The URL can be used to link to this page

Home My WebLink About0400 our file ~5-37,329 ~A~r mor~p~e w o~Aer tnos(a ot u11e Iu ~he mor~~a~ed ~roOsrty ~e eaun~u~sAment m Ihe ~ndeDUdeess .c.u~cd Aercey, all r~~~i, u~le s~d ~n~etes~ of 1At Mw~~~{w ~n and lo ~ny ~nsurance Polie~es ~Aen ~n (ace sA~l) Pss• to ~he purchsser o~ ~~an~te. (h/ To perfan~, c.raply rr~1h •ed ae~0e by eacA ~nd e~s~y tAe sl~pul~UOas, ~~ree~aents, coed~t~ons and covenants ~n s~~d prwe~ssay no~e snd ~n tA~s deed ae~ tatA. (~1 TAat ~ny of as~d sust ol woaty Ae+e~e rt(erted to bt not p~o~ptly ~nd fully ps~d ~~~h~n f~f~etn Qsys nta~ sller tAe ssme sererslly becases due snd payasle,a ~f eacA and evtry Uee st~pYl~~~oas, ~~~eesents, rond~uoea a~d covenanu ot ss~d ~on~is- say notc and tA~s deed, w ti~he~~ ~re not tully oe~fp~wcd. cowplied ~~tA and sb~ded by, ~he ~a~d s~sre~s~e sua? n?en~~oeed ?n ss~d proaussay nott sAsll Secaee due and pay~ble fatAr~U~ or tAe~ea(~er ~t tAe opuon of ~he Morls~~ee ss fully and casple~ely as d Me • s~~d s{~rep~e sus of sud pronu~es~ory note ~r~s a~~m~lly suoul~~ed 1o be pa~d an aucb d~y. anyM~n~ N~ s~~d ptaa~ssory eote ot %sre~n to the coeusry notW~~hstand~n~. ) Tha~ ~n order to acceler~~e tht matunty of tAe indestedness Aeresy secwed, becauae ol tAe (s~lure ot iAe Mor~~s~or ~o pay sny ~sa, assess~aen~, lus~l~ty, osl~sauon or enrwnbrance upon s~~d p~npe~iY. ss Aereie prov~ded, shsll not bt nt~esc~ry or reau~s~tt ihat the mort~s{ee sh~ll f~~st psy tAe same. ~ - 2. The !~tortgagee may, at his opt~on, and without waivin~ his ri~ht to accelerate !he indebtednesa hereby socured and to foreclose the same, pay either before or aftet delinquency any or all of those certain obJi~atie~ts- requi~ed by the terms hereof to be paid by the Mott~a`ot for the protection of thr mottgaae secutity or for the col- lection af the indebtedness hereby secuted. All sums so advanced or paid by the Mortgagee shall be chat~ed into the mor~gage account and become an integtal part thereof. subject in all cespects to the terms, conditions, and covenants of the aforesaid promissory note. and this mottga~e. as fully and to the same eztent as thoudh a part of the orisinal indebtedness evidenced by said note and secured by this mortgage. excepting howevet. that said sums shall be repaid t~e Mortgagee forthwith upon its demand and be in addition to the regulat moathly install- ments provided by the mott~age note. 3. That the abstract or abstracts of title coverina the mort~a~ed propetty shall at all times. durin~ the life of this mottgage, remain in possession o( the Mortgagee and in event of the foreclosute o[ this mort`a6e o~ other transfer of title to the mortgaged propetty in extin~uishment ot the indebtedness secuted hereby. all ti~ht. title and interest of the Muttgasor in and to any such abstracts of title shall pass to the purchaser ot 6rantee. 4. To the extent of the indebtedness of the Mottaa~or to the Mort~asee described herein or secured hereby, ihe Mortgasee is hereby subroaated to the lien or.liens and to the rights ot the owners snd holders thereof of each and every mortga6e, lien or other incumbrance on the Iand desctibed hecein which is paid ~nd!or satisfied..in whole or in part, out of the proceeds of the loan described herein or seeured hereby. and the respective liens of said mortgages, liens or other incumbrances, shall be and the same and each of them hereby is preserved and shall . pass to and be held by tht Mortgagee herein as security for the indebtedness to the Mortgagee herein described or hereby secured, to the same extent that it would have been preserved and would have been passed to and been hetd by the 111ortaa~ee had it been duly and tejularly assigned, transferred, set over. and deliveted unto the Mort- gagee by separate deed of assignment, notwithstandina the lact that the same may be satisPied and cancelled of tecord. it being the intention of the patties hereto that the same will be satisfied and cancelled of record by the holders thereo[ at or about the time of the recordina of this mortsaae. ~ S. ln the event the ownership of the morttased premises. ot any patt thereof. becomes vested in a person other than the !1lortgasor. the Nortga~ee may, without notice to the Mortgaaor. deal with such successor or suc- ~ cessors in interest with reference to this deed and the debt he~eby secured. in the same manner as with the Mort- - gaaor without in any way vit~atina or dischar`ins the Mort~a`or's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mort~ased and no forbeuance on tho part of the !Nort6a~ee. and no ex- tension of the time fot the payment of the debt hereby secured siven by the Mottgagee shall operate to release. discharse. modify. chanse ot a[fect the original liability of the Mort6aaot herein either in whole o~ in part. ' 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted• : ~ ness. however evidenced. whether by said ptomissory note or any renewal or extension thereo[ or substitute there- ! for. or otherw~se, until all such indebtedness shall have been [ully paid. E 7. !n the event rhe mortgagors sell. convey or transjer ?he mortgaged p~emises during the !i/e oJ this mort- ~ gage, then this mortgagt shelt. nt the option oJ th~ Aioitgagee herein, 6eco~ne i~nmediarely due ond paya6le jor the - Jull swn oJ the piincipal balance and inre~est th~n due. 8. The tenns "Mortsaaor" and "Mortsagee" when~ver used in thic instrumeot shall include the heirs. ~ pcrsonal representativ~~, successors and assians of the respective parties hereto. Wherever used the singular number shall include the plural and•the plural the singular, and the use of any gender shall include all genders. Signed. s aled and li e e presence of: ~.G~ (Seal) ~~~vr-r!J . ~Seal) STATE OF FLORIDA ~ COUNTY OF ~~C 1 ss - ST.LUCIE ~ . Before me personally appeared JOHN H. COFFING and ELVA E. COFFING ~ his wife, ~ to me well known and known to me to be the individuals desctibed in and who executed the foregoing ~nstrument, ~ and acknowled6ed be(ote me that they e:ecuted the same fot the putposes therein exprossed. Wli NESS my hand ~ and offic~al seal ~n the County and State last aforesaid this l~+trl D8y of Apr 1977 ~ ~ ~ ~ , ' ~ My Commission Expiros: JuIIe 30, 1979 Notary Publ~c, State of F1,0 ~;~~ge • \I ` _ " c~ ~ - ~ - - ~N~RfIA. 'I ^ , .:o= . s .~iR~po~TCO~at / . ~ £R~, ~{R~ u~~ ~ 3s40f 5 . ~ sj a ~ . r. , , Ac~ 25 !1 4? AH'~~ o zs7 f~ ~c~ ~ .