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"bur f ile 5-18, 631
tAis ~a~pN a~ o~ tr~wts~ o( titi~ to tbe .«~su.a ~roorr~r i~ ~atis~uisAaweat ot tM iadsbqd~esa ~~crred bs~eay. all ri~ht. iiUe
aW intK~st ot t~s Ma~t~or u asd to aar iaswaoce ooliei~a tMs~ i~ [a~es aAall aq te tMe ~woaus~ or ~tptt~.
(U To ~tons, coyly ~ri1~ aM abid~ Or e~eb u~ ev~ty 1A~ ~tip~4tios~• aueeaeat~. eoaditia~a ~nd eoveaaua is ~aid ~aaisao~y
aote aad i~ 1Mis dssd s~t tanM.
(i) TAaI it ~y ot iai~ ot ~oney atteis tetetted to be aot otoytly sad fully p~id ritbia fitleen d~ys aext ~tter
tAe sw save~~llr Oeea~~ dw asd ~sr~el~. ot it saaA asd tvery W~tipni~tioa~. ~~resse~ts. eoMitioas asd co+~esaaa ot aaid ara~ia-
aar aote a~d t~is d~s~. ar sitba. u~ aot f~lly perfo~rad. cw~pliad ~id~ sad abided sy. the s~id ,~•s.« ~r..~a~~w~ea ~...~a
prawiuaryr aot~ slqll ~tea~e dne aad arabie tatAvid~ a tbs~r~ttK u t1e oPtioa ot ~M IAat~a~s~ t~lly aad cowoletei~r as it Ihe
:.~e .s~•sea .r. ot .•id otowiaaary aoq ~~i o~i~~aalir atip~i~t~d to !t Paid m ~ueA dsy. sayt~ia~ is a~id ora~i~aory eotc or Aerein
to tAe eaunryr sot~riUulasdiy. ~ •
(j ) 7Uat is ader to ~eedu~te tAe ~wtwity of tAe indeAtede~ii I~enAy seeured. bee~~se ot t4e f~ilura of ~Ae_ ?lat~s~or ~o ay any ua. f
sssessa~eot, li~sility, osliqtia~ ar enc~wbr~aee upon s~iA ~ope~tY. as herein p~ovided. it s6aii aot be escess~ry or ~eaaisite tbat the
e«u.se~ sa,u tu.~ o.r w. sa.e. ~
2. The Mat~aiee may, at 6is optioa. and wethont waivinj his risbt to accel~rate the indebtedness hereby
secured aad to foceclose the same. psy either befon or att~r delinqueecy any or slt of those cectain obli~~tions
required by the tetms henof to be paid by the Mottsasa for the protection of the mort~a~e security or €or the co1-
lection of the iadebtedness heceby secuted. All sums :o ~dvanced or paid by the htortjs=ee sbalt be chu~ed into
the mort~a=e account aad.become sa inte~r~l part theraof, subject in all respects to tha terma. couditioes. a~d
covenants o~ the ataasaid promi~sory aote, and thi~ mott~a~e, as fully and to the same extent as thou=h a put
af t!?e oti~ieai indebtedaess evideaced by said note and secured by this mort~ase, exceptin~ how~evar. that said
swns shall be repsid tbe Moctaasae forthwith upon its demsnd and be in addition to the re~ulu monthly install-
mems provided by th~ matfaje nota.
3. That the ab:tract a abatrac~s o[ title coverias the mort~a=ed property shall at atl times, dutin~ tha life
of this mortaase, remain in posse=sion of the Mortsaaet and in event of tha forecloaure of this morijaae ot other
tcansCer ot titte to the mort~a~ed property in extinanishment of the indebtednesa secuted heteby, all ri`ht, titie
and interest of the Monaasor in aad to any such abstracts ot title shall paes to the purchaser or ~rantee.
4. To the extent of the indabtedness of the Mortsa`or to the Moct~a=ee deaccibed hecein or secured hereby.
the Mortsasee is hereby subrosated to the lien or liens and to the ri~ht: of tbe owners aad hotders the~eof of etch
And every mortsa~e. lien or othet in~umbraace on the Iand described heraia whic6 is paid and/ot sati~fied, in ~
whole or in patt, wt of the proceeds of the loan described herein or secured hereby, aad tha respectiva iiens oi }
said nwrt~a~as.lieaa a other incunnbrances. shall be and the same and e~ch of them hereby is preserved spd shall r
pass to u~d be held by the Matsa~ee herein as security fot the indebtedness to the Mottsaaee herein described ;
or hereby secured, to the sune extent tbat it would have been ptesecved and Mould have been passed to snd been . ;
held by the Mort=a~ee had it been duly and retularly aasisned, tranafened. set ovar, and detivered nato tl~e Mort-
~a6ee by separate deed of assianp~ent. notwithstandiag the fact that the sarae may be satisfied sud cancelled of
recad. it bein` the intention of the patties herew that the saase will be satiared and caacelled oC record by the
holders'=thereo~ at or about the time of the ~ecordin= of tbis moct~age.
S. In the event the orvnership of the mort`a`cd prernises, or any patt thareo~. becomea vested in a peraon
other than the M~xtfa`or~ the Mortsasee may, without notice to tha Mort=asa. deal with such successcx or suc-
ca:sors in iaterest with refertnce to t6is deed aad the debt hereby secnred, ia the same maaaer aa with the Mort-
aaaor without in ariy way vitiatin` or dischar~in` the M~t~aaa's liability hereunder or upon the debt hereby
secured. No sale of t6e premises bereby mortgaged and no fa~bearance on the parl of the Mortga=ec, and no ex-
tention of the time [os the payment of the debt hereby secnred aiven by the Mort~asee shall operate to release,
diachu=e, modify..chan~e or atfect the ori=inal liability of the Moctgasot 6erein eithet in whote or in part.
6. The lie~ of this deed secntes and sha[i cex~tinue to secure payment o[ said indebtedaess or indebted-
. ness, however evidenced, whet6er by said promissory note or any renewal a extension tbeteof or substitute there-
for, or othetwist, until all such indebtedness shall have been fully paid.
7. /e the event the inortgagors sell, convey or tronsjer the mongaged p~en~ises dwing tlie liJe oj this n~ort-
gage. thtre.this ~nortgage shaU. at the oplion oj the Mortgagee hereir., 6econ~e inuKediately due and payab/e jor the
Jul! suin oj tht principal 6alance and inte?est then due.
8. The temns "Mort~asor" and "Mort`agee" whenever ased in this inswineat shall include the heirs,
pasonsl represeatatives, successors and assians of tbe respective parties hereto. VYherever nsed th~ sinaular
number ahall include the plurai and the plural the sinsular, and the us~ of aay `euder shall include all genders.
Si ed. sealed and defivered ' the presence of: ~ (~a~)
, ~ (Seai)
~
. >
,
` STATE OF FLORIDA -
COUNTY OF ~ as
~Toie me~~r~"s~on~ty appeued G. C. THOMAS, JR. and CYNITH THOMAS, His Wife
to me well lmown aad Icno~?n W me w ba tba indiriduals described in and who execnted the fore=oina inswment,
and ackrw~tedsed befae ~me drat ihey e:ecated the same [or tha purposcs thereia espressed. WITNESS my hand
and omcial stal in the Connty aad State Isst afoi sid tbis l~.th DayoP September, 1969.
F4LED AN ~ UNtY ~ A`~ '
ST. ~UCIE y RiFtE0~~0~
aFCORD E
~ly Canmission Ea ires: J~e 0 ` ~
R Notary Public. s~ate o~ Flori ,
- + ~P 25 ' ~ -
, 69 S ~ . . :
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;~~GER POtTRAS _ ~~~,~-~,``c
CIERK CIRCUIT COURTt ; r , -:E -
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