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this sort{age a other transfer of title to the sortgaged property in estinguishseat of the indebtedness secured hereby, •11 right, title
and interest of the 1lortgagar in and to any insurance policies rhea in force shall pass to the purchaser or grantee.
(h) To per(ors, easply Wilk sad abide by each sad every file stipulations. agteesenta. conditions and covenants in said promissory
note and is this deed sat tomb.
li) That it any of said suss of money herein referred to be not prosptlY sad fully paid Within fifteen days nest after
the ease severally becotass due aM payable, or it each and every the stipulations, agreesents. conditions end eoveaanu of said praals-
sory note and this deed. or either, ue not fully perforeled, complied With and .bided by, the said aggregate sow axntloned in said
prosissay note shall betase due and payable fortAWlth a thereafter •t tbs option of the Mortgagee as fully and completely as it the
said aggregate orris of said prosissory note Was originally stipulated to be paid an such day. teythiag is ssid presiasory note a herein
to the coatrary tlotWitMtasdiag.
V 1 That in order to accelerate the maturity of the indebtedness hereby secured, becawe of the failure of the Mortgagor to pay any fora,
assessment, liability. obligation a encumbrance upon ssid property, as herein provided, it shall not bs necessary a retauisite that the
mortgagee shall first pay the ease.
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 [or 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 of 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 o[ title shall pass to the purchaser or grantee.
4. To the extent of the indebtedness of the Mortgagor to the Mortgagee described herein or secured 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 or secured hereby, and the respective, liens of
said mortgages, liens or other encumbrances, shall be and the same and each of them hereby is preserved gad 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 find been
held by the I-lortgagee 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 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 gay 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 Mortgagee, and no ex-
tension of the time for 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 of in part.
6. The lien of this deed secures and shall continue to secure payment o[ 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. /n the event the mortgagors sell, convey or trans/er the mortgaged premises during the life of this mort-
~aRe, then. this mortgage shall, at the option of the Aortgagee herein, become immediately due and payoble Jo- the
Jull sum of the principal balance and interest then due.
8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrtunent 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.
Si ed. sealed a del' Bred i , e presence of: "N' d/N ~~D~i['L~l~~ (Seal)
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- ~ ~/-L ~. /~"L( Qiyt~~~ (Seal)
STATE OF FLORIDA _~ ~,
couNTY.oF I~JI~lC ss L.
BeToie rLneIIpCer~s'onally appeared WILLIAM/$LANCHARD told RUTH S. BLANCHARD, His Wife
to me well known and known to the to be the individuals described in and who executed the foregoing instrument,
and acknowledged before me that they executed the same [or the purposes therein a:pressed. Wig ESS my hand
and official seal in the County and State last aforesaid this 30th Dgy of Ault,
FILED AND RECORDED
S7.,LU~ ~~ OURI Y~~<rA.
~+ly Commission Expires: J II9 30 1
'69 SEP 12829. ~'
1=0-? ~pITRAS
CE£RK CIRCUIT COURT
Notary Public, State of
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