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_ \iUS' f`ll.@ 1~9 r
~l~etp/~r. 1~ sse~R ~f /~ned«we ~f tbee w~rti~is rt ~tlwr 1ra~/M ~I IitM t~ I)~c ~tp~ ~e~c~tr i~ catis~i~Aa~swt d ~he iw~e?!~
~~+iw Naued b~re6r. dl civ?t. litle ~wd iatcreA ~1 the l1lKt~~t iw ~1 t~ M~ i~arw~et Ml~~ip t4w i~ i~e ~Adl ~w 1~ d1s
~a~w~ t~ ~uc.
t?1 Ts Mt/~. e~s~17 ~rith ud ~?ide ?y wci~ ad ewr7 ~M ~tiNlNiw~? ~/rwwNM~. cwditi~ awd c~~ew~~w i~ Mi~ ~~+wiwr~
nrtc ~ad iw 11~a ~i~ed ~et t~et?. -
(il Tlrt i~ Mr ~f MiJ auw d m~we~ ~e~cis edenaJ b M wd K~~/1 a~ tdlf ~air vkkiw dttks ir ~sat
~fta tirc wwe ~rcnlt~ bec«.w d~e awd Ml~bl~. ~c i1 ad~ aa tr~ ~~tirwlNi«~ ~prawewu. ~«~d~aw a~d ~rew~b ~f a~ia
Pna~iw~s ~ w1 lki~ dced, or ci~bcr. ste ~e~t ~dl ~ef~~. t~li~ wi1` awi a~i~W t?e w~ ~qrepk waNiMei i~
yid pha~iM~ wNe ~11 b~sane dre awJ pa:~~le ~i~rrii? ~t tl~ee'e~Mt N tw ~/tiw ~ t4 Mwt~tes a~ trllr awd r.py,lad~
il tl~e aui~~~ pa aua ~t ~aid j~«ai~y wote ~rar ~c+iprU~ ~tiqtN~i t~ ~c Nia N wel~ d~q. awK?irt i~ wJ KMi~~ NN
e~ htt~cia t~ t~e c~atraq a~twil6stradiu~t. -
1 j f Tfi~t is wrer ~ecelente t6e euatnrit~ ~f ti~c iwdcL~e~wer ien?~ ~atwrei, bccaWS st ti~e fail~re ~f ~ie Y `
tuc. arcw~est, liability. ~61i~i~a ~t cwewwb~ame wi~ ~p~ Nr W
thc ~a.rt .ssee .haU ti~w w~ ~iy. c: bcrejw pr..nic~ ic ~.11 w.l be wee..uh ~r .eOuiule d~at 1
Wf llw wwe.
2. TI~ Mort~ee may. at 6a optioa, and witl~odt waivu'~ Lis ri~ht to aooelente the iudebtednw l~etrbr
secured aad to forectore the san~e. pq eit6er belore or after deliaqueac~ aa or all of thae oettaiu obliaatioaa
nqn,~ br ~he tcr~ 6e~eof to be paid by ~e Moc~a or for ~he proc~ccion or mor~a~a~ ~c~rity or ior ~he oolle~
tioa af the indcbtedne~a hercbr iecured. All suaw w a~aooed or paid by the Mortaa~c shall be char~ed 'utw the ~
~nort6a6e account and hecome an iate~t~l patt t6et+eot, subject ia atl re~pects to the terau, condetiona, and covea~nb
of the a[orwid proinia.ory aote. and thia mnrt a. [nly aad to t6e s.a~e ~~~~,t u~hw~ah a part af ihe orisinal -
indebtcdneo e~idenccd by said note aad eccured~ t6ia moct6a~e. e.~eeptin6 huwe~~er, tha~ r,aid sums ahall be repaid
the Mort~a6ee forthwith upon itt den~and" aad be in additioa to tLe re6ular moathlr installmeata pw~idcd by ihe
~noriR.?qe nota • .
3. T6at tt~e abntract or abstracts o~ titk oorerin~ tbe rnortaased property aLsll at all times~ durina the 1'Je o~
thi~ tnortgaaG rtmain in pwseasioa o! the ;Hort6a~ce and in event oi the foreclowrc of thi~ mona~se or othcr tran~fer
of title to thc moct~a6ed property i~~ cxanauish~neac ot t6e indebeednea~ aecund hereb~. all riRht, titie aad interat
o[ t6e 111ori~a6or ia and to any wch abatracb of title sluU paa+ to the p~u~eha~er or srantee. '
4. 'I'o the exteat of t6e indebtedae~s o[ tl~e Mort~a~or to tl~ Mort6a~ee de~cril~cd hercin or aecured 6err.by,
the 1ltortga~e is hereby wbr~
ated to the liea or ~s and to the ri~hta of the ownen and • holders thereof of each
and every ~nort~e, licn or othcr incwnbraact on t6e land describe~l herein Mhich is paid and/or sati~6ed, iu whole .
or in part, out of the proceed~ of t6e iwe~ dactibed hee~in or secu~+ed hereby, aad the respective iiens of ~aid aiort- ~
ga~ lien~ or otfier incumbranoes, shaf! iu and t6e same sad eac1~ ot the~a benb} is ~~r~servcd snd s6aq pus to and
be held b~ the Mort~aaee 1~crcin a~ aecurity for t6e indebtednas to the lliort~a~ee hereia described or henby ~ecured.
to the same e:t~nt ihat it Noul~l 6~ve heea pre~ened and ~rould have heen to aad been held by ihe Mortga6ee
I~ad it been duly and re~ularlg aasiRned. traasterred, aet orc~. aud delive uuto t~e Morcaaaae by separ:te deed of
.x~i~nxnt, not~rithstaadin~ the fact th:t ihe ssme ~aay be aatisfied ~nd csaeelkd of reoord, it bcina the intentioa of the
j,artiea liercto that tbe same will be ratisfied aed caneelled oi reoord by the holden the~eof at or abw~t the time of
thc rrcordinR oi this mori~a6e.
~
S. In the event the o.vnership of the mo~a6ed premixs. or atay part thereo[. b~c~~mes vested ie a penon ot6et
than tlie biortRaaor. the '_1lort~aKec may. without aotice to d~e Mortaa~or. deal with such succe~sor or sutceawn in
intcreei M-ith r4ference to thie deed and the debt hercby ~ecnnd. in the same manner as ~rith the MortRa~or ~vithout
in an~ wsy ~-itiatin~ or dischar~i:jR the Mort~aRor'~ 6ability hereuader or upoa the debt hereby secured. No wle of
dic p~misex 1?ereb~ mort6a~rd and no forlxannce on the part of the !1TortRaRee~ and no e•ctcnsion of ihe time for the
payment o~ t6e debt 1~ereb~ secured given by the Mortsa~ee ~Sl! operate to relea~e. diycl~ar~ modify, chanRe or a6ect
the eri~inal liabilit~• o! the i1~nrtRa,~or hercin cither in ~rhole er ia part. ~
6. Tl~~ lien of thie decd seeores and aha11 contiaue to ~ecure payment of said iadebtedncs., or indebtedna~.
I~o~retier evidenced, wheth~r by aaid promiwory note or an~r reawal or extension thereof or subtitute theer.tor. os
otl~erwise, until ali euch indehtev~nrs.+ ehall h~ve been full~ paid.
7. In tbe r:~ent Ilic nr~~rl;n~~rs s~l1, ~nr~:~cy nr transjer 16t. morlgagtd premiscs durinG lhr li/e nf N~is morl~n~~, ~
~/et~: this mnrt~a~t slioll. nt I/re .,(,linn oj thF Atort~aRe~ h~rtin, li~com~ imm~dia~rly d:~e ~rnd paynblt for the ~u/l sur?i oj '
tl~~ pri?rcipal l~nlatt~~ nnd i~tltre.s! [Itt~t dut.
_ 8. The terme °Mortga~or ' and "Mort6asee" wheaevet uied in thii instrument al~all include the hein. pecsonal
rrpresentatives. sureeason and aeaipw of the respeMive partid 6ereto. ~herever used ihe sin~ular ausnher shall include
the plural aad the plural the einRvlar. and the use of aay ~nder ihall iaclude all ~endera.
SiRned, scale.i and delivered in the preeenct of: ($~L~
~-'~e. ~ - _ /'//~7!~~- (S~.)
~
STATE O~ ~LORIUA -
t:OUNTY OF ~
St. ie
Before~ rsonally appe~r~d Jefferson Monroe and Queen Monroe, his 1~rifEt
to nie well known and known to me to be tbe individaab dacribed in and ~rho executal t6e fore6oia6 i~uirument~ and
ackaowledRed before mc t6at they e:ecuted tbe ~ame for the p~rpaes tberein expres~ed. ~ITNESS mr hand and
o6cial ~eai ia the Counq and State tast aforaaid t6is 9 ~y' O~ NOY ~ 196~ _ ;
f
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NARL R. ~~IERY '
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NOTARY PUBUC, STtiTE o! ~LORi~?;~ at LARGE ~ •
. J ~
~~MtSS(ON fXPiRES Ji1NE 30. 19ti
M~ Co~ ' ~1I~ ~MQC'~' ~l~iotarp Pnblie, State d' ~ - _
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