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tA~a a~ortp~e a olhu u~nafe~ ot t~tle to IAe ~w~~a~ed p~oper~y ~n etun~u~sh~eet oi tAe inde~tedntss ~ecuced hereby, rll n~ht; tille
and ~nteresl o( the Mort~a~~r ~e and to ~ny iaswance polic~es ehen (orce ah~U pasa to eAe putcA+ae~ w iran~te,
(h) To per(wm, caeply +ritA and •b~de bf• eacA and every tAe supulat~ons, asreements, condiuons ~nd covenanu m said prwn~ssoty
note ~nd in th~y deed set forth.
(i 1 TAa~ any ot xs~d sums of money here~~ roterred to pe not ptoaiptly and fully pa~d +ruh~n tifieen days neat ~ite~ '
the saiee sevei~lly becaees due aad pay~ble,a eacA aad every the al~pul~tioos. ~~reements, comi~tia?a ~nd coven~nts of aa~d ~wnis.
sory note and tAis deeA, or e~ther, ~~e aot fuily per(orsed. easplied ~r~~A and abided sy, ~Ae s,~a sja~ea,~e swn nKn~~oned ~n sa~d
prom~saory note shall beco+re 3ue snd pay~ble fatAritR ar thereatter at the op~ion o( tbe lyo~tsa~ee ~s tully and cowpletely as i! the
sa~d ~~ue~~te sw~ o( ssid ppaisso~y rtote rra: ot~~~nally alipulatnd to be pud m auch A~y. saytAm~ ia s~id p~omisaory note a here~n
to tAe contruy notvi~hataadins. {
! The~ in ader to acceler~tc thc aytun~y of tAe indebtedeeas Acreby secmed, eecawe of u~e t~ilure ot ~Ae Maiq~ur ~u p~y any I~x, ~
•s~e~smenl, I~as~4ty, obl~sation a encue?br~nce upon s~id property, as '?ereie p~ovided, u shsll AOl b! plCtS~ify Of tCQYIlII! lhat the
mo~t~a~ee shall (irst pay the saeae.
2. The 1~lortgagee may, at his option. and without waivina his tight to acceletate ihe indebtedness heteby
serured and ta forecfose the same, pay eithe~ be(ore o~ atter delinquency any or ali a! those ceruin obli~ations
required by the terms hereo! to be paid by the Mott~asor fot the protection of the mott`a~e security or for the col-
lectio~ af the indebtedness hereby secured. All sums so advanced or paid by the Mort~aaee ahall be char=ed into
the mortgage account and become an integral part thereo(. subject in all tespects to the terms. conditions. and
covenants of the afocesaid promissory note, and this mortgage. as fuily and to the same estent :s thou~h a put
of the ori`inal indebtedness evidenced by said note and secured by this raortra~e. exceptins howevet. that said
sums shall be ~epaid the Mort~:~ee focthwith upon its demand and be in additioa to the reeular monthly install-
ments provided by the mat=~se note. '
3. That ~he abstract or abstracta of title coverin` the mortta`ed pcoperty :hall at all times, durin` 1he life
o( this mortgage, remain in possession of the Mottgagee and in event of the foreclosure of this mort~a~e or other
trancfer of eitle to the mort~aged property in extin~uishment of the indebtedness secured hereby. a!1 ri~ht, title
and incerest of the ~Nortgagor in and to any such absuacta of title shsl! pass to the purchaser or araatee.
To the extent of the indebtedness ot the Mortaasor to the hloTttagee described hecein or secured hereby,
the hlortgagee is hereby subrogated to the lien or liens and to the riahts of the owaers and holders thereof of each
and every mortgage, lien or other incumbtance on the land deseribed herein which is paid ard/or aatitfied, in
whole or in part, out of th~ proceeds of the loan described herein or secured hereby. and the reapective liens of
said mortgages; liens or other i~cumbrances, shall be and the same and each of them hereby is presetved u~d shall
pass to and be held by the Mortgagee herein as security fot the indebtedness to the Mortgagee hetein described
on c~reby secured, to the sam~ extent that it would have been presenred and woald have been passed to aAd been
htld by the Martgagec had it been duly and re6ululy assigned, uansfet[ed, set over. a~d delivered uato the Moti-
, gagee by separate deeei of assiar?m~nt. notwithstandin~ ihe fact titat the same may be satisfied and cancelled of
record. it bein~ the i~tention oC the parties hereto that the same wi11 be satisfied and cancelled of record by the
holders thereof at or about the time uf the recordiea of this mortaage.
S. !n the svent the ownersbip of the mortgaged prcmises, or any part theceof. becomes vested in a person
other than the Mortgagor, the Nortgagee may, without notice to the 41or~gasa, deal with such successoc or suc-
cessors in interest with reference to this deed and the debt heteby secured, in the same manner as with the Mott- ,
gagor without in any way vitiating or dischar6in6 the Mortgasor's liability hereunder or upon the debt hereby
secured. No sale of the premises hereby mortgased and no [orbearance on the part of th~ Mortgaaee, and no ex-
teosion of the time for the psyment o! the dtbt hereby secured given by the Mottgagee ahall operate to release.
discharge, modify, change or affect the ori~inal liability of the Abrtgador hetein either in whole'ot in part.
6. The lien of this deed s~cures and shall cantinue to secute payment of said indebtedness or indebted-
ness, however evidenced, whether by said promissory note or any renewal or extension theceof or suhstitute there-
for, or othetwise, until ait such indebtedness shall have been fully paid.
7. Ir~ the ei~ent !he mo~lgaRo~s sell, convey ur transjer the n~ortgaged p~ernists during the lije oJ this niort-
,qaRe. ~hen Ihis morlgaRe sha/f, at 1he op~ion oj the 4lortgagee herein, become irnmediately due and pnyable Jor the
jult sum oj ~he principa! balance and interest then due.
8. The tertns "~lortgagor" and "Mortgagee" whenev.er usod in this insttument shall inctude the t~eirs,
puconai repiesentatives. successors and assigns of the respective parties hereto. Wherevor used the singular
number shall include the plura! and !he plural the singular. and the use o! any gender shall include all genders.
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S" ed, se liv ed in the presence of: (Seal) ,
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~-l~` (SeaU
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STATE OF FLOR(DA ~
COUNTY OF ~Z ~ ~S ~
~e~torei`rrIIC'pe~rs'onally apQeared RICHABD JOSS$ eiIId Y$ZL JOlIfSB~ h18 fJfte
ta me well known and known to me to be the individuals described in a~ who executed the fore~oinE instroment.
and acknowledged before me that they exccuted the same for tbe p~erpoaes therein expressed. iY1TNESS my hand
andQ~ji~~l~ i~~~~ and State last aknesaid this 1$t11 Da~V Ot ril, 19~ ~ r
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LUCIE CC~UNTY FLA. ~~?ti+?±~,++~,, -
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~BC~isc~o~ E~re~ 30~ 19~1 Notary Public, Stat oi ~ -
hiol'ic. St~ta d f'loridt # L+rN c~ . b•'"?G
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CLtRK C~RCUlT COURT b;.,~~t:, ;.~.`,~r'.~;.~-~
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