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Home My WebLink About1150 ~ MOlTOAGE DEEO DtEw'S FOtM t. E. • M4whcwrN lw wl~ N TM N, i W. On. tw~u~ ~p~~ fp~M J~clsMVi1N, fNriN J ( / _ _ -~~~i~f)~Li Exp~uiPd ~he 18th day oJ March A. D. t9 66 6y FRANK $ . H~RLWER kereina(ter called the mortgagor, fo WALTffit G. PARK.S and KATHItYN M. PARKS, husband and wife, hereinaJfer cnllot, the mortgagee: (MYbere~er .~sed 6ercia t4e terms •`mortsagor•• aod •`mor[Rasee" iacludr aU t6e pardes to this inswse~t w1 the Sein. ksal rcpnx:~ati~rs aad aui m o( individwls. aad t6e mcrea~+s and aniRm of corporatioas: and t4 tera '•wte•• iacl.~dea all t6e notes hereie ~Ecd i( more tAas one.) 1 that /or good and valua6le considemfions, and also in consideration oj tke nggre- ~ gate sum namec~ in Ihe promissory nofe o~ euen date herewit~, ~ereinajter descri6ed, t~e mortgagor hene- by flrants, bargains, sells, aliens, remises, conveys and conf irms unto tl~e mortgagee all tl?e certain land ~I of which t~e morfgn~or is now seizec~ anc~ in possession situnte in St. Iueie County, F~oric~a. uix: ! Lots 11 and 12 of Block 2 uf Dreamland Park, i; ' according to plat of said subdivision recorded ~ in Plat Book 7, at page 38, of the public records i of St. Lucie County, Florida, less and excepting I the North 10 feet thereof deeded to the State of ~i Florida for public road purposes. . ~ ~ THIS IS A PURCHASE MONSY MORTGA~GE, and is executed and delivered ~ subject to a first mortgage upon tYie above described premises given if by the mortgagee to First Federal Savings and Loan Association of i' Indian~ River County under date November 30, 1955, to secure the ; principal sum of $11,500.00 and any further indebtedness on account o i future advances made, and the interest to accrue thereon, which mort- gage and the modifications thereof appear of record in l~ortqage Book ~ 122 at page 93 and Official Records Hook 54 at page 166, respectively ~ in the office of the Clerk of the Circuit Court of St. Lucie County, , Florida, the balance owing upon which mortgage indebtedness the . mortgagor has assumed and agreed to pay, and the mortgagor hereby covenants and agrees that upon any default in compliance with the ~ ~ terms and conditions of said first mortgage the note secured by this second mo=tgage shall, at the option of the holder thereof, become ! immediately due and payable and this mortgage may be foreclosed at I once, and that should default be made in the payment of any installme t E of the note secured by said first mortgage or taxes or any other mone ~ required by said first mortgage to be paid, the holder of the note ~secured by this second mortgage may pay the same, and that every pay- ment so made, together with interest thereon at the rate of 6% per annum from the date of such payment, shall be added to and become a art of the note secured by this second mortgage and be secured by this second mortgage and collectible hereunder. : o D -r ~N p~YMENTOFTAx~~ DU~~~,q'L' 1NtAlIGIBLE rER50NAl wR9UAN170 CNAPTER 20724, AGTS OF 1941. ~QGEA POR~?$~ ~rk GrNit Go11t! a~ ~ ~ ~URns M. ~a?NEs S!? t~ci~ ~ ~ ~ ~ DEPUTIf CLERK ~ I gooK 140 _ 54~ _ ~ _ ~ ~ _ . n _ _