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this aortas{e a other uaeufer or title to the aatataed property is eatinauishment of the indebtedness secwed hereby, all right, title
and interest of the Mortaaaa in end to any inswance policies then in force shell pass to the port-tser or pontes.
(A) To perform, comply Frith sad abide by each and every the stipulations, specaents, conditions sad covenants in said promissory
note end in this deed set forth.
(i) Thst it any or said aura of money herein retorted to be not promptly and fully paid wrthtn fifteen days next after
the acme severally becomes due tad ptyable,or if each sad every the atipulstioas, tarceaents, conditions sad eovtaaats of said ptaars•
sort' note end Chit deed, oe either, era not fully performed. eaaplied erith and abided by, the said sureaate ewe menttaied in said
promissory note shall beeoate due and payable fathirith a therettter st the option of the Mortasaee es fully and coapletelY as it the
said sasrepte sum of trig proatitsory note ivas oriatnslly atipultted to be paid ai such day, taythiaa is said praaissory note or herein
to the contruY eoriithstaedina.
l11 That in order to accelerate the maturity of the indebtedness hereby seewed, because of the failure of the Mortsaaor to pay any tea,
assessment, liability, obliattion a encumbrance upon said property, as herein provided. it shall not be necessary a reQuisite that the
mortaat;ee shell first pay the name.
2. The Mortgagee may, at his option, and without waiving his right to accelerate the indebtedness hereby
secured and to foreclose the same, pay either before or after delinquency any or all of those certain obligations
required by the terms hereof to be paid by the Mortgagor for the protection of the mortgage security or for the col-
lection of the indebtedness hereby secured. All sums so advanced or paid by the Mortgagee shall be charged into
the mortgage account and become an integral part thereof, subject in all respects to the terms, conditions, and
covenants of the aforesaid promissory note, and this mortgage, as [ally and to the same extent as though a part
of the original indebtedness evidenced by said note and secured by this mortgage, excepting however, that said
sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the regular monthly install-
ments provided by the mortgage note. --
3. That the abstract or abstracts of title covering the mortgaged property shall at all times, during the life
of this mortgage, remain in possession of the Mortgagee and in event of the foreclosure of this mortgage or other
transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all right, title
and interest of the Mortgagor in and to any such abstracts of title shall pass to the purchaser or grantee.
~. To the extent of the indebtedness o[ the Mortgagor to the Mortgagee described herein or accrued hereby,
the Mortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each
and every mortgage, lien or other inctunbrance on the land described herein which is paid and!or satisfied, in
whole or in part, out of the proceeds of the loan described herein of secured hereby, and the respective liens o[
said mortgages, liens or other inctunbrances, shall be and the same and each of them hereby is preserved sad shall
pass to and be held by the Mortgagee herein as security for the indebtedness to the Mortgagee herein described
or hereby secured, to the same extent that it would have been preserved and would have been passed to and been
held by the Mortgagee had it been duly and regularly assigned, transferred, set over, and delivered unto the Mort-
gagee by separate deed of assignment, notwithstanding the tact that the same may be satisfied and cancelled of
record, it being the intention o[ the parties hereto that the same will be satisfied and cancelled of record by the
holders thereof at or about the time of the recording o[ this mortgage.
5. In the event the ownership of the mortgaged premises, of any part thereof, becomes vested in a person
other than the M~-rtgagor, the Mortgagee may, without notice to the Mortgagor, deal with such successor or suc-
cessors in interest with reference to this deed and the debt hereby secured. in the same manner as with the Mort-
gagor without in any way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby
secured. No sale of the premises hereby mortgaged and no forbearance on the part of the Aortgagee, and no ex-
tension of the time foe the payment of the debt hereby secured given by the Mortgagee shall operate to release,
discharge, modify. change or affect the original liability of the Mortgagor herein either in whole or in part.
b. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebted-
ness, however evidenced, whether by said promissory note or any renewal or extension thereof or substitute there-
for, or otherwise, tmtil all such indebtedness shall have been fully paid.
7. In the event the mortgagors sell, convey or transjer the mortgaged premises during the lije of this molt-
Qage. then. this mortgage shall, of the option of the Alongagee herein, become immediately due aced payable jor the
Jull sum of the principal balance and interest then due.
8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs,
personal representatives, successors and assigns of the respective parties hereto. Wherever used the singular
number shall include the plural and the plural the singular, and the use of any gender shall include all genders.
sealed and delivered in presence of: ~~ ~ ~.~~_~~~/~ ~~ (Seal)
(Seal)
STATE OF FLORIDA ( ~ `J
COUNTY~OF~IO~ (1 ss
~)~efire~ personally appeared ~~ ~+Y ~d $~ ~ ~"i'Ya ~ ~fe
to me well known and known to me to be the individuals described in and who executed the foregoing instrument,
and acknowledged before me that they executed the same for the purposes therein expresss~. WITNESS my hand
and official seal in the County and State~~ast aforesaid this ~~ ~Y ~ Augu~t~
FILED AND RENOY~FLA.
ST. ~UCIE COUa F1~
~L (~ .
~1y Commission Ex tree: Notary Public, State of G
'69 AUG 3
1~
~.S
1?OGE.:R i,01TR:.S
CLARK CIRCUIT COURT
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