HomeMy WebLinkAbout0026 ' ~to~o~ oaso Thls Instruma+t Was Prepa~ed (3Y:
?aw .aer G R, M~ppt~lALO, JR., A4tornht 11AMC0 FOIfM I~i•
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Ex~uied ~?~e 18th day o~ December A. D. t9 70 by
DONALD E. MYERS and PATRICIA A. MYERS, his wife,
hereena~lc~r ca~~ec~ fhe mortgagor, fo
i~
E; JAMES D. BOURN, A Single Adult,
~ereina~fer cal~e~ fhe mortgagee;
~ (Wkere~er u~ed 6e~ru t6e utm+ "oatss~o~' aad "mort~a;ec" i~clude all the putin w this inatrYOC~t aad t6e Mcirs
kf[+1 +cP+e~enutivea aad ~~m ot inirid~ala, aad tAe mne~sars aed auiass of corporstiews; aad t6e uro "wte•t ~
~ iarludes all the sotn ?erei~de~cribed i[ mae t6aw one.1
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~ that jor good and oaluable c~onside?ntio?u, and also In considera~ton o/ the agg?e-
t,. 'I gate sum named in IF~e promissory note o( euen dale her~ewitl~, hereina(ter described, the mortgagor here-
` ~ 6y granfs, burpains, se~~s, a~iens, remises, conveys ant~ con~irms unfo the rrearfgagee al~ fhe ce~tat~ luntj
~ o~ which the mortgagor u now seizecj anc~ in possession ailuafe in $t. LuCl.e County,
F~oric~a, t,iz:
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j The West 80 feet of the East 480 feet
of the North 135.25 feet of the South
~ ~ one-half of Outlot 7, less the South 25 .
~ feet for road right of way, according
to a plat of White City, as recorded in
I Plat Book 1, Page 2I, of the Public Re-
{ cords of St. Lucie County, Florida.
~ This is a Pua~chase Money Second Mortgage and is inferior to the
~first mortqage held by Citizens Federal Savings and Loan Association
~ of St. Lucie County, in the original amount of $15,500.OQ, dated
~ December 11, 1970, recorded December 14, 1970, in O.R. Book 188, at
~ Pages 2616-7 of the Public Records of St. Lucie County, Florida,
~ which mortgage herein the mortgagors assume and agree to pay.
~
~ In the event that the mortgagor defaults in any payment or condi-
~ tion stipulation in any prior mortgage for a period of sixty days, or ~R
` ~ in the event of any default in a prior mortgage so as to cause such
, prior mortgage to be accelerated and become due and payable during ~
~ the continuance of this mortgage, then the entire suQas.secured by
this mortqage shall become due and payable at the option of the mort-
gagee. _
The Mortgagor covenants and agrees to make aIl payments and perfoYm
~all conditions and covenants called for in any prior mortqages now
incumbering the property, and in.the event of default in any such pay
( ment or payments, conditions or stipulations, the mortgaqee, without
I 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 mortqages and prevent a foreclosure thereof. Any
and all such~swns paid or expenses incurred on behalf of the mort-
gagor, together with 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. ,
~ oa
~ RECEIYED IN PAYMEM OF TACES
~ DUE ON C 'C' INTANGIBtE PfRSONAL PR~PERIY,
PURSI~ANT TO CF1AP?ER Zp124, ACTS OF 1941.
P,OGtR POITRI(S, qet1~ qrcuit Cour}
as Agent fit DANIEL' M. I(NpyYIE~ 1f~,
SL c~'
,County Tax Collec~
L~J`~dti~LCZ~~
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j~ ~ DEPUiY CLFRK
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!I a~K 389 ~~Gt ~ .
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