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~.xi~~~et sAall fual My 11N s~~e. '
2. The Mott~a~ee msy. at his option. and ~itlw~t ~raivin~ his ri~bt to acceleatF the iadtbtedaess heteby
sccured aed tu fo~eciosa the s~me. pay eithe~ befae or ~[ter deliaqueacy anr o~ ail of tlase cenain obli~ations ~
~equi~ed by 1he tenas Ae~eof to be p~id by the Monaajar for the potectioa of the morysse sscurity o~ [ot the col-
lec~iun of the indebtedness heteby secured. All suma so advanced or paid by ths Mo~tjye~ sball b~ ~hu~ad iato
the mcxt~ase acc~?unl and become an inte~tal patt fbetsof. subjset in all respscts to the tetms. coaditioas. ~ad
cavenants ot the afaesaid ptomissory note. and this moct~aje; as fullr aad to the •~ms exteat ~s thou~b s pan
~~f the ori~insl indebtedness evidencod by said note and secuced by this mott~ase. exceptin~ hows~er. that s~id
cum~ shalt be repaid the Mcxt~a~ee ~orthwith upoa its damaad aad be in additioa to tM n~ul~r nanthly insull-
~ meets provided by the mott~a,~e nate.
3. That the sbstract ar absttacts of title coverini tha-mottsa~ed property ahall at all liaes. d~uins tbe life
uf thi~ mort~ase, remain in passession of the Motya~ee aad in aveat of We ta~eclosute o~ this mort~a~e ot othat
uansfe~ of title to tha moit~s~ed p~operty in e:tiu~uis6meat ot tM iadebtedasss secured Aerebr, all ri~ht. title
aod interest of the Mort~a~a in aad to any wch asstracts ot title shall paas to tha purchaser or ~raatee.
a. To the extent o( the indebtedness of the Morttasor to tbe Mottsaioe detctibed he~eiA or secnr~d hereby.
the Mort~~ee is hereby subro~ated to the lien or lieas snd to tbe ri~hts of tba owaen and bolders theraol of each
~ and every nart~a~e, lien or other incwnbraace on tlk Isnd .described herein which is paid aeid/oc sati~f'iad. ia .
whole or in pan, out of the praceeds of the loan describad benia or secured hereby. aed tbe respactive lieas o~
said rtwn~ases. liens or other incwnbrances. thall be and the saaie and eacb of thaa hereby is pnsetved aud shalt
psss to and be held by the Mort~a~ee heroin as secutity fot the indebtedaess to the Mott~ajee 6erain described
or h~reby ~secured. to the ssme extent that it would have been proserved and wonld 6~ve beaa passed to aad been
held by the INort~a~ee Asd it been duly and rosuluty assi~aed. tr~ns[ened, set o~rer. aad deli~ered uato the Mon-
~a~ee by scpatate deed of sssi~mnent, notwitbstaadin~ the fact that the satne msy be satisCed and caaceilad of
~ecord. it beins tbe intention of the puties herew'thu the s~ will be satisfied and c~ncelled of recocd by t6e ~
halders thereof st ar abouE the time of the tecotdin~ of tbis nattsye. °
S. In thc eveqt the ownership of the naitfa~ed pteu~ises. er any patt thereot. becames vested in a person
other th~n the M~xt~ajo~. the Mortsa~ee may. without notice to the Mort~a~ot, deal with sucb successoc ot suc-
cc~so~s in intercst with ~eference to this deed and the debt hetebr secnred. ia tha saa~e manner as writ6 the Mort-
~asor without in, any way vitiatins or di:chu~in~ tl~e Mat~aia's liability 6erew~der ot npoa the dabt beteby ~
securod. (W~ sale uf ~the premises heteb~r mortsa~ed aad ao facbeuance on the put of the Mortsa~ee, aad no ax-
eensi~x~ of the time for the psyment of the debt hereby secured ~iven by the Mort~a~ee shall operste to ralease,
dischar~e. nadify. chan~e a sffect the ai~iaal liability ot the Mort~a~a hereia eithet in wfiota or in patt.
6. The lien of this deed secures and shall continue to secure psymeat of said indektedaess ot.iadebted-
~ ness, however evidenced. whether by said promissory nota or aay renewal or e:tension ihereof or inbstitrte there-
i fur. or othecwise, until all such indebtedness shall bave beea fully paid.
~ 7. In ~he event the ~ortgo~ors sell. convty or transJei 16e won~a`ed p~u~ises dwins t6t lije oJ this ~ort-
~ RaRe, then this ~wt~a~e shalf. at the option oj the Mortgqste hntin. 6eco~e i~ediately due ond paya6le jor ~JYe
Jufl ~swe oj the principal botance md inttrtst then d~t.
8. Tha terms "Mon~ata" and "Mon~a~ee" wbenever uaed in this instrumen/ shall iacluda tha 6eir:.
pasonal representatives, successors aad sssi~ns of the respective parties hereto. Mlhetever nsed tha sinsular
number shall include t6e plural and the plural tbe sia~ulsr. aad the use of aay ~eader sAall incloda a!I ~enders.
Si~ . seal nd iv r in the presence (Seal)
O~J1' ~-~`~(SeiU
~ ` ~
STATE OF RLORIDA ~
COUNTY OF~ sf
Berore
Te~e' pe
~s
u y appeued JOHN 1~1. MA30N aIId S~ARAH A. MA30N, his xife `
to me .vell kuow~n and kaowe a me w be tbe iadi~iduals desaibed in sad wbo execated tbe [ore~oiws inswmeat.
and sckaornled~ed befare me that tbey e:ecatad the sas~e [ot d~e pwposes dareia expcessed. ~IITNESS n~y 6aud
and ofticial seal ia the Couaty and Sute la:t Joresaid t6is 8th d8~y O~ AtigliSt 19~j0• .
ILED AND RECOROED'= ~
T. LUCIE COUNTY. FLA. `
~ECORn VERl~iED • a
.
1~Ir Caanassia~ Espites: ~TtiIIQ 30 * 1971 Notary Pnblic. Sute ot ~10~1 , `
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F;U~ER FOITRAS ~;;;'>4.~~ .
CLERK CtRCU1T COURT N ~''r,` ~`~'~t'~` ~
a~K186 ~1653 ~-~j.~.,t,~.,,.:.
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