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Home My WebLink About0649 ' ~ - . ~ i ~ i ~ ' i ~ Our f~.1e 5-32,330 ~ ~ ihi. moriga~tc ~~r ~~ifier trantitc~ o( uUe w ~A; mon~agcd ptope~ty io cat~n~u~shment u~ ~Ae indebteJntsa ~e.u~rd ~crch~, ,,U n~h~, i~~ti and ~n~erest ul Ihc M~~~~~Ta~o~ ~n and to any ~nsutance poli~ies then ~n (orcr s~all pass tu th~ FurcAase~ or gran~ee. (A) Tu ptr(a~m, c.xn~,lY ~'~tG anE a9idc by each and every the ~t~pulalions, sBtetments, cond~t~ons ~t~d cavcnan~. ~n satd prom~~sory. no:e and in th~. decJ ,e1 lorth. • ' ~ ) That +f any of said aums ut mooey hcre~n r<terted to bt not prompUy and fuU~• pa~Q v.•i~h~n f~(ueo c!ays neai sf~t~ Ihe same te~erslly becomes due snd payaAle,or if eu1+ and every the st~pulauans, aEreemtnts, cand~UOns and coven~ntc c+( ss~d prosnis- sory note a~d tlns detd, ot ti~her, ate not (ully perfamcd, carr.pl~ed w•ith and a~idcd by, ~i~e ,x~d aggreEa~e sum menuoned ~n sa~d promisso~y nute shall beeome due and pa~vble falAwith o~ ~hereatter at the option of ?he Nortga~ee as (ully and completel~• as ~f the sa~d a6`regatt sum u( sa~d ptomissory nott was otiginslly supul~ted lo be paid on sucA dry, ~nyl~mg m ssid promissory note or Aert~n tu ~he cenuary notw ilhslandin~t, ~ . - 1 That ~n order to acctletate the m~wr~ty o( Ihe indebtedness heteby secwed, because o( ~ht failure of iho Mortaago~ t~~ pay any tsa, asse.csment, I~ati~l~t)', abligation a: rncumbrance upon said propetry, as herein provided, ~t shatl not be ntcecsary ot requisiu that the , mort~agee shall fasi pay ~ht samt. - The !1lortgage~ may, at his aption, and without waiving his right to accclerate the indebtedness htreby secureJ and tu foreclose the same, pay eitfier befure ar aitzr delinquency~ any or all of those cettain abligations required by the terms hereof to be_E~aid by the ~lortgagor G~r the protection oF the m~rtgage security or for the col- _ tection of the indebtedness heceby- secured. All sums so advanced or paid bS~ the \9ortgagee shall be chatged into ~ the mortgage accaunt anJ hecume an integtal part~thereo[, subject in a!l respect_s to t~e tesms,' conditions, and - covenants oG tt~e af~resaid prernissory note, and th~s mortgage, as fully ~r~ to !he same extent as though a part - of the origina! indebtedness e~iden~ed by said note snd secured Gy this mattgagc, excepting however, that said - sums shall F•~ repaid the Alortgagce forthwith upon its domand and be in addition to the regular monthly install- ments provided by the_mottgage note. = _ - 3. That the abstract or abstr3cts of tiile covering the mottgaged propecty shall~ at all times, during the life ~ of this moctgage, remain in possession of the ;11~rtgagee and in event of the foreclosure of this mortgage or ather transfer of title to the mortgaged property in extinguishment of the indebtcdness secuted hereby, all right; title ~ and inlerest of the ~lortgagor in and to any such abstracts of title shall pass to the purchaser or grantca ~ 4. To the extcnt of the indebtedness of the Mortgagor to the l~lortgagee describcd h~rein or secured hereby,_ the titortgagee is hereby subrogated to the lier~ ot liens and io the rights af-the owners and holders_thereof of each and every mortgage, lien or other incumbrance an the lund dese~ibed 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 liens of said mottgages, liens at othcr incumbrances, shall be and the samc and tach oi them hereby is preserved and shall pass to and be held t~y the 111ortgagee hirein as security for the indebtedness to the Mortgagee herein described or hereby secured, to the-same extent that it would have been preserved ar.d would have been passod to and been held by the ~lortgagee had it been duly and regulatly assigned, transferted, set over, and deli~ered unta .he Mort- gagee by separatc deed _of assignment, notwithstanding the fact that the sama may he satisfied and cancelle~ of - ~ record, it being the intention of the ~arties hereto that the samt will be satisfied. and cancelled of recatd by the ; holder$ thereof at or about the tims of the fecording of this m~rtgage. - _ S. In the .evtnt the ownership oi the mortgaged przmiscs. or any part thereof. becomes vested in a prrson ~ - other than the !1lortgagor, the \lortgagee may, without notice t~ the Mortgagor, deal with such successor or suc- ' cessors in interest K•ith reference to this deed and the debt hereby se~ute~i, in the same manner as with thc 111ort- . - - gagor without in an} way vitiatiog or dischatging the [~lottgagot's liability .hereunder or upon the debt h~reby - secured. I~Io sale of the pttmises heieby m~rtgaged and no fotbearance on the patt of the h1ottgagee, and no ex- ~ . ~ tension of the time for th~ payrnent oC the debt heteby secuttd given by the Mortgagee shall opera~e~to release, discharge, modify, change or affect the original liabifily of the Mortgagor herein eiiher in whole or in Patt. • - 6. The lien of this deed secures and shaU continue to secure payment of said indebtedness or indebted- - ncss, however evidenced, whether by said promissory note or any renewal or extensio~ thereof or substitute there_ ~ fot, or otherwise, until all such indebtedness shall have been-fully paid. - - - i 7. In the event rhe mortgagors sell, convey or transfer the mortgaged premises during ihe life oj this mc~rl- i gage, then this mo~tgage shaE1,. at the oplion of the Afortgagee herein, 6ecomP immedialely due and payable jor the . ~ Jull sum oj~lhP principal balance and ineerest Ihen due. ' ~ - _ - € " 8. The terms "Mottgagor" and "Mortgagee" whenever used in this in~trument-shalt include the heirs, - E persona! representatives, successors and assigns of the respective parties htreto. Wherever used the singular - number shall include t~e plural and the plural the singular, and the use of any gender shall include all genders. - ~ . - ! - - - , - _ _ - R~ Si jed, seal nd eliv ed in e presence of: ~Seal) ~ _ • L~ ~ ~GZc, ~ (Seal) . _ r ) ( € - , - _ ~ . _ - - _ ~ STATE OF FLORIDA . 1 ~ - ' - . ss ~ . : - . - ~ COUNTY OF~~~ _ - ~ - - . - ~ ST.LUCIE - _ - ~ Before me personally appeared _~JERALD L~. STULL and FAYE B. STULT~~ h~.5 wiiz,, to ne weti knaµ~n and known to me to be the individuals desctibed in~ znd wfio executed the foregoing instroment, ~ and~acknowledged befote me that they cxecuted th~ sam~ fe: the purposes thetein expressed. KITNESS my hand ~ and official seal in the County and State Inst_af~tesaid this - 24th Day o~ -Apra.l, 1975 - ~ - - ~ - - . - . ~ - _ - - , - ~ 11y Commis~ion ExQires: Jut1e 30, 1975 Ho«ty P„bi;~, s~a~~of .~'lisx,~: St ~.8 e ~ _ _ . . , _ , - r d ~ ` f U ~ "i,~ ~7.~lY~4~~~ ' ~ ~ - C r•~ ~ - • ~ _ ~ - ST~I~Ci~1:.0~:NTY r6A. ' ~ _ _ ' . . - ~~~5 ~Qp~~~ .i. ; . ! z - _ - Ro+. ~ 1. 4~Rj~ ~ , 1~ ~ , ~ ~ - ~ ~ _ CS :?i~ , 3~ i C ~ . r ~ ~ - ; _ , f : ~ • . ' ' ' - R~(`fIG.\ ' S ~ ~ . Cti ' ~ :i - . ~ - ~ . z _ . 6 ~ 42 ~,~'~s~ U R - ~ • # ~f,. t ~ ~a~ aaax ~~y rncf , . ~ . - - ~