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.otio ro~r ~Q~~ Thlg InSt~ument ~~'P•+'~'~ ~ ~
~7'f C. R. McDO~JnID. .iR., A`?o~n~y
i~ Citi:~n~ Federal Bu~~o~nq
Ff, P~~res, Flo~ids 33450
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?:..P~urM! rh~ 21st aQ~ ~l December A. D. ~971 by
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L. C. SALTER and EUNICE SALTER, his wife,
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herpiua(I~~r ~a~~e~t~ f{~e mo?tpa~or, to
jj DAJED, INCORPORATED, a Florida
I! corporation I
hereina~iPr called the morf~~ngee:
~ I; ~N~Aerc~~er uaed 6ercin the terms '-mort[a~or" an~+ "mwl¢aqet" in[IuJe all the puties to tAis imvumtst a~d t6t htin, /
Ir[al repre.entiu.c~ and aasiRm ot ind~~iduala, aod tAe wcc~w.n and assitns ol co~yoratiws: and tAe term "eote" ~
i' include. all tAe o~tee A~~r;n .iescribed it meve eFun one.)
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i, ~~tnQ~e~~ ihat /or good nnd ralua6le i~onsiderations, and also in consideralion o/ the aggre-
gafP sum namec~ in Itie promissory note o~ ei~pn ~ate ~ereu~ilh, hereina~ter c~escribecr, t~e morfgagor here-
~I 6y ryrartls, F~aryains, sells, aliens, remises, com~eys and confirms iuito fhe mortgagee ~ll lf~e certain land
Or G'~iiC~: l~i? i120T=ff(:trili 23 Tiv^t2' 3t=t~!'~ Qli~ ti: j.353~35:.^.il Si~LtQ:c ili St• Lu{~+Z~ L.~3Ziltt}.
~ y'~~ Flori~Ia i~iz:
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l•~ „ The East 70 Feet of Lots 2 and 3,
Block 4, TUSKEGEE PARK SUBDIVISION,
as per plat thereof recorded in Plat
. ~ Book 8, at Page 74, of the Public
• I~ Records of St. Lucie County, Florida.
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~ This is a Purchase Money Second Mortgage and is inferior to the
~;first mortgage held by Citizens Federal Savings and Loan Association
!':of St. Lucie Countv, in the oriqinal amount of $13,200.00, and re-
~~corded in O.R. Book 197, page 2373, which mortgage the mortgagors
(iherein assume and agree to pay.
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' 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
F 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 sums secured by ~
r i this mortgage shall become due 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 pa
= ment or payments, conditions or stipulations, the mortgage, without
~ waiving the option to foreclose herein reserves the right to make
~ such payments or perform such conditions or stipulations, so as to
~ f! maintain the prior mortgages and prevent a foreclosure thereof. Any
~ I{ and all such sums paid or expenses incurred on behalf of the mort-
~ : gagor, together with interest prescribed in the note underlying this
~ ~j mortgage shall be added to the mortgage indebtedness and be secured
a ~ by this mortgage.
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- Privilege is reserved to prepay this note and mortgage in whole or
~ ` in part at any time without notice and without penalty.
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±x i,~ ~ ~ 1-' ~ t_--. _ ~ U i
; _i • : - " RECf1YED f~ IN PAYMENT OF 7AYES
~ - DUE ON CIASS 'C INTANGIBLE PE:iS(~NAL P~YJ?EZTY, `
LE:Z1 r1 ~.-!{~a''. ~ PURSUANT TO CHAPT=R 20724, ACTS OF 141I, ?
~ r..= ~ s~:~; ROG~R POITP.AS, C{erk Cirturt Court
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°T N u~ ,o,,,~. ! _
7 as Agertt tor GAF.^,~l N. Kt~UIYLES. !R ~
. ~ SL tucie Ccu. ty Tax Collector ;
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.p,~ : By ~7 C R ~ _
~1 n~mr c~rrK
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