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Home My WebLink About0532 Our file 5-34,739 ~A~s ma~~aRe w u~he~ uaoale~ ol uUe w the mwt~sted popcrty m e~Un~uuhmtel ul Ihe ~nde~uJne~s ~t.urcd htreAf. all n~h~. utlt and ~n~eres~ o( Me Mw~~a~w ~n ~nd to any ~nsu~ance pol~t~es IAen ~n twce shall pass to Ihe purcAaser a~ran~te. • (h) Tu pert~vm, :ump1Y v~tA and s~~de Ey escA aed eve~y tht s~ipul~t~ons, a~~eemenu, cond~uona and covenantc ~n s~~d p~um~~sory note snd in ih~. derd .e~ lorth. ~ 1 TAat ~f anY of sa~d suma ut money herem ro(erred lo be not praapelY ~~?d lu~~Y pa~d ~~thm fdleen days nta~ atter i the ss~ne severslly be~aees due and paYable,ar ~f eacA and evtry 1Ae st~pulat~ons. ~treements, cond~t~ona and coven~n~s oI ss~d pram~s- saY nole and th~s deed, or euAer, are not lully pe~fo~iaed. canpl~ed W~tA and sb~ded by, ~Ae +a~d aj~re~a~e sum msnuoned ~o sa~d ` panissory nute shall Decane due an0 psyable (ortAwith a t~eroa(ter •t the opt~on ot 1he Nw~~s~ee as fully and completely as ~f Ihe ~ sa~3 a~~rrissr sum af sa~d prom~csay aote ~ris ore=~nally supulNed to be pa~d on sucA d~y. anytAi~s m sa~d pr~~sso~y ~o~e ix here~n : ~o the contrary notw~~Asund~nR. V 1 That m order io rccelente the ma?un~y of the ~ndebtedness hereby secwed, because a( the (a~lurt o( iAe Mo~~sa~or to pay any u~, assessment, liah~luy, oDl~~at~on cv enaumbrance upa+ sa~d pteperty, as herem prov~ded, ~t sfiall not be eecessary w reQu~siu thst the mort~a~ee shsll hrs~ pay the same. ' The ~tortgagea may, at his opt~on. and without waiving his right to accelerate the indebtedness hereby secured and to foreclose the same, pay either before or after delinqueacy any or all of those certai~ obligations - required by th~ terms hereof to be paid by the ~iortgagot for the ptotection of the rm~rtgage security or for the col- Icction of the indebtedness hereby secured. All sums so advanced ot pa~d by the Mortgagee shall be charsed into the mortgage account anJ become an integral part therea[, subject in all respects to the terms, cor~ditions, and covenants ol' thz aforesaid promissory note. and this mortgage. as fully and to the same extent as though a part of the original indebtedness evidenced by said note and secured by this mortgage. excepting however. that said sums shall be repaid the Alortgagee forthwith upon its demand and be in addition to the regular monthly install- ments pcovided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged property shall at all times. durin6 the life ~ of this rrx±rtg~ge, remain in posscssion of the A~ortgagee and in event of the toreclosure of this mortEage or other transfer of title to the mortgaged property in extinguishment ot the indebtedness secured he~eby. all right. t~tle T and ~nterest of the ~lurtgagor in and to any such abstracts of title shall pass to the purchaser or grantee. ~ 4. To the extent of the indebtedness of the Mortgagor to the NMrt~agee 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, fien or other incumbrance on the land descr~ed herein which is paid and!or satisfied. in whole ot in part, out of the proceeds of the loan describcd herein or secured hereby. and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each of them heteby is preserved and shall pass to and he held by the Mortgagee herein as security for the indebtedness to the hlortgagee herein described or hereby secured, to the same extent that it would have been pteserved and would have been passed to and been held by the ~1c~rtgagce had it been duly and regularly assigned. transferted, set over. and delivered unto the Mort- gagee by separate deed of assignment, notwithstanding the tact that the same may be satisfied and cancelled of ~ record, it be~ng the intent~on of the parties hereto that the same will be satisfied and cancelled of tecotd by the holders thereof at or about the time of the recordina of this mortgage. S. In the event the ownership of the mortgaged premises. ot any part thereof. becomes vested in a person 1 other than the '~lortgagor, the \lortgagee may, without notice to the Mortgagor. deal with such successor or suc- ~ cessors in interest K•ith reference to this deed and the debt hereby secured, in the same manner as with the A1ort- ga~or without in any way vitiating or dischargi~g the Mort6agor's liability hereunder or upon the debt hereby ~ ; secured. No sale of the premises hereby mortgaged and no forbearance on the part of tho Mortgagee. and no ex- ~ tension of the time [or the payment of the debt hereby secured given by thr !Nortgagee shall operato to release. discharge, modi[y, change or affect the original liability of the Mortgasor herein either in whole or in part. 6. The I~en of this deed secures and shall continue to secure payment of said indebtedness or indebted- ness, however evidenced, whether by said promissory note or a~y renewal or extension thereof or substitute there- for, or othetwise, until all such indebtedness shall have been fully paid. ~ 7. In the event ehe mortgagors sell, convey or transJer the mortgaged premises du?ing the IiJe oj this mo?~- ~ ! gage, then this mortRage sholl, at the op~ion oJ th~ Alorrgagee hertin, become immediu~ely due and payable Jo~ rhe ~ 4 ju/l sum oJ the pr~ncipal !w(ance and inteiest then due. } ; 8. The terms "Mortgaaor" and "Mortgagee" whenever used in this insttument shall include the heirs, ~ personal representativ;,~, successors and assigns o[ the respective parties heteto. Whetever used the singular t ~ numbet shall include the plural and the plurat the s~ngular, and the use of any gender shall include all genders. ~ F ~ ~ i % ; ~ Signed, ealed an e er in pr ence of: (Seal) ; ~ ~ ~ ~ ~ ~ ~Seal) ~ ~ tt~l_- ~ t'!c _ - s . ' ~ STATE OF FLORIDA ~ ~s ~ COUNTY OF~H ~ ALEXANDER THORPE and ZELPHA THORPE, his wife, ~ ~ ST. LUCIE formerly known as ZELPHA McPHEE, also formerly Before me personally appeared known 83 ZELEPNA M. MePHEE ~ to me well known and known to me to be the individuals desctibed in and who executed the foregoing instrument, ~ and acknow~lcdged before me that they executtd the same fot the purposes there~n expressed. WITNESS my hand ~ and o[ficial sea! ~n the County and State last aforesaid this 20th Day of May, 1 . ~ i ~ x ~ ~ ; June 30 1979 ~ ~ ~ ~1y Cor.imiss~on Exp~rcs: ~ Notary Public, State of 4~ e ~ ~ ; : ~ hEG Rpg ~ ' ~ ~ ~ ~ ~ 1. = ' ~ p ~,xa uN~Y .i _ - ~ - ~ ' .;n . ~ `{~'`UtiG,E~ ~~,t Cp~~t ~ ~`~~Jc~r . G~ ' i ~ ~ L~~~ ~ •Fa~~'' ° : 4L~ ~ C ~rcy, ~t (n~ f ~ a ~f.G~P~ ~ ~D~~1Y ~ . - 3 3' .~.'~'1~~ 2= ~ : 2~3 ~~~~E 5~32 ~ _ ~ . _ _ . : _