HomeMy WebLinkAbout0301 I9. Vaitdity of 1'erms . This Mortgage has been executed and
delivered i~ the State of Georgia, and shall be constcued according to
the laws tlien~of. If any provision he~of shall be prohibited by or
invalid under any applicable law, such provisions shall be ineffective to
the extent of such prohibition or invalidity, without invalidating the
remainder of such pro~~isions or the remaining portions of t}iis Mortgage.
20. First and Second MortQages.
(a) As to Parcel 1 hereinafter descrihed, this Mortgage is
subject, subordinate, junior and inferior to the lien of the following
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Mortgages:
(1) Mortgage dat~d February 10, 1970, frnm
Homer Hoyt (owner of 1/4 interest) , Gertrude M. Hoyt
(owner of 1/9 interest), Bernard Paskin (owner of 1/4
interest) , Ma~: Bassin (owner of 1/8 interest) and
David Hornstein ~owner of 1/8 interest), to The Bank of
Palm Beacr ~ Trust Company, as Trustee, f.iled March 2,
1970, and recorded in Officiai Records Book 183, ?age
719, of the public records of St. Lucie County, Florida,
in the original p:incipal sum of $232,000.00.
(2) Mortgage dated September 1, 1972, from
' Warran ivlcFadden to Homer Hoyt and Gertrude M. Hoyt, ~
~ his wif~, ~iled September 15, 1972, and recorded in ;
~ Officia~ i;~cords Book 206, Page 1179, of the public :
; records of St. Lucie County, Florida.
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~ ~h) As to Parcels 3 and 5 hereinafte: described, this Mo:tgage is
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~ sab~ect, suborc~in~te, junior and inferior to the lien of the following
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~ "!~ort~~iges:
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~ (1) 11s to Parcel 3: 1~4ortgage~dated Septe;nber 1,
~ 197~, from Warren 1~1cFaclden to 1-Iomei~ Fioyt anc'
~ Gertrude M. Hoyt, his ~vife, filed ;eptember 1;;, 1972,
~ anci rPcorded ir. Official F.ccords Book 206 , Fage 79 ,
~ ~f t~-~e public record:, of St. Lucie C~unty, Fjorid~i.
~ (2) As to t~~rcel S: ~~tortgac~e dated Se~tembe:
1~7`L, iro.n W<zcr~~n h~icFar'.c'__a to Flomer ~ioyt and
~ Gc~~t~u~ic l~~I. tlct~ r, his cv~ fc• : as to ~ii «ndivicled li 2
- 1:1t~'•~i`_,f, l'~'17i.i!~_I i~ :;.tJ'1 :t•• 2'~ %lR G11i~I~']Cii~C~ ~ li:ti'r::~'-
li~'.;~'1i1, ; tL~ ;?I~ lltl~'1'.:'{i:;~ ;i~if 1;1tCff~:~l; c:il(~
U~~vi~~ ii~rn:'~~i?1, :`cs . r~ i~:;~i~~.~:c~c~c: 1/~; ir~tcrest,
:~lccl S~~; . 15, 1`~%?. ~~i~l recorcl~~d in C~ffici~l
R~cc;::;~~ ;.:,o}c '1.0~., i'a~,c I 1 c~f th«~ puhiic r~~cor~ls of
,,t . ic C~~i!t,! , 1'lori:l~i.
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