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Home My WebLink About0214 • our file ~5-37,566 tAis n~w~~~se ur oiAe~ tr~nsle~ ol h~le 1u ~he sonsa~ed poperty ~a eaun~u~sA~sen~ 01 tAe ~ndep~e~ness .e:u~cd ~e~ee). ~11 ~~~A~, ~~~le and ~nterest ol ~Ae Mw~~a{ur ~n and lo any ~nsw~nce pol~c~es ~hen ~n torce sA~ll pass to ~he purcA~sc~ w~ran~ee. ihl To peric.nn, c.~piy rr~t1~ ~nd ?brde hy Nth 1nA evtry tfi! ll~pul~l~oef. apeemeots. cond~i~ons and covenan~s ~n s~~d pruw~ssay notc and ~e ~h~r deed se~ fatA. I~ ) TAa~ d sny of sud swuc o( a~oneY ~ers~n refer~ed to bs not promptlY anA tully Pa~d ~itAin hUsen Qsys neal sAer tAe sime sererslly becon?es due and p~yable,a ~f e~ch snd every tht s~~prl~~~oes, a{~eesenis, con,l~~~ons ~nd co~ee~nts o( sa~d ~o~~s- aay nute snd ~A~s Aesd, o~ tuAer, •re nol (ullY perforwed, coa~pl~ed +rNh snd as~ded py, ~A~ .s~d a~~~~=~~~ aww w+ewaened ~w sa•A paa~sswy note sAill secme due and psYable fathW~tA a thers~(te~ •t tAe opt~on ot ~he Mor~{s~ee as fully an0 completely ss ~f tAe s~~0 a{pe~ate auw of s~~d pwn~~aorY note rr~s o~~~~nally s~~Pul~ted ~o Se ps~d m sucA d~y. ~nytA~n~ ~n s~~d prae~sswy nete or here~w to tAe comr~ry not~ruhsund~e~. 1 Tl+at ~n order to accelerate ~Ae autunty ot ~At ~ndeptedness Aerepy secwed, ~ecause ol the (a~lure of ~he Mw~~~~a ~o oay sny ua, ssseasment, I~ab~1~1Y. obl~{~taon or encumA~ance upon ss~d propertY. ~s here~n peov~ded. ~f shall not be nectsaary or repu~s~te ~hs~ the mat~a{ee shall (~rs~ psy the sase. 2. The Nlottgagee may, at his option. a~d without wai~ing his right to accele~ate the indebtedness heteby secured and to foreciuse the same, pay either before ot after delinquency any ot ail of those eettain obli~ations tequired by the terms hereof to be paid by the Mort`aaot for the protection of the mottga`e security o~ for the col- lection of the indebtedness he~eby secuced. All sums so advanced ot pa~d by the Nortgaaee shall be charaed into the mortgage account anJ become an intearal part thereof. subject ie all respects to the terms, conditions, and covenants of the aforesaid promissory note. and this mottgage. as fully and to the same extent as thouah a part of the orisinal indebtedness evidenced by said note and secured by this mort~a~e, exceptin` however. that said sums shall be repaid the Mortga~ee forthwith upon its demand and be in addition to the regulat monthly install- ments provided by the mottsa6e note. 3. That the abstract or abstracts of tiUe coverin~ the mort~a~ed nronerrv shall at all times_ durin. ~1~~ I~f. _ . - -----o of this mortgase, remain in possession of the.Mottsaaee and in event of the fo~eclosure o( this mortta6e or ather transfet of title to the mortgaged property in extin~uishment of the indebtedness secured hereby. all ti`ht. title and interest of the Mott6aaor in and to any such absttacts of title shall past to the purchaser oc arantee. 4. To the extent of the indebtedness of the Mott`a~or to the Mottaa~ee described herein ot secured heteby, the Mortgaaee is hereby subroaated to the lien ot liens and to the ti6hts of the ownets and holdets thereof of each and every mortgage, I~en or other incumbrance on the land desctibed herein which is paid and!or satisCed. in whole or in part, out of the praceeds of the loan described herein or secured hereby. and th~ respective lien: of said mortgages, liens or other incumbrances, shall be and the same and each ot them heteby is presetved and shall pass to and be hefd by the Mort6aaee herein as security tot the indebtedness to the Mortgagee herein described or hereby secured, to the same eztent that it would have been preserved and would have been passed to and beeo held by the ~lorteagee had it been duly and re`ularly assigned. ttansferred, set over, and delivered unto the Mott- gagee by separate deed of assig~ment, notwithstsndina the Eact thtt the same may be satisfied and cancelled of record, it be~ng the intention of the puties hereto that the same will be satisfied and cancelled o[ record by the holders thereof at or about the t~me of the recordins of this mott`a~e. S. (n the event the ownership of the mort~a6ed premises. or any part thereof. becomes vested in a person other than the !Norigaaor. the lrtort6a`ee may. without notice to the Mort~aaor. deal with such successor or suc- cessors in intetest with reference to this deed and the debt heteby secured. io the same manner as with the Mort- ga~or without in any way vitiating or dischargin~ the Mortga~or's liability hereunder or upon the debt heteby secured, f~o sale of the premises hereby mortga6ed and no [orbeara~ce on the part af the Mortsasee. and no ex- tension of the time for the payment of the debt hereby secured ~iven by the Mort6aaee shall operate to release. j dischar`e, modi[y, chanae or affect the orifinal liabilety of the Mortga~or herein either in whole or in part. ~ b. The lien of this deed secures and shall co~tinue to secure payment of said indebtedness or indebted- ! ness. however evide~ced, whether by said promissory note or any renewal or eatension thereof or substitute there- i for. or otherwise. until all such indebtedness shall have been fully paid. ~ 7. In ~he eveni the n~ortgagors seJl, convey or transJer the mortgeged pre~nises during the li j~ oj this mo?l- gage, thtn this nior~gage shcll, at the option oj th~ Alor~gaget herein, 6eco?ne irnmediutely due and payable jor th~ jull swn oJ the principol 6alance ond interest lhen due. i 8. The tertns "Mort~a6or" and "Mottga6ee" when~ver used in this instrument shall include the heirs, personal representativ~s, successors and assigns of the respective parties hereto. Whorever used the singular ~ number shall include the plural and the plural the singular, aod the use of any gender shall include all genders. ~ ~ . Signed, aled d 1' ered in presence of: ~ (Seal) ~Seal) f . ~ ~ - STATE OF FLORIDA ~ COUNTY OF ~Xgg ss ST.LUCIE ~ FRANCES E. RII~ROUGH, an unmarried woman, also Belore me personatly appeared known SS FRANCIS KIA'IBROUGH. ~ to me well known and known to me to be the individuals desctibed in and who executed the foresoins ~nstrument. and acknowfed6ed before me that they executed the same for the purposes therein expressed. WITNESS my hand ~ ~ and off~c~al seal in the County and State last aforesaid this ZZSt DS}1 of May, 1977. x ~ y i 1 ; . ~ ~1y Comm~ssion Expires: _,TULIe 3O, 1979 Notaty Public State of FL(~ El ~ H ; r~ l.J, ~ y \l ' . _ . ~r . / : iL - / 'J . . ~r , BOuK~69 PAGE 2~~ . ~ rY..:_ .