HomeMy WebLinkAbout1026 ~I MOl~OAGE OEEO Ot[W'f FOiM E. ~ /A~whdwN (M wh ?y TM~ ~1. ~ 11t, On~ CwN~i
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li.~~~~~Ml ~6,~ lOth ~ay o/ SEptemLer A. D. ~q66 by
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BUFORD 8. BURKS, JR., and SHIRLEY J. BURRE, his wife ~
leer~•~na~ler ca~~M~ t~~e morl~~aflor, lo
~ LeWare W. McDaniels
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~ lu•rc~ir~n~ter coUetl tl~~ morlfl~fl~'~'~
I (Nheoraer LLti[d IItKiA ttm terms ,:aaoreta~or•• and "mwt~asee" i~lude all Um pvties ~o ~h~is imwmest and the Aein,
le~cal rsprrxotati~rs aad a+sitm ot indi~iduah, aad tAe wccecsn~s aad assi[u o( co~pwatioas: aad tht kra~ `•wote '
include+ all ~he aHn bere~ia druribed it more ~A~s wie.)
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~ ~/tn~Q~~ l/iat Jor goocl and val~iabla consideralions. and also in rnnsideration o/ the aggre= ~
na?c~ sum nam~d in Ihe promissory nole oJ euen date herewith, herei~njter descri6ecl. Ihe mortgagor here ~
~ by qranls, ban~~ins, s~~ls, aliens, remises, rnnveys ancl conJirnu unto t6e moHgagee all Ihe certain lancl
~ of u~hic~i th~ morl~ta~or is no[u snizc~ ant~ in possession situate in St. Lucie Counfy. ' j
?~~ori~~n. oiz: i
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It Beginning at a point on the north riqht-of-way line }
; of Orange Avenue (State Road No. 68), 46 feet north ~
~ and 20 feet west of the Southeast corner of the SW~ j
~ of the NW~C of Section 7, Township 35 South, Range 40 t i
! East, run thence North 1 deg. .Q2 min. East, 205.47 ~ ,
~1 feet; thence-South 86 deg. 46 min. West, 173.65 feet; ~
thence South 0 deq. 46 min. West, 204.8 feet to the ~
north right-of-way line of State Road No. 68; thence ;
' East, along the north right-of-way line of State '
~ Road No. 68, 172.6 feet to the point of beginning; ti
' containing 0.816 acres. ~
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` THIS IS A PURCHASE MONEY SBCOND MORTGAGE and is inferior to a , ~
; first mortgaqe executed by the Mortqagors herein in favor of the ; F
, Citizens Federal Savings ~ Lc~an ~~~o~iatiort. of St.L-uc:ie ~-Co~ in i
the principal amount of $11,800.00. ~
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In the event that the Mort a ors default in an a ~
~ g g y p yment or condi- ?
tion stipulated in any prior mortgage for a period of sixty days, i
- • or in the event of any default in a prior mortgage so as to cause j
. ` such prior mortgage to be accelerated and become due and payable t
during the continuance of this mortqage, then the entire sums
secured by this mortgage shall become due and payable at the
~ option of the Mortgagee.
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~ The Mortgagor covenants and agrees to make all payments and per-
form all conditions and covenants called for in any prior mort- ~
gages now incumbering the property, and in the event of default r
, in any such payment or payments, conditians or stipulations, the ~ t
° Mortgagee, without waivinq the option to foreclose, herein re- y
~ serves the riqht to make such payments, or perform such conditions
or stipulations so as to maintain the prior mortgages and prevent ~
i. i; a foreclosure thereof. Any and all such swns paid or expenses i
~ incurred on behalf of the Mortgaqor, together with interest thereo
~i 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.
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t !i Privilege is reserved to prepay this note and mortgage in whole
ij or in part, at any time without notice and without penalty.
~r psrMEAITO~'SAXE9
f: . ~C~~~d; ;V ~aVG14'_~ P~'i: ~NAC P~~PERTfi.
DUEON Ci~55'C"
PU+ls:l~Ht TO CNA?tE:t 2U'2t, l~;: fS uF 1941.
RG~G~it POi7it.>3, Cfark Circrt Gt,vrf
;f ~ qga~ #~t CtJ~TiS M.14A~4S
St. Lrci~ tos
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~ooK 154 4
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