HomeMy WebLinkAbout0217 5-41,560-4
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Ul Ih~l ~n n~Jr~ lu JC~I'Il'f.1la' Ula maturd) u~ Ihr ~nJrhtr.lnr.. hrrrh~ .c.un•J, hr.au.r uf Ihc~f~~lute ~~1 lhr .1utl~ag~~~ p.~y .m> 1:~~.
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uwrt~~~:ar ?~IJII IIhI ~)J~ 1IIC ~~n~i
• 2. The ~1u~t~gee may. J! Ill~ q~)IIOD. :lqll NIIMI~UI N71\Itl~ Ill~ righl to :iccelerele Ihr indebted~k» I~errby .ecureJ
and to fureclose the came, , a~• either i?efore or after d:liyucnry an~• ur ~II uf U~o.c mrl•rin ohligalions required by the ter~ii.
hereof to be p~id by the Mortgagor fur the pn?~ectN?n of the murtgai;e kcurity or for Ihe collectie?n of Ihe indebtedne..
hereby securecl. All sums so advanced or µ~id by the ~turt~t;~g~~e .hai~ be rharged intu d~e morl~ge ~ccuunt and becume an
integral paN thereof, subject in all respeets tu the iern~s, conJition., and co~enant. of the afore.aid promiuury no~e, and this
mortgage, as fully and to the same extent as thuugh a parl of the original indebtedne~ e~~JrnceJ by said note and secured by
this mwtgage, excepting huwr~~er, that said sums sh:~ll be repaid the Mortgagee fotthwith upon its demand and bc in :iddition
to the regular monthly installments provided by the mortgage note. ~ ~
3. That the abstract or abstracts of titk an~ering the mortgaged pr~pert}• ,hall al a0 times: during the life of thi~
morigage, rem:~in in posses~ion of the Nortgagee and in e~~ent of the fomclo~ure uf this mortgage ur ulher transfer oi t illc to .
the mortgaged property in extinguishment o[ the indebtednes~ secured I~ereby, all right, title and iuterest of the Nortgagor in
and to any such abstracts of titk sha0 p~ss to the purch~ser or grantee. ~
4_ To the extent of the indebtedne~ of the Nortg,:~gor tu the ~lortgagee described herein or secured hereby, ihe
Mortgagee is here6y subrogated to the lie~ or liem and tu the rights of the owners and hutders thereof uf each and e~~ery
murtgage, lien or other incumbrance on the land dexcribed herein which is paid and/or satisfied, in wfiole or in part, out ~?f
t!?e proceeds of the loon de9cribed hercin~or secuteci hereby, and the respecti~~e liens of said mortgages, liens or oth~r incum-
brances, shall be and the same and each ot them hereby is prrserred and shall pass tn and be held by the Murtg;~gee herein as
security for the indebtedness to the Mortgagee herein descrit?ed or herehy srcured, to the same extent that it wnuld ha~~e been
preserved and w•ould have been paa~rd tu and been held by the ~lortgagee had it been duly and regularly a~igned, trens-
[erred, set over, and delivered unto the i4ortgagec by separate deed ot a~tiignment, notwithstanding the fact that the wme
may be satisfied and cancelled of record, it being the intention ot the parties hercto lhat the same w~ill be satisfied and can-
celled of record by the holders thereof at or about the time of the recording of this mortgage.
5. In the event the ow~nership of the mortgaged premises, ur an~~ part thereof, ben?mes vested in a person other than
the Nortgagor, the #tortgagee may, without notice to the tilortgagor, dc~al w~th such successor or succe~urs in interest with
~ reference to this deed and the debt hereby secured, in the same manner as w•ith the Nurtgagor without in any way ~itiating or
discharging the Nortgagor; liability hereunder or upon the debt hereb}~ secured_ No .ale of the premises hereby mortgaged
and no forbearance on the part of the Afurtgagee, and no erten.ion oi the time for the payment of the debt hereby secured
given by the Nortgagee shall operate to relea~e, di~ct?arge, modi(y, change or affect the original liability of the ~torlgagor
herein either in whole or in part.
6. The lien of this deed secures and shall a~ntinue tu secure pa~ ment of said indebtedness ur indebtedne~.~,.hov?-e~~er
evidenced, whether by said promissory note or any renewal ~~r extension thereof or sub.titute thercfur, or otherwi~e, until all
~ such indebtedness shall ha~•e been f~lly~ paid. ,
; 7. /rr Ntc cn~e?rt the m~irtRn~un sc/!. r~»rre_r ur Irurtsfc~r tl~~~ nr~~rttJ.Xr~i l~r.c~rtisrs cluri~iX Nlr liJi~ ~r% this ~rrr,~1.~'u~c•_ Ntc~r
~ this nrrrr~~uRe sJw!!, ut Nle uptiun uj ihe tihnt~u,;~c~~ !u•rcirr. hcrr~nr~~ i+ir?~tr~/~u1e~h• Jur an~! Eaa,?•uhlc f,r ~hc~ J~~ll sruu uj ~J~c
~ pri~u•i~~al halunrr o~ul r~r<<~rest tlrc~rt drec~.
~ 8. The temis "Nortgagor" and "~tortgagec" wheitc~er u.ed in this inxtrument ~hall include the heirs, perumal mpre-
E sentatives, successurs and as~igns of the respecti~e parties heretu. 4~here~er u.ed the ~ingular iiumber shall include the plural
~ and the plura) the cingular, and the use of am~ gende~.hall inclade all eender.. ~
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Si ned, s~aled and iv d in the p ncc of: - ~i~ ~K~ ~l Sea11
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FILEO ANO RECORpEG
~ ~ 1 ST LUCIE COUNTYFI~. • .
ROCEP, POI~RfS
~ . f -r ,;.r(-UIT COU T .
- - , ; r, 4~'~Q~
~ STAl'E OF FLORIUA I ~s ~v
~ coutvTYSt. Luci1~ _ ~J4 I9 3 54 PN
~ Before me personall~~ appeared . g~j$j, $RYANT an unmarried woman '
- to me w~ell known and known to me tu be the indiriduak cjescribed in :~nd ~~ho executed the foregoing inctrument, and ;
` acknowlydged before me that they executed the same for the purpose~ therein exprec~ed. WITNE.SS my hand and ufficial sral
~ ~
~ in the County and State last aforesaid this 7th dgy of June, 1978. r~ ~ ~
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~ My Commiuiun Expires: _T~me jQ7Q- Notary Public.~tafit,~ r e ~
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