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Our File 5-45,165-8
this murtrate ur other lransfrr of title to the murttt:atrd pn?prrty in rxtir?=uishment of Ihr indrMrdnrss secured hrroby, as r+tlht, tttk
and interest of the M+x!tlalor in and tunny insurance polkirs Ihrn in force shall pass to Ihr purchaser +u 6rantrr.
(h)To perform, pimply with and abide by rash and every the sliputatN?ns, aRrremrnts, cunditNms and covenants in said promissory
note and in this deed sel forth.
(il That it any of said sums of money herein referred to the not promptly and fully paid within fifteen day. next after the santr sevrplly
becomes due anJ pa;•h~. nr if each and every the atiputations, aerrrmrnts, p?ndilions and covenants of vid promissory note and this ~
deed, or either, are not fully performed, mmplird with at?d abided hy, the said a~rsyTatr sum mrnte?nrd in said pmmic>r,ry m?tr shall t?e-
come due and payable f+?rlhwith or Iherrafttr at the oplk?n of Ihr Mort{a`ee as fuNy and a?s,tplrlrly as if the vid aaRreltale sum of said 1
promissory note vrasotisinally stipulated to be paid nn such day,anythi??s in said promi:spry nolr or herein U? the ay>ntrary ixNwilhstandirK. }
(j) That in order to acceteratr the maturity of the iadrbtrdnrss hereby secured, because of the failure of the Murtaasor to pay any tax,
assessment, liabitily, obligation or encumbrance up?n said property, as herein pn?vidrd, it shaii n?N br necessary ur rryuisite that the
rrK?rlgagee shall first pay Ihr same.
2. The Mortgagee may, at his option, and without waiving his right to accelerate the indebtedness hereby secuued
and to foreclose the same, pay either before or after tkliquency any or all of tht>se certain obligations required by the terms
ht:reof to be paid by the Mortgagor for the protection of the mortgage security tx for~the rnUection 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 thereof, subject in all rt>sperta to the terms, conditions, and covenants of the aforesaid promissory note, and this
.mortgage, as fully sod to tht ssme extent as though a-put of the original indebtedness evidenced by said note and secured by
this mottgsge, excepting however, that said sums shall be repaid the Mortgagee forthwith upon its demand and be in addition
to the regular monthly installments provided by the mortgage notes
3. That the abstract or abstrads of title ooverittg the mortgaged property shall at all times, during the-life of this
mortgage, remain in possession of the Mortgagee and 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 ptuchaser 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 rights of the owners and holders thereof of each and every
mortgage, Gen or other incttmbrartce on the land described herein which is paid and/or satisfied, in whole or in part, out of
the proceeds of the loan described herein or secured hereby, and the respective liens of said mortgages, liens or other incum-
brances, 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 Mortgagee herein dtxcribed or hereby sectued. 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- ;t
ferred, set over, and delivered unto the Mortgagee. by separate deed of assignment. notwithstanding the fact that the same
may be satisfied 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. !n 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~vvith
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 an the part of the Mortgagee, and no exteruion of the time for the payment of the debt hereby secured
given by the Mortgagee shall operate to release, discharge, modify, change or affect the origins{ liability 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, hov?•ever
evidented, whether by said promissory note or any renewal or extension thereof or substitute therefor, or otherwise, until all
such indebtedness shall have been ropy paid.
7. !n the event the mortgagors sell, convey or transfer the mortgaged premises dur»rg the lije ~~jthis nrurtRage, then
this mortgage shall, a1 the option of the Mortgagee herein, become i»entediatelp due anJ prtvoble jur the jidl sum of t/re
principal balance and intet~est 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 plural the singtilar, and the use of any gender shall include all genders.
Signed, se d and iiv in ~ e essence of: ~ Sea!)
(Seal I
STATE OF FLORIDA ~
COUNTY OF
Before m~personaClly appeared ROBERT WILSON and JUDY K. WILSON, his wife
to rrwe wdl known and known to me to be the individuals described in and vvho executed the foregoing instrument, and
adcnowkdged before me that .they executed the saint for the purposes therein expressed. WITNESS my hand and official seal
in the County and State last aforesaid this 28th dey of July ~ 1979.
1
_ ~ ~ . ~ _ s
June 30 1983 ~ Ott=.Lar e
My Commissan Expires: r Notary Public, Stated - g
AUG I 0 PE! ~ 55 • ~ ~ ' _
sus:' ~ te,`. a
454.635 s _
• C s
t;lRClut to t 3' ~
QQ ~i'••.
RECOR01?ERIFIEO t~ ' '<„F•-•• r• •
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