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~ U~s wa~~~{s w o~Aa u~n~ler ol ~Nls W~M ~ot1~~~d /repr~y ~a suuy~~sMaee~ o~ ?Ae ~ndel~e0nsss ~t.wed ~e~eA1. •U n~A~. ~~U~
~~y ~~IH~~1 ef Me 1Aen~yw ~s ~M /o ~~y ~~~ir~wee pl~c~ss ~Aes ~e face s~~ll N~~ ie ~~e ~wc~~se~ a~r~e~ee.
(A) To ~ertr~, cw~olr ~~U~ •M ~~~e ~y e~cA ~~0 evsry Me •I~wl~~~ous. ~{~eeweeu. cew0~~~oes an0 coveean~s ~w s~~0 Pr,~w~s~a~
~e ~ ~a ~A~s deel se~ forM.
(~1 TI~~~ ~nr of s~~~ ~wn ol woAeY ~e~e~A r~lsned te ~e no~ ~aN~ly ae0 (~Ily ~~~A~n hhten Qays we~t ~(~e~
Ms ~~~e sersr~lly ~eco~es Ire ~M o~y~?Is, or ~f cscA aM every tAs suWl~uo~s. ~~~eewen~s, cand~~~oes ~M covee~nts of s~~d Kas~~-
saY ao~e and IA~s Oesa. a e~~As~, ~rs no~ f~11Y Osrfa~ed. co~ol~eA •~d al~ded sy, ~~e .a~0 a{~re~a+t sw~ rnem~oned ~n s~~d
pew~s~a? nou sA~ll lstowe d~s ~ed P~Ysble (a~A.~tA or ~~crea(~cr ~Ae o~~~oe of ~As Mo~1~~~ee •s f~lly and cosole~ely as iAe
s~~1 ~~pe{~~e sw~ o( s~~A pes~~aar ~eie ~r~s a~{~eallr su~ut~~ed ~o re Pa~A m aYeA A~Y. snyiA~n~ ~n s~~d aae~ssaY ~ou a Aereie
to IAS toe~ruy no1~r~~AS1~M~n~.
V 1 Ths~ ~a adsr ~o seeslsr~te ~~e aia~ur~~Y o/ Me ~sdeSteAaess Aercly sec~red, sec~~se ol iAe fa~l~re of ~Ae Ma~~s~w ~o o~y a~y u..
asseasn~eM, J~~0~1~1Y. os~yi~ae e? en~~~s~.ece ~oon s~~e p.~oe~~r, ~s Aere~n pov~ded. sAall no~ se ne.es~ary o~ reau~s~u tA~i ~Aa
~p~~~~c~ :hall f~rs~ ~ay tAe s~~s. ~
2. The Mott~a~ee may, at h~s opuon. and without wa~vio~ his t~~ht to acceletate the ~ndebtedeess hereby
seru~ed and to foreclose the same, p~y eithet before ot aftet del~eQuency sny ot all of those cera~n obli~at~ons
requued by the terms hereof co be .paid by the !Nort~s~or for ihe protection of the me+~t~a~e secuti~y or for the col-
lection o( the ~ndebtedness hereby secuted. All sums so sdvanced ot paid by the Hort~a~ee shall be chst~ed ~nto
the martsa~e account anJ become an ~~te~ral put thereof, sub~ect ~n all respects to the terms, coed~uons, and
covenants af the af~+tesa~d prom~ssoty note, and th~s mort~a~e, as fully and to the same extent as thou~h _a part
of ihe on~inal indebtedness ev~denced by sa~d eote and secured by this murt~a~e, except~n~ however, that sa~d
sums shall be tepa~d the Mottjatee fotthwith upon its demand and be ~n addiuoo ta the retulat monthly install-
ments prov~ded Dy the mat~a~e note.
3. That the abstract or abstracts of title covetini the nMrt~a~ed property shall st all t~mes, durin~ the I~fe
of ~h~c mort~a~e, rems~n m pc?ssess~o~ o( the Mort~a~ee and in event of the foreclosute ot th~s mort~a~e or ~ther
transfer af u~le to the mort~a~ed propetty in eat~n~uishment of the ~ndebtedness secared hereby. all ri~ht, t~~le "
and mtetect of the ~lutt~a~ot ~n and to any such abstracts o( t~tie shall p~ss to the purchaser or ~rantee.
4. To the e:tent oI the ~ndebtedness of the Mort~a~or to the Mort~a~ee described here~n or secured hereby. •
the Mott~s~ee ~s hereby subro~ated to the lien or liens and to the n~hts of the oWners snd holders theteof of each
and every mon~a~e, l~en or other incumbrance on the land desenbed he~ein which ~s pa~d ~nd.'or satis[ied, ~n
whole or in part. out of the prc?ceeds of the loan described herein ot secured hereby, and the respective liens of
said mort~a~es. liens ot'otl~er incumbrance:. shsll be and the same and each of them hereby is preserved and shall
pacs to and he held by the Mort~a~ee hetetn as security fot the indebtedness to ~he ~lort~a`ee here~n descnbeA
or hereby secured, to the {ame extent that ~t would have been pteserved and would have been passed to and been
held by the Nortfa~ee had it been duly and re~ularly assi~ned, transfeRed. set over. and del~vered unto the Mort-
~a~te by sepa~ate deed of assi~nment, notwithstand~n~ the fact that the same may be satisf~ed and cancelled of
record, it bein~ the ~ntent~on of the parties hereto that the same w~ll ~e satislied and cancelled of record by the
holders thereof at or about the ume of the recordin~ of this mott~a~e.
S. In the event the ownership of the moet~a~ed premises, oc any part thereof, becomes vested ~n a person
other than the ~{ottfa~or, th• No~t~s~ee may, without notice to the Mott~a~or. deal with such successot or suc-
cessors in ~nterest with teference to this deed and the debt hereby secured, ~n the same manner ss w~th the +?1ort-
' , ~s~or w~thout in any way v~batinj ot dischar~~n~ the Mort~s~oc's I~aD~litr hereunder or upon the debt hereby
~ secured. No sale of the premises heteby mott~a~ed and no fotbeusnce on the part of the !Nort~a~ee, and ~o ea-
; tension of the t~me fo~ the payment of the debt hereby secured ~iven by the Moct~a~ee shall operate to release,
{ d~schar~e, modJy, chan~e or sffect the on~~nal I~ab~lity of the Nort~a~or here~n e~ther ~n whole or ~n part.
[ 6. The I~en uf this deed secures and sha{I cont~nue to secure payment of said ~ndebted~ess or ~ndebted-
~ ness, however ev~denced, whether.by said promis~ory note or any ~enewal or extens~on thereof or subst~tute there-
for. or otherw~se, unul all such indebtedness shall fiave beeo fully pa~d.
~ 7. In ihe evenr ~he ~nort~asors sell, convty or r?ansJer tht n~orr~o~ed prt~n~ses dur~n~ th~ IiJe oj ~k~s n~ort-
~aRe, then th~s ~nort~o~e sha/l, at the op~~on oj the Mortga~ee herein, becon~e unn~~d~otely due and poyable Jo? rhe
jut/ su,s ol th~ p.~ncipol ba/ance and inttrtst thtn dut.
8. The terms "Mott~a~ot ' and "Mott~a~te" whenevet used in thic ~nsttument shall ~nclude the heirs,
personal represenutiv~~, successots and ass~~ns ot the respect~ve part~es hereto_ Wherever used the s~n~ular
number shall ~nclude the plural and the plutal the s~n~ular, and the use of any ~ender shall ~~clude all ~enders.
Si~ne sealed i red ~n e presence of:
• 4 OIE 0 M Y tR. '~~U
aoee~ PoitR~s
' r,~rec ~ ~~~U{~ ~~JS~ _
~
Y STATE OF FLORIDA
: ~o~N~ oF ~c ~ 5S D:~ 1l IO 3I aN'71
~ . ST. LUCIE
Before me personally appeared JOSEPH HARTMAN SMITH, an unmarried man.
~ to me well known and known to me to be the individuals descnbed in an~ who eaecuteA the fore~o~n~ instrument.
~ and acknowled~ed before me that they esecuted the same for the purposes therem expressed. WITNESS my hand
and off~c~al seal ~n the County and State last afaessid this 14th. day . eember, 19~~ .
~
~ f
. June 30, 1979. our P bl~c State ot F~- ~ 8~ t. L8~ e
~lY Comm~ss~on Exp~res. N y .
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