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43 1~nsen 6eaci~, Florida 33457
338 7377 • 878-3757
T>;f18 MORTGAGE DEED, made and executed the ~ ~ day oi_~.e-CeNe~.~~_~ 1p79
by..~.~~__,._w.THOMAS GULLO and MARGARET GULLO, his wife,
hereinafter called the Mortgagor. which term shall include tt.e heirs, legal representatives, successors and assigns
of the said Mortgagor wherever Wa context so requires or admits.
to.._......._.._..........~B
D., PICKFORD and~CHARLENE.-PICI~•ORDt his wife
hereinafter called the Mortgagee, which term shall include the heirs. legal reprssenuUves, successors and assigns
of the said 1?iortgsgee wherever the context so requires or adnuu,
MTNESSETH: That for divers good and valuable considenUons, and also in eonsidention of the aggre-
gate sum named in the promissory note of even date herewith hereinafter described. the said Mortgagor doa
hereby grant. bargain, sell, alien,. remise, release, convey and confirm unto the said Mortgagee, his heirs, iucceasora
and assigns, all the certain piece_..., parceL._ or tract... o! land. of which the acid Mortgagor V now seized sad
possessed and in actual possession, situate in the County oL.._a~.~ra..~11.~1,~-------..and SLte of Florida, described
as follows:
- Unit 14, Parcel 2, of VILLA DEL SOL, INC., a Condominium, according
to the Plat thereof recorded in Condominium Book 1, pages 1-5, and
Unit 14, Tract 2, according to the amended Plot Plan of Villa Del
Sol, a condominium recorded in Condominium Book 1, pages 6-10, of
the Public Records of St. Lucie County, Florida.
THIS IS A PURCHASE MONEY WRAP-AROUND SECOND MORTGAGE.
Mortgagees agree to keep current in all respects that .certain first
mortgage in favor of First Federal Savings and Loan Association of
Martin County, dated February 7, 1973, and filed for record on
February 8, 1973, in O. R. Book 210 at pages 2547, et seq., of the
Public Records of St. Lucie County, Florida. In the event of the
failure thereof, Mortgagors shall have the right to make such pay-
ments or perform such other requirements and to have the same applied
in their entirety to the performance of this Mortgage. When all sums
due under this mortgage shall equal the sums due under the said first
mortgage presently against said property to First Federal Savings and
j Loan Association of Martin County, then Mortgagors may directly assume
said mortgage in satisfaction and payment of this mortgage, and
Mortgagors shall hold Mortgagees harmless from any further payment or
expenses arising out of said first mortgage. Mortgagees agree that
k they will not allow the balance under the first mortgage above men-
(1 tinned to be greater than the b~ajlance under this mortgage. -
t y ri« t 'x l~~r~~ :r 1 Xi.S
~C'~~ i'a_^^•iu:.. i.i_',.,":3iE F..:.~ •'L.~~p".).`,:Edn,
1U:.JV .•.ti T:. -i:.i. i ~ lj •iJ~, hilJ OF ..IIL
R:iG=R P~iIrAS ~
CLERK q~CUfT COUSi, Si. ltl:.lE CO.. FU1.J r ,
TO HAVE AND TO HOLD We same, together with all and singular the tenements, hereditsments and ap-
purienancea thereunto belonging or In anywise appertaining and the reversion and reversions, remainder sad
remainders, rents, issues and profits thereof and also tU the estate, right, UUe, interest, property. possession,
dai:n and demand whatsoever as well in law as in equity of the said Mortgagor is and to the same sad every part
and parcel thereof unto the said Mortgagee. and his heirs, successors sad assigns, in fee simple.
Md said Mortgagor, for himself, and his hers, legal repreaentaUvea, successors and assigns, hereby coven-
ants vtiih said Mortgagee. h+s heirs, legal representatf~•es, successor end assigns, that sold ~Sortgagor is lnde-
v feasibly seized of said land in fee simple; that the said 1•Sortgagor has full power and lawful right to convey the
same fn fee simple as aforesaid; that it shall be laW ful for said Mortgagee, his heirs, legal representatives, suo-
terrors and assigns, at all Umes peaceably and quietly to enter upon, hold. occupy and m~oy said land and every
pert thereof; that said land is free from all incumbrances: that said Mortgagor, h!s heirs, legal representatives,
successors and assigns, will make such further assurances to perfect the fee simple UUe to said land !n said
Mortgagee, his heirs, legal representatives, successors and assigns, as may rea,onably De required: and that said
l?tortgagor does hereby fully v<•arrant the Utle to said l~r?d and every part thereof and will defend the same against
~ the lax-fui cla+ms of all persons whomsoever.
PROVIDED AL~~ AYS, That i! said Mortgagor shall pay unto the said Mortgages the certain promteaoq
notr, of which tte foilowtng In words and figures is a true copy. to-wtt:
, _ i (1
- ; r z- ~ BJif~321 ~~~~1656