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Home My WebLink About2756 ~ Our file 5-32,024 th~+ mue~~aKr ~w o~Ar~ ~~an~lc~ ut ~itle ~u thc mon~a~ed ptopcriy ~n e?I~n~uiaAmenl w tAe indeAtednc~~ ~e.uie~ ha~cM. ~11 i~~At, ~~ilc ~nJ ~nte~e.t u( tAe \1ur~~aiw ~n rnd to an~ ~nswancr pul~c~ec tAcn ~n (orce .hall pass ~o ~he pu~cAa.cr ur r~~niec. (A1 T.~ pr~l~am. ..~PIV ~~~A •nd ab~de ~y each and every tAe st~pulat~oos, a~reements. cond~uo~~ •nd co~en~ni~ ~o c~~d pr.~en~+a..r~ ~o~e and in ~A~. JerJ .e~ for~A. 1 TAat a~y u~ +aid sums o( muneY herem re(erred tu be no~ ptwnp~lY ~M1 ~~~~Y D~~~ ~~~h~n f~lteen Qayc nez~ al?er ~he same severally beaanes Jue and paYaAle,a ~f eacA and every the st~pula~~ons, s~roemcm., ~und~uw~. and corenan~s o( sa~d prwn~s- saY nole ~nJ Ih~a decd. ur e~ther, art no~ tu11Y D~rformed. cwnpl~ed ~v~th ~nd aD~ded Ay, ~he ,a~d aK~rc~ate awn meni~oncd ~n aa~A pr~msaory nou sAall Decane due and paYa~le (atA~~tA a tAere~(ter at the opuon ot the \lortsa~ee as (ully ~nd comple~ely as ~f tAe sa~d a~trepte sum of said prMmcswy note ~vss on~~na11Y shpula~ed to Ae pa~d on such daY, anyth~n~ in sa~d pom~ssory note o~ here~n to ~Ae con~ruy not~~tAs~and~nE. 1 Tha~ m ader io accelen~e tAe maWnty of tht mdebteAness here~y secwed, because u( the la~lure o( ~he ~1w~`a~ur to paY ~~Y ~ac~~sment, I~~A~luy, obl~6auon ~r rn.umbrance upon sa~d p~ope~ty, as herc~n prov~ded, u shall no~ be ne~es~a~y a reQuis~~e tha~ ~hc mix~~a~ee shall hr~~ pay Ihe same. ' The ~tottgagea may, at h~s opt~on, and withoui wa~ving hi~ r~ght to accelerate the indtbtedness htttby - secured and ta forecluse the same, pay either before o~ after delinquency any or all of those certain obligations requ~ted by l~e lC~ms nereui tic ~~ai~ `vy .ht ~t~rigag:.: .;:e ;,.~tactio~ af the :^~~ig3ge sss~!a~ty o? ~nr the col- lection o[ the indebtedness hereby secured. Ali sums so advanced or paid by the '~lortgagee shall be charged into the mortgage accoun~ and become an ~ntegral part theteof, subject in all respects to the terms, conditions, and covanants of tht aforesaid pn~m~ssoty nate, and this mortgage, as fully and to the same extent as thouEh a patt of the oriainal indebtedness evidenced by said note and secured by this mottgage, excepting however, that said ; sums shall be repa~d the \lortgagee [orthwith upon its demand and be in addit~on to the regulat monthly instal!- ~ ments provided by the mortgage note. 3. That the abstract ar abstracts of title covering the mortgaged property shall at all times. during the life of this mortgage, temain in possession of the Alortgagee and in event of the foreclosure of this mortgage or other transfer of t~tle to the mottgaged property in extinguishment of the indebtedness secured hereby. alt tight, title and interest of the \iortgagot in and to any such abstracts of title shall pass to the purchaser or grantee. - 4. To the extent of the ~ndebtedness of the Mortgagor to the Alortgagee described herein or secured hereby, the !~lortgagee ~s hereby subrogated to the lien or liens and to the rights of the owners and holders thereof of each ~ and every mortgage, lien oc other incumbrance 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 heteby, and the respective liens o( said mortgages, liens or other incumbrances, shall be and the same and each of them hereby is presetved and shall ~ pass to and be held by the ~lortgagee hetc~n as security for the indebtedness to the Mortgagee herein desctibed ~ or hereby secured, to the same extent that it v?ould have been preserved a~d would have been passed to and been held by the ~tortgagee had it been duly and tegularly assigned, ttansfened, set over, and delivered unto the Mott- ~ gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record, it being the mtention of the parties hereto that the same will be satisfied and cancelled of record by the holders thereo[ at or about the time of the recording of this mottgage. 5. In the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the ~lottgagor, the ~tortgagee may, without notice to the Mortgagor, deal with such successor or suc- cessots ~n ~nteresl Nitn reierence ~o enis deeS and ine deoi ncreoy si~uicci, i~i t ic ss«~e ~~~a~~~~c~ as e;9~..- ~ gagor 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 forbeatance on the part of the Mortgagee, and no ea- ; tension of the time for the payment of the debt hereby secured given by the Mortgagee shall operate to retease, '4 discharge, modify, change or affect the original liability ot the Wortgagor hetein either in whole or in part. 6. The lien of this deed secures and shall continuc to secure payment of said indebtedness or indebted- ; ness. however evidonced, whether by said promissory note or any tenewal or extension thereof or substitute there- s for, or otherw~se, until all such indebtedness shall have been fully paid. ; 7. /n the evenl the mortgagors sell, convey or transfer the mortgoged premises during the lije oJ this rnort- f gaRe, rhen this mortgage shall, at the option oj the Alortgagee herein, becorne immediately due and pnyable for ~he ; o Jul! surn oJ the p?encipal balnnce and in~e~est ~hen due. . ' ~ 8. The tertns "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, ~ personal tepresentativ~,. successors and assigns of the respective patties hercto. Wherever used the singular ~ number shall include the plural and the plural the s~ngular, and the use of ny gender shall include all genders. : ~ ~ i 3 ~ ~ ~ Si ed, sealed and deli r d n the esence of: (SeaU . ~ j ~ ~Seal) ~ f-t-.r~ ~ ~ ~ ' -'"'c-1 ~ 5. ' . Ps STATE OF FLORIDA I ~ COUNTY OF~ f ~s ~ ST. LUCIE r Be(ore me personally appeared LEO SANDLIN and LOVIE SANDLIN~ his wife, 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 there~n exptessed. WITNESS my hand = and off~cial seal in the County and State last aforesaid this 13th Day of Mareh, 1975 _ ~ i: ~r t(~•. c . Ny Comm~ssion Expires: JuilE 3O, 1975 Notary Public. State of Flo~i~d~` 'r ' - - ~ ;R = ~ r m.;= f~~EO ~Mf . y,~ ~Q _ • . _ Ys' ~f. LuC; _ G~u1~JFY ~lA• t~ / n:~ ~ r ;.T~lS ~ . Fi`~_r- - Clc~:~. 1~ C~URf ,f ~~~fv~~ . ; s_: pc~~•' . 1~ -~'~EC, U k • ~ry - ~ - ~ ~ BOOK ( r ~ 2~ I~ 49 PN 75 - ~ r~= _ 304t~.~:~ , . _ _ . , _ , ~ - _ - . ~ ._.~t ~ , . . . ~ , . ~.M~