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~O'TGAGI euc>
TO ~OII'OIATlOH flOM IHOIYIDUAl
,pc. IW'S fOt,.",. I. 3J ..mfMI1Q(h,,,.:J OA4 f., '-Ole by H... H & W
O. K. ' 6 I U Jc;.d,,'.lIIyill.. fl~i6a
BO:J~ ,
.. Dre. (._po",
litis moLrlgao'e ~eed
E'Ceolled II...
day of
A f) 1\)61 h
25th
February
SIM GIBSON and BESSIE MAE GIBSON, his wife
hm'inaf'er called Ihe morlgagor, 10 HARR IS CONSTR UCT ION COR PORAT ION
" I th I f th SI I J F LOR IDA . Il'itll its Il1'rmulIl'nt '>lis/office
a corporalion eXlslIlIg un( er e au's 0 e, a eo'
address 01 2811 South 4th 5treet, Fort Pierce, Florida
hereinafler callpdllu' morlgagl'P:
(YlMrf..-tr ux-d h~rrin the lrruu "morllr,lliCoc" and "rnortlitat(f'r" .inclu~ all. the P&rtih tv t~is in\trumrnt and thr.. ht'i,~;
k,(.J rf'prr-wntai.l\'t's and aui!l(ns of indl,,'iduall. aDd thr 'UHt~ln and aDlIcns ul corporaIIOn\: and thr IreDl 'luft'
includn ,II the- DottS hrrifin ~rihC'd if mort' thAn ont.) ..
lttitnesseth, 11101 for good and I'aluahlp conside"llions, ami alw in considpralioll of 1111' Ull9'I'
gal:.> sum naml'd in .hp promissory noli' oJ I'l'en doll' It",e'l'il"- hereillaf'", clescril)pd. Ihe morlga{/or here
hy gran!.s. barf/ains. sells, aliens, rl'misps, COnl'eys ami confirms unlo IIlp mort(lagl'e 011 "ll' ('pr'ain land
of which Ihe morlf/aUOi is now seizl'd and in poss('ssion silua'e in St. Luc i e Counly,
Florida, (Ii:.:
LOT 11, BLOCK 10 of SUNNY ACRES SUBDIVISION, as per plat thereof
recorded in Plat Bock 8, page 25 of the Pilblic Records of St. Lucie
County, Florida.
l~ is agreed by and between the parties hereto that the Mortgagors
herein shall .p.ke the payments called for in the first mortgage now
encumbering this property to the Mortgagee herein, which Mortgagee
shall in turn deliver said payments to the owner of the said first
mortgage. Failure on the part of the Mortgagors herein to comply
with this or the following requirements hereby authorizes the
Mortgagee to accelerate the unpaid balance of this mortgage as
hereinafter provided.
It is further agreed thct th~ Mortgagors herein shall not permit
additional encumbrances to be placed against the above property
for a period of two years from the above date.
Also the Mortgagor. agree to keep the above premises in a state of
~epair and cleanline.. satisfactory to the holder of the first
mortgage now encumbering said property.
It is further agreed that the Mortgagor. herein will alloW the
Mortgagee at .ome later date to re-finance or re-arrange the first
mortgage on this property in any way so lcng as it is not to the
financial loss of the mortgagors. The Mortgagors further agree to
si~n any papers at First Federal Savings and Loan Association of
Fort Pierce, which might be necessary to the refinancing or
rearranging of said first mortgage.
THIS IS A PURCHASE MONEY MORTGAGE.
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