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Home My WebLink About0240 , Our Fils 5-35,577 th~s aw~t~~~e w otAe~ ua~:lc~ of u~le w ~As mai~~aed proOsrty ~a e~unawsAseni o1 i~e indsbudeess secwed ~erebY. all i~~A~, ~~~Is snd ~eitresl of tAe Mat~~~w ~n and to sey ~nawaacs pol~ows ~hes in tace sA~ll oass to ~Re owcA~se~ a ~ran~ee. (AI To oer(aa. cumply ~~tA •nd ~Aide ey e~cA ~ad evtry tAt at~oul~t~oaa. •ueswenu. condi~~ons ~aA covenaeb ~n si~d p~u~~ssay note snd ie iA~s deed u~ fatA. TA~t d anr of a~~A swu of woaey Aert~a rstened to be not pro~ptir and fully oa~A ~~~A~n nr~s~~ e.r. sna tAe auss serersllr Accowea due snd oaYaele,ar ~f tuA aaA evsry tAs shoulaaons. ~~reesee~s, condwons sn0 corenaets o( s~~d oro~~s• sar eote and tAis deed. a euhe~. ue na ~~ur v~~rawed. co~olied ~r~tA •ed sb~ded sy. ~Ae s~~d surcp~e s~ menuoncd s~~d t- prowisaay no~e sh~il bscosc due and payabie tatA~~~h a ~bers~(ter •t tA~ opuon ot ~Ae lilort~s~ee •s fully and cowoietely ~s ~f tAe s~~d a{/teqte su~ d ss~d powiRSay nole r~s o~~~~nally auPul~teA to Se pa~d on sucA d~Y. anyW~as m sud ~rasusory no~s a Aere~e i- to.lAe conlrsry not.ri~hstand~~~. i ) Ths~ in wdu to actelet~te ~he au~uniy o( tAe iadeetedness ~ereeY sccured. becauae of tAe ta~lua of tAe Ma~ss~o~ ~o o,r .~y ± ~ssessment. lub~lity. obl~saUa+ a encwab~snce u~ sa~d propu~Y. as Aere~n ~ov~ded. u shall not Se necessary o~ reaws~te ~h~t the ~ ~e«i~s~ee shall f~rs~ oay tAe ss~e. . ` 2. The Mort~a`ee may, al his option. and without waivin~ his rieht to accelerate the indebtedness hereby - secured and to foreclose the same, pay either before or after delinquency any or all of those cettsin obli~atioes required by the tetms hereof to be paid by the Mortsa~or for the protection of the mc~~t~a~e security or [or the col- lection ot the indebted~ess hereby secured. All sums so advanced or paid by the Mott~aaee shall be char~ed into the mortaa~e account and become an intearal put thereof~ subject in all respects to the terms~ conditions. and covenants of the aforesaid promissory note. and this mort~aae. as ~ulfy and to the same extent as thou=h a part of the orisinal indebtedness evidenced by said note and securcd by this mort~a`e, exceptin~ howevat. thst said suma shall be repaid the Mortaa6ee forthwith upon its demaad and be in addition to the reaulu monthly install- ment~ provided by the mort`aae note. 3. That the abstract or absuacts o[ title coverin~ the moctasted property shall at sll times. dutin~ the li[e of this mortgage. remain in possessia~ of the Mottsa~ee and in event of the foreclosute of this mort~ate or other transfer of title to the mortgased property in extin~uishment of the indebtedness secund hereby. all ri~ht. title and interest of the Nlortsa`or in and to any such abstracts af title shall pass to the purchaser or `rantee. 4. To the extent of the indebtedness of tha Mottsa~ot to the Mortga~ee descti~ed herein or secured hereby. the Mortaa`re is hereby subrogated to the lien or liens snd to the ri~hts ot tbe ownets and holders theteof of each and every mortgas~, lien or other incumbrance on tht land desecibed herein which is paid and!or satisfied. in whole oc in part, out of ~he proceeds of the loan deseribed hcrein or secured hereby. and the respective {iens of said mortsages, liens or other incumbrances, shall be and the same and eacA of them hereby is preserved and chall pass to and be held by the Moctaagee herein as security tor,the indebtedness to the Mott6aaee herein desctibed or hereby secured, to the same extent thst it would have been preserved and would have been paased to and been field by the !Nortsagee had it been duly and re~ularly assi6ned. transferred~ set over, and deliveced unto tha Mat- `a~ee by separate deed of assianment, notwithstandin6 the iact that the same may be satisfied snd cancelled ot record. it bein` the intention of the puties hereto that the same will be satisfied and cancelled of recotd by the holders thereof at or about the tims ot the tecordin~ of this mort~a`e. S. In the event the ownership o[ the mort`aaed premises, or any patt thereof. becanes vested in a person other than the Mortgator. the ~IortEa`ee may, without notice to the Mott~aaor. deal with such successot w suc- cessors in interest with reference to this deed and the debt hereby secured. in the same manner as with the Mort- gaaor without in any way vitiatin= qt dischargina the Moct~a~ot's liability hereunder or upon the debt hereby secured. No sale of the premjses hereby nwrt~a6ed and no [orbeuance on the part of the Mort~asee. and no ex- tension of the time for the payment of the debt hereby secured fiven by the Mort~agee shall operate to release. dischar6e. modify, chan~e or affect the ori~inal liability ot the Mort~asor herein either in whole or in part. 6. The I~en of this deed secutes and shall continue to secure payment of said iedebtedness or indebted- ness. however evidenced. whether by said promissory note or any renewal or extension theteo[ or subatitute there- for, or otherwise, until all such indebtedness shall have been [ully paid. 7. /n 1he ev~nt the mor~gugors seN, convey or fratsjer tht mo~~gaged pre?nises during the lijt oj this ~no~t- gog~. then this mor~gage shaU, at lhe optfon oj tht Afor~gegee herein. become inunedintely due nnd payablt jo~ the ' ju(l sum oJ the principa! balance ond interest then due. 8. The tenns "Mort~aaor" and "Mort=aaee" when~ver used in thic instrument shall include the heirs. ~ personal representativ~~, successors and assigos of the respective puties hereto. Wherever used the sinaular ~ ~ number shall include the plural and the plural the sin~ular, and the use o( any `ender shall include all ~enders. ~ . I . Signe ealed a red ' th resence of: ~ (Seal) ~`1 ' ~Seal) ~ c.~ ~ J~ ~ s . ~z-n . . ~ ~ STATE OF FLORIDA ~ COUNTY OF ~ ss ST. LUCIE Be~ore me personally aPpeared FONZIE KNOTT atld JOYCE KNOTT~ his wife, to me well known and known to me to be the indiriduala described in and who executed the fore6oing instrument. and acknowlodsed before me that they eaecutsd the same (or the purposes there~n expressed. WITNESS my,hand ~ and officisl seal ~n the County and State Iast aforesaid this 27 h Day of August, 1976 ~ 1 • • l. . ~~/i ~fy Comm~ssion Expires: Juile 3O, 1979 Notary Public, St '0~~+' - Large -•taz. ,Y~ ' - f~ ? a - . a = z ~`w~ y~i,_ :4 _ . _ ~a 0~ ~l~ `y~v~ ".~•~~~:Yl'"R 34~~~~ Q4 K hCai'! Q~11f ' ~ T.~T ~ a` FfiOK 25~ PAGE 241 A~o~a v +t~ri~p,.,.,,,2',~~ , i~ ~ IZ a PM'ai . i~~ , _ ~ - _ _ -K-~~ -