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Our file FS-16,039
M•n~•R.r. le e.ew~ ~I f~n~lN~re o! tAi~ u~~~tR~p ~tl~t~ I~~nde~ d title ~h~ w~~e~~~~?A pr~peit~ ~~t~wR~i~An~~n~ ..1 ~M ~wA.l~l-
ed~e~a wtiueed Atreby~ •1) •i~l?1. ti~l~ ~wd ~u~e~~M d IM Msrl~x+~ ~w ~~d 1~ •wr IMYf~M't P+I~~~N IAr~ ~w ~~r~• •A~1) y~u ~w l!~
~~rtha~sr R~~nt~t
(\1 T~~ ~e~~tn+~ ~empl~ vitG ~~d •?i~tt e~~A •nd ~r~ry tAr dipala~is~w, aR~~uw~~N. ~~wdui~n~ •nd ~ev~eaM~ ~A N~d or~n~u+~~
nN~ ~nd ~w tAi~ de~d wt f~nA.
lil T1u~ if ~q d~aid ~uiw el meee~ 6~~~~n r~(e~r~d to I,e ~Y prcc:~:Sy •ed f~lly p.i~ Att«~n d•r• w~at
dter 1ht w~ne ~ever~ll~ beremy due ~nd py~bte. if e~cn ~nd ev~n ptie ~1~'?YI~I~N,~, •x~eemenu, ~~nedit~urw •aA ~+v~~~~~t~ ~t ~a~d
y~~~ni~re' ~ote ~od l0i• deed. ~t ~itAe~. ~e~e n~t ~~Ilf pe~fo~eed. caaplied v~~h •nd ~bided Ar. t6e ~aid •~Rre~ts~~ •um ~n~n~ion~J ~w
~iJ p~~n~iYOry w~te ~11 beeane ~tat .ed p.r•ble t~rthvrit~ w ~herr~(~~t rl tAe op~ien 1ht \1orIR~~~t w fullr •nA .~w~npi~~~iy ~
~I tl~e ~aid ~~;r,rp~e •uu~ d ra~d ~roini~a~ wN~ ArM KiR~eallr ~~ipul~Id 1.? wiA ew •u~h dq. ~wy~hiwR u sud p~~w~M~n
sr herein t~e centh~~ nN..~~lu~andinR-
1 j 1 T1ut ie erd~~ see~lente the uuturiy d th~ ina~~6tedeea h~~es~ ~ecured. I.ec~uu u( Ihe f~ilure ef ~he M~n~Rer ~e p~~
t~:. ~wc~unent. li~bilitr. ~b1iR~~i~a e~~u„~b..o~-e ~N.w ..;a ~.oaenr. w heniw yr~ride~ i~ ~hdl ~~~t be n~~ewry N r.auu~~e ~h~t
1hr mert~caR~. ~h~ll 6nt p~r th~ ~ame.
2. Tl~e ~iorts~6ee mar~ at hi~ option~ and withoat wriving I~i~ right to accelerate the iodcbtedoes~ her~br
~ecured and to forcclwe the ~~me. p~y eithw~ b: fore or ~fter deliagucne~ ~oy or all ~~f thoee ce~t~ia obli~atior.s
e+equined hr the ternn~ hee+eor to bt paid by the Martbanor fu~ the protpction of the mort~age .ecurity or for the coUee•
tion ot the indcbtedncw hee~eby ~eeured. All aum~ w adve~~ed or paid by the \lortgabee ~i,a:l be charged into the
mort6~ge account and become an i~te~ral part theeeo[. ~ubject in rll re~pecu to the ternu, coodition~. and covenant~
o( the •foer,~aid promi~otp not~. and thi~ tno~rtaa a~ u fai:y aad to the same eYtcnt a~ thou6h a pott o~ the orixioal
ie~debtedne~ evidenced by ~iid note and ~ccured ~r tw. ~,on~.s~, exeepting huwever. th~t xaid ~um• ~hall be repaid
thc MortRaRee foi~hwith upoo its dem~nd aad be in addition to the rr.Rular e~onthlr installment~ provideJ hy the
~nortR~ge note. .
3. That tl~e ab~tract or abatracb of title coverinR the mort~~~cd propert~ ~I~aN at all time~ durinR thc life of
thi~ ~nort~a6e. re~naio io po~ea~ioa of ihe Morl~aace aad in er~at of the fnreela+un of this :~ortRaae or other trsnJcr
of titlc to thc n~ortRa~Hl prope~ty in ~~tin~ui~hment of tl~e ind~btedoe.++ reeured herrby. all right, titte and intere~t
ol the DiortRaRor in s~d to any s~ch ab~t~~cta of title ~hal1 pae~ to the p~~~cha~er or 6rante~.
~ 4. 7 o the e<tcot of t6e indebtedaee~ o[ the Mort~a„or to the MortRage~ d~~cril?cd herein or aecured hereby.
thc :11artg~6re i~ henb~ wbwKated to tl~e iien or lietu aa~! to the riRhts of tl~e oanen aod holdera thereof o! eaeh
and tvecy mortg~Re. liea or other incumbtanee oa the laad deacribrd hercin ~.hich ia paid sn~!/or sati~6td, in whole
or in par~, out of the proceeds of the loan de~cribed herein or ~ecured h~rebr. and tl~e reepectiv~ lien~ of said mort-
R~Ra• iieoa or o1he~ incumbrance~. shall he~ and the aame :nd eac{~ of th~~n 6~reb~ i~ ~~~erved and shali paw to and
I~r. held b~ ih~ ~toetRagere i~enin a~ ~ecuritr !or the inde~trdn~~u. to th~ 111ortRa~ee herrin d~.rribed er h~r~by ~cur~d.
to t1~e sam~ ext~at that it ~.oul~l hart heen pr~served snd would have heen pawed to and bce~ hcld by the ~tort~a;,ce
I~ad it txen duly and reRul~rly awi~~ed~ traa~ferred, ~et over. and deli~erecl uuto ti~e NlortgaRee by ~e~~arate deed of
aMi~punent, notuith~ta~dinR the faet that the same may be ~ati~6ed and cancelled of ncord. i~ beinF the inteation of the
~~artie~ I~ercto ihat the aame ~vi11 be satia6ed aod canoelled of rec~rr] by the holden thereof at or about the time of
tti~ rrcordin~ nf thi~ mortg~ae. _ ~ ~
S. In thc event ihe ownership of the mortgaRed premi+r~, o~ an~ part tl~ereof~ becomca ve~ted in a p~noa other
~han tlee ~1ortRa;,or, the ~lortgaKre may. without noiice to d~e ~:ort~a~or. d~al witl~ such succe~sor or suceesiwn in
intere+~t ~.ith rrfere~ee to thi~ deed and the debt heer.by or.eured. in ~t~~ ,ame manner as ~vi~h th~ 11nrtRa~or ~.riehaut
~ in auv war ~itiatin~ or diachar~ing fh~ :ltortRaRor
~ liabijity he~+rund~r or up~n the deM h~~br wcured. ~io •ale af
tl~~ ~.rr.miaac 1et+rb~ mort6s~rd and no forbearance oa the part of the STort~a~ee. and no ert~n~ion of the time for the
r~rn~~~.t ~f th~ debe h~nb~• serur+ed ~iven by the ~.1ortRa~cr. ~hall opecatc to rcl~a~e~ di~cl~a~Re, modify. c6~oRe or afieet
tlx ori~inal liability af the HortR~Ro~ h~rein eithe~ in ~vhde or in part. -
TI~. lien of this de~ed reru~M and ~6at1 eontiaue to ~ecur+e pAVmeat of said indel~tedne~~ or ind~bt~dncs~
(~ew~ver evid~nce~d, whethrr by ~aid prorr~i~sorr note or aay reaewsl or e=tension thereof or ~ubuiwte thSnfor~ or
otl~rrwise, until all ~uc6 inJebtednMS whdl 1?ave ~bi~ ts1~ ba;~le,on mortgage and the flrt0~
7. In I/rr rrrnl lhr mnrf.~ ~nrs ~ ll. rnnr~ ~~~qn~~rt~y~ ~SI~~t~¢ ~~~3~~r~ f(~,~j~c~q/ ~l~is ni~~~
th~n this mnrt~n~t .~hRll. nt tl~~ tt~n o fhe A~ort a ~ hn~iin, (~tnm~ imm~ ialtl rrt nn ~y~ !f /or f7r~ u/! suni u~
fht rin~e nl /?afnnrr nnd inltrest lhtn dttc. .
p p ......~5.9$....?.? , toc3ef~tef wlt~l QCCr i.':tn~gst, ~
8. Th~ ttrm~ "Mortqa~or" and "Martga~lq~~~rhp~et~usdr~tt~isa~sli~tA1~L~~~/If~h~~~~ perwnal
rr~~revnt,.ti.•e~, aurceMOn and a~si~u ef t6e rcRpective arti . her
~o.~!
6~~r+ere: d th ~ia lar ~umber ih~ll include•
the plural and the plural the sia~utsr~ ind ihe u~.~~ ~~sN~~ i1MQ~? ~j~e~0~ Qys.
' L-- ~
SiRne .~cale.l d d 'v i he pr+e~ence o(: (Sd?L)
(StwL)
r
STA OF FiAZ1UA
t;OU.'~1TY O$~ ss
~e~o~ meII~n~'ooallv appeared $Dj"l~ COBBS aad EUNICS COBBS ~ h18 l~lif e
to n~e ~relf Icnowa •nd icnown to me to be the iadiridual~ deaeribed in and who eseeuted the fore~oioa inatrume~~ and
sckaowledRed before ~ne that ther e:ecuted the aame for the pu wes tl~trein e:prewed. WIT;~iE~C tn~ h~nd 'sad
o~ei~t ~eal ia the Counq and State la~t aforeaaid ihi~ 1~ Day of Feb ~ 19f~$ y~
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Mv Commi~~ioo B:pir'~: cT11II@ 30 ~ 19 1 ' ' -
~ Notarr Publi~ 5tate o~
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FILEO AND RECORDEO' ~ - '
ST, LUCI~ CJU~:TY, FLA. . . ~
„~-;~.~,~t! _ . .
16~~'70
'68 FEB I y P~1 Z: I ~
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: ~1c ; .?:.S
CL~kK CtRCUIT COURT B~K1rr~ PAGE~.4y9
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