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~ ~lvri~~{or. In event u( furrclwure u( t6i~ ~uurt~rKe ur o?her trns(er ut tiile tu the ~uonKrRed µtuExrt~ ~u c uiupuiatuue~u ~I tY~r iudrbt
~ cdnea~ ~ecured 6ercby, •ll riKht, tidc rnd iuterert of the '.Nort}~aKor in and io ¦~y in~uc:nce poLcire thrn in forvr +hrli }~ahe to th~
K NurrhMet ur arapt~t.
ih? Tu petform, ea~toplr wilh aod ¦bide b7 e+ch rad every t6~ atipul~tioae, rgreemeats, ~oaditiood ~ud ~~~~tu~n1~ in ~aiA pram~eeer,
~wte and in tbu deed ~et (orth.
tii 'Y'hat i( aar e( atid ~unu o( ruoneq htrein rcferrcd ?u lx nat pruu~ptly and full~ ~id wit6in flft+~ru drY~ urrt
eftcr tht s~mc ~evetallr bccame~ due and payablt, or if each a~N! every the etipulation~, ~6recwentr, eor.ditiuns aad ro~curnu o( raid
µroiniwr7 sute apd t6i~ deed. o~ eitbe~~ are ~ot fUIIr PCf{Ofll~td. cauplied witb and abided by, tLe raid •~Rrtsate eu~u mentio~~eJ :rt
~riJ promirory note t~all becomt due and payable forthwith or thereaftr.r st the uption oi tht NurtRrRer. ae fully •nd co~upletely ae
it the said a~repte wui o! a~id promiuory nwe wss orisinally ~tipul~ted tu l,e p~id un euch d~y, anythinK ia eaid promiaory not~
,~r licrein !o the contntr nawitlutrndins.
Thrt in urder Is aceelente tl~e inalu~ity uf td~ 6nJebiedoe~ herebq eecured, brcruse uf th~ failure uf ~e MunKaRur tu µry aor
cd~c, rsscs~men?, liabili[r, obli6ati~n or encumbnnce uE?un arid propertr, ~e herein proveJrd, ;t shrl! a,ot be nree~~ar~ or rPyui~ite th~t
!fir ~iiurtSaRer ~hall tint par the eame.
'TLe ~1~urt~agee u~ay, at hia uption, and without wai~~ing liiK rigl?t tu acceleratr, thr. ~ndebtedueae hr.reb~
~cur~ aad to forecla?e the a~tme, pay either befort or after drlinquency any ur all uf ti~use certain obli~ationx
requircd by the tcrm~ hcreof ta be paid by the Mortgagor for tlie protectiun uT the iuortga~;r ~ecurii}' ur for th~ collec•
tion of ihe indebte~ineea hereby uecured. A11 suma eo advani~ed or paid hy~ ihe ~~urtgaKee .~hall I~ charged into the
±,?uriga~e account and bei.-ome an integral p~rt thereof, rubject in uli reepects t~? tFie term~, c~z?ditione, and coven~ntP
uf the afureeaid promieu~or}' noie. and thia mortga~e, ae fully and to the ~me extent ati thuugh a puri o( the ur~ginal
indrbtedneas ee•iaenc~d by NAid note and xecured by thia martgape, exceptiug huwe~er, that ssid aumc. ahall he repuid
c;~e l~ort~agee iorthH•ith upon ite demand u:td !r~ in additian to ti~c• regular motithl~• invtallinent~ r,r~,~~de~l t,~~ chf•
anurt(;a~e note.
3. That tlte abetr•rct or alu~irgcta of titl~ covering tt~e murigaged ~,roperty ~hali ut all time~, durinK the life uf
thiH uiort{;age, re~nain in poe~eseion of ihe ;~iortg~gee and in c:cent of the foreeloeure af thie m+~rt~age or uiher tranefer
of titie to the nio-l~ageci property iu e~tinguiehment oi the ind~btednesy secured herebti•, a1( ripht, title and intereat
a[' the :~Iart~agor in and to any e4ch abetracte of title ~hal.l p~as to the ~nrchaetr or prantee.
4. 'Io ihe esient oF ttte indebtedneae oi' the Mortgsgor to the ~lortgagee dedcribed herein or secured hereby,
the 1~ortgag~~ ir, hereb~• eubrogated to the lien or liertB and to the righte of t{xe o~?nera an~~ l~oldera thsreof ot each
and every mortgdge, lien or other incumbrance on the 3aad describe~i t~erein w-hich ie paid and; ur satisfied, ir? whole
ur in part, out of the prace~ede af the laan deecribed herein or secured hereby, au~l tl~e respective liena of eaid xnort-
~uges, 19ena ar other incumbranc~s, shall be and t6e eame and each ~,E t{iem here.be~ ie preaen•ed acnd ahall paue to and
i~e heid b~• the Mortgagee herein ae security for the indebtedneey ti~ the 11ort~agee herein c~f~ycribed or lierehy eecured,
tu tlie same extent that it H-ould have been preeen•erl and wouid ha~e heen paaeed to and heen heit~ by the, ~lortgage.e
had it }~een duly aad regularly aasi~tied, trsnaferred, aet over, a~ed delirPred Qmto t{~e illortra~ee h~• ,:c~~~arate deed of
a++i~unent, nothithetanding the faet that the ~ame may be s:esisfied and cancelied of record, ii beii~g thr intentiun of the
;,•rrties liereto that t~e Eame will 1~r aatiafied and cancell«i of reeord b~• thc hc+ldera thererif :it or .i1~ot~i tiie time of
t1~e recordin~ nC thie mortgage.
S. In the event the ownerehip of the mortgagtd pre~~i!;re, ur atir part tliereof, becornew ~ested in a prraon other
than the :4'[ortgagor, the i~ortgaKee mar•, without notice to the 5iort~agor, deai with Auch +ucceeu+or or ~ur.ceeiwre in
ii~tereat with refer~nce to ihia deed andl the debt hereby eecured, in tli~ san~e manner as N•ith ti~e 11ort~a~o~ withaut
iu auy war ~~Yiat±ng or diecharp,ing the Mortgagor'a liabilitti• hereund~r or upon the debt hereby esecured. ~to sale uf
the prr,rnie~ l~ereb}• niort agrd and no forbearance c?n tiie part of the '~tort~aRee, and no extension ~?f the time for the
pavn~rnt rr[ the d~bt i~ere~~- s~cnred given bv iht Martgag^be ehal! operate t~ releat~e, ~ligciiar~e, sr~odif}-, change or affect
the~ ori~inal liabilitt• of the :Nortga~yor herein either in w6vle or in part.
i~. "I':ie !:e~ t•f thie deed aecuree and ehall continue to eecure [?a~~met~t uf Haid indebtedne~~ nr indebtednesa,
lioN•ecer ~-~~idenced, whetner by saicl promieaory note or ~ny reuc»a: f~r ~xtenaion thereof' or H~~betitute therefor, or
otl~erwiae, nntil all such indehtednee9 Rhall havt been fulh• paid.
7. In tl~e ez~e~tt the nt~»-t~rn~ors setl. con~~ev nr .i-nns(er ilrc~ r~tmY~~n~ed ~~r~mises cl«rin~ thc !i(t• of ,+Itis mort~n~r.
-;rf-n tlris mnrt~rn~e shn,7f, at t%re oUticr: oj the :lfc~rtfin~r°~' Ttt~!'riir. '~F'crirn.E~ i~rt»trdiRtr•l~~ drre artcl f~n}'a~~~ fo~~ tl:e jt~il sttru nf
tl!r• 1~rr~icipnl (~alnnce ~incl i>iterest the~i de~e.
~3. 'I'he terme "?ViortRagor" and "Mortga~ee" whenever used iu this instrument aliall include the heira, personal
repre~ntativee, succeseorw and ae~eaprnc~ of' the reapective partieA hereto. Wherevtr uts~ed the e~ingul~r number Ahall include
, the Vlu~al and the plural the eingular, and the uee of any ~nder shall include all ~enderx.
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~i~ned, eealed and delivcred in tl~e preeence of: ~ -~GC-~~ ~58AL~
~ ~C%.~'E--lC.-r~Ty" . 11~7..7~<-L'Lw ~~~t'.'. (-~~C'.{1 ~S_~!~.t.~G.c: G-~` . l~EAL)
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5'i`ATE OF FLORIUA
t;OUNT'Y OF }~AT7F ss
'.t=:;1 r .
Bafori me ptraonai~3" aPPC7litd . . . . . . . ~_aL(i .;t~ t'..1 . i_..,., i~ i . i ,
to m~e well known and known to me to b~ th~e individualR deecrib~ed in and who Extcuted thr. foregoing inetrument, anrl
acknowledged before me that they executed thc eame for the purpoaee thereia expresetd. a%ITNESS rny hanc~ and
o~cial seal in tl.~ ~Cottnty and State laet aforeaaid tliie ,i~:,~ n;' _;u}~ , ; u
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Alotary Publ}c, SWte ot Florida at Larg~ ~ r,;
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My Commission Expires June 30, 1~67.
M~dtd By American Surety ~o. af n. r.
Mv (:on?rni~?)',nn~ ~'acpitea: ~i , a R~.(;..... ~otary Public, State of ~
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~ R~GEn r~G1-i~rcA5, G~ERK
ST. LUCFE C4UNTY. BO~~c~~~
~ ~'~ORIDA