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~h~s mo~t`~`e w uthe~ tansfe~ uf hUe ~o thr morig..red ~rope~t) m e*un~w~hmen~ u~ tAt ~ndchtedne~a .r~urrJ hcrrb~, ~!1 ri`At, i~~tr
rnd ~nurest ot the Mo~e~s~w m~m1 ta any incwrn.r pul~c~es ~hen ~n torce sh~li pa.s to the pwchaae~ u~ K~~mce.
(h) To per(otm, ta+nply ~ritA and a~~Je by each anJ cvery the ~UpulaUUns, a~~ecmeots, cond~hon. •nd cu~enant+ ~n wid p~om~.~~~r>
note and in th~s deed se~ (orl~,
_(~1 That ~f ~ny ot s~~d sums ot monry hc~e~rt refrrred tu be not promptly ~nd (ully pa~d aith~n ' f~t~rrn da>. nc~~ e~iri
~he same sever~lly becoeeea due and payable,ur eaih end evt~y the ~npulatwns, aRrcements, c~~nJ~t~un. and cn~rnant. of .a~J prum~.-
sory nott artd tA~s deed, or either, •re not tully per(ixmed, cumplitd ~uh and abided Ay, ~Ae .a~d aggregate ?um mcnuonrd :n .r~d
prumissay note ahall becwee due and pa)~able (nriA~~?h or the~eaiier at the opt~un of the \Iu~tg~Rre a~ fuii~~ and compirtely a. Mr
sa~d a«repte awn of sa~d promi..o~p note ~ru ongmalty st~putated to ~e paid on ~ucA dsy, anythmY ~n said p~omu~ury nu~~ ur herc~n
to the contrary ootvitAstandm~t.
l~ 1 That in order to accelerate tAe m~~uruy uf the indebtednes~ ~ereby secwed, hrcause ot thr tailure ot tAe \furtga6u~ ~o pay any t~~,
•ssessment, I~aSiGty, obl~eation .x rncumbrance upcxi sa~d p~o~+erty, as herr~n pruc~ded, ~t sh~t! not be ne.es..uy ~x rrqwsue tha~ ~Ar
mortea~te shall f~rst pay the same.
2_ The Nottgagee may, at his option, and without waiving his right to accelerate the indebtzdness hereby
secured artd to foreelose thz same, pay eithe~ before or after del~nquency any or aU of those certain obligat~uns
required by the tetms hereof to be paid by the !1lortgagor fnr the ptotection af the mnrtgagt security or for the col-
iection af the indebtedness hereby secured. All ~ums so advanced or paid b~~ the ~iortgagee shall be charged into
the mortgage account and become an integtat part thereof, subject in all tespects to the termt, conditions, and
c~~venants of the atoresaid promissory note, artd this murtgage, as fullS• and to th~ same extent as though a part
oF the oti~inal indebtedncss evidenced by said note and secured by this mortgage, excepting however. ~hat caiJ ~
sums shall be repaid th~ 1~tortgagee (orthwith upon its demand and be in addition to the regular monthly install-
ments pro~ided by the mortgage nute.
3. That the abstract or abstracts of title covering the mortgaged propert}- shall at all times, during the I~Ce
of this mongage, remain in possessicm of the ~tortgagee and in event of the foreclosure o[ this mortgage ot other
transftr of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all tight, title
and intetest af the Wottgagor in and to any such abstracts of title shall pass to the purchaser or grantee.
~i. To the exte~t of the indebtedness of the Mortgagor to the ~iottgagee desccibed herein ar secured hereby,
the 1lortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each
and every mortgage, lien ot other incumbrance on thc land described herein which is paid and'or satis[ied, in
whole or in part, out of the proceeds ot the loan described herein ot secuted hereby, and the respective liens of
said mottgages, liens or other incumbrances, shall be and the same and each of them hereby is preserved and shail
pass to and be held by the 1~iortgagee herein as security for the indebtedness to the \tortgagee herein described
or hereby secuted, to the same extent that it would have been pteserved and would have been passed to and been
held by the Alortga~ee had it been duly and regularly assigned, transterred, set ovor. and delivered unio the 11ort-
gagee by separate deed of assignment, notwithstanding the fact thai 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 b~ the
ho{ders thereof at or about the time of the recarding of this mortgage.
5. In the eveni the o~~nership of the mortgaged ptemises, or any part thereof, becomes vestzd in a person
other than the !1lortgagor, the ~lortgagee may, without notice tv the Vortgagor, deal with such successar or suc-
cessors in interest u•ith referer.ce to this deed and the debt hereby secured, in the same manner as with the ~1ort-
gagor w~thout in any way vitiatirtg or discharging the ~lortgagor's liability hereunder or upon the debt hereby
secured. No sale of the ptemises hereby mortgaged and no (orbearance on the part of the ~lortgagee, and no ex-
tension o[ the time for the payment of the debt hereby secured given by the !~~ortgagee shall operate to release,
discharge. modify, change or affect the ~riginal liability of the ~lortgagot herein either in whole or in part.
6. The li~n of this deed secures and shall continue to secure payment of said indebtedness or indebted-
ness, however evidcnctd, whether b}~ said promissory note or any renew~al or extension thereoC or substitute there-
for, or otherwise, unti! al! such indebtedness shall have been fully paid.
7. /n the event 1he rrior~gagors sell, com~ey or hansje~ the mortgaged prernises during the life oj this mort-
Rage, ~hen this rr~ortgage shall, at the option oJ the :Ilortgagee herein, become immediately due and payable for ~he _
Jull sani oj the p~incipal balnnce and interest then due.
8_ The tertns "Mottgagor" and ";1lortgagee" w~her~ever used in this instrument shall include the hei~s,
personal reptesentatives, successors and assigns of the respective parties hereto. W'herever used the singular
number~sha{I include the plural and the plural thr singular, and the use of any gender shall include aIl gende~s.
i /v • ^
; Signe , seak red ~n the pre e of: <s L~t- Gt% (Seal)
~ ~r~C.C~ Cc,(_,,.G~/c,? (Seal)
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E
~ STATE O~ FLORIDA I
~ COUN Y OF ~ ~S
~ S~. LU~
; Before me personatly appeared CLIMON WASHINGTON and WILLIE MAE WASHINGTUN, his wife
to me wetl known and known to me to be the individuals desctibed in ar~d who ezecuted the foregoing instrument.
- and acknowtedged before mc that they eaecuted the same tor the purposes therein expressed. WITNESS my hand
;
and official seal in the County and State last aforesaid this 14th Day of June, 1973
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June 30 1975 Florida a
~1v C'~,mmiccion Fxoires: ~ Notary Public, State of ,
RDEO . .
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