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this m«tgage « other uaaarar of title to the m«tgaged property is estingutshmeat of the indebtedness sec«ed hereby, all right, title
and interest or the l~lortgagor is and to any insurance policies tAea in rose shall pass to the purchaser a gtsatee.
(b) To pert«m. comply frith sad a-ida by each and every the stipulations, agreements, conditions sad covenants in said promissory
note and in this deed sat r«th.
(i) That it any or said sums or money herein referred to be not promptly and ru11Y Paid within rirteen days neat after
tAe lama severally baeoatsa due sad payable.« it each sad every the stipulations. agreements, conditions and covenants or said promise
s«y note end this deed, a either, are not fully pert«med, e«aplied vridi and abided by, the said aggregate sum mentioned in said
promise«y note shall became due and payable rorthritb a tberearter at the option or the M«tgagee as fully and completely as it the
said eggtegats sum or said promissory aota tras originally stipulated to be paid on sucA day, aayUiiag is said promise«y note « herein
to the contruy aotvithstaadittg.
(~ 1 Thst in «der to acceluete the maturity or the indebtedness hereby secured, because or the failure or the M«tgag« to pay any tag.
assessment, liability, obligation « encumbrance upae said property, as hercin provided, it shall not be necessary of requisite that the
m«tgagee shall rust pay the same. '
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 fully 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 of 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 o[ title shall pass to the purchaser or grantee.
~. To the extent of the indebtedness of the Mortgagor to the Mortgagee described herein or accrued hereby,
the \lortgagee 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 of in part, out of the proceeds of the loan described herein or secured hereby, and the respective liens of
said mortgages, liens or other incttmbrances, 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 fact that the same may be satisfied and cancelled of
record, it being the intention of 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 of this mortgage.
S. In the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person
other than the Mortgagor, 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 put of the Mortgagee, and no ex-
tension of the time for the payment of the debt hereby accrued 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.
6. 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, until 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 mort-
gage, then. this mortgage shall, at the option of the Aortgagee herein. become immediately due and payable jot the
Jull sum of the principal balance and interest then due.
8. The terms "Mortgagor ' and "Mortgagee" whenever used in this instruunent 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 deli Bred in esence of: ~~ (Seal)
~,~ p~ (Seal)
STATE OF FLORIDA
COUNTY OF f~ ~ ss `
3t. Lucia J~
Before me personally appeared ?CARL NA~Rl'g SII ~ uO~s ~6 the YidtnT Or AA>)~T
to Inc well known and known to me to be the individuals described in end who executed the foregoing instrument,
and acknowledged before me that they executed the same [or the purposes therein ex sed. WITNESS my hand
and official seal in the County and State last aforesaid this 9~ ~ ~ ~~~
FILED ANa RECOY~F A.
sT, w~~ n ° ~ Rti~-EO a
.L1y Commission Expires:
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'6g ~L~r, 2 8~
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Ft0`~rp :+OIT cCURT
CL~ RK CIRCUIT
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Notary Public, State of
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