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41312
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_ Executed the o? 7 ` day of June, A. D. 1980, by
1dlICHAEL G. ALTERMATT and SUSAN J. ALTE1tMATT, his wife,
hereinafter called the mortgagor, to PAUL D. KENNON and PHYLLIS A. KENNON, his wife
hereinafter called the mortgagee:
(Wlere~ee u+ed herein tAe tetet ' aaoe asd "asoctaa~ee" iaclede all the Osrtia b tW itatrit~est and t4~?einl
hytal representatiees and ar~n of ini and the wcresors and awi~es of corpoeatiess; and the tert 'note'
includes all the sots bereia deacnbed it tsoee tAen oae.)
~~~SSt~, that Jor good and valuable constderattons, and also in constde?atton of the aggre-
gate sum named in the promissory note of even date herewith, hereinafter described, the mortgagor here-
by grants, bargains, sells, aliens, remises, conveys and conjirnu unto the mortgagee all the certain land
of which the mortgagor is now seized and in possession aituate in St. Lucie County,
Florida. viz: .
Lot 3, Block 7, SUNSET PARK REPEAT, according
to the Plat thereof, recorded in .Plat Book 11,
page 28, of the public records of St. Lucie
County, Florida.
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~ THIS IS A PURCHASE MONEY SECOND MORTGAGE.
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I ~ MORTGAGE COVENANT: This is a second purchase money mortgage $nter- t
` ~ for on y to first mortgage recorded in Mortgage Book 159 , at page
, of the public records of St. Lucie County;
Florida.
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~ In the event of default under the first mortgage, second mortgage
holder herein shall be entitled to cure any such default; a default _
of the first mortgage, above-referenced, shall constitute a self-
executing default of this second mortgage. All sums paid under the
first mortgage occasioned by first mortgage default shall be credit d
to the balance of the second mortgage and mortgagee shall be en-
titled to foreclosure and/or other cumulative remedies provided by
law. _
__L~~=~-'+- ¦ PAYMENT Of 1AXEi
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