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Our file 5-32,874 . i
~A~s mw~~a~e w othai uans(e~ ot h11r w~Ae morl~s~ed properly ~n exun~msMacnt o1 tAe ~ndeblednesa seawrd Acro~y, aU ~~`M, ti~le i
snd ~nlerest ot tAt Muttsa~w ~n and to any inyw~nce polic~es ~hen ~n (orce sh~ll pass to tAe pwcA~ser w ~r~n~te. f
lA) To perfam, cwnply ~r~tA and as~de by each and eve~y We sl~pulat~ons, apeea~ents, condN~ons aed covenae~s ~n s~id p~wmasory
note and ~n ihia deed se~ (atA.
1 Tha~ d sny of ss~d sum~ ot nwney here~n retened to pe not pranp~ly aod tully pa~d ~~th~n tifteen Qsya eea~ s(ter
the ssme sevt~slly Aecases due and psyable,a if escA and ere~y tAe st~pul~~~ons, a~reewents, coad~~~ons and coven~n~s of ss~d prou~is-
sory eo~e and tMs deed. or euher, are oo~ (ully perforeed. caspiied ~nth and aA~ded by~ ~he ,a~d aKrepte sum ment~oned m sa~d
prom~ssay note shall becase due and payable fatAWltA a 1Aercafter ~t the opuon ot tAe Mart~s~ee as fulfy and comple~ely as ~f tAe
ss~d a«ep~e sus ot sa~d prom~~cory note ~r~s on~mally supul~ted to pe-pald on sucA d~y, anytA~o~ m sud prom~ssory note or hsre~n
to iht contrary notW~thstand~nE.
1 That ~n order ~o accelerate IAc mawnty ot tAe ~ndebtedness Ae~eby secwed, seuuse o( the (a~lure ot iAe Morlp~w ~o pay sny ua,
asse~smeet, IuA~G~y, obl~puon M e~cumbnnce upon sa~A propertY, aa here~n provided, shsll not be necessary or reQwsue that the
m~i~s~ee shall fuc~ pay tAe saaie.
2. The !1lortgagee may. a! his option, and without waiving his tight to accelerate the indebtedness hereby
securod and to foreclose the same, pay either before or a[ter delinquency any or all of those certain obligations
reyuired by the terms hereof to be paid by the !Nortgagor for the protection of tht mc~rtgage security or for the coi-
lection ot the indebtedness hereby secured. All sums so advanced or paid by the Mottgagee shall be charged into
the mur~gage account anJ become an integral part thereof. subject in all respects to the terms. conditions. aod
covenants of the aforesaid pramissory note. and this mortgage, as fully and to the same extent as thoush a part
of the orisinal indebtedness evidenced by said note and secured by this mortgage, excepting however. that said
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 abstract or abstracts of title covering the mortgaged property shall at all times, duting the tife
of this mortgage, remain in possession of the Alortgagee and in event of th~ foreclosure of this mortgage or othet
ttaasfer of title to the mortgaged propetty in extinsuishment ot the indebtedness secured hereby. all tight. title
and interest of the \lortgagor in and to any such abstracts of title shall pass to the purchaser ot grantee.
4. To th~ extent of the indebtedness of the Mortgagor to the Mortgagee described herein or secured hereby,
the Mortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each
a~d every mortgage, lien or other incumbrance on the land described herein which is paid and!or satisfied, in
whole or in part, out of the proceeds of the loan described herein or secuted hereby. and the respective liens of
said mortgages, IieRS or other incumbrances, shaU.be, and the same and each of them heteby is preserved and "shall
pass to and be held by the Mort~agee herein as secutity fot ?he 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 ~lortgagee had it been duly and regularly assi6ned. Uansfetred, set over, and delivered unto the Mort-
gagee by separate deed of assignment. notwithstanding the fact that the same may be satisfied and cancelled of
record, it bei~g the ~ntention of the parties heteto that the same will be satisfied and cancelled of record by the
holdors thereof at or about the time of the recordens o[ this moct6age.
S. In the event the ownership o! the mortgaged pte~nises. or any part thereof. becomes vested in a person
other than the !Nortga~or, the 1~tortgagee may, without ~otice to the Mortgagor, deal with such successw or suc-
cessots in intetest with ro[etence to this deed and the debt hereby secured, in tho same manner as with the Mott-
gaaor without in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby -
secured. No sale of the premises hereby mortga6ed and no f~beuance on ihe part of the Mortgagee, and no ex-
tonsion of the time for the payment of the debt heteby secured given by the Mottgagee shall opetate to release.
discharge. modify. change or af~ect the original liability of the Mortgagot herein either in whole or in patt.
6. The lien of this deed secures and shall continue to secnre payment of said indebtedness or indebted-
ness, however evidenced, whother by ssid ptomissoty note or any tanewal or extension thereof or substitute there-
for, or otherwise, until all such indebtedness shall have been [ully paid.
7. /n the event the mortgagors sell, convey or transfer the ~xortgaged prernises during the life oJ this inort-
gage, then this mortgage sl~all, ut ~he option oj the Afortgogee herein, beco~ne immediately due and payable for the
Jull sum oJ the p~incipal balance and interest ~hen due.
8. The tenns "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs.
; personal representativ~s, successors and assigns of the respective parties hereto. Wherever used the singular
f number shall include the plural and the plural the singular, and the use of afly gender shall include all genders.
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~ Signed. sealed and delivered in the presence of: ~(,j~~ ~ .~-~l ~ ~1 (Seal)
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E ~SeaU
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~ STATE OF FLORIDA ~ .
E couNTY ST . LUCIE f SS .
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~ Before me personally appeared NALDUS ROBERTS, 8II unmarried mSR~
to me well known and known to me to be the individuals desctibed in and who executed the foregoing instrument,
; and acknowledged before me that they eaecuted the same for the purposes there~n expressed. WITNESS my hand
; and off~cial seal ~n the County and State last aforesaid this Z~FtYI D8y of July, 1975 .
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~1y Comm~ssion Expires: _~~y 29, 1979 Notary Public, State of Florida St LB~gL? i-
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~ B~~K 24~ i~39 .
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