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th~s mat~aee or oihe~ lransfer o( Ulle to the mortsa~eA prope~ty m exun~~~shment ul lAc ~ndebtednus secwed Aereb>, .11 r~~At, tule
and ~nte~cst o( the Mo~t~~tur ~n and to ~ny inswance polic~es ~hen in (ace eA~U pass to ~he purch~u~ ur ~~aatee.
(h) To perfam, comply ~r~U aod ab~de by each and eve~y the supulauuns, ~~reemenes, cond~hons and cuven.nts m sa~d prum~sswY
oote and in th~x deed set forth,
(i 1 That d anY uf sa~d sems u( moncy here~n re(erred to be not ptompQy and (uUy pa~d ~'~tA~n l~f~een days ne~~ altet
the same severally be~oa~es due anA pay~nle,or ~f escA and every the s~ipulations, a~reements, cond~t~ons •nd covenants o( aa~d ptumis-
saY note and th~s deed, or e~ther, ue not lully per(ormed, complied w~th and ~b~ded by, tAe »~d aNtre`atr sum ment~oned m sa~d
pom~sswy no~e sh~ll become due and payable fortAr~th or tAereatter at tAe opt~vo o[ ihe Mo~t~a~ee as fully aod completelY as ~f the
caid s~~rc~ate sum ot said promissory note was or~`~nally supul~ted ~o be p~~d on such d~y, anythin~ ~n ssid promisrory note ur here~n
to the contrary notWi~Astand~o~.
U) Tha~ ~n order to acceler~tt lhe matunty of ~ht indeDtedness Aereby aecwed, Eecause of the fa~lu~e o( the Alor~sst~r tu pay any ua.
asse~smen!, tub:6[y, obligation or encumbnnce upon sud property, as herem provided, ~t sAall not be neetssa~y a requ~ei~t Ihat the
mo~~ja~ee shall t~rst pay the same.
The Mottgagee may, at his option, and without waiving his right to accelerate the indebtedness heteby
secured and to forecfose the same, pay either before or a[ter delinquency any or all of those certain obligations
required by the terms hereof to be paid by thc Mortgagor for the protection of the mortgage security or for the col-
lection of the indebtedness hereby secured. All sums so advanced oc paid by the Mortgagee shafl be charged into
the mortgage accaunt aad become an integrat part thereof, subject in all respects to the terms, conditions, and
covenants oG the aforesaid promissory note, and this mortgage. as fully and to the same extent as though a pact
of the original indebtedness evidenced by said not~ and secured by this mortgage, excepting however, that said
sums shall be repaid the [?lortgagee forthwith upon its demand a~d be in addition to the cegular monthly i~stall-
ments provided by the mortgage nole.
3. That the abstract or abstracts of title covering the mortgaged property shall at all times. during the life
o! this mc>rtgage, remain in possession o[ th~ Mortgagee and in event of the foreclosure of this mortgage or other
transfer of title to the mortgaged property in extinguishment of the indebtedness secuted hereby, all right. title
and interest of the !Nortgagor in and to any such abstracts of title shall pass to the purchaser or grantee.
4: To the extent of the indebtedness of the Mort~agor to the hiortaagee described herein or secured hereby,
the Alortgagee is hereby subrogated to the li~n or liens and to the rights of the owners and holders thereot of each
and every mortgage, lien or other incumbrance 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 ot 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 Mortgages hercin as security [or the indebtedness to thc Mortgagee herein described
ot hereby secured, to the same extent that it w'ould have been pteserved and would have been passed to snd been
held by the !1lortgagee had it been duly and regularly assigned, transfened. set over, and delivered unto the Mort-
gagee by separate deed of assignment, notwithstanding the fact that the same may be satis[ied and cancelled of
record, it being the intention of the pazties hereto that the same w~ill be satisCied and cancelled of record by the
holders thereof at or about the time ot the recotding of ihis mortgage.
5. In the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person
other than the \lartgagor, the ~lortgagee may. without notice to the 4lortga6or. deal with such successor or suc-
cessors in interest with reference to this deed and the debt hereby secured, in the same mannet as with the Mort-
gagor without in any way vitiating or discharging the ~lortgagor's liability hereunder or upon the debt hereby
secured. No sale of the premises hereby mortgaged and no forbearance on the part of the Mottgagee, and no ex-
tension of the time [or the payment of the debt hereby secured given by the Mortgagee shall operate to release.
' discharge, modify, change or affect the otiginal liability of the Alottgagor herein either in whole or in part.
I 6. The lien of this deed secutes and shall ca~tinue to secnre payrrfent of said indebtedness or indebted-
~ ness, however evidenced, whether by said promissoty note or any renewal or extension thereof or substitute there-
f for, or otherwise, until all such indebtedness shall have been futly paid.
f l. In the event the mortgaRo?s self, convey or IransJer the mortgaged premises during the lije oJ this mort-
I RaRe• ~hen this morlgage shatl, ar rhe option aJ the Afortgagee herein, become immediatety due and paya6le jor the
~ Jull sum oJ the pnncipal balance and interest then due.
8. The terms "4lortgagor" and "tilortgagee" w~henever 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 of any gender shall include all genders.
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~ Sig d, ~ealed anJ ~v red in pre nce of: ~ (Seal) '
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STATE OF FLORIDA I
COUNTY OF~Y ys
S LIICIT ~
~ ~ecore me personally apPeared ~D~ H~~1ARD I~AWRENCE and AGNE3 LAWBENCT,HisWife
- to me well known and known to me to be the individuals described in and who executed the foregoing insuument,
and acknowledged before me that they executed the same foc the Qurposes theSeiq expr ssed. Wj my hand
and otficial seal in the County and State last afotesaid this ~5tl1 D8~ OZ UCt 6r~ l~~'v7•
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~ ~1y Commission Expires: 5~~~~.~1 Notary Public, State of
; 'FiL'EO AND RECOROED? - ~ -
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~ ST. LUCIE COUNTY. FLA:' " ~
RFCORD VERlFIED = ~ _ -
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~ 186Q0;~ _ _ , -
'69 NOV 2 0 PEI 2: 2 9 ,
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v~'' ROGER POITRA~ 0 R ~j
BO~K 1v1 PAGE 57~ ~
~ CLERK CIRCUIT COUR'f~
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