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Aa wa~p~s ur oeAsr ~ns~/a o! p11t W tht wen+aaN Me~sr?y u~ sal~w~~~shweat o~ ~As ~ndt0udeess at:wsA Aeresf. •11 ~ule ;
s~d ~et~tt~t of ~At Mery,yw ~w aiN te aay ~wiw~~es phc~ss ~AS~ ~a face sA~ll Mu ~e ~As ~uicA~ui a arsn~ea -
(A) To ~s~taw, cuwolr +r~U~ ~M ~?~de ~y t~oA ~ud evs~y iYs ~~~wl~~~o~~. ~~ese~esu. coM~~io~s sM cov~~~~~s ..~a ~~w.~.awy
~w1e and u~~s deN se~ (atA.
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1A~1 d~ny o( sa~~ iwu o( woueY here~n refsned to !e eo~o~ytly ~nd (ulir p~ ~uA~n /~hten daYs wsat al~s~ ~
IA~ sa~s ssvenllr lecowes dYe ~M Ny~sle, a d s~cA sM eve~y ihe s~~prl~t~ons. ~~~eewen~s. caW ~uons aM cov~n~n~s of s~~ /~o~~s• ~
saY ~~e aM ~A~s deeA. a e~~Aer~ ~rs no~ t~lly oe~ta~sd. cow~luA ~r~~A iad a~~dcA sY. ~Ae .a~d aKre~a~e s~+w ~eauone~ i~
po~~ssa~ eo~e sAail bscowe dre an0 osyasle fael~.~iA a ~Aasalter ~i Ms oP~~ou of ~Ae 1~lor~~s~ee as (~Ily se0 cowole~elr sa ~f tAe x
s~~1 ~~ve~~~e aw~ W s~~d ~eo~~Fao~Y ~o~~ r~f Of1~lO~IIY fl10YI~IfA ~o se pa~d an sreA l~r. anY~~n~ ~n s~~d ~aw~ssorY po~e a Aert~s i
to ~Ae contr~rr ao~.uASt~M~~{. ~
1 TAs~ ~n oraer ~o acceler~~s tAe matut~~y of tAe ~ndebttdnesa ~ereAy secured. esc~ws of Uie taN~~e o! ~I~e Ma~~a~a ~o NY a~y us. ~
staeaswent. I~alil~~Y. oYly~t~on a tncusM~ett upon s~~d OreOerlr. ~s ~ere~n ~ov~dsd. u shsll no1 se ss.es•ary a re0u~sue M~~ tAe
wa~~stee sA~ll fust oay tAs sawe. ~
2. The !Nott~a~ee msy, at h~s opt~on. and without wa~vin~ his ti~ht to accelecate the indebtedness hereby
secured and to foreclose the sune, pay eithet before ot after delinquency sny or all of thase certain obli~ations i
rtqu~red b the terms heteof to be aid b the Mott a ot for the t
y p y ~ ~ procection of the mnrt=ase security w fot tAe col-
tection of the indebtedntss hereby secured. All sums so sdvanced or paid by the Nort~a~ee shall be chat~ed into :
the martaase account anJ become an inte~ral part thereof. subject in all respects to the terms, cond~tions, and ~
covenants of the afatesaid ptom~ssory note. and this mott~a~e. as fully and to the sune extent as thou~h a part ~
of the ori~inal indebtedncss ev~denced by said note ~ed :ecured by this mort~a~e, exceptin~ however. that said
suma shall be repa~d the Mort~a~ee fotthwith upon its dem~nd and be in addition to tAe retulat monthly ~nstal!-
ments provided by the mort~+~~e note.
J. That the abstrset or sbsiracts of titte coverin= the rix+rt~a~ed property shall at all tinees. dutin~ the life
of th~c mottta~e, remain in pc+ssession of the Mort~a~ec and in event of the foreclosure of this mort~a~e or ether
uansfer o( title to the mott~a~ed property in extinsuishment of the indebtedness secured hereby. all ti=ht, title
and ~nterest of the Mott~+~~a in and to any such abstraets of title shalt p~:s to the purcAa~er ot ~rantae.
4. To tfie extent of the indebtedness of the Mort~a~ot to the Mort~a~ee described herein or secwed hereby.
the Mott~a~ee ~a htreby subro~ated to the lien or liens and to the rijhts oi the owners and holders thereof of each ~
and every mortsase, lien or other incumbrance on the land described hetein which is paid and.'or :ati:Ced. in ~
whote or in part, out of the proceeds of the loan described hcrein ot securod hereby. and the respective liens of
said mort~s~es, liens or other ~ncumbraeces, shall be and the same and esch of them heroby is preserved and shtit ~
pa~s to aod be held by ~he AAort~a~ee herein as security for the indebtedness to the Mort~a~ee herein desctibed
or hereby secured, to the same e:tent that it would have been pteserved and wonld hare been passed to ~nd been
held br the'11art~a~ec hsd i~ been duty and te~ululy assi~ned, uansteaed. set ove~. and delivered unto che Mort•
~a=ee by sepatate deed ~of assi~nment. notMithstu~dinf the tact that the same may be satisfied and cancetled of ~
record. it bein~ the mtenuon of the puties hereto that the same will be satisfied and cancelled of record by the ~
holders thereof at ot about the time ot the recordin~ of this mort~ase.. ~
S. in the event the ownership ot the mott~a~ad prcmises. a any put thereot. becomes vested in s person
ather than the Mort~a~or. the 1~1o?t~a~ee msy, witbout notice to the Mortjajot. deal ~ith such successor or suc• ~
eessors in interest with reference to this deed and the debt heteby secured. in the same manne~ as with the A1ort- ~
~a~or without in any way vit~atie~ or dischar~in~ the Mort~a~ot's liability hereunder or upon the debt hereby
secured. No sale of the preenises heteby mort~a~ed and no (abeatsnce on the patt of the Mort~a~ee. snd no ex-
iension of the time for the payment ot the debt heresy secured tiven by the Mort~a~ee shal! operate to relesse.
discha~~e, mod~fy, chan~e or affeci the oti~~na) liability of the Mott=asot herein either ~n whole or in patt. ~ ~
6. The lien of this deed secures and shall continue to secure payment of said indebtedness or ~ndebted•
ness. however ev~denced. whethet by said promissory note ot any reaewal ot extsnsion thereof or substitute there-
for. or otherw~se. until all such indebtedness shall have been [ully paid.
7. In the evenr t6e n~ortQasors se!!. convey or transjtr the mort~Qsed prentists dttring !he liJe oJ tltis wo~~-
~o~e, then this ~nort`ajt sholl, ot the optio~ o/ the Alo~tgasee htrein, beco,Ae irwn~ediotely due aiQ poya6lc Jor ~he
Jul! swn oJ the principa/ bo/anct and inteast then due.
8. The letms "Mott~a~or" and "Mort~a~ee" whenever used in thia ~nsttument shall include the heirs, 4
personal ~epresentativ~s~ successots and assi~ns o[ the respective puties hereto. Wherever used the sin~ular {
number shall include the plu~al and the plural the sin~ular, and the usc of any fender shall include all senders. ~
s
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Si ned. ssaled and deliv ed ,n th presence of:
(Ses11 '
,
~ eall
~ ' =T. ~YC1E COUNTY flA.
. ROCER POItRAS '
1 CI.ERR CfpCU1T COUR ;
STATE OF RLORIDA 1 p~''~Q~ VEP.~FlED 3~~8
COUN~ O j s s ~
ST.L~C~ ~ SEP Z~ Ol
Before me personally aQQeared~GENE WILLIAM$ 8ud FRANCES PEARL WILLIAM.S, his wife,
lo me well known and known to me to be the individusls desctibed in and who executed the (ore~oin~ insuwnent.
and acknowled~ed betore me that they executed the same for the purposes there~n esptessed. WITNESS my hand
and offic~al seal ~n the County and State last atotesaid this 29ti1 D8~ of August, 1977.
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~Ay Comm~ssion Expires: Juile 30, 1979 Notary Public. St~'~QJ~ ~ 8t r ;
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