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~~3. ~n~.:i~[e~r ~~r o~hr~ trancte~ ut 4Ur tu tAe munKa~ed prop~rt~ m e~un~uuhment .il the ~ndeAtednes+ se~wrd hcteh~. ~U nYAt. u11e
.~~d :nter~.~ tAe \lutiga~ur ~n and to an> ~ncutance pol~~~es ~hen ~n (orce sA~il pass lo IAt putcAaser ot g~antet.
1~~ io pru~~~m, ,.r~ply r~tA end ahide AS e~ch and t~ery the st~pulauons, •~~eements, condu~ons and co~enamc ~n .e~d prum~.~nr~
n.,:~ .~nd ~n th~. .trcd .r~ f~xM.
~ lAat ~t en~ ~u ~ud sum. ut m.•nr> hore~n rclrrrrd tu Ae not promptl> and tully paid •+~ih~n f~tirrn dr>. ne~t attrr
thr .~me ..•~rr~liy Aecomes due and pa>'a~+le. ~K ea~h ..nd every the ~~~pulaUOn~, eR~eemeetc, .ond~Uon. and co~enant~ at .a~d peum~.-
nate and th:~ dred, or euher, ate no~ Iully perlormed, cumplied wuh ~n3 ab~ded hy, ~ht .a~d aK~treK~te sum mcm~ontd in ce~d
pr.,m~..or~ n,~tc ch~ll become dur .~r.1 pa~~Alr fnrth~~~h ~.r ~hercafter at the ophon o( ~he \turtRrgre •s (ull>' rnd :omplr~elY a~ thr
.aid eK~tr~K.itr ~um nt s:~id ~+trxm..on' nnte wac on~t~nally ~upulated t.~ Ae pa~d cx~ cuch daY. anythin6 ~n sa~J prom~s.ory note or hertin
to ffu .,•ntf,~~~ nni~.i~h.tanQ~nR-
~ iii~t ,r: ..rder tu rrcelcratr tAe mawnt> ~~f the mdeDtedne~s htrcby srcured, because of ~hc fa~lure o( the \1a~igrg.~< pay any ta~,
.~~~r~~T(fll, iid~llll~, Jhll~`,di1~~O ~~r rncumb~~nre u~in sa~d pr~~prrty, as hrrem pro~~Jed, ~t shall nol be nects.ary iH ~eQws~tt that ~hr
m,,c~K.~'re .h.~ll hr.~ pr~ ~he .rme.
"Thr ~tortgagre may, at h~s option, and without waiv~ng his right to accelerate the i~debtedness hereby
.~rured and t~~ forecluse the .ame, pay either befote or after delinquency any or all of those certa~n obligations
reyu+r~d h~ th~ terms hereof t~ he paid b}• the \lattgagor for the protection of the mottgage security ot for the col-
lc~t:.~n ~~t' the ~ndebtedness hrreb~• secured. All tums sa advanced or pa~d by the !~lortgagee shall be chatged into
thc r.i~~rtgag~ account and becume an ~ntegral part thereof, subject in all respects to the terms, condition~, and
r~~renants o1 the aforesa~d pmm~ssory nate, and this martgage, as fully and to the same extent as though a part
~~I thc orid~nal indebtedness ev~denced by sa~d note and secured by this mottgage, excepting howevet, that said
.um> .hall b~ repa~d the ~lortgagee forthwith upon its demand and be in addition to the regular monthly install-
~nrnt. prov~dcd b~• the murt~age note.
Thst the ahstract ~r abstracts of title covering the mortgaged property shall at all times, during the life
thi. mot~cage. remain in possess~or. of the !1lortgagee and in event of the fareclosure of this mortgage or other
uan>ftr of u~le tu the mortgaged propetty in extinguishment of the indebtedness secured hereby. aU right, title
.+nJ ~nterest of the ~tortgagor in and to any such absttacts of title shall pass to the purchaser or grantee.
a. To the extent of the ~ndebtedness of the 1Aortgagor to the Alortgagee described herein or secured hereby.
the \t~~rtgager ~s hereb~• subrogated to the lien or liens and to.the tights of the owners and holders thereof of each
and e~et~~ mottgage. i~en or other ~ncumbrance on the land described herein which is paid and ot satisfied, in
uh~~l< <~r ~n part, out ol~ the proceeds of the loan described herein or secured hereby, and th~ respective liens of
sa~J m~•rtgagcs. I~ens or other ~ncumbrances, shall be and the same and each o[ them hereby is preserved and shall
pa.s and hc held b}• the ~tortgagee hetein as secutit~~ for the indebtedness to the 111ortgagee herein described
or hereb~ ~e~ured, to the same extent that it would have been preserved and would have been passed to and been
held b~ the ~1~~rtgagee had it been duly and regularly assigned, ttansferred, set over, and delivered unto the !~1ort-
gagee b~ separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of
rcrord. ~t hr~ng the intrnuon of the parties hereto that the same will be sat~sfied and cancelled of record by the
h~~lder~ there~~f at or about the time of the recording of this mottgage.
S. In the e~~eat the ownership of the mortgaged ptefnises, or any part thereof. becomes vested in a person
~~ther than the \iurtgagor, the ~lortgagee may, without notice to the 4lortgagor, d~al with such successor or suc-
re.s~,rs in intrrest Nith referrnce to this deed and the debt hereby secured, in the same manner as with ~he ~1ort-
gag~,r uithout ~n anc way vit~ating or discharging the Mortgagor's liability hereunder or upon the debt hereby
secured. ti~ sale ~~f the premises hereby mortgaged and no [orbearance on the part of the Mortgagee. and no ea-
tent~on of the ume for the pa~•ment of the debt hereby secured given by the !Nortgagee shall opetate to release,
disrharge, m~•d~fc, change or affect the original liability of the ~iottgagor hetein either in whole or in part.
b. The I~en of th~s deed secures and shall continue to secure payment of said indebtedness or indebted-
ness, huwever evidenced, whether by said promissory note or am~ renewal or extension thereof or substitute there-
'i f~~r. or utherw?cr. unul ali ~uch ~ndebtedness shall have been fully paid.
j 7. /n rh~ e?•cnt ~he• mo?t~aQo?s se(1, com•ey o? hansJer the mo~Igaged premises during the lije oJ this niort-
~ Ka~e. dters rh~s morrRaRe sha/l. at the op~ion oJ the .1lorlgagee herein, becon:e immediately due and paya6/e jor the
rall sum of ~he princ~pal halance and inte?es~ then due.
~ R. The terms "\lortgagnr" and "~lortgagee" whenever used in this instrument shall include the heirs,
~ per.onal repre~entatives, successors and assigns o[ the respective patties hereto. Whetever used the singular
number shall include the plural and the plural the singular, and the use of any gendet shall include all genders.
c'
gned, se ed d li~~e d in t e presence of_ ' f `(Seal1
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f~, l % „~/yl`~ (SeaU
~ ~ L!c G-J ~t-c-, ~fi~t~ /
I
STATF OF FLORIDA I
('Ol,'~vTY OF ~XI~ ~ ;s
ST. LUCIE
Be~ore me personaily appeared WILLIAM M. ERB, JR, and RUTH N. ERB, his wife,
~ t~ me Kell known aod known to me to be the individuals described in and who executed the foregoing insttument,
~
and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand
~ and off~c~al seal in the Count} and State last aforesaid this 28th Day of Oetober, 1972
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June 30 1975 ~ ~ ~ ° ~
~1y Comm~ss~on Exp~res: ~ Notaty Public. State lda t Z'g7l @„ =
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