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MORTWG[ OEED MEW'f W!M 3S Monuioct~rod oed for w~~ by iM M. l W. Dr~r Cmw~pany
i0 COR/WAiION fWM iNDIVIDUAI ~<?wn.ill~, fiu~de
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I:.L"PfU~P~ 1{i~~ 21St. aay o~ oCtO~@=' A. n. l9 65 6y ~
Franklin A~ Harris and V~l~rie V. Harris, his wife
hereinafter cnllecl tlie mortgapor, to Y.~rris Construetion Corporation
a corporation existin~ unc~er f{?e laws o~ the Stafe o~ Florida , u~ith its permanent postof f ire
nclclress at Room 106 Arcade Building, Pbrt Pierce, Florida •
{~ereina~l~>r ca~lec~ the mortQagee:
iWhrrcver uxd hercin the terms "mortga~or^ and "mortg~~ct" include all the parti¢s to this irotrumrnt and the hrin, I
leqal reprexnutivp and aasigm of indiv~duah, and tht sutcessers and udqm of corporations; aad the term "no[e" I
encludes all tht notes 6erein deecribed i( morc than ane.)
~~Ui~s~e~~ tFiat (or yood and valuable considerations, and also in consideration of the aggre-
gal~ sum named in the promissory note of even date herewith, hereina~ter ~Iescri6ed, the mortgagor here-
I 6y grants, ~rnrgains, se~~s, a~iens, remises, canoeys and conf ir?ns unto tF~e mortgagee a~~ the certain land
o~ which t{ie ntorl~a~or is now seizec~ and in possession situate in St. I,,L1C~@ County,
~'~oric~a, t~iz:
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Lo~ 20, Block 4, Southern Pines Su'bdivision as pez ,p1at
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ther~o~ on record in plat boak 9, page 68, of th~ public I
records of St. Lucie County, Florida. `o~ ~~~s~ ~
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THE MURTGAGOR COVE~JANTS AND AGREES THAT: ( ;
(1) Tne MORTGAGOR herein sha11 make the payments , called for in The ~St m~rigage i e
now encumbering this property, to the MORTGAGEE hereir~, wl~ich payment s the "J'~GKTGAGEE here- ~
ir shall in turr~ deliver to the owner ~ of the said 1St mortgage . 4
~ t~ o . m ke the scheduled a ments as the come due under the afore- i
, (2) I~ ~h., MOR~CAGOR herein do~s not a p y y
~ ~~~d lst mortgage , then the MORTAGEE herz ai ltsoption, ca~ make the sair~ delin- ~
€ i quent payment S, addina said payment S made to the bslance due under tnis mortgage deed. In i
' ~ the event that the ht~ORTGAG~R herein dces not make the scheduled payments as they become due I ~
~ ur,der the aforesaid ~.St , mortgag° , then at the option of the MORTGAGEE ~
I ~erein, the en?ire balance due hereundar can be deC!ared aue and payable in full on den'iand by the
sai~ MORTGAGEE herein.
_ (3} Tne ~'NORTGAGOR h~rein shali not fur;her encu;r~~er this property, except by o~taining the perm;ssion `
o{ the M.ORTGAGEF herein. ~
((4) The MO~~v.AGOR herein ~,vill at tiic request of ihe MrJRTvAGEE herein, refinance th~ first mortgage ~
r,ow encumbnring this property at any time deemed de~irable by the MORTG.4GEE herein. The pra- ~
j ce~ds of said refinan:ir~g to be applied ag•~inst tne unpaid baiance due hereunder.
i;5) Th~ N',ORTGAGOR herein will ~t the request af the lv10~TGAGEc h~rein acknowledge this mortgage ~
~ and the amount stiil du° at tne tims ot th~ request on a form provid~d for tnis purpose by tt~e ~'v10R7- ~
GAGEE.
(b) failure on tne part cf the I~~ORTGAG~R ta comp;y with, perEorm, or ab:de by any of the ac~reemsr~ts,
i stipuiations, conditions and coven~nt; as set forth abave in s~ctio,~s i, 2, 3, 4 and 5, empowers the
' MORTGAG~E herein, at his opt'on, to de~lare the ent;re b~larce due hereunder to be du~: and payable
II at once. F~i~~~r~ of ~h~ II~,ORTGAGEE herLin, to exerese this ootio~ at a~y time shail not co~stitute a
waiver c~ the right to ex.ercise tnis of~ti~n at sorne later time.
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~(7) In the eveni of foreclosure oF !his mortgag~ deed, the N10RTGAGCR ~riiii be held liable only to the ex-
tert o` tne pr~perty ~ncu~-nb~red by this mortgage de~d.
(8) THIS IS A 2nd nf,0'tGAGE D~~D. k t ~
(9) THIS IS A~chase ~,~.:;NEY 1~10~TGAG~ r=E~. SGC~Y 1~cJ 1