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tA~s ~wav~ra~e .w oiAe~ uanslp o( ~~~Ic w~AS ~dtsa~eA propeny ~a eaunswsAwen~ W ~Ae ~ndts~edeess .e.wad Aeree), ai1 r~~h~, u~lc
am1 ~nte~es~ ut ~~t ~1o~~~a~w ~n awd to aey ~nswance polu~es s~en :n (act sAall pass ~o ~Ae outcA~a~r a~i~nue.
(Al ?o Pe~fniu, ..rnply ~r~tA aai •e~de ey tacA and every tAt st~pul~u~s. •~~etiweets. c~dwona anA co.en~nts in s~~d pru~~~sory
aole sed ~n iA~~ decd •e~ (wtA.
1 TAar J sny a( aa~d suss o1 nwaeY Acrs~a ~elened to bs no~ pro~p~~Y a..d lully ps~0 ~uh~n htteen ~ays eeK~ s(~a
. t~e sar+e seve~ally ~e~oaus due aod Parisle.er ~i eacA and e~ery tAe supul~uoas. a~iatwents, cceW~ua?s and coven~eis of ss?d oron~s-
sar eote and ~A~s J:cd. o~ e~tAer, are not fully pcr(a~ed. cosPl~ed rr~?A and ae~ded sY, tAe .a~d a«?e~a~e swn senuoned ~o ss~A
- ~~s~sxorY no~e sAall oscw~e due an6 psYapte (ortl+~r~U~ or ~haea(te+ s~ Me op4on ot ?Ae Nal~Z~tt as fu11Y ae0 caa6letely ss d tAe
ss~a s~pe~~~e sus d sa~0 paa~aawy eo~s wss a~~~nailY s~~oal~ted to se ps~d on such Q~Y ae+ytl?in~ u~ sa~d prow~sswy note o~ Aere~e
to tAe contruy nolwuhstand~n~.
Th~t ~n orJer to acceler~it tAe ma~u~~ty of tAe ~ndeDtedness Att:by secure0, becauae ot tAe fselure ot iRe Nortja~w ~o Pay sny tas,
asatcsu~ent, lub~i~ty, opl~s~t~on iw enaumManct upon ss~d property, as t~trein pror~dcd. sAall not oe nt.es~ary a reQu~s~lt U~st Utt
mo~i`a~ee shali f~rs~ pay tAe ssase.
2. The ~iortgagee may., at his option. and without wa~v~~6 h~s r~~ht to accelerate the incle~tedness hereby
secu~ed and to loreclose the same, pay either beforc or after delinquency any or ail of those certain a6litat~ons
tequired by the tams heteof to be paid by the ~tortta`ot fot the protecteon ~f the rn~~tga~e security or for the col-
lection of the ~ndcbtedness hereby secured. A!1 sums so advanced or pa~d by~ the Nc~rtgagee shall be chataed into
the +nortaage account and became an ~nte~ral patt theteof. cubject ~n ail respetts to the tetms, cornlitions, and _
covenants of the aforesa~d prom~sso~y nute. and ihis mo[tgaae, as futly and to the same extent as thou~h a part
of the o~is~rtai indebtedeess er~denccd by said note and secu?ed by this mort~aae, excepting however, that stid
sums shall be tepaid the A1ottEa6ee f~tth~xith upc~n its dem~d and be ~n addition to the re~ular monthly install-
ments prov~ded by the morteage nott.
3. That the abstract or abstracts of title coverin~ the mortgaaed prope~ty shall at all times. durie~ the life
of this n:ortgage, remain in possession of the Abrtgasee ard in ev~nt of the fnreclosure of this mort~ase o~ other
transfet of utle to ~he mortgaged property in extin~uishment of the irtdebtedness secured he~eby, all ri~ht. title
and interest of the ~lortsagor ~n and to any such abs:racts of tit~e shall pass to the purchaser ot acantee.
4. To the exienl of ihe ~Rdebtedness oi the MottaaEor to the Mott~a~ea desc~ibed he~ein or secured hateby,
the !~lortgagee ~s hereby subro6ated to the lien or liens and to the rights of the owners and holders theteof of ea~h
and every mortgage, lien or other iacumbtence on the land described hetein which is paid ~nd!or satis[ied~ in
whotc or in part, out of the proceeds o( the loan descr:bed here~n or secured hereby. and the respective liens of
said mortaages, tiens or other ~ncumbrances, shall be and ihe same and each of them hereby is preserved and shall
pass to and t?e held 'oy the Mortgagee herein as secutity for ihe indebtedness to the Mottgasee herein desctibed
ot hereby secured, to the same eatcnt that it would have been prtserved and wauld have bten passed to and beeo
heid by the '?h~rtgagce had it been duly and regulatly assisned, transfened, set over. and delivere~ unto the Mo~t-
aagee by separate deed of assignmcnt, ~otwithstanding the fact that the same may be satisfied :~~d cancelled of
reccxd, it be~ng th~ mtention o( the parties hereto ihat che same will be satis[~ed and cancelle~ of record by the
hoidets thereof a! or about che t~me of the tecordina of this mortsaae.
S. !n the event the ownership of the mvttgaaed prem~ses, or any part thtrcof. 4ecomes vested in a person
other than the Slortgasor, the ~1ort6aare may, without notice to the Alortgaaor. deal with such success~ or suc-
cessors in interest with refercnce to this deed and the debt hereby secured. in the same manner as with the ~1ort-
aasor without in any way v~t~atina or dischar6ing the Mortgaaor's lisbility hereunder or upon the debt hereby
secured. No sale of the premises hereby rtsortgaged and no iorbeuance on the par: cf the !Nortga6ee, and no ex-
tension of tne time for the payment of the debt hereby securcd given by the :Nortgagee shall operate to release.
dischar~e, modify, chanse or affect the origina) liability ot' the ~~ortgagor herein eithtt ~n whole or in patt.
b. The +ien of this deed secuces and shall continue to secure payment of said indebted~ess ot indebted-
ness, however ev~denced, whcthet by said promissory nate ot any renewa! or extension thereof or substitute thete- ~
for. or othetw~se, until alt such indebtedness shall have been ~ully paid.
E In !he even~ the morlgagors stll, convty o~ lransjer tht rno?~gaged pre?nises dunng ihe lije oJ this aeort-
j gaRt, then thrs mor~gogt shall, at tht oplion oJ tht Atorlgagee herein, becorne inimtdiately due and paya6le jo~ th~
~ ju/t surn oJ the pr~ncipcit balance and interes~ then due.
~ 8. Tht tetr:.s "~~u:lEaso:" and "!4torigagee" when~ver uscd in this ~nstrument shali ~nctude tht heirs,
personal tepresentativ~~, successots and assian of the tespective ~arties hereto. Wherever used the sin6ular
number shall include the plural and the plu!^` s~n6ular, and the use of any ser~der shal! include all genders.
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Signed, sea!ed and del~vtred in the presence of_ j!' ~ -l.~f /7~'~-~ (Seal) '
~ ~ ~ " _„~-~~,.r~t-~C~/ 'r/ t ' /StaU
_ - .
STATE OF FLORIDA ~ ~ -.J - _ .
COUI~TY OF~QFX j Ss
ST.LUCIE ~
Before me personally appcared Lv', F. GODWIN actd FRANGES W~ GODWIN~ his wife,
to me well knov?n and known to me to be the individuats described in aad who exscuted the forego~ng instrument,
ar.~ acknowledged befote me that they executed the same fot the purposes there~n eapressed. W1TPiESS my hand
and ofGcial seat in the County and Sta~e lasc aiotesaid this 2nd Day of ~pril, 1976.
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ti1y Co~m~ssion £apires: Jutie 30 979 Notary F'-~bl~c. State of Florid~`~~. ar @~.~~'s ;
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