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this mataaae a other uatutu of title to the mataaaed property is eatiaauishment of the indebtsdneas secured hereby, all rraht, title
and intsrest o[ the -lortaaaar in and to any insurance policies rhea in farce shall pass to the pwchaser a Grantee.
(h) To perform, comply sridt and abide by each and every the stipulations. aareementa, conditions and covenants in said promissory
note and in this deed set forth.
(i) That it any of said attesa of soneY herein referred to be not promptly and fully paid .r~tA~n fifteen days next after
the sams severally bscatttea due and payable. a it each and every the stipulations, aareenxnts, conditions and covenants of said promis-
sory note and this, deed, or either. ue not fully performed, complied rritb and abided by, the said akreaate awn mentioned is said
praaissaY note shall become due and payable torth.rith a thereafter at the option of the t~tatasaee as fully and completely as it the
said aureaate sum or said promissory note was aiatnally stipulated to be paid an aw:h dory. anythiaa is said prasissory note a herein
to the contruY notsrithstattditta.
(j 1 That in ceder to accelerate Ute maturity of the indebtedness hereby secured, because of the failure of the Mortaaaa to pay any fora,
assessment, liability, obliaation a encumbrance upon said property, as herein provided, it shall not be necessary a requisite that the
mortaaaee shall first pay We 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 of after delinquency any of all of those certain obligations
required by the terms hereot to be paid by the Mortgagor for the protection of the mortgage sectuity 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, cronditions, 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, ~iring the life
of this mortgage, remain in possession of the Mortgagee and in event of the foreclosure of this~,Igage 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.
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 curry mortgage, lien or other inetunbrance 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 incumbrances, shall be and the same and each of them hereby is preserved and shall
pass to and be held by the Mortgagee herein as security for the indebtedness to the Mortgagee herein described
of hereby secured, to the same extent that it would have been preserved and would have been passed to sad 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.
5. In the event the ownership of the mortgaged premises, or any part thereof. becomes vested in a person
other than the Mf~ntgagor, 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 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 of 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-
RpRe. then. this mortgage shall, at the option of the Aortgagee herein, become immediately due and 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 a presence of: (Seal)
. ~~~ ~~~A-> (Seal)
STATE OF FLORIDA V
COUNTY OF~~ ss
ST. LIIC
Before me personally appeared WALLACE I. OSTEEN and ETHEL OSTEEN, His Wife
to me well mown 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 for the purposes therein expressed. WITNESS my hand
and official seal in the County and State last aforesaid this 28tH Day Of August, 1969.
J _ A /' ~ ..itttttlri.._
yly Commission Expires: June 30 • 1971 Not~lic. State of
~aax X79 ~~4~
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