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Home My WebLink About0395 our file ~5-37,480 iA~. mw~~a~e w o~hr~ ttans(c~ ul t~tle ~u ~he mor~~a~cd popsrty ~e tuin~uuhmeot W IAt ~nAebtednt+~ ~eawcd h~u~y, rU u{A~, uUt :m1 ~n~ere.~ o( tAe A1w~r~{ur ~n and to any ~esurance pol~c~ea ~hen m(o~ce shall paas to the pu~cArse~ ix ~~~n~te. /AI Tu pe~f~vm, c.n+ply rr~tA ~nd ab~de by esch and everY tAe st~pul~t~ons. a~~eemems, cond~~~ons and covenams ~n ~•~d prum~~say note and ~n ~h~. dee~ :e~ (or~h. (~1 Th~~ ~1 •ny uf ~aia suma u( m.x~ey here~n relened to be not ptanptly and (ully pa~d r~~A~n (~fleen dsy: nti~ sl~er the ssme uverslly Decanes Jue and paYaAle.a ~f each and every tAe st~pulat~ons. ~treemen~s..ond~~uMS and coven~nts o( ss~d poa~~s. say n.•~e and ~Ms deed, or e~tAe~, ue not fully pt~(urs~ed, caspl~ed W~th and ab~ded e~~, ~Ae ,~id a«re~~~e swe menuoned ~e asid p~wn~yio~y note shsll Secoe~e due snd payable fatA~~~h a the~e~Iter •t tAe opl~on o! the Nw~~a~ee as (ully ~nd complelely ss ~t the sa~d a~~re~a'~ sw~ o( a~~d prom~aswy note ~r~s a~~ma{IY shpul~ud to be pa~d on sucA d~Y. anythm~ m sud pwn~ssory oote o~ Acrein to the comrsry noi~~thst~nd~n~. TAat ~n order io ~ccelera~e ~ht mstur~ty ot the rndebtedness hereby secu~ed, because ol tAe ts~lure ot ~De \Iw~~a~ur ~a pay any taa, . asse.smeni, {ub~hty, obl~~~uon ro rncumbrsnce upon sa~d p~nper~y, as here~n prov~ded, shall eo~ be neres>ary or reqwsue ths~ tAe mwt~a~ee shall (ust pay tht ssme. 2_ The \lortgagze may, at his option. and without waiving his right to accelerate the indebtedness hereby secured and to forecl~~se the .ame, pay either before ar after delinque~cy any or all of those certain obligations tequited by the terms hereof to be paid by the 1~iottgagor for the protection of the mortgage security or for the col- lection of tht indebtedness hereby secured. All sums so advanced or pa~d bv the Nortgagee shall be chatged into the martgage account a~J become an ~ntegral part thereof, sub~ect in all respects to the terms, conditions, and covenants ot the afar~said prom~ssory note. and this mortgage. as fully and to the same extent as thou6h a part of the original indebtedness evidenced by said note and secured by this mortgage. excepting however, that said cums shall be repaid the ;1lortgagee forihwith upo~ its demand and be in addition to the regular monthly install- ments pravided by the mottgage note. ~ 3. That the abstract or abstracts o[ title covering the mortgaged property shall at all times. duting the life. uf this mortgage, remain in possession of the hlortgagee and in event o( the foreclosure of this mottga6e ot ather transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby. all right. title and interect of the ~lortgagor in aed to any such abstracts of title shall pass to the purchaser or grantee. 4. To th~ extent of the indebtedness of the Mottgagor to the Mottgagee described hetein ot secured hereby, the !~lortgagee ~s hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each and every mortgage, lien or other incumbrance on the land desetibed herein which is paid and!or satisfied. in whole or in part, out of the proceeds of the loan described herein or secured hereby, and the resp~etive liens of said mortgages.liens or other ~ncumbrances, shall be and.the same and each of them hereby is preserved and shall pass to and be heid by the Nortgagee herein as security for the indebtedness to the I~lortgagee herein desctibed or hereby secured, to the same eatent that it would have been preserved and would have been passed to and been held by the \lnrtgagee had it been duly and regulatly assigned. transferred, set over, and delivered unto the Mort- gagee by separate deed of assignment, notwithstanding the (act that the same may be satisfied and cancelied oi record, it be~ng the ~ntention of the parties hereto that the same will be satisfied and cancelled of record by the hotders thereof at or about the time of the recording of this mottgage. 5. 1~ the event the ownership o[ the mortgaged premises. or any part thereof, becomes vested in a person other than the ~lortga6or, the \lortgagee may, without notice to the Mortgagor. deal with such successor or suc- cessors i~ interest w•ith reference to this deed and the debt heteby secured. in the same manner as with the A1ort- gagor Kithout in any way vitiatiog or dischatging the Mortgagor's liability hereunder or upo~ the debt hereby secured. No sale of tiie premises hereby mortgaged and no [orbearance on the patt of the Mortgagee. and no ex- tension of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to release. discharse. modify, change or a[fect the original liability of the Mortga6or herein either in whole or in part. 6. The I~en ot this deed secures and shall continue to secure payment o[ said indebtedaess or i~debted- '~f ness, however evidenced, whether by said promissory note or any renewal or extension thereof or substitute thera ; lor, or otherwise, until all such indebtedness shall have been fully paid. ' 7. In the even~ ~he ?nortgagors sell, convey or transJer Ihe morlgaged p~emises du?ing the liJe oJ this rnort- f gage, then th~s moitgngt sha!!, at ~he oplion oj lhe hfortgagee herein, become ininiediately due and paya6le Jo~ the ~ Jull sum oJ the pnncipal bolance- and interest then due. ; 8. The tertns "Mottgagor" and "Mortgagee" whenevet used in thic instrument shall include the heirs, ~ personal representativc:, successors and assigns of the respective parties horeto. Wherever used the singular ~ number shall include the plural and the plural the s~ngulat, and the use of any gender shall include all genders. ~ ~ ~ Si ed, sea d d ~vere in the presence of: ~(S)eal) / " ~Seal) i STATE OF FLORIDA ~ COUNTY OF ~K j ss ST.LUCIE ~ Before me personally appeared JOSEPH R. BRENNEN at?d LEURTE ROYIIt BRENNEN~ his wife ~ to me well known and known to me to be the individuals described in and who executed the foregoing instrument, ~ and acknowledged befote me that they executed the same for the purposes thete~n eaptessed. WITNESS my hand ~ and official seal in the County and State last afotesaid this 6th Day Of I"II8y~ 1977. ~ ~ ~ = ~ ~ ~ . , 11y Comm~ssion Expires: __.Tune 3O, 1979 Notary Pu lic, State of . lOr3.d8 @ ~ - ^ ~ ~ FILED AMO RECORDi.~ _ ' ~ Y _ ~ ST. 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