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this atataa{e a other tntuter of title to the mataaaad property is estiaauishmaat of the indebtedness sscwed hereby, all rt{Itt, title
and interest of the Atortaa{ot is and to say insurance policies rhea in farce aball pass to tM putcbaarr a {raatae.
(h) To perform. comply t-itlt sad abide by each tad every the ttipulalioas. ajreemeats, conditions sad covenants is said promissory
note and in thts decd sat forth.
li) That it any of said sutu of matey herein referred to be not promptly tad fully paid •rtthia fifteen days nest after
the same severally becomes due tad payable. or it each sad every the atipulatioas, a{reements. corditioas sad covenants or said ptomis•
say note tnd this deed, a either, ue not fully performed, complied tritA and abided by, the said akreaate sum mentioned in still
promissory note shall become due and payable tathWith a tbereaftsr tt We option of the Mat{aaee as fully sad completely as if the
said tare{rte sum of said pratiasory note vas on{iaally stipulated to be paid m sucA dsY, aaythiaa is said promissaY note a herein
to the coatruy notvitMtaadit>a.
(j 1 That in ceder to accelerate the wturity of the indebtedness Hereby secured, because of the failure of the Mat~ata to pay any tea,
assessment, liability, obliattiat a encumbrance upoe acid property, as herein provided, it shall not be necessary a reQttisite that the
mat{a{ee shall first pay the same.
2. The Mortgagee may, at his option, and without waiving his right to accelerate the indebtedness hereby
secured and to [oreclose-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 for 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 part thereo[, subject in all respects to the terms, conditions, and
covenants of the aforesaid promissory rtote. and this mortgage, as [ully and to the same extent as though a part
o[ 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 regutu monthly install-
ments provided by the mortgage note.
3. That the abstract or abstracts of 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 o[ the indebtedness secured hereby, all right, title
and interest of the Mortgagor in and to any such abstracts 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 1+lortgagee is hereby subrogated to the lien or liens and to the rights o[ the owners and holders thereof of each
and every mortgage, lien or other incttmbrance on the land described herein which is paid and/or satisfied, in
whole or in part, out of the proceeds of the loan described herein or secured hereby, and the respective liens of
said mortgages, liens or other incumbrances, shall be and the same and each of them hereby is preserved and 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 acrd 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 puties 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 o[ the mortgaged premises, or any part thereot. becomes vested in a person
other than the IVMrtgagor, 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 part 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 or 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 of any renewal or extension thereo[ or substitute there-
for, or otherwise, until all such indebtedness shall have been fully paid.
7. In the event the mortgagors sell, convey or transjer the mortgaged premises during the lije of this mort-
~age, then. this mortgage shall, at the option of the Mortgagee herein. become immediately due and payable jar the
Jul[ 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, and the use o[ any gender shall include all genders.
Sig d, seated and deli red i e presence of: (Seal)
. ~ •
2 SeaD
STATE OF FLORIDA v
ss
COUNTY OF ~*Q>bt
Bc[ose me pLersona ly appearedHAROLD NEWLAND HINTON atld GLORIA SHIRLEY HINTON,Yiis
to me well known and known to me to be the individuals described in and who executed the foregoing instrument, wife
and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand
and official seal in the County and State last aforesaid this 30th Dap Of Au 1969.
1 w ~ ~ . ~ a, ..,;
June 30 , 1971 Flor
~~yy ommission Expires: Notary ('ublic, State of
~ICE~ AMfl RECORDED
ST, LUCIE COUNTY, FLA.
'%=.COf?1 tl~' ~iFiE~
'69 SEP 19 A~S~ 207
~~~: _:~.~ .~ol. R;,S 8179 r~~~8
CLERK CIRCUIT COURT
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