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Ihis m~Klrate ur uthe~ Irans(a uf lille tu IMe m~Klr:~rd ptupr~ty in rRli~uishmrnl uf thi inJrAtrJnrs~ ~rrutrd h~nby, aN rirhl, titk '
aoJ inlr~est uf lhe Murlraru~ io a~x! lu any inaunnre p~IKies Ihnn io fu~ce shall pass lu thr pu~chrset ur rtaoter.
(h)To pe~(urm, t~~mply Nilh anJ abi~lr hy rach and a~rcry lhn stipulalN~ns, a~rroients, cunditM~~s ~rn1 a~vrn•rn1~ in a~id p~umissury
notr anJ in lAis Jred set forth.
(i) 1'hat if any o( ~iJ ~ums of monry hrrr~n ~rferrrd lu Ae not prumptly anJ fully paiJ H~Ihi~ fihren daY~ nra~ aftrr ~he vnx .rvaYa~lY
be~ti~mts Jue ~nd payahk. ~~r if rach rnd rrrrY Iht cl~pul+U~~m. a~tremenls. aY~nJ~tK,m anJ covrn:~nl~ v~J pn~mi.v~ry notr ~nd this
dred, nf Cltfif, arr ir~t ~ully paYformrd, romplkd with and abidrJ Ay, the saiJ au~e~ta~r sum mrn~w~nrd ~n v~J prumi~wry nolt.hall be•
come dur and pay~hle t~KthNith ur lhtrt~fte~ al UNe ~~pliun uf tht MurtRa~tr as fully anJ avmplrtrly a~ if the uiJ ~6Errga~r .um uf ~aiJ
prumiu.Ky ixNr ~vas~xis~nally clipul~trJ to br paW ~~n such Jyy.anY~h~~R ~n~~ D«m~iwry nolr ~u herr~n lu Ihr ~~~m~~ry iwtwilh+trnJ~n.
(j) fhat in orJrr tu sccrlrrate lhr maturity uf thr i~xlebtcJnrss hrreAy srcurrJ, because uf the tailurr ~?f the MurtY:pµ~r l~~ pnY +ny tax,
assrssmrnt, IiaAlGly, oAli~al'w~ or encumAranre upun saiJ pn~pr~ly, u hrrrin pnwidaJ, it shall nut hr nrcr+vry ur tcyuisilr Ihal the
~wrtg~~ shaU first pay Ihe same. .
2. The Mort~gee msy, at his aPUap• and without waiving his right to accelerate the indebtedness hereby secured
and to foreclose the same. p~y eithe~ before or after deliqueacy any or all of those certain ublig,ations required by the terms
hercof to be paid by the Mod~gor fo~ the pmtectaa of the mong~ge security or for the coUection of the indebtedness
hereby secured. Ap sums so adva~wed or paid by the Mortg~gee shaN be chaBed into the mortgage account and become an
integral part thereof, ~bject in aU respects to the temns, conditioas. and corenants of the aforesaid promissory note, and this
mortgpge. as [ulty and to tl~e same extent ~s thoug~ a put of the original indebtedness evidenaed by said note and secured by
this mortgage, excepting howeMer. that said sums shaq be reQaid the Mortgagce fortbwith upon its demand and be in addition
to the regular monthly instsUments provided by the mort~age nott. ~
3. 7'hat the abatraN or abstracts of titk o~vering the modg,aged property shap at atl times, during the Gfe of tfiis ~
mortgage, rcmain in possasion of the Motigagee aud in event of tl~e foreclosure of this mortg,~ge or other transfer of title to
the mortgaged property i~ extinguishment of the indebtedness secured hereby, aq right, titk and interest of the Mortgagor in
and to any such abstracts of title shaq pass to the purchsser or gRantee.
4. To the extent of the indebtedness of the Mortgpgor to the Mortgpgee described herein or secured hereby, the
Mortgagee is hereby subrogated to the lien or liens and to the rights of the ov?mers and holders thereof of each and every
mortgage, lien or other incumbrance on the land described herein which is paid and/or satisfied, in whok o~ in {art, out of
the prooeedc of the laen described hecein or secured hereby. and the rcspective liens of said mortga8es. ~iens or other incum-
brancts, shall be and the same and each of them hcreby_ is prezernd and sha1~ pass to and be held by the Mortgagee herein as
security for the iadebtedness to the Mortgagee herein described or hereby secured. to the same extent that it would hsve been =
preserved and would havr been passed to and been hdd by the Mortgagee had it been duly and regularly asciSned. tra"s- ;
ferred, set over, and deGvered unto the Mortg,agee by scparate deed of sssignment, notwithstand'u~g the faN that the same r
may be satisPKd and cancelled of eeoord, it being the intention of the parties hereto that tl~e same will be saticfied and can-
celled of record by the holders thereof at or about the time of the recording of this mortgage.
S. In the event the ovmership of the mortgaged premises. or any part thereof, becomes vested in a person other than
the Mortgagor. the Mort$agee may. without notice to the Mortgagor. dea{ with such sucoessor or successors in interest with ;
reterence to this deed and the debt hereby secured, in the same manner as with the Mortpgor without in any way vitiating or ~
discharging the Mortgagor's liability hereunder or upon the debt hemby secured. No sale of the premises hereby mortgaged ;
and no forbearance on the part of the Mortgagee, and no exte~uion of the time for the payment of the debt hereby secured ~
given by the Mortgagee shaq operate to releace, discharge, modity, change or affect the ori~nal liability of the Mortgagor ~
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herein either in whole or in part.
I 6. The lie~ of this deed secures and shall rnntinue to secure payment of said indebtedness or indebtedness, however
i evidenced, whether by said promissory note or any renewa! or extension thereof or subsiitute therefor, or otherv?ice, until al!
! such indebtedness shall have been fuUy paid.
f 7_ b~ the even~ ~he mortgagors se~!!, cunvey or tra~isfer the niortgaged prc~niscs during the lije oj this n~orlRage, tlien
~ this mortgqge sha/1, ut the optivn oj the Mortgagee herei?i, bec•onre imn:ediatelv due a?xl pavable fi» ll~e fid! sum ojlhe
: principal bafa~x•e anrl inte~est then due. ' -
~ 8. The terms "Mortgagor ' and "Mortgagee" whenever used in this instrwnent shaU indude the heirs, persuna~ repre-
~ sentatives. successors and assigns of the respectire parties hereto. Wherever used the singular number shall include the plural
and the plural the singular, and the use of any gender shall indude all genders. .
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S' , sealed and delivered in the presence of: , Seal)
~D ;.tt~ P.ECORDED (Sea1) ~ .
_ ~U'lTY. FL:.
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- 4~~256
STATE OF FLARIDA ~ ~~9 APP I$ PM ~ 2• 1 Z
COUNTY OF ~ ~
~ Before me ~ersLon~~ppeued LILLIAN HOLMES , an unmarried• ~w~~~ - - .
to me vrell known and known to me to be the individuals described in and v?fia~x~qqi~4;fQ~B~!~B:!~ument, and '
. scknowledEed before me that they executed the ssme for the purposes thercin expresed. M?ITNESS and off~cial sesl i
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~ in the County and State latt atoresaid this 7th day of April 1979. &
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~ a Ex ires: -T ~ne 30 ~ 1979 Nota Public, State of , e :s
My Comm~ssa p _ - . _
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~ 60~K tllJ~ PAGE~ -
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