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Home My WebLink About0142 ~ ~ E , < ~ . , . • i ~h~. m~xigaKc ~~i i~thrr ttanti(t~ o( Ulle tu ~he mottga~td ptoperty in cxt;ngu~shmenl ul IAe ~nQrh~cJne~~ .t.wrd hc~rh), all r~gh:, t~:lr en:f ~n~ere~t ul the \1c~~iyag~~t ~n artJ to any ~nsurance p~lic~es Ihen ~n tot~ e shall p~as to Ihr putcAa~c~ or gr~n~ee. lh) Tu p.ri~vm. cuenply ~~~~h and a~~de by e~ch ~nJ every the stipulahons, ~g~eem~nts, cond~uon. and covenant. ~n said prumi,sury . nnte 3nJ in ~h~, derd .ct forth. ) That any u( ~aid sum~.o( monty hrrt~n refu~ed to be nut promptly and iull~• paid w+th~n ~ fif~ern days nex~ a(~:~ the same severally btcomrs due and payahle,o~ ~f tach anA evety ~he st~pul~uons, agttemr~t+, ct~nd~UUn~ and cover.ants o( sa~d ~iam~s- ~ sery nolc and Ihi~ daed~ ur e~tAtr, are not fully pe~formed, complied u•itA and abided by, :he .r~d agRregata sum mentiened in sa~d s pcomissory no~t shall become due and payable fortAwith or the:eafter st the aption ot the \furtd~gec as fuliy and completeiy as thr ~ sa~d a~grcga~e ~um o( sai~J promicsory note w~s or~~~nali~ st~pul~..d to be paid on such dry, anything ~n s~id promissory notc or he~e~n i to ~hc contrary notwitAsland~ng. ~ 1 That ~n ordtr tn accelerate ~ht ma~un~y ot the in~iebttdness hertry secured, because o( the (ailurc c( the \Io~~gag~r ~o pay any ~ax, t as.tssm;~~, liab~iity, obligation or rncumbrance upoo sa~d p~opt~q~, as htrem provided, ~t shall not be neceasary or reQu~site ~ha~ the ~ mortgages shal) f~rst pay the same. 2. The \tottga~ee may, at his option, and without waiving his right to accelerate the indebtednes~ htreby secured an~ tu toreclose the same, pay either before or ~ftcr del;~quency any or all af those certain obligations ~ required by the terms hereof to be paid by the ~lortgagat for the protection of Ihe mortgage socurity or for the col- ~ . lection of the indebtedness he~eby secured. All sums so advanced or paid by the illartgagee shall be charged into # the martgage acc~iint anJ become an int.gtal part thereof, subject in at) respects to the terms, conditions, and ~ covenants ot the aforesaid promissary note, and this mc~rtgage, as fully and to the same extent 1s though a pact of the original indebtedness evidenced by said note and secared by this mortgage, excepting hotvever, that said sums shall be repaid the Atortgagee forthwitli upon its demand and be in addition to the regular monthly install- ments provided by the mortgage nate. - ~ 3. That the a5stract or abstracts of title ~overing the martgaged property shall aC ali times. duting the life of this martgage, remain in possession of the Alortgagee and in event of the Careclosute of this mortgage or other tr~ns[er of title tG the mortgaged properry in_extinguishment of the indebtedness secured h~ret:)•, all right, titte and intertst of th~ 1lortgagar in and to any such abstra~ts of title shall pass to the Qurchaser or grantes. - 4. To the extent of the indebtedness of the Mortgagor to the 111ortgagee described h~rein or secured hereby, the ~lottgagee is hereby subrogated to the lien or liens and to thG iights of the owners and holders thcreof of cach - ~nd ~very mortgage, lien or other incumbrance on the {nnd descreb:d herein which is paid and!or satistied, in - whole or in pa~t, out of the pruceed~ of the loai~ described herein or stcuted hereby, and the respective liens of ~ . sa~d martgages, liens or other incumbrances, shall !+e and the same and cach of them her~hy is preserve~ and sfiall pass to and be held by the 4lortgagee f~erein as security for the indebtedness to the Aiortgagse herein ~iesccibe~l or hereby secured, to the same extent ~hat it would have been preserved and would have been passed to and been . held by the \tortgagee had it been dulp and regularly assigned, transferred, set over. and delivered unto the Mort- ~ gagee by separate deed of assignment, notwithstanding the iact ihat the samE may be satisfisd and cancellec! of tecord. it being the intention of the parties hereio E~at the same will be satisfied and canc~lled af recotd by the _ " holders thereoC at or about the time of tht recording of this mottgage. _ S. In the event the owne~ship of the mortgaged premises, ~r any pa~t thertof, becomes vested in a perso;i other than the 5iort~agor, the ~lottgagse may, without notice t~ the M+~ttgagor, deal wiih such successot or suc- cessars in inte~est K~ith reference to this deed artd the de~t heraby secured, in the s~me manner as with the hlort- gagor w•ithout in any way vitiating or clischarging the Mortgagor's liability hercunder or upon th~ debt Fiereby secured. ~Io sale of~ the. ptemises hereby mortgaged and no forbeatance on the_ patt of the 1~lortgagee, and no ez- tension of the time for the payment of the debt hereby secured given by the Moatgagee shall opetate to rctease, - _ discharge, modify, change or affect the ori~inal liability of the Mortgagor herein eithet in whole or in patt. ~ 6. The lier. uf this deed secures and ~hall contique to secure payment o[ said indebtedness or indebted- ~ ness, ho~ever evidencecj, whether by said ~tomissory note or any renewal or extension thereof or substitute there- for, or otherwise, until aU such indebt~dness shall have been Cully paid. ' ~ " 7. In 1he event the mongQgors sell. convey or transJer the morlgaged prEmises dur~g the lije oJ this mort- _ gage, ~hen tAis mo~tgage shall, at lhe option oj lhe Alor?gagee herein, become immediately due and payabt2 for the ~ full sum oJ ~he p~incipal balance and inte~est then due. - - 8. The terms "Mc~rtgagor" and "Mortgagee" wiienever used in this instrument shall include lhe heirs, _ petsonal representatives, successc,ts and ~ssigns of the respective parties hereto. Wherever used the singulac t ~ number shall include the plural and the plura! the singular, and the use of any gender shall include all genders. I ~~..f~ - i ned s aled an del~ cred in thc resence o• ~--z-~-~-il-~7 j~" ~ _ _ 8 , P - (Seal) ~ ~ / • _ = y .-uJ !Seal) _ ~ ( I ' _ - , - ~ ~ • e.t., - S i A tE OF FLORIDA I - _ - COUNTY OF ~ j ss ST. LUCIE ~ . - ~ - - - - Befose me personally appeared E~WIN KEIM and RUTH- S. 'KEIM, his wife to me well known and knewn to mc t~~ he the indiviauals describcd in and who executed the~foregoing instrument, - - ' and acknowledged befote me that they executed the same for the purposes therein expressed. WiTNESS my hand and o[fic~al seal in tht County and State last afotesaid this 29th dey- Of Mey, 1975. - . - , ~t comm~ss~or~ Ex ~re~: ,Tune 30, 1975 - _ ti - :E..eeJj j °r- Y P , Nt~?ary Public, State of FZOY'1~E1 f~'~ ~ - , _ ; ~i~y s~~ :s=L o - ~ _ ~ ' - _ ; r - y'~ i c= . v~ ~ > • . 9t-: . r~'-~ • - " ,K`~ 'i' j`{ t -F• - - - • ;:.r~t:+' ~ t'3 . ' _ t'=J f14~0 ~:'il'~ ~~9~~ , - • ~ 4 - 51•! u'' _ ' 0 R3 ` . 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