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~A~s ~t~~~e a o~Asr u~A~fs~ 01 ~~~M ~o ~M ~y~as1 ~r~Krty u~ suuK~aMt~l W ~Ae ~MNts~nefa at:wed Attes~, •11 n~M. ~~~Is
~sd u~a~~~ 01 ~AS Ma~~a{~x u aM a~~y u~aw~~ee pi~c~~~ ~wt~ feres sA~ll M~s te ~Ae w~c~ue~ a~an~se.
IA) To ~e~(a~, cuqly ~r~tA ~N ~~~s ?r e~cA ~M svsrr us s~~wlaue~s. yrse~e~u. coM~ao~s ~~N eovsnse~s a~~1 ~ruw~ssay
~ou ~d u~s ~ed st~ /aU. ~ i
1 TU~~ i/ ~sr o1 s~~~ awu o1 wo~ey ~sre~~ ttf~ttea 1e ?e nw ~ewNly ~~d t~lly N~ ~~~A~A ~~hesn.dsr~ ee~i ~I~~r ~
1Ae s~~s seversllr kcowss ~Ye uM Ny~?It.~r ~t t~cA ~M evt~y d~e st~wl~l~eM. a{rte~sa~s. cone~~~o~s ~M ce~sa~~n~ ~f s~N rro.~~-
•erY uste ~M lA~s dse0. a euAer. s~s aw f~11Y N~~*~a. co~1~sA ~~tA ~M ~~~AN ?y. tAe s~~0 s~re~a~e s~w weiu~a~e0 a~~1
Orew~~~ar ~o~e ~Aall ~seowe dre ~e0 oayHle fa~A~uA a ~Aeruf~er ~t U~e o~~~oe ot ~Ae 11or~~a~ee ss tu1tY aM cosoletely ~s ~t ~Ae
s~~1 ~~e~aie sw of sud ~ea~~~•ay ~ae •~s a~~~~ully •a~1~tN te re oe sreA a~Y. aayU~n~ ~e s~~0 ~e~~saay ~~~e a Ae~e~e
~o ~As cenbuY ~o~.~tASUM~µ. .
~ i Tu,~ o.r.< <o seee~e~.« ..~~~~~r or u~s ~~e~.a~..s ~«<~r •«w~~. kc~we o/ the ta~l~re of ihe Ma~~s~a ~o o~Y any ua,
asae~sweat~ h~~~6tr. e~?h~~uoe e~ encw~M~~ce ~oon sa~~ ~rePs~tr. ~i Asrsin ~ren~sA. sAsll eot ?e st.es•uy a ~e~~s~~e ~h~~ Me
~ati~~es sAall /~rst Nr tAe s~~t. -
2. The !Nott~a~ee may. at his option. and without Waivin~ his ti~ht to acceler~te the indebtedness he~eby
securcd and to faeclose the same, pay either befo~e or aRer delinquency any or ali of those certain obli~aaons
reqwred by the terms hereo~ to be psid by the Mort~a~or tor the protection of the enc+re~a~e secu~i~y or for the col-
lection of the iodebtedne:s hereby secured. All sums so advanced or paid by ths Nortsa~ee shall be chu~ed into
the mott~a=e account anJ become an inte~ral patt thereof. sueject in ali respects to the terms, cond~tions, aod
covensnts of the afcxesaid ptomissory note. and this mott~a~e. as futly and to the same eateet ss thou~h s part
af the ori~mal indebtedness ev~denced by said note and secuted by this mott~a~e. exceptin~ howevet. that sa~d
sums shail be repaid the Mortsa~ee fotthwith upon its dem~nd and be in addition ta the re~ulu monthly tnstall-
ments provided by the matt~a~e note. '
3. "That the abst~act a absuscts o( title covefin~ the nMtt~s~ed pcopetty shall st all times. dwin~ the life
of this mort~a~e, iemain in possession of the Mott~a~ee and in event of the toreclosute o[ this mott~a~e or other
transfer of ~itle to the mort~ased propetty in extin~ui:hment o( the indebtedness secured hereby. all ri~ht. title
and interest of the Moct~a~or in and to any such abstracts of title shall pass to the purchaser or =nntee.
4. To the extent of the indebtedness of the Mon~a~or to the Mort~s~ee described hecein or securod heceby.
thc Mort~s~ee is hereby :ubro~ated to the lian ot lie~s snd to the ~i~hts of the ownets and holdet• thereof of each
aed every mort~a~e, liee or otber inewnMa~ce on the Isnd desctibed herei~ which is paid ~nd!or :atisCed. in
whole or in part, out of the proceeds o( the loan described herein or :ecwed hereDy. and the.respective liens ot
said mort~a~es. liena ot other incumbianees. shall be and the saene and euh ot them hereby is prose~ved and shall
pa~s to and be held by the Mort~a~ee herein as security for the indebtedness to the Mort~a~ee herein desctibed
or hereby secured. to the same extent ~that it would have bean preserved and ~vould have been psssed to and been
held by the !Non~a~ee had it been dnly snd resululy ~ssi~ned. ttansteaed. set over. and dclivered u~to the Mort-
fa~ee by sepsrate deed of assi~nment. notMithstandina thc tact that the •sme may be satisfied and cancelled of
record. it bein~ the i~tent~oe of the parties he~eto that the same will be satisC~ed snd cancelled of record by the.
holdets thereof at or about the time of the iecotdiR~ of thi: mottiaae. .
S.r(n the event the ownetship of the nwrt~a~ed premises. at any put thereof. becomes vested in a person ~
other than the Mori~a~or. the AAortsa~ee may. Mitlwut notice to the Mort~a~ot. deal with such successor o~ suc-
cessas in intetest with rcfetence to this deed snd the debt heteby secured. in the same manner ss with the A1ort-
~aior without in any way vitiatin~ ot dischar~in~ the Mort~afa's li~bility heceunder or upon the debt hereby
secured. No ssle of the premises heteby mon~a~ed and no [otbeatance on the put of the Mort~a~ee. and no ex-
tension of the time for the payment of the deet heteby secured ~iven by the Mort~a~ee shall operate to release,
dischar~e, modify. chsn~e ot sifect the ori~insl liability ot the Mort~asor hetein either ~n whole or in psrt.
6. The lien of this deed se~utes and shsll continue to tecure payment o( said indebtedness or ~ndebted-
ness. however evidenced, whether by said pranissory note or any renewal or extension thereo( or substitute there• +
for. or otherwise. until all such indebtedness shall have beee fully paid. ~
E 7. /n tke event the ~ortsasas self~ convey or tra~sjtr the ~onjased pen~ises durin` the IiJe oJ tl~is wort-
~ sa~e, then tbis ~no?tsote shal/. ot the option oJ tlre Alortsa~ee herein. 6eco,~e inunedietely d~ee and payabfe jor the ~
; jull sws oJ the principa! balonce m~d intenst then dut. ~
~ a. The temns "Mott~a~ot" aed "Mat~a~ee" M?hen~ver used in thi~ instcument shall include the heirs, ;
pasonsl tepresentativzs. successas and assi~ns of the respective puties beteto. Wherever used the sin~ular ;
number shsll include the plural and the plural the sin~ulu. and the use oi any =ender shall include all ~enders. ~
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i~ned. seal and de vered in the presence of: (Seaq ;
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~Seap ;
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STATE OF FLORIDA
couN't'tr oF ~ ss LEE PHILLIPS and IOIA MAE PHILLIPS his wife ~
S B~rio
e~~
Pcr:o~auy spa.rea formerly known gs IALA MAE (700PEEt ~ ~
to me well known and known to n~e to be ths individuals described in :nd who executed the foresoin~ ~nsuumen~, i
and acknowled~ed be~ore me that they e:ecuted the same for the purposes there~n expresssd. WITNESS my hand '
si.d off~cul seil in the County and State last aforesaid this 29th D8y of July, 1977.
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~Ir Canmission Eapires: . June 30, 1979 Notuy Public. ate of ~
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p~ ~1~ Qoox 272 PAGE 515
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