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Our file 5-32,822 eotia t6KSOf by mail w tAe Mortpg~e a~d ths 111ortgsgee may make proot of las~ it the same is aot ayds W'cmPtlY ~r t6e Mat~~a. la waN! of fas elowu~ o[ lAis marta~ or W.her uanster ot titN W t~e mo+t~a~sd ProPsrtY ia e~[cinjuisAm~nt d tht iad~bf~d~ws M~vtrd 6~nbr. all ~ht, titb aud inunst ot th~ btats~or ia ~ad W any iawrance po4ciM th~a in toroe slull pua w tM purclr~a o~ ~aat~a Ib11b p~eform, comply rritb aad ~bid~ by e~eb ud ~vuy t!N ~upulatiow~. ~ts. co+~ditiow ~od aov~aaat~ ia s~id pe~oadwory aot~ ud in tAi~ d«d wc tortb. ~ lii 7bt if ~oy ot nid iums ot moory herein ~e(erred w bs not prompt(y ~~d tully p~id witlun Rttesn d~,~rs w~ct aR~r th~ r~ms Nverdb+ beccmM due ~ad p~yabM. or if e~eA aad every tlr stipulatioir. ~gn~a~eats. ooaditiom aod wYeaa~s ot iaid pramis~ory aot~ aod t~is dMd. or at6K. ~rs noc fulbr p~r(ormd. ca~oplid with aad abidscl by. th~ ~aid ~gg~e~te sum mbtionad in s~id p~omi~aory noN shdl bsoo~ne dw ~od pqabb tastAxith or tlwedl~ at tAt optioa ot the Mortas~gee u tully aod oompletdy u it tAe iaid aggrept~ sum ot aid promiaory not~ was oripudly ~ul~ted W b~ p~id on w~tA dyr. aaytlw~ iu a~id promissory oote or 6erain w t6s coatrary notwi~hstanbns. 1 j 17Uat in ordr w scc+elente tAe m~turity of the indebtedness ~«eby secured. beuwr o( tAe hiluro ot lhe Martg~go~r to p~y ~ny tu, apsam~nt,lia6iL'. ty. obligatioo ar eacvmbranw upon xid propaty. u herein pro~~ded. it ehall uot be osaes~ry or royuuite tFut the martpgw eha116rst pay ths wn~. 2. The Mortgagee may. at hia option. and without waiving his right to accelerate the indebtedneaa bereby secured aad to forecloae the same, pay either before or sfter delinquency any or all of those certain obligationa required by the terma hereof to be paid by the Mortgagor for the pmtection of che mortgage eecurity or for the collection ot the indebted- aesa hereby secured. All-sums so advanced or paid by the Mortgagee ahall be charged into the mortgsge aa;ount and become an iategral part thereof. aubject in all respecte to the terms. conditions. and covenants of the aforesaid promis- sory note. and thie mortgage. ae fully and to the same estent ae though a part of tbe original indebtedness evideaoed by said note and aecured by thja mortgag~e~ ezoepting hoarever. that eaid auma ahall be repaid the Mortgagee forthwitb upon its demand aad be in eddition to the regular monthly installm~ts provided by the mortgage note. 3. Tbat t6e abatract or abatracts of title covering the mortgaged proparty shall at all timee. during the life of this mortgage~ remain in poaseeaios~ of the Mortgagee and in event of the foreclosure of thie mortgage or other transfer of title to the mottgaged property in e~ctinguiahmeat of the indebtednees eecured hareby, all right, title sad intsrest of t6e Mott- gagor in aad to any auch abstracte of title ahall paas to the purchsaer or grantee. To the ~tent of the indebtedneas of the Mortgagor to the Mortgagee described herein or seciued l~er~y. the Mortgagee ie 6ereby subrogated to the lien or liens and to the rights of the ownera and holdera tbereof of each and every mortgage. lien or other incumbrance on the land deecn'bed herein which ia paid and/or satia5ed. in whole or in part. out of the prooeeds of the loan described herein or aecured hereby. and the respective liena of said mortgagee. liens or other incumbrancee, shall be and the same and each of them hereby ia preserved and ahal! paaa to and be held by the Mortgages herein as security for the indebtedness to the Mortgagee h~ein deecribed or hsreby secured, to the same sztent tlut it ~rould have beea preeerved and would have been pasaed to and been heW by t6e Mortgagee had it been duly aad regulsrly asaigned. traneferred. set over. and delivered unto the Mortgagee by eeparate deed of assignment, not~rithetaading the fact that tbe same may be satis~ed and cancelled of record, it beiag the intention of the parties hereto that tl~e aame will be aatisfied and cancelled of reoord by the holders thereof at or t the time of tbe reoording of thie mortgage. 5. In the event tbe ownership of the mortgaged premiaes. or y psrt thereof. becomea veated in a peraon oth~ tban the Mortgagor~ tl~ Mortgagee may, withoat notice to the Mo r. deel w?ith such aucoessor or auooeaeore ia in- tereat with reference to this deed and the debt hereby aecured. ' e same maaner as ~rith the Mortgagor without in any way vitiating or dixharging the Mortgagor's liability here ~ or upon the debt hereby aecured. No sale of the premiaea hereby mortgaged and no forbearaace on the part of the Mortgagee. end no ~tension of the time for the payment of the debt hereby secured givm by the Mortgagee shail operate to rele~eae, diacharge, modify. chang~e or affect the original lia- ' bility of the Mortgagor herein eit6er in whole or in part. ~ 6. The lien of thia deed eecures and ahall continue to secure payment of said indebtedness or indebt~a. however evidenoed. w6ett~er by said pmmissory note or any renewal or eztension thereof or aubstitute therefor, or oth~riae. ~ unt~7 all auch indebtedness shall have been fully paid. 7. In the eueirt tl+e mortgagon sel~ conoey or trans(er the mortgaged pnneises during the li/e oj tlus mortgage, then this mortgage sha!!. at the option o/ the Mortgagee herein. become emmediately due and payable (or the fuU sum or the principal 6alance and interest tleen due. ~ 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall incl~e the heirs. per- sonai cepreseatatives. succeasors and assigns of the respective partiea hereto. Wherever used the singular number ahall iaclude the plural and the plwal the singular, and the use of any geader shaU include all genders. ~ S' , ed d v ed t resen of: ~ (Seail I - i ISea11 l ~ ~ ~ ~ STATE OF FLORIDA ss E COU~1 TY OF ~K ~ ST.LUCIE i Before me peraonally appeared EDWIN STEVENSON, an unmarried man, to me well {wown and known to me to be the individual described in and who ezecuted the foregoing inatrument, and t acknowledged before me that'they ezecuted the seme for the purposes therein expresaed. WITNESS my hand snd ' official seal in the Connty and State last aforesa'.d this 17th Day of July, 1975 : .«~~?n~n, r i My Commission Ezpires: June 30.~ 1979 Notary Pu~, St~j~nt ~ ~ • ~ `~~EU A~ ~OUNTY F4~~ ~ • ~ ~ t ` ~ ~ ~aeEr~ ~p~r~~i - i ` CI~RK C+'GUIT ~OU!!T - • _ ~ _ ' z ~ECU~o vearF~[p~~,~ - ~ ; i . : ; ~Ir~, 30 I PM'75~n k / - . 31~'749 $aox~~ ~cf- ~ ~ ~ ~ ~ ~~-~°~'~'~„s~~~` - _ ~ 4~ ~ ~ _ _ ~ ~.z ~ ~ ~ s- . _ _ n