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this miirlgage or other transfer of title to the mcirtgarrd prupixty in ralinguishmenl of the indrhtrdni•z~ secured hereby, as right, title
and interest of the Mortgagut in and lu any insuraricr policies Ihrn in fiircr shall pars to the purchaser ur granter.
(h)To perform, rnmply with and abide by etch and every the stipulatwins, agrrrmrnts, cunditeins atiJ rnvcnants in ~W promissiiry '
note and in this dyed set forth.
(i) 'that if any of said sums of money herein rrfrnrd Ui hC not promptly and fully pail within fifteen day+ nrXt after the swim +rvrrally
brmmrs due and payahk, or if rack •rnd every the stiputala?m, agrrrmrntc, pinditNin+ •rnd currnant+ of wiJ prumi++iiry note and this
decd, or tither, art iNil fully prrfwmed, mmplird with and ahidrJ hy, Iha~ saW aggregate sum mrnticinrd in vid prumis+iiry• note +hall tir-
nime due and payable fcirthwith or thereafter al Ihr option of the Mortgagee as fully and annplrtrly a+if the +a id aggregate sum of said
promissory mitt +vas originally stipulated to br paW on such ctay,anythirryt in said promisw?y note w herein to thr.v?nuary notwithstanding.
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(j) That !n order to accelerate lhr maturity of the indebtedness hereby secured, hrausr of Ihr failure i?f Ihr Murtgagc?r tii pay any tax,
assrssmrnt, liability, obligation or encuml+rance upin said properly, as Arrrin priividrd, it shall niit hr necessary ur rryuisitr that the
rtxirlgagrr shall first pay the same.
2. The Mortgggee may, at Iris option, and without waiving his right to accelerate the indebtedness hereby secured
and to foreclose the same, pay either before or after deliquenry any or sli u! those ceriain uiriityuiwti~ tcyi:i.cu b; i:.::~ ` -
hereof to be paid by the Mortgagor 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 pall thereof, subject in aq respects to the terms, conditions, and rnverrants of the aforesaid promissory note, and this
mortgage, as fully and to the same extent as though s part of the original indebtedness evidenced by said note and secured by
this mortgage, 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 mort~ge note.
3. That the abstract or ab~racts of title rnvrring the mortgaged property shall at all times, during the Gte 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 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 rights of the owners and holders thereof of each and every
mortgage. lien or other incumbranoe on the land described herein which is paid artd/or satisfied, in whole or in part, out of
the proceeds of the loan described herein or secured hereby, and the respeMiNe liens of said mortgages, liens orother 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 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 duty and regularly- assigned, trans- f
!erred, set over, and delivered unto the Mortgagee by -separate deed of assignment, notwithstanding the faM 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 ran• -
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 ~ttccessors in interest with
reference to this deed and the debt hereby secured, in the carne manner as with the Mortgagor without in any way vitiating or s
discharging the Modgagor'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 secured
given by the Mortgagee shall operate to release, discharge, modify, change or affect the original liability of the Mortgagor
herein either in whole or in part.
6. The lien of this deed secures and shall rnntinue to secure payment of said indebtedness or indebtedness, however
evidenced, whether by said promissory note or any renewal or extension thereof or substitute therefnr, or otherwise, until all
such indebtedness shall have been fully paid.
7. /n the event dre mortgagors sell, convey or tra?tsjer the mortgaged premises during the lijc ojthjs mortgage, Then
this »tartgage slwll, of the option of the ~;furtgagee herein, bec•o»te intntediately due oral payable fir the jicll suer of the
principal balartc•e ant/ 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 plural the singular, and the use of any gender shall include all genders.
Signed sealed a liv in ~ p e of: Seal)
(Seal)
19T9 A.UG 13 py 48
FI E{O~A~N~D R CONOEO
STATE OF FLORIDA ~ SRtCPO~ITRASA.
COUNTY OFD fLfAfi f:fltCUtT t~iJRT ~ 45~~?
St--: Zu i~ ~ -
Before me person y appeared MARY ANN CARROLL, ~S~R4!€4#e~--.w~omaxi
to me 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 offiaal seal
in the County and State last aforesaid this 18t d8q of August, 1979. ~ ;
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My Commission Expires: June 30. 1983 Notary blic. State of e
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