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Our file FS-14,489
M~rtppr. 1w evewt ~f fKecl~wtt d 1bu u?~riMRe ~~1ier ttaiw(~ r(litk t~ tl~e ~wKt~~cd pr~pcAy in ~a1inR~i~ha~~~t ..f 1M ind?.bh
edas~ wcws~ ~en~r. dl ti~µ Iitl~ ~wd ia~erep ~t tbc M~rt~K i~ a~i t~ wr Asarsnec p~li~ia tlKw is f~rr~ ~h~ll pw a tl~e
~~~e1w~r ~ a~wbe.
l\) T~ ~et~~~w. eeylf rri1L u~ ~?i~e s~e? ana ereryr d~e ~tiwlNlw~ a~weNS~ ewditi~w ~~d e~vcw~~q is wid p~niw?~
nN~ ~~d i~ tl~i~ i~e~ ~et f~tr.
tj) 11w if a~~ ~1 a~i~ arw u~~we~ Lereiw rete~re~ u~t ~wit ~e~tl~r ~ fdl~ Mi~ wi~i~ tlttrcn ~r ~e:t
dter tl~e w~e ~sr~ll~ bee«wM dw ~ pyabb. K jt ~ ~wi ~reef 1~ WiprlNiw. ~~eaNe~ls. e~wd~tiw u~d rwr~wwt~ ~f Mid
Vc!siMM w~te q+ tW deed~ w eitl~e~. ~e~e n~t fdlf ~af~tw~. ~w~1i~ ~vi1L awd abi~sd ~r. t~e ~aid aureple ~wa ~neMiw+ed ia
r~J p~iwq ~e ~11 beeMae dre aw~ ~.rabk l.e~..i~ K tberatle~ M tbe ~ptiM ~f ~be illert~Ree r(~II~ ~wd ~w~apiclelr r
if tbe w~ •~p~cpa wm ~1 wiA ~«aiwrr wNe .va~ wi~iMtir ~tipd~ei t~ `e e?dd ~w wr1~ d~~•. anrtri~~ iw ~aia prswiM~ ~Ns
o~ bercio u t4e csatnry Mt~+ilMtwdin~.
lJ' 1 T4~t ia erier N~ecelec~te the matrtitr ~f t6e iwde?Ieia~ rueiif Nauei~ beeawe the f~il~re ~t ~be MKt1t~RK M7 ~1
uuc. wewenrwt~ IiJiliqr. ~lipti~w K escwebranre ~p~w wil ~np~fr. ~ beniw ~vidcd it s6~11 wet be wceawry n:q~aite ~b~
tbe ~nat+,pRca ai~aU Cnt p~~ tbe w~e.
2. The Mort~6e~e may, at 6is optioa, wd witho~t waivu'~ lu~ ri~ht to aocelerate the iodebtedn~ hereby
secured and to [orecla~e the wme~ pay either be[ore oc Jter delinqueocy aa o~ all of ~ho~e eertain obii6atioaa
reqnie~ed br the terRa hereoi to be paid by ~6e Mort6aaot [or tbe protection o~ t~ p~6,~ ~~~;~r or ror u,~
cion of thc indebtedneN herebr ~u:und. All aums ~o advanoed or paid by the Mortaagex shall be charaed into the
~nortaa6e account and becorne aa intc~d part thereof, wbject in aU nspecta to t6c ternn, ooudition~, and covea~nq
oi t6e a[oe+aaid promi~wry uote, aad t6is m~ a~ [all~ and to tl~s wme e~teat aa ~hou6h a part of the oriRioal
indebtedne~s evidenced by said note and ~ecnred y tlw mott6aae, exotptina huwever, that said sum~ shall be repaid
t}~e Mortas6ee torthwith upon its deiuand and be ia additioa to i6e reaulsr ~~on~hly ip~tallmenb provided by the ~
mort~6e note.
3. That tlie abatract or abtncb of title ooverin6 tlre ~nort6a~i property aLall at all times. dutia6 the life o[
thu ~nortg,a~c. remun in pw~e~sion of ihe Mort6a~e aad ia eveat at the forecMsue+t of thiR mort6a6e or othcr traaafer
o[ title to thc awrt6a~ed property ia~eztinauuhmeut o~ ibe indcbtednds ~ecu~+ed hercby, all ri~ht, title and iatec~c~t ~
of ibe 1liort~or in aad to my wch abatnctr of title s6all pass to t1~e pnrc6a~er or 6rantee. ~
4. 7'0 16e exteat of the iadebtedow of t6e Mort~o
r to the Mortda6ce de~cribcd hercin or iecund 6erebr.
tl~e Iliartga~+e is 6crcb~ wbro~~ted to the liea or limu and to the ria6b of tt~e o~.nen and holdcn thereo[ of each
and every mort~aae, liea or other incumbranoe on tbe land dpcribed }~erein ~.hich is p:id aad/or satia6ed, in whole
or in part~ out of the psooeeds of the loan de~cribed Lereu or aeeurad 1~ereby, and tl~e re~pcctive liens o( ~aid mort-
sa~, lie~ or other incumbnooa, ~haq be and ebe ~ame aad each of them hcreby i~ p~served and s6a11 paer to and {
be held b~ t6e Mott6a6ee hee+ein as aecurit~ ior the indebt~dne~ to the biort6a~ee herein described or hereby ~ecured. :
to t6e sa~oe eztent t6at it ~ronld have }?oea pte~erved and w~onld bave bea~ paNed to aad been held by the Mort6+~6~ '
l~ad it bcea duly and re~uladr a~aipied, tramfer~ed, ~et over, aad deli~ered w~to the Mortsa6ee by ~eparate deed of
u~i~w~ent, notwithstaadia6 t6e fwct that t6e same ma~ be aatidied and cancelled af r~cord, it beiu6 ti~e intentioa of the
~.artia liereto that t6e saa~e wriil be ~atis6ed aad caaoelied af t~eeord bp t6e holden thertuf at or about the time of
the rrcordin6 of this mortaa~e.
S. in the eveat the ownenhip of the mort6a~ed pt+e~nise~ or any part tl~ercof. becomes veated in a penon othet
than tlee Mortaa~or, the '_1lottaagee may, wit6oat notioe to t!~ Mortsaaor~ deal with wch ~ucce~sor or succe~son ia
i~~terext ~+ith re[ee~a~cc to thie deed and the debt hereb~ ~ecured. in the eatne maoner as ~rith t6e MortgaRor without
in any way ~itiatina or discha~~a6 the Mort~a6or'~ liabilit~ htreunder or npon the debt herebr ~ecured. No aale of ,
aed
ti~e prcmied~ he~+eb~ mort Sed aod no forbesrance ae t6e part af the '.1TortRaRee, and no extemion of the time for the
r~rn~~~ ~ tl~ de t he ~~~red ~ven by t6e Mortas~ee ~hall operatc to relea~e~ discl~ar6e. modify. chwnae or alFeet
the ori~inal liability of the Mort~a~or herein either in wl~oie et in patt.
:
fi. The lien of this deed ae~,w~ and ~dl ooatiane to ~ecu~+e payment of ~aid iadebtedneas or indebtednea, '
liowever evidenced, whet6er by ~aid promi~wrp uote or aar r~enewal or e:tension thenof or wbtitute therr.for, or
oti~crwise. untii sll wch inJebteaneas ahall l~a~e been (nlh paid.
7. I~i tlre e:+~nt tire mn~tga~o~s ul1, cnmrry nr tronsJ~r the ~nortgaged prtmises during tAe li(~ oj tl~rs ?nn~t~~i,~~,
then this mnrtga~t shnli, the op~ion oj the 11tor~gag~e herein, Gttomt rmmtdia~ely dve aitd pnyablt for t/rt tir/l sun? o(
tiie principnl balnnce nrrd interest then dut.
8. The terma °Mortaa~or" and "Mort6a~ee" ~rhe~ver u~ed ia thes iastrumwt al~all include the heirs, personal
repre~entativd, snooessora and as~i~po~ of the respective pactie~ hereta w/hererer used the ~inRul~r numl~r shall include
the plunl and thc p1un1 the ~ia~lar, snd ihe nse ai any ~ender shs11 inelnde all Readen.
' ~ ~s..--_ ~
SiRned. ~ealed d vered n the preaeace o[• . . _ . . . . ~
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- ~~i~~l/p- ~ /4~ P _ (Ss,u.) ;
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STATE OF F IDA
COUNTY OF u `
I,uci ~A ~SOB PgTTERSON & ISRAEL PATTEBSON, hsr '
B~t
~t~ ~~~11~ .p~~l husbaad.
to me well knawn and known to aie to be the individnaL de~cribed in aod who e:eeated the toreaoie6 instrne~ent~ and
acknowledRed before n~e ihat they executed the same for tl~e urpoas diereia . ~ITNESS my hand and
o~ciat ~eal in t6e Counq aad State lut aforeaaid iLis 1 th D O @b 81"~~ 196rf .
NARL R. AVERY
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NOTARY PUBi{C, STnTE of FC^i;IDA at LARGE - '
IbY COMMIS510N EXPIRES 1Ut1E 30, 1967
Mv ('.ommiaioo Expird: . . Noary Pabliy State a • . ! ='o
~ -w - i
- = .
- } ; j = ~ = t
FILEO AND RECORDED - _ .
ST. LUCIE COUt~fY, FLA. ~ " • - -
RFrn~~ yEF~1€IED " ~ : 3 ~
f; -
15291~ ~
F~8 21 !l' ~8 "'',,,,,,7~11•.;;;,~..~~'
'67 . ~
.~~Q~°~,c.~_G!/
~~~:-.~~5 gooK164 PAGE2148
C!_ERK CIRCUlT COURT . . - .
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