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Executed il~e 31 s t. day o/ October A. D. ~974 by
O. C. THOMPSON and LUCILLS TAOMPSON,~his wife
~ereina~ler caUec~ ihe mo~tgagor. fo .
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~ C. W. OUTWATER and-BARBARA J. OUTWATER, hiB wife
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l~eroinaJtor called the mwtgagee: 810 PALM AVENUE ~ FORT P 1 ERCE ~ FLORI DA ~
(Nt6eieve~ ~rcd ?en+~ ~Ye ~er~s ' ud ~ JI ~M Mrtir a d~ irt~e~t ~i tM ~drs~
kpl reoce~esa?i,ea awd a~w~~ ,o~t~~L. ud tb ~.on~.or+ ~wi a~i~~s e( ose~o~s~: a~d tM ~~•~M•
iwrlyde~ all t~s ~ota ~aei~ deau~d iI ~aee tlu o~e.)
~u1~~~ ll~nt ~or good and ~xiluable ro+utd.~eto~,. ~ aVo in oonstdwntlon of th~ ogpro-
gate sum named in ihe promissory nots of e~en date ~erouiifh, he?eina(t~+r dtsc~i~. t~s mortgagor ~t~e-
6y grar?ts. 6argains. sells. aleens. remtses. comw~+s and oon~irms unto tl~~ ~nortgags~ aU the certatn land
oj w~ich t~e mo?tgagor ia nou~ setza~ and in pos~euton i~taafe in St. LIICfe County.
Flontda. vtz: _ ~ ~
Lot-10, Block 45, RIV$R PARK UNIT 5. as per plat thereof~recorded
in Platr Book 11, Page 31, af the Public Records of St. Lucie
County, Florida. -
This is a second mortgage and is inferior to the first
mortgaqe held by CITIZBNS FEDERAL SAVINGS AND LOAN ASSOCIATION
OF ST. I.iJCII: COUNTY, recorded in O. R. Book , paqe 4~~
Public Records of St. Lucie County. Floirda,
w~ortgaqe
~ the mortgagors herein assume and agree to pay.
' In the~event that the mortgaqors default in any payment or
condition stipulated in any prior mortgage for a period of sixty
days, or in the event of any default in a prior mortqage so as to
cause such prior mortgage to be accelerated and become due and pay
able~during the continuance of this.mortgaqe, then the entire sums
secured by this mortqage shall become due and payable at the optio
of the mortqaqee. ~
~ The mortqaqors covenant and agree to make all payments and
~ perform all conditions and covenants called for in any prior mort-
' gaqes now incwnberinq the property, and in the event of default in
~any such payment or payments, conditions or stipulations, the mort
qaqee, without wai~inq the option to foreclose herein reserves the
~ right to make such payments or perform auch conditions or stipula-
tions, so as to maintain the prior mortgages and prevent a fore-
closure hereof. Any and all such swas paid or expenses incurred o
behalf of the mortgaqor, toqether with interest prescribed in the
note underlying this mortgaqe, shall be added to the mortgage in-
debtedness and be secured by this mortgaqe. ,
{
j 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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