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Ex~u~ed ~ha 23rd day oJ Auqust A. D. iq 74 6y
RENNETH P. RIDER aZtd BVELYN S. RIDER, his wife,
herei~a)ter callecr tl~e morfgagor, fo
JAME~ W. CORBSTT and CLARIS M. CORBETT, his wife,
hereinafler called the mortgogee: -
~ (NSc.ever med bercia t6e aras "~oc a.d "aorgasee" i.cludr att tre p.rcies ro ~Li~ :wsu.~eat a.d tYe~?ans ~
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~1~~~~ that ~or good and valuable c~onside?ations, and nTso in con~idemtion oj the aggre-
gate sum n~mec~ in the promissory note oJ eve~ date herewii~, ~ereina~ter t~escrt~. the niortgagor ~ero-
by grants, 6argains, se11s, aliens, remises, canveys and ~~onfirms unto 1he morigngee all the c~eNnin .Innd
o~ u.•hich the morfgagor is now seizec~ and in possession siluafe ~n St. Lucie ~.'ouniy.
~ Florida, vir.
! Lofi 44, Block 472, PORT ST. ~UCIE, SECTION 26,
accord~ng to the plat thereof on file in Pla~ -
I Book 14, Page 4, of the PubZic Records of St.
Luci~ County, Florida.
This is a second mortgage and is inferior to the first mortgaqe
held by Citizens Federal Savings and Loan Association of St. Lucie
County, Florida, recorded in O.R. Boo;c 203, at Page 2020, of the
, Puhlic Records of St. Lucie County, Florida, which mortgag~ the
~ mortqagors herein assume and agree to pay.
In the event thaic the mortgagors default in any payment or
condition stipulated in any prior mortgage for a periad of sixty
days, or in the event of any default in a prior mortqaqe ~o as to
i cause such prior mortgage ~o be accelerated and become due and pay-
1. able during the continuance of this mortgage, then the entire sums
' I secured by this mortgaqe shall become due and payable at the option
I! ~ ~f the naartgagee.
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' The mortgagors covenant and :gree to malce all payments and
perform all conditions and covenants called for in any prior mort-
gages now incumbering the proPerty, and in the event of 3efault in
any such payment or payments, conditions or stipulations, the mort-
~ gagee, without waivinq the option to foreclose herein reserves the
j~ right to make such payments or perform such conditions ar stipula-
' tions, so as ta maintain the prior mortqages and prevent a fore-
is closure hereof, Any ar~d all such sums paid or expenses incurred on
behalf of the mortgagor, toqether with interest prescribed in the
f~ note underlying this mortgage, shall be added to the mortgage in-
'i debtednes~ and be secured by this mortgage.
jl Privil~ge is reserved to prepay this note and mortgage in
i~ whole or in part at anytime without notice and without penalty.
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