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~R'i0A0E DEiO ~ RAMCO IOAr I~t•
.ONO ~OIIY C. R. McDLNAIU, JR•. Attorn~y `
Cit~s~nt feder~l Build~nq
I Fi, p;eres, Floride 33450
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- E.~u~~ ~hP lst day o( June ~ A. D. ~q 72 by ~
RICHARD L. MYERS and PAULA D, MYERS, his wife,
hereina(ter calletl the mortgagor, lo ~
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~ DONALD J. WILLEMS and JOAN C. WILLEMS, his wife,
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/ l~erein4/te? called the mortgagep: ~ ~
• ! (W6cre~er u~cd 6erein tAe terms "mor a~o~~~ and "eortsasei ~ IKIYd! iU II1t ~11d l0 t6i~ imtnt~est and tLe ?ein. _
~ k~[~ RP?esenutiti:a and ani m of indn'~dwls. u~d tbe w«e~s and u+iSn o( corporatiom: and tAe term ••wt~••
i~rludes all ~6e wta 6ercin ~ri~ed if mas tAaw oee. )
~lt~~e~~ tl~nt (or goocl and ualuable considerations, and also in consideration o/ the a88~-
gate sum nampd in If~e promissory note oj even clate tiereu.itlt, hereinQ/1er deacrt6ed, t{~e mortgagor 6ere-
by grants, bargains, seI[s, a[iens. ?emises, eonveys ar~d con/irms unlo the mortgagee all the certain ~and
o~ whic{~ the morfga~or is nou, seezec~ one~ in possession situafe in St. Lueie ~.'ounty.
Florida. uiz:
The West One-Half of The South 150 feet of the
North 460 feet of the West 183.05 feet of the
East 388.05 feet of the West 560 feet of the
NW-1/4 of the NE-1/4 of the SW-1/4 of Section 7,
Township 35 South, Range 40 East.
This is ~a secon~ mortgage and is inferior to the
first mortgage held by Citizens Federal Savings and Loan Association
of St. Lucie County, Florida, recorded in O. R. Book 196,
page 1914, Public Records of St. Lucie County, Florida ,
which mortgage the mortgagors herein assume and agree to pay.
In the event that the mortgagors default in any payment or I'
condition 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 pay-
able during_th~ continuance of this mortgage, then the entire sums
secured by this mortgage shall become due and payable at the option
of the mortgagee.
The mortgagors covenant and agree to make all payments and
perform all conditions and covenants called for in any prior mort-
gages now incwnbering the property, and in the event of default in
any such payment or payments, conditions or stipulations, the mort-
gagee, without waiving tr.e option to foreclose herein reserves the
right to make such payments or perform such conditions or stipula-
tions, so as to maintain the prior mortgages and prevent a fore-
closure hereof. Any and all such sums paid or expenses incurred on
behalf of the mortgagor, together with interest prescribed in the
; note underlying this mortgage, shall be added to the mortgage in-
debtedness and be secured by this mortgage.
Privilege is reserved to prepay this note and mortgage in
whole or in part at anytime without notice and without penalty.
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