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Home My WebLink About2760 Our File 5-23,663 th~~ murt~ca~er .u uthrr t~an.fc~ ul ~~Ur thr R~urlK~~cd ~uprrty ~n c~un~w+hr.:ent ut tAr ~ndehtrdnc.~ ~c.u~cd hrieb). ~11 n~ht, htle F rnd ~Metest ~.1 the \tuu~a~ut ~n and tu am' in.wencr poGc~es ~hcn ~n totce .hatl pa.~ lu ~hr putcAa~cr ur gran~te. ~ (h) Tu prrt~wm. .~wnp1Y +'~th and ahide h~ carh •nJ evety tht sUpuleU~Nts. •~trrmenth, c~inJ~ti,~n. .and c~,~enrnt. in .~~d prum~.~.~ry note and ~a th~~ derJ .r: turtA. 1 Tha1 ~f any o( ~a~d ~ums ot m.~nc> hrre~n telrnrd t~~ be nut prumptl> ~nd [ull) P~id ~~~h~n f~heen drys ne~~ alte~ the same +crerally be~umec duc and pa)able.~w ~f ea.A and ever~ the ~t~pulauona. aRtrcmrnt~, i~•nd~uun. and cusenants uf sa~d prum~s. aay nott anJ tA~s detd. ur ~~thtr, are not (u11Y p~rfamed, c~unpl~ed r~~th and ab~dcd hy, thc .rid ~~trr~grtc +:un mrnl~oned ~o ~~~d prwm.sixy note shall bec.xnc dur and parable (cwthr~tA ix ~Aeroafter at tAe optu~n o[ the \I~~ri~tegce as fully ~nd completel> as ~f the .aid a6~rc~ate ~um u( sa~d ~uum~«u~y note w•aa ur~g~nally ct~pulated to be pa~d on .uih daY. anyth~nE m sa~d prcxn~~~u~) noie or here~n tu the .ontrary nntW ~tAsund~n~. 1 Th.~ ~n ordor to acceleratc the metunty o( the indcbtedne.. hrrch~ .e~uted, bacruse u( ~hr fa~lure o( the ~to~~g~rur ~u pay any ~aa, rs.e.smem, I~~bilu>, obl~Kation nr rn~umArance up~x~ ,~~d ~+r,~~«~y. a~ hetri~ pru~~drd. u~h~ll not be nr.r...~ry ~x trqwsue that [he murtE~~ete .hall 1u.~ pa>' tAt samc. The \lurtg:~gee may, at his opnon, and w•~thout Na~ving his right to acceierate the indebtedness hereby serured and tu forectuse the ~ame, pay e~ther before ot after delinquency any or ail oC those certain obligations reyu~rrJ by the terms hertof to be paid bt~ the ~lartgag~~r for the protection of the mortgage security or for the col- s lection ~~f the indebtedne+s hereb~• secured. All ~ums s~~ advanceJ ar pa~J b~• the ~1~~rtgagee shall be chatged into the ms~rtgage acc~~unt anJ hecome an integral part thereof, sub~ect ~n all respects to the term~, conditians, and ~ cuvenants o( the afuresaid prum~s~or~~ nute, anJ this mortgage, as fully and to the same extent as though a part o( the nriginal indebtedness evidenced by said note and secured by this mortgage, excepting however, that said sums shall be repaiJ the ~lortgagee forthwith upon ~ts demand and be ~n addition t~~ the regular monthly install- ments prov~ded b~• the mortgage ~ote. 3. That the abstrac~ ur abstracts of title covering the murtgaged properry shalt at ail times, during the life af thi~ murtgagc, rema~n ~n pos~estion of the \lortgagee and in event of the foreclosure of this mortgage or other transfer of title tu the mortgaged propetty in extinguishment of the indebtedness secured hereby. all right, title and intere~t of the ~turtgagur in and to any such abstracts af title shall pass to the purchaser or grantee. 4. T~~ th~ extem of the indebtedness of thr 'Nortgagor tu the \1~~rtgagee d~scribed herein or securod hereby. the \tortgagec is hereby subragated to the I~en or liens and to the rights of the oK~ners and holders thereof of each and every mortgage, I~en or 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 hereen or secured hereby. and the respective liens of said mortgages. liens or othet incumbrances, shall be and the same and each of them hereby is preserved a~d shall pass to and he held b}• the ~tortgagee herein as security for the indebtedness t~~ the ~tortgagee herein described or hereby secured, t~~ the same extcnt that it Nould ha~~e been preserveJ and woutd have been passed to and been held by the \lortgagec had it been duly and regutarly assigned, transCerred. set over. and delivered unto the !Nort- gagee by separate derd of as~ignment, notwithstanding the fact that the same may be satisfied and cancelled o( record, it being the ~ntenuon uf the parties hereto that the same witl be satisfied and cancelled of cecord by the holders thereof at or about the time of the recording of this mortgage. 5. ln the event the ownersfiip of the mortgaged premises, or any part thereof, becomes vested in a person other than the \k~rtgagor, the \tortgagee may, Kithout notice to the ~lortgagor, deal with such successor or suc- ce~sors ~n ~nterest uith reference to this deed and the debt hereby secured, in the same manner as with the ~t~xt- gagor without in anc way vit~ating or d~scharging the ~lottgagor's liability he[eunder or upon the debt hereby secured. No sale the premises hereby mortgaged and no forbearance on the part of the !1lortgagee, and no ex- tension o! the time (or the payment of the debt hereby secured given by the ~loctgagee shall operate to releas~, ~ discharge, modify, change or affect the original liability of the ~lortgagar herein eithet in whole or in part. j ~ 6. The lien uf this deed secures and shall continue to secure payment of said indebtedness or indebted- t i ness, however evidenced, w~hether by said promissor}• note or an~• renewal or extension thereof or substitute there- j foc, or othetw~se, until all such indebtedness shall have been Cull~~ paid. ~ 7. /n thi~ e~~•cn~ thc mortRa,qors sell, com•ey o? transJer ~he mor~gaged premises during the liJe-oj this mort- ~ ka,~e, nc~~n rhr. mor~xaRe sha11, al the oplion nJ ~hr .Ilo?tkuk~e herein, hecome immediately due and payable Jor the ~ full sum o/ thr rrincipul halur:ce und inleresr then due. ~ R. The terms "Llortgagor" and "~lortgagee" w•henever used in this instrument shall include the heirs, ~ personal represrntatives, successors and assigns of the respective parties hereto. VI'herever used the singular k number shall include the plural and the plural the singular, and the use of any gender shall include all genders. ~ ~ ~ ~ ~Q a Sig ed, sealed Je r ~n e presence of: tSeal) ~~?~~71 u~~ ~----'~G-CG/.~,t/~e'-~~' ( Se a l) t ~ . ~ ,~C., - ~ - . ~ STATE OF FLORIDA I ~ COUNTY OF~ ` ~ ST. LUCIE ~A WILSON PATTERSON and ISRAEL PATTERSON, ~ Before me personally appeared her husband ~ to me well known and known to me tu be the ~nd~viduals descr~bed ~n and who executed the foregoing ~nstrument, ~r anJ acknowledged before me that thec~ executed the same for the purposes therein expressed. WITNESS my hand ~ and ~~ffic~al tieal in the ('csunt~ and State la~t aforesa~d this 12th Day of February~ 1972 ;:a =:a ~1y Commission f:xpireti: Jut1e 30, 1975 (~iotary Publ~c. St 1 8 8t ~ 2%~4416 _ : - FILEO AMO RECOROEO ' ST. LUCIE COUMTY f~A. ROC~rZ POsTRAS G , ,~i , f; CLERK CtrZCU1T COURT ~ rti~'~ - ~ RECORd VERIFIEO~,~,~i - ' ~ . st f~e 1~ I s2 PM'71 sooK199 P~~E2759 ~ _ ~