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Our file 5-25,482
ih~s m~~~t~ergr ~u atA.~ Uan.lr~ uf t~tlr to thr mortgrged ~woprrt~ m raunguuhmrnt ol ~hr indrhtrdnrs+.rcwrd hereby, aU nght, t~tlt
and imerc.t u( ~hr \tu~1Ra~vr m rnd to any insurancr pul~c~ox ihen (urce shall pa~s ~n tht purehase~ or gren~et.
(hl To prrt.am, ..wnpl> M~th anJ ab~dr b)' rach and r~cry 1ht supulat~uns, aer.•rm~nts, tond~h~~n. ~nd covtnant. ~n ~a~d prum~~sury
noie and m tA~. drrd sr~ furth.
1 Thal ~f any u( .a~d +umc ul monc) hr~e~n rcirrrrd ti. bt nul prumptl) rnd (ully paid u ~th~n G(tren da)'s nt~~ a(tet
~he same s.vrrally tirc~~mes dur and paynhlt,~u 1~ tdCA and avery the cupulauons, agrcrm.~ts, .umhhon. and covenants of sa~d prom~s-
swy notr anJ thu drtJ, or euher, arc nut fu:ly prr(ormrd, compl~ed w~th and aA~ded by, ~h~ +a~d aKBrrRatr sum mrnUOntd m said
p~um~.suty note shall bec.wne dur and pa>~~blr fatAw~tA ur the~eaftc~ at the opu~~n ot ~he \fur~g:~gre es tully and complrtely as it ihe
saiJ a6ere(tatr .um o( sa~d prn+n~s.ory nott w•as onrmall)' .t~pulated to be paid on ~uch dry, anythmg m sa~d promissor~• note or herem
tu ~he .ontrary notyuhstand~ng.
l~ ? Th~t m ordt~ ~o acceie~a~e the ~natw~~y u( the mdebtcd~it>s hereby sc~urcd, htcau+e ul tAr ta~lur; of the 11u:tgagor to pay any tax,
as.c.amtnt, I~aMlu>, ~~bl~grUun ~.r rncumbrance upon sa~d pro~+erty, as herc~n providrd, n~hall not be neres~a~y or reqwsite that the
mungagee shall f~r.t pay the same.
The \lortgagee may, at his opuon, and without ~•aiving his right to acreletate the indebtedness hereby
secured anJ to foreclose the same, pay either before or after deli~quency any ar all of those cettain obligations
requ~r~d by th~ terms hereof to he paid b~~ the \tartgagor f~r the protection of the mortgage security or for the col-
lection of th~ indebtedness hereby sccured. All sums so advanced or pa~d b~~ the ~1ortgagee shall be charged into
the murtgage accaunt and become an integral part thereof, subject in all respects to the terms, conditions, and
co~enants oi~ the aforesaid pmm~ssor~~ nute, 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 howevet, that said
sums shall be repa~d the '.1lortgagee forthwith upon its demand and be in addition to the regular monthly install-
ments provided by the m~~rtgage nute.
3. That the abstract ~~r abstracts of title covering the mortgaged property shall at all times, during the life
of this murtgage, remain in pussession of the \tortgagee and in event of the foreclosure of this mortgage or other
transfer of title tu the mortgaged propert~~ in extinguishment ot the indebtedness secured hereby. all right, title
and interest of the \turtgag~~r in and to any such abstracts of title shall pass to the purchaser or grantee.
4. To the extent of the indebtedness of the 1~lortgagor to the \tottgagee described herein or secured hereby,
the \lortgagee i~ hereb~• subrogated to the lien or liens and to the rights of the owners and holders theteof of each
and every m~rtgage, lien or other incumbrance on the land described herein which is paid and~or satisfied, in
whole or in part, out of the proceeds of the laan described herein or secured hereby, and the respective liens of
said m~~rtgages, liens or other incumbrances, shall be and the same and each of them hereby is preserved and shall
pass to and he h~ld b~• the \lortgagee herein as security for the indebtedness to the 111ottgagee herein described
or hereb~~ secured, ta the same extent that it K~ould have been pteserved and would have been passed to and been
held bY the \1~~rtgage~ had it b~en duly and regularly assigned. transferred, set over. and delivered unto the A1ort- •
gagee b~~ separate deed uf a~signment, notw~ithstanding the (act that the same may be satisfied and cancelled of
record, it be~ng the intention of the parties heretu that the same w•ill be satisfied and cancelled of recotd by the
holuers therevf at ~~r about the t~me o( the recording of this mortgage.
5. In the event the owner~hip of the mortgaged premises, or anp part thereof, becomes vested in a person
other than the ~k~rtgagor, the \lortgagee may, without notice to the \lortgagor, deal w~th such successor ot suc-
cessors in ~nterest Nith reference to this deed and the debt hereby secured, in the same manner as with the !11ort-
gagor without in am• ~vay vitiating or discharging the !1lortgagot's liability hereunder or upon the debt hereby
secured. No sale ofTthe premises hereby mortgaged and no forbearance on the part of the hlortgagee. and no ex-
tension of the time Cor the payment of the debt hereby secured given by the \iortgagee shall operate to release.
discharge, modify, change or affect the original liability of the \lortgagor herein either in whole or in part.
6. The I~en uf 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-
Cor, ur other~~se, until all such indebtedness shall ha~~e been fully paid.
i 7_ In ~he~ e~•enl ~he mortRaQors selt, com~ey or hansjer the ?nortRaged premises during the IiJe oJ this mort- -
~ ku~e. ~hen thrs mort,~a,~e sha11, at the oplion oJ the ,11ort~axee herein, 6ecnme ~mmedietely due and payable jor Ihe
(u/! sum of the pnncipa! hulance and interest then due.
8. The terms "~tortgagor" and "\lortgagee" vehenever used in thi~ insUument shall include the heirs,
personal representatives, successors and assigns of the respective parties hereto. Wherever used the singular
, number shall inrluJe the plural and the plural the singular, and the use of any gender shall include all genders.
~
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~ Si ned, seale J el~~•e ed in the presence of: (Seal)
~ ~-~c.~-u
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(Seal)
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STATE OF FLORlnA I ~
COLNTY O i 11
ST . LU~~
~ Befure me pertonally appeared IVORY TYLER stld HENRIETTA TYLER~ his wife~
to me well known and known to me to be the individuals described in and who executed the foregoing insttument,
~ and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my haA~
~ and off~cial seal in the Count~ and State last aforesaid this Sth Day Of ~Ct ber, 1972
~ ;-i w a ~ b
~ "r '.s
'l.- 'p'
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~1y Curnm~ssion t:.~~r~s: June 30, 1.975 Notary Publ~c, sca« a ~ e~~
~.f " ~ ~ 4i ;
f LEO AKO RECOftDEO - . ~ `
s~ ROGEa ~3NRA5`A ,,.~y ~ ~r '
R:,1l11 COURT .
CLE?K : ~c
RfCdR~ VE~.,. ..D -
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