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Our file 5-31,314 th~s mwt~a~e ur ~~~hrr uancic~ o( ~Nle ~u ~he mwt~ased propertY ~n c;un~ws~meo~ m ~he ~~debtedness secwed heu~y, aU n~ht, ~ule aewf ~nlerext u( the !1M~~~at~ y^d 1O ~~y ~^~W~^~t p°~~c~es ihen in forct shall paas ~o ehe pwchaae~ or ~ra~ue. lhl To ptrfixm, cwnP~Y and atr~de S) esch ~nd eve~y the anpulauons, ~~teements, cond~uona and coveoams ~n sa~d prwn~ssory oo~e sod in thiY deed se~ tor~h. ~ i htuee dsYs nea~ sAer ~ (i) TAs~ ~t any of said sue~s ul ma+eY hrre~n referred to be ~ot praep~lY at~d fully pa~d r~~A~n the ssme severally becomes dut and paYahle.a ~f eacA and every tAe st~pultl~ons. ~t~eements, cand~l~oes and coven~nts of sa~d proe~s• c swy note aad tAis deed, a eiiher, ~re no~ fully perfaoed. complied ~r~th ae~d ablded by, tAe ~a~d a~re~ste swn meeuoaed ~n ss~d ~ pan~asory note shali becoa~e due sod paY~ble torth~~th cK tAereattet at the opl~on ot tAe ~lort~a~ee aa tully and co~aD~elt1Y ~s if ihe ~ sud s«repte sua~ of sa~d promi~caY note v~s on~~n~lly supulated to be pa~d m such dry, anyth~e~ m said prao~sso~y no~e or Aere~n to the con~nry nol~r~tAsundm~t. (j ) That ~n orde~ ~o acceler~te ~he matur~tY ot tAt ~ndeAtedr.ess Aereby secured, because ut the f~ilu~e of the Mo~~taia ~o pay anY u*• asce`sment, I~ab~lity, obl~~ation o? encumbrance upon said property, as he~ein prov~ded, sAall not be neces~ary orreau~site that~he nxxtptee sAaU tirs~ psY ~he same. 2. Thc !~lortgagee may. at his option. and without waivi~g his right to accelerate the ir~debtedness hereby secured and tu foreclose the samc, pay either before ot a[ter deli~quency a~y or all of those certain obliaations required by the terms hereof to be paid by the ;Nortgagot for the protection of the mortgate security ot for the col- lection of the indebtedness hereby secuted. All sums so advanced oc paid by the Mortaa~ee shall be charged into ; the mortgage account anJ become an integral part thereof. subject in all respects to the terms. conditions. and ~ cuvenants oi the akxesaid promissory not~, and ihis mortgage. as fully and to the same extent as thouah a part ' a( the original indebtedness evidenced by said nate and secured by this mott6aae, excepting howevet, that said s sums shall be repaid the Mortgasee forthwith upon its demand and be in addition to the regular monthly instal!- ments provided by the mort6age note. ~ 3. That the abstract or abstracts of title coverins the mortgaged propetty shall at ali times. during the life of this mottgage. remain in possession of the Mortgagee and in event of the foreclosure of this mortEage ot ather traosfer af title to the mortgaged propetty in extinguishment of the indebtedness secuYed hereby. all right. title and interest of the '.1lortgagat in and to any such abstracts of title shall pass to the purchaser or grantee. 4. To the extent of thc indebtedness of the Mortgaaor to the Mortga6ee desctibed herein or secured hereby, the ;1lortgagee is hereby subrogated to the li~ or liens and to the rights ot the owners and holders thereof of each and every rt~ortgage, lien or other inewnbcance on the land described herein which is paid and!or satisfied, in whole or in part,.out ot the proceeds of the loan described herein ot 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 Mortgagee herein as security for the indebtedness ta the Mortgagee hetein desctibed : or hereby secured, to the same extent that it would have been preserved and would have been passed to and been ; held by- the ~tortgagee had it been duly and resularly assigned. transferted, set over. and delivered uato the Mort- gagee by separate deed -of assignment, notwithstanding the tact that the same may bt satisfied and cancelled of record. it being the infention o( the parties hereto that the same will be satisfied and cancelled of record by the holders thereof at or about the time of the recordina of this mortgage. _ 5. In the event the ownership of the mortgaged ptamises, or any pact theteof. becanes vested in a person~ other than the !1lortgagor, the ~{ortgagee may. without notice to the Mortgagor. deal with such successor or suc- cessors in i~terest vvith reference to this deed and the debt hereby secured, i~ the same manner as with the A1ort- gagor v?ithout 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 forbesrance on the part of the Mortgagee. and no ex- tension of the time for the payment oi the debt lureby secured siven .by the Mortgagee shall operate to release, ; discharge, modify, change or affect the orisinal liability of the Mortgagor herein eithec in whole ot in part. i 6. The lien of this deed secutes 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 substitute there- ~ for, or otherwise, until all such indebtedness shall have been fully paid. ~ 7. /n the event the mortgagors sell, convey or transjer the mortgaged premises du?ing the life oJ this mort- gage, then this mortgoge shail, at 1he oplion oj the Mortqagee herein~ becon~e immediately due and paya6le jor the _ ~ Jutl sum oJ the principal ba/ance and interest then due. . 8. he terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the 6eirs, persona{ representatives. successors and assigns of the respective parties hereto. 9Vherever used the singutar number all include the plural and the plural the singular, and the use of any gender shall inclade all genders. . _ i ~ # _ ' j Si , eale liv e ~n the presence of: tSeaU ' j ,,~I~ t ~i~_ ~ (Seal) icc~~ ~ ' ~ STATE OF FLORIDA I COUNTY OF Qf~C ( ss _ ST. LUCIE ~ Be1'ore me personally appeared JAMES AVERY CARTER snd DARLENE CARTER, his wife~ to me well known and known to me to be the individuals d~scribed io and who executed the foregoing instt~me~t. and acknowledged before me that they executed the same for the purposes thetein expressed. WITNE~s 'my hand. and official seai in the County and State last aforesaid this 23rd Da of November, 1974 ,~,:Y.: ~ Y : ` ~~~,~t~u~~,,,,~ a - y,tl , o _ , q - ~ ~ ~t 1~~' fI+ , June 30 1975 Florida ~ ~~~f-=~° " 1Ay Commission Expires: ~ Notary Public. State of f 11.E4 ~ ~U117Y F . - ~ ~ ~ t(~!~}~ . ~ti.; Sj.~U~ rL;,R~S L ~''.,~d~~' ' ~°,f~z~u~~cou ,,,,~<<yavi•,. Cl ~ ,r,L~ ~ ~ nnu~+:' QF~t~R:'. ~J~'• ` ~ ~ 3 ~0 56 . ~9f~~44 . BooKZ~ ~c~ ~ 4 ~ _ _ ~ . ~ ~ ~ ~ ~ ~ ~ ~ , y. . - .