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RAMGO /OAY 11~6
; . otia FORM Thb Instrument ~11,35 ~f~. ~;,it~~ E-~~. - ' }
C. R. Mc00NAtD, ,IR., Aito~n,y 1G~,( ~'a~~
~I Cifi~~ns Fad~rel 8•~;'d'nq •
, H. P+~rce, Ff~.Ide _~:~0
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= ~ October 71
~i f..Y~~~~~~~d r{~~• lst day ~J .1. D. i9 by
WINSTON K. DAVIS and PATRICIA R. DAVIS, his wife,
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he~einuJler rall~t~ 1{~e mo~tfluc~or, fo
i' GORHAM CONSTRUCTION COMPANY'S EMPLOYEES PROFIT •
„ SHARING TRUST
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~I hPreina~ter c~~~e~ f{ip morlgagee:
i~ IN'henver u~ Aen~n tl+e ierms ~'mwlKa~tx•• alK~ "OlurlRasee" iMludr all tLe putin to tAis irouum~nt asd t6e ?nn.
ii leqal reyre+rntati.es and aaiRns o( ~ndi~~duals. aed t6e wcreonn and a~u~n of cotporatioa+: asd t6e term "note,•
i~ inalude+ aIl iAe outn berein dncribtd it mwe tAaa oae.)
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~~tn~Q~~ thaf ~or ~ooc1 ~nd i~nluable considerations, and also in conaideralion oJ the aggre-
, yatp sum numec~ in I~F promisso~y noie o~ Pi~en ~ofe hereu~ith. tiareinu~ler c~escri6ec~, f~e mortgagor ~ere-
I; by granls, tian~nins, sel~s, aliens, remises, conopys and confirms unto the mortgagee a11 fhe certnin lantl
I) o~ u~hi~~~ fhe murlyn~~or is now sPiz~~ an~ in possession situale in St. Lucie County,
` ~j Floric~a. ~~iz:
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; Lot 12, Block 29, BILTMORE PARK SUB-
; i DIVISION, Public Records of St. Lucie
County, Florida.
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= i! Address: 1119 Soltman Avenue.
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5 i This is a Purchase Money Second Mortgage and is inferior to the
,;first mortga~e with ATICO , Miami, Florida, in the original amount
~~of $11,500.00, which mortgage the mortgagors herein assume and agree
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t j'to pay. (
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~j In the event that the mortgagor defaults in any payment of condi-
° ~~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 mortgage to be accelerated and become due and payable during
~Y the continuance of this mortgage, then the entire sums secured by thi
- mortgage shall become due and payable at the option of the mortgagee.
The mortgagor covenants and agrees to make all payments and per-
~3 form all conditions and covenants called for in any prior mortgages ~
now incumbering the property, and in the event of default in any such
payment or payments, conditions or stipulations, the mortgagee, with- ~
out 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 mortgages and prevent a foreclosure thereof. Any
- and all such sums paid or expenses incurred on behalf of the mort-
4~gagor, together with 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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Privilege is reserved to prepay this note and mortgage in whole or
j~ ~in part at any time without notice and without penalty. ~
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