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~ Mortsapr. Ia eve~t (erosle~urc ut t6u mertpse o~ uthe~ eraa~fer et tide t~ tbe m~rtp~ pc~party ia extin~isl~nunt uf t6e indeb~-
, edna~ seeured 6erebr~ d! ri~t~ tetlt and iuten~t s( t6e Mort~or iir ssd to u~ i~runwc~e pelicie~ tlrcs ie force ~}ull pa~s to tbe
~ pu~^e6wr •r QwMSe.
~ (6) T~ ~ai~sr?, e~wp~r witL asd ~bide b~ eae6 ud eve~~ tbe Mipal~tiset~ asreen~eee~ c~edition~ and covenaeb is erid promi~orp
note aed ir tl~b dsed wt (~tth.
(i) T6~t if ~w~ ~f rid ~rrw d msaer 6ereln re(erred tM be n~t prwnptl~r a~d full~ p~i~ withi~ tStteea dar ~est
aftcr tbe srcac ~erarall bee~me~ dne rnd ~ the ui
~ 7 p~raW~, ~r i( Qaeh aed everr polati~aR, •sreemea~s, conditior aod teveu~n4 0( ~aid
p~omiwrr ~ete ~d t~ desd, x eitber, u~ e~t tall pee~wmed, cwupiied aitb and abtdod by~ tbe a~id a~srepte ~um mentioaed in
s+id ProauiNOer wwe ~U bec~ dMe ssd p~yable ~ort6~ritl~ K t4erea(ter at tbe optioa of e6e yo~sR.=ee aa inllr aad r~mp~etelr ar
! it the s~i ~~p~epte wa ~t s~id proiaiMOrr wte wr e~ipaallr atipal~ted t~ be p~d ow ~oeh day, anrt6ia6 ie wid preoi~s~n Nte
t or hereia ts ebe c~wtrvr wehrilLn~edins.
~ (,j )'I`hat in order t~ aecelente t?e matarity ~i t6c iedebted~eN 6ereb~ ~ecured, because uf the (ailure ot tbe M~rt6a6K te W7 ~7
trx, ;s~cbunc~t, liability', ~lipti+~ ~rr enc~unbran~~e upar s~id *rsptrtr. a bereia providcd, it sha~l oot be necewarr or requuitc thrt
. thc uwrt~aEee ~iull 6nt p~~ tAe wne.
~ Tl~e Mortaaaee maY, at 6is optioir, and witbo~ waivia~ lus riaht ta accelerAte the indebteds~ hereby
atcured and to forwclat tlre ~ame, pay either bcion ar afuer delinqueney ~nY or a!t oF thcise ccrtain abii~adaun
~ required by t6t terms he~eof to bt paid by the Mort~a or for t5e protection of the mortgage securitr oe ior t6e oollec-
tion of the indebtednes~ ~erebr eecured. All sumr so a~vanetd or ~ud by t6e Mortgagec ehall be charged into the
~ mortgagc account and bes,wme an integral patt tbercof, aubjcet ia a~ll resperctf to t6e ternu, conditions, ~nd covenanta
~ o! the aforesaid promissory notc, and this mortaaar., ar fally and to the samc artcnt aa though a part of thc ori~n~l
i~tdebfednc~e e~•idenced Ly asid notc and aecnred by thie mortgage, exoeptin~ huwever, that said sume shall be rcpaid
the Mort~agee forthwith upon its demand and be an additioa to the n,gulxr monthly installmenta provided by the
ut~rtgagc note.
3. That tlae ab++tract or abatracb o~ title ooverin~ t6e moriga~ed property' sliall at alt time~ durin6 the liEe of
~ thie inortgage, remain in poaeea~ioa ot the Mortaaaee and itt eveat o~ ttie forecloeure of thie mortgsae oc othtr triunefer
f of ticle to ti~e mortgag~rd proptrtJ+ in extinguishment aE ttic indcbtedne~s e~ecuc~ed htreby, all ri~ght, title and intercet
r of the Atortga~or in and to any s~.ch abtracb of title ehall paes to the p~~rchaeer nr gra~ntee.
4. T'o the extent of the indebteduees of tl~t Mortgagor to the Morigaaee described herein or aecured lkreby,
the ~liortgaget is hereby wbrogated ta the lien or liena and to the righta of the o~.ners and holdera thereof of each .
and every mort~age, litn or oihtr incumbraace on the land described he:ein wiuch ie paid and/or satiefied, in whole
~ or in part, out of the praceeds of t6e loan deseribed herein or gecured henby, aud t}ie rea~rective ~~ene oE said mort-
; gagee, iiens or other incumbranoe~, shall be and tbe aame and eac}? o! them hereb~~ ie ~~reaerved and ehsll pass to and
; be held by tlte Mort{~aaee herein oxs eecurity for the indebtednew+ to the Diortgag~c hereia described or hereby secured,
to ette samt extent tbat it Naild heve been prt~erved and would ha~•e been paseed to and been held by the Mort6agee
~ had it betn duly and re~ularly assi~ed, traneferred, eet over, aud delivered m~to tl~e Atort~,a~ee b}~ se:parate deetl of
a.~igiunent, nat~ithstandin~ the fact that tht aame may be aatiefied and cancelted nf recor~i, it being the rntention of' the
i i,arties liereto that the same will be ~?atis6ed snd cancelled of recorci b}' the holde~e thereof at or about the time o[
~ the rrr~rdin~ oF thia mnrtaa6e•
~ 5. In the event the ownerehip oi the mortgaged prem'?.+ea, or ant' p~rt tlzereof, becomea veated in a vereon other
than tlie Mortgs~gor, ihe '_1lortaagee may, withont notice to du Mort~sgor, deal with euch quccesaor or succeaeors in
iutereRt k•ith reference to thie deed and the debt hereby aecured, in tl~c same mauner aK w•ith the '~'iortgagor without
~ in az~}- way ~~tiatina or dliecharging the Mcrrtga~or a liabitity- hereunder nr up~n the debt h,~reby aecured. No sale of
I the prCmieex hereb}~ mort a~rd and no forbearance on the part of the '~tort~a~c~e, and ao ext~naion nf the time for the
` payn~ent oC the dtbt here~~- aecnred ~iven by the 14lortgagee ehali operate to release, discLarRe, tno+lify, chan~e or affect
~ the ori~inal liabilit~• of the i1~IortgaXar herein eithzr in w~ole or in paR.
6. The lien of thie deed eecures and ahall continue to etcure pa~•ment of eaid indebtedneee or indebtedntea,
~ l~ower•er evidenced, whether by said promiseory note or any rentwal or exteneion thereof or Pubetitate therr.for, or
oti~crwiae, until all euch in~ebtedne~s ehall havt been [ulh- aid.
7. Irt tite evertt the rnort~a~ors sell, C017i~~i-~t~s~~~o~~~~~t~~~di~ti~g f•~ep~/•~ofytliis r;lurt.;n,~e~,
the?t tliis mnT-t~n~e shall, nt tJee op~ion of the AI e f ~
~ lhe ~irinci~al bnlnn~e iirtd intei-est then due. t~~~~~~~~~~~~~~~ fo.r._;I;e ull sum v
;~~308.17 to ~th r yvi}h accrya inte esf,
8. The terme "lVlortgagor" and "Mort6aEee°'~ whenev~k use~ in t~i~s inafrument pfi m u~e the eirs, personat
mpresentati~~es, suceeseors aud aeeiµse cef the r~eyjiy~r~ 1l1~[~1'~~~bi10~lui~i~lpBR ~ttt~~ shall include
the pl~arai and the plural the eingular, a~d the g`
e~ n~~~~e~~~~~~ir~~ ~~~t9a9e~
.
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~i~ned, ee~led s ' red ' the pee~ence of: ~ . .-4 _..~-~~~~4~-'~_ (S~L)
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STAT~ OF dARiDA
COUNTY OF
S . Lu e
Before prraonally appeared ~alter S. ~elser and Erva L. .Yelser, his wife~
to me well known and known to ~u to be the individuale deecribed in and who executc~ the foregoing inelrument, and
~ acknowledged before me that they extcuttd the eame for the purposee t~erein expreeeed. WITNES~ my hancl and
' o~icial ~ea! in tl.a County And State h~t aforessid thi~ ~ 7th~ 196~j.
:~:~,;1;
No±ary Pub~ic, St~1te oi Flori~a at Lar~e r.-,.
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f~ y Comm:ssion Expires Jun~ :30, 1907 . . ~
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M~• Comn~i~vion Expiree: : t~j Atotary Publi 5txie of
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