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Executed the o~' September .q. D. 19 68 ,
b~/ '
JOSEPH RSYNOLD and HATTi$ BSLL RSYNOLDS, his wife,
hereinafter called the .7Kort~a~or, to -
CHARLI$ BARRON, JR., and MABL$ E. SARRON, his wife,
herc~inafter called the ~lfort~a~ee,
W1tIIC~t~ - that for di~ers ~ood and valuable considera~tions, dnd a,lso in
consid,~r~tioa of the a~'~e~ute su~n ncamed in the pro~nissory note of even date here-
with, hereirucfter described, the scr,id .Mort~ucgor, does ~acnt, bmrgaira, Sell, a,li,en, remi~se,
relea,sa, convey and con~irnz unto th,e said .hfortgaagee, in fee simple, acll th,at certa.in
t~+act of l~ccnd, of wh,ich the scr~id Mort~agor i,s now Seized acnd possessed, and in actzuzl
posaession, situate in St. Lucie Count~, State of Floridct, descri,Led
as follows:
Lots 1 and 2, Block 5, PARADISE PARR, as
recorded in Plat Book 8, Page 17, Saint
Lucie County, Florida.
This is a purchase money second mortqage and is inferior to the
first mortgaqe held by Citizens Federal Savings and Loan Association
of St. Lucie County, in the original amount of $13,600.00, and re-
corded in O.R. Book 171,~at Pages 2764-2765, which mortgage the mort-
gagors herein asswae and aqree to pay.
In the event that the mortqagors default in any payment or condi-
tion stipulated in any prior mortgaqe for a period of sixty days, or
in the event of any default in a prior mortgaqe so as to cause such
prior mortgage to be accelerated and become due and payable durinq the
continuance of this mortgage, then the entire sums secured by this
mortqage shall beconae due and payable at the option of the mortgagee. ~
~
The mortgagor covenants and agrees to make all payments and perfona ~
~ all conditions and covenants called for in~any prior mortqages now in-
cumbering the property, and in the event of default in any such pay-
ment or payments, conditions or stipulations, the mortgagee, without
waiving the option to foreclose, herein reserves the right to make suc
payments, or perform such conditions or stipulations, so as to main-
tain the prior mortqaqes and prevent a foreclosure thereof. Any and
all such sums paid or expenses incurred on behalf of the mortgagor,
toqether with interest thereon fraa the date of payment at the rate
of interest prescribed in the note underlying this mortgage, ahall be
added to the mortgage indebtedness and be secured by this mortgage.
Privileqe is reserved to prepay this note and mortgage, in whole
or in part, at any time without notice and without penalty.
'I'o Have and to Ho~d the amnie, together with tlce tene~nent,s, hereditc~.
~nent~s and ccppurte~cwrces, unto tJu sa,id .~fort$d~ee in fee simple.
AIId said Mort a,Qor doea eovenan.t with $cLid .hfort~agee that said .M~ort~et$or
i,s i~sdefea,sibly 8eized oj~ said la~t.d in fee si~nple; thait the said ,~tort~a~o~ ha,s f~Cll
pow~er and lawful ri~l~t to convey sa.id land i~a fee sirriple as aforeacaid; ~ it sh~ll be
lawfu.l for aaid JKort~a~ee at cill tinus p~eaceacbl~ and quietl~ to enter upon, 1col~.
oeeupy and e~jo~ 8aid l~cc~.d; tha,t aaid land is free from all iaeeu~nbr~a~teea; th,at said ~
.~ifort~ct~nr will r?uarTce auch fu~th,er aaaum,~cea to perfeet the fee ai~nple title to scaid
la~d r.n aaid .~fort~a~e~ a,t ma~ recr~onabl~ be riquired; and th~act aa~id .~fort~a~or
doag herehy ra+arr~ant tlu titla to aatd la~td aRd will defeRd the awrse a~aintt t,he
lawfu~i clai~n~t~~alt peraon~ whorr~soe~r.
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