The URL can be used to link to this page

Home My WebLink About0924 our file #5-37,063 ~A~~ ma~p{e w o~Ae~ uaeile~ o( ~uls w~he mor~~a{e0 prope~~y m eaun~u~sM~eM W ~Ae ~ndebiNeetia .e.w~d Ae~en~. ~It n~A~, u~le •m1 ~nures~ o( ~~e AAcw~~a~w ~n a~d ~o ~ny ~nawance pol~c~es iAen i«~s sn.u o.s. ~o IAe purcA~acr m~i~e~ee. !A) To perl~xm, ~.mfplY r~tA and aA~de by e~cA and everr ~As ~hpul~t~oes. •s~ecn~enu. coediUona :nd co~enan~• ~n ~~~d prwe~~sory note and ~n iA~~ dtrd ye~ (w~A. TAst ~1 iey o( a~~d swn~ ol ~ey here~n relerred 1o be not proiep~lY aed /u{ly Pa~d r~~A~n fiftetn Qays nta~ at~s~ tAe sase ~everally Aecaaes due ~ed paYasls.a ~f eac~ ana e.ery u~e se~p~~.~~oes. ~~res~tn~s, coiwt~~~a+s an0 covenants of s~~d ~ow~s• saY no~e an.i iA~a decd. a e~~her, •re no~ fullY pcrfor~ed. ca~pl~ed +~~U~ and ab~ded sy, ~hc +a~d as~re~a~t sw~ a~tnt~oned ~n s~~d pow~sswy noit sh~ll becose due and payable fatA~~tA a IAere~(ur tAe opt~on ol iAe Na~~~~ee •s fu11Y a~d ton~pltltlY as ~f IAt s~~A a~Lre~a~e ~u~ ol s~~d p~aa~xaay note was a~~?nat1Y supul~ted to be p~id m sucA d~Y. any~A~n~ ~n ~s~d po~u~ssaY no~e w Atre~n to ~Ae coelra~y not~~tAsland~n~. / Tha1 ~e order Io acceluate t~e ms~ur~~y ot tAe ~edebttdeess Aeresy secaed, Aec~use ol tAe (~~lure o( ~he Mo~t~s~a io 0~Y ~~Y •sieasmenl, I~aA~1~1y, obl~pt~an ~v en.umDrance upon sa~0 prope~~y, sa hercm p~ov~deA, shall not be ne:es~a~y a reQu~s~te that the n~at~s~ee sAall f~rs~ pay ~he sau~e. The ~tortgagee may, at h~s opt~on. and without waiv~n` h~s r~ght to accele~ate the indebtedness hereby serured and ~a fnreclose the same, pav either be[ore ot after delinquency any ot all of those cectain obli~ations requ~red by the terms hereof to be paid by the Mort`a~ot for the protection of the mc~rtgase security or fot the col- lection af the indebtedness he~eby .secured. Ail sums so advanced or pa~d by the ~lortga6ee sh~ll be cha~Eed into L~~ ^10i~~'.Zi'.^~ .Z~C.^~::.^.l ~`CCC.T.t aa -~~ttsra! rart ~~lf[C!~i~ 5lSti~tC~ S!~ lt5~?CC!5 :O ~~lC 1CS!!!S. C^::~itieni. 8::~ covenants of the aforesa~d prom~ssory ~ote, and th~s mortga6e. as fully and to the same extent as thou~h a part of the orisinal ~ndebtedness evidenced by said note and secuted by this rtartgage, exceptin6 however, that said sums shall be reps~d the hlortaa`ee forthwith upon its demand and be in addition to the regular monthly install- ments provided by the mort~aae note. 3. That the abstrac~ or abstracts of title coverin~ the mort6aaed property shall a't all times, durin6 the life of th~s mongage, remain in possess~on of the Alortsa6ee and in event of the foreclosure of this mott`a~e ot other transfer of title to ~he mott6aged property in extin~uishment of the indebtedness secured hereby. all ri`ht. titie aed ~nterest of the ~1urt6a`or in and to any such abatracts of title shall pass to the purchaser or grantee. 4. To the ezte~t of the ~ndebtedness of the Mort~agor to the !Nottsa~ee described herein or secured heteby, the Mortaa6ee is hereby sub~o6ated to the lien or liens and to the t~ghts of the owners and holders thereof of each and every mortgaae, I~en o~ other incwnbrance on the land described hetein which is paid qnd!or satisfied. in whole or ~n part, out of the proceeds ot the loan desctibed herein ot secured heceby, and the respective liens o~ said mortgages. Gens or other incumbrances, shall be and the same artd eech of them hereby is preserved and shall pass to and be held by the Mortgaaee herein as security for the indebtedness to the MortEasee herein desc~ibed ~ or hereby secured, to the same extent that it would have been preserved and would have been passed to aed been held by the ~11ort~agee had it been duly and re~ularly assi6ned. transfened, set over. and delivered unto the Mort- aatee by ceparate deed ~f a~signment, nc+twithstandina the [act that the sasne may be satssfied aad canctlled af - record, it be~ng the ~ntention of the parties hereto that the same will be satisfied and cancelled of record by the holders thereof at or about the ume of the recordins of this mort~aae. i S. In the event the ownership of the mort`a~ed premises, or any part theteof. becomes vested in a person other thaA the ~lortga~w, the S1ort6asee may, without notice to the Mortgasor. deal with such successor or suc: . cessors in interest N•~th reference to this deed and the debt hereby secured, in the same manner as with the hlort- ~ aa~or without in any way v~uating or discharaina the Mortaaaor's liab~lity heteunder ot upon the debt hereby secured. No sale of the premises hereby mort~aaed and no [orbeuance on the part of the lNort~agee. and no ex- tension of the time for the payment of the debt hereby secured `iven by the Mort6agee shall operate to release, dischar~e. modify, chanae or affect the orig~nal liability of the Mortgaaot herein either ~n whole or in part. 6. The I~en of th~s deed secures snd shall continue to securc payment of said indebtedness or indebted- ; ness, however ev~denced, whethet by said ptomissoty note ot any tenewal or extension thereof or substitute there- ' for, ~s o!!:trwise, ur.ti! suc!: i:~~bt~~!r.:ss st:a!! l~sse been fu!!~ ~si3. i 7. /n the event ~he mortgogors sell, convty or t?ansJer lht mortgaged p~trn~ses dunng lhe l~j~ oj.this mort- i gage, thtn thls mor~gage shof/, a~ tht oplion oJ the bto?tgagee hrrt~n, 6ecome unmediately due and payable jor ~h~ Jull sum oJ the pnncipal bolance and inrerest lhtn due. 8. The tcrms "Mott~aaot" and "Mortgagee" when~vet used in thic ~nstrument shall include the he~rs, i personal tepresentativc~, successots and ass~gns of the respect~ve parties hereto. Whereve~ used the s~ngular ~ number shall include the plutal and the plutal the sinaular, and the use of an gender shal! include all genders. ~ ~ ~ S~g d, seale nd li red in th resence of: (Seal1 i ~ ! ~ ~Seal) f «cc~ L/", ' ' STATE OF FLORIDA 1 f SS COUNTY OF~]I ST.LUCIE DAVID C. MORSE, JR. and JOYCE ARLENE MORSE his Before me personaliy appeated wife, foranerly known as JOYCE ARLENE GWINN~P to me well known and known to me to be the individuals desctibed in and who executed the fore~oint instrument, oi~~ 'afwTivwifua~v vciaric' ucc i,iui iticji cnci;uicu' Znc ,atUC Iot [f1C PYipOSCS cncrc~n cxpressed. wi tf~itJ~ my nano and offic~al seal in the County and State last aforesa~d th~s 4th Day of Mareh, t • ~ t . . - i ~1y Comm~ssion Ex~i~~: June 30 1979 Notary Pubhc, ate ot F1 . ~~fi~•~8~' ; S~ lUC1E CQUyTr FU ' ~r;' ` ` ; R~~ER P01?RAS - - . ~ - j CLE'~K~'~CWiCOURi _ " RECORO YEf:IFIEO ~ " ' `~.w.~ a ;c M~~ ! l 2 33 PN 7 ~ f-;:'~z; ~~3 ~ ~ - ~ 265 PAGf 917 . ; - .