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Home My WebLink About0460 ~ur r11e ~-µ~~~vJ-a Ih~~ nuKl~a~er ur ~~Ihrr lrauafrr uf hllr tu Ihr nuKlK~grJ prupa•rt> in r~l~uKu~+lunrnt u( Ih. in.IrblcJnc.. ~crul.J hiroh~. ~II nghl. I~IIr ~nJ intrtral u( lhr \lu~t~~K~~r in ~uJ tu rny ~murrncr ~x~li~ir+lhrn in furcr IA./II ~1,~1~ t~r IAa• pur:h.~iar ~~r Kranlrc. (h?lu prrlurn~, run~ply NHh anJ ahrJr hq .ail~ an~l rvr~y I?~a \U~UI:IINHI\. agrr~•u~rnt~. :uuJ~IN~m and ru~ruanl. ~o .:,~J pru~n~.u~r~ nolr and in t lu. JrrJ ~rl (~~rth. ' U? Ihal ~t ~ny uf cud wm~ ~~f munr)' hrram ralr~rrJ lu hr ~NH p~umpll) anJ lull~ ~aiJ ~~hh~n Idtrcn J~). nru .~tlrt Ihr.~n~r N\CfJII) t~a~umt~ dur ~nJ pa>~hlr. ~~r ~f a~.h ~nJ r~rry Ihr ~tipulal~~~m. ~grrantant~, rund~lw~u~.~nd .~~~rn:~nh ~•1 ~.ud ~.r~~mnv~ry m~ta• .~nJ ~h~. drrJ. ~~r r~lhrr. ~rr iH~~ (ull> p.~(urmrJ. cumpl~rJ ~~~th rnJ ah~JrJ hy. thr wW ~pj;rrgatr ,um mrnu~~urd ~n wJ pr~~uu..~~r~ nu~r ~hall Ar ~umr dur JOI~ ~~:1)ahlr I~~rth~~~lh ur thrrrallaY :N ~lir up~i~a~ u( Ihr \turtK~grr a~ lull> a~J r~~n~plr~.l~ ~f U~. ~uQ e~grrK~lr .um ul .a~J ptum~~u~ry n~Hr ~~a+~K~gu~all> ~hpul.ilyd t~~ hr pral un~url~ ~L)'.anYlh~nK in u~J pn~nu+u~~>' n~NC ~u hrrcin t~. thr ~~~t11fJf) IN~1\\IIIhIJUJIII~. Ihal in orJrr tu rcrrlrrrlr lhr m-rwril~ uf Ihr inJrhlydnr~a hrrrhy ~rcurrJ. Acwu~r ~~f lhr fa~lurr uf Ihr \turtg:~~e~~r tu ~u) :1O) 1J1. a~.r.~mrnt. Ii~~ilitY. ~~h1ig~IN~o or emumMancr up~n .aiJ prupcrly, a+ hcrrh? pn~vidcJ. it .h~ll m~~ hr nrca•.vr~ ~.r ~~v~ui~ur Ih~l Ihr murtgaXrr ~h~ll fir~l pay Ihr ~amr. 2. The Mort~gee may, at his option, and without waiving his right to accelerate the indebtednet~ hereby secured and to fureclose the same, pay either befure ur aiter deliyuency any or all of those ~~ertain obligatiun. reyuimd by Ihe tent~.c hereoi to be paid by the Murtgagor for the protection oi the murtgage security o~ fur the cullectiun uf the indehtedne.~s ~ hereby secured. All sums so advanced or paid by the Mortgagee shall be charged intu the mort~,age accuunt aixl t~ecome an integral part thereof, subject in aU respects to the terms, condilions, and covenanv uf the aforee~aid promi~ory nule, and this mortgage. as tully and to the same extent as though a part of the original indebtedness evidenced by said note and secured by this mo~tgage, excepting however, that said sums shaU be repaid the Mongagee fonhwith upon its demand and be in addition to the regular monthly instaUments provided by the mo~tg~ge note. 3. That the abstract or abstracts o! title rnvering the mortgaged propeny ~hal) at all times, during the life ot this mortgage, remain in posses~ion ot the Mongagee and in event of the t'oreclosure of this mortgage or other transfer of title tu the mortgaged property'in extinguishment of the indebtedness secured hereby, all right, title and interest ot the Mortg,agor in and to any such abstracts of title shall pass to the purrhaser or grantee. 4. To .:~e extent of the indebtedness of the Mortgagur to the Mortg,agee Jescribed herein or secured hereby, the Mortgagee is hereby subrogated to the lien or liens and to the rights of the uwners and holders thereof of each and every ~ mortgage, lien or other incumbrance on the land described herein whicfi is paid and/or ~tufied, in wfiole ix in part, out ot the proceeds of the loan de9cribed herein or secured hemby, and the respective lienc of said morigages, lieris 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 Murtgagee herein described or hereby secured, to the same extent that it would have been ; reserved and would have been pa~sed to and been held by the Mortgagee had it been duly and regularly a~igned, trans- ferred, set over, and delivered unto the ~lorigagee by separate deed of ayignment, notwithstanding ihe fact that the .ame 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. 5. In the -etent the ownership of the mortgaged premises, ur any part thereof, he~umes vested in a person other than the Norigagor, the ~tortgagee may, without notice to the Mortgagur, deal with such sucrossor or successors in interest w•ith reference to this deed and the debt hereby secumd, in the sanie manner a~ with the 4fortgagor without in any way ~itiating or discharging the ~tortgagor~s liability hemunder or upon the Jeht hereby secured. No .ale of the premises hereby mortgaged and n~ forbearance on the part of the ~tortgagee, and n~• .teusion of the time for the payment uf the debt hereby secured given by the ~Nortgagee shal{ opera[e to mle:~+e, discharge. i~~udiCy, change or affect the origina) liability of the Nortgagor I, herein either in whule or in part. ! 6_ The lien of this deed tiecures and shall continue to secure payment uf s:~id indebtedness or indebtedne~.s, huwever ; evidenced, whether by said pmmissory note or any mnewal or exten,ion thereof or substitute therefor. or otherv?i.e, until all ~ such indebtedness shall have been fully paid. ~ 7. h~ 1lrr crent dee nu»~YUKr~rs scl1. cnm•er ~~r ~runsJer the~ mui~guqe~/ pre~rt?ises duri?~R !lrr GJi• ~?jthis nu,rt.~q~e. tl~eu f ~ this nu~rlRaxc slwfl. a~ the up~i~» i uj 11~r :UurtKa,qe~~ hcici~r, hce•umc intmr~liul<~1~• elue~ and ~rah/e Jr~r N~c ~idl sunr ~,j t/re ~ pri~rc•ipal hulunrc• unJ inlcrest Ihen dtrr- ( ~ 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, peru?na) repre- ~ sentatives, succei«xs and auigru 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. ~ ~ - . ~ f Signed aled and eliv in nce of: a~l ~ ~ ~.~.`d~ 1 Seal l s ! ' ~ ' ~ `a ! ~ STATE OF F RIDA ~ ~ ~ COUNTY OF 0(~C ~ ~ ~ Betore me1'peurscona~tty appeared LEO SANDLIN er~d LOVIE SANDLIN, his wife z to me well known and known to me to be the individuals described in and wfio eYecuted the toregoing instrument, and acknowledged before me that they executed the same for Ihe purposes therein expreued. WITNESS my hand and oiP~cial seal ' in the County and State last aforesaid this llth d&y of December, 1978, •r:, ~p n~1Q ~ECOR~F ~A . ~ c ~ F~L~s~.c ,.cv_.<~- . _ ` • ~ ~ • ~ 'r? r _ ' r ~ 1979 Notary Pu lic, State ~ My Commission Expires: , ~ e~ :s . : _ _ , . ; _ . ~ •i9 a PM 13 - ..f~~ ~ ` , n~~' f;~,~~~~,~- U a~ ' ~ CLEFK C?t~~l3 60QI(Wl ~ fH,E 4 ~ ~ _ - _ ~ ~ ~a _ _ _ - _