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~~~••••~a•ae w oi~sr u~~~le~ of ~~il~ lu ~Ue w~t~~aN ~r~0er~y IA tf1111eY1lhAtlll o~ ~As ~ndtetedets~ ~t.u~td Ae~te>. all ~~~h~, ~~~le
•M ~~~t~et~ of Me Ila~~yw ~w/ t~ a~Y ~Mrr~qct pl~t~t~ ~AS~ ~a (atf sA~ll M~~ te ~he ~wcA~~s~ o. ~r~n~ee.
te KfIN1A~ cu~ly +r~tA aM •?~e ?r e~cA ~~A e~err U~ ~~~wl~~~ee~. ~~ecwseis. cenl~uons aM covenan~s rs s~~d Orwusso~r
uo~s aud ~w ~A~s Iee~ se~ Ia~A.
i TA~I ~1 ~eY of s~~f ~wus M ww~ay As~t~s rslerted lo ?t no1 otawpUr aM lupy N~~ ~~~A,n hl~ee~ ~~yt as~~ sl~e~ i
the s~we ieverNly Yscow~~ ~ue ~a/ o~YiAle.a ~f euA ~M evsry tAe s~~pd~uoes. ~~~eewen~s. cond~uoni aM coren~e~s of su0 ~ow~~- ;
sar ue~e and ~A~a Aesd. a euAer. ~rs ne~ fr11Y ~e~fawsd. co~t~sd ~r~~A ~sd ~!?dcd by, ~Ae .a~d s{src~a~e su~ u~e~t~on~A ~n •a~d )
prow,siar wo~e sA~ll leeawe d~e aW yaY~ble fartA~uh a tAe~e~(ter ~e ~Ae o~uow ot tAe Mor~~s{ee •s ~~~iy sue co~.oie~eir •s d ~Ae i
s~~~ a{~t~s~e sw~ o~ s~~d ~onn~awy nots ~r~s a~~~e~lly ~t~Pul~teA to ?e ~ai~ on src\ d~y. anytA~n~ in s~~d ~o~~ssaY no~e a Aereie
~o ~he co~~r~ry ee~.,~~hs~~M~n~.
i TAa~ ~e aAe~ to acesttr~te tAt ~tu~~ey of twe nWebtedne~s Ae~tey aecwel, pecs~at ol ths fs?Iurc ot tAt Mai~a~w to D+~f ~~Y
asseaswen~, lul~INY. obh~~hon o~ encwnM~ace ~poe s~~A peper~y, as Aere~n pov~Osd. shall eot be esces•ary a reauu~u ~h~~ ~Ae
ma~~a{ee sh~ll fust py iAe aa~e.
2. The Mort~a~ee may, at h~s opt~on. snd without wa~vin~ hi: ri~ht to accelerate the indebcedness hereby t
secured and to foreciose 1he same, pay either betore ot after detinquency any or a!1 ef those eerta~n obl;jauons ~
reqwred by tfie terms hereof to be paid Sy the Mott~a~or for ~he pro~ection of the nx?rt=ase security o~ for the col-
lection of the indebtedness hereby secured. All sums so advanced ot paid by the !Nort~a~ee shall be char~ed into
_ lhe mo~t`a~e account and become an inte~ral part t~eceof. subject in all reapects to the terms, cond~t~ons, and
covenants of the~a(cxesaid promisso~y note. aed this mott~a~e. as fully and to th~ same estent ~s thou~h a part
nf the ori~~nal indebtedness evidenced by s~id note ~nd secured by this mort~a~e, ezceptin~ however, that sa~d
sums shali be ropaid the Mott~a~ee forthwith upon its demand and be in addition to the reaular monthly ~nstsll-
ments provided by the mort~sse note.
3. That the sbstract or abstracts o[ title coverin~ the mc~rt~a~ed property shail at all times, durin~ the life
of th~s mc~tt~a~e, remain in pc+ssess~on of the Mott~a~ee and in event of the foreclosute of lhis mort=ase ot o~her '
transfer af t~lle to ~he mott~s~ed praper~y in eatin~uishment ot the inde6tedneas secured hereby. aii ri~ht, t~tle
and mteresi of the !N.xt~a=or in and to anr sucA absnacts of title ahtll pacs to the purchaser or ~nntee. ;
4. To the extent ot the indebtedness of the Mort~a~or to the Mon~~see described hetein or secnred heteby. ;
the Mort~ssee ~s hereby subro=sted to the lien ot liens and to the ri~hts ot the ownets snd holders thereof ot each
and every mort~a~e, lien ot other incumbtance on the Isnd desctibed herein which is paid and!ot satis[ied. in
whole ot in part, out of the ptoceeds of the loan described herein or secured hereby. and the respective liens of
said mort~a~es. liens or other incumMances, shall be and the s~me snd each ot them hereby is prcserved and shall
pacs to and be held by the Mort~a~ee Aere~n ss secu~ity for the indebtedness to ~he Mon~saee herein described
or hereby secured, to the same extenl th~t it would have been preserved and would have been psssed to and been
held by the Nortsa=ee had it bsen duly and re~ularly assi~ned. uan:fetted. set over. and delivered unto the Mort-
~a~re by separate deed of assi~nment. notwithstandin~ the tact that the s~me may be satisf~ed and cancelled of
record. it be~n~ the intent~on o( the patlies heteto that the same will be satitfied and cancelled of recad by the
holders thereof at or about the time of the recordin~ of this mort~a~e.
S. In the event the ownership of the mortja~ed premises. a any patt tAereof. becomes vested in a persan
'othe~ than the Moitis~or. the 1~lortsasee may, without notice to the Mort~a~or, deal with such successor or suc-
cessors in interest with ~eterence to thia deed and the debt hereby secured. in the same msnne~ as with the Mort-
~a~or w~thout in any way r~t~atin~ ot dischar~in~ the Mott~a~or's liability hereunder or upon the debt hereby
secured. No sale of the prem~ses heteby mort~a~ed and no forbeatance on the patt of the Mort~a~ee, and no ex-
~ension of the time for the payment of the debt hereby secuted =iven by the ylort~i~ee ahall opente to release, ~
d,schar~e, mod~fy, chan~e a alfect the orif~nal liability of the Mortfa~ot herein e~ther ~n whole or m patt.
6. The I~en nf this deed secures and :hall cont~nue to secure payment o( said indebtedness or ~ndebted-
` ness, however ev~denced, whethet by said ptomistoty note ot any renewal or extension thereof or subsutute there-
(or, or otherwise, until all such indebtedness shalt have been tully paid.
7. !n the event rh~ ~nortgQ~ors se11, convty or transjtr tkt nrort~a:ed pit~nises dv~inr Ibe IiJt oJ this ~o?t-
~QRe, tben this n~or~`ose sl~oll, a~ tbe option oj tht Afortgag~e he?ein, beca,~e inu~edieeely due and payuble Jo? ~he
julf sw~ oJ the pnncipat balance and inttrest ~hen dut.
8. The tertns "Mott~a~ot" and "Mort~~~ee" whenCve~ used in thic ~nstrument shall ~nclude the heirs,
Pasonsl representativ~;, successors and ass~~ns of the respective parties hereto. Wherever used the sin~ular
number shail include the plural and the plural the s~n~ular, and the use of aey ~ender shall include all ~enders.
~
S~jn~ sealed and dolivered ~n the presence of: (Seal)
~1if.C ,f~ ~ ~
~~„`'`-Si~ Q-ci~' ~Seall
STATE OF FLORtDA ~ -
COUNTY OF Q~Q~ S `
e~rost~ pLer:o~a iy appeared Roosevelt Fair and Queenie Fair, his wife
to me well known and known to me to be the individuals described in aod who executed ti~e fore~oin~ insttument, '
and scknowled~ed before me that they executed the same for the purposes there~n expressed. W17NESS my hand
and off~c~al seal ~n the County and State last aforesaid this tli, dSy O~ OCtO r 1977.
i
Wy c«~,~~::~oo Exp~«:: June 30, 1979. Notary Public, ute o~ ~ r` r e
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