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Home My WebLink About1475 . . . . Our ~ile 5-32,374 this mortgagt ulhar Iran~.l. ~ of Utlr t~ ~lie morigagcd ptapzrty ~n _at~ngu~shmem o1 thr indehi~dnrs. .c. wcd Rcrc~+>, ali ~~~ehi, u~le . and ~ntere~l uf ~he \1:~:~g~HUr ~n and to any ~nwernce policiec ihen ~n [a~ce +hall pass lo the putchaae~ o+ gr~n~er. (h) Tu ~~•ri~.~m, .~+mn~v vr~~h and ab~de by each and eveey the sUpulatwns, ag~tements, cond~t+on~ and u~venants ~n su~d pru~mcsory _ nole and ~n ~h:s decd .et for~A. " l That ~t any of seid sums ul moncy herein ~t(t~tcJ ta be not promptly anJ tuUy~ pa~S i1h~n fifteen +lays neRt a(te~ - ~ ~he s'ame sevtrally brcomos due and payahle,or i! each and evety the st~pul~twns, agretmtnu, rond~tiai. and covenan~s of said prom~s. ' soty nott and tRis Setd, or e?ther, att not !ul{y pe~(o~med, complitd w•ith and abided by, ~he ;a~d aggrrg3~c sum mentwned ~n said ~ prom~ssotY nute shall becume dut and payable f~cthr~th or ihores(~e~ at the option of Mt \tott~agee as fully and comple~ely as if thc . said aggrcgate sum af s~id promissory note was ur~gioally stipulated t~ be paid en sucA day, anything in saiJ promissory nott or hete~n • to ihe contra~y not~•~ihsland~nR. 1 That ~n order to ar~eluatt the matutity o[ the indebtedaess hereAy ~tcuted, bacause of t~t fa~lurr of the ~lottgagot ~o pay any ~ax, ' assevsmtnt, ?ahility, ubligation or rnrumbrance upon said properly, as herein provided, ~1 shall not be oe~es.xry or reqwsite th~t t~e morigagee shall first pa)' the same. 2. The'1lortgagee may, at his option, and without H~aiving his right to accel~rate the indebtedness hereby secured and to foreclose the same, pay either before or ai'ter delinquency any ar all of those certain obligations tequired by the terms hereof to be paid by tfie \4ortgagot far the protection of tfie mortgage security or i'or the col- - lection oC the indebtedness heceb~~ secuced. All sums so advanced ar paid by the ~lortgagee shalf be chatged into the martgage accaunt anJ become an integrat part thereaf, subject in all respects to the terms, conditions, and cov~nants oC the aforesaid promissory nute, and this mortgage, as fully and to thr same extent as though a p~rt oC the original indebtedness evidenced by said note and secured by this mortgagc, excepting howcvet, that said ~ sums shall be repaid the I~lortgagee Porthwith upon its .demand and be in addition to the regalar monthly install- - ments provided by the morlgage note. ~ ~ ' ~ _ 3. That the abstract oc abstracts of title coveting the mortgaged propetty shall at a11 times, duting the li[e of this mortgage, remain in possession of the l~loctgagee and in event of the foreclosure of this mortgage or other transfer of title to the mortgaged property in extinguishment o.f the indebtedness secuced hereby, all right, titie and interest of the \tortgagor in and ta any such abstracts of title shall pass to the purchaser or grantee. " ~ 4. To the extent of the indebtedness of the Martgagor to the Alortgagee described herein or secured hereby, the~Alortgagee is hereby subrogated ro the lien or liens and to the rights of the owners ~nd holders thereof of each and every mortgage, lien or ather incumbtance on the land described herein which is paid and!or satisCied, in _ whote or-in pact, out of lhe proceeds ot' the loan described hecein or secured hereby, and the respective liens oE- - ~ said mortgages, liens or other incumbrances, shalt be and thc same and each of them heteby is ptesetved and sha11 ~ - " pass to and be held by the Aiortgagec herein as security for the indebtedness fo the. Atortgagee herein descsibed or hereby secured, to the same extent that i[ would have been preserved and would have been passed:.to and been : held by the \lortgagee had it been duly and regulatly assigned, transferred. set aver, and delivered unto the Mort- gagee by separate deed oF assignment, notwi~hstanding the. fact that the same may be satisfied and cancelled of - - record, it being tfie intention of the parties heteto that the same will be satisfied and cancelled of record by the ~ holdecs thereof at or about the time of the recording of this mottgage. : - _ ~ 5. ln the event the ownership o[ the moctgaged pcemises, or any part tfieceof, becomes vested in a person other than the \lortgagor, the ~lortgagee may, without~notice to the Mortgagor, deat with such successor ot suc- cessors in in!erest w~ith reference to this deed and the debt he~eby secured, in the same manr?er as with the [ltort- gagor without in any way vitiating or dischGcging the hlortgagor's liability h~reunder ar upon t~e debt hereby secured. No sale of the premises her~by mortgaged and no forbearance on the pats of the hlortgagee, and no ex- - tension oC the time for the payment of the debt hereby st~ured given by the Mortgagee shall operate to telease, discharge, modify, change or affect the original (iability of tfie {~lottgagor fierein either in whole or in part. ~ 6. -The lien of this deed secures and shall continue to secure payment oC said indebtedness ar indcbted-. _ ness, however evidenced, wh~,ther by said promissoty note or any renewal or extension thereof or substitute t4?tre- - for, or otherwise, until ail su~h indebtedness shall have been fully paid. 7. In the erent the mortgago?s sell, convey or transjer the ~nortgaged premises during the lije oj this mort- gage, then ihis mo~tgvge.shatt, ct the oplion of the ,'ttortgagee herein, become immedir~tely due and payable jor the ~ - jull sum oJ the principal bafance and inte?est then due. _ - 8. The terms "Atortgagor" and ";4iortgagee" whenever used in thia instrument shall inclu~'e the hcits, - personal representative~, successors and assigns of the respective parties hereto. Whetever used the singular _ number shall include the plural and the plural the singular, and the use of any gender shall includ"e atl genders. ~ Signe eal~d a d'iver d in th presence of: (Seal) ' ~ , ti~ + ~ - - ~Seal) ~ , ~--lGC~ 7 " - . ~ ~ --r-. ' - STATE OF FLORIDA I - ~ _ COUNTY OFX?X~K ~ ss . . _ _ - ST.LUCIE - ~ ~ - _ ~ Before me personally appeared GEORGF WALKER and DOROTHY WALKER, his wife, to me wel! known and known to me to be the individu ;'s describtd in and who eaccut-.d the foregoing instcument, a?~d acknow•ledged before me that the; oxecuted the same for the purp oses the;ein expressed. W(TNESS my hand ` and official seal in the County and State last aforesaid this 3rd llSy of May, 1975 - . _ ~ ~ . ~ - - ~ - - ~ " - - _ - - - t-?, . - - _ " . \1~ . / R : ~ - - . "\ty Commission Expires: JuRe 30,~ 1.9~5 Notary Public~ tateao . y~ •~-'p~;~ r - U - - ~ - - 1~-~~~. ~ • ~i ~ ~ - - ' - ~ ~a~~ ~ ~ - ~ _ - ~ ` v~~~9 . - ~ ~ Ya - - . _ ~ ~j ~ F 1-y,' d ' r - • , . h .~~,y. ~ - F~~`;,~, :t~s`~~~~~~ _ ' _ Sj ~ ~,t,,_ . 4 ~ :.r-.. . t,_ . - - _ - . • - . ~ y~ . - ~ ~ ~ ~ ' ~ ~1 • `TY-~~~t~~~ ~ _ . ~ ~ s ~f ~.h . :{,rL ~ . ~srf~~~~~ y. ~ ~ . ~ 3 ''`6 ~ R ~ _ - ~~,~t ~ _ $ao~c ~ ~c~~~~~ . • - _ - _ : l. '3 1 ; t ' i i