HomeMy WebLinkAbout0425- ~:. 486
. st. ~uc~ cou~n. ~~.
specific indebtedness outstanding secured by this mortgage. The
total amount of the indebtedness that may be secured by this
mortgage may decrease it increase from time to time, but the
r.,ral .innaid balance so secured at any one time shall not exceed
-~ --- ---r --
a maximum principal amount of $ 61,500.00, plus interest t~i~aur•,
an3 sny disbursps1Pnts made for the payment of taxes, ievics or
insurance on the property covered by this mortgage, together
With interest en such disbursements.
This mortgage is subject and subordinate to two certain
mortgages as follows:
1. Mortgage from WILLIAM H• THOS dated~DecembeON
THOMAS to FI.OWBRS GROVES, INC., ~~~ _`
14, l95& and recorded in ~iorzgage =:=:c= =_= ~_
page 3u9 i.n the Public °ecQrda of st. Lucie
C,,,,~,ry; Fierida ; securing a note in the original
principal amount of $30,000.00', which mortgage
was assigned to FLORIDA BANK AT FORT PIERCE by
assignment dated March 24, 1955 and filed in
Assignment Book 9 at page 515 of the Public
Records of St. Lucie County, Florida
2. Mortgage from SUNRISE BOULEVARD ESTATES, INC.,
to EM~tA GIBBON THOMAS dated December 31n^1956
and filed in Mortgage Book i"s"s at page Zvi ~~
the Publie ~LeQOrds of St. Lucie County, Florida
sew-wring a note in the original principal amount
of $58,500.00.
Both of said mortgages above described encumber other
property. Aa part of the consideration for the sale of the
property described in this mortgage to the Mortgagor, the
Mortgagor has assumed and agreed to pay both of said mortgages.
Inasmuch as a default in the payment of either of
said mortgages a'oove aeQ...~..o.. ..,...-- ,- '~--~- -__° ~~-=-~- .
the other property encumbered by said mortgages, the Mortgagor
eo~renant and agree that he will keep both of said Mortgages in
good standing and gill promptly perform all .covenants and con-
ditions thereof, including, speeif ically, the prompt payment
of all sums due the under and under the notes secured thereby
on their due datrs.
~++