HomeMy WebLinkAbout0098 ~ Our File ~-41,556-2
Ihi~ ~n~KtKrXr ur ulhar I~ru,l.r ~~1 I~IIr lu ~hc m~.r~K.~~.•J yruprr~f ~n ~~Un~u~.bmcn~ ul ll~r nNlrhlrJnr~. +.iur.d hrroA~, all t~~hl. I~tk
~nd it~lnrrsl u( II1C AI~N~~`JK~H IO JINJ f~~ JII) inwrancr p~la~r~ Ih.n ~n t~~~cr ~hrll p~.~ 1~~ Ih. ~,u~.h.,kr ~a ~tr~u~rr.
Ihl lu prrt~~tm. cumpl> ~~ith aud abidc 1.~ ra~h aud rscty th. .Iy~UIJIN~fl\, .~~(Il'a'111COI\~ iwaJnr~n• a~K! a~~cnrnt+m w~J p~unu~..~n
nrHr anJ in Ih~s JrrJ ~rl furti~.
1~! 1 h~1 ii ~ny of v~d ~u~u~ uf m~~nr> h~tiriu ~rlrrrcd t~~ 1K• n,~l p~~~~np~l~ e~nl tull~ ~v~J ~~ut~~n fdiron J~)~ nr~t al~rr Il~r unK .r~rr~ll~
t+rcumt~ Jur anJ pa>ahlr. nr d ra.l~ ~nJ r~rry Ihr .U~~ulatn~u.. .~E~rr~nrnt.. a•n:t~la~n. ~nJ ~..~rn.~nh •~f ..nd {NUmnw~y n.~tr anJ Ih~~ '
JrcJ: ~~r rrthrr. arr ~~~,1 (ull> p~Y(t~ntrJ. c~.mphr:t ~vth .~nJ .~h~~fa•.1 1,~ . Ihr ~~~J a~i.~;.~tr .um meo~M.r~rJ ~u v~J prum~,.~~~> ~w1. ~h.~ll Ix~
.~~mr Jur and p~y~hlr furlh~~~th ur thrrr-dtrr .~1 ~hr ~q.u.ai ~~t. ~hr \t..rt~e~tra• fnll> .~od .~nuplrtrt} e. d thr ~~i.l e~tgr~~c~tr .u~n.~t ~~d
' ~um~~~.~r~ m~ta ~~a~~•t~~cin~ll) ~l~pul~~~J br p~~.l ~.n w.l~ d~~..u~>~h~nX ~u ~i.! ~y,.m~,..u> n~~tr u~ I~ctr~n tu ~t~r ru~Nt~~~ ~k.U•uhu~uJu~.
I)) IIuI in urdaY t.. ac~'rlr~alr Ihr n~atunt~ u! Ihr ~uJrblr,lnr.~ ha7rht ~raurrJ. bruu~e ~~f Ihr (rdurr r.l thr \lurtg~got t~. ~v~ rn~ 1~~.
:?~1C~~Ifla01. II;Ih1I11)~. UI~II~CdIN1O ~~t rncumta~urr u~win ~.uJ pr.•~r:~~~. h.rnn p~.~udrJ. ~t ~hall n„1 hr nrar.~t> ur rryu~utr tha~ Ih. ~
na~tl~akar ,h~ll f~nl pr~ Ihr unh•.
The Nort~gee may, at his uption, and wilhoul Hai~ing hi~ right to ac~~ler~Ir the indcbteJnc~~ herrby +ecurrd
and tu foreclu~ the same, pay either t?efore or after ckliyuencl- ~ny ur •rll uf ~huse certain ublit;atN~ns reyuired by the term.
hereot to be paid by the Mortgagur for the prutertion of 1he nwrt~rgr securit~~ ur for the cullectiun uf Ihe indebtedne~~+ ~
hereby secured. All sums so ad~~anced or paid by the ~lfort~gee .ha{I be cha~ed into the mixtgage accuunt and becumr an
integal part thereuf, subject in all respcYt~ tu the ternu, cundiliuns, and co~~i~ant~ of Ihe afuresaid prumi~wry nute, and Ihis.
mong,~ge, as tully and to the same e~?tent as though a part uf Ihe urigin~l indebtedness e~idenced by said nute ancl secured by ~
this mortgage, excepting hov?rver, ttu~t ~aid sums shall be rep:~id thc Nongagee furthwith upon it~ demand and be in 3dditic~n
to the regular monthly installments provided by the mori~ge. note. ~
3. That the abstract or abstracts of title covering the nx,rtgaged property shall at all times, during the Gfe uf this
mortgage, remain in possessiun of the Mortgagee and i~ eveat of the foreclosure of this mwtgage or other transfer of titk to
the morigaged propeny in extinguishment oi the indebledne~s ~ecured hereby, all right, title and~interest of the Mortgagor in
and to any such absiracts of title sha0 pa~ to the purchaser or grantee.
4. To the extent of the indebtedness ot the ~fortg~gur to thc Nortgegee destribed herein or secured hereby, the .
Nortg~gee is hereby subrogated tu the iien or liens a~~d to the rights uf the owners and holders thereof of each and e~rry
~ mortgage, lien or other incumbrance uri the land described herein which is paid and/or satisfied, in whole or in part, out of
the Qmceeds of the loan described herein or secured hereby, and the rrspecti~e liens of said mortg,ages, liens or other incum-
brances, shall be and the same and each ot them hereby is pmserved and ~hall pasc to and be held by the ~lortgagee herein.~s
security for the indebtedness to the Mortgagee herein described or hereby secured, to the same extent that it would ha~r been
pteserred and v?•ould have been pas.~ed to and been held by the 14ortgagee had it been duty and regularly assigned, trrns-
terred, set over, and delivered unto the Mortgagee by separate deed of assignment, notv?~ithstanding the fact that the same ~
may be satisP~ed and cancelled ot rec~rd, it being the intention of the panies hereto that the same w~fl be satisfied and can-
~ celled of n~or+d b~ the holders thereof at or about the time ot tt~e recording of this murtgage.
' S. In the e~ent the ownership of the mortgaged premises, or any part thereof, becexnes Nested in a persvn other than
the ~tortgagor, the ~tortg~gee may, v~~thout notice to the Nortgagor, deal with such sucePSSOr or wme~ors in interest w•ith
reference to this deed and the debt hereby secured, in the same manner as with the Nort~gor without.in any way vitiating or
discharging the Mortgagor ~ liability hereunder or upon the debt hereby secured. ~o sale ot the premises hereby mortgaged
and no forbearance on the part ot the Nortgagee, and no raten_iiun of the time tor the pa~ment of the debt hereby secured
given by the Nortgagee shaU operate to release, dischar¢e, modity, change or affect the original Gability of the ~loitgagor
herein either in v~hole or in part. _ ~
6. The lien of this deed secures and shall continue to secure paymrnt of said indebtedness or indebtednecc, howe~Yr
evidenced, whether by said promissory note or any renewal or exten~ion thereof or wbstitute tl~erefar, or otherv?i~, until all
~ such indebtedness shall have been fully paid. '
~ 7_ !n N~t• eriitt llre mortRaK~,n s~•!l, e•~»n•c~r ~,r ~ru~~stcr ~/rr ?n~~rtKu,¢ed pre~~~rsc~s clt~ri?rq tlte ltfe ~?j lhis nr.,~I~ak~c. then
rJus nrortgaRe slm!/. at Nie opti~,rt ~;J 1/te :t1ur~Kuqcc• lrc~reir~. h~~i ~,r~ic ii?rmccliutrlr Ju~ a~e~l ~b~•ahle~ l~,r rtrc jr~l1 su?~~ ,~j rl,c~
~ pllitri(W/ /xlluli~'C u~tt1(?tlelt'St Ih(v~ duc~.
8. The terrr~s "Nortgagor" and "Mortgagee" w~hene~rr used in this instrument shaU include the heirs, penunal repre-
sentatives, successors and assigns of the respectire parties hereto. 1Vhereter useJ the si~~ular number shall include the plural
¢ and the plural the singular, and the use of any gender shall include all genden.
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Sigded, sealed ive~d in the prese e of: .v iSea11 _
:
~ , ~2ECORDE~ ISeal)
~ . , ST. LUCIE
~ ROCEP P01tR+?S
~ : P~ ~;~cCUIT C R
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~ STATE 6F FLORIUA I~ J~y I 9 IU S9 -~N o ~ -
~ cou~vr~r QF~H ~
y ~{oce me peresonaUy appeared ISABEL V. MALO, an unmarried woman
k,
to me well know~n and known to me to be the indi~~iduals deicribed in and who e~ecuted the foregoing instrument, and
~ acknoN~ledged before me that they executed 1he same For the purpose. therein e~pre~sed_ WITNESS my~nd otficial seal _
~ in the County and State last aforesaid this 7 th d8y o f Jul~e ~ 1978. • ~
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~ My Commission Expire9: -.1une 30, 1979 Eliatary Public. Si~ltr ef e
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