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Home My WebLink About0378 . _ _ _ - _ _ ~ z. r. ~ s . • ~ fa v ~ ~tltgaby waNilnO Or impNrirq any equity, INR. Or t undM Mid (1r MAW Ot lhl• niaq•ead wnparty th• Norpaeorahsll shra ta~msOyN Hotta iN•r•of br mail to uta MortdaOr.Ma a thy. tM«taw • tn~ ~eia+~i. va ti :.it ih• isms I• not made ptomptry br His MortOaoa. M swat of lor•ebsur• of thN moAesps a othM transhr of 1itN to IM moApao•d propsAy M sxtln0uishmsnt of the indWt•dnsss saoYr•e h•r•Or, all rleht, tltN and Intsn»101 tM MoAepor M and to any inwraniy oolicNs than in force •haN pass to ttN pwef?as•s a aant•a. (A) To perform, eompy wlih and abide bt? each and wary the stlpuistioM, aerssmsnt•, conditions and eovana+tts M •aid proln?•aory rota an0 In 1M• d..d aN Iorth. lh That H any of said sum; of money h•rsfn rahrrsd ro a not promptly and fay paW wiMin t•n day next attar IM sent. swMaly bscorns• dw and payaN•. or II saM and srsry tM stipuNtion•,aerssrosrtti,coflditMM and oownants of .aid promissory noN and lhta ds•d. or sitltsr, and nol lolly p•rformsd, wmpliad with and abides by. tM saki aspneaN slim msntlat•d In said prort?N•ory Hole shall bacons des and psyabN forthwith Or tft•rMtNr at tM option of tM t#pApae•a as furry and compNtNy q if tf1• •ald apprpata wm of said promN•ory noN was oriQinaly •tipuNMd to Os paid on sunk day. anylhMtp In said promissory noN a hsrMe to tM contrary notwithatandlee. ~ That fn oMM to acaNraN dta matuAry of tM indsbtadns•s hereby sscun•d, b•cauN of Ilt• fallttrs of tM Mortgagor to par any lax, a••sssamsni. IiaWliry, obligation or sncuntbnttca upon said propsAy, as herein proMdsd. It •Itall nol b• nscas•sry or rsquisits that tM morlpsgN shall lust pay tM san?s. Z. The Mortgagee may, at his option. end without waiving his npht to acceiente the tfroebtidn~s itiwvii~y second and to foreclose the same. pay either before or after dNinquency any or all of those certain obligations • required by tM terms Aereof to be paid by the Mortgagor for the protection of the fnortpape security or for the collection of the indebtedness hereby second. All sums so advanced or paid by tM Mortgagee shall be charged into file mortgage soootutt and bitconte an Intepnll pent thereof, sub}sct in all respects to ilia terms, conditions, and ooverants of tM aforesaid promissory note, and this mortgage, as fully and to file saute extent ss 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 Mortgages forthwith upon its demand and bi in addition to the regular monthly installments provided by the mortgage note. 3. That the ~stract or abstracts of title covering iM mortgaged property shell at all times, during the Ilfe 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 extinpulahfnent of tM indebtedness secured hereby, all right, title rutd Intsftstst of the Mortgagor in and to any such abstracts of title shall pees to ttlepurchaser agrantee, 4. To the extent of tM indtibtednsss of the Mortgagor to the Mortgages described herein or secured hereby, the Mortgages is hereby subrogated to tM Ilan or Ilene and to the rights of thsowners and~holden thereof of each and every mortgage, lien or other incumbance on the land destxibed herein which is paid and/or satisfied, in whole or in part, out of the proceeds of the loan described heroin or secured hereby, and the reapectlve liens of said mortgages, (tensor other incumbrantxs, shall bs and the same and each of them hereby is presertrsd and shall pass to and be held by the Mortgages heroin as security for the indebtedness to the Mortgages heroin desrxibsd or hereby sseurod, to the sates extent that it would hays been preserved and would have been passed to and been held. by the Mortgagee had it been duly and regularly assigned, transferred. set over, and delivered unto the Mortgages by separate deed of assignment, not wHhstandinp the fact that the same may be satisfied and cancelled of record, it being the intention of the parties hereto filet the same will be satisfied and cancelled of record by the holders thereof at or about tM time of the recording of this mortgage. S. in the event the ownership of the mortgaged promises, a 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 suoosssora in interest with roferertce to this deed and the debt hereby second, in the same manner as with the Mortgagor without in any way vitiating or discharging the Mortgagor's (lability herounder or upon the debt hereby sscurod. No sale of the premises hereby mortgaged and no forobsarantx on the part of the Mortgagee, and no extension of the time for the payment of the debt hereby second given by the Mortgages shall operate to release, discharge. modHy, change or affect the original liability of the Mortgagor Mrsin either in whole or in part. 6.7he lien of this deed secures and shall continue to securo payment of said indebtedness or indebtedness, however evidenced, whether by said promissory note or any renewal or extension thereof or substitute therofor, or otherwise. until all such indebtedness shall have been fully paid. - 7. in the event the mortgagors sell convey or tranater the mortgaged premises duNng the life of this mortgage, then this mortgage shall. at the option of the Mortgages herein, become immediately due and payable for the full sum o! the principal balance and interest then due. 8. The terms "Mortgagor" and "Mortgages" whenever used in this Instrument shall include the heirs, personal representatives. successors and assigns of the rsspsctive parties hereto. Vhenever used the singular number shalt include the plural and the plural the singular. and the use of any gender shall include all genders. 9. Upon any default by Mortgagor hereunder and following the acceleration of maturity as provided in paragraph lie) 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 Mortgage, shall constitite an evasion of the payment terms of the Mortgage Note and shall be deemed to be a voluntary prepayment thereunder, and any such payment, to the ex t peritiitted-by law, will therefore include the premium required unde he preps privileges, if any, contai din the rtgage Note. Signed and deli the presence o ~ (~1 STATE OF FLORIDA ST Et C~ NCC TY~.FtA. COt~NTY of ST . LUC I E } ~ c T~'ST 4 ~n RECCRt1 t'£RIFiEO - Before me personally appsued to me wail known and known to me to be the individual described in and who executed the foregoing instfvmsnt, and acknowledged before me that executed the sans for the purposes theretn~ixpressed.WITN my hand and official seal to the County and State last aforesaid thfs ~ day of ~`4, , lets Of ilorid• al - a4 . ~ 9 - eond•d dirty Mayrbrd 8ortdrtQ t~~ ; 'I, v ~ a : w' My Commission Expires: Notary Pubfi~ ~ ~ s