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thts mort~a~e or other transfer of litle to the morl~aged prope~ty m eatm~uuhment of the ~ndebtedness secu~rd he~ebY, ali r~ght, htle
aad ielerest ot tAe Mort~a~or ~n and to any ~osutsnce polic~es thee m torce shall pass to the purcAsser or ~ra~tee.
lA) To pe~tam, coenply vith and abide by each and every the st~pulat~oos, a~reeroe~ts, condihons and covena~~s m sa?d prom~~sory
note and in th~s deed set lorth.
1 Thal i( any of said sums of money here~n referrrd to be not p~anpU) and (uily paid ~•~tA~n (t(~ren days nett aftrr
!Ae same sevually becomes due and payab~~,or i( eacA and every tAe stipulations, a6retments, cond~tions and covcnants of sa~d p~wnu-
sory note and tAis deed, or ei~her, are oot fully performed. compl~ed with and abided by, the ,a~d aggregatc sum ment~onrd io caid
promissay note sha11 become due and payabk fixthrith or tAereafur at the option ot the Mortga~ee as fully aed completcly ac ~t tho
said a~{repte sum ot said prom~ssory note was or~gmally stipulated to be paid m such day, anythm~t in sa~d promissory nou or heuin
to the coouary ootWithstandin~, -
l!) Thst in order to accelerate tAt matunty of the indebtedness hereby secueed, bacause of tha failure of the !lforigagor to pa>• any i~~,
assessment, IiaDility, obli~ation or rncumbrsnce upon sa~d property, as herem provided, ~t shall not be necessary ur reQwsite that ?he
mat~a~ee sA~ll first psy the same.
2. Tht Mottgagee may, at his option, and without waiving his right to accelerate the indebtedness hereb~
secured and to foreclose the same, pay either be[ore o~ after delinquency any or at[ of those certain obligations
required by the terms hereot to be paid by the Nortgagor tor the protection af the mc~rtgage secority or far the col-
lection of the indebtedness hereby secured. All sums so advanced ar paid by the ~lortgagee shall be charged into
the mortgage account and become an integral part thereof, subjeet in all respects to the terms, conditions, and
covenants oG the aforesaid promissory note, and this mortgage. as [ully and to the same extent as though a part
of the original indebtedness evidenced by said note a~d secured by this mortgage, excepting however, that ~aid
sums shall be repaid the Alortgagee forthwith upon its demand and be in addition to the regular monthly install-
ments provided by the mortgage note.
3. That the abstracl or abstracts of title covering the mortgaged property shall at all times, during the life
of this mortgage. ~emain in possession of the Mortgagee a~d in event of the foreclosure of this mortgage or other
ttansfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby. all right, title
and interest of the Mortgagor in and to any such abstracts of title shall pass to the purchaser or grantee. ~
4. To the extent of the indebtedness ot the Mortgagor to the Mortgagee described herain or secured hereby, ~
the ~lortgagee 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 h~rein which is paid and%or satisfied, in
whole or in part, out of the procetds 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 eact~ of them hereby is preserved and shall
pass to a~d 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 Mortgagee had it been duly and regularly assigned, transfened. set over, and delivered unto the 111ort-
gagee by separate deed of assignment, notwithstanding the fact that the same may be satis[ied and cancelltd of ~
record, it being the intentioo 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 evtnt the ownership of the mortgaged premises. or any part thereof, becomes vested in a person
other than the ;Nortgagor. the ~lortgagee may, without notice to the Mortgagor, dea! with such succe~sor or suc-
cessors in interest with reference to this deed and the debt hereby secured, in the same manner as with the \lort-
gagor without in any way vitiating o~ discharging the Rlortgagor's liability hereunder or upon the debt hereby
secured. No sale of the premises hereby mottgaged and no [orbeazance on the patt of the tilortgagee, and no ex-
tensiort of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to release,
dischatge, modify, change or affect the originat liability of the ~tortgagor herein either in whole or in part.
6. 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 substitut~ there-
for, or otherwise, until all such indebtedness shall have been fully paid.
7. /n the event [he mor~gago.s sell, convey or transje? tbe mortgaged premises during the lije oj this mort-
gage, t6en this mortgage shal[, at [he option oJ the Afortgagee herein, become immediQlely due and payable Jv~ the
jull sunr oJ tlre p~incipal balance and interest then due. ~
8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs,
personal tepresentatives, successors and assigns of the respective parties hereto. Wherever used the singular
number shall ~nclude the plural and the piural the singuiar, and che use of any gcnJer ahail inciwie ait gender~. -
Sign sealed nd li ered ~ the presence of: - ' (Seal)
./~~L'~-t.iC.r,~..~. ~r y.a%f (Seat)
; n~.
~
I
STATE OF FLORIDA I
i COUNTY OF~ ~ ss ~
ST. LUCIE
Be(ore me personally appeared A, V. FLOWERS and CHRISTINE C. FLOWERS ~ his wife,
to me well known and known to me to be the individuals described in and who extcuted the foregoing instrument,
and acknowledged befor~ 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 26th Day of Augu 1972 -
~ty Commission Expires: JuRe 30 s Zg75 Notary Public, State of F101'ld8
_
fIlEB A4D KEi.UR0E0 ~ . _
St.LUC~" :CUNTI' FIA. _
` aGG~+: ~•;4FRA5 ~ -
; CIERx C'~•.CUtS CCURT
; RFCORD tiEk ~'ED . . .
' S~ l 2 0~ PN'72 ,
F
~ BooK 206 pac~ 538
~ 23~633 .
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