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- Our File 5-44,744-1
this mrKt~e ur ullrer transfer of title to the moet~a~rd property in rstirtruishmeat ut the indeMedness secured Hereby, sa ri~hl, title
and interest of the ttott~a~or in and,tu any iasura.ae policies then in force shay pass to the purchaser or pantre.
(h)7'u perform, comply with and abide by each and every the stipulatNrns, arr~emrnts, conditions and covrnapta in said promissory
rate and in this dyed set forth.
(i) fhst if any of x+id sums of money herein referred to be not promptly and fully paid within fifteen days nest after the acme severally
becomes due and payable, or if each and curry the stipulations, asreements, conditions and covenants of srid prumisso: y note and this
dyed, or either, are not fully preformed, rnmplird with and abided hy, the said aarepte sum mentioned in acid promissory note shall be-
come due and payable f~Kthwith or thereafter at the option of the Mr?r1`a~ee as fully and a?mplelrly as if the vid asstepte sum of said
promissory note asas originally stipulated to be paid nn such day, anythins in said promissory rtolr or herein to the contrary notssithslandirK.
(j) That in order to accelerate the maturity of the indebtedness hereby secured, because of the failure of the Mun{aror to pay any to:.
assessment, liability, oMitation or eacumMsnce upon said property, a herein provided, it shall nW hr necessary ur rewuisite Iha1 the
m~ulKa6ee shall first pay the same.
2. The Mortg~tget may, at his option, and without waiving his right to accelerate the indebtedness hereby secured
and to toreclose the same, pay either before or after deliquency any or sU of those certain obligations required by the terms
hereof to be paid by the Mortgsgor for the protection of the mortgage security or for the collection of the indebtedness
hereby secured. AU sums so advanced or paid by the Mortgagee shall be charged into the mortgage account and become an
integral part thereot, subject in all respects to the terms. conditions, and covenants of the aforesaid promissory note, and this
mortgage, as fully and to the same extent as thougRl a part of the original indebtedness evidenced by said note and secured by
this mortgage, excepting however, that said stuns shall be repaid the Mortgagee forthwith upon its demand and be in addition
to the regular monthly installments provided by the mortgage note.
3. That the abstract or abstracts of title covering the mortgaged property shall at all times_ during the life of this
mortgage, remain in possession of the Mortgsgee sod in event of the foreclosure of this mortgage or other transfer of title to
the mortgaged property in extinguishment of the indebtedness secured hereby, all right, title and interest of the Mortgagor in
and to any such abstracts of title shall pass to the purchaser or grantee.
4. To the extent of the indebtedness of the Mortgagor to the Mortgagee described herein or secured hereby, the
Mortgagee is hereby subrogated to the lien or liens and to the rigtlts of the owners and holders thereof of each and every
mortgage, lien or other incumbrance on the land described herein which is paid and/or satisfied, in whole or in part, out o!
the proceeds of the loan described herein or secured hereby, and the respective liens of said mortgages, liens or other incum-
brantxs, shall be and the same and each of them hereby is preserved and shall pass to and be held by the Mortgagee herein as
security for the indebtedness to the Mortgagce herein described or hereby secured, to the same extent that it would have been
preserved and would have been passed to and been held by the Mortgagee had it been duly and regularly assigned, trans-
ferred, set over, aril delivered unto the Mortgagee by separate deed of assignment, notwithstanding the tact that the same
may be satafied and cancelled of record, it being the intention of the parties hereto that the same will be satisfied 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 ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than
the Mortgagor, the Mortgagee may, without notice to the Mortgagor, deal with _such successor or successors in interest with
reference to this deed and the debt hereby secured, in the same manner as with the Mortgagor without in any way vitiating or
discharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises hereby mortgaged
and no forbearance on the part of the Mortgagee, and no extension of the time for the payment of the debt hereby secuued
given by the Mortgagee shall operate to release, discharge, modify, change or affect the original IiabiGty of the Mortgagor
herein either in whole or in part.
6. The lien of this deed secures and shall continue to secure payment of said indebtedness or indebtedness, however
t evidenced, whether by said promissory note or any renewal or extension thereof or substitute therefor, or otherwise, until all
such indebtedness shall have been fu0y paid.
7. /n the event the mortgagors sell, convey ur tmnsJ'er the mortgaged premises duri~ig the life of this »tortgage, then
this mortgage shall, of the optiarr of the Afortgagee herein, become immediately due and povable jar die jolt sur~t ojt/re
principal halaru•e mu! interest then due.
8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, personal repre-
sentatives, successors and assigns of the respective parties hereto. Wherever used the singular number shall include the plural {
and the pltual the singular, and the use of any gender shall include all genders.
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Signed sled and de ' e of:~~~ ~~!Seal)
(Seal)
. _ its .r}~~ i e ~ ~s
- 448215 U AhC rEtGkUilU
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PO T t~A5A.
STATE OF FLORIDA ss ~K CIRCUIT COURT
_ COUNTY O~ RE.Z+URl1wf A;FIER
k Be[ore me personably appeared ARTHUR SINGLETON, an unmarried mari
I to rue well known and known to me to be the individuals described in and who executed the foregoing instrument, and
acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand and official seal
in the County and State Isst aforesaid this 6th day of June, 1979.
ij,,
My Commission Expires: Jtute 30, 1979 Notaly. ~ e
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