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M~s mMtpEe or othr~ lranc(tr of utle ~o the mott~{a~td poptrty m ex~inruuAmen~ c,~ the ~ndeb~eaness secwed hereh~, ali ri~ht, htlt
and ?nte~est u( the Mo~t~a~w ~n .nd w any ~ncurance poGc~es then ~n (orce shall pass to ~he pu~chase~ or ~rantee.
(A) To per(r,rm. ..unply ~r~th and ah~de hy eacA aod every Ihe cupulaUoos, •~rcements, condit:oo+ ar.d co~en~nt. ~n aa~d p~u+n~~iory
note and in ~h~. deed ce~ to~tA.
(~1 That d an~ u( .r~d .~m~ o( rr.one> hrrt~n refcrrcd ~u be nut promptly aod (uUy pa~d auh~n t~ftrrn Jr>'. nt~t a(te~
the same sererally bccnmes Jur anA payable,a ~f each and eve~y ihe ct~pulaucu~s, •~rccmrnts, ~undit~ona and cavenants of .a~d Qrumi.- j
.~u> note and th~s deed, or enher, are not (ully per(ormed, compLcd v.~~A ~nd ab~ded hV, ~~e .a~s aRarcKa~e sum mrnuonrd ~n ce~;i ~
prnmi~cory n~te ahall bec~xne due and pa>able fottA~~tA o~ therealter~at ~t~i~ ~e~:~,_Kl~pr~r.:~~g~r ay.~~y,(l:~n~1~''r*~,Fe~g'lj~~ A~!~ 2
.a~d a~`re~ate +um of ~~~d pr..m~c,wy nott ~as on~enaily sUpulated to bc pa~d un ~uch u~y, an)~h~n~ m aa~d prom~swi~ nou heresn ~
to the contrary not~ithstand~n~t, ?
1, 1 Tha~ ~n ~rdrr tn accelero~e the m~tunty u( the indeCtedntss haeby secwrd, secause of ~he tailure ot ~he Mort~r~~x ~u pay any iaa, ~
•s.c..;ment, l~rb~Lt>, ~.I+I~Kauon rw cncumbnnce upon sa~d ptoperty, ac herun p~ov~deQ, ~t sAall not be nece~~ary w tequisut ~hat tAe ~
m,,;~R~Ree .hall t~r.t ~y the ~ame• f
The ~1~~rtFagze ma~~, at his option, and without waiving h~s tight to accelerate the indebtedness hereby =
.ecured and ta foreclose the ~ame, pay either be[ore ot aftec delinquency any or all of those certain obligations ~
required by the tzrms hereof to be paid by the ~tortgagor for the protection of the mortgage security or for the co!- y
lrction .~f thr indebtrdne~s hereby secured. All sums so ad~~anced or paid by the hlottgagee shall be charged into ~
the murtgage account and become an int~gtal part thereof, subject ~n all respects to tht term~, conditions, and
r~~vznants of~ th~ af~~resaid promissory note, and this mortgage, as fully and ta the same extrnt as though a patt !
of thr orig~~al indebtedness evidenced by said note and secured by this mottgage, excepting howevet, that said
sums ~hall be repaid the !~lortgagee forthwith upo~ its demand and be in addition to the regular monthly install-
ment~ providrd by the mortgage note.
That the abstract or abstracts of title covering the mottgaged propetty shail at all times, during the life ~
of thi. mortgagc, remain in ~?c~ssession of the ~lortgagee and in event ot the foreclosure of this mortgage ot other
tran~ir~ ~~f title to the mc~rtgaged property in extinguishment of the indebtedness secured hereby, all right, title
and intere.t of th~ ~tortgagor in and to any such abstracts of title shall pass to tfie purchaser or grantee.
J. To the extent of the indebtedness of the 4lortgagor to the \iortgagee described herein or secured heteby,
the ~i~~rtgager is hereb~• subrogated to the lien or liens and to the rights of the owners and holders thereof of each
a~d every mortgage_ lien or other incumbtance on the land described htrein which is paid and'or satisCed, in i
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 i
pac~ a~ and b~ held b}• the ~tortgagee herein as secutity fot the indebtedness to the ~lortgagee herein described }
or hereby ~ecured, to the same extent that it w•ould have been pteserved and would have been passed to and been '
hcld by th~ ~k~ttgagee~had it been duly and regularly assigned, transfectcd, set ovet, and delivered unto Ihe Mott-
gagec b~ separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of
record, it b<<ng th~ intention of the patties hereto that the same will be satisfied and cancelled of record by the y
holJers there~~f at ~~r ahnut the time of the recording af this mortgage. ~
5. In the t~•ent the aw~ership of the mortgaged premises, or any patt thereof, becomes ~~ested in a pecson
other than the ~k~rtgagor, the \lortgagee may, without notice to the ~tottgagot, deal with such successor or suc-
cessors io ~nterest with reference to this deed and the debt hereby secured, in the same manner as w~ith the ~1ort- ~
gagor N•ithout in an~• w•ay vitiating oc discharging the !~lortgagor's liability hereunder or upon the debt hereby
secared.'!v~ sale ~•f the premises hereby mortRaged and no forbearance on the pert of the ;1lortgagee, and no ex-
tensi~~n of the t~me for the payment of the debt hereby secured given by the !~lortgagee shall operate to release,
discharge, modif~~, change or affect the ~riginal liability of the ~lortgagor herein either in whole or in part.
6. The I~rn of this deed secures and shall continur to secure payment o1' said indebtedness ot indebted-
nes,, huwc.~~r e~•~denced, whelher b}• said promisson~ note or any renew•al or extension thereof or substiwte there-
'i for, or othetw~se, until all such incfebtednesc chall ha~•e been fully paid.
~ 7. !n the• ~•~•~•nr Ihe mo?tRaRors sell, com•e?• o~ hansJer the mon~aged premises during the IiJe oJ this mort- T
i ~urr. Nren lh~. ~r~.tcate shall. u? thc~ op~ion nf ti~e .tlort~aXeP herein, become tmmediately due and payable jo~ ~he
i lult sum o( th~~ ~?rnr~~a! iwlurtcc and ~nterest thcn due. ~
~ 1. The trrm~ "\1~~rtgag~r" and "\tortgagee" whe~ever used in this insttument shall include the heits, '
~ per~onal representaUves, successors and assigns of the respecti~e patties hereto. W~herevet used the singular
~ nu er shal! include the pl d the plural the singular, and the use of any gender shall include all genders.
F
~ d~eal ered the ~r sence of• r/-r-Q..•Gt.a (Seai)
~
~ (Seall
~ STATE OF FI.ORInA I ' ~
3 ('nL'NTl' OF ~ ;
~ ST. LUCIE gg~~3 PETRUCCI an unmarried man, also known ~
~ Refore mc personally appeared G p~; R f
~ to me w•ell knoKn and known to me to ba~h ~v~u~Ts 3esrcnbicdCn and who ezecuted 1he fotegoing instrument,
~
and acknow~leJgeJ hefore me that they executed the same for the purposes therein ezpressed. WI'i'NFSS my hand
= and i~ff~cial .cal ~~t~~C',BpJj;y~~~~~~t afotesaid this 28t,h H&~ of February, 1970•
' L:ICi~ C~U~iTY. Fl.:.
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