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thi• mortpte or other usaatsr of tills to the ewrtaated property is eatin~uisheeat of the indebtsdaeas secwed hereby, ell right, title
end ialeftal of (tle tdottaaaor m artd t0 any Iaswaace pollciea then IA force shall paaa to the pwchaslr a araattl.
(A) To pertore. caeply +ith aad abide by each and every the atipulatiaas. aareeeeats, eoaditions sad covenants in said promissory
sots and is this deed set forUt.
(i) That it any of said swan of coney herein referred to be not proeptly tad fully paid vr~thia fiReen data neat alter
the saes severally bscoeea dw aad payable, or it each and every the stipalatioaa, apteemeau, eonditioaa and covenaets of said pramis-
sorY note sad this deed, or either, us not fully psr[arsed, coeplicd +ith sad abided bY. the said a~repte errs eeationed is said
promissory hots s411 beeatae dw: and NYablc forthr,ith a tbereatter at the option of the Mortaaaee •s fully and completely •s it the
said aNreaate sue d acid promissory sole +as oriataally stipulated to be paid oa sw;h day. asythisa is said promissory note a Aereia
to the contrary aot+itbsusdiua.
li 1 TMt in order to accelerate the maturity of the indebtedness hereby secwed, because o[ the failure o[ the Matasaor to pay any tax,
assessment, liability, obliption or encumbrance upon said property. as herein provided, it shall not be necessary or requisite that the
matasaee shall first pay the saes.
~. The Mortgagee may, at his option. and without waiving his right to accelerate the indebtedness hereby
secured and to foreclose the same, pay either before or after delinquency any or all of those certain obligations
required by the terms hereof to be paid by the Mortgagor tot the protection of the mortgage security or for the col-
lection of the indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be charged into
the mortgage account and become an integral pert thereof. subject in all respects to the terms, conditions, and
covenants of the aforesaid promissory note, and this mortgage, as fully and to the same extent as though a part
of the original indebtedness evidenced by said note and secured by this mortgage, excepting however. that said
sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regular monthly install-
ments provided by the mortgage note.
3. That the abstract or abstracts o[ title covering the mortgaged property shall at all times, during the life
of this mortgage, remain in possession of the Mortgagee and in event of the foreclosure of this mortgage or other
transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby. all right. title
and interest of the Mortgagor in and to sny such sbsuacts of title shall pass to the purchaser or grantee.
4. To the extent of the indebtedness of the Mortgagor to the Mortgagee described herein or secured hereby,
the Mortgagee is hereby subrogated to the lien or liens and to the tights of the owners and holders thereof of each
and every mortgage, lien or other encumbrance on the land described herein which is paid and/or satisfied. in
whole or in part, out of the procetda of the loan described herein or secured hereby, and the respective liens of
said mortgages, liens or other encumbrances, shall be and the same and each of them hereby is preserved sod shall
pass to and be held by the Mortgagee herein as security for the indebtedness to the Mortgagee herein described
or hereby secured, to the same extent that it would have been preserved and would have been passed to and been
held by the Mortgagee had it been duly and regularly assigned, transferred, set over, and delivered unto the Mort-
gagee by separate deed of assignment. notwithstanding the fact that the same may be satisfied and cancelled of
record, it being the intention of the parties hereto 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.
S. In the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person
other than the Mortgagor, the Mortgagee may, without notice to the Mortgagor, deal with such successor or suc-
cessors in interest with reference to this deed and the debt hereby secured, in the same manner as with the Mort-
gagor without in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby
secured. No sale of the premises hereby mortgaged and no forbearance on the put of the Mortgagee, and no ex-
tension of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to release,
discharge, modify, change a affect the original liability of the Mortgagor herein either in whole or in part.
6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted-
ness, however evidenced, whether by said promissory note or any renewal or extension thereof or substitute there-
for, or otherwise, until all such indebtedness shall have been fully paid.
7. /n the event the mortgagors sell, convey or transjer the mortgaged premises during the lije of this mort-
gage, then. this mortgage shall, at the option of the Aortgagee herein, become immediately due and payable jor the
jell sum of the principal balance and interest then due.
8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs,
personal representatives, successors and assigns of the respective parties hereto. Wherever used the singular
number shall include the plural and the plural the singular. end the use of any gender shall include all genders.
(Seal)
, sealed deli red i e presence
i
(Seal)
STATE OF FLORIDA
COUNTYggOF~X1Q~ ss
BeTore meupeisonally appeared CHARLES P. CRAWFORD &Ild PATRICIA A. CRAWFORD, His
to ate well knorm and known to me to be the irdividuals described in and who executed the foregoing instrumentWiYe
and acknowledged before me that they execFt~e~ the same [or the purposes therein expressed. WITNESS my hand
and official seat in the County and State last aforesaid this 23rd. Day Of Augu~~ 1969.
FILEO AND RECORDEQt
ST. LUCIE COUNTY. FLA. _ ,,~
.
ftECOf?~ VERIFIEQ ~
June 30,
State of
1971 Notary Public
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~+ly Commission
'69 SEP 5 AEI 10:42
aQGF R i'oITRAS
CLERK CIRCUIT COURT' _
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