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iA~s wo~~~~~e a o~A~. ~a~~1a ol ~~~le tu ~M wa<<~aH Ko~e~~y ~s esun~u~sAwen~ o~ ~Ae ~ndesudness •e.~~~0 ~cree). •11 ~~~h~. ~~~le
~~0 ~~~~~eat of Mt Ma~{~~w ~M ~e ~~y ~~aw~~ce pl~t~t~ ~hen ~n fact sA~ll M~a to ~As ?wc~~se~ a ~~~n~ee.
(A1 To ~a(as, cuw~P1Y ~M •~~~s ?y e~cA •~d every tAt ~~~pil~l~oni. ~aressents. cab~~~ons aed co~ena~~s ~e s~~0 Pruw~sawy
no~s snd ~n tAu dsa0 st~ fa~A.
Q/ TA~1 d~ny of r~~~ ~w~u ot wW~ey Aere~e referted to Se eot pto~pUy ~ed tully ~~~A ~~~Mn hAeee lays neu afts~
ths a~u~t ssvcr~lly secows~ ~ue ~M O~r~sle.a ~f s~cA ~aA evsry ~he a~~p~l~i~oas. ~~~se~en~s. cono~i~au aM corenana ot s~~A po~~s.
say note ~nd tA~s detd. a euAer, ~r~ eot fully oerta~ed. coa~0lud +~tA and as~dsd sy, ~he .a~d aure~a~e sws aieni~oneA ~n s~~A
pow~sswY noit aAall lseoss drs ~eW p~Y~blt (wlAr~lA a ~Aere~fu~ •t iAe oq~~on of ~Ac Mw~~~~ee ss fully and co~Pie~c1Y as ~t iAe
s~~d •«rt~~~~ aw~ d s~~d ~ae~~aar nots ~r~i a~{~n~11Y •~~pulattA ~o se oa~d on sucA d~Y. aayiA~n~ m s~~d ~amssaY no~e a Aere~n
to ~Ae canuuy eot~r~~ASt~eO~e{.
) TAa~ ~n ada ~o ~ce~ler~te ~Ae ar~ur~~y ot tAs ~u0eetsdneas Attesy setrteA, bec~uae ol tAe f~~l~rt o( ~At M«i~a~a ~o oiy ~ny ua,
ssssssweet, I~~e~l~ty, o~l~~~t~on a encusl~~nce uoon s~~A p~epe~tY. •s Aere~n pov~Aed. sAall no~ be ee.es~a~y a rcau~s~u th~~ Me
~a~~~~ee sh~ll f~rs~ Ny tAt sa~e.
2. The \Aott~a~ee may, at his opt~on. and without wa~vi~~ his t~~ht to accelerate the indebtedness hereby
secured and to foreclose the same, psy eithet be(ore ot after delinqueecy any or ail of those cetta~n obl~~at~ons
required by the tetms hereof to be paid by the Nott~a~ot fot the ptotection of the me+rt~a~e secutity ot for the col-
lection ot the indebtedness hereby secured. All sums so advanced or pa~d by the Nortsaaee shall be char~ed ~nto
the mort~a`e account anJ become ~n inte~~al part thereof. sub~ect ~n all respects to the terms, cond~uoes, and
covenants of the a[~xesaid prom~ssory eote. and this mort~ate. as fully and to the same estent as thou~h a part
of the ori~~nal indebtedness evidenced by said note and secuted ~y this mort~a~e, exceptin~ however, that sa~d
sums shall be repaid the Mort~a~ee fotthwith upon its demand and be io addition to the ~e~ular monthly ~nstall-
ments provided by the mat~a~e eote.
3. That the abstract or absuacts of title covetin~ the nMrt~aaed propecty shall at all times, dur~n~ the life
of this mottga`e, remain in possess~on of the Morteajee and in event of the torcclosure of this ir:ort~aae or other
transfer of utle to the mott~a~ed ptoperty in extin~uishment of the indebtedness secuted hereby. all n~ht, t~tle
and interest of the Murt~s~or in and to any such abstrtcts of title shafl pass to the purchaser or `rantee.
4. To the extent o[ the indebtedeess of the Mort~a~or to the Mort~a~ee described here~n or secured hereby.
the Mottta~ee ~s hereby subro`ated to the lien ot liens and to tht ~~~hts of the owners and holders thereof ofi esch
and tvery mort~a~e, I~en or othet incumbrance on the land desctibed herein which ~s paid ~tnd.'or satis(ied, in
whole or in part, out of the proceeds of the loan described herein ot secured hereby, and the respective liens of
said mortea~es, liens or other incumbta~ces, shall be arid the same and each of them heteby is preserved and shall
pass to and be held by the Mott~a~ee "here~n as security for the indebtednes: to the Mort`a`ee herein desctibed -
or hereby secured, to the same extent that it would have been preserved and ~rould have been paased to and been
held by the !Nort~aiee had it been duly and re~ululy assi~ned. transfeaed. :et over. and delivered unto the Mo~t-
~a~ee by separate deed of assianment, notwithstand~n~ thc fact that the same may be satisfied and cancelled of
record, it be~n` the mtention of the patties hereto that the same will be satisfied and cancelled of tecord by the
holders thereof at ot about the t~me of tht tecordin~ of th~s mort~a~e.
S. ln the event the ownership of the mort~a~ed premises, or any part thereof, becomes vested in a person
other thsn the Mott~a~or. the 1Aort~a~ee may, without notice to the Mott~a~or. deal with such successor or suc-
cessors in intetest with refetence to this deed snd the debt heteby secured. in the same manner as with the Mort-
~a~or without in any waq v~t~stin~ or discharfin~ the Moct~a~ot'a liability heteunder or upon the debt hereby
secured. No sale of the ptemises hereby mort~ated and no torbeutnce on the part of the Mort~a~ee. snd no ex-
tension of the time for the psymeet of the debt hereby securcd ~iven by the Mort`a~ee shall operate to release,
dischar`e. modify. chan~e ar atfect the ori~~nal liability of the Mort~a~or herein either ~n whole or in part.
6. The lien of this deed secures and shsll continue to secure payment oi said indebtedness or indebted-
ness, however evidenced. whether by said promissory note or any renewal or eatension thereof or subsuwte there-
f [or. or othetw~se, until all such indebtedness shall have been fully paid.
~ 1. In the event ~he ~nort~a~a?s stll. convey or transjtr tht mo~~gaged pran~ses dur~ng tht lijt oJ this nio?t-
~ gege, thtn this n~ort~oQt sholl, at tht opeion oj tht Aforfgag« htrtin, becon~r nn~nediately du~ and payn6le Jor tht
~ ju/l sun~ oj the pr~ncipat belance ond interes~ then due.
~ 8. The tetms "Mott~a~ot" and "Mort~a~ee" when~vet used in thic instrument shall include the heirs,
~ personal representativet, successors and assi~ns of the respective parties hereto. 1lVherever used the s~n~ular
. number shall include the plunl and the plural the s~nsular, ~nd the use of any ~ender shall include all `enders.
~ ned. al a delive d in the presence of: (Seal)
~ ~Seal)
~ STATE OF FLORIDA ~
c3T
T LUC~ ~ ss
~ Before me personally aP~ared SAMUEL H. BORGESI, an unmarried man,
~ to me well known and tcnown to me to be tht individwls described in and who executed the fore~oin~ ~nstrument.
~ and acknowled~ed before me that they executed the same for the purposes there~n ressed. WITNESS my Asnd
~ and officul seal ~n ~he County and State last afotesaid th~s 30th Day Ap 11, 1977..,~~~"""•J~:
~ -
~ . ~
~ i. - ~~G;
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~ June 30, 1979 Flor' ' e
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m m ~ s s ~ o n E x p ~ r e s: N o t a ry P u b ~ c. S t a t e o f - g _
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~ aoox ~ P~~E 5