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~h~s ww~~ase w uther tr~eafe~ o! utlt`.:a ~he ~aw~~a~ed poperly ~n eaUn~u~shmeet u1 ~Ae ~edtEtt9nKS seCWed hetebY. ali nsn~, ~~Ue
and ~nttresl of tRt Mat~a~ur ~n and ~o any ~n~uares polic~es tAea in (ace sAsll Psss to lhe putcA~se~ or <<an~ea ~
(h) To pert«m. complY w~~h a~?d ~S~de Sy eaeh ~e~ tvuy tAe shpulatiows. ~ueeaients. cond~uws and covenanis +n s~~d F~vaussay
aote snd in ?h~a Aeed ~e~ (ath.
l~) '~hat ~I ~ny of s~~d swns ot mooey here~n refened to be not pru~y~lY sed (ully paid ~uA~e (~(teen dsys neat atie~
, tAe ssme severally becanes due ~nd payasle,or it e~ch and eve~y tAe stipul~t~oat. a~reee~ee~s, cond~~~a+s ~nA coveq~n~s of si~d Otos~s-
saY ~ae and lhis deed, a eithe~. ~re not (ulfy pertawcd, coaiplied ~r~tA •ed abided by. the aa~d a~re~ate s~rn aenuoeed ~e ss~d
praa~ssay note ahsll becaae due and osYable tor~A~ritA or ~Aerea(ur •t tAe oquoo ef ~Ae IHx~~a~ee as f~Hy ~nd caspletely ss it tAa
sa~d asue~a~e suo of sa~d pranissay eote ~r~s ~r1~In~lly stipul~ted to be ps~d m sucA d~y. snytA~~s in s~~d paaisso~y.note or Aere~n
r to ~he conu~ry notai~hsland~n~. `
) That ~e orde~ to acceler~tc the ma~unty ot tAe indebtednes; hertsy secweA. because ut the ta~lv~e ot tAe Ida~~a~or to psy any taa,
assecsnien~, iubllity, obl~piioe a encwuMance upon ss~d properiy, ss Aere~n pro~ided. ~t shall not be aecessary ar reQuisite that ~e
matissee shsll fast pay Ue sase. r ~
2. The 4brtgagee may, at his aption, and without waiving his ri~ht to accelerate ihe indtbtednesa Meredy
secured and to foreclose the same, pay eithet before or after delinquegcy any or atl of those certain obliaations ~ _
required by the terms hereof to be paid by the Mo~tga~or for the protect~on o[ the mortga`e secutity or fot the col-
lection ot !he indebtedness heceby secuced. All sums so advancea or paid by the Mortgagee sha{1 be cha~~ed into
the mortgage accaun: and become an intcg~al part thereot. subject in all respects to the terms, conditiocia. and -
cove~~anta of the aforesaid promissory note. and this mottgage. as fully and to the same extent as thouah a part
of the oriainal indebtadness evidenced by said note a~d secured by this mortg~ge. exceptins however. that said
sums shall be tepaid the Mortgagee forthwith upon its demand and be in addition to the regular monthly install-
ments {~r~vided by the mottgage note. - -
3. That the abstract or absuacts of title coverin6 thc mortgaaed pmp~rty shall at ail times, durint the life
of this~ mortgage, ~emain in possession of the Mortgagee and in event of-tfie foreclosurc of this mortgase ot other
transfer of title to the mortgaged properly in extin6uishment o( the indebtedness secured hereby, all rifht. title
and interest of the Mortgagor in and to any such abstcacta o[ title ahall pass to the purchaser or grantee.
4. To the extent of the indebtedness oC the Mottgagot to the Mortaagae describ~ed hetein or secuted heteby.
the Me?rtgagee is hereby subrogated to the lien ot liens aad to the rights ot the owners and holders thereaf of each
and eVery mortgage, lien or othel incumbrarce on the land desetibed herein which is paid andlor satisfied, in
whole or in part, out o[ the proceeds of the loan described herein ot secured hereby. aad the respective lieees of
said mortgages, iiens or other incumbrances, shall be and the same and each of tham hereby is preaetved and shafl
pass to and be held by the Mortgagee herein as. secutity fot the indebtedness to the Mortgaaee herein described
or hereby secured, to the same eatent that it would have been presarved and would have been paased to and been -
held by the !?lortgagee had it been duty and rsgulatly assi~ned. transfened, set over, and delivered uato the Mott- •
gagee by separate deed of assignment, notwithstandina the [act that the came may be sAtisfied and ~ancelled of
rFcord. it being the intention of the parties hereto that the same will .be satisfied and cancelled of record by the
holders theteof at or about the time of the recordina of thi"s mortgage.
~ 5. tn the event the own~rship ot the mortgaged premiscs, or any patt thereof. becomes vested in a person
other than the !Nortga6or. the NortgaEee may. without notice to the MortgaEa. deat with such auccescor or suc-
cessors in~interest with reference to this deed.and the debt hereby secured. i'n the same mannet as wiW the Mort-
gasor withaut in any way vitiating or dischargina the Mott~u`or's liability hereundei ot upon the debt hereby
secured. No sale of the premises hereby mortgaaed and no fotbeuance on the put of tht Moctga`ee~ and no ex-
~ tensian of the time for the payment of the dabt hereby secuced `iven by t6e Mortaagee shall.operate to celease.
discharse, modify, chan6e or affect the original liability of the Mortaaaor herein either in wfiole or in~put.
6. 'I'he lien of this deed secures and shali continue to secure payment of said indebtedness ot indebted-
ness. however evidenced. whether by" said promissory note or any renewal or extension thereof ot substitute there-
for, or otherwise, until all such indebtedness shall have been fully paid. '
7. /n t6e event the ~nortgagors sell, convey or transje~ the mortgagrd prer~ises during the lije oj ~his ~no~t-
gage, then this mortgage shall, ot_ the option oJ the Mortgagee herein, becomt ineinedia~ely due ond payable fai the
Jul! sum oj the principal bolance and interest then due.
8. The tenns "Mortaaaor" and "Mortgagee" whenevet used in this instrwnent shalt inctude the heirs,
personal representativ~~, successors and assigns of the respective partizs heceto. Wherever used the sinaular
I number shall include the plural and the plural the singular, and e use of any sender sha 'nclude all ~endera.
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gned. sealed a del~ e d in the presence of: • ~ (~a~)
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~ _ ~Seal)
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~ STATE OF FLORIDA ~
COUNTY O~ j ss .
~ ST.LUCIE ~ ~ ~
Betore me personally appeared H. $MIZ'~I ~ 8i1 unmarried LIISII~
F to me welt known and known to me to be the individuals described in snd who executed the fore6oina insttument,
; and acknowledg~d tlefote me thal they executed the same for the purposes therein expressed. WITN~,SS:qp~j`fi~d
` a~d official seal in ihe County and State last aforesaid this l~+ttl D8y Of F Sr3t~~~`~,~gs~?'p;'~,,~~.
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~ . ~I Canmission Ex ~res: June 30 : 1979 Flori t:~ y=
~ Y P~ Notary Public, State of ~ ,
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