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! Executed the 1st day of Au tat A. D. 19 80 6y
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i WILLIAM 1:. GORDON and LESLIE L. GORDON
I hereinafter called the mortgagor, to
STANLEY M. HUDDLESTON and DIANA LOUISE HUDDLESTON
~ LAND & RIVERS, INC.
hereinafter called the mortgagee:
i IN'here~~er used herein the tertm "tnorttattor" aur! "mortRaSee" iscludr all tht pubes to tiffs instrt?ment asd tie ?tin, 1
kcal rcprcsenuuses and asuRm of isdividuab, and the wccessors and assiRw of corporalios+; and tie term "sole"
includes all the notes herein drscribed i( more flue oae. )
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~I~SSCbt, that Jor good and valuable considerations, and also in consideration of the aggre- ~
j gate sum named in the promissory note of even date herewith, hereinafter described, the mortgagor here- i
by grants. 6n?gains, sells. aliens, remises, conveys and confirms unto the mortgagee all the certain land `
I of which the mortgagor is now seized and in possession situate in St . Lucie County. `
~ Florida, viz: t
i
~ Lot 6 Block 49 Port St. Lucie Section 25,
according to the plat thereof recorded in
Plat Book 13 page 32 of the public records
of St. Lucie County, Florida.
i This is a purchase money second mortgage.
l The parties hereto herein recognize that this is a purchase -
~c money second mortgage inferior to that mortgage in favor of
` PAUL D. COMBS and LORENE B. COMBS dated January 25, 1980, and
recorded in Official Records Book 326, page 516, of the public
( records of St. Lucie County, and the Modification and Extension
Agreement of said mortgage dated May 12,.1980, and recorded in
~ Official Records Book 332, page 1125, of the public records of
St. Lucie County. The parties hereto further reco nine that
~ paragraph 2 of the above referenced Mortgage Modification and
Extension Agreement provides that PAUL D. COMBS and LORENE B. COMBS ,
j are to receive a full year's interest due as a penalty if said
mortgage and modification thereof are paid in advance during the
(Ii first year of said note, mortgage and modification thereof. It is
i~ recognized between the arties herein that the wort a ors have
P g g
I~ assumed the note, mortgage and modification thereof to PAUL D. COMBS
and LORENE B. COMBS as a result of conveyance of the above reference
j property to the mortgagors. '
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It is further agreed that between the parties hereto that in th
~ event mortgagors herein prepay in advance the obligation to PAUL D.
~ COMBS and LORENE B. COMBS referred to above, any penalties assessed
or payment of unaccrued interest by the mortgagors hereto, said
I amount shall be a reduction of the principal due the mortgagees
under this note and mortgage. The parties hereto specifically agree
~ that this mortgage and note secured hereby provides that in the
event any penalties are assessed for prepayment in advance of the
~ COMBS' obligation, said amount shall be a reduction of the principal
balance due under this note and mortgage.
`I
l~ Non of the above effects the note of Land & Riversr Inc. t
i) Realty, secured by this mortgage.
j
Recehred e ~ M Prhrr»ent Or Texas )
- - t Dw On Clans "C" Intan~~leParsonatprop+rK,
F - _ , ' ! oursuarn To Chapter 71e 134, Acts Ot' 71~
_ - ~ ROGERPOITRAS
- . ~ - ~ - ~ Ctsry Circuit Coupe SL Lacier Co.r Rr.
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