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Home My WebLink About2472 _ 1 ' Our File 5-44.749-0 E this•mrrrt~aje w otlrrr transfer ut title to the murt~:grd pnrprrty in eztirr~uishmenl of the indehtedness secured hereby, sa ri~At, tick t and interest of the 1dwtQaRor in and to any insurance policies Ihrn in fo?ce sha8 pass to Ihr purchaser w ~rantre. (h)To perWrm, etirmply with and abide by rrch and curry the stipulations, asrrrmenis, cunditirrns and covenants in said promissory note and in this deed set forth. (i) 'that it any of srid sums of money herein referred to be• not promptly and fully paid within fifteen days nett atltr the same serenity bearomes due and payahk, or it each and every the stipulations, a~rermrnts, pond~tium and covrrgnls of saW promiwrry nntr and this deed, or either, are not fully performed, mmplird with and abided hy, the said aarrple sum mentwrnrd rn said pmmisWrry mote shall be- come due and payable forthwith of thereafter at the opliton ut the hHorl~a;ee as lolly and aompletrly as if the Grid a6~repte sum of said } promissory Hole ssas originally stiputaled to be pair) on such day, anylhirrR in said promiswry rwtr or htrein to the Mntrary rrrrtwilhstandirrt. (j) That in order to accelerate the maturity of the indrblydnrss hereby secured, because ut the failure of flee MurlYa~or w pay any taz, , assessment. IiabiGty, oAlisation a encumbrance upon said pwperty, as herein pruvirlyd, it shall nrol hr nerrssary or reWuisitr that the rtnortgattee shall first pay the same. 2. The Mortgagee may. at his option. and without waiving his right to accelerate the indebtedness hereby secured and to foreclose the same. pay either before or after deliquency any or all of those certain obligations required by the terms hereof to be paid by the Mortgagor for the protection of the mortgage security or for the rnUection of the indebtedness hereby secured. AU sums so advanced or paid by the Mortgagee shah be charged into the mortgage account and become an integral part thereof, subject in all respects to the terms. conditiolu. and rnvenants of the aforesaid promissory note, and this mortgage, as fully and to the same extent as though a part of the original indebtedness evidenced by said note and secured by this mortgage, excepting however. that said sums shall be repaid the Mortgagee forthwith upon its demand and be in addition t to the•regular monthly installments provided by the mortgage note. ~ 3. That the abstract or abstnds of title covering the mortgaged property shall at aU times, during the Gfe of this mortgage, remain in possession of the Mortgagee and in event of the foreclosure of this mortgage or other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby. all right, title and interest of the Mortgagor in _ and to any such abstracts of title shag pass to the purchaser or gFantee. r 4. To the extent of the indebtedness of the Mortgagor to the Mortgagee described herein or sectued hereby, the Mortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each and every mortgage, Gen or other incumbrance on the land described 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 respective Dens of said mortgages, liens or other incum- brances, shall 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 described or hereby accrued, to the same extent that it would have been preserved and would have been passed to and been held by the Mortgagee had it been duly and regularly assigned, trans- ferred, set over, and delivered unto the Mortgagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it being the intention of the parties hereto that the same will be satafied and can- celled of record by the holders thereof at or about the time of the recording of this mortgage. S. In the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the Mortgagor, the Mortgagee may, without notice to the Mortgagor, deal with such successor or successorsin inir'rest with reference to this deed and the debt hereby secured, in the satne 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 Mortgagee shall operate to release, daschacge, modify, change or affect the original liability of the Mortgagor ! herein either in whole or in part. 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebtedness, however evidenced, whether by said promissory note or any renewal or extension thereof or substitute therefor, or otherwise, until all t i such indebtedness shall has~e been fully paid. ° 7. !n the event fire nrortgagurs sell, convey o~ tmnsfer the mortgaged prcntise s duRng the lije of this mortgage, then this mortgage shall, at the option of the Afortgagee hen in. become immedi~rtety due and payable for flee feat sw?r ojtl:e principal bulunce and interest then dt~e. 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, personal repre- g sentatices, successors and assigns of the respective parties hereto. Wherever used the singtlar number shall include the plural and the plural the singular, and the use of any gender shag include all genders. s - S' ed,seale li i e presenceof: • Seal) , (Seal) a F STATE OF FLORIDA s CouNTY of n~co~x ~ ~ St. Lucie EFFIE HAMILTON, an unmarried woman and - Before me personally appeared EIrII~A B . SUMPTER, an unmarried woman s to me well known and known to me to be the individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the proposes therein expressed. WITNESS my hand and official seal - in the County and State last aforesaid this grid day Of June, 1979 r - t 4~ 1-...~ e 3 ~ ,r K June 30, 1979 Nota Public, state~of•P` Y' My Commission Expires: ry - - _ , ' s ~Z9 J'JII 18 A!1 I I ~ 58 = - , ' _ ~ _ ~ = i ffIlEO xhG rtCt?HuiO - ~ ' c~ SLLUCIE CWJHTY.F A. ~o,'~' v CIOLK310 ryCt~G4't1 ti°w~tctecutc~ -v"~•~'L~'' ~ P,ECCRO•YER!F!EO i