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th~s ma~tia~e w athrr trans(e~ ol ~ule tu ~hs mo~~Ra~ed ptope~~y m eiunau~ahmeM u1 Ihe ~~dt~~ednesa accwcd Reuny. all ~i`M, t~Ue
snd ~n~ere~~ o( tAe A1urt~s~a in .nd ~o ~nY ~nswsnce pol~c~es then ~n (orce aAall paas to ~he purchs~er a ~r~n~ee.
(A1 To peHMm, cumply w~tA ~nd ~b~de by eacA and everY tAe sUpubt~ons, speements, ca?d~4ona and covenso~s in s~~d p~wa~asory
no~t and ~n ih~~ deed sst fortA. .
1 That d sny o( a~~d sumc of nwney here~n ~efe~red to Dt nut ~:anptly ar?d tully paed nv~hin hftten dsys neat atter
tAe same severally Secoiees due aed paysble,a ~t each and ere~y tht shpulat~a?s. ~~reements, roed~t~oes snd coven~nts ot s~~d ptos~s•
sory note and tlns deed~ a e~ther, are no~ (ully pertawed. compl~ed w~th and ab~ded by~ ~he ~s~d a~pe{ste swn mcnt~oeed ~o aa~d
praaisswy note shalt becoae dus ana paysble (alhwi~A a tAere~tte~ ~t the opt~on of the Mwl~s{ee as fully and completely as ~f the
s~~d s~~re~ate sum ot sa~d p~aniaaay note ~r~s a~~~nally supul~ted to be ps~d oo such day. anyth~n~ ~e sa~d ptonussory note or herc~n
to tAe contruy notw~tAstand~n~. .
V 1 That ~n ordu to accelttatt tht ma~un~y of the indebtedness Aereay secwed, because of ihe ta~lure o( iAe Morisssor ~o pay sny aa,
asse.smem, lub~Lty, obhsat~on ex encumb~ance upon sa~d proputy, as here~n provided, ~t shall not Ae ne.essary or tepwsut that tAe
enat~a~ee sAall (ust pay the same.
2. The 1~lortgagee may, at his option. a~d without waiving his right to accelerate the indebtedness hereby
secured and to fo~eclose the same, pay either befare or after delinquency a~y or all of thusc reriain obligations
required by the terms heteof to be paid by the Mortgaaor for the protection of the rn~ttgage security or for the col-
lection of the indebtedness he~eby secuted. All sums so advanced ot paid by the Mortgagee shall be chatged into
the mortgage account anJ become an integral part thereo(. subject in all respects to the terms, conditions, and
covenants of the aforesaid promissory note, and this mo~tgage~ as fulty and to the same extent as though a part
of the origieal indebtedness evidenced by said note and secured by this mortgage, exetpting however. that said
s~tms shall be repaid the Mo~tgagee forthwith upon its demand and be in addition to the regulat monthly install-
ments providcd by the mortgage note. ~
3. T1~at the abstract or abstracts of title covering the mortgaged property shall at all times, during the life
of ~his mortgage, remain in possession of the [~lortgagee and in event of th~ foreclosure of this mo~tgase or other
ttansfer o( title to the mortgaged ptoperty in extinguishment of the indebtedness secured hereby. all ri~ht. titie
and interest of the ~lurtgagor in and to any such abstracts of title shall pass to the purchaser or gtantee.
4. To the extent of the indebtedness af the Mortgasor to the Mortgagee described herein or secured hereby.
the Mortgagee is hereb~ subrogated to ihe lien or liens and to the ~iahts ot the owners and holders thereof of each
and every mortgage, lien or other incumbrance on the land desctibed 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, liens or other incumbrances, shall be and the same and each of them hereby is preserved and shall
pass to a~d bc held by the Mortgagee herein as security for the indebtedness to tha 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 !1lortgagee had it been duly and regularly assigned, transfened, set over, and delivered unto the Moct-
gagee by separate deed of assignme~t, notwithstanding the fact that the same may be satisfied and ca~celled of
record, it being the intention of the parties hereto that the same will be satis~ied and ca~celled o[ recotd by the
holde~s theteof at or about the time of the recording oi this ~nortga6e.
S. In the event the ownership of the mortga6ed premises. or any part theteof, becomes vested in a person
other than the Mortgagor. the 4fortgagee may. without nolict to the Mortgagor. deal with such successor or suc-
cessors in interest with reference to this deed and the debt hereby secured. in the same manner as with the Mort-
gagor without in any way vitiating o~ discharging the Mortgagot's liability hereunder or upon the debt hereby
secured. No sale of the p~emises hereby mortgagod and no forbeacance on the part of the Mortgagee. and no ex
tension of the time for the payment of the debt hereby secuced given by the Mortgagee ahal! operate to release,
discharge, modify. changc or aiftct the original liability of the Mortgagor herein either in whote or in part.
6. The lien of this deed secures and shall continue to secure payment o[ said indebtedness or indebted-
ness, however evidenced. whether by said promissoty note or any renewal or extension thereof ot substitute there-
for, or othetwise. until all such indebtedness shall have been fully paid.
In the event the mo?tgagors sell, convey or transjer the mortgaged premises during the life oj this ino~t-
gage, t6en this mortgage shal(, nt the option oJ the Afortgagee he~ein, 6econre inuhediotety due and payable Jo~ the
Jufl swn of tlre p~incipal balance ond interest then due. ,
8. The tertns "Mortgaaor" and "Mortgagee" whonever used in this instrument shall include the heirs.
personal representativ~~, successors and assigns of the respective patties heteto. Wherevec used the singutar
number shall include the plural and th~ plural the singular, and the use o[ any ge~der shall include all genders.
Sign d. sealed d~verc in prese~ce of: ' ~ (Seal)
~Seaq
~ ~
STATE OF FL.ORIDA ~
COUNTY OF ~ j ss
ST. LUCIE ~
Before me personally appeared DECIL COTTON ~ Sn unmarried wom311 ~
to me well known and known to me to be the individuals described in and who executod the foregoing insttument.
and acknowledged before me that they executed the same for the purposes there~n eapressed. WITNESS my hand
and off~cial seal in the County and State last aforesaid this 2gth Day of August, 1975.
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H~ti~~q?,~,s~K~es: _ June 30, 1979 Notary Public;;~iia~~~~ da e
ST.IUCIt G~~NR4S` =
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