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~A~s mun~~{c ~w wAe~ ~ran•le~ .~1 uUe lu ~he mori~a~ed pope~ty ~n c~~~n~u~sRmem ul ~At ~ndeAiednea• ~e.wad n~~e~~. •11 ~~~h~. uUe
?nd ~n~e~t~~ ol ~At M..+~{a~u~ m~nd to ~nY ~nau?ance pe.l~cie~ ~hen ~e (act sAall psss ~o IAe pu~cAsset o~ ~ran~tt.
lA) 7u pe~l~rm, awnplY W~IA •nd as~de by e~cA ~nd eve~Y tht, aupul~UOns. •~retmen~s. coe~d~t~ons and co~tn~n~. ~n ~~~d pru~w~~~ay
note ~od ~n ~A~. deed .a~ IwiA.
b 1 TAat ~I ~ny of .a~d swns ut ma+ey Ae~e~n iela~ed to be nui p~anp?IY and (ully pa~d .~~A~e I~f~ten Q~ys neal alisr ?
tAe la~n! atverslly be~ants due ~od p~Yasle.or ~f eacA ~nd evt~y tAe s~~pul~l~ons. a~~etmen~~.:on~1~~~on. snd co~tnants of sa~d ~on~~s-
sory no~e •nd ~A~x decd. or ei~Ae~. art no~ Iu11Y O~r(onecd. cMnpl~ad ~~~A and ap~ded by, iAe .s~d auro~a~e swn menuoned m sa~d
pro~issaY ~o~e aAail sccaee due and paYsble (wtA.~tA a Me~eafur tAe op~ion ot ~Ae ~Iwl~a~ee a~ lully and completely ~a ~Ae
su0 a~~re~~~e sun~ ol sa~d praa~~..ory nou ~as o~~~~na11Y st~pulated ~o Se pa~d on ~ucA diY. anyU+m~ ~n snd pani~swY no~e w he~e~n
~o ~he coatr~ry notr~lAs~a~d~n~.
1 Tha~ dder io accele~~~e ~Ae matur~~y oI IAt ~ndebtedness I+e~esy secwed. ~ecsufe ul tAe la~lure ol ~Ae Nw~~a~o~ ~o paY sny ~s?.
asaeasmen~. I~a~~h~). ob~~N~~o^ ^r enaumbrance upon s~~d properiy, as Atrem prov~ded, sAall no~ be ne~ts~ary p ttau~s~lt th~t tAe
mwt~a~ee shall fust pay tAe aaa~e.
The ~lortgagee may, at h~s opt~on, and w~thout wa~v~n~ h~s r~~ht to accelerate the indebtedness hereby
~ecured and tu forecluse the same, pay either before o~ a(ter del~nque~cy any or all of those certa~e obl~~at~ons
ttawred by th~ terms heteof to be paiJ by the ~1art~a~ot tor the protection of the rn~ttgage secur~ty or tot the col-
lection of tht ~ndebtedne~s hereby secured. All sums so advanced ot pa~d by the ~lottgaaee shall be chat6ed into
tht mottgage account anJ become an inte~tal part thereot, sub~ect in aU respects to the term~, cond~uons, and
covenants af 1hr aforesa~d pcomissoty note, and this mo~tgage, as fully and to the same extent as thou~h s patt
O~ l~lt O~I~IRa) IfldGbltdfltSS CVIA~IICC~ Oy S710 IIUIC ~OU aC1:Utt~ Or thlS u~ul(~a~c, cwa.cN~~i1~ ~iJ:.~i~i, Qu3~ a3~u
sums shalt be repa~d the A1or16agee fotthwith upon ~ts demand and be ~o addition to the cegulat monthly ~nstall-
ments prov~ded by the mortsa~e nota
3. That the abstrac~ or abstracts of t~tle coverin~ the mortga~ed property shall at all times. dur~ne the life
of this mortgage, rtmain ~n posscss~on of the 111ortgagee and in event of the fareclosure o[ this mort`ase or other
transfer of utle to the mortaaged p~operty in extin`uishment of the indebtedness secured hereby, alf ri~ht, t~tle
and mterect of the ~1o~tgagor in and to any such abstracts of title shall pass to the purchaser or grantee.
4. To the extent of the ~ndebtedness of the Mort~a~or to the Mort~a~ee described herein or secuted hereby,
the ~tortgagee is hereby subroEated to the lien or liens and to the r~ahts of the owners and holders thereof of each
and ~every mortgage, lien or othet ~ncumbrance on the Iand desct~bed herein which ~s pa~d ~nd!or satisfied. ~n
whofe or ~n part, out of the proceeds o( the loan described herein or secuted hereby. and the tespect~ve liens of
said mortgages, l~ens ot other ~~cumbrances, shall be and the same and esch of them heteby is presetved and shall.
pass to and be held by the Alortgagee herein as security for the indebtedness to the Mortsa6ee here~n desctibed =
or hereby srcurcd, to the same extent that it would have been preserved and would have been passed to and been
held by the ~tort~agee had ~t been duly and reaularly ass~gned. transferred. set over. and deGvered unto the Mort- 3
gagoe by separate deed of assianment, notwithstand~n6 the fact that the same may be satisf~ed and cancelled of
record, it boing the intent~on o( the parties heteto that the same will be satisfied and cancelled of recotd by the '
holdets thereof at or about the t~me of the recordint of this mott~a6e.
5. In the event the ownersh~p of the mort6aaed premises, or any part thereof, becomes vested in a person
other than the ~lortga~or, the \lortgasee may, without notice to the Rlortgaaor. deal with such successor or suc-
cessors in ~nterest Kith ref~rence to this deed and the debt hereby secured, ~n the same mannet as with the Mort-
~ato~ w~thout ~n anv way v~tiat~nE or discharg~n~t the MortRasor's lisb~lity hereunder or upon the debt hereby
secured. No sale of the ptem~ses hereby mort6ased $nd no [orbearance on the patt of the ~lortaa6ee. and no ex-
tcnsiun of tht t~m~ for tfie payment ot the deDt hsreby secured given by the ~iortgagee shall operate to reicase, _
d~schar~e, mod~fy, chanse or affect the ang~nal liability of the R1or~~aaor herein e~ther ~n whole or in part.
6. The I~en of this deed secutes and shall conunue to secute payment of said indebtedness ot ~ndebted-
ness, haw•evcr ev~dcaccd, a•hether by said ptomissoty rtote or any renewal or eztens~on thereof or subsutute there•
(ot, or otherw~se, unt~l all such indebtedness shall have been fully paid.
7. In the e~~ent the mortgagors sell, convty or tiansJ~r the rnortgag~d pr~meses during the lije of this niorl-
gage, rhen this ?no~rgnge shall, at tht op~ion oJ the Alorlgagte hertin, b~con~e inunediorely due and poya6le Jo? 1ht
~ Jull sum oj the pnnc+pal balance vnd ~nterest then due.
8. Thc tertns "hlortgaaor" and "Mortsagee" whenevet used in this instrument shall include the heirs,
personal repr~sentativ~~, successors and ass~gns of the respective parties hereto. Wherever used the singylar
~ number shall include the plural and the plural the s~n6ular, and the use of any aender shall include all genders.
[
i Si ed, sealcd nd Gvere i e presence of: ~ (ScaU
!
` ~SeaU
~ fILE
~ ~j 57. LUCtE COUNTY FlA
aQCE~ ?~~TRAS
i CIERK C1(tGU1t CCUR=
E STATE OF FLORIDA ~ ~ REr,pp~ VER~fiED
~ COUNTY OF:~-X M~c 15 ~ 5 aN ~17
ST.LUCIE
Before me petsonally appeated JOHN BOONS, 8i1 unmarried mSII~
; to me well knov?n and known to me to be the ~nd~viduals described in and who executed the forego~n6 instrument.
; and acknowled~ed before me that they executed the same for the purposes therein expressed. WITNESS my hand
E and off~cial seal ~n the Caunt~ and State last aforesa~d th~s 26th Day of February~ 1977.
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~1y Ccxnmiss~on Exp~res: .JURe 3O, 1979 [Votaiy Publ~c, State nf: ~O ~•.8 r e
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