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Home My WebLink About0599 ~ ' Oux file 5-32,481 tR~. m~~riga~tc u~ uthrr transicr uf utlr Iu ~fie mort~aKcd p?operl~ in e~U~~guishmcnt ul ihc ~ndchtednc" ~e.~,~cd hcrcn~, ,,11 ~ight. ~~Ur anJ in~r~e:< <~f tAe \1ur~gagor ~n and Io any ~nsuranct pulic~es ~hen ~n (urce s~all pass to ~he purch~ser o~ &~anlee. (h) To perfoim, ~iwnply w~tA and ab~de by tacA ?nJ every lhe sUpulahons, aYreemrnts, cond~hon~ and covenen~, ~n s~~d prum~ssory ~o1t anJ in ~hi. dreJ +et (orth. I That it a~y of ~a~d svm~ u( monty hertin ~e(errcd to Ee ~ot promptlY and (ully p~id.wilhin f~fteen ~ays ne~t a(ter Ihasame severally ~ecomes Jut and pa~•a~lt,ar ~f eacA ami erery the stipuluions, agtcemrnts, ?onJ~Uons and covenants o( sa~d promis- soty note and thts der.d, ur euhc~, a~t nol (ullv perfonr.ed, c~mpi~ed w~ith and abided ~Y, the ,a~d aggregate sem menuoned in said prom~ssory nute shall become dut an~i payable fotthwith or ihere~(ter at tAe opt~on of tAe \1o~tgagte as fully and compiettly as ~f the sa~d aggrega~e sum o( said promissory note was ong~nall~• shpulaled to be paid ot~ such dny, anyth~ng m sa~J promissety note or herein to 1he conuary notwithstaed~nR. V) T~at in ordcr to accelerate the m3wnty o~ tht ~ndebtedness herrby .teuted, bectusr u( tht fa~lure of the tilo~tgagor ~n pay any ta~, assessmen~, I~ab~liU•, obligaiion or in.umbrance upon said prope~ty, ss herein provided, shall not be necesca~y ur requ~siu that the mutlgagee shaU (us~ pay the same. 2. The \lortgage~ may, at his optic,n, and without waiYing his right to acczlerate the indebtedness hereby ~ scru~ed and t~~ (orecluse ~he same, p~y either be(ore oc after delinquency any or all of those certain obligations required by the terms hereof to be paid by the \lortgagot for ihe ptotection af the mortgage security or for the col- i lection oC the indebtedness hereby secured. All sumc so advanced or paid bp the ~lartgagee shali be charged into i the martgage aca~unt anJ become an ir,tegrat part thereof, subject in all respects tu the terms, conditions, and ~ covenants oG thc aforesaid promissar~~ note, and this mortgage, as [ully anci to the same extent as though a part , of the ariginal indebtedness evidenced by said note aad secuted by this mortgag~, excepting however, that said s~ms shail be repaid lhe ~lortgagee forthwith upon :ts derr~and and be i~ addition to the regular monthly install- . ments pravided by the mortgage note. 3. That the abstract or ab$tracts of title coveri~g the mortgaged propetty shall at all times, during the life - of this martgage, remain in possession of the !~iottgagee and in event of the foreclosure o[ this mortgage or other ' transfer of titlc to the mortgaged property in extinguishment of the ind~btedness secured hereuy. all right, title and interect of the ~turtgagor in and to any such absttacis of titl~ shall pass to the purchaser or grantee. ~ ~ 4. To the extent of the indebtedness of the Mortgagot to the Rlattgagee described herein or secured hereby, the ~lottgagee is hereby subrogateii `to th~ lien ar liens and to tho righcs of the ownets artd.holdcrs thereof of each : and every mortgage, lien or other incumbrance on ~thc~lartd described-her*in which is paid and!or satisfied, in ~ ~ whole ~ot in part, out of the pmceeds of the loan dcscribed herein or secuted heceby, and the tespective liens of , ~ _ said mortgages, liens or other incumbranccs, shall be an~ th~ same and each of them hercby is proserved and shall { p~ss to and be hel~ by the Mortgagee herein as security for the indebtedness to the i~~fortgagee herein d~sccibed or hereby secured, to the same extent that it would have been preserved and would have been passed to and been - hetd by ?he ~lortgagee had it been duly and regularly assigned, ttansfened. set over. and deliveted unto tht Mott- gagee by separate deed of assignment, notwithsianding the fact that thp same may be satisfied and cancelled of ` , - tecord, it being the intention of the pariies hertto that the same will be satisfied and cancelled of record by the holders thereof at or about the time of the recording of this mortgage. _ . . 5. In !he event the ow~ne!ship oC the mortgaged prtmises, or any pa~t thereof,.becomes vested in-a person other than the \lortgagor, the ~1orlgagee may, without notice to the Alortgagor, deal with such successor or suc- ~ cessors in interest with reference to this deed and the det+t hereby secured, in the same msnncr as witf~ tne Atort- ; gagor u•ithout in any way v;,:Qti~g or discharging the Mortgagor's liability hereunder or upon the debt hereby ` , secuted. No sale of the premises hereby mortgaged and no forbeatance on the pact of the titortgagee, and no ex- tension of the time for the payment of the debt heteby secuted given by the !~lortgagee shall operate to release, ~ discharge, modify, change or sffect the original liability of the hlottgagot herein eithet in whale or in part. _ ~ ; 5. The lien of this ~eed secures and shalt continue to secure payment of said indebtedness or indebted- nP«, h~wever evidenced, whcther by said nromissorv note or anv renewal or extension thereof ot suhstitUle thsre- _ for, or otherwise, until all such~ indebt~dness shall have been fully paid. _ " ; 1. /n lhe event the mortgagors sell, convey or transfer the mortgaged premises during the lije oJ this mort- ~ _ ~ gage, ~hen this moNgage shall, ar lhe option oj the blortgagee herein, become immediately due aRd payabte for !he . Ju[l sum oJ the principvt batance and interest then due. ~ ~ - 8. The terms "Mortgagor" and "hlortgagee" whenever ustd in thic instrum~nt shall include the heits, ~ - personal reprcsentativ~s, successors and assigns of the resPective parties hereto. R'herever used the singular - ~ number shall includt the plutal he plural tne singalar, and the use of any gender shall includt all genders. ~ _ . _ igned, se d an el' ered in tha esence of: 7 (Seaq _ . ~ ~ •t~--~~t-t7i ~Scal) ~ ; . - ~ ` . _ i~ € STATE OF FLORIDA ~ ~ ` COUNTY OF ~ j SS - _ _ - 5T. LUCIE ~ ~ ~ . , Be(ore me personaliy appeared WIL~~~ ~T~NKIN~ and EUYTHE JENKIi~1S ~ his wife, - to me welt know~n and known tu me tu be the individuats desctibed in and who executed the fotegoing instrument, - ~ - and>acknowledgea before me that they executed the ~ame for the purposzs Iii2Tc'i7- cA~iica5cu'. `niTi~c."i~ ~i~y ia~~u - and official seal in the County and State last aforesaid this 24th Day of May, 1975 - - - - . , - - _ - ~ , - , - _ _ . . ~ ~ty Commission Expires: .Tune 30, 1y75 ,yotary Public, State of lorida at _ - : ~ ; . : - , - - • ~ • 'i, - • . ^ I ~MO fi;li ~SQ~~ - - - _ ~ ~ - - , ~~~.~uaiE :~~K~'r - - : ~bC~R ?~1TRA~ ~ _ Rr C~,eu~r ~~u~i . > - ~ i, ' REC~?D y~Ri-s~~ rt.....~.-...-- ~ = t ~ 1~ ' _ { ~ ~ ~ ~ - .~i..:.... ~ ~ ~ ~e~'x5~~~ ~ ~9 : . ~ ~ I~ soox ~~:0 P cF J ~~~~s~ ~ _