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'I f~. P;~rce. F1o~id• 33450
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~ F:x~u~~ thp 17th day o/ Novsa~ber A. D. to 6r
, JESSE W. PORTER and SALLY W. PORTER, his wife,
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fi tiereina(fe~r cnlle~ tl~e mo~tgagor, !o
,I JOHN M. YOUNT, a single adult
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tierpina~ter caUerl the ntort~~apee:
~ IN'Aerc~er uaed Aereu tle urss "~wrtRs~o~ aad '.mor4taaee.• ~aclude all [Ae putw w t?n i~1r~~~ ~~d t4.?ewsj
{ le~al rep~e+enuti~n and ar+~~s o1 iadi~~duab ~~d tAe mccr~.xs awd a~x~~s ot corporatior: asd ~Ae ttr~ ' w1e'
I ~nclude~ all ihe awn 6erei~ de~cribtd it mwe tlua oae. )
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~~l~e~~ t~at ~or gooc~ nnd nalua6le c~onsic~erations, nnc~ a~,so in co~aicleralion of t1~e aggr~e-
i gate sum namec~ in lhe promis~ory nofe o~ euen dale herewit{~, hereina~fer c~sscrl~, the mortgagor hs~e-
6y grants, ba?gains, sells, aliens. remises, conneys nn~ con~irms unto tl~e mortgagee nll the certain la?td
! oJ u~tiich I~P morfgagor is now seizec~ an~ in possession silunfe in St ~ Lueie Countr.
~ Florida. i~iz:
( East 10 feet of Lot 2, all of Lot 3, and the
West 5 feet of Lot 4, Block 12, SURFSIDE UNIT 2,
as per plat thereof on file in Plat Book 11,
page 8, of the Public Records of Sta Lucie County,
I Florid~.
~ This is a second mortgage and is inferior to the first mortgage
~~held by First Federal Savings & Loan Association of Fort Pierce,which
~~mortgage the mortgagors herein assume and agree to pay.
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` (f In the event that the mcirtg~.~~+r~ ~Qf3L'Zt in any payment or 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
4 prior mortgaqe to be accelerated and become due and payable during
¢ the continuance of this mortgage, then the entire sums secured by thi
; mortgage shall become d~se and payable at the option of the mortgagee.
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; The mortgagors covenant and agree to make all payments and perform
~ all conditions and covenants called for in any prior mortgages now
incumbering the property, and in the event of default in any such pay
_ ment 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 foreclost~re hereof. Any
~ and all such sums pafd or expenses incurred on behalf of the mort-
4 ~~gagor, together with interest prescribed in the note underlying this
fi imortgage, shall be added to the mortgage indebtedness and be secured
~ `.`by this mortgaqe.
~ Privilege is reserved to prepay this note and mortgage in whole or
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~ j~in part at anytime without notice and without penalty.
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- oF r L U R I u A a, f~h ~n ~c ~r~z~,+c~e~E ~x~o~ ~n.
_ W A i~ TO U'J1PT::R 2072~. IICTS OF 1941.
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