HomeMy WebLinkAbout0628 Our file 5-36,220
~h~x sa~~p{c w a~her u~nsfe~ ol ~~tle w~~e ~ua<<a~eA poperty ~n erun~wsAmeel u~ ~At ~ndes~ednesa .e.~rc0 heree~. ~U n~M. ~~~le
anA ~n~eres~ o( ~Ae 1Aor~~~~w ~n and to ~ny ~nswance poi~c~ss thsn ~n (wcs sA~l1 oass to 1Ae purcA~se~ or srin~ee.
(A) To perferin, cumply ~r~tA snd aSiAc ay t~eA •nd every tAs al~prlal~ons, •~ieeeaee~s. cond,t~ons snd covenan~s ~n s~~d pr~~iswy
noie snd ~n i~~a deed ae~ fmih.
l~) TAS~ if sny of si~d 3Y10.t OI 111W1ly Atltlll fC~tRld l0 Ot l101 p~ploplly and fully paiA .uA~n hUten ~sys ne~~ alta
~Ae s~me severally AecoR+es due and P~yasls,p ~t e~cA and every tAe s~~pul~t~ons, a~rceni<n~s, cond~~,ons s~A covee~~~s of sa~d pran~s.
say no~e and ~A~s deed, o~ e~tAer, are not fully per(autd, c~enpLed .~~h snd ss~ded by, ~Ae .a~d a~~re~~ie swn mem~oned ~e sa~d
pr.~nissor~ note shall beca++t due ae0 paysble fortA~~lA or ~A«eaUer at 1he op~ion of iAe ~1orlp~ee ss (ully ana completely is d tAe
s~~d s~~re~s~e suni o( sa~d p~an~aaay no~t ~~s ori~~nally suput~ted to At ps~d m sucA day, aeYM~n~ ~n c~~d pran~ssory noet w Aere~n
to eht conlr~iy not~~lASland?n{.
1 TAa~ in o?der to acceierate tAt matur~~y of /ht ~ndeAtedness hereby secwed, because ol IAc (a~lu~e o( ~he Nor~~a~or ~o pay any ~aa,
as.ecsmem, I~as~ldy, obl~pt~on rx encumMance upon sa~d prnp~~ty, as Atrem prov~Aed, u sAall not be ne~esv~y w reQu~s~u ~M~ ihe
mat~a~ee shali tus~ pay the same.
2. The ~iortgagee may, at h~s opt~on. and without waiving his ti~ht to accelerate the indebtedn~ss hereby
~ecured and to foreclose the sarne, pay either before or after delinquency any or all of those cetta~n obl~~at~ons
requued by the terms hereof to he paid by the \lortta~or far ihe protection of the mortga`e secur~ty ar for the col-
lection of the indebtedness hereby secuced. All sums so adva~ced or pa~d by the ~lortgagee shall be char~ed into
the mortgage account anJ become an iotegral part the~eof, sub~ect in all respects to the terms, cood~t~ons, and
covenants of the afotesaid ptom~ssoty note, and this mortgage. as fully and to the same extent as thou~h a part
of the an~~nal indebtedeess ev~denced by said note and secured by this m~rtgage, excepting however, that sa~d
sums shall be repa~d ~he Alortgagee forthwith upon ~ts demand and be in addition to the regular monthly ~ostali-
ments provided by thc mort~age note.
3. That the abstract or abstracts of title coverin6 the mortgaaed property shall at all times, durin` the life
of thic mor~gage, remain in possess~on of the A1ort~aaee and in event of th~ foreclosure o[ this mortga~e or other
transfer of atle to the mortgaged propcrty in e:tin6uishment of the i~debtedncss secared hereby. all ri~ht, t~tlo
and mtere~t of the ~tortgasor in and to any such abstracts c+f ~itle shall pass to the purchaser or grantee.
4. To the extent oi the indebtedness o[ the Mort~asot to the Mort~a~ee descs~bed herein or secured hereby,
thc ~lortgagee ~s hercby subroaated to the lien or liens and to the t~ahts of the owners and holders thereof of tach
and every mortgage, lien or other ~~cumbtance on the land descnbed herein which is paid and!or satisfied, ~n
whole ot in part, out of the p[oceeds of the toan described herein or secuted hereby, and the respective liens a!
said mort~ages. liens or other ~ncumbrances, shall be and the same and tach of them heteby is preserved and shall
pass to and he held by thc Mortgagee here~n as secutity for the indebtedness to the ~lortgagee herein desctibed
or hereby secured, to the same extent that it would have been presetved and would hav~ been passed to and been
held by the ~1ort~agee had it been duly and re~ulatly assianed, transferted, set over. and delivered unto the Mort-
gasee by separate deed of assignment, notwithstand~na the fact that the sanK may be satisf~ed and cancelled of
record, it be~ng the mtont~on of the patties hereto that the same will be satisfied and cartcelled of record by the
holders thereof at or about ehe time of the recordin6 of this mort~aje.
S. !n the event ~he ownership of the mortaaaed premises, or any part thet~of. becomes vested in a person
other than the ~brtgasor. the Nort~a~ee may, without notice to the Mort~aaor~ deal with such successor or suc-
cessors in interest with reference to this deed and the debt heceby secuted, in the same manner as with tnc ~liort-
6a~or without in any way v~t~atins or dischatgine the A1ort6a~or's liab~lity heteunder or upon the debt he~cby .
secured. No sate of the premises hereby mortgaged a~d no forbeatance on the part of the !~lortgaaee, and no ex-
tension of the time for the payment`of tl~e debt hereby secured siven by the ylort6agee shall operate to release.
d~scharge, mod~fy, chan6e or affect the ori~~nal liability of the 1Aortga~on c~re~n either ~n whole or in pact.
6. The lien of this deed secures and shall cont~nue to secure payment of said indebtedness or indebted-
ness, however ev~denced, whethet by said promissory note ot any renewai or extension [hereot or substitute there-
for, or othetw~se, until all such indebtcdness shall have been fully paid.
7. !n 1ke ev~nt ~t~o~gog~vs.se(l~ co~vey o~ trensjt? tht morlgagtd pre~nises during tht l~je oJ th~s mort-
RaRe, thtn this ?nortgage shel , nf the option j th~ Alortgagee hertin. 6ecome ~rrunediatety due and ptyable Jo? ~he
Jull su?n oJ ~1~e p.~ncipal balance and intt?est then due.
8. The terms "R1ott~a~or" and "Mortgaget" whenovet ustd in thic ~nstrument shall ~nclude the he~rs,
personal representativ~s, successots and~ assiens of the respective partias hereto. Wherever used the singular
num r shall inc!ude the plura! and the plutal the sinsular, and the use of any gender shall include all d~tt:~.,.
FT. PIERCE CONIlK[JNICATIONS ~
~
=s'''%- -1~ d, `.`~c_L a; fi-~ ` r.-
S~ d. seal el v e~ s : ~e~~ d-~
as President~i~i ~'`ca';"~~~. '
. , r_ . ;
~~--'s;~ ~ ' , .
, , ~ _ aS,e~ll~ : .
~j~- _ ~ Attest: -.;.,~~,f' =~c`-',.= ;s~t~'-
K v n L. Berge ot , n v
~ as ecretary '
STATE OF FLORIDA "
COUN Y O ( ss
s~. Lt~c~ ~
Before me personally appeared
.a :ar vre!! keowa ar.d kn~~r. !e sa:t to bt Lht er.dividsals ~escrihsd in and whn eaecuted the fore~oin~ ~nstrument.
and acknowledged before me that they txecuted the same [or the purposes there~n expressed. W~TNESS my hand
and off~c~al s~al ~n the County and State (ast aforesa~d th~s
~+ly Comm~ssion Exp~res: Notary Pubf~c. State of - _
Et.'~250 625
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