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Home My WebLink About2790 # Our file 5-32,450 a i ~ ih~. mortgagr u~ ~~ihrr tnnsft~ of t~11c w ihe morig~~ed ptoperty ~n c~~~nguuhmertl w;Ae ~ndrbtednesa .ecurcd ~rrct+y, aU ngh~, u~ir ard ~nterrst of ~he A1~xtga`ur ~n and to any ~nsurance policiec ~~cn ~o torce shall pass ta the purcAascr or gran~ec. (i~) To pe~fnrm, c~xnply ~~~h and ab~dc by carh and every the sl~pul:tions, agreements, cond~hons and c~~venanu ~n sa~d ptum~~s~xy notc and ~hn derd ~e~ (otth. That ~f any of aaid sumc u( mone~~ he~etn rcfencJ ta be not promptly and tully paid wnh~n f~(Iteo days nex~ a(tcr Ihe same sevr~ally becomes due and payable,ot if t~th and every the sl~pul~t~ons, sgrcemen~s, condit~uns and covc~~nts o( s~~J promis- sory notr and tAis detd, or e~ther, are not fully Der[ormed, compiied w~th and aDided by, ~hc +aid aggregatc sum menuoned ~n sa~d ' promissory note shall bccome Jue and payable (atAw~th o~ thecea(~er at the option of the No~tgaget as fully and comple~ely as ~f Ihe sa~d ag~regete sum ot sa~d ptomis~o~y note was ong~nally s~ipulatad to bt paid on sucA dr)', anyt~in8 in said promissory note or here~n tu the contra~y natwilAsl~nd~ng. V) That ~n order to acceletate the matumy of ~he indebted~ess hereby secured, because of the fa~lute of tho Mo~tgagor t.~ pay a~y IaK, asse.smeM, I~aA~Uq•, oOligalion o~ rn.umbrance upon said p~operty, as hercin provided, u shall not be neces~ary or reQuisite ihat the martgagee shal) f~tst pay Ihe samt. ~ 2. The ~lortgagee may, at his aption, and without waiving_his right to accelerate the indebtedness fiereby secured and to foteclose the same,- pay either before or aCter delinquency any or all af those certai~ obligations required by thc terms hereof to be paid bv the \lortgagor for th~ protection of.the mortgage security~ ot for the col- lection of the indebtedness hereby secuted. All sums sa advancec. or paid b~~ ttie !?lortgagee shail be chatged into the mi~rtgage account anJ become an integtai part thereo(', ~ subje~:t in all respects to the terms, conditions, and - covenants af the af~~resaid pr~~missory note, and this mottgage, as fully and _to the samc _extent as though a part of the original indebtedness evidenced by said note and secured by this mortgage, excepting howe.ver, that said ~ sums shall be repaid the ;~lortgagee forthwith upan its demand and be in addition to the regular monthly instali- ; ' ments provided by the mortgage note. ~ : ~ 3. That the abstraci ot abstracts of title covering the mortgaged prope~ty shall at all times. during the life of lhis mortgage, remain in possession of the Alortgagee and in event of the foreclosure of this mortga~e or other ~ transfer of title ta the mortgaged property in extinguishmcnt of the indebtedness secured hereby, all right, titie ~ and interest of the ~lurtgagor in and to any such absttacfs of titl~ ~.nall pass to the purchaser or grantee. ~ ~ - 4. To the extent of the indebtedness of the Mortgagor ta the l~lortgagee described herein or secured hereby, € the !~lortgagee is hereb~~ subrogated to the lien or tiens and to the rights of the owners and holders thereof of each . and every mortgage, lien or other incumbrance on the land described herein which is paid and!or satisfied, in s whole or in part, out of the proceeds of the loan described hecein or secured hereby, and the respective liens of . ~ said mortgages, liens or other incumbrances, shall be and the same and each of them hereby is presetved and shall _ ~ pass to and be held by the Mortgagee herein as secucity for the indebtedness to the hiortgagee herein described ~ or hereby secured, to the same extent that it would have been ptesei~ed and would havt been passed to and been held by the 1lortgagee had it been duly and regularly assigned, transferred, set over~ and delivered unto the hlort- - ; - gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, il befng the intention of the parties hereto that the same will be satisfied and cancelled of record by the ~ ~ holdets thereoC at or about the time-of the recording of this mortgage. ~ - - ~ 5. In the event the ownership of the mortgaged prerniscs, ot any parl theteot. becomes vested in a person s ~ other. than the ~Sortgagor, the ~iortgagee may, without notice to tht Alortgagor. dtal with such successot or suc- ; cessors in interest w~ith refere~ce to this deed and the debt hereby secured, in the same manner as with the \lort- ? gagor without in any way vitiating or discharging the hlortgagor's liability hereunder or upon the debt hereby i, secured. No sale of ~he premises hereby mortgaged and no forbeatance on the part of the hSartgagec, and no ex- tension of the time for .the payment of the debt hereby. sectued given by the htortgagse shall operate to retease, ~ discharge, modify, change or affect the otiginal liability oC the Mortgagor herein either in whole ot in patt. 4 6. The lien of this deed secures and shail continue to secure payment oC said indebtedness or indebted- ~ ness, however evidenced, whether by said prumissoty note or any renewal or extension !hercof or substitute there- t for, or otherwise, untit all such indebtedness shall have bzen fully paid. ~ _ 7. In the event ihe mortgagors sell, convey or transfer ~he mortgage~ premises during lhe lije oj this morl- ~ gage, then this mo~tgnge shall, at the oplion oJ the Alo~lgagee herein, becorne immediately due nnd payabfe Jor the jutl sum of the principal 6alance and interest li~en due. ? - 8. The terms "hlortgagor" and "hlortgagee" wfienever used in this instrument shall include the heirs, ~ personal representativ~s, succcssors- and assigns of the respective parties hereto.. Wherever used the singular - number shall include the plural and the plural the singular, and the vse o[ any gender shall include all genders. . _ I _ ~ . 0 1/ Sign d, sealed d delive d i he presence of. ~~V ~ e - i ~ l~.1~J /,LL~s,-r S~YO~_ lSeal) F s~~~• . £ - - ~ . ~ - Y . STATC OF FLORIDA ~ COUNTY OF~ j ss = . ST.LUCIE ~ his ~ife ~ Before me personally appeared WILLARD NATHANIEL DARVILLE .3nd ROSA B. DARVILLE ~ ~ to me weli known and known to me to be the individuals described in and who executed the foregoing instrument. T. and acknow•ledged before me that they executed tht same Cor the purposes therein expressed. WITNESS my hand - ~ and official seal in the County and Stato last aforesaid this 1]t~l D8y of May, 1975 _ Y _ ~ ~ _ . ~ - , . (i Ijs , . . . . . .~s . a- ' ~ ~ . . . . - ' r/J' - _ ~ _ ' . . ; ~1y Commission Ezpires: .Tun~ 30, 1975 Notaty Public; , t~t~;pE~-~. ~t ~ ~ - i- ~ ° - ~ Ii -i _ ~ . _ _ i- ~ L.0 _ ' ` s e~ ~ r ' : , ,t~~`~. i.~ ~ _ a~ Y F~A- - : ~ . - f tLF GU!t ~ ' . _ - ~ ~ - _ - - ' ~ Sj.IV'~~ ~t'? AS ~RS ~ * ; _ il 3~ FJ - `~1t C~~~-_~. !~Dy/~ ii _ , C1.i.~,, ~ ~p..-- v~~V~~ i. ~.•r. ` ~t~ • t~ ' i . ~ . : i . ~ R[f r.~ ~ ~ 1~~j . • ; ~ , , r r ~ ~ ~ ~ s Y f, _ ~ Z 09 U - - • ' ~ ~p~ ~ . U r. ~ . . ~ . . BooK ~39 P~~E~785 _ : , ~ _ ~s-