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Fr~u~pd ~h~ 31st ~Qy ol January A. D. t9 73 6y
WOOD, BEARD AND ASSOCIATES, INC., a Florida corporation
I I~ereinaffer ca«ed f1~e mortpaflor, !o Gi ~LB~RR, BI,OODWORTH drif~ G. ERNEST
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j BLOODWORTH, a partnership doing business as Cherokee Products Compan
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' hereinaJter called the morlgagee: ~
(Whe~e~er used 6ereia tbe tetm "oat aed ••mo~y~~~•• iKlude aU tl~e putin to t?i~ iwwsest asd ~le ?ein. ~
ki[al reprearnut;.ta and aa~ ws of indivi uh, aud t~e wccason and anis~s d capor~ta~s: a~d tLe urm ••wte••
ialudes aU t6e eutes 4creis drscribed iI mae tAaa oee.)
~~t~e~ll~ lhat (o~ good and valua6le considerntions, and also in consideration oj the a98re,
gate sum namec~ in if~e promissory note o( euen c~ate herewif~. ~ereina~ler descrtbed, fhe morlgagor here- k
6y granfs, bargains, sel~s, aliens, remises, conueys anc~ con~imu unto fha morfgagee al~ !he cerfnfn lant~
' o( ~h«h ~he mortgagor is now seizec~ artcl in possession situu~e in $t. Lueie Cowtty,
~ Florida. oiz:
+ Lots 1 through 10, both inclusive, and Lots 27 through 31,
~ both inclusive, Block 43, SAN LUCIE PLAZA SUBDIVISION, according
to plat thereof recorded in Plat Book 5, page 57, of the public
records of St. Lucie County, Florida.
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TOGETHER WITH all furnishings, furniture and fixtures situate in
the apartment building on the conveyed premises and owned by
+ Mortgagor, there geing specifically excluded the personal
~ property situate in Apartment No. 25.
+ THIS IS A PURCHASE MONEY MORTGAGE being subsequent and inferior
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to mortgage of even date herewith from Mortgagor to First National
~ Bank of Fort Pierce securing the sum of $70,000.00, and ~ecorded
~ immediately prior hereto.
It
IT IS DISTINCTLY UNDERSTOOD AND AGREED that any default under
the terms of the first mortgage from Mortgagors to First National
~ Bank of Fort Pierce or the promissory note secured thereby sha1.1
automatically, without notice, constitute a default under the te
of this mortgage and the promissory note secured hereby, and there
upon, at the option of the mortgagee, the then remaining balance
due on the indebtedness evidenced by the promissory note shall
become due and payable.
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