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tAis mwtp~e ot other traosfe~ of htle ~o the mortta`ed prope~ty m exun;uishmen~ ol tAe mdebtedness ucurcd hercby, ail n~h~, uUe
and in~erest o( the Mat~~ta~ in and to any insurance policies then in force shali pass to ~he purchaaer or ~rantee.
(h) To petta m, c anply vntA and ab~de by each and every the st~pulations, ~~ree ments, cond~qons and covenants ~n sa~d prom~ssory ~
note and in this deed set fortl~.
(i) ThN ~f any of sa~d sutas o( mo~ey hetem reterred to be nol ptaoptly and lully pa~d ~uhin hRern days oext aher
~he same sererally becoenes Jue and payable,a ~f each and eve~y the stipulauons, a`reements, cond~tions and covenants ot sa~d prom~a-
soty aote and this deed. or eilher, are not (ully per(ormed, complied with and ab~ded by, ~he sa~d as~resate sum meet~oned m said
pom~ssay note sAaU Secome due and payable fathW~~h or ~te~e~(ter at the op~ion ot the A1ort~asee as (ully and cempletely as if the
s~id a~sre~ate sua~ o( said promisso~y note rr~s or~~~n~lly st~pul~ted to be paid on such d~y, anyth~n~ ~n said prom~ssory note or here?n
to the contrary notviths~andin~,
) That m ader to accelet~te tAe mawnty o( the indebtedness Aereby secured, because ot the (a~lure ot the \tat~a~ur to pay any ta?,
assessment, Gability, obli~alion or tncumbrance upon Yald PfO~lflY, as hetein provided, ~t shall not be necessary o~ reQu~s~u that tl~e
mort~~~ee sAall (~rst pay lhe sama
2. The Martgagee may, at his option. and without waiving his right to accelerate the indebtedness hereby
secured and to foreclose the same, pay either before or after delinquency any or all ot those certain obligations ~
required by the terms hereof to be paid by the Mortgagor for the protection of the mortgage security ar for the col- ~
loction of the indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be charged into
the mortgage accou~t ~nd become an integrai part thereot, subject in alt respects to the terms. conditions, and `
covenants of the aforesaid promissory note. and this mortgage. as [ully and to the same extent as though a part
of the ociginal indebtedness evidenced by said note and secured by this mortgage; excepting however, that said
sums shall be repaid the A1ottgagee forthwith upon its demand and be in addition to the regular monthly install-
ments provided by the matgage note.
3. That the abstract or absuacts of titie covering the mortgaged property shall at all times. during the ti[e
of this mottgage, remain in possession of the hlortgagee and in event of the foreclosure of this mortgage or other
transfer of title to the mortgaged Property in eXtinguishment of the indebtedness secured hereby. alt right, title
and interest of the Mortgagor in and to any such abstracts of title shalt 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 Mortgagee is hereby subrogated to the lien or lions and to the rights of the owners and holders thereof of each
and every mortgage, lien or other ~ncumbrance on the tand desetibed herein which is paid and'or satisfied. in
whole Qt in part, out of the proceeds of the loan described herein or secured hereby, and the respective liens of
said mortgages, liens ot other incumbrances, shali be and the same and each of them hereby is presetved and shall
pass. to and be held by the ;1lortgagee herein as security for the indebtedness w the ~tortgagee herein described
or hereby secured, to the same extent that it would have been preserved and would have been passed to and been
held by the !1lortgagee had it been duly and regularly assigned, transfen~d, 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 ~ntention of the parties hereto that the same will be satisfied and cancelled of record by the
holders thereof at or about the time of the tecording of this mortgage. _
S. ln the event the ownership of the mortgaged pre~nises, or any part thereof, becomes vested in a person
other than the ~lortgagor, the ~tortgagee ma~~. Kithout notice to the !Nortgagor, deal with such successot ot suc-
cessors in interest with reference to this deeu and the debt hereby securod, in the same manner as with the ~1ort-
gagor K~ithout in any way vit~ating or discharging the Mortgagor's liability hereunder or upon the debt hereby
secuted. No sal~ vf the premises hereb~ mortgaged and no forbearance on the ~+att of the hlortgagee, and no ex-
tension of the time for the payment of the debt hereby secured given by the 1lortgagee shall operate to release,
discharge. rtx~dify, change or affect the orig~nal liability of the Mortgagor herein either in whole or in pact.
6. The l~en of th~s deed secures and shall continue to secure payment of said indebtedness orindebted-
! ness, however evidenced, whether by said prom~ssory note ot any renewal or extension thereof or substitute there-
~ fot, or otherw•~se, until all such i~debtedness shall have been fully paid.
~ 7. In the e~~ent the mortgaRors sel1, com•e?• or trnnsjer the mortgaqed premises during the life oj ~his mo?t-
I gage, then thcs mortgage shaU, ~a/ the op~ion nj the Afo?tgageP herein, become irrunediately due and paya6te Jor lhe ~
i Jull sum oJ fhe pr~ncipaJ balance and interest there due.
~ 8. The terms "Alottgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, ;
personal representati.~es, successors and assigns of the respective parties hercto. lkherever used the singular +
number shall ~ncluci~,E"~~c ptural and the plural the singular, and the use of any gender shall include all genders.
i
Signed, sealed and deli~•ered ~n the prrsence of: ~ (Seal) -
, ~ FILEQ AN~~ ftECOR~EO
~ ST_ LUClE_C~~JMtY F~A. (Seal)
CLfRK CIRCUIT COURT ~ ~
RECORD VER+FIEO
~ . ~
STATE OF FLORIDA I I o6 PM I
~ COUNTY OF ~ ~ ~S ~~4~Q5
~ ST. LUCIE ~
~ Before me personally appeared MI~S ~ an Unmarried Man 4
~ to me well knov?m and known to me to be the individuals described in and who executed the fotegoing instrument,
~ and acknowledged before me that they eaecuted the same for the purposes therein expressed. WITNESS my hand
and official seal in the County and State last af~resaid th~s 14th Day of August, 1971
~
~ ~ ~
.~1y Comm~ssion Exp~res: JuIIe 30, 1975 Notary Pt~D~ti,Ci°s~ac~ rida at e
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s~,,~.x.:*
~ ~ •..i : _r
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~oaK 195 PA~E 426 ~ ~ -
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