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Home My WebLink About2793 . ~Our fils 5-32,446 ehi. mnr~ga~e .~r u~hr~ ~tansfti u( Utlc tu thc moctgaged ~xoprrty ~n e~Ungu~shment w tht ~nde~~ednrs~ +ei wc ` hr~rhy, oli ngh~, utle and ~n~ere.t of ~he \1o~iRagu~ in and to an)' ~nsurance polic~es lhen ~n force shali p~cs to Ihe purchaser or gran~ce. (A) -iu ~eri~um, c~wnply with and a~~d~ by each ana every the supulaGOns, ag~cemenls, cond~UOn~ and covenan~, ~n seid prum~tixo~y nule and ~n th~. JecJ stt forih. 1 T~a1 a~y o( ~a~d sums uf money herei~ ro(errrd to be not promptly and fully pa~d vruhin (~(teen days next aAe~ ~ the s~me severally Atromes due and payahle,o? ~f each artd every lht stipul~uons. agreemenls, condiuons anA covtnanu of s~id prom~s- sory note and this dted, or ei~her, aro aol fully performed, complied w~ith and abided A~, ~hc ~a~d aKgregalt sum ment~ont~ ~n sa~d prom~ssory~ n.~tt shal) become due aad pay~ble forlAw~th or thtreaftet at tha opUan of thc M.~rtgagee as fuUy aiid complrtely as J the ' said aBgtt~ato sum o( sa~d promissory note wvs ong~naUy stipulated to be paid on such day, anyth~ng ~n said prom~ssoty note or here~n to the contraty notr•ithsttnding. ) That ~n order w ucelctate ~he ma~ur~ty of the indebtedness hereby secured, beca~se of the (a~lure o( t~e 51o~tgagor tn pay any ~ax, f assessment, I~abil~t?•, obl~gauon or rnrumbranct upon said p~~perly, as here~n provided, i~ shall not be neressary or requisite that tht ; - mur~~taEee shaU hrsi'p~y tht same. ! 2. The ~tortgage~ may, at his option, and without waiving his right to accelerate the indebtedness hereby i sccured and tu foreciose the samc, pay either before or aCter delinquency any or all of those certain obligations ~ required by the terms heteof to be paid by the ;~lattgagor for the protection of the m~rtgage security or for the col- ~ J lection of the indebtedness hereby secured. All sums so advanced ar paid by~ the tilortgagee shall be chatged into ' ; the mnrtgage account anJ hecame an integral part thereoi, subject in all respects to the terms, ca~ditions, and ~ covenants oG the af~resaid promissot~~ note, and this mortgage, as fuUy and to the same extent as though a part j ; ~~f the otiginal iadebtedness evidenced by said note and secured by this mortgage, excepting however, that said ~ _ sums shall be repaid the \lortgagee forthwith upon its demand and be in addition to the re~ular month{y install= ~ , ~ ments provided by the mortgage note. ~ 3. That the abstract or abstracts of title covering the n~ottgaged property shall at all times, during the life _ of this martgage, remain in possession oC the ~lortgagee and ~n event oC the foreclosure of this mortgage or other ~ ~ ' transfer of title ta the mortgaged property in extinguishment of the indebtedness secured hereby, all right, Utle { ; ~ and interest of the \lurtgagor.in and to any such abstracts of title shall pass to the purchaser or grantee. . ~ ; ~ 4.. To the extent of the indebtedness of the Mottgagor /o the Mortgagee described herein or secuted herebp, i the \tortgagee is hereby subrogated to the lien or -liens and to the rights of the owners and holders thereof of each ~ - and every martgage, lien or other incumbrance on the land described herein which is paid and!or satis[ied, in . whole or in part, out of the proceeds of the loan described herein or secured hercby, and the respective liens af ~ . said mortgages, liens or other incumbrances, shall be and the same a~;d each of them hereby~is preserved and shall i pass ~o and be held by the Alortgagee herein as security_for the indebtedness to the Alortgagee herein described ~ or hereby secured, to the same extent that it would have bcen preserved and would have been passed to and been held by the ~lortgagee had it been duly and tegularly assigned, transfetred, set over, and delivered unlo the Mort- gagee by separate deed of_assignment, notwithstanding the fact that the same may be satisfied and canc?lled of . i : record,. it being the intention of the parties hereto that the same will be satisfied and cancelled of record by the ~ holdars thereof at ar about the time of the recording oC this mottgage. - - t 5. In the- event the ownership oC the mortgaged premises, or any pa,E thereof, becomes vested in a person other than the ~tortgagor, the ~lortgagee may, without notice to the Mortgagor, deal with such successor or suc- s cessors in interest with reference to this deed and the debt hereby secured, in the same manner as with the Atort- ` . gagor without in any way vitiating or discharging the Alortgagot's liability hereunder or uPon the debt hereby i secured. No sale of the premises hereby ~nortgaged and ~o Corbearance on the patt of the h4ortgagee, and no ex- ~ - tension of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to release, } . discharge, m~dify, change or affect the original liability of the Mortgagor herein either in whole or in part. 6. The lien uf this deed secutes and shall continue to secure payment of said indebteciness ot indebted- ~ ness. however evidenced, wh~ther by said promissory note or any renewal or extension thereof or substitute there- for, or otherwise, unti! all such indebtedness shall have been fully paid. - 7. /n the e~~ent the mo~tgagors sell, convey or trensjer the mortgaged premises during the.lije of this mo~~- - gage, rhen this mortgage shall, at the option oj the bforlgageerherein, become immediately due and payable for the ~ jul! sum oJ the principal balance and interesJ ~hen due. ~ S. The terms "Mortgagor" and "hlortgagee" whenever used in this instrument shall include the heirs, _ ~ personal representativ~~, successors and assigns of the respective parties hereto. Wherever used the singular ~ number shall include the plural and the plural the singular, and the use of any gender shall include all genders. a _ ~ - _ - S ned, seale d liver d i e presence of: ~ (Seaq 3 _ . 1~" - ~~l~7G~~'- (Seal) ~ - ! ' ~ - STATE OF FLORIDA ~ - . COUNTY OF~ ( ss _ - = ST.LUCIE ~ - _ r Before me personally-appeared ROLAND W. MALO Srtd ISABEL V. MALO ~ hiS wife, ~ to me well known and !cnown to me to be the individuals described in and ~vho executed the foregoing instrument, . and acknoa~ledged before me that they,executed thc same for the purposes therein expressed. WITNESS my hand = and official seal in the County and State last aforesaid this 7~h Day of May, 1975. ~ ~ . ~ _ _ f 3_ " - ~ ~ ~ _ _ : :.t: : - _ . 1 , _ ~ ~1y Commission Expires: June 30 ~ 1975 , Notary Pubtic, State of ~j~• `r;"=~: - _ _ S`'='.;-.;.._• j. : ' .1,. ~ ~ ~O~ 0 - - ~ - ~ - . ~ ~ ~II ~tL-+ 4 ~ ~..~+~.t~S~.F' c V13 VJ~ ! ~ _ : . _ c ~ • ~ ~U~ ~ . - Sj •L'~~'~ - :~ti t~C~,~~~~~~ _ ~T"+'s'a` * ' ~ F~ ~ = . r.,l : ~ " - - ~ ~ ° - - : , : ` f n . - : ~ . ~ C.`~ • ~ , = • ~ ~,15 : , f ~ c~ = ~ ~ 1~ ~ .[i R ~ r~ 2~ ` t _ ~~i 1~ . - BOOK ~J9 PAGE 8~ . - - : ~