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Our file 5-34,156
~h~s nµx~~a~e u~ o~he~ tans(a ot t~tle w the ewrtsa~ed property ~n e~un~u~shwen~ ot tAe indebtedntss ~ecwcd heu~y, ~II r~~h~, u~le
snd mtertsl o( the Ma~~asw ~n and to sny inswance polic~es ~hen ~n toae shsll pau to the Dwchsser or ~ranue.
(h) To perian~, tumD~Y +~~~A anQ ah~de by eacA and ere~y tAe stipulN~a~s, •peemeats, cond~~~ons snd coven~ms ~n sa~d prwe~ssay_
no~e and ~n thu deed sel torth.
) TA~t d any of sa~d sue~.s ot ~uoiuy he~em re(etted to bt not ptomptly and tully pa~d +•~~h~n hfteen days otal st~a
the ssmc seve~sl3y becom~s due and paYable,or ~f e~ch and every tAe st~pul~i~ons, a~reee~enis, cond~lions sod covcnants of sa~d plonus-
say note •nd tAls deea, o~ e~ther, are not (ulhr pertoroed. cosplied +r~th and as~ded sy. ihe sa~d skrepte sum a?eeua?ed m ss~d
pran~ssay note shall becooe due ae~ paYable fe~~hw~th w the~e~tter at the optioa of tAe Norl~ssee as tuliy snd completely as it the
s,~a o~~~s.~~ ~w. or s•+a a«a~x~«y ~ou Was a~pn~lly supul~ted to se pa~d oe sucA.d~y. anYtA~et ~n ss~d pas~aswy oote or Aea~n
to ~he com~sry eo~+ri~hslsnd~ns.
(p ) Tha~ ~n orda to accelerate t1e mawn~y ot the indebtedness hereby secured, sec~use o! the fa~lure o( the Moeti~ta ~a D~Y anY
asse`sment, 6a6?1~ty, obl~~auon iv encumbrsnce upon sud prapc~ty, as herem prov~ded. shal) not be necessuy w repws~~e that the
mwt~s~ee shsll fust psY tAe saaie.
The ~lortgagee may, at his option, and without waiving his ri~ht to accelerate the indebtedness fieteby
secured and ta foreclose the same, pay either before or after delinquency any or al! of those cettain obligations
required by the terms hereof to be paid by the ~lottga~ot for the protection of the mortga~e secucity ot for the col-
lection af the sndebtedness he~eby secured. All sums so advanced or paid by the !Nortgagee shall be charged ioto
the mortgagr account anJ become an integral part theteof. subject in all respects to the terms, conditions. and _
covenants of the aforesaid promissory note. a~d this mortgage. as fully and to the same extent as thoush.a ps~--
of the ori~inal indebtednsss evidenced by said note and secured by ~his moreaaac, excepting however,- that said
~ums shall be repaid the hlottgagee fotthwith upon its demand and be in addition to the cegulat monthly install-
ments provided by_the mortgage note.
3. That the abstract or abstracts of title coverieg the mortga6ed propetty shall at atl tim~s. durin6 the life
of this mortgage, remain in possession of the Mattga6ee and in event of the foreclosure~ o[ this mortga6e or other
transfe~ of titie to the mortgaged property in extinguishment of the indebtednass secured hereby, all right. title
' and interest of the Nortgagor in and to any such abstracts of title shall pass to the purchaser ot grantee.
4. To the eatent of the. indcbtedness of the Mort~agor to the Mortaasee described herein or secuced he~eby.
the ~lortgagee is hereby subrogated to the lien or liens and to ihe ri~hts of the owners snd holders thereof of each
and every mortga6e, lien or other iACUmbrance on the_ Iand described herein which is paid andlor satisfied, in
wfiole or in_ part, out of the proceeds of the loan described herein or sec~re~ hereby, and the respective liens of
said moctgages, liens or othet incumbcances, shall be and the same and each of them hereby is preserved and shall
~ pass to and be held by the Mortgagee herein as security [or the indebtedness to the Mortgagee herein described
or hereby secured, to the same extent that it wouid have been pteserved and would have been passed to and been
held by the !~lortgagee had it been duly and regularly assigned, Uansferred, set over. and delivered unio the Mort-
gagee by separate deed of assignment. notwithstanding the fact that the same may be satisfied and cancelled of
record. it beinE the ~ntention of the puties hereto that tf~e same will be satis~ed and cancelled of recotd by the
holdets thereof at or about the time oC the recording oP this mortgage. ~
S. [n the event the ownership ot the mortgaged premises, or any part thereof. becomes vested in a person
other than the ~lortga6or. the Noctgagee may, without notice to the Mortga~or, deal with such ~uccessor or.suc-
cessors in interesc with refetence to this deed and the debt hereby secured, in the same manner as with the Mort- -
gasor without in any way vitiatins or discharging the Mortgagor's liability hereunder or upon the debt hereby
secured. No sale of the premises hereby mortgaged and no [orbeuance on the part of the.Mott6agee. and no ex-
tension of the time for the payment of the debt heteby secured given by the Mortgagee shall operate to releaso.
discharge. modify. change or aifect the ori~inal liability of the Mortgagor hetein eithet in whole or ia put.
6. The lien ot this deed secures and shatl continue to secure payment o[ said indebtedness or indebted-
ness, however evidenced. whether~by said promissory note or any renewal or extension theceof or substitute there-
for. or otherwise, until all such indebtedness shall have bee~ fully paid. _
7. ?n ~he event the mo~tgegors sell, coavey or transjer the mo~tgaged p~emises during the lije oj this mort-
gage, then this mortgage shall, at the op~ion oJ the Afort~agee herein. become in~mediately due and payable jor the
jull sum oJ the p~incipal botanee and interest then due.
8. The tertns "Mortga6or" and "Mottgagee" whenever ussd in ihis instrument shall include the heits,
~ personal representativ~~, successors and assigns o[ the respective pazties hereto. Wherevet used the singular
number shall includc~l,~le plural and the plural the singular, and the use of any gender shall include all genders. ~
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Signcd sea,led a ' cr d in the esence of: eal) _
.,n p ~C~. ~ (SeaU
y~ ST.l1}C~' "::~;iRAS ~ ~
~~A~ ar..G~ ~ . ` ,s CauRY
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STATE OF FLORtDA ~ rr Q? p~ ~ 16
COUNTY OF~(~R ( SS. f~e 2~
sT . LuciE '
~ Befor~ me personally appeared BARB~IRL~ .J. T~MLZNSOI` ~ an . unmarrie ~
~ to me well kr~own and known to me to be the individuals described in and who executed the fosegoin6 instrument, ,
and acknowledged before me that they eaecuted the samt for the purposes there~n expressed. WITNESS my hand
and off~c~al seal in the County and State last aforesaid this 20th Day of February 1976.
-~~~1.Z ~ ~ `l~". .
June 30, 1979 ~ ~ ~ ` ~or.ida at e
Ny~Commission Expires: Notary Pa~1iE, S,t~t~~~=~:
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