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File 5-30,014
tA~~ ma~iRapc .r utAci tran.(ci o( t~tle w tnc mutt~a~rd p~oper~~ ~n e~unrwahmen~ W the ~ndeh~edne~a ~e.wrd hcrcny, all n~h~, t~de
rnd ~ntere.t u( tAe \1u~iptu~ ~n ~nd ~o any ~nsurance pulic~es ~hen ~n (orce ahall pass ~a thc purchrsee ax `~an~ee.
(A1 To per~~wm. ..rnp1Y wuh ~nd aAide by eacA an~eve~Y tAe supulahuns. s~reeme~ts, cnnd~Uons and covenan~s ~n s~id prom~~sory
nou anJ in th~. derd .rt forth.
TAa~ d any uf ~aid sums uf ~+~ney here~n ~eferrrd tu be no~ ptomptlY and (ully paid M~~Mn (if~cen days nt~l a(ler
~he same severallY be.omes due and payaAle,.x J each and every Ihe st~pulat~ons, a~reemen~c. .ond~t~ue. and covenanls o( s~~d pran~s-
saY note and tlns deed, or e~~her, sre not (ully per[ormed, c.~mD~~ad W~th and a~~ded bY, the .~~d ag~re~a~e sum me~uaned ~n sa~d
m
pom~scory note shsll become due and payable to~th+~th a ~herea(te~ st the op~~an o! ~he ~1ur~~a~ee as (ully and completely sc if ~he
s~~d a~srep~e sum o( said promiccorY note ~ss a~6inallY supulated to De paid m such d~y, ao~thm` sud p~om~ssory no~e or hert~~
~o the contrary no~r~ihstandmR.
Q) Th~~ in order to aceelera~e ~he matunty of the ~ndebtedness herehy secwed, because u( the (a~lu~e o( the ~1a~~a`or u. paY anY u?.
as~essment, I~ab~l~ty, obl~ashon or .n~umMance u~ux? sa~d ptoperly, as he~c~n prov~ded. ~t shall not be ne.es~ary o~ requ~s~le that thr
mo~t~a~ee shall fu.t ~.ay the same.
2_ The ~lortgagee may, at his option. and without waiving his right to accelerate the indebtedness hereby
secured arKi t~~ [oreclose t6e ~ame, pay either before or after delir?quency any or all of those certain obligations
required by the terms hereof to he paid by the ~lortgagor for the protection of the mc~rtgage security or for the col-
lection of the indebtedness hereby secuted. All ~ums sa advanced ot paid b~• the '~lortgagee shali be charged into
the mortgagt account anJ became an integial part thereof, subject in all respects to the terms, conditions, and
c~~venants oi the aforesaid pr~~missory note, and this mortgage, as fuliy and to the same extent as though a part
of the original i~debtedness evidenced by said note and secured by this mottgage. excepting howevet, that said
sums shall be"repaid the !?lortgagee [orthwith upon its demand and be in addition ta the regular monthly install-
ments provided by the mortgage note.
3. That the abstract or abstracts qf title covering the mortgaged property shall at atl times. during the life
of this mortgage, remain in possession of the Alortgagee and in event of the foreclosure of this mortgage or other
transfer of title to the mortgaged propetty in extinguishment of the indebtedness secured hereby. afl tigh~, title
and interest of the \lurtgagor in and to any such abstracts of title sha{1 pass to the purchaser or grantee.
4. To the extent of the indebtedness of the Mortgagor to the l?lortgagee described herein 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, l~en or other incumbrance on the land described herein which is paid and!or satis[ied. in
whole or in part, out of the proceeds of the loan described herein or secured hereby. and the respective lie~s of
said mortgages, liens ot other ~ncumbrances, shall be and the same and each of them hereby is preserved and shall
pass to and he held by the \lortgagee herein as secutity for the indebtedness to the Mortgagee herein described
or hereby secured, to thr same extent that it vvould have bcen preserved and would have been passed to and been
held by the ~t~~rtgagee had it been duly and regularly assigned, transfened, set over. and delivered unto the Mort-
gagee b~~ separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled oC
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 ihe time of the recording of this mortgage. _
5. ln the event the ownetship.of the mortgaged ptemises, or_any patt thereof, becomes vested in a petson
other than the ~lortgagor, the ~lottgagee may, without notice to the Mottgagot, deal with such ~ccessor or suc-
cessors in interest Nith reference to this deed and the debt hereby secured. in the same manner as with the 1~1ort- '
gagor without in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby
secured. No sale of the premises hereby mortgaged and no [orbeacance on the part of the Mottgagee, 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 Mortgagor 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-
I ness. however evidenced, whether by said promissoty note or any renewal ot extension thereof or substitute there•
~ for, or otherwise, until all such indebtedness shall have been fully paid.
'k 7. ?n ihe e~•en1 the mo~tgagors se11, convey or transJer the mortgaged premises during the lije oj this mort-
S qage. then this mortgage shall, at the opliqn oJ the Atorfgagee herein, become inimedietely due and payable jor the
~ Jull sum oJ ~he p?incipal 6alance and interest then due.
8. The terms "Mortgagor" and "Mortgagee" whenever used in thic instrument shall include the heirs,
~ personal tepresentatives, successors and assigns of the respective parties hereto. Wherever used the singutar
g number shall include the plural and the plural the singular, and the use of any gender shall include all genders.
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S~gned s aled and iv i resence of: _ vt~~~~~~'1'~` (Seal)
(Seal)
~ t t ,vtJ c ,~z ..-lct ;
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STATE OF FLORIDA I ~
COUNTY OF ~ ~ ~s
ST. LUCIE
Before me personalty appeared EDWARD HILL and RASHELL HILL~ hj,.s wife~
to me well known and known to me to be the individuals described in and who executed the foregoing instrument, _
~ and acknowledged befote me that they executed the same for the purposes therein expressed. WiTNESS m~ hand
~~:tai K~~r,p; {
~ and otf~c~al seal in the County and State last aforesaid this 25th Day of May, 1974 ,`,1 j~
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~ June 30 1975 ~,7
~ ~1y Commission Eapires: ' Notary Public, State of l e'~~,"=
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' REP.OPb ~~t t`IE:~
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