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ih~s murt~a~tr w.,~Aer van~(e~ ol utle w ~he mon~a~ed property m c.unau~~nmem W ~he ~ndeA~edne~> .e.uic Ac~en~, ~ 1~nr t, ti~le
and ~n~e~ext o( tAe Ak~r~~a~w in ~nd~o any ~nsutaece pol~cees ~Aen ~n (orct shall pssa ~o the purch~ae~ u~ ~r~n~ee.
lA1 Tu periMm, ..rnp1Y ~r~tA and as~de by esch fn~ e~ery tht ~hpulat~ons, •~reements, coed~t~onc •nd covenaM. ~n +a~d prum~ssary
no~e and ~n Ih~. deed .et (onh. '
1 That ~t any of ~a~d sum.c ol money here~n re(et~cd to De not praaptiy and tully pa~d y~~h~n (~fteen ~ays ne?~ altt~
~he same severally becanes due and psyasle,or ~f each and eve~y tAe st~pulatwns, a~reemeets, cund~tions and covenan~s o( ss~d prae~s-
say no~e snd ~h~s detd, or euher, ~re not (u11Y pe~formed, ca+~pl~ed wuh and ab~ded by, tAe ,~id ag~rcp~e sum menuoned ~o sa~d
pamsso~> nu~t sAsll become due and paYable (athr~~h o~ ~herea(ter a1 the opaon o( the \1wt~a~ee as tully and completely as ~f the
sa~d a«re~ate sum o( sa~d prom~ccay note +ras w~~~n~lly st~pul~ted to De pa~A m sucA dry, anytA~n~ ~n said pramcsory note w here~n
to ~he c~~ra~y eohruhsland~nR.
Q 1 That m order to accelera~e thc mawn~y o( tAe ~ndestedness Aere~y secwed, because u( lhe ta~lure ot ~he Nor~~a~or ~o p~y any ~aa,
as.essment, lub~hty, obhp~~on rx encumbrance upon sa~d property, as hetein prov~ded, ~t shall not be ne.escary or rcQu~s~~e ~Aat the
mor<<aete shall fus~ pay tAe same.
2. The ~lottgagee ma~~, at his option, and without waiv~ng his right to accelerate the indebtedness heteby
secured and to foreclose 1he same, pay either before ot a~ter delinquency any ot all of those cettain obligations
required by the terms hereof to be paid by the ~lortgagor far the protection of the mextgage security or for the col-
lection of the ~ndebtednesc heteby secured. All sums so advanced ot pa~d by the `lortgagee shall be chatged into
the mortgage account anJ become an integral part thereof, subject in all respects to the terms, conditions, and
covenants oG the aforesaid prom~ssoty note, and this mortgage, as fully and to the same extent as though a part
of the original indebtedness evidenced by said nate and secured by this mortgage, excepting however, that said
sums shalt be tepaid the Alortgagee forthwith upon i~s demand and be in addition to the regular monthly instail-
ments provided by the mottgage note. _
3. That the abstract or abstracts of title covering the mortgaged property shall at all 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 property in extinguishment of the indebtedness secured hereby, al! ri6ht, title
and ~nterest of the ~lortgagor in a~d to any such abstracts ot tit{e shall pass to the purchaser or gra~tee.
4. To the extent of the indebtedness of the Mortgagor to the tilortgagee described herein or secured hereby,
the ~lortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders theteof of each
and every mortgage, lien or other incumbrance on the land desctibed herein which is paid and!ot satisfied. in
whole or in part, out of the praceeds of the loan described herei~ or secured hereby. and the respective liens of
said mortgages, liens or other ~ncumbtances, shall be and the same and each of them hereby is presecved and shall
pass to and be held by the Mortgagee herein as security for the indebtedness to the hlortgagee 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 tl~e ~lortgagee had it been duly and regularly assigned. tra~sfened, set over. and delivered unto the Mort-
gagee by separate deed of assigiment, notwithstanding the fact that the same may be satisfied and cancelled of
recocd, it being the ~ntention of the parties hereto that the same will be satisiied and cancelled o[ record by the
holders thereof at or about the time of the recording of this mortgage.
5. ln the event the ownership of the mortgaged premises. or any part thereof. becomes vested in a person
other than the \lortgagor. lhe ~lortgagee may. without notice to the Mortgagor. deal with such successor or suc-
cessors in interest N•ith tefetence to this deed and the debt hereby secured, in the same manner as with the Mort-
gagor without in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt heteby
secured. No sale of the premises heteby mortgaged and no [orbearance on the part of the Mortgagee. 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 af[ect thc 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 o[ said indebtedness or indebted-
ness, however evidenced, whether by said pr~xnissory note or any renewal or extension thereof or substitute there-
for, or otherwise, unti! all such indebtedness shall have been tully paid.
7. In ~he event rhe mortgagors se!!. convey or transjer the mortgaged pren~ises du?ing the lije oj ~his n~ort-
gage, then ~his mo~tgage shofl, at the op?ion oj ~he Alortgagee herein, become in~mediately due and payable Jor the
jull sun~ oJ the principal balance and interest then due.
8. The te~ms "Mortgagor" and "!4lottgagee" whenever used in thic instrument shall include the heirs,
personal teptesentativ~s, successors and assigns of the respective parties hereto. Wherever used the singulsr
numb shall include the plural and the plural the singular, a e use of a ender sh include all genders.
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f Sig sea:t liv ed i e presence of: ' ap
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~ STATE OF FLORIDA ~ ~
~ f 55
i COUNTY OF ~ ~
ST.LUCIE i
Before me petsonally appeared ~~T ~o~I~~(J~~dJ B~I~~~~~UGHLIN, his wife,
to me well known and known to me to be the individuals described in and who ezecuted the foregoing instrument,
and acknowledged before me that they executed the same for the purposes there~n expressed. WITNESS my hand
and official seal ~n the County and State last aforesaid this 20th Day of September, 1975
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; ~1y Commission Axpires: June 3O, 1979 Notat~i~Pub~~cOS~e of ~ F1 rida a e
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i ill~ ;.~vyTY fl ~ f/! R~:
f Sj~ F~~ y. )ti~AS ~ . x,~. ~~o .
CL~ ~ •:l'.; CC+iI~T ~t ~ : nL ~ .
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g~f 76 1 oa P~'7~ 6 ~~~~'~'t"
~~'~~i~ 60~( ~ PAGE
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