d~ns. V 1 Tha~ ~n order ~o accelers~e ~Ae matunty of tAe iedebtedness Aerebr secured, Aecause o( the (a~lure o( tAe Morisa~« ~o pay sny ~aa, sssessme~t, I~aAility, oblisat~on ~r encumbrance upon sa~d propetty, as hete~n provided. ~I shall not be necescary a reau~s~te th~~ the mw~~s{ce shaU t~rst psy the saa~e. The hlortgagee may, at his option. and without waivilfg his tight to accelerate the indebtedness hereby secuced and to foreclose the same, pay either before ot aftec deli~quency any oi all of those certain obliaations required by the terms hereof to be paid by the Mortga~or far the protection of the mc~rtga~e secucity or for the col- Iection af the indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be cha~aed into the mortgage account anJ l+ecome an inte6tal part thereof. subject in all respects to the terms. conditions. and . covenants of the aforesaid promissoty note. and this mortgage, as (ully and to the same extent as thou~h a part of the oriainal indebtedness evidenced by said note and secured by thia mort~age, excepting howevet. ihat said ~ sums shall be repaid the Atortgagee fotthwith upon its demand and be in addition to the regulat monthly install- ments provided by the mottEgge note. . 3. That the abstract or abstracts of title coverins the mort~aaed property shall at all times. durin~ the life of this mortgage, remain in possession of the Alortgagee and in event of the foteclosute of this mortgaat or other trans[er of title to the mortgaged property in extinauishmeot ot the indebtedness secured hereby, all ri~ht. title and interest o~ the Mortgagor in and to any such abstracts of title shall pass to the purchaser or grantee. 4. To the extent of the indebtedness of the Mort`a6or to'the Mortaa`ee described herein or secared hereby. the Mortgagee is hereby subroEated to the lien ot liens and to the ri~hts of the owners and holders thereof of each and every mortgage, lien or other incumbrance on the Iand deacribed herein which is paid and!or satisCed, in whole or in part, out of the proceeds of the loan described herein ot secured heceby, and the respective liena of said morteages, liens or other incombrances, shall be arid the same and each oi them hereby is preserved and siiall pass to and be held by the Mortgagee herein as security fot the indebtedness to the Mottgagee herein described or hereby secured, to the same extent that it would have been preserved and would have been passed to and tieen held by the A~ortgagee had it been duly and regular)y assigned. uansfened, set over. u~d delivered unto the W~a~rt- gagee by separate deed of assignment. notwithstandin6 the fact that the same may be satisfied and cancelled bf record. it being the intention of the patties hereto that the same will be satisCed and ca~celled of record by the holders thereof at or about the time o[ the recordina o[ this mortgase. S. In the event the ownership of the mortaased prefnises. or any part thereof, becomes vested in a person other tha~ the !Nortgaaor. the Nortga=ee may. without notice to the Mortgaaoc. deal with such successor or suc- cessors in interest with reference to this deed and the debt hereby secured. in the same manner as with the Mort- gasor without in any way vitiating or dischsrging the Mortgagor's liability hereunder ot upon the debt hereby secured. No sale of the premises hereby mortgaged and ~o fabeuance on the patt of the Mortgadee. and no ex- te~sion of the time for the payment o[ the debt hereby secured given by the Monsagee shall operate to release. discharae. modify. change or atfect the ori~inal liability of the Mortgasor herein either in whole or in part. 6. The lien of this deed secures and shall continue to secute payment o[ said indebtedness or indebted- ness. however evidenced, whether by said promissory note ot any tenewal or extension thereof or substitute there- for, or otherwise. until all such indebtedness shall have been fully paid. 7. In the event the nrortgagors sell, convey or transjer ~he mortgaged premises during tht lije oj this mort- gage, then this mortgage shaU. at the option oj the Mor~gagee hereen. become i?nmedietely,due and paya6/e jor the i Jull sum of the principal balance and interest then due. 8. The terms "Mort~aaot" and "Mortgagee" whenever used i~ this instrument shall include the heirs~ personal representativa~, successors and assigns o[ the respective parties her~to. Wherever used the singular number shall include the plural and the plural the singulat. ar~d the use ot any gender shall include all genders. Si n d sea a ~ ~ e, d ~veted ~ e presence of: (SeaD ~ ~Seap " STATE OF FLORIDA ~ COUNTY OF ~K j ss ST.LUCIE ~ Before me personally appeared JAMES SISRO I~ORICE Snd IDA MAE I~RICE~ his wife~ to me well known and known to me to be the individuals described in and who executed the fore6oing instrument. . and acknowledged before me that they eaecuted the same for the purposes there~n expressed. WITNESS my hand a~d official seal in the County and State last aforesaid this 9th Day of Oetober, 1975 , . : , ; Ny Commission Expires: JuII@ 3O, 1979 Notary Public, S~~~ 0~1~1l~' At L a~EO ~ _ : ft~. --s ~ ~ •O ` = f1L~~' > . rio~c:.s • v . gt.~'~,;; - . , Z.~ Gr ~ , t ; . o v ~ . . ~,.<< . f O ~~C,~~A p~.,~` ,L 35 3~a3 • . , ,.,.r, 3y BO~K 24~ F,1GE 975 , ~ - r 4,_ . . . - _ _ _ - _ _ - - - - - ~ - ~ 'y~ ~4 ~ 1-'" - " ~ . rg'~ ,~r'~`~ ,F ~ ~K ~ ~ .j~~-`$~C~ , . x' J`T _