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Ex~cu~al ~h~ 22nd day o~ July ~ A. D. ti6 6y
ALBBRT R. BURDGS and CONSTANCE R. BURDGS, his wife
hernino(fpr callpcl Itie morlgago~, to
JOAN D. BROWNING, M.D., 8nd VIRGINIA BROWNING, his wife
' hereinaf ter calle~l ihe morl~aflee:
INfLemYr used hereu iAe te~s "oat a~d "~or4t+sK' i~cludc aU t!e par~in a ~4b io~wse~t ud ~Ae ~ein.
kftal reMe+eauti~ea aud aariRm ot isd'n~ a~d tAe wcceaars awd a+~itn o( corporatiw+: a~d tk tsrw ••~otd•
iaciud~s all tbe ~utn 6erei~ described i( woce t6u owe.)
~ I?~at jor good and valua6le c~onsic~eraiions, and also in consideration o/ the aggre-
gafe sum name?e~ in I~e promissory note of euen c~afe hereu~tl~, hereina~ter clescribed, the mo~tgagor here-
6y gr+ants, bn~ains, se~~s, a~iens, remises, conveys and c~on~irnu unto f~e mortgagee a~~ l~e certaln jnnd
o~ w{~icti fhe morlfla~or is now seizec~ and i?t possession situate in St. Lueie County.
1' ~Or1~U. I~IZ :
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~ Lot 20, Block 2, o€ GREENWOOD SiJBDIVISION as
i shown upon plat thereof on file in Plat Book
~ 11, Paqe 41, of the Public Records of St.
~ Lucie County.
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~ THIS IS A PURCHAS$ MONEY SECOND MORTGAGE,being inferior to that
'i certain mortqage with First Federal Savinqs & Loan Association
of Fort Pierce, Florida, dated and filed March l, 1963, and re-
; corded in O.R. Book 58, at Paqe 86 of the Public Records of St.
( Lucie County, Florida, _
I~
~ In the.event that the Mortgagors default in any payment or condi-
~ f~ tion stipulated in any prior mortgage for a period of sixty days,
+ or in the event of any default_in a prior mortgage so as to cause
~ such prior jnortgage to be accelerated and become due and payable
~ durin the continuance of this mortgage, then the entire swns
g
~ E secured by this mortqaqe shall become due and payable at the option ~
of the mortgage~.
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The Mortqaqors covenant and aqree to make all payments and perform
all conditions and covenants called for in any prior mortgages now
encumbering the property, and in the event of default in any such
i~ payment or payments, conditions or_stipulations, the mortgaqee,
without waiving the option to foreclose, herein reserves the right
to make such payments, or perform such conditions or stipulations,
so as to maintain the prior mortgaqes and prevent a foreclosure
thereof. Any and all such swas paid or expenses incur~ on behalf
j~ of the mortgagors, together with interest thereon from the date of
payment at the rate of interest prescribed in the note underlying
, this mortgage, shall be added to the mortgage indebtedness and be
~ secured by this mortgage.
~ ` Privilege is reserved to prepay this note and mortgage, in whole
~ or in part, at any time without notice and without penalty.
~ I
! ~ 1N PI?`(ME1~Y Of 71?~[s
I` p~~+GEIYED S C~NSA1iGIBLE PERSONAL PRO~~•
li CUE ON CU?SS ~ ~
1! PU~3~~~T TOGNAPTER207'1~. ?CiSOF 194 .
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