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_ P-1613/ems = 10
~pt'!'tAtt Otto RAMaO RORM
45'7581 -
• ~ • -
Executed the 2Znd day o/ August ~ ~ A. D. 19 79 6y
MAJ08 SAS and 8Sl'8A MAB SIMS, hie wife
he?etrlaf
fer called the rrwrtgagor. to "
TElOIiAS BIICHANON ~ and DONNA DUCEIAtION,'t=$s• ~dfa
hereinajter called the mortgagee: -
(wiererer ..ee saes. ti. ttr "~~aad l.cwe a• ei! ~..+i... iii. i.ta.n..e aai ti. r.i..s
~ .graewat..++ . +p~ ~.r .d a...oo..«...+ ..i~..~ ~t «.P«.ti~..:.d 1b 1e.. °...d
ladnda all tie .ete..ietstta u sae.)
nu~tbt, chat Jor good and minable eortrideratiorts. and alw to consida+ottort of eh. aggr~e: -
gate stun named in the prorniasory note of etert date herewith. hertatrtajter desatbed. the wortgagor htlr~e-
by grants. bargains. sells. aliens. r+srnises. oonwys and oonjirrru unto the mortgog« all the c~wtain land
of which the mortgagor is now seized and in possession situate in St. Lucie County.
.Florida, t~h: -
The North 1/3 of Lot 26 and ALL of Lots 27 and 28, Block
- 45 of SA1~ IACIB PLAZA, UNIT ONB, as per Plat thereof,
recorded in Plat Book S, Page 57 of the Public Records of
St. Lucie Cotmty, Florida.
THIS IS A PUBCHASB-MONEY-MORTGAGE-GIV~I TO-SBCIIBB A_P08TION _OF_TH8_PIIgCHASB_~_
The aortgaged presises are subject to the lien of the following described Mortgage
hereinafter referred to as the "Senior Mortgage"
Mortgage from THOMAS M. BII(2IAti0N and DONNA BII(2IANOZi, his wife to FIRST
FSDERAT. SAVINGS and LOAN ASSOCIATION OF F08T PIBBCB dated Septeaber 17,
1974, filed Septesber 20, 1974 in Official Records Book 232, Page 253 of
the Public Records of St. Lucie County, Florida in the original principal -
stmt of $13,000.00.
The mortgagor herein agrees to comply with-all the te>Zms of the "Senior Mortgage"
except the requirement to make the payment of the-principal and interest thereon
and on compliance by the mortgagor with the terms and provisions contained in
said "Senior Mortgage" the owner and holder of the note secured hereby will pay
the install>sents of principal and interest from time to tine due mnder said
"Senior Mortgage" in accordance with its terms.
It is hereby agreed by the sortgagor and the mortgagee herein that the total in-
debtedness evidenced by the "Senior Mortgage" and the note secured hereby is
$ 35, 200.00 The principal balance of the- "Senior Mortgage" as of the date of
this agreement is $11,778.40. -
The mortgagors further agree that they will. not Hake any voluntary inter vivos
transfer of the premises or any part thereof, without first obtaining the written
consent of the sortgagee. Any such transfer, if the ~ortgsgee shall not consent,
shall constitute a default under the terms of the" instrta~ent.
In the event the mortgagor ezercises his right to pay the note secured hereby in
full, then the mortgagee agrees to satisfy said "Senior Mortgage"-isediately.
. ~E~EA ~ ¦ ?AYtt9tT Of TAxES
ri STATE ot= FLL7R 1 J A~. - oi~ sit cuu -r rrTS ralswlu ptlo~atr,
o= `r DOCUMENTARY . _ ~~M____ P _ta X 1 ~n~r Ta uaPt~a n-is~, ~crs of tin.
°c v SEPT. OF REYEfltIE . ' ' - - ~
a _ f p Q ~ 9j~ ~ MIMar iL IM's ~ !li-~
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- - = ~ 3~5 P~E2~~48