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~.1.' l' F_x~u~~ thp 14 th ~ day o( JUly A. D. ~q 71 by t
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~ ! ~preinaf ler calle~I Ihe morfgagor, io
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DONALD J. WII,LEMS and JOAN C. WILLEMS, his wife,
tierPinajlPl C(III~ t~P R10rI9ll9PP: _ ;
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INbemYr uard iercu Jm teras "oortRa~or~ awd "awrtRasee" iarlydr ap We
O+~ties 1o Uw iaswsrat asd t4 le+o.
~ _ kSal npresentati~es asd nai~n ~i~di~iduals, ~ad tAe snccesw+r~ an~' ari~~s o( c«ponrio~s: a~d ~c t~t~ ••~e,••
ierludr~ all tbe nutes ~erei~ de~cri i( ~~r )
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' ~~tn~~~ tha! jor good and_ voluable rnnsiderntions, and nlso in rnnside~ation oJ Ihe nggre,
ga~r sum named in Ihe promissory note o/ even dnle herewilh, hereinaJte~ descri6ed, t6e mortgagor here-
by ~rants, 6an~ains, se~1s, aliens, remises, conveys ancr c~ort~irms unto tl~e mortgagee nl~ tbe cei?fain ~nnd
it of u~tiic~ t~n morfyagor is now seized anc~ in possession situnfe in $t. Lueie County.
F~oric~a. t~iz: .
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Lot 15, Block 281, PORT ST. LUCIE, SECTION #1,
a subdivision according to the plat thereof
recorded in Plat Book 11, Paye 53, of the P u b lic ~
~i Records of St. Lucie County, Florida.
~ This is a Purchase Money Second Mortgage, and is inferior to the
?'first mortgage held by Citizens Federal Savings & Loan Association, i
!~the original amount of $22,000.00, dated October 16, 1970, recorded i
~iO.R. Book 187, at page 2179 of the Public Records of St. Luaie County
;;Florida, which mortgage the mortgagors herein assume and agree to pay
In the event that the mortgagors default in any payment or condi-
~ltion 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
~rprior mortgage to be accelerated and become due and payable during
' ~the continuance of this mortgage, then the entire sums secured by thi
~ imortgage shall become due and payable at the option of the mortqagee.
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~ The mortgagors covenant and aqree to make aZl payments and perform
all conditions and covenants called foz in any grior ~ortgages now
incumbering the property, and in the event of default in any such pay
~ment or pa;~ments, conditions or stipulations, the mortgagee, withou~.
!,waiving the option to foreclose, herein reserves the right to make '
'Jsuch payments, or perfornn such conditions or stipulations so as to
~imaintain the prior mortgages and prevent a foreclosure thareof. Any
j~and all such sums paid or expenses incurred on behalf of the mortgago
~~together with interest thereon from the date of payment at-th~ rate
~~of interest prescribed in the note underlyinq 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
~ipart at any time without notice and without penalty.
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ENTAc ~ g~ p+ ~.JA p-~E~ CdNT Tp .C1aPTER 20TT~ ACTS OFy 1321.'..
o - Jul.l~'71 s.~'• i:'CJ~ f~1~RAS, A!!k CIfiCOit COUd
~ ~ 4 5 0= as Ager,t i~! [.1~tilEl N. KMOWIf 1R
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P. 9 ~so~ ~z = • St tucie C~unty Tax Ccttector ,
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