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Mort6a~or. In eveat of foreclosure ot tbL monsase o~ other tr~eaafer o! title to tAe monsa~ad properiy Ia etllnaui~hnienl ot ihe iad:sbP
ednaas ~acured 6ereby, all rirht, Utle ind interat o[ t6e Mort~ot in aad to ~n~ iwunnce policia thea ~n force ~hall pa~s to ihe
purcha,?e~ or ~rastee.
(b1 To portorn?~_eomplr ~rith aad abide br eac6 and e~arr tha ~tlnulatlen._ n,=eem~eL ~~di~~a~.. ._sa
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note and !n t5ii de~ed ~et (orth. ~ "
(i) That iI ~e~ el said ~ww ad m~ner Lc~cln ceto~ed to be not pcsmptl aad [ally paId wtt6tn lliteen d~Y~ ~t
~ttet the same ~everally bocomer due :ad p.~able, or tf earh and every ~ atlpul~tiani, ~6reemcnta, eoaditiow and eovcainb of ~aid
promi»ory ~oto aod th3~ deed, oc either, uc not tnll pedorcncd, coiupited wIt6 and abtd~d by~ tbe said at6re~ta ~um mcationed tn
uid pronii~wr7r note aha~l beto+ne dne snd payable ~ortLwit6 or thertatter at the optioa of the Moctsasee ai [u11r and rempletdy a
it the said a6srepte suin o~ sstd pton~issory note w~a oriEin~lly ~tipul~ted ta be paid on ~uch day~ anrthta~ in said preaW~rr eate
o~ hcreIn to the contnrr aodwitlui~adins. ,
That in otder ts aceelente tt~e m~turity sf tht Indebtednew hereby securtcl, becawe ot the feitura af tbe M~rtsa6or to par as~
trx, asuseinent, li~bility~ ~blisati~ or ene~mbrance upon a~id propcrty, u hereia provided, it ~hall not be oeceaaarT ar requlaite that
thc nrortga6ee ahall 6~st pa~ the sune.
2. Tlie 1V4ort6agea may, at hia optic~?, asn?d without wxivin6 lua right to acoelerate the indebtedneas hereby ~
aecured and to [oreclabe the same, pay either bafon or after delinqueucy any or all of thoee certain obligationa ;
reciuired by tbe termo her~eof to be paid by the MortgR~or for the protection of the niorigage aecurity or for thc collec. i
ii~~ u:' 'si~a inue:,:eaa~ ne~ay aecur~i. ~i siuae so aa~a~ed or paid by tbe i~iortgag~ ahall be chargcd into the r
mortgage accc?unt and bec,~me an iategr~l part thereof, aubject in all respecte to the ternie, conditions, and covenanta ~
oF t6e afoe~eaaid pmmieaary note, and t~ie mortga~s, ~s fully and to th+e asmc e.~tent ae though a part af t}se ori~inal ~
indebtedae~e evidenced by said note and aecured by thia mortga~e, excepting however, that said euma shxll be repxid
the biortgagee [orthwith upoe? ita de~~~and and be in addition to the regular n?onthly installmenta provided by the '
~nortgage note.
3. That the abatract or abatrACts of title covering ths mortg~ged property aliall at all timea, durina the lite of
thia inortgage~ remain in poaeceaion of the Mortaa~ee and in event o[ the forecloaure of thie mortgaae or other truufer
of title to the morigageci property iu satinguiahment of tLe indebtednea~ secured hereby, all right, title and intereet
of the 1liortga~gor in aad 4o iny auch abstracts of tide ehall paes to the purchaeer or grantee.
4. To ihe estent of the indebttdncee of thc Mort~agor to the Mortgagee deacribed her~in or aecured hanby,
t4ie lliortgagee is hereby subrogated to the lien or liens aad to ~he righte of the o~cnere and holdere thereo[ of ea~ch 3
and every mort$age, lien or other iacumbrswcx on thc land described lierein which ie paid and/or eatiafied, in wholc ?
or in part, out of the pra~ceede of the loan described hcrein or aecured hereby, and tl?e reapective litae of said mort- ~
gagea, Lena or other incumbrancd, elull be ~d the dxme aad each of the~n hereb~- ia lireaerved and e~all psias to ~nd t
t~ held by t'he Mortgagc~e 6erein se eeeurity for the indebtedneee to the I1lortgagee herein describtd or hereby eecured, ,
to the a~me extent t6~t it h-ould have }ken greeerve~d and rerauld have heen paeaed to and been held by the Mort~aRee
nad it ne~n duiy ann reguiariy asaigted, tr~neterred, aet over, aud deli~-ened w~to the Mortg~gee by eeparate deed of
~seignment, notwithsUnding the fact that the eame may be aatiefied and cancelled o[ record, ii beiug ths intention of the
partiea hereto that the aame wilI }st aati~fied and csinoelled of rccord by the holdera thereo[ at or abaut ihe time of
the recording of thie mortgage.
5. In the eveat the ownerehip of the mortgaged premieee, or any rart tliereof, becomes veated in a peraon other ;
than tlie Martgagnr, Lhe '~lortgagee may, without notice to the Mortgagor, de$I with euch aucceseor or gucoesson in ~
ittteregt w-ith refereuce to thie deed and the debt hereby eecured, in the eame manner as with the Mortgagor without
in an_y war ~ztiating or discharging the Mort~a6or's liAbility hereunder or upoa the debt hereby aecured. No eal~ of ~
tlie premie~x liereb • mort agcd and no forbearance on the ptirt of the '~tort~agee, and no eYtension of the time Cor the
payment o[ ihe de~t hcre~~ sccured givcn by the Moriga6ee ahall aparate to releaec, discliar~e, modify, change or affect ~
the original liabilit}~ of the Mottgagor herein either in whde or in part.
6. 'T}~e lien of thie deed ~ecurea and shall coatinue to eecure payment of said inci~btednee9 or indebtedntae,
lio~ee~•er evidenceti, whether hy eaid promieaory note or any renewal or exteneion thereo[ or subetitute iherefor, or
otlierwiae, until all euch indebtednea~ ehall have been fullr paid.
7. In the ez~ent the mortgagors stll, convey or transfer the mortgaged premises di~ring the !i/e of this mortgage,
then this mortgnge shall, at the option of the Afortgagee herein, Gecome rmme~iiately due a»d payable for the full sum of ~
, the principal Ualnnce a?rd interest then due, t
8. The terms "hiortgagor" and "Mort~Agee" whenever uacd in thie inBtrument eliall include the heire, personal '
reprenentativee, aucoesaora and seai~ of the respectiva pAdiee htreto. ~htrever ueed the eingulrr number ehall include
the plural and the plural the sin6i~lar, and the use of ~ny gender ahall include all gendere. ~
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; Signed, eealed and delivered in the preaence .,~r~1~i5-:.-(... . (s~,)
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STATE OF FLORIDA ~
COUNTY OF ~ sg '
Before~me p~ro
naI ppeared BILI,T E. 3P~Yt1I~8 and B~% JAI~~ 3PAB~L&8, 2~ia vif~t
~ to me ivell known ~nd own to me to bc the individual8 described in and who executed the foregoing inetrument, and '
acknowleclEed be!'ore me that they exccuted th+e same [or the purpoeea therein exprebaed. WITNESS my hand and ~
o6cial ~ea! ia the County and State l~st aforeaaid thie 21st dty of J ~ 19~5,
- NARL R. AVERY ~
1 F10(ARY PUBLIC, $i~tiTE nf F~OP;D.4 at IAR~E . . • • . . .
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4 CutdhilSS40i~ EXPIREc JUi~E 34, 1~61 - ~
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My Commieaion Expires: Not~ry Public, tate of Flo id~ _ .
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- FIL~D AND RECORgOQK _ ~ . _ Y = r
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~ - t~ , FEB 1 y AM 10 : 06 . . _ €
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, ~ ; ~ f ~3~ ~ERK ;
: ROGER P~~1 i R~~oUNTY
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