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th~s mort~age ur otAe~ tnns(er o( h!!e ~u ~he mortgaged poperty ~n e~unau~sAment u1 the indebledntsc ctcwed Aercb~•, all n~ht, utlt
and in~e~est af thc Alortsas~x ~n .nd to anY ?nsurancr pulicies then fo~ce shall pass to ~he purchase~ or 6ran~ee.
lh) To perfo~m, camply vr~ih ind ab~de by each aod every the st~pulsUons, a~rcemet?ts, cond~t~ona and corenan~s ~n sa~d prum~~so?y
eote and in ~A~s decd set fwtA.
(i) TAa1 it any of sa~d sums ol monry here~a afcrrcd to be not promptty and fuily pa~d M~th~n t~t~rrn Jrys nesl a(ter
tAe same severally becomes due and payahlc,ix if each and every the st~pulations, a6reementx, condit~onx and covenants of sa~d prom~s-
sory nole and th~s deed, or tuher, are not (ully pertormed, compl~ed ~•~th and ab~ded by~ the .a~d aggr~gate sum menuonrd m sa~d
prom~ssory oote shell became duc and paya~le forMw~th w thereaftcr at the opuon ot the Murt~tagee as tulh• and completely as ~f the
said assresate sum ot sa~d prom~ssory note was or~pnally stipulated to be paid m cuch daY. anythm6 m sa~d ptomissor~• no?e or Aerein
to tAe c~~~ary no~rithstandin6.
) That m order ~o accelerate the ma~unty u( the indebtedness hereby secured, brcause uf thr fa~ture of ~Ae \f~~gag~,r ca pay any ta~, ~
assessment, 1~aD~lity, obli~tai~on .x ~nrumbtance upon ss~d property, as htrtin provided, u shall not be ne~ec.ary a requ~site that the
mo~t~a~ee shall first pay 1Ae same.
The ~tortgagee may, at his option, and without waiving his tight to accelerate the i~dcbtedness hereby
secured and to forcclose the same, pay either before or after delinquency any or all of those certain obligations
required by the terms hereot io be paid by the ~lortgagor for the protection of the mortgage security or for the co!-
lection of the indebtectness hereby secured. All sums so advanced or paid b~ the f~lortgagee shal{ be charged inlo
the mortgage account and become an integral part thereof. subject in all respects to the terms, conditions, and
covenants of the aforesaid promissory note, and 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 Mortgagee forthwith upon its demand and be in addition to tht regular mo~thly install-
ments provided by the mortgage note.
3. That the abstract or abstracts of title covering the mortgaged property shall at all limes, during the life
of this mortgage, remain in possession of the \lortgagce and in event of the foreclosure of this mortgage or other
transfer of title to the mortgaged property in extinguishment of the indebtedness secured heteby, all right. title
and intcrest of the ~lortgagor 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 hetein or secured he~eby,
the Mortgagee 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 herein which is paid and/or satisEied, in
whole or in part, out of the proceeds ot the loan described herein or secuced heteby, and ~he 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 1~lortgagee herein as security fot the indebtedness to the Mortgagee herein described
or hereby secured, ta the same extent that it would have been preserved and wouid have been passed to and been
hetd by the Ltortgagee had it beer~ duly and regularly assigned, transtened, set over, and delivered unto the Mort-
gagee by separate deed of assignment. notwithstanding the fact that ihe 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.
5. In the event the ownership o( thc mortgaged premises, ot any part thereof. becomes vested irt a person
other than the lrlortgagor, the ttortgagee may, without notice to the Mortgagor, dea! with such successor or suc-
cessors in interest with reference to this +leed and the debt hereby secured, in the same manner as with the ;~1ort-
gagor without in any way vitiating or discharging the A~ortgagor's liability hereunder or upon the debt hercby
secured. No sale of the premises hereby mottgaged a~d no fabearance on the part of the Mortgagee, and no ex-
tension of the time for the payment of the debt heteby secured given by the Mortgagee shatl operate to release.
discharge, modify, change or affect the original liability of the Mortgagor herein either in whole or in part.
b. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted-
ness, however evidenced, whether by said promissory note or any renewal or extension thereof or substitute there-
fot, or otherwise, until all such indebtedness shalt have been [ully paid.
7. In the event the mortgagors sell, convey or transjer the mortgaged prernises during the lije oJ this inort-
gage, then ~his mortgage shall, a~ the option oj the Afo~tgagee herein, become immedrately due a~ed paya6le Jor the
full sum oj the principal balanre and inte~est then due.
8_ The terms "blottgagor" and "Mottgagee" whenever used in this instrument shall include the heirs,
personal representatives, successors and assigns of the respective patties hereto. Wherever used the singular
numbet shall include the plural and the plural the singular, and the use of any gendet shatl include ali genders.
Si ed~ seaie d d liv ed i he presence of: ~ v"~ Seal)
(Seal)
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i
STATE OF FLORIDA I
COUNTY OF~ ~ 'S
ST. LUCIE
Before me personally appeared HAROLD WOOLLEY, an unmarried mSII
to me well known and known to me to be the individuals described in and who executed the foregoing instrument. ~
and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand
and official seal in the County and State last aforesaid this 29th Day of July~ 1972 i
t ~ _ ~
~Ay Canmission Expires: ~,TuIIe 3O. I975 Notary Public, State of Florida 8~'.,• =
: l ,7 : =
IILED ANO RECOROE9 _ u : , ' . ~j. ; ~ _ '
ST. ~QCIE COUNTY FLA. -
ROCEa ~OITRIS G ~'~C : r=
CLERK C~R~UIT COURT ~ ~ ~ ' 0 ~ ~ : • y ;
~fCORO VER{fiEO..._.._ .
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