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Home My WebLink About0308 . ~ 5-41 232-0 ; Ihi~ m~ul~aYr ut ulhc~ I~~~n(rr uf lillr lu Ihe nuKl~ee~rJ pruprrl~ in raungui~hmaal uf Iha inJchlrJnrs~ +.currJ h~rrhy, all righl. fitk . and inlr~rat ut Ihr \tu~IgaKur in rnd lu anY imutaurr p~Gcics theo m furcr.l~~ll ~u.~ w thr pa?ch~xr o~ grantcr. (hll~? ~rrfurm. a~o~ply N~th anJ ~biJr hy .rch aud rvrry thr clipulaln~n~, aKtrrmrob, run~titM~m a~Kl currnanl~ in s:i~d p~umi~w~ry notr and in this JrrJ srl torlh.. (i) l ha! if any of ciid ~um~ ol n~unry I~rrc~~~ rrfrr~rJ 1~~ hr iw~~ ~u~~mp11~ and (ull~ {u~J ~~uh~n (dlern J~~~ nr~~ r(~rr Ihr ~an~r ~r~~rell> l+rr~~mrx Jur.and pr?~hlr, ot rrrh anJ r~av~ Ihr ~1~pul.~lwm. .~~[trrmrulc, rua.l~l~~n~ ~nal a~~riunl~ uf w~d ~a~~~ni~wry uulr an~ Ih~~ JtrJ, ut rithrr. ~rr ia~l ~ull> p.Yfu~mrJ. .~~oiplkJ .~~~i~ ruJ a1~~Jed hy~, thc v~J a~:}rcxalt ~Um mrnlN~nrJ m e~~it prum~.wry uula ~I~~II br- cumr Juc JIIA ~]~'JDIt ~~NII1NIlI1 ~~r Ihrrratltr a~ Ihr ~•ph~~n ut Ihr ~1~~r~~o~rr a~ fully and lV~p1~1Ir'ItI~ J] 1~ Illl` vid ~KgrrKa~r .um ~~1 .:w~J {r~rm~~w~r3 n~~lt ~~ac~K~~t~n~lly ~I~pulrt~J 1~~ hr pakl ~~n.u:h aL!). J11)tlllfl~ 10 cf1A ~Y~~IIINVH \ Il~~la ~H Iltfl'IO U~ IIIN aYl11~f7f} IN11\\IIII~I:l111IlOF. (j) Tlwt in orJrr tu ar~rlrrrlr U~r niatu~ity uf Ihr inJr6t.Jne.~ hrr.h~ xtiur~J, hrcau.r nf Ihr f~ilurc o( thr A1urlg:y~~~r lu {+:~y any tati, assrs~mr~t, liahility, uhliKala~n ur rmumMrnrr up~n .:ud pn~{x~~>'. a~ hcrr~n pt~~valrJ. il shrll nul br nrrc~+ary ur rryui.Nr Ihal 1hr ~ motlg:qtrc .IuU firsl {uy lhr ~u~r. 2. The Mortgagee may, at his optiun, and withuut wair•ing his right to acrelerate the indebtednr~ hereby secured i and to foreclose the same, pay eitl~er before or after deliyuency any or all at thuse ceNain o6ligations reyuired by the termc hereof to be paid by the Murtgagur for the protectiun uf the murtgagc security or for the cullectiun of the indebtedness hereby secured. All sums so advanced .or paid by the Nortg,~gee shal~ be charged i~to the mortgage account and becume an ~ integral part thereof. subject in aU ~apects to the terms, condilions, and covrnan~s of the afore~.vd promistiory note, ~nd this mortpge, as fully and to the same extent as though a pan of the original indebtedness e~~denced by said note and secured by this mortgage, excepting howerer, that said ~ums shall be repaid the Mortgagee forthwiih upon its demaud and be in acldilion to the regular monthly installments provided by the mortg,~ge note. _ 3. That the abstraN or abstracts of titk covering the mortgaged property shall at ap times, daring the Gfe of this mortgage, remain in possescion of tbe Mortgagee and in ~event of the tareclosure of this mortgage or other transfer ot title to the mortgaged propeirty in ex~inguishme~tt of the indebtednesc secured hereby, all right, title and interest of the Murtgagor ~n and to any such abstracts of title st~aQ pass to the purchaser or grantee. - 3. To ihe extrnt of the is~debledses~ss of the Mor~~gor !o the ~l~rtgagee de-~rihed herein or secured hereby. the Mortgagee is hereby subrogated to the lien or liens and~to the rights of the ow~ners and holders thereof of each and e~ery mortgage, Gen or other incumbrance on the land described herein which is paid and/or satisfied, in whule or in part, out of - tht proceeds of the laan described hercin or secured hereby, and the respectivr liens of said mortgages, liens or other incum- bcances, shaU be and the same and each of them hereby is preserved and shall pass to and be held by the MortgAgee herein as security for the indebtedness to the Mortgagee herein describecf or hereby secured, to the same extent that i't would have been preserved and would have been passed to and been held by the Nortgagee had it been duiy and mgularly assigned, trans- ferred, set o+~er, and delivered unto the Mortgagee by separate deed of assignment, notwithstanding the faci that the. same may be satisP~ed and cancelled of reoord, it being the intendon of the parties hereto that the same will be satisP~ed and can- celled of record by the holders thereof at or about the time of tt~e recording ot this mortgage. ~ 5. In the event the ownership of the mortgaged premises. or any part thereof. becomes vested in a person other than the Morfgagor, the Mortgagee may, without notice to the Mortgagor, deal with ~ch successor or successors in interest with reference to this deed and the debt hereby secured, in the same manner as with the Mortgagor without in any way vitiating or ~ discharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the Mortgagee, and no extension of the time for the payment of the debt hereby secured given by the Mortg,agee shall operate to release, discharge, modify, change or affect the original liability of the Mortgagor herein ei~her in whole or in part. 6. The lien of this deed secures and shall continue to secure paymeot of said indebtedness or indebtedness, hovrever li evideneed, whether by said pmmissory note or any renewal or extension thereof or substitute therefor, or otherwise, until all ~ such indebtedness shall have been fully paid. - ~ 7. /n the event the nri~rtga~,rs scll. cunvev ~?r lra?isjcr the mortgogcd pmnrises durrng N~e life oj this nrnr~Rage. t/ren this nrtxtgage shall, at the optK~n uj the ,4lurtgagce llcrein, heca~te intnreclia~elv due aiul pn?•able jur ~Ile Jid! s~un ~~j the ~ : principal bala~x•e a?d r~rterest lhen clue. . _ ~ 8. The tern?s "Mortgagor" and "Mortgagee" w-henever used in thic instrument shall include the heirs, persunal repre- - ~ sentatives, successors and as~igns of the respective parties hereto. Wherever used the singular number shall include the plural ~ and the plural the singWar, and the use of any gender shall include all genders. ~ • ~ Signed, sealed a del've m~le presence of: . ~a~1 i ~ ( $e8) t /~f,~.~ c ,~c~., /~1.~.Q~..~. _ ' ~ ~ STATE OF FLOR(DA l ~ courvrv oF~~ ~t. Lucie Before me personally appeared ALEXANDER MELVIN and. FLORENE MELVIN, his wife ; to me vrell known and known to me to be the indi~iduals described in and wfio executed the foregoing instrumeut and. ,t~, j ~ adcnowledged before me that they executed the same for the purposes therein expre~ed. WITNESS my hand an~,~1f~' ; ~ . _ ~ in the County and State 4~st aforesaid this 2$t~l dS31 of April, 1978 j1~.~"'~~.n' • o', ' ~ ' ' ~ `~~.i',~ ` ~ ~.s ~ ~ "~.~~",~t ! _f~ ~ ~ 403'y$1 = : _ : ~ : _ ~ M Commission Expires: JuII@ 3O, 1979 Notary Public. State of F1 t' '~Q= " ~ Y b.. . : i~~~' ~ N,`~ RUEO . itEC~ € ~ rs~`~~ E PO TR?~S`~ • ~ ~ AOGE iRCU~n COU 8~ s ~ - C~CRK C, , 1E O~ ~ ' ~.r1 /I~ ~ ~ ~ 2 og PM'18 MAr 16 ~ ~ - ~ = ~ ` P = ~ ~~.:v~ .