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Our file 5-31,207 ;
tMs mw~~{a~e w aAr~ trans(e~ o( hUe w the ma~sa~ed pope~ly m exun~wsAa~eo~ ot the ~nde~eednesa .ecwrd Acreby, aU neh~. uUe '
•m1 ~me~eat u( tAe Nwt~a~ur ~n and to sny ~oswance poliues thee m torce sAsll psss to ~he purchaser w~weue.
(h) To pr~iwm. cumply ~r?~A and ab~de Sy esch •nd ere~Y lAe supulat~ons. s{~eements. cond~UOna and covenan~s ~n said prum~~so~y ~
note snd ~n th~Y derd aet fortA.
1 Tha! ~t any o( as~d sw~s o( a~oney here~n reterted to be no1 ptompllY a~d (o~~Y V~~d ~~~h~n f~heen Qays neat a(~er
the ssine severally becomes due and D~Y~ele,a if escA and every the al~pul~uons. ~~reements, co~wl~t~ons snd coveoams o( s~~d pros~s-
sory note and this deed, or e~ther. ~re nol fully pe~faieed. caspl~ed +r~th and ssided by, ~he +a~d auatate sum me~uoned m sa~d
paa~ssory nute shsll becaae due and psY~ble (o~thW~tA o~ tAereatter at tAe op~ion of tAe Ma~~a~te •a fully a~d complelely as d 1he
sa~d at[~eta~~ sum ot said promixaay oote W~s o~~t~nally supui~ted to be ps~d an sucA d~y. anyU~~nt ~n s~~d ptae~ssory note a ht~e~n
to the contnry notWi~hstsnd~nt.
V 1 That ~n wdu to accele~ste the ma~uniy of the indeb[edness hereby secured, pecause o( tAe (a~lure o( the Morts~~a eo psy aey ax.
assessment, lub~lity, obli~ation a encumbrance upon said praper~Y. as here~n provide~l. it shall not be necessary or reQu~si~e thst the
mort~a~ee shall f~rsl pay the saeK:.
2. The 1~lortgagee may. at his option, and without waiving his ri6ht to accelerate the indebtedness heteby
secured and ta forecluse the same, pay either before or _aftet delinquency any ~r all of those cettain obligatio~s
required by the terms hereof to be paid by the Mortga~or for the protection of the mcxtgaae secutity ot for the col-
lection of the indebtedness he~eby secuted. All sums so advanced dt paid by the Mortgagee shall be char~ed into
the moctgage accourtt and became an inte6ral part thereof, subject in all respects to the terms. eonditions, and
covenants of the afaresaid promissory note. and this mottgage~ as fully and to the same extent as thouah a part
a[ the otisinal indebtedness evidenced by said note and secured by this mottgage. excepting howevet. that said
sums shall be repaid the Mortgagee forthwith upon its demand and be in addition to the tegular monthly instali-
ments pravided by the mortgage note.
3. That the abstract or abstracts of title coverina the mortgaged property shall at all times, during the lite
of this mottgage. rcmain in possession o[ the Alortgagee and in event of th~ foreclosnre of this mottas6e ot other
transfer of title to the mortgaged property in extin`uishment of the indebtedness secured heteby, atl right. title
and interest of the 1Aurtgagor in and to any such abstracts ot title shall pass to the purcha~er ot 6rantee.
4. To the extent of the indebtedness of the Mortgagor to the Mortgagee described herein or secured hereby.
the ~lortgagee is hereby subrogated to the lien or liens and to the rights of the ownecs and holders thereof of each
and every mottgage, lien or other incumbtance on the land described hetein which is paid and/or satisCed, in
whole or in part, out of the proceeds of the loan described herein or secured hereby, and the tespective liens of
said mortgages, liens or other incumbcances, shatl be and the same and each of them heteby is presecved and shall
pass to and be held by the Mortgagee herein as security for the indebtedness to the Mortgagee herein desctibed
or hereby secured, to the same extent that it would~have been preserved and would have been passed to and been
held by the Alortgagee had it been duly and resularly assigned, transterred, set over. and delivered unto the Mort-
gagee by separate deed of assignment. notwithstanding the fact thal 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 ot record by the
holders thereof at or about the time ot the rocording ot this mortgage.
5. In the event the ownership of the mortgaged pte~nises, oc any part thereof. becomes vested in a person
other than the !Nortgasor. the 1Aortgagee may, without notice to the Mortgagor, deal with such successor or suc-
cessors in interest with reference to this deed and the debt hereby secured, in the same man~er as with the Mort-
gaaor without in any way vitiating or dischargins the Mortga6ot's liability hereunder or upon the debt hereby
secured. No sale of the premises hereby mortgaged and no forbearance on tht part of tht Mort6agee. and no ex-
tension of the time for the payment of the .debt hereby secured given by the Mortgagae ahall operate to release.
discharge. modify,_change or affect the original liability of the Mortgagor herein either in whole or in patt.
6. The tien of this deed secures and shall continue to secute payment o[ said indebtedness or indebted-
ness, however evidenced. whether by said promissory note or any renewal or extension thereof ot substitute there-
' for. ot otherwise, until atl such indebtedness shall have been fully paid.
7. /n the event the ?no~tgagors sell, convey or transjer the mortgeged p?ernises during the liJe of this rnort-
gage, then this mo~tgage shal/, at the option oj the Afortgagee he?ein. 6ecome inunediatety due and payable jor the
jult sum oj the principa! 6alance ared inte~est lhen due. _
~ 8. The tertns "Mortga6or" and "MortEagee" whenever used in this instn~ment shall include the heics.
pasonal representatives, successors and assi6ns of the respective patties hereto. Wherever used the sin6ular _
numbet shall include the plural and the plural the singular. and the use of any gender shall include all genders.
Sign , s n esence of: Hi3 (~T" ) Mark (Seaq
. • p o ~ir er G~~~-ti
~Seap -
R on a rc er
}1~• (
STATE OF FLORIDA
ss
COUNTY OF
ST . LITaI~
ee[ore me personalty appeared JOE ARCHER and REDONIA ARCHER, his wife ~
to me well known and known to me to be the individua{s described in and who executed the fore6oina insuument.
and acknowledged before me that they executed the same for the purposes there~n expressed. WITNESS my,h,~as~-~~;::;_
-z; . .
and official seal in the County and State last aforesaid this 9th Day of November 1974 '.~;~„'r,,.=:
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~ly Commission Expires: June 30, 1975 Notary Pnblic, ate of ida =
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