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this mort~a~e .x uther tansfe~ u( htle w the mu~tKa~ed poperty ~n eat~n~u~shment W the.~ndebtedness se:utrd ~e~eh>, rU neht, ~~tle
and ~ntcres~ i~( Me ~1an~a~w m end to any ~nsurance pulic~es then ~n (orce shall pass to the purchaser ar ~tcantee.
(h/ To per(crm, compiY •~?d ab~de by eacA am1 every the shpulaUuos, a~teements, condil~o~s and co~~en~ms ~n s~~d prwm.~ixy
na~e and in tAis derd se~ torth.
(i 1 Th~t any o( said swas af mwiry hereen re(erred to be not prompUY and tully pa~d ~•~thio hftren days nea~ alu~
the same se~erally becomea due and paya~le,a each and every the supul~uonx, a~reements, cond~UOnc and co~enan~c af said prwnis-
say note and tA~s deed, or e~ther, are not fully per(ormed, comDl~ed ~r~th and ab~ded by, th- .a~d aggregate sum ment~oned io said
prom~ssory note shall Secome due amf payable fwthr•~tA or theru(ter al the option of the \lortgagee as fully and completel~ as 1f the
said a~pt~ate sum of said prom~sswy eott wss on~mallY supulated to be paid m such day, anyth~nR in sa~d promissory notc or here~n
to the contrary not~•i~hstand~n~,
) That m order to acceler~te the matunty of the indebtedness hereby secu~ed, because ot the fa~lu~e ot the ?lwtga6ur pay any ~a~,
assessment, I~ab~Gl), oblisation ~x encumbranct upon sa~d property, as hetem provided, ~t shal) not be necessary or reQwsitt tha{ the
mort~s~ee sAall f~rs~ pay the same.
2. The 1~lottgagee may, at his option. and without waiving his right to accelerate the indebtedness heteby
secured and to foreclose the same, pay eithe~ be[ore or aftet delinquency any or all of those certain obligations
required by the tcrms hereof to be paid by the ~~ortgagor for the protection of the mortgage security or [or the col-
lection of the indebtedness hereby secured. All sums so advanced or paid by the !~lortgagee shall be charged into
the mortgage account and became an integral part thereof, subject in all respects to ihe terms, conditions, and
covenants of the aforesaid promissory ~ute. 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 Mottgagee forthwith upon its demand and be in addition to the cegular monthly install-
ments provided by the mortgage note.
3. 7'hat the abstract ar absvacts of title covering the mortgaged property shall at all times, during the lile
of this mortgage, remain in possession of the Mortgagee and in event of the foreclosure of this mortgage or ather
transfer of title to the mortgaged property in extinguishment o[ the indebtedness secured hereby. all right, title
and interest of the ;~lortgagor in and to any such abstracts of title shall pass to the purchaser or grantee.
4. To the extent of th~ indebtedness of the Mortgagor to the Mortgagee described herein or secured hereby,
the Uortgagee 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 incumbrance on the land described herein which is paid and!or satisiied, 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 M1lortgagee hereiri as security for the indebtedness to the Alortgagee herein described
or hereby secured, to the same extent that it would have been preserved and would have been passed to and been
held by the Uortgagee had it been duly and regularly assigned, trans[erred, set over, and delivered unto the 11ort-
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 ',1lortgagor, the \tottgagee may, without notice to the Mortgagor, deal with such successor or suc-
cessors in intetest w•ith reference to this deed and the debt hereby secured, in the same manner as with the ~tort-
gagor w~~thout in any vvay vitiating or discharging the Mortgagor's liability hereunder ar upon the debt hereby
secured. No sale of the premises hereby mortgaged and no forbearance on the patt of the Mortgagee~ and no ex-
tension of the time for the payment of the debt hereby secuted give~ by the hlortgagee shall opetate to release, .
discharge, modify, change or affect the originat liability of the ~tortgagor hecein either in whole or in part.
6. The lien of this deed secures and shall continue to secure payment oC said indebtedness ot indebted-
ness, however evidenced, whether by said ptomissory note or any renewal ot extension thereof or substitute thete- .
for, or otherwise, until al! such indebtedness shall have been fully paid.
t 7. /n the event the mor~gagors sell, convey or transJer the mortgaged premises du?ing fhe life oj this mo?t-
~ gage, then ~his mo~tgage shall, at the option oj the Alortgagee herein, 6ecome inimediately due and payable Jor the
~ Jufl su~n oj the principa! balance and interest then due.
~ 8. The tertns "Mortgagor" and "Mortgagee" w~henever used in this instrument shall include the heirs,
personal representatives, successors and assigns o: the respective patties hereto. Wherever used the singular
number shall include the plural and the plural the singulat, and the use of an~• gender shall include all genders.
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ned, seale and eli ere in the presence (Seal)
~ ' - ~ (Seal)
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~ ` ~
L/G!~ ~ ~~L~/LC~
~ STATE OF FLORIDA I
COUNTY OF ~ ss
S Be(oreUmCeipersonally appeared JAMES NIXON atld DORIS NIXON ~ his wif e~
~ to me well knovm and known to me 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 ezpressed. WITNESS my hand
~ and ofiicial seal in the Count} and State last aforesaid this lOth Day of August, 1972
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~ 1 5
~ ~1y Commission Expires: JUne 3O, 97 Notaty Public. State of
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ST.IUCIi. ~JUNTY fiA-
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