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thu nac~p~e w other transfe~ ot utle ~o the mor~ra~ed prope~ty m e~un~u~shmeet oi the ~ndcbtedne.~ .ecu~rd herebv, ~II nth~, htlr
anA inte~eat o( the Mo~t~~~p ~n and to anY ~ncwance pul~cies ~heo ~n force shal! pass ~o the putcbsae~ or ~r.niee.
(h) To pe~fam, cumpty w~th and ab~Je Sy e~ch and eve~y tAe sUpulauons, aarcements, condiu~~ and cr.venant. ~n ~a~J prum~ss~ay
~ote and in th~s dted cet (orth,
(i ) TAst i( any of said sums ol money herem teter~rd ~o bt not prempUy and (u11y psid w~th~n f~(trro days oe~t ~her
the same severally secomea due and payable,or if each a~d every the shpulauons, aRrcemcnts, ~ood~l~on~ ~nd co~rnann of said pran~s-
sory note and th~s deed, o~ ei~her, are rtot (ully perto~tne0, complied r~~tA and abided by, the .a~d aggrcea~e sum meni~oned in sa~d
promusay eote shall become due and paYable (ort~M~th a the~eafur at the opUon o[ the !~1ortKag<e as fullY and completely as thc
said a~~re{ate sum o( said promissay note Was one~nally stipulatcd to be paid on such day, anythm6 m sa~d prom~s~ory nac w herein
to the coM~ary notwithstaed~na.
V) Ths~ ~n order to accelente the mawnty u( the indebtedness hettby secured, because o( the failure o( ihe \fwtga6~x to pay any tax,
assessmem, Iiabiiity, ob1~~alion ix rncumbnnce upw~ sa~d property, as h~rein provided, shall nat be nece~>ary or reqws~te [ha~ the
matsa~ee shall f?rst pay the same.
2.- The ~tortgagee may, at his option. and without waiving his right to accelerate Ihe indebtedness hereby
secured and to foreclose the same, pay eithe~ betore or after delinquency any or all of those certain obligations
required by the terms hereof to be paid by the Mortgagar for Ihe protection ai the mortgage security or tor the col-
lectio~ ol' the indebtedness hereby secured. All sums so advanced or paid by the !~lortgagce shall be chargeJ inlo
the mortgage account anJ become an integral part theteof. subject in all respects to lhe terms, conditiops, and
covenants oG the aforesaid promissory note, and this mortgage~ as fully and to the same extent as though a part
ot the original indebtedness evidenced by said note and secured by this mortgage, excepting however, that said
sums shall be repaid the Alortgagee forthwith upon its demand and be in addition to the regular monthly install-
meMs provided by the mottgage note. _
3. That the abstract or abstracts of title covering the mortgaged property shall at aU times, during the iife
of this mortgag~e, remain in possession of the Mortgagee and in event of thc foreclosure of this mortgage or other
transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby. all right, title
and interest of tha ~tortgagor en and to any such abstracts of title shall pass to the purchaser or grantee.
To the exlent of the indebtedness of the Mortgagor to the Rlortgagee described hetein or secured hereby,
the ;~lortgagee is hereby subrogated to the lien or liens a~d to the rights of the owners and holders thereoC of each
and every mortgage, lien or other incumbrance on the land described herein which is paid and~or satis[ied, in
whole or in part, out af the praceeds 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 ot them hereby is presetved and shall
pass to and be held by the ~fortgagee herein as securit~ fot the indebtedness to the Nortgagee herein described
or hereby secured, to the same eatent that it would have been preserved and would have been passed to and been
hetd by the '.1lortgagee had it been duly and regularly assigned, tra~sfened, set over, and delivered unto the Mort- ~
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 aad cancelled of record by the
holders thereoC 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 ~lortgagee may, without notice to the ~lortgagor, deal with such successor or suc-
cessots in interest w•ith reference to this deed and the debt hereby secuted~ in the same manner as with the 41ort-
gagor without in any way vitiating or discharging the tilortgagor's liability hereunder or upon the debt hereby
secured. Na sale of the ptemises hereby mottgaged and no forbeatance on the part of the 1~lottgagee, and no ex- -
tension of the time for the payment of 1he debt hereby secured given by the Mottgagee shall operate to release,
discharge, modi(y, change or affect the original liability ot the Mortgagor herein either in whole or in part.
6. The lien oC this deed secutes aad shall continue to secure payment of said indebtedness ar indebted-
ness, however evidenced, whether by said promissorp note or any renewal or eztension thereof or substitute ihere-
for; or otherwise, until all such indebtedness sha!! have been fully paid.
7. /n the evenl ~he mo~lgagors sell, convey or transfer the rr~ortgaged pre?nises during the lije oJ this mo~t-
gage, then this mortgage sha(!, at the option oj the Afortgagee herein, becon;e imrnediately due and payable jor the
Jul! sum oj the principal balance and interest then due. .
8. The tenns "Mortgagor" and "Mortgagee" whenevet used in this instrument shall include the heirs,
personal representatives, successors and assigns of the respective parties heret~. 1~'herevet used the singular
number shall include the plural and the plural the singular, and the use of any gender shall include all genders.
~
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Sign , sealed iv e in the ptesence (Seal)
(SeaU
~c~J 0/J.
~ .
STATE OF FLORiDA I '
C~UNTY OF f 'S
ST. LU~
Before me personally appeared WILLIAM H. DOWD at~d JOYCE A. DOWD~ his wife,
to me well known and known to me to be the individuals described in and who executed the toregoing instrument,
and acknowledged before me that t6ey executed the same for the purposes therein expressed. WITNESS my hand ~
and official seat in the County and State last aforesaid this 8th Da of Ma.reh 1973
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~fy Commission Expires: JuRe 30, 1975 Notary Public, State of Flori~'
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