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The ~4urt~;t~ iikt~•. at l:6~ u~~t'se?n, and ~ilhuut k~i.ees, l~i. right tu arrcl~r.~te tlie indebtednr.~ lieretry ucund
and to fomrlose ihe ~me, ~wy eithen c~fur~ ur aftrr deliyuency any or ail c~f th~ise ~rrlain uhli~alion. reyuimd by ihe term.
hercof to t?e paid by Ihe 1lurtgagur far the prolerliu~~ of tlte ~t~ort~rge .ecurit~• or for thc collection uf the ~~~~i~r~~.a~~..,
henbp securrcl. A!1 sun~s ~u ad?ahcYJ ~ir paid by the ~fortgagc~ shall be cha~ed intu the murlgagr acruuot and txcumr an
integr-al par! thereof, subject in all rr~pt~ts 1o the tenns, cunditiun~, and c~n•enants of the a(umwiJ prumi~~ury nutc. and thi.
murtgage, as fully and Io tl~e.ame e~tent ati though a part of the uriginal indebtedne~~ e~idcn~Yd by said nutc and .rcured by
this mortgage, e~~epting how~e~rr. Ihat said sunis.hall be repaid the ~lortgagee fuNM~ith upon ih deuiand and Ix in addition
to the regular monthly installments pru~ided by the mor~~ge note.
3. That the abstrac~ or abstrarts of title ro~~ering the murtgaged pn?perty .haU at all time.. during the tife ut thi.
murtgage, remain in posse..iun uf the Mortgagee and in event of the fomctc~ure of this mortgagr orothrr tr~i»fer of tiUe tu
the murtg~geJ proprrty i~~ r~tingui;hme+N of tt~c indebtcdneas secured hereby. all right, title anJ intere~t of thc ~lortgagur in
and to ar~y such ab~tr~ct. of tide xhall pa+s to tlie punh~ser or gramee.
4. To th~ extent of the indebtednet~ of the Nortg;~gur to the ~turtgagee dexribed herein nr >ecurect hereb~~, Ihe
!Nortgagee is hereby .ubn?~tcd tu the lien or liens and to the rights uf the ow~ners and holden thcn~?f of exh and c~~en
mortgage, lien or other incumtxanre on the tand desrribed herein which is paid and/c?r satisfied, in whole ur in part, out of
the proceeds of the I~nn described herein or vecured hereby, and the respecti~~e liens of said mortgnges, (iens or other incum-
brances, shall be and the ~ame and each of them hcreby is pmserved and shatl pass to and be held by thc ilortg,agee herein as
. security for the indebtedness to the Mortgagee herein deuribed or hereby secured, te the same extent that it w~ould hase been
preserved and w~uuld ha~e_ been pas,ed to and been held by the 4tortgagee had it been duly and regularly auigned, tr~n~-
ferred, set v~~er, and delirered unto the M~irtgagee by separate deed of as~ignment, notw~ith~tanding the fact that the same
may be satisP~ed anJ uyncrll~~d of recurd, it being the intention of the p:irties hereto Ihat the wme aill be sati~fied and ran-
celled of record by the holders thereof at or abuut the time of the tecurding of this mortgage. .
5. In the event Ihe ow~nership of the mortgaged premises, or any patt therevf, becomes ~•ested in a per.on othrr ~han
the Mortgrgur, the Uortgagee may, wit6out notice to the 1lortgagor, deal w~ith suc6 succeswr or wccecu~rs in interest with
reference t~ this deed and the debt hereby secured, in the same manner ati with the :Nortgagc?r K~ithout in any wa}' 17II:iliI1Q Of
discharging the ~tortg~gur's iiability hereunder or upon the debt hereby secureJ. !~o wle af the premises hereb~~ mortgaged
and no forbearance on the {?art oi the :ltnKgagee, a~td no exte~~sion of the lime for the payment of the debt hereb~~ secured
givert by the Mortgagee s1w1! operrte ro release, discharge, modify, change or affecl the original IiabiGty of the ~lortgagor
herein either in whole or in part. -
6. The lien of this deed secure~ and ,hall continue to secure payment of said indebtedne,s or indebtednecc, however
evidenced, whether by wid promi~tiory nute or any renev?~al or extension thereof or substitute therrfor, or ~?the~Ni.e, until all
such indebtedne~~ shall have been fully paid. ~
7. -/~i !!tr c•rc~n( !lte~ nt~.rt,~u.r~~rs scll. c~~m•e~t~ ~~r trunsji•r 1l1c n~url,euY~~i! pirmisc~s ~/trriit,e t/~r ltJr ~~l tlri~ »t~,rt,~u,~e~. tlt~~n
Ntis nt~rrtKqee slivtl, ui tltr uptrr~n uj tlu~ .Nurt~u,~c•r lrrrc~i~t, hc•r~lnu~ imntc~cliut<•h~ ~Ir~r mr~! ~xw_rublr j~~r 1hr !nlJ cunr !!rr
n~~~~~?nQ~ r~u~u„~~~~,~,t,l iu~crc~st tlrcvr ~lrrc•.
R. The terms ";~tortg~gor" and "~tortgagee" whene~•er used in this instrumcnt shall include Ihn c~ir., pcru~nal repre-
sentatiti•es, succe+~on ai~d a.~igns of the re~pertive parties hereto. 1~'here~rr ured 11~e ~ingular number.hall include the plural
and ihe plural the ~ingular, and the use uf am gender shall include all genJers.
^
Signed, aled and d r e pr . nce of: ~
5e h
~ ~ ~~C:l=~GGr+~' ( ~ al 1
~ /
STATE OF FLOR[DA I
CO UNTY ~E~C i ~
Be o e me persona ly ar~ea~~ ROBERT E. H. CULLINS and LOUISE F. CULLINS, his wife
to me well known and knc,wn to me to t?e the indi~~ide~alc dex~bed i~ and wh~> e~ecuted the foregoing instrument, and
acknoaledged before me that they execuled~the same for the purp~nes therein exprettied. W1TN~SS my hand and offici~l seal
in the County and State la~l aforewid this 16th . day of January ~ 1978 .
, .
June 30 1979. t' :~'lorida r e
My Commi~sion Expim~: ~ IVotBry'Pu ~„S~itl~if - g
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3' p =
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~ R 281 598 , ~ T:.~ -
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