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th~. mw~~tagr ~K uthr~ uansfc~ ut wle to ~he monra~td ptopcrty ~n e~unruuhment ui ~Ar indeAtednes. ~e~ucrd hercby, all n~h~, utle
and in~ere.t the \to~~~a~or m ~nd to an> msurance poliuec ~hen ~n (or.e shall pa+s Io IAe purchaset or paoiee.
(A) To pt~~~Hm. ~.wnply ~ritA and ab~de by eacA anJ evety the cUpulaUons. apeements, cond~UUn~ and covenant+ ~n c~~d pr.~mrnsoty
nolt and m ~h~. derd set Iot1A.
I Tha~ d anY ut sa~d sums uf monry here~n rcferrcd to be not prump~ly rnd (ully pa~d ruh~n hf~een days nei~ a(ter
Ihe same serc~ally becomes Jue and paya~le, or J each and every the stipulauons, a~reemen~c, .und~t~ons and covenants of sa~d qan~s-
swy note and th~s deed, or e~~her, are not fullv performed, c~unpl~ed ~nh and ~e~dea t~>, t~e +a~d a~~re~a~t sum menuontd in sa~d
pran~ssoty note shall become due and payablt fortAr~lh ix ~herea(ter at the op~uu~ of tAe Not~~a~ee as (ully and completely as ~t ~he
~a~d a«e~~te ~um of sa~d p~um~cswy note ~vas o~iemally supula~ed to be pud on such drY. anythm~ m ss~d prom~ssorY note or Aere~n •
h. tht conuary not~~~Aslandmp.
1 That ~n nrder ~o accele?a~e the matur~ty o( ~he ~ndebtedness hsreAy securcd, be~ause uf tha fa~lure of the \1«isa~ur to psy any ~ax,
~ssessment, lub~lity, obl~tation or rncumbrance u~+w~ sa~d proper~y. as here~n pruv~ded. ~Aail not be neces.ary or rcawsne th~t the
mo~t~a`te shall (uc~ =uy the same. _
The \iortgagee may, at his option, and without waiving his right to accelerete the i~dcbtedness hereby
secured and t.~ foreclose the same, pay either before or a~tet delinquency any ot all af those cettain obligatio~s
required by the terms heteof to be paid by the Nortgagar for the protection of the rn~rtgage security or for the coi-
lection of the indebtedness hereby secured. All sums so advanced ar paid by~ the ~loctgagee shall be charged into
the mortgage account anJ become an ~ntegral part thereaf, subject in ali tespects to the tetms, conditions, and
cuvenants oG the aforesaid prum~ssory note, and this mottgage, as fully and to the same extent as tfiough a part
of the ariginal indebtedness e~•~denced by said note and secured by this mortgage, excepting however, that said -
sums shall be repaid the \1ortgagee forthwith upon its demand and be ~n addition to the regulat monthly install-
ments provided by the mottgage note.
3. That the abstract or abstracts of title covering the mortgaged property shall at all times. during the life
of this mortgage, remain in possession of the !1lottgagee and in event of the foreclosure of this mortgage or other
transfer of litle to the mortgaged property in extinguishment of the indebtedness secuted hereby. all right, title
and intere~t of the ~lurtgagor in and to any such abstracts of title shall pas~ to the purchaset or grantee.
~1. To the extent of the indebtednes~ af the Mortgagor to the 4lartgagee described herein or secured hereby,
the !1lortgagee is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof ot each
and every mortgage. lien or other incumbrance on the tand described herein which is paid and!or satisfied, 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 he held by~ the Mortgagec herein as security for the indebtedness to the A~ortgagee herein described
or hereby securrd, to the same extent that it w~ould have been preserved and would have been passed to and been
hrld by the !1lortgagee had it been duly and regularly assigned, transfetted, 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 mtention of the patties hereto that the same will be satisfied and cancelled of record Ey the
holders thereof at or about the time of the recording of this mottgage.
5. In the event the ownership of the mortgaged premises, or any patt thereof, becomes vested in a person
othet than the \tortgagor, the ~tortgagee may, without notice to the Mortgagor, deal with such successoc or suc-
cessors in interest w•ith reference to this deed and the debt hereby secuted, in the same manner as with the ~tort-
gagor w•ithout in an}• way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby
secured. No sale of the premises hereby mortgaged and no forbearance on the part of the Mortgagee, and no ex-
tension of the time fot the payment of the debt hereby secured given by the !1lottgagee shall operate to release,
'C discharge, modify, change or a(fect the original liability of the Mortgagor herein either in whole or in part.
! 6. The I~en of this deed secutes and shall continue to secute payment of said indebtedness or indebted-
~ ness, however evidenced, whether by said ptumissory note ot any renewal or extension thereof or substitute there-
E Cor, or otherM•~se, until all such indebtedness shall have bee~ fully paid.
t 7. /n the e~•ent rhe mortgagors sell, convey or transjer the mortgaged p~emises during the lije o( this n?ort-
s qaRe, then this mortgage shall: at the option oj the ,lfortRagee herein, become immediate/y due and poyable jor the
~ Jul! sum oj the pr~ncipa( 6a/ance and interest then due. .
~ 8. The terms "Mortgagor" and "Mortgagee" whenever used in thic instrument shall include the heirs,
~ personal representatives, successors and assigns of the respective parties hereto. VYhetever 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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~ S~ ed, seale d eli red i e presence of: ~ ~'r/L"' (_t'/UZ ~2 ~ (Seap
~ y
~ _ " (Seal)
~ l~ ~
~ , ' ~tcf=' J~i • c ' -st~-~~c-A
~ v
~ STATE OF FLORIDA I
~ j ,5
~ COUNTY OF~
~ ST ~UCIE
Be ore me personally appeared LILLIAN OWENS, an unmarried wo~nan,
~ to me well known and known to me to be the individuals described in and who eaecuted the fotegoing insttument,
and acknowledged before me that they executed the same for the purposes there~n expressed. WITNESS my hand
~:s and off~c~al seal in the County and State last aforesaid this 29th Day of September, 1973 ,
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x; `1y Commission Expires: June 3O i 1975 r Notary Public, State of Florid _ e'•;-:.~
~tLEp ANO RECO p '~r4~-~ = M = . ~ ~ _
~T. WCIE COUN~r~ELA• C - -
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ROGEQ POtTflAS ~ ~J :t. ` y
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$ - ~t 35 PN. 65~.32
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