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' • • Our file 5-18,61.9
tAi~ wo~ya~,~ ar ot?w ttu~st~t of titl~ to iM ~ort~~~d pto~ttr u~atis~~isl~~t of tM iede0tednesa ~ecured AerebY. ~I! ri~At, titls
a~d latanat oI H~ Yorys~a ~ aM to aay buwance oolici~~ Us~ ia faa~ as~ll a~a to tlw ~ce~us~ or ~t~Ais~.
(iJ Te pe~(ans, eaylr ~it~ aad •b~t by e~eA au0 s~trr t~~ stipnlatio~s. suessaau. coadiciau aea covssaats ia s~id ~oeiasay
aot~ uW ia tAi, dssa s~t tortA.
(i? That i( ~nY of a~ia ~ues o( ~oaey ~e~~ia re(eRed to be aot pca~qtly u~d tully paid ~~tMia titleen d~Ys ncat ~h~t
d~~ su~ s~venlly 4~eo~ dw ~d ayael~, or it e~cY ud ~w~y tiH stipdatiou. ~~asoeaa. a~uditioss ud covmu~u of said ~owis•
aar aote asd tAia 1s~. or ~itMr, an aot tullr pe~lo~ed. eaw~lisd ~i~ aad ~bided by..tlN saai ~ureute su~ westia+ed is s~id
prowiuo~r pot~ ~Ya11 esco~s dw aad ay~sle fad~.it4 ar eM~~atur u t~e aptioa~at tAe Motssa~~e ~s (n11~. s~d co~letey as it the
s~id s~tNq sw~ at ~aid pca~iuary ~ot~ ~u ariswiip stiprl~t~d to b~ Otia as auc! day. aaytALy i~ ~~id rro~i~sory noie oc ?e~sis '
to ~be conuary sot~ri~Ast~~diy. -
(j ) 7Aat in ordsr to ~tc~IK~te We w~turitY ot tA~ iadebudnss~ bettby sea~ed. beearse ot tAs faih~s of the ?i«u,~« ~o p.r .nr ~,a.
asseasweet. liability. dli~aliaa ar eecw~seee upn+ s~id prop~ny, as heteia ~ovi~. tt sAall aot be aseesauy or re~iaits ~hat the
eat~a~ee shali Cast p~y dts ssse. -
2. The Mort~s~ee may, st Ais optioa. a~d withoui waivin~ his ris6t to sccaletals the iadebtedness hereby
secured and to faeelose the same. psy eithar be[ore or sttec deliaqueacy any oc all o~ thosa cert~in obli~stions
required by the terms hereoi to be paid by the Mon~a~or tor the protection of-the awrt=a~e sacurity ar [or ihe col-
lection of the indebtednest hereby secnred. All sums so advanced or paid by the Mott~a~ae sh~tt be chu~ad into
the mort~as~ account and become an inte~ral put thereof. subject ia atl respectt to tha terras, conditioaa. aad
cavensnt• oi tba doresaid promissoty aote, and this mort~a;e, as fuUy aAd to t6e s~ms exteat as tbaisb a put
of the orisieal irdebtcdaef• evidenced by said note snd secured by thit mortssje, exceptin~ however. th~t said
sums sha!! be repaid the Mortsasee fathwith upon its d~m~ud aad be in additioa to the re~uiar anoathly iastall- ~
ments provided by the motts~e note. .
3. That the abttraat a_ abstcacts of titie covcria~ tl~e mun~ased properq sheil at ali tiates, duria~ the tifc ~
of this mort~a~e, remain ia posse:sion of the Mortja~ee and in eveat ot t6e foreclosnre of this mort~sse or other
~ transCer o[ title to the aart~s~ed property ia extia~uishment of the indebtedncss secured heceby, all ri~ht. title
and interest ot the Mort=a=or in at~ to any such abstcacts of title s6alt psss ta tbe parchascr or ~raatee.
' 4. To the exteat of the indebtedness of the Mon=~~oc to the Mo~tta~ee.described hecein or securcd;l?ereby.
the Mort~asee is hereby subro~ated to the lien or lieas and to the tithts of th~ owners and 6otdera tberaoi"fl[ each
and every mort~ye. {iea~or other iacwnbraace oa the iand desctibed herein which is paid andfor satl~ad. in
w6Qle a in put. out af the proceeds of the loan described herein or seeured hereby, and the mapeetiiia-li~ns of
said mat~a=es.liea~ or other iacombraaces, shsll be sad the ~same and each of them hereby is pnserved ~d shall
pass to and be held by the Nioitfa~ee hereia as security for the indebtedness to the Mort~asee 6erein ~etccibed
or hereby secured, to thc same extent that it wonld have been preserved"aad wouid 6ave been passed to titb been
held by the Mortssseae had it beea daly and re=alatly assisaad, transferred, set over, aed delivered unto ~be Mort•
~asee by sepatste deed of sssianment. notwithstsadin~ the [act that tha stma may be satisfied and cancelled of
recad. it bein= the i~teatioa of the puties hereto that the samt will ber suisfied u~d emcellad of record by the
holders theteo~ at or about the timt of the recordins of this mott~a~e. ~
S. Ia the event the ownership of the mortsased premise:, or any put ihereof, becomes vestad in a persoa
other than the M~xtsa~a, the Mott~atee may, without notice to the Mort~asor, dest with snch successor or soa
cessors in iaterest with reference to this deed and thE debt hereby secared, 1/1 t~ talll0 fU~1If1Et Mttll t~iC MOft-
eaior without in any way vitiatias or discbu~ins the Mortsasor's Iiability hereuader ot upon the debt hereby
secared. No sale of the premises hereby monsaaed aad no [abearance oa the pstt of the Nbrt~ajee. and no ex-
teasian of the time fos the paya~ent of the debt hereby secuced siven b,r th~ Mortsasea shall operatE to release.
dischuae, aadify. chu?~e a affect the aiainsl liability of the Mortsa=or henia aither ia ~?hole or ia part.
6. The liea o[ this deed secnres and shalt ecmtiuue to secure payment of said iodebtedaess ot iadebied-
ness, however evideaced, ~?hether by said ptomicsory rwte ot any reaewaf a extension theteot or substitute tbere-
for, or oiherwise, uatif all such indebtedness shall have been fully psid.
7.. /n the evtnt she mortgago~s sell, convey a na~sjer the ,nortgaged pre~ises dwing the lire oj this ,~ort•
gage, then.this rnor?gage shall, at tbe oplion oj the Mortgagee htnin, beco~e iinneediately dut aad payable jor die
jull sum oJ the principal bolance ond interest then due.
8. The te~ms "Murt~agor" and "Mort=agee" whenever used in this instrumeat shall include the h~its,
pc~sonal repreaentatives. succeasors and assesns of tbe resptctive patties henW. 1Yhetevet used the sin~ular
number shall include the plural and the pluta! the singulat. and the use of any sender sh~ll inclnde ;11 6enders.
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' ed, saaled a deliv ed in the esence of: (~ap
. , ~ (Seal)
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STATL OF FLORIDA . - .
COUNTY OF~
3T. LIICIS ~
Bcfore me persoa~lly appeared DAVID REED ead . BLNORA ~D~ His t~?iPe
to me well Imorm snd kaoMra to me W be t~ individu~ls dascribed ia .ta~ rvlw e:ecnted tha lote~oin~ instru~nent.
and ac~ledfed befae me thst tlter esecatad the s~ne tor tba.p~apo~ea, tharein expreased. WlTIVESS my hand
and otficisf seal ia the Connty and State last aforesaid this - 13fih D8y of September, 1969.
- ~ILEi? ANO RECaROED" ~ - - -
ST. LUCIE COUMTY. FLA. .,,;;,;,;,j;
RF r,ORC~ 1?~RIFIEp . .
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` C1.ERK CtRCUIT COURT~ `'r.b'•'~`~}~~•'K'
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