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iAq ~a~~~~e w o~A~~ u~esls~ of hNs tu ~At ~x~~a~N pe/er~y IA t~~lA~Y7~IlAflli OI ~Ae ~ndssiedness ~e.u~ad he~esf. ~11 ~~~M. wle
aM ~~~•r«~ of U~e Ma~t~a~ ~M ~e ~.y ~~iw~~ee plu~ti ~~se ~e tace ~A~11 yss to tAe-~wcAaser a ~ran~ee.
IA1 To ~srfaw, cua~ly •~tt~ aM ~?ds ~y t+c~ aM every tAt al~pd~l~ess. ~{ree~eeu. coad~l~ona •n0 covee~~~s ~n s~~d O~u~~atay
aa~ ..a u~~. a.~a se~ fatR. .
l~1 T1~~ ~f ~ey of aw~ ol woaeY ~ers~n rs/ened ~o ~s not ~owP~ly ~nd f~11Y N~d ~~~A~n f~/t~~n ea~s nea~ sl~si
Ms ii~t stvtr~lly lstowe~ Aut aM Par~sle. a~( e~cA ~nA evaY Me ~~~Orl~~~ons. ~~rsewsn~s, cond~~~a?s ~M coven~n~s of s~~ ~o*,~_
salr no~c and tA?s AeeO. a euAer, ~~s not (~Ily ~etfa*sd. cosPlud ~r~~A ~ed ~l~dsd sy, ~Ae .~~d aµre~~~e sws istni~o~ed ~n ss~d
pow~s~ar ~o~e sA~ll Yecowe due sed oarisle fa~A~r~tA or Mers~(ter •t tAt oo~~ow ot W~,~a,s~~ ,s fully sn0 tosylHtlY •s d ~At
s~i0 ~~are~~~e sw~ ol s~~d po~~asaY ~o~~ .r~s ~n~~~~11Y suoul~isd to Ae pua an suc~ d~Y. any~A~ni ~n~s~~d ~an~ssaY ~o~e a Aere~n
~o ~Ae tonua~y ao~.raAst~M~n~. .
l1/ 7'Aa~ ~n aAe~ ~o aetsluate tht aiatun~y of tAe ~edeAtednesa Asreby secrrcd. sec~uie o/ iAs fs~lure o/ ~Ae I1tor~~a~w eo oaY any aa,
ss~es~wenr, tub~l~ty, eAHqe~an er encue~Mapee ~oow sa?d Mnose~y, as ~ere~s pov~ded, sf~all no~ se neces~uy a ~eo~~s~~e iA~~ ~Ae
sat~~tet sh~ll hrst ay 1he sa~e. 3
2. The Mort~a~ee may, at his opt~on. and without wa~vie~ his ri~ht to accelerue the indebtedness he~eby
secured and to forectose the same, pay eithet before ot ~fter delinquency any ot ail of those certa~n obii~ations
repuired by the terms heteof to be paid by the Mort~a~ot for the protection of the nx+~t~a~e security ot for the co!-
lectioo oi the ~ndebtedness hereby secuted. A!1 suma so advanced ot psid by the ,lortja~ee shall be char~ed into
the mart6a~e accouot anJ become an ~ntejral put thereaf. subject in all tespects to the terms, condit~ons, and
covenants of the afotesaid prom~ssoty note, and- th~s mort~a~e. as fulty and to the same estent as chou~h a part
nf the or~~~nal ~ndebtedness ev~denced by said note and secured by this mort~a~e, exceptin~ howevet, that said
sums shall bt rtpaid the Mort~a~ee fo~thwith upon its demand and be in addition to the re6ular monthly ~nstall-
ments provided by the mort~a~e eota
3. That the abstrsct or abseract: of title coverin~ the mc~rtjaaed ptopetty shail at all times, durin~ the i~fe '
of th~c me~~t`a~e, remain in pc~ssession of the Mott~a~ee and.in event of the foreclosure o( this mort~a~e o~ other • ~
transfet of utie to the mort~a~~d property in eztin~uishment o( the ~indebtedness sec~red hereby. all ri~ht, ~~tle ~
and ~nterexl of the ~Mxt~a~or in and to any such abstrscts of title shall pass to the purchaset or ~rantee.
4. To the extent of the ~ndebtedness of tht Mort~~~or to the Mott`a~et described herein or secu~ed heteby,
the ~lortfasee ~s heroby subro~ated to the lien or liens and to the n~hts of the owners and holders theteof of each
and every nwrt~aje, lien or other incumbtance on the Isnd desetibed herein which is paid ;nd!or satisfied. in
whole or in pa~t, out of the proceed: o[ the~ loan described he~ein or secured hereby, and the respe.ctive liens o(
ssid mort~a~es. liens or othe~ ~ncumbrances; shall be and the same and each ot them he~eby is preserved and shall
pacs to and be held by ~he Mott~a~ee herein as security for the indebtedness to the Mort~atee herein described _
or hereby secured, to the same extent tAat it would have been pteserved and would have been passed to and been
held by the titart~a~ee hsd it been duly and re~ulatly assi~ned. Usnstened. set over. and delivered unto the Mort-
~a~ee by separate deed of assijnmeat. notwithstandin~ the tact that the tame may be satisfied and cancelled of
recad, it btin~ the mlent~on of the puties heteto that the same will be satisfied and cancelled of recotd by the
holdets thereof at or about the t~me of the tecordie~ of this nwrt~a~a
S. In the'event the ownsrship of the mort~ased ptemises. o~ any part thereof. becomes vested in a person
other than the Mort~a~or. the Nort~a~te m~y, without notice to the Mott~a~or. dea) with such successor or suc-
cessots in interesi with retersnce to this deed and tht debt hereby secured, in the same manner as wich the ~1ort-
~ssor w~thout ie any way vit~atin~ or dischar~in~ the Mort~a~or': li~b~lity. heceunder or upon the debt hereby .
secured. No sale of the premises hereby mott~ajed and no totbeuance on the put of the Nort~a~ee, and no ea• ~
tension of the time fot the payment of the debt hereby secured ~iven by the Mort~atae shall operate to release,
dischar~e, mod~fy, chan~e ot affect the oti~~nal liability of the Mort~a~or here~n e~ther ~n whole or in part.
b. Th~ I~en uf this deed secures and shsll conlinue to secure paymerit of said indebtedness or ~ndebted- :
ness, bowever evidenced, whethe~ by said ptomissory note or any renewal or extension thereof or subst~tute there- ~
for, or otherw~se, until all such indebtedness shall have been fully paid.
7. In ~he event tht n~ort~o~ors stlf. Catvty or'trmtsjt? tht n~o?tjased pranises du?ing the lije oj th~s rno?t-
~age. ~htn this nwrtsa~e sl~a(l, er tl~~ option oj tbe A!o?tgast~ htrein, becourt i+Rm~diately due end poyable Jo~ ~bt
jull sun~ oJ th~ prrncipQl balanct on~ inle~~s~ then dve.
8. The tenns "Mott~ajot" and "Mort~a~te" when4ver used in this ~nstrument shall ~nclude the he~rs,
pasonal tepresentativ~s, successors snd assi~ns ~o[ the respective parties hereto. Wherever used the sin`ular
number shall include the plura! and the plural the sin~ular, snd the use of any ~ender shatl include alt ~enders.
'
S~t~d, sealed and de f~r d ~n the pres~nce oi: (S~al)
/ ~ .
_ ~~~iz~~s- ~ ~isGc rSeal)
. ~ , •
STATE OF FLORIDA ~ .
COUNTY OF ~ ss
• St. Luci THOMAS C. LOCKE and C~AROLYN SUE LOCRE, hiw wife,
Bsfore me persona ly appea[ed formerl~ known 83 CAR4LYN SUE HOLT .
to me well knovrn and known to me to be the indivi uals dtsttibed in- and who eaecuted the tore~ain~ iestrument,
and acknowled~ed before me that they e:ecuted the ssme for the purposes there~n expressed. WITNESS my ha~d
and off~ci~l seal ~n the County and State Isst aforesaid this 8th day of ~ May, 19]$.
. .
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Ny Commission Expires: J11A@ 3O, 1979 Notary Publ~c. State of Florida= i' e''r" ; F, ~
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