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Home My WebLink About0887 . ~ . ~ ~ ~ ~ Our file 5-34, ~.65 th~s mor~~a~e ur uehr~ tpnstt~ of IiUe tu thc 1pOtlj~jtd pfOptlly'1A eahnswabn?en1 u1 ~~e ~ndebtednes:. atcu~cd herc~y, •U n~h1, u~It snd ~mere~l of 1Ae Mu~~~a{w ~n ynd to aey ~nswance polic~es then in torte shall pass to the purchsser or ~rsn~te. (A) To perfexm, cumply w~th snd ab~dt by qch a~d evety the ~upulauons, apcemeets, cond~hoos and covenams ~n sa~d prwa~sswy nole and ie th~a deed set [wtA. • 1 Ths~ ~f aey ot sa~d swas o( a~a+ey he~e~n ~efer~ed ?o Ae not promptiy and folly ps~d W~tA~n fefieen days nea~ sUtr ' the saioe severs!!y becomes due aed payaAle,o~ if eacA and erety tAe st~pul~t~ons, ssreen~enis, cotid,uons se~d coren~nts of so~d praa~s-- say no~e and th~s decd, or euher, are not tully per(wee0~ coaiphed w~th and ablded by, ~he ~s~d a«rc~ate sum menUOeed ~a said promissaY note sAall become due and payable iorthw~tA or +Ae~eatler ~ht ophoa ot tAc A~w~~aaee ss (ully and co~eple~ely as ~f tAe sac~ a~sresate sua? o( sud pomixcory note ~~s on~lnally supul~~ed to be ps~d oe such d~y~ aeyth~o~ ~n s~~0 pom~ssorY note a Aere~a ~ to tAe contrary not+~ithstand~eR. 1 Thas in cKder ~o acctlerste ~he maiun~y of the indebtedeess Aeteby secured, because of the fs~lure of the Ma~t+ta ~a WY.aay ~aa, ~ assessment, I~asiG~y, ob)iaa~im or encumQcance upon s~~d proper~y, ss hercm p~ov~ded, shall not be necescary or rtqu~s~u thst the ~ mott~a~ee shall hrst psy the same. i 2. The Alottgagee may, at his aption. and without waiving his tight to accelerate the indebtedness hereby ` secured and to foreclose the same, pay either before ot after delinquenc} any or all of thost certain obligations ~ required by the terms hettot to be paid by the Nortgagor for the pcotection of the mcirtgage secutity or fot the col• ~ tection of the indabtedness he~eby securrd. All sums so advanced ot paid by the Mortgagee shall be charged inlo ~ the mortgage account anJ become an integral part thereo(. sublect in all respeets to the terms, conditions. a~d c~vena~ts of the aforesaid promissory nole, and this mortgag~. as fully and to the same extent as thou~h a patt . of the oriaioal indebtedness evidenced by said note and secuted by this martgaae. excepting howevet. that said sums shall be repaid the Alortgagee fort6with upo~ its demand aed be in addition co the regular monthly install- mcnts provided by the mortgage notc. 3. That the abstract or abstracts of title covering the mortgaged propetty shall at all times. duting the life of ~his mortgage, remain in possession of~the hlortgagee and in event of the toreclosure o[ this mort~aa~_ or oth.er uansfer of title to the mongaged properry in eztin6uishment ot the indebtedness secured hereby. all ri~ht. title , and interest of the \lortgagor in and to any. such abstracts of tit(e shall pass to the' purchaser or araetee. ~ 4. To the extent ef the indebtedness of the Mottsagor to the Mort6aaee described htrein or secured.he~eby, the Alartgagee is hereby subro6ated to the lien or liens and to the rights of iha owners and holders thereof ot each and every mortgage, lien or other. incumbrance on the laad described hetein which is paid and!or satisCed, in whole or in part, out of the proceeds of the loan desc~ibed herein ot secured hereby, and the respective liens of said mortgages, liens or other incumbrances, shall be and the same snd each ot them~hereby is pteserved and shall pass to and be held_by the Mortgagee herein as security for the• indebtedness to the Mortga6ee herein desctibed or hereby secured, to ihe same eztent that it would have been pteserved and wonld have beea passed to and bten held by the !?lortgagee had it been duly and regularly assigned, transferred, set ovet, 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 wi11 be satisfied and cancelkd of cecord by the holders thereof at or about the ume ot the recording of this mortgage. S. !n the event~t6e ownership of the mortgaged preEnises. or any part thereof, becanes vested in a person other than the !Nortgagor. the 1~tortgagee may, without notice to the Mortgaaor, dea) wiih such successot or suc- cessors in interest Kith reference to this deed and the debt hereby secured, in the same irianner as with the Mort- gagor without in any way vitiating ot discharging the Mortgagor's liability hereunder or upon the debt he:eby . secured. No sale of the premises hereby mcartg~aged and no forbearance on the.patt of the Motlgagee, and no ex- tension of the time for the payment of the debt hereby secnrod given by the Mortgagee shatl operate to rtlease. discharge, modify. change or affect the origina! liability of the Mortgaaor herein either in whole or in part. , b. The lien of ihis detd secures and shall continue to secure payment of said indebtedness or indebted- ~-ness, however evidenced. whether by said promissory note or any renewal or extension~thereof or substitute there- for, or othecwise, until all such indebtedness shall have been fully paid. 7. !n the event the mortgagors sell~ convey or transje~ the mortgaged premises during tbe lije oj this r~ort- gage, then tRis mor[gage shall, al ~he option oj the bfortgage~ hereia. beconre inunediately due and payable Jor the jull swn oJ the p~incipal balance.a~d ir~~erest lhen due. R. The terms "Mortgaaor" and "Mottgagee" whenever used in this instrume~t shall include the heirs, personal representativ~a, successors and assigns of the respective parties hereto. Wherever used the singular number shall include the plural and the plural the singular, and the use of any gcnder shall include all genders. Sig d. seate~ i red in th resence ot: ~ (Seal) ~ ~SeaU ~ .~,~e . STATE OF FLORIDA ~ COUNTY O ( ss - - ST. LUC~ ~ ~ Betore me personally appeated GALEN L, STANLEY ~nd GWENDOLYN L. STANLEY ~ his taife ~ to mo well known and known to me to be the individuals describ~d in and who executed the foregoing insuument, , and acknowledged before me that ihey executed the same for the purposes therein eapressed. WITNESS my hand and official seal i~ the County and State last aforesaid this 21st Day of Fe 3T~ 2976. - ~1 ~ ' June 30 -1979 ` " ~ ~Sy Commission £xpires: _ s Notary Publict $tatt~of FIaX.~da 8 LSr @ FILEO a.r~ ?~~ci~DE~ - . . ST L'JCl: C::.UbiY FU. - . RUL::' ~';'PAS . , ' . _ CIE~~K t'= G~s' COtlRT _ ' , ~ ' pr~~Rn y_ :~,:tE~ . . - : ~ . : F~e 2l ~ ~ P~i'?6 . . 3~~~~~~.1 - _ ~ : F:` ~ Z~~ r~~ ~ ~3_'--~~~~ ~ _ ~ = ~ . .