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Fx~u~~d ~hR 23rd day oJ January A. D. ~9 75 6r
JOHN HERRING and BRENDA W. HERRING~ his wife
hereina~te~ cnlled the mortga9or, to
TOM I. MATHIS and JEANNIE R. MATHIS, his wife
hereina(Ier called the morlgngee:
~Khere~er uxd 6erein t6s terms "mort¢a~ai~ a~d "mor4~asee" i~rludc all t4 partia to ~iis ia+uy~e~t a~d t\e ?ein.
{eRal reprcxnati~es and aw~m o( iedrviduab. asd tA~ wccesv~n and ariRm ol corporatio~s: aad t!e ure ••~ote••
inrludes all the soas 6ereie desttibed iI more t6a~ oat.)
~~t~se~~ ttiat Jor good and valuable c~onsideroiioru, and also in consideration o/ the aggre-
gale sum named in Ihe promissory note o~ euen dafe herewilh, hereinaJter desc?ibed, t6e mo~tgagor I~ere-
by grants, 6oryains, se[!s, aliens, ~emises, rnnueys and conjirms unto tl~e mortgogee all !he certain lund
of which fhe morfgagor is now seized antl in possession situafe in S~. Lueie Cow~ey,
F~oricla, viz:
~ Beginning at the NE corner of the NE~ of the NW~ of the NE~ of
; Section 7, Township 35 South, Range 40 East; run South 584 feet
for point of beginning; from said point of beginning continue South
j 86 feet more or less to the SE corner of NE~ of the NW4 of the NE4 0
said Section 7; thence turn and run West 125 feet to a point; thence ~
turn and run North 86 feet more or less to a point 125 feet West of
point of beginning; said land being otherwise described as Lot 10
i of an unrecorded plat of METZGER ROAD SUBDIVISION and the portion of
land directed South of sa.id lot extended to the South line of the
, NE4 of the NW4 of the NE; of said Section 7, Township 35 South, Rang
( 40 East.
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~ i~ TOGETHER with right of egress and ingress to lot over and across the
~ ~i following described street, to-wit:
Beginning at the NE corner of the NE4 of the NW~ of the NE4 of Secti n
7, Township 35 South, Range 40 Esst, run West~125 feet for point of
I beginning; from sa,id point of beginning continue West 50 feet to a
'i point; thence turn and run South 660 feet more or less to the South
' ( line of the NE4 of the NW4 of the NE~ of Section 7, Township 35 Sout ,
4 I Range 40 East; thence turn and run East 50 feet to a point; thence
i turn and run North 660 feet more or less to the North line of the
G ~ NE4 of the NW~ of the NE4 of said Section 7 and the point of beginni g.
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~ ~ This easement shall be in common with the public in general.
~ ! SUBJECT to one first mortgage of record. ~
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~ THI S I S A SECOND MORTGAGE FOR PURCHASE MONEY .
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$ In the event that the mortgagor hereunder should default on any
~ i; payment due under the existing first mortgage to Mack Laznb and
~ ~i Virgipia Lamb, his wife~ recorded in O.R. Book 222 page 665, the
~ mortgagee under this second mortgage shall have the right to make
~ such defaulted payment to the mortgagee under the first mortgage and
~ il demand in writing payment of any said sum paid under this provision
_ within 10 days of such written demand or upon failure of the mortgag r
~ to make such payment within 10 days after demand, declare this purch se
ar .
~ money second mortgage to be in default under the default provision
~ otherwise noted in this instrument.
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