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Our file S-?!, 577
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thu eaa~~~~c a a~At~ u~ns(e~ ol t~tle to tAe mort~a~ed pope~ly m e?Un~u~shmea~ u~ the ~odebtrJness sccweJ Aerel~>. ~11 ~~~At, uclc ~
an.f ~me~cst oi tAe lNo~~~~sa m rnd ta ~ny ~nxw~nre pol~c~es ~Aen ~n Iwce sh~ll p~ss ~o tAe pwcA~se~ or ~~an~ee. ~j
(h) Tu pe~lorm, cotaply ~r~tA •nd ab~de b~ eacA and every tAe RIIpYI~l10f1f. ~at~tlwtOti. tond~t~ons and covenan~s ~n x~~d p~am~.a~xy jS
nute and +n ~Ms derd sri tatA. }
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1 Thal d any of a~~d suau ol ~noncy here~n rc(encd se no~ praap~iy and (u11Y D~~d ~ uA~n (~heen Jay. ae~i a1~e~ 1
the same se~erally secanes due aad p~Yasle,a d each ~nd evetY tAe st~pul~t~ons, ~~reea~ents, comtit~ons and ceven~nu o( aa~d pwn~s- ~
zory nou u~d tMs deed, w euher, art na fully perfor~ed, compl~ed ~~U+ and ~sided by, tAe .~~d aKreqte sum mem~med m~a~d
poa~~rsa) nate sMll becose due and paf~ble tatA~~tA w thereatte~ •t tAe opt~on ot ~Ae 1lat~a~ee as (ully and completely as ~f Ihe
ca~d a~pe~~te su~ of sa~d paaua~orY aote or~~~ealiy supulated to be pa~d on sucA daY. anytL~n~ m s~~d prom~asory ~o~e o~ Aere~n
~o tAe contr~ry t?ot~uhst~nd~n~.
1 TAa~ m wder io aceele~ate the aytunty ot the i~?debtedness Aeresy sec~ued, sec~use ot the (~~lure o( the Mat~a~w ~o paY any ta~,
.s.ess~sent, I~ab~l~ty, obl~~ucri ~x encuenMaece up~w+ xad prope~ty, ss Aerem prov~ded, u shall not be neces~ary a reQuu~~e the
mcxt~asee sAall ruAt pay tAe s.me.
Thc Nortgatee may. at his option, and w~thout waivint Ais n6ht to accelerate the indebtedness hereby
secured and to faeclose the same, pay either bet'ore or aftet del~nQuency any or all of those certain oblisations
tequued hy the terms hereo[ to be paid by the Mort`aaor for the protection of the mort=ate security or for the col-
lect~un of the indebtedness hereby secured. All sums so advaeced or paid by the Mort6a~ee shall be char~ed into
the mort`age a;caunt arnf became an intesrai part theteof. subject in all respects to the terms, canditions, and
rovenants of_ the aforesa~d prcxnissory noie. and th~s mort~a~e. as fully and to the same e:tent as thouah a part ~
of the a~i~~nal indebted~ess evidenced by said nate and secured by this mottsase, exceptin~ however, that said
~ums shall be tepa~d the Mcxtga~ee forthwith upon its demand aad be in sddition to the regulu monthly ins~ail-
ments provided by ihe mott6a~e note.
3. That the abstract ar absuacts of title coverin= the mort~aaed property shall at all times, dutin~ ihe life
of this mc~rtgaEe, rema~n in ~+ossession ot the Mort`agee and i~ event of the tweclosure of this mortsa~e or other
transfcr of titie to the monaased property in extinguishment of the indebtedness secured hereby, all ri~ht. title
and ~nterest of the Mortsaaor in and to any such abstracts of title shall pass to the pucchaser or ~rantee.
4_ To the extent of the ~ndebtedness of the Mort~a~or to thc NMrt~asee desccibed herein or secored hereby,
the Alortgagee ~s hereb~• subro6ated to the lien or liens ard to the ri6hts of the owmers and holders thereo( of each
and every mc~rtgage, lien or other iocumbrance on the land desctibed herein rvhich ia paid and!or satistied. in
w•hole ar in part, out c?f thc proceeds of thc loan described herein or secured hereby, and the respective liens of
sa~d m.~rt~ages, liens or other incumbrances, ahall be and the same and each of them hereby is preserved and shall
pass ta and be held by the Mortaa`ee herein as security for the indebtedness to the Mort6agee herein described
or hereb~~ secured, to the same e:tent that it would have been preserved and wo~ld have been passed to and been
hcld by the ~lortga6ee had it been duly and re6ululy assi~ned, transferred. set over. and deliveted unto tbe Mort-
gagee b~~ separate deed of assignment, notwithstandin~ the fact that the same may be salisfied and cancelled of
reccxd, it be~ng the mtention of the puties htteto that ihe ssme wilt be sa~isfied and cancelled oi record by che
holders thercof at ~~r about the time of the recordina of this mort6ase.
5. In the event the ow•nership of the mort~aaed premises, or a~y part thereof, becomes vested in a person
other than the ~1k?rtgagor, the lNort6agee may, without ootice to the Mortga6oc. deal with such successor a suc-
cecsors ~n interest Nith reference to this deed and the debt hereby secured. in the same manntt as with the Aiort- t
~agot v?~thout ~n an~• v?ay vit~atina ot dischu~in~ the Mott6a~or's liability hereunder or upon the debt heteby
secured. No sale .~f the premisos hereby mort~a6ed and no totbeuance on the put ot the Moct~asee, and no ea-
tensiem ot the time for the payment of the debt hereby ~ecuted `iven by the Mortgasee s6a11 operate to release,
dischar6e, modify, chan~e or affect thr ori6inal liability oE the Mort~a6or herein either in whole or in put.
6. The lien of this deed secures and shall continue to secuce payment of said indebtedness or indebted-
ness, hawever ev~denced, whether by said ptomissory note or any tenewal or extension theceof or substitute there-
` f~~r, or otherwise, unul all such indebtedness shall havt been fuUy paid.
j 7. !n the rvent the n~ortgagors sell, convey or tiansf~r the mo?tgaged premises during tht liJe oj this mort- +
j kaRe. then this mo?tgage shalf, at t6e op~ion oJ the Afortgagee herein, becorne cninudiately due and payable for the ~
~ /ull sum oJ ~he p?uecipal balQ~ce and inttrest then due. '
~ 8. The terms "Mortgagor" s~nd "Mort~a6ee" whcnevet used in this insttument shall include the he~rs, '
~ perscxial representatives, successors and assi6ns of the respective parties hereto. VYherever used the sintular ~
number shalt include the plural and the plural the sin~ulu, and the use of any `ender shal{ include all Eendets.
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ed, seal a I~ e in the preserice of: ~l (Seal)
~ fREO ~+~L ~?EC~ OEO
~ 5T. LUGI~ COUMTY f~A. ~~a~~
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" CIERK CiP.CUIT COURT~Q~ ;
~ RECORD VEP,~rtED~T 'J ~
STATE OF FLORIDA I MAY I~ 3 11 r f~ ~ ~
~ 56 ;
couN~nr oF~t~x ~09183
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~ ST. LUCIE ~
~ Before me personally appeared E. j~ILW$~~'s ~ SII Unmarried Man
to me well knov?m and known to me to be the ind~v~duals described in and who executed the (ore~oin~ instrument,
~ and acknowlcdaad before me th~t they execuud the same for thc purposes therein expressed. N?ITNESS my hand
~ end off~cial scal in the County and State last aforesaid this 24th Day Of A ~ 1971. ~
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~ ~ty c~?SS~o~ Exp~«s: June 30. 19~1 Notuy Public, State of F10
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