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Home My WebLink About0538 Our file 5-34,709 thu aw~t{~~e or othe~ u~n~fet of htle to the mo~t~~~ed properly m caUOswshoaent ot tht ~n~cp~cdness secwed herebY, •11 r~~At, utle and ~n~erest ot ~he Mort~~~or ~a and Io aey mawance pul~ue~ tAen ~n torce ~h~ll pass to the putch~~er a p~niee. (A) To perlam, cosoly ritA ~ad ~b~de by e~cA u~d erery ~he st~pul~uons, ~~reen?ena~ cw~d~l~oas •nd coven~nts ~n sa~d prom~ssory ' no~e ana ~n th~~ deed sat fottA. 1 That ~t ~ny ol s~~d sua~s ot mo~ey Aere~n re(erred to be not p~ompUy aAd (ully pa~d r•~tA~ll (~(Ietn d~y. neu a(~er the saise serer~lly pecoe~a due ~nd p~yasie,ot ~t eacA aod every tAe ~~~pulat~ons, a~~eements, cond~~~ona and covenants o( sa~d prama• i say note and tA~s deed, or e~tl~e~, aro not (u11Y per(amed, compGcd WuA aed ab~ded bq, tAe sa~d aurepte swn mcnuone3 in sa~d pranissay note shal) becaae duc and payable f~xtA~~~h a there~(ter at tAe ophon o! ~Ae \tal~~~ee ss (u11Y and caapieulY as if tAe . a~~d ~«l~~lQ !YS OI l~Id pfOlol~SOfy 110t0 ~Y~S on~~nally suput~ted to be p~~d an such dry. anytA?n{ ~n sud prao~sswy no~e a herem j to the contruy notv~ithst~ad~ni. • i V 1 That ~n order to aceelet~te tht au~unty of ~Ae indebtedness he~eby aecwed, Aec~use of tAe fa~lure of tAe !Nat~~~or to pry any taa, •ssessment, Iub~iity, oAlisation a en~umbrsnce upon sa~d prupe~ty, as here~e provided, u shall not be necessary or repu~sue ~hat ~he m~xtYa~ee chall hral psr tht samt. ; 2. The ?Nort~a`ee may. at his option, and without waivi~6 his right to accelerate the indebtedness hereby ~ secured and to foteclose the same, pay either before or after delinquency any or ail of those certain obli`ations i ?equired by the terms hereof to be paid by the ~iortgaaor for the protection of the mortgage security or for the col• ~ lecu.m of th2 ir~tbtedntss heteby sccured. All sums so advanced or paid by the !Nort=a~ee shall be chetaed into ; the mortgage accou~t and become an intet~al part thereof, subject in all cespects to the terms, corxfitions, and covenants o( the a[oresaid promissory note. and this mortgage. as fully and to the same extent as thou~h a part ~?f the original indebtedness evidenced by said ~ote and secured by this mortgage, excepting how•ever, that said sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regulu monthly install- ments provided by the mort`age note. 3. That the abstract or absuacts of title coverina the mortgaged property shali at all times. during the life uf this mortgage, remain in possession o[ the !1lortgagee and in event of tho foreclosure of this mortgage or other ; transfer of titlz to the mortgaged property in eatinguishment of the indebtedness secured hereby, all ri`ht, title ~ and ~nterest of the 1~lortgaaot in and to any such abstracts of title shall pass to the purchaser or grantee. ~ To the extent of the indebtedness of the 4brtgagor to the ~lottgagee described herein or secured hereby. the \lortgagee 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 other incumbrance or? the land described herein which is paid and'or satisfied. in whole or in part, out of the proceeds of the laan described herein ot secured hereby, and the respective liens of said mortsages, liens ar other incumbranccs, shall be and the same and each of them hereby is preserved and shall pacs to and be held by the ~tottgagee herein as secutity fot the indebtedness to the !1lortgagee herein described or hereby secured, to the same extent that ~t would have been pteserved and would have been passed to and been held by the !1lortgagee had it been duly and regularly assigned, transferted, set over, and delivered unto the hlort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfi~d and cancelled of record, it being the ~ntention of the patt~es hereto that the same will be satisfied and cancelled of recotd by the h~~tdcrs thereu~ at or about the time of the rrcording of this mortgage. ; 5. In the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person _ other than the ~1~rtgagor, the \lottgagee may, without notice to the !Nottgagot. deal with such successor or suc- ; cessors in interesi with refer~~ce to this deed and the debt hereby secured. in tht same manner as with the Mort- i gagor w•ithout in aay way vit~ating or discharging the ~lortgagor's I~ability hereunder or upon the debt hereby < secured. No sale of the premis~s hereb~~ mortgaged and no fo~bearance on the patt of the ~lortgagee, and no ex- f tension of the time fo~ the payment of the debt heteby secured given by th~ Mortgagee shall operate to release, ' discharge, modify, change or affect the original liability of the !1~ortgagor herein either in wfiole or in part. 6. The lien of this deed secure. and ~hall a~ntinue to secure payment of said indebtedness or indebted- ness, however evidenced, whether b~• sa~J ptomissory note or anp renewal or eatension theteof or substitute there- for, or otherw'ise, until all such indebtedness shall have been fully paid. ~ ! 7. In the event ?he mortgaRors sell, convey or trQnsjer the mur~gaged p~ereises during the fije of this mort- ~ ~;a~e, then this ?nortgage shvll. a~ the op~ian of the lNortAagee herein, 6ecome immediately due and payab{e Jor tbe ~ luff sum oj the p?inc~pa! balancP and rnte~esr then due. ~ 8. The tetms "Nortgagor" and "~tortgagee" whenever used in this instrument shall include the heirs, C personal tepres~ntatives, successors and assigns of the respective parties hereto. Wherever used the singular k number shall include the plural a lural the singular. and the use of any gender shall include all genders. ~al2~~ ~ C~<//~- r i S~g , sealc d e ver ~n o esence of: ~-s---- (~Seal) . t'`!' : ~ ~ c ~r : (Seal) _ , ~ c~..~'~L--x-~i l . - - t t z ~ ~ v ~ - . ~ STATE OF FLORIDA I COUNTY OF Q(bi~E ~ ~S ST.LUCIE ~ Before me personally appeated JOHN H. COFFING and ELVA E. COFFING, hi3 wife, Y to me well known and k~own tc? me to be the individuals described in and ~vho executed the foregoing insuument, ~ and acknowledged befote me that they executed the same for the purposes therein expretsed. WITNESS my hand ~ end affic~al scal in the Caunty and State last aforesa~d this 14th Day Of ~y~ 76. ~ i ~ ~ ~ June 30 1979 ~ , ~orida e ~ ~1y (~cxnmission Expires: ~ Notary P.ab1iC, Statco( ~ R EO f r:, ~ ; ~ i lE0 ~N~ RECO ~ _ ~ ~ , ~ - :~.IUCI' COUMTY L~• ~ ~ . ~ aoc~~ Po;Ta~?s 3 f : ~ . ~ c~EaK c~zcu~t couaT 5 ~ s~, t~~: ~ . ~ 1t~C0~i0 VER~FIEt~ ~ ~ ~ ~ . ~ 3 ss QM'16 Y,:, r~~53 F~c~ 538 ~ ~ ,,lu~i 3 r ~ ~ w ~ ~ ~ ~~u ~ _ _