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th~s mort~a~e a other transk~ of u~le tu the mu~tgagrd property in eaungu~shme~t a the ~nJeb~ednesa securcd Aercn~, ~11 n~ht, tule
and interest ot the A1o~tp{w ~n and to any ~nsurance pulicies then ~n twce shall pass to 1he purchaser or ~~an~ee.
(h) To pe~fam, comply with and ab~de by each and every tAe supulat~ons, a~rcements, condit~ons and covenar.ts ~n sa~d prom~.sory
note and in th~s deed set fortA.
(i) Thal i! any o( said sums o( muney he~em rofe~red to bt not prump~ly and tu11y pa~d wuh~n hfteen dry. nr•t at~er
the same seve~~lly Eecomes due and payable,or if each and every tAe stipul~Uons, agrrements, conl~UOns aod coveoan~s o( sa~d pr~xn~s-
sory note and tAis deed, or ei~her, arc not tully pertormed, compl~ed ~~tl? and aDided by, Ihe said a`giegatr sum mcouoned ~n sa~d '
prom~sso~y note shall becaae due and payable tor~hr~~h w thereafter at the option ot the A1o~t`a~ee as tully and co!nple~ely a~ the
s~id a«reqte swn of said promissoty note ~ras ungmally supulated io be paid on such day, anytA~n6 ~o sa~d prom~ssory note o~ he~em
to ~he co~trary not~•ithstandinE.
V) Tha1 m order to accelerate the matunty u! the indeb[edness hereDy secured, because ot ~he failure o( the \lwtga~o~ ~u pa) aey las,
assessment, liability, obli~ation or encumbrance upon sa~d property, as here~n provided, i~ shall nol be ne.essary a reqws~te tha~ the
mort~a~ee shall tirst pay the same.
2. The Mortgagee may. at his option, and without waiving his right to accelerate the indebtedne~s hereby
secured and to [oreetuse the same, pay either befote or after delinquency any ot all of those certain obligations
required by tl~e terms hereot to be paid by the ~lortgagor tor the protection of the martgage security or for the col-
lection of the indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be charged into
the mortgage account anJ become an integtal part thereof, subject in all respects to the terms, ca~ditions, and
covenants of the aforesaid promissory note, a~d this mortgage. as fully and to the same extent as though a part
of the original indebtedness evidenced by said note and secured by this mortgage, excepting however, that said ~
sums shall be repaid the A~ottgagee forthwith upon its dema~d and be in addition to the regulat monthly instatl-
ments provided by the mortgage note.
3.~ That the abstract or abstracts of title covering the mortgaged property shall at all times, during the li[e
of this mortgage. remain in possession of the 111ortgagee ar~d in event of the foreclosure of this mortgage or other
transfzr of title to the mortgaged property in extinguishment of the indebted~ess secured hereby. all right. title
and interest of the Mortgagor in and to any such abstracts of title shall pass to the putchaser or grantee.
4. To the extent of the indebtedness of the Mortgagor to lhe Morigagee described herein or secured hereby,
the hlortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each
and every mortgage, lien or other incumbrance on the land described hecein which is paid and!or satisfied, in
whole ot in part, out of the proceeds of the loan described herein or 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 \lortgagee herein as security for the indebtedness to the Mortgagee 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 Atartgagee had it been duly and regularly assigned, transferred, set over, and delivered unto the hlort-
gagee by sepatate deed of assignment, notv?ithstanding the fact that ~he same may be satisfied and cancelled of
record, it being the intention 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 recording of this mortgage.
S. In the event the ownership of the mortgaged preEnises, or any part thereof. becomes vested in a person
other than the hlortgagor. the ~lortgagee may, without notice to the ;~lortgagor, deal with such successor or suc-
cessors in interest with reference to this deed and the debt hereby secured, in the same manner as with the 41ort-
gagor without in any way vitiating or discharging the Rlortgagor's liability hereunder or upon the debt hereby
secuted. No sale of the premises hereby mortgaged and no [orbearance on the part of the Mortgagee. and no ex-
tension of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to release,
discharge, modify, change or affect the original liability of the hlortgagor herein either in whole or in part.
6. The lien of this deed secures and shall continue to secure payment o[ said indebtedness or indebted-
' ness. however evidenced, whether by said promissory note or any~ renewal or extension thereof or substitutc there-
''i for, or otherwise, until all such indebtedness shall have been fully paid.
I /n the event the mortgagors sell, convey or traresJer 1he mortgaged p?emises during ~he liJe of this mort-
~ gage, lhen this mortgage shall, ot the option oj the Afortgagee herein, 6ecome enunediately due and payabte Jor the ;
~ jull surn of the principal balance and interest Ihen due.
; 8. The tertns "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, ~
! personal representatives, successors and assigns of the respective parties hereto. Whetevet 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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Si d, seale iv 'n t sence of: ~(Seal)
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L-e~~ ` L" `x,C{, -ylit'-t (SeaU
l w,L ~ / ~ ~ 5 ~ ._,~._Q ~
STATE OF FLORIDA
ss
~ COUNTY OF~~
~ ST ~.UCIE
Be ore me personally appeared LOUIS ALEXANDER and MATTIE ALEXANDER~ his wife,
~ to me well knovm and known to me to be the individuals described in and who executed the foregoing instcument.
~ and acknowledged_before me that they executed the same for the purposes therein exprossed. WITNESS my hand ;
~ and official seal in the County and State last afotesaid this bt~l DSy of July, 1972 ~
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~1y Commission Expires: Juile 30 ~ 1975 Notary Public, Sta ~
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~ gooK 204 ~~E 642 = .
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