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Mori6asor. In erent ot loreelaure of tbu ~nurtsase or other ttrndo~ o[ titte to the aieNS~sad preQertr in eYtinsui~hment of t6e iedebt• ~
edaess aeeured hertby, el! rt~ht~ telle and intrrcet ot the ~iort~a~or in aad to ~ny iwur~n~, poltcica thcn in forct :hail pae~ to tbe ~
purclu+ser or `rnntae.
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l51 To pe~orm, co~nplr witL ind ablde b~ e~cw and every tha ~tipul~tion~~ asroc~rneau, eaaditione ~ad coven~nb io uid promitaety t
note and ia thti deed sct forth. ~
Tlut it aay oE ~d auma oi mona~ 6ereln eeterrrd to be nd promptl and tullr pald wlt6in fltteen dsy~ atit
eftec t6e same ~evorelly beco~aa due xnd payable. or il each and every ~ atipulrttons, sdrtcaient~, rondltio~ aad eovenants at ald
pcomisaesr note aod thfi deed, or either, are not iully prer[onned, coruplied with and eblded by, tbe aid aaareaate aum mentiomd I9
aaid promitsosy noie ehall become due and psyablc ioct6with oc ~hereafter at tht op~ioa oi the ~ior16r6ce u iully and complettly u
if the ~ald ~6Lrepte •wn of aaid promiasory note w~~ orisinally •tipulated to bc paid on •vch d~~~ anyt~fwa ia said p~oml~sorr aete ?
or heceia ta tbe eontnry notwithetsndin6.
(j) That +n order to aceelerate tl}e miturity of th~ indebtedaes~ herebr iecurcd, beea~eee of the failure ot tbe Mort6a~or to par wy ?
t~ex, aase~~~nent, tiabtlitr, oblt~atioe~ or encumbr~nre upoa •rid propetiy. ao herein provided, it ~hall ~ot be aeeaaaryr oc ~tqui~ite that '
thc i~iortga~~e ~1uli fint pay the same. ~ 4
2. '.fLc ~liorigag~ inay, st hia optiawi aad without waiving lue right to accelerate th~ indebtedne~s lxer~r~y 7
eecured and to forecl~ ihe aame, pay eiiher before or after delinqueac~• any or all of ihose certnia obligatione
required by the termB heraof to bc paid by the biorigagor for the pr~tection of the mortgage aecurity or [or the collec- ~
tion of the indebtedneaLe ~h~ereby aecured. All aunie ao advanced or paid by tht Mortgagee ahall be ch~rged into the ;
morigage account ilI-1~ UCf:l7lLiG integral part there4[, ~ubject iQ ~l! re~~ect~ to the term~, conditions, and covenanU ;
ot the aforeeaid promiaeory note, and thia mortga ge, s~e fully and to the eame e.~ctent aa though a part of the original i
indebtedr~eee e~•idenced by aaid note and aecured by thie mortgage, excepting however, tliat said eume ahall be repaid
the Mortgagee forth~+•ith upon ite deii~aBd and be in adciition to ttie regular mottthly installments provided by Sht i
~nortga+ge note.
3. That ilie abstract or ab~tracte c~t tit.~ covering the mortgagecl property sPiall at a1! timea, during the life ot ~
thia ~nortgage, re~nain in poeaeeaiou of the h~ortgages and iu event of the toreclosure of thie niartgege or other tranefer
of title to thc niortgaged property iii extinguiehment of ttie indebtedness aecured hereby, all right, title ~nd intereet E
~f ti,P 11'[ort~a¢or in and to an_y auch abetracts of title ehpll pae9 to the p~irchaeer or grantee. i
4. 'To the ertent of the indebtedneee of the Mortgsgor to the Morigagee deecribed herein or ~ecured 6ereby, ~
the 11'Iortgagc~ ie hereby eubrogated to tlie lian or Iiena and to the eighte of tite o«-nera aud holdere thertof esf each ~
and every murigage, lien or other iucumbranct ou the laud described lierein ~-hich is paid and/or aatiefie~i, iA wLole ~
or in parc, out of the proce~eda of ihe loan deacribed herein or secured hereby, aud tlie respective liens of said mort- i
agea, litne or other incumbranc~a, ehall be and the aame stnd eacli of tlie~n hereb~- ie 1?reserved and ehail paee to and ~
~ie held by the Mortgag~e hereia ae security For the indebtedneaA to the 1ltortgagee herein described or hereby eecueed,
to ti~e sa~ne extent that it N outd have l~en preeerti•ed and would have heen paeeed to and been held by !he Mortgagee ~
had it heen duly and regularly aesi~ied, tranaferred, aet over, aud deli~ened uuto ilie Mortgagee by separate d~ed of ;
a~.ai~isnent, notwithetanding the fact that the eame may be eatiefied and eancelled of record, it being the intention of the ~
partiea liereto that the eame will be aatiafied and cancelled of record bj the holdera thereof at or a6out t~e time af 1
the rrcording of thia mortgage. I
S. In the event the ownerahip of ihe mortgaged premi~+eea, or any part ti~ereoC, becomes vested in a peraon othe:r y
than tbe ~1lortgagor, the '_liortga~ee may, without notice to ihe tFiortgagor, deal witli euch aucceaaor or sncce,aeora in !
ititereAt with referes?ce to ihia deed and ihe debi hereby eecured, in the 9ame manner as Hith the ;~iortgagor witi~out ~
in any waY ~itiating or diacharging t6e Aiortgagor's liability hereunder or upon the debt hereby e~ece~red. No saie of ~
tlie t?remi~x hereb • niortgaged and no forbearance on the part af the '~tort~agee, and no exteneion of tiie time for the p
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, paynient of the de t hereb~- aecured given by the Mortgagee ahall operatc to release, discharge, modify, change or affect ;
. tt~e original liability of the Mortga~or herein either iu whole or in part. ;
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6. T}~e lien of thie deed aecurea and ehall continue ta eecure payn~e~it of said indebtednea9 or indebtedneee, ~
liowe~-er evidenced, whether by eaid promieaory note or any renewal or exteneion thereof or eubetitute therefor, or `
otl~erwise, until al! euch indehtedness eh~il huve b~en Eull}• paid. ~
7• In tlre event Ule mortgn~ors sell, cnnvey or trans/e~~ the »toriga~ed f~remises dttring tlie li/e of this ntor(gnge, ;
then this mortga~e shnll, nt the oplion of t1:e 111ortgagee herei?r, bernme in~medin~el}~ duc nnd ~inynble for the full sc~m of ;
tlie priitci~nl bnlnnce n~?d interest lhe~: due. ~
8. The ternie "?~lortgagor" and "Mortgaaee" whenever uaed in thie inatrument al~all inciude the heirs, personal ;
repreRentatives, ~ucoe~eors and a~ai~na of the reapective partie~ hereto. V4lhe~~eve: uaed ttie Ringi~lar number aha1I include
the plural and the plural thc eingutar, and the use oi an)• gen~ier shall include all genders.
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Signed, eealed and deliwered in the preaence of: -Z.-~_ , 7~~ ,
~ . . ~ j _ . t- ' .-~.:~:-`.+L (S~+i.) ~
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STATE OF FL4RIU ~
~OUNTY OF
ST. LUC ~
efore uk peraonatty appexred IPY W. DORCHESTER~ an unmarritd t~toman~ ~
t me wetl known and known to ma to be the individuale deacribtd in and who ezecated the foregoiag inatrument, and
i ackaawledgtd before me that they ~xecuted ihe sa~ne for the purpoaea thereiu ex reeaed. WITNESS my hand and
o8rcis~i seat in the County znd Staie laet aforeaaid thie 'j$h d~}r of emb r~ 1965, '
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~ NkRL R. AVEf:Y / .~,:~~~:~ln,,: ' . ~
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t;OT~RY PUBL,;;. SiATE cf FLGRIU;, LARG~ . ---V.... • `3~...."7~~'y~..
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„Y GO'•~1'~~ISSiON ExFIfiES IUi~E 30. lnul ~~!~r......~. ~
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~ Mv Commieaion Expiree:_ R~~p..- Notary Pu lic, State of ' d ~/7C>
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