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Home My WebLink About0375 = - - . - - - - • r 1 ~ • • . ttyrepy waMrte « knpairinp any ir. IIMt, « fleht uftdsr and ~ wnw a fhb rnonep .'in tfy elltlli a lose Qr phrtiiea) a«ntet to flat «onoaotd otoo•thraht Morteaeor (awl e+•t immedbb notice tttefrot er stall a tM N«fepee artd tty fMorteeeee nyy msfy pros a leas if ~ fife same a reel ntadt prornpty er thalAOrtdtq«. In wont a Iorerloaure a (hie morgtge «oth« transfer a tub to 1M mortepaq property in exlirteuiahrnent afly irWflpNdntsa eewred I+ereO'y, all rfeht, IItN and lnbrrat a utt Monsp« M and to any (nttt?trtpt pakfN /Mrt In fora thNl pats 1o fly pafrCheeee «efarabe. (h) To perform. eompy with and abwa br MCh and every lift sllpulallonf, sereenartts, c«Witiorts rrtd eoverynts in said promissory nob an0 in this dtW set fortA. . (q That if any a Mid cams a ntayy hanie Merfed to be not promptly farad fu0y pai0 witMn Nrt dsys rte:( afNr tM eany stwralry bra:onyt dw and paraae, «if eata;A and eYNy tM atipubtiona,aersentenla.rrortdltiont and corMWtb a said promlMOry note a+nd this decd, «e1lAN, air not fatly pMonned, oomplNd with end awdtd by, tM esld ae0npab cum fnentiorttd M ttid promissory nob sttNl bec«ne dw and otywb forthwith « therrtlbr N U+e option of lM Morteapee M f Wty and eompbbty M II tM aatd aepngaN sum a seta prorttissory nett was aiq+ntlh etlputaNd to (k paid on each day. anylhirte In said pron?beory noN «MrNn to tM contrary notMrltAStandirte. N t'Ittt in order to atxeNrea the matunry of lift irldepttdrlMe Ittreby ssWred, beCeuM a tM hilafn a tM Mortpapor to pay any bx, assastsment, INbility, obtidation « enCUmpranos-upon Mid property. as herein provided. It shall not bt necettary « regWtita tMt fly mortpepp shall first pay tM lama. 2. TM Mortgagee may, at his option. and without waiving his right to acosterate the ind~teditess itersot? secured and to torecloN the same, pay either before or after dNinawncy any or all of those certain obligations roquirod by the terms hereof to be paid by tM Mortgagor for tM protection of the mortgage security or for tM collection of tM indebtedness hereby second. Ali softie so advanced or paid by the Mortgagee shall be ahanped into the mortgage account and become an integral part. thereof, wbjeat in all roepects to the lefmar condltlons. and covenants of the atoroeald promissory note, and this mort~ape, as fully and to the name extent as though a part of the original Indebtedness evidentrod by said note and secured by this mortgage, excepting however, that said sums shall be repaid the Mortgagee forthwith upon Hs demand and bs In addition to the ropulat monthly installments provided by tM mortgage note. 3. That IM abstract or abstracts of title covering the mortgaged property shall at ail times. during the tits of this mortgage, remain in possession of-the Mortgagee end In event of the foreclosuro of this mortgage or other transfer of title to the mortgaged property in extinguishment of tM Indebtedness sectxed .herby, all right. title ertd interest of the Mortgagor in and to any such abstracts of title shall pass to the purchaser or grantee. s. To the extent of the indebtedness of tM Mortgagor to the Mortgagee described heroin or second hereby, the - Mortgages is hereby subrogatad to the lien or Nens and to the rights. of the owners and holders thereof of each and every mortgage. lien or other ineumbranoe on the land described herein which is paid and/or satisfied. in whop or In part. out of fife proceeds of the loan destxibsd heroin or secured hereby. and file respective liens of said mortgages, liens or other incumbranees, 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 heroin dafxibed or hereby second, to the same extent that it would have been proeerved and would have been passed to and been held by the Mortgages had it been duly and regularly assigned, transferred; sei over. and dsuvsred unto the Mortgagee by sepaeate deed of sasipnment. not withstanding the fact that the same may be satisfied end canf~lled of record, it being the intention of the parties hereto that the same will bs satisfied and cancelled of refx~rd by the holders thereof at or about the time of the recording of this mortgage. S. In the event the ownership of the mttgaged premises. or any part thereof; becomes vested in a person other than the Mortgagor, the Mortgages may. without notice to the Mortgagor, deal with such successor or successors in interest with rofefentro 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 hertfiby second. No sale of the premises hereby mortgaged and no forobsarancs 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 rolease, discharge, modify, change or affect the original liability of the Mortgagor herein either in whole or in part. 8. The lien of this deed secures and shall continue to sewn payment of said indebtedness or indebtedness, however evidenced. whether by said promissory note or any renewal of extension thef•eof or substitute therofor, or otherwise, until all such indebtedness shall have been fully paid. - "7. In the event the mortgagors sell convey or transfer the mortgaged premises during the life of this mortgage. then this mortgage shall. at the option of the Mortgagee herein, become immediately due and payable for the full sum of the principal balance and interest than duce. t3. The terms "Mortgagor" and "Mortgages" whenever used in this Instrument shall include the heirs. personal representatives. successors and assigns of the respective parties hereto. Vhenever used the singular number shall include the plural and the plural the singular. and the use of any gender shall include alt enders. 9. Upon default by Mortgagor hereunder and. following the acceleration of maturity as provided in paragraph 1(e) hereof, a tender of payment of the amount necessary to satisfy the entire indebtedness secured hereby, made at any time prior to the foreclosure sale by Mortgagor, or by anyone in behalf of the Mortgagor, shall consti- tute an evasion of the payment terms of the Mortgage Note and shall be deemed to be a voluntary prepayment they nder, and any such payment, to the extent permitted by law. will therefore include premilun required under the prepayment privilege, if any, signed de the presence of : contained i n the Mortgage Note . ~ (seal) ~ i~~;,~~1 ° X80 FE8 -5 ~1 ~ STATE OF FLOfiIDA ~ t~~~ Ct~ FLA. COUNTY odT. LUCIE } ~ AoG~ p T ASr .fir - le~K Ctt~T ~ `a~vo7a7 Before me personally appeared to rtte well known end known to me to bs the indtviduat described to and who ex~0~rted the forogoing instrument. and acknowledged before me that executed the sarrts for the purpose( ~ ~ ESSmy hand and official seal in the County and Stets last aforesaid this B day of ~ . .A, x . wwu w •~gtti ~ r SSG,; . My Commission Expires: ~ Not Public, S,~f.~.....~,~ • i