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Home My WebLink About1240 - , 5-44,911-6 Ihis m~Klra=o or •~thrr Iransfrr uf tilk lo ihr miwtXaKrJ pn~prrly in r?linauishme~H ut Ihr inJrAlrJnr:~ srrurrd hrrchy, a8 righl, IiUe anJ intctest of thr M~xtp~ur in and tu any insurancn pulairs Ihrn in furcr sA~ll {wss tu thr purrhasrt ut Kranlrr. (h)To per(urm, cumpty wilh and a~idr Ay r•rch anJ rvrry Ihe slipulalN~ns, agrrrmrnta, conJilN~ns ~iNl avvrn~nl~ i~~ .aiJ pr~~misv?ry notr and in lhis JrrJ ut (utlh. (i) (hal if any uf sriJ aums of munry hrrrin rrferrrd to br mN prumptly anJ fully paiJ wlthin fiflrrn Jay~ nrc~ a(trr thr ~~ntr +r~rrally beaY~mrs Jue ~nd p~YaAk. ~~r if earh •rnd rvrry thr ~tipu4uons. a6rrrman~~. a~nJitw~n~ and ruvrnanh uf viJ ~xumi~~~ry nole anJ Ihic deed, or eilher, are rn~~ fully p.YlcNmrd, r~~mpfitd with aiNf abiJrJ by, Ihe aaid a~rrgalr cum mrntn~nrd in vid promi.wry nolr ~hrll I+t coms dur and payahlt f~Klhwilh or therrahlr al tt?e optinn uf Ihr MurtR~~ee as fully ~nd a.~mplttrl~~ a. ~f the v~d agKrrga~r .um uf vid ptumixs,ory ~wlr ~~as~xi~inally ~lipufaled 1~~ br pawl un such diy.anylhing in aa~d prumisw~ry notr ur hr~rin lo Ihr runl~ary mNNith~tand~r~- (j) Tlwl io orJet tu srcrlrtate tl~t malurily uf Ihr inJrbtrdnexs hrrnhy xrured, Aec~usr of thc failurr uf Ihr Mutlr~ur tu ~uy any Iaz, assrssmrnt, liability, oMiption or encumlxaore up.n sziJ pruprrty, a~ hrtein pruviJrJ, it shall nut hr nccrsvey ur trqui~itr Ihal lht m~~rtg:qter shall first pay Ihr srmr. ~ 2. The Mortg~Eeeee may. at his option. and without waiving his right to accelrrate the indebtedness hereby secured g and to foreclose the same. p~y either before or after deliquency any or all of those certain oblig,ations required by the terms ~ hercot to be paid by the Mortgsgor for the protectaa of the mo~tg,age security or for the collection of the indebtednect hereby secured. AO sums w advanced or paid by the Mortpgee shall be charged into the mortgage account and become an integtal part thercof, subject in aU rrestpects to the terrra, oonditions, and covenants of the aforesaid promissory note, and this 1 mortgpge. as tuUy and to the same exteat as though a part of the original indebtedness evidenced by said note and secured by ? this moMgage. excepting howe~er. tlat said sums shall be rcpaid the Mortgagee forthwith upon its demand and be in addition to the rcgulsr monthly insta0ments provided by the mor:g,age note. 3. That the abstract or abstracts of titk covering the mortgaged property shall at all times, during the Gfe of this mortgage, remain in possession of the Mortgagee and in event of the foreclosurc of this mortg,age or other transfer of title to the mortgaged property in extinguishmmt ot the indebtedness secured hereby. all right. title and interest of the Mortgagor in and to any such abstracts of titk shall pacs fo.the purcha~er or grantee. ~ 4. To the exteat of the indebtednes4 ot the Mortg~gor to the Mortgagee described herein or secured 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 sstisfied, in whole or in part, out ot the proceeds of the lo~n described herein or secured hereby, and the respective liens of said mortgages, liens or other incum• : b~arices, shall be and the same and each of them hereby is preserved and shall pass to and be held by the Mortg,agee herein as ' security for the ind~btedness to the Mortgagee herein described or hereby secured, to the same extent that it would have been ~ pieserved and would have been passed to and been held by the Mortgagee had it been duly and regularly a~signed, trans- ferred, set over, and delivered unto the Mortg,agee 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 satisfied and can- ceUed of record by the holders thereof at or about the time of the recording of this mortgage. . S. In the event the ovmership 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 succes.wr or successors ia interest w~th reference to this deed and the debt hereby secured, in the same manner ac with the Mortgdgor withaut in any way vitiating or dischar~ing the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part ot the Mortgagee, and no extension uf the time for the payment of the debt hereby secured given by the Nortg,agee shall operate to release, discharge, modify; change or affect the origiual liability uf the Mortgagor herein either in v?fiok or in part. ; 6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebtednecs, hovrever i evidenced, whether by said promissory note or any renewal or extension thereof or substitute therefor, or otherwise, until all ; such indebtedness sha0 have been fully paid. ~ 7. /n ihe event the rnorlgagors scll. convey ur transje~ the nrnr~gaged prenriscs during the lijc ~~jtltis nrr?r~RaRc. ?hen lhis ntortgage sha11. al !he vption uj the Mortgagee lecrein: becunrc imnredrulclv due a?rd pavablc Jur tl~c J'idl siu~t ~,j ~lre principal balmx•e a~ul intemst lhen due. - 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, persunal repre- sentatives, successors and ascigns of the respective parties hereto. Wherever used the singular number shall include the plural ~ and the plural the singular, and the use of any gender shall include all gende~s. S' n, sea{ed a liv in ~ e p nce of: ~f.Li~~Jr/~ rSeal) ~ (Seal) ~ I L,~l ~ (w J,cl' ~.Lh~ ~ ~ STATE OF FLORIDA ~ _ cotnv~'Y oF~ ~uc ie ' ` ~ R B A. WEBB and DONNA J. WEBB his wife ~ Before me personally appeared ~ . to me well known and known to me to be the individuals described in and who executed the toregoing instrument, and ~ acknowledged before me that they executed the same for the purposes therein expressed. V111TNESS my hand and official seal ~ in the County and State last atoresaid this 27th dey of June, 1979. f ~ t ff ~ - ~ ~ 4Sa964 ` F ti. - ; une 3 tary Public, State ot ~ My Commission Expires: J ~ 1 ~ J~,~ ( r i ~ ~ a~ = ~ - 1~ : - FILEO AHu kt"CGHi,~J C~' - ~ ST.LUCIE CCJVTY.flJ1. . ~ _ ROGER POITRAS . ` . ` ~ ~ ~ CIERK CiRCU11 COL' ~'~,~~.....•~o~~ ~ _ . nC~OZOV_F1Ft=^. ~F ~ ,e~s~i~_r•'` _ ` Bo~K 3~z PACE 1~ ;,N,,; ti ~'~~..~x._~ . . ~ . ' - - ~ _ . .,~s z~~