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~ ~ i Executed the 7th der of September A. D. 19 79 br
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'lZ~ m DONNA J. FREEDMAN axtd JOSEPH-J. FREEDMAN, her husband--
~ V! - • heretrwjter cal!«l the mortgagor, to - .
~ li ~~~r, ~ 3 RIB F. 9Q5 and B.5Z03 M. 9Q~S, his wife
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,W~E,~ hereinafter called the mortgagee:
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~ 1 ~ (111 N - (w?aerrr ~etd ?ersia tAe leiar 'ti i~a~d "~tpaee" uchde .r dr wa« to iii i..a.MSt vi tit. t~
kpt .epre.e~atives ..a of ud de wa+eras aad ..iw of eayon.eiw: ud dis w. `..1e
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that for good and valuable oarutderatio?ta, and a4o in oonatderation of the aggre-
' £ 9 Q ~ ~ 'gate aunt named in the promtasory note of even date herewith, hereinafter desaibed. the mortgagor herw
- : ~ r Wcte _ ~ br grants. bargains. seUa. aliens, remesea. conveys and aanjinna unto the mortgagee all the oarialn land
_t„n! - ~ of u:herh !hs ntoslgagc: is "r:otsr ssi:rd and ite possresiQn situate in I~ie County, _
Florida. viz:
I. Lots 1 through 8 and Lots 15 thraugli 18, inclusive, Block 1, ~ Si~DIVISICN,
aeoording tQ the Plat thereof as reoarc3ed fn Plat Book 9, page 55 of the Public
Aeo~or+ds Of St. Lucie Qovnty, Flarida; with the following ~ Pte'`'
ee].; Oaocmayoe at the Noolttatest corner of Lost 1, Block 1 of said ~kIIMAN S(~DZVI-
SION, tt>eryoe run West 45 feet t4 a point; tl~enoe run South parallel to Lots 1
through 4, B1odc 1 of said I43{II~N StIBVIVISIC~i a distance of 280 feet tro a point;
thence run East '45 -feet to the Souttnaest Darner of Iat 4, Block 1, of said
M~i3 S[~UIVISIO[1; thence North to the point of beginning.
Mortgaggees aclatowLedge that they have aonctaTently with the e~aecutiAn and deli
of this instranent eonv+eyeci the about-described prnQerty too mortgagors aTrd
ackr~awlsdge that said property is currently encumbered by those certain mosbgages
described as follows:
a) Morbga,ge from Richard F. Sdwldes arxi -Fame M. Stiiuldes, his wife to Walter B.
Gudwer anti Gladys A. C;~ffiwer, his wife, Batted June 13, 1972, filed for record June
16, 1972, in O.R. Book 203, page 1300 of the Public Recomds of St. Lucie C7aaity,
Florida, securing the sum of $20, 700.00 (Hereinafter referred t4 as tAiclwer mort-
gage) b) Nart~gage from James A. Taylor and Patricia Taylor, his wife, to Merle
i J. Ellsworth and Mary G. Ellsworth, his wife, dated May 27, 1968, filed May 28,
~ 1968, in O.R. Bock 172, page 297 of the Public Reoor+ds of St. 7~ucie Qatuity,
securing the sum of $33,000.00. (Hereinafter referred to as Ellsworth morbga~e)_
c) Mortgage from Walter B. (~adw~er and Gladys A. (~idwer, his wife, bo James A.
E Taylor and Patricia Taylor, his wife, dated Nava~aber 30, 1971, filed for record
Nvvaaber 30, 1971, in O.R. Book 197, page 1666 of the Public Reoor+ds of St. Lucie
Qotuity, F].ori~da, securing the aunt of $41,500.00. (Hereinafter referred to as
Taylor mortgage) Mortgagees warrant that the C~dwer' mortgage is in good staniiny
and has a current principal balance of $ 6, 210.00. Mortgagees
that the Ellsworth mortrgage is in good standing and has a current outstanding
principal balance of $ 2,500.04 Mortgagees warrant that the Taylor mortgage is
good standing and has a current outstanding principal balance of $25,616.29. Mort
gagees agree that it shall continue to be their responsibility too pratwptly pay
disc~~sarge all obligatia~s under the (~aer mortgage, Ellsworth mortgage and Tay
mortgage as they beoane due. further agree to ~ and hold Mont.
gagor hauctNess of and fzcm any cl,aim, loss ar damage an aooo~mt of the existence
` of the (~dwpr mortgage, Ellswvacth mortgage and/ar Taylar mortgage, and further
agree that if they fail to promptly pay any sun due iuY3er the (der mortgage,
- Ellsworth mortgage, and/ar Taylar mortgage, then. m~bgagar, at their option may
pay the same and deduct the amo~uit of such payyment, togetY>er with interest
at the rate of 7$ per anrnsn, Eton the next payment oami.ng due tinder the
note secured by this mortgage. Upon request by Morbgagar, Mfoa:'tgagee shall Eton
time to time furnish M9~' with oapies of cmnoelled c3~eeks ar other satin-
factoQ.y evides~oe reflecting that the Gower mortgage. El].sworth~ mortgage and Tay
mort~e are current and in good standing. Mortgagees further warrant that the
I Gur3wer Ellsworth mortgage an<i Taylor nlort~ge shall be paid in full and
an app~tipri.ate satisfactjon thereof reoar+ded iii the Public Reoar+ds of St. IuGie
Dottnty, FLoI>~ida similtaneot~sly with ar pariar to payment in full of the proted.ssory _
note sec.•ured by this mortgage.
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