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~ YORT(~AQE CEEO
l0?~O /ONM RAMCO FORM RE6
, `ia~~05
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I~ l:.CP('UIMI ~IIP 24th day ol Auvt~t4t ,A n~.~ 7~ t-,
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~i Charles L. Perry and Beck Perr , his wife -
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i~ he~eina~for callec~ tl~e morfga{~or. lo Ellanor W
. Rees
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i liereina~ler call~c~ flie morl~ugee:
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I (Wbere~er uxd 6ercia the terms ••murtaaRor•• and '•mortqasee•• include all ~6e partits to ~his imtrumeat asd thr 6ein,
kRal rcpresenqtires aad ani5ro o( indivi~wls. aad tlK succcawrs and assi~as o( corporatiod: aAd t6e term "sote••
includes all t6e nutes hcrcia de~cri6ed iI owre tAan one.)
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or good and nalu~blc~ considerations, and a~so in considerntion o/ the aggre,
~i c~ate sum nnmed in Il~e promissory note o) eve~ dafP herewilh, hereinajter descri6ed, t/~e mortgagor here-
~ 6y grants. 6arflnins, sells, aliens, remises, conueys ond confirms unfo the mortgagee all the cerlain land
~i o~ u~hich f{~e mortgapor is noiu sPizec~ anc~ in possession Jilunte in St. Lucie Counly.
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~ Lot 11, Block 19, A. C. DITTMAR'S SUBDIVISION, as per plat thereof
on file in Plat Book 1, page 27, of the public records of St. Lucie County,
Florida, less and excepting therefrom, the West 16. 5 feet.
~?~i0- ~v3-oo39 -oo%
This is a second mortgage, subject to and inferior to that certain first
mortgage from the mortgagors herein to First Fec~er~~ ~vings & Loan
I Association of Fort Pierce, dated July 12, 1972, recorded OR Book 201,
~ page 1802 of the public records of St. Lucie County, Florida. This second
' t mortgage is made on the express condition that if either the principal o.
~ ~ interest of the debt secured by the pri or mortgage is in default, or any of
! the~ions or covenants of the prior mortgage are broken, then, and in
~ such event, the whole sum of principal and interest of the debt secured by this
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~ mortgage shall, at the option of the holder of this second mortgage, become
~ immediately due and payable and this mortgage may be foreclosed at once.
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; Anthing herein to the contrary notwithstanding, this second mortgage shall .
` no± be frzely assumable by third party purchasers from mortgagors of the
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5 real property described herein. In the event of a sale to third party purchasers,
a this mortgage shall, at the option of the holder of this second mo: tgage, become
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~ immediately due and payable and this mortgage rnay be fo~eclosed at once.
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j~ - BCQK2~~ PAGE2378 -
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