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TO COUOlATIOp ROY INWVIDYAI Mct~wvilN. iNrW
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Executed the 25th day oJ June A. D. 1966 6y ~
Johnnie srown and ;~:ar3aget A. 9rown, his wife ~j
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hereinaJter called the mwtgngor. ~o Harris Construction Corporation ;
n corporation existing uncjer fhe ~awa o~ the $tufe o~ C~lOr~d8 , wifh its permanent posto~~ice ~
add~ss a~ Room 106 Arcade Iiuilding, ~ ort Pierce, : lorida . .
hereinaf ter ca~~ the mortgngee: t
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(W6rm^er ufed 6eiei~ t4 ter~ • ud ••~o~a~ee•• i~dude all trt putia W t6i~ iuwat~t a~d t6e 6su+.
kRd ?ePresenatira aed a~ n ~o~t~~. aad t\e mooeras and a~g~s ot oorporatiod; a~d tle ar' ••wte••
iacludes all tAe ~aa 6aeia dac~cd iI sote tru one.)
~`~I~e~~ that /or good and ~l~bl~ oo?~,tde~~~o.~, and niso in c~onsideration o/ the aggre-
• gnte sum nnmed in !tie promissory nole o~ even dute herewith, hereina(ler descri~, the morlgngor here-
by gronts, bargatns, se~~s, a~iens, remises, conveya and con~irnta unto fhe mortgagee n~~ ~?~e certain land ~
oj which the mortgagor is now seizec~ and in pouession aitunte in St. Lucie Countp, ~
Flo.ida, viz:
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Lot l, Block 3, Southern Pines Subdivision as ner plat 1
thereof recorded in plat book 9, page of the public ~
records of St. Lucie ~ounty, Florida ~
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111 MY~E11T Of T11~~ ~
(~GEIYED = .C. 1NTANGIBL[ IERSOMAL ~00~~' ~
DUE OM CU?~ {
rUit3UANT' TR.a~ruR k
Chcvi~Corh •
~ ~ r M. JAMES
Qs ~W~ ~ CU-TiS
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! l~ti~ Gor~I? T°; , ~ ;
~ ~ DEM1~ C~
THE MORTGAGOR COVENANTS AND AGREES THAT:
(1) The MORTGAGOR herein shall make the payment S, called for in the 1 s ~ mortgage
now encumbering this property, to the MORTGAGEE herein, which payment s the MORTGAGEE here-
in shall in turn deliver to the owner of the said l~t morigage .
(2) If the MORTGAGOR herein dces not make the scheduled payments as they come due under the afore-
said 13t mortgage , then fhe MORTAGEE here at itSoption, can make the said delin-
' quent payment S, adding said payment S made to the balance due under this mortgage deed. In
the event that the MORTGAGOR herein does not make the scheduled payments as they become due
under the aforesaid l8t , mortgage , ihen at the option cf the MORTGAGEE
herein, ths entire balance due hereunder can be deClared due and payable in fuil on demand by the ~
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said MORTGAGEE herein.
(3) The MORTGAGOR herein shall not further encumber this property, except by obtaining the permission
of the MORTGAGEE herein.
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~ (4) The MORTGAGOR herein will at the request of the MORTGAGEE herein, refinance the fi~st mortgage
~ now encumb~ring this property at any time deemed desirable by the MORTGAGEE herein. The pro-
ceeds of said refinancing to be applied against the unpaid balante due hereunder.
(5) The MO~TGAGOR herein will at tne request of the M~ORTGAGEE herein acknowledgs fhis mortgage ;
and the amount still due at the time of the request on a form provided for this purpose by the MORT- _
F
~ GAGFE. .
(6) Failure on ths parf of the AAORTGAGOR to comply with, perform, or abide by any of the agreements, ;
stipulations, conditions and covenants as set forth ab~ve in s~ct~o~s 1, 2, 3, 4 and 5, empowers the ~
MORTGAGEE herein, at his opt:on, to decJ~re the entire balance due h~reunder to be due and payable ~
at once. F~6lure of ~he N~ORTGAGEE herein, to exercise this option at any time shalt not con~tiiute a '
w3iver of the right to exercise this option at some later time. +
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(7) In tne event of forecicsure of this mort~age deed, the MORTGAGOR wi!I be held liab;e only to the ex-
tent of th~ properhj encum5ered by ihi; mort~age de~d. '
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(E) TriIS IS A ~ Z ~ d h'.ORiG~GE DccD.
,~9) T~
;'S A~r~,~a5~ P/~~NEY MORTGAG~ DEED.
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