HomeMy WebLinkAbout0927 our file ~5-37,061
~h~~ ~a~p~e w o~Aer u~nslci ol ~Nle w ~he n~a~sa~ed poper~y ~n t~~~e~wsAStnt W IAe ~ndeDUJneu .c.u~e0 Acre~). ~11 r~~M, ~~~la
•nd ~n~e~eit o( the Ma~~~a~w ~e and 1o any ~niw~nce pol~c~es ~Atn ~n (ace sA~ll oasa to ~Ae purcAsse~ a ~~~n~se.
lAI To oe~lrvm, ?ump1Y ~r~tA aed ~?~ds by eacA a~d evuy tAe supul~hoss. ~~~es~nts. cond~i~ons •nA coven.nis ~n ~~~0 p~uw~ssory
no~t and ~n deeJ .e~ IMiA.
/ TAi~ any of ,~~d swea ol woeey Atrt~a telated to Ss eo~ ptaaptlY a~d f~lly Pa~d ~~~A~n h(~ten r~Ys ne~t al~e~
tAe aawt severslly Aeconus due and p~Yable.o~ ~f t~cA snd everY Mt ~~~pul~~~ons. s{reen~en~s, coeW~~~uns sed coren~nts of ss~A ~aw~s- .
sar eote snd th~s dsed, o~ cuAe~, s~e no~ I~IIy oe~fawed, cospl~ed WuA sn0 •b~Ied e~~, ihc ~s~d a~~rt~~~t swa mtnuontd ~n sa~A
ponusswy eote sAall Secasc aue and oaYasle (ortA~r~tA a fAs~ea(~er at ~Ae opl~on of IAe Mwt~a~ee ~s fuliy aed compleltly ss if ~Ae
s~~d a~pe{~~e su~ ol s~~d poru~sso~y eo~e +r~s a~~m~lly supul~~eA to be pa~d m sucA daY. snyW~ni ~n ss~d paa~aao~y nott a hert~e ,
to ~Ae coetrsry not.ri~Asl~nam{. !
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(~1 Tha~ ~e wder to acceler~te ~ht ~lur~ty of tAe ~ndestedness Aereby secwe0. becaust ol tAc (a~lure ol ~Ae Nat~s~w ~o psY any ~~a,
asseasa~enl, tus~l~ty, ob1~~aUa+ rx en.urnMance upon sa~d proper~Y. ~s here~n pov~ded. u shall no~ be ne.esca~y w repu~s~~e tAit ~he
mw~~ssce sAall firs~ piy tAe ss~e.
2. The ~brt~a6ee may, at his opt~on. and without waiv~r?~ h~s r~ght to accelerate the indebtedness hereby ~
secured and t~~ foreclose the same, pay either before ot sfter del~nquency any or all of those certain obli=ations
requ~:ed by the tetr.^.s htteef to bt paid by ~he Mc~rt=at~r ~~t th~ ptotectic?n of the m~rt=a=e security or for the col-
itction of the indeb~edness hereby secured. All sums so advanced ot pa~d by ~he ~Mrtga~ee shall be charsed into
tht mottgage account anJ become a~ inte6tal part thereof, sub~ect in all respects. to the terms, conditions, and
cuvcnenla u~ Ih~ aGa~sai3 pr.~maawy n~it, ir~.i U~+s uwttga~e, ~s iuiiy :nd 1~ fh~ s~me ~xtent is ihuu~h a part
of the on`inal ~ndebtedness evidenced by said note and secured by this mortsage. exceptin6 howevet, that said
sums shall be repaid the Mort6a6ee fotthwith upon its demand and be ~n addition to the re~ulu monthly ~nstall-
ments provided by the mottga6e note. _
3_ That the abstrac~ ~r abslracts title coverin` the mortsaged property shall at all times. durin~ the lift
of th~s mor~gage, rema~n in possess~on of the Mort6aaee and in event of the foreclosute of this mort`a~e or other
transfer of utle to the mortgaged property in eatin~uishment of the indebted~ess secured hereby. all ti`ht. t~tle
and mteresl of the ~iortga6or in and to any such abs~racts of title shall pass to the putchaser or arsntee.
4. To the extent of the indebtedness of the Mort;aEor to the A1ott~ta~ee described herein or~secured hereby,
the ~lottgagee ~s hereb~ subrogated to tht I~en or liens and'to the r~`hts of ths ownets and holders ther~of of each
and every mortga~e. I~en or other incumbrance on the Iand descNbed herein which is paid ~nd!or satistied~ in
whole or in part, out of the praceeds of the loan described herein or secured hereby. and the respective liens of
said mortgages, I~ens or other ~ncumbrances, shall be and the same and each of them heteby is preserved and shall
pass to and be held by the Mo~tgaaee herein as security ~or the indebtedness to the hlortgagee herein deacribed
or hereby secured, to the same extent that it would have been preserved and would have beon passed to and been
held by the ~1ort~agee had it been duly and re~ularly assigned, transferred, set over. and deliveted unto the Mort-
`agee by separate deed of ass~gnment, notwithsta~din6 the fact that the same may be satisfied and canctlled of
record, it being the intent~on of the parties hereto that the same will be satisfied and cancelled of record by the
holders there~f at or aboot the t~me of the recordins of this mort~age. ;
S. In the event the ownership of the mortaased premises, or any part thereof. becomes vested in a person
. other than the ~k~rtgasor, the \lortgaaee may, without notice to the 1~lortgaaor. deal with such successor or suc-
cessots ~n ~nterest N~th teference to this deed and the debt hereby secuted, ~n the same manner as with the A1ort-
~a~or w~thout in any way v~t~atin~ or discharsin` the Moctsa`or's liab~lity herounde{ or upon the debt hereby ?
secured. No sale of the premises hereby mortgaged and no forbeuance on the part of the Mort~agee, and no ex-
tension of the time for the paym~nt of the debt hereby secured Eiven by the Nortsagee shall operate to release, •
discharse. mod~fy, chanse or affect the ori`inal liability of the Morteagor herein either ~n whole ot in patt.
6. The lien of this deed secutes and shall conti~ue to secure payment ef said indebtedness or indebted-
ness, however ev~denced, whether by said ptomissory note ot any re~ewal or extens~on thereo( or substitute there-
for, or otherwise, unul all such indebtedness shal! have been fully pa~d.
Fn if:e evrni t6r mvrlg~gura ~rlF, cunvey or Jrun~~er the mvrtgaged prcmises auring tire iije aj tais inort-
gagt, th~n thes n~ortgagt shall, af ~ht oplion oj ~ht Afortgagee herein, beconu inin~ediately dut and poyabte /or th~
juft su~n oJ the pnncipal balance aid in~nes~ then dae.
8_ The tertns "Mort~asor" and "Mott`agee" w~hcnover used in thic instrumcnt shall include the heirs,
petsonal representativt~, successors and assigns of the respective patties hereto. VYherever used the sin ular
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i number shall includ~ the plural and the plural the singular, and the use of any gender shall include all genders.
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` Sign , sealed a el ted n the p sence of: (SeaU
I
~ ~Seall
~ '
~ ~
' STATE OF FLORIDA
~ COUNTY OF~K ` Ss
; ST.LUCIE ~
~ 8efore me personally appeated ESTELLE STEVENS, an unmarried WOm8t1~
to me well known and known to me to be the individuals described in and who executed the fore6oin6 instrumen~,
and acknowledged before me that they eaecuted the same for the purposes there~n expressed. WITNESS my hand
ana ott~c~a1 seal ~n the County and State last aforesaid th~s 4th Day of Mareh, 19.77.
tily Comm~ss~on Expires_ June 30, 19~~ Notary Public, State of _ 10r~ g~~fiy,,~.SY' ~
~ fILEO ANO RECOROEO ~
~ ST. LUCIE COUNTr f LA. ~~.~4~,,..• V
~ ROCER POITRAS ' . .
~ CIERK CIRCUIT COUR i c~.~ 1! C)~: v=
F RFCORD VEP.IFIEO ~-i'. lL~
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Ma~ I? 2 3s PM'7 J~ ~
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:,~'Sr:. ~t . ,~`o
~~44 ~ ? t ~1[~~ P.'1CE 9~ 9 T ~ oF~, .
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