HomeMy WebLinkAbout3754 i maturity is $5, 355. 35, together with accrued interest, if any, and all advance-
ments made by the mortgagee under the terms of this mortgage. (Unless reduce
by direc uct~on accq~l' to terms of mortgage and ~
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~ F.recutecl thP 20th ~Qy o~ Deeember A. D. ~9 72 by
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~ George M. Woodall and Dolores P. Woodall, his wife
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• II jIP~PUIQJlPr CQIIP(~ ~i~e moric~apor. /0 ~j:::: -sr. ¦z~~,...
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herei?iafler called the morlgagep:
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~ lN'sen~er u~ed ~rein the terms "mortRaRur•• aed "mo+tsasee" ierlude all the puties to t6is imwment aad tlt 6eir~.
i Inal repre~enuti~ea and aui m ot indi~id~ah. and the wccess~~rs aad anisws o! corporatioss: asd t6e urm '•aote••
i includes all ihe nutes Sereie ~ribed it aore thaa ooe.)
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~ ~~t~~e~~ thaf (or good and valua6le considerations, and also in conside?ation o/ tl~e aggre-
~i gafe sum name~ in Ihe promissory nole of even dale herewith, ~~ereinaJter des~ri6ed, ihe morfgagor kere-
~ by grants. 6arguins, se~~s, a~iens, ~emises, coni~eys ancl con~irms unto Itie morlgagee all t1?e certain land
I~ o~ which the mortgapo? is now seized and in possession situate in St. Lueie Counly.
~f Florida. t~iz:
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~ Lot 16 Block 6, SURFSIDE SUBDIVISION U1vIT NO. 1 accordin to the
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' plat thereof recorded in Plat Book 10, page 17, of the Public Records of
St, Lucie County, Florida.
~ This is a purchase money mortgage. The mortgagors covenant that they ~
will make a direct reduction of the note and obligation secured by this mortgage
upon the sale of their real property located in Ft. Lauderdale, Florida. The
I direct reduction shall be equal to the net proceeds of said sale. If the sale
; does not occur or if the net proceeds from said sale are not sufficient to
~ retire the note and obligation secured by the mortgage herein, then the
~i oalance remaining together with accrued interest, if any, pursuant to the
terms of the note herein shall be due on December 20, 1973.
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