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~A~a ~a1~~~e w otAa u~nafa ol ~ule 1u ~M +w~t~a~~N ~ro~aty u eauaaw~Awee~ o~ IAs ~ndtattdness ~t.4rrA 1~ereal. •11 e~jAt. ~~~It
•ed ~~ttrt~t of tAs 1Aer~sa{w 111 ~M 10 ~11y ~e~rr~~cs pl~c~ts ~hsa ~n face sA~ll M~~ ~e ~At ~wcl?~ae~ a~r~n~e~.
(A) To oe~laiw, cuwMly ~~tA •~~~s ~Ir t~cA ~M e~err Us ~t~wl~t~osa. ~~rsea~e~t~. coad~uona •nd coven~nis in s~~0 o~uw~ssorY
noie a~d ~w Uur deeA +e~ fatA. ~
1 TA~t ~f any of s~~1 sw~ ol wonsY ~e~e~n ~e(ened lo ?e not prosOUY and (u11Y .~~~~e f~(~een ~ays ne•~ st~e~
~As s~u~e ~evatllY ~cows~ due ~ed O~y~sie.a d s~cA aod evs~y ~Rt s~~pul~~~ons. a~rsesew~s. cnnd,uoes ind coren~nis of s~~A oro~~s.
sa> note snd ~Ais dsed, or e~~Aer, ue no~ t~lly oertor~eA. cospl~eA ~r~~A anA ~b~deA pY, ~~e .~~d s~~ro~s~c sw+ e+em~owed ~n sa~d
p~+wisia? no~! sh~ll ?eeowt d~e and O~Y~SIe taM~~tA o~ ~Atro~fur l~e opt~o~ o( ~Ae Na~{~tee ~s fui~y se0 cowple~ely as ~f ~he
s~~d s~{reaa~e sw~ o( :~~d pon~~RSay ao~e +ras a~/~nally s~~oul~lsd ~o se pa~d m a~cA ArY. ~nyiA~n~ ~n s~~d pan~~soty nott w Atrtin
Io ~Ac contrary ao1~r~l~su~Auy. ,
V 1 TA~~ ~n o~der to stctleralt tAt ~lur~ty of 1Ae ~edeste0ness Asresy secwcd. sec~u~s ol t~e (a~lure of ~Ac 1Ao~i~~~o. ~o psY any ~a•.
as~e~s~en~, hab~l~tY. obl~{~pen er enc~n~Aranct uoon s~~d pnpertY. as At~ein pro~~0ed. ~i sAal! eoi be ee:es~ary a repti~sue ~A~~ ~~r
~wo.iis~ee sA~ll hrst osy tAt sa~e.
The 4brt~aiee msy, at h~s opt~on. and without wawin~ his ti~ht to accelerate the ~ndestedness hereby ,
serured and to fo~eclose the same, psy eithet befote or a[tet delinquency any or all of those cetta~n obl~~at~ons
reqwred Dy the terms heteot to be paid by the Mott~a~ot for the ptotection of the~nx+rtta~e security or fot the col-
lection of the mdebtedness hereby secuted. All sums so advanced or pa~d by the Nort~a~ee shall be char`cd ~nto
the mon6a`e account and become an ~nte~~al part thereof, subject ~n all tespects to the ~trms, cand~t~ons, and
covenants of the afc?rcsaid prom~ssoty note. ond th~s mortsa~e, as fuily and to the same extent as thou~h a part _
of the onj~nal ~ndebtedness ev~denced by said note and secured by this mart~a~e, exceptin` however, that said
sums shail be repaid the Mort~a~ee forthw~th upon its demand and be in add~aon to the ce6ulat monthly ~ostall-
mems prav~ded by the mott~s~e note.
3. That the abstract or absttacts of t~tle coverin~ the nx+rtsa~ed property shall at al~ t~mes, durin= the lile
of th~~ mortQa~e, remain in pc+ssess~on of tht ~1ott~a~ee and in evtnt of 1he foreclosure of this mort~aae or ~ther -
transfer of t~tle to the mott~ssed propstty in exlinjuiahment of the indebtedness secsted hereby. all ti~ht, t~tle _
snd ~ntere~t of the Nutt~a~or in and to any such abstracts of title shall pass to the purchaser or `rantee.
4. To the extent o( the ~ndebtedness of the Mottsa~ot to the Mort~qee dtacribed hetein or secured heteby.
the ~1ott~a~ee ~s hereby suMo~ated to the lien ot tiens and to the n~hts of the ownets and holders thereo~ o( each
and every mortsase. I~en or other incumbrance on the land described herein which ~s psid ~nd.'or satisfied, ~n
whole or in part, out o[ the proceeds ot the losn described herein or secured heceby. and the respective liens of
said mortsases. liens or other incumb~sntes, shall be and ti~e same and each o( them heteby is presetved and shail
pass to and be held by the Mort~a~ee herein as secutity (or the indebtedness to the ~1ort`a~ee herein described
or herebr secured, to the ssme extent that it would have been ptestrved and would have been passed to and been -
held by the ~1ort~a~ee had it been duty and re~ularly assi~ned, ttansferced, tet over, and del~vered unto the Mort- -
~a~ee by separate deed of assianment, notwithstaed~n~ the tact that the same may be satisf~ed and cancelled o[
record, it be~n` the ~nteetion of the puties htreto that the sune will be satisfied and cancelled of record by the
holders thereof at or about the t~me of the recordin~ of this mort~a~e.
S. In the event the ownersh~p o[ the mo~t~a~ed ptemises. or any part theteof. becomes vested ~n a person -
other than the Mott~a~or, the Wort~a~ee may, without notice to the Mort~a~or, deal with such successor or suc-
cesso~s ~e intetest wi~h reference to this deed and the debt her~by secured, in the ssme manner as w,th the ~1nr~-
~aior w~~~out in any way v~t~ati~= ot discharjin~ the Mort~a~or's liability heteunder or upon the dcbt hereby
securtd. No sale of the prem~ses hereby mott~a~ed and no forbeuance on the part of the ~Nort~a~ee, and no ex-
~ens~on of the time for the payment of the debt hereby secured ~iven by the Mott~a`ee shall operat~ to release,
d~schar~e, mod~fy, chan~e or afket the or~~~nal lisb~lity of the S+lort~a~ot here~n e~ther ~n whoie or in part.
6. The I~en of this deed secures and shall continue to secute payment of sa~d ~ndebtedness or ~ndebted-
ness, hawever ev~denced, wheiher by ssid ptomissory note ot any renewal or extens~on thereof or subst~tute there-
lor, or otherw~se, until all such indebtedness shall have been futly pa~d.
7. /n the event 1kt ~no~tgajors sell. convey or transjtr the rnortgoged pren~~ses du?ing the l~je oJ this ino.t-
paRt, thtn ~his inortpa~t shof/, at the oplfon of tht Afortgaatt htrein, btcorne ~rnn~tdietefy du~ and payable jo? rhe
ju/1 sun~ oJ fht prtncipal ba(ance and inftres! then dut.
8. The terms "Mort~s~oi ' and "Mort~a~ee" whenever used in thic ~nstrument shall include the he~rs,
prrsonal represenla?iv~~, successors and assi~ns of the tespecave part~es hereto. VYhereve~ used the singular
number shall ~nclude the plural and tht plural the s~n~ular, snd the use of any ~ender shall ~nclude all senders.
~~ned, se d a el~ ered in e presence o(: ~ (Seal)
~1 G~--i~e~_...~,,,,~ y - ~~'~'y'''c-"~'Se~a f 1
STATE OF FLORIDA 1 '
COUNTY OF ss
ST. LUCIE TROY K. HORNE and LAVERNE A. HORNE, his wife,
8efore me petsonally sppeared formerl y~ known 83 ~~E !4. $RAY ' ,
to me well known snd known to me to be the individuals descnbed in and who eaecuted the fore~om~ ~nstrument,
and scknowled~ed before me that they executed the same (or the purposes there~n expressed. WITNESS my hand •
and off~c~sl sea{ in the County and State last sfotesa~d this 7t~1. d8}1 Of ember, 1977.
_ ~ :
Wy Comm~ss~on E:p~~es: June .30, 1979. Notary Public. State of ~ FI~r~: }8
FILEO AMO RECOROEU `
3t. IUCIE COUMTY FLA ' . ~ -
ROGER POITRAS - ~
r~ -`.!'K C:RCUIT COURT k - ,
' ' ' ' . . ' • " ..J~ .
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