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Executed the TWSNT1t-NINTH day of ~ AUGUST A. D. 1980 by
ROBBRT L. WATFORD and DANA WATFORD, hie wife
heretrtof ter called the mortgagor, to
JIIi~IY 8. WALKER and RUBY V . WALKER, his wif e
~tereina(ler called the mortgagee:
(1Yrere.Yr used renia the arm "roory[ and "ttwrtsasee" include a0 tre Parties to tri, intw~tat and the rein.
kttaf represeautivp aad aor~m of iadrv~aad tre aucetsrrs aad as.isp of corpontam: and tre tern '.note..
includes all tre notes berets dereribed if more oor•)
i
~~tnesse~, that jor good and valuable rnnsideratiorts, and also in consideration of the ngg?e,
gate sum named in the promissory note of even date herewith, heretna(ler described, the mortgagor here-
by grants, bargains, sells. aliens, remises, conveys and confirms unto the mortgagee all the certain Tared
of which the mortgagor is now seized and in possession situate in $t , Lucie County.
- ` Florida, viz:
Begi~ming at a point which is 25 feet North and 50 feet west of the Southeast
4 corner of the SW 1/4 of Section 3, Township 34 South, Rrnge 39 East, St.Lucie
County, Florida, which is the intersection of the North right-of~aay line of
Brinson Read and the West right-of-way line of Canal No. 7, thence run North
slang said canal ri,g~t-of-way line 206 feet; thence inn West parallel with
Bassos Road 250 feet; thence run South parallel with Canal No. 7 a distance of
206 feet to a point in the North rigk~t-of-woay title of Bassos Road, thence naz
East to the point of begirming; said hand lying and berg in St. Lucie qty,
i Florida.
i 1IIIS IS A P~UIi~~iASE IC=Y WRY-Aimi~lD NJpRT(,At~, which is subordinate to that
certain FIRST M~KPC~E held by FIRST FEDERAL SAVINGS it LOAN ASSOCIATION
dated Ma 29 73, r
215 ,page 370 o public records of St. Lucie Cornty, Florida,
erein mortgagee sire is presently the mortgagor of said first mortgage.
Mortgagor herein coverts and agacees to caaaply w3.th all of the terms,
provisions and conditiazs of said first mortgage (except the requirement to
make the payments of principal and interest thereon), and open complimnce by
mortgagor with the terms and provisions contaiized in said FIRST pDRI~G~ and
contained herein, mortgagee will pay the installmments of principal and interest
from time to time dire'under said FIRST MI~PCAC~ in with its terms.
~ If the mortgagor shall default in the performance of arty terns, provision or
condition of said FIRST M~P(>AI;E, other than in respect to payments ~f principal -
I ~ or interest ~e Ln~der the said FIRST N[~I said default shall constitute a
default under this mortgage and shall entitle mortgagee, at mortgagee's option,
i to exercise arty and all rights and remedies pravideyd far in a default situation
I ender this mortgage.
Mortgagee eova~aacrts and agrees that he shall make all of the p~rfncipal and
interest payments as they became dare under the aforesaid FIRST MArIC~E. In the
event the mortgagee fails to make arty payments rewired Linder the aforesaid FIRST
IrDR3.~(~, the mortgagor shall have the .right without waiving any rig(its or
remedies accruing by reason of mortgagee's breach, to pay any payments due on
said ~ZRST Nom, and to charge the same against the next ~t due Linder
this mortgage. Mortgagee shall deliver evidence of mortgagee's due payment of
~ installments of said FIRST M~ to the mortgagor and entice shall be given
within twenty (20) days after each such payment. Both mortgagor and mortgagee
agaree promptly to send each other copies of any notices received by themifrom
' the holder of the said FIRST MORPGAGE•
I In case of default by the mortgagor hexetnnder, in addition to any other rights
and r®oexii,es available to the mortgagee, mrnrtgagee may, but need mt, make any
payment or perform any act herein required by mortgagor in airy farm and warner
F It deemed eucpedient, and may, but need rot, make full ar partial, pmts of
I ~I principal ar interest an said FIRST M~r~, other prior a~cud7rances, if any,
and purchase, discharge, oompr+atdse or settle the FIRST MJRI~E, any tax lien or
!f other prior lien or title or claim thereof, ar redeem Eras any tax sale or for-
feitt~e affecting said premises or contest any tax or assessment. All monies
!paid for arty of the purposes herein authorized and all expenses paid ar incrared
in cocm+ection therewith, including attorney's fees, and any other money advanced
,4 by mortgagee to protect the mortgaged prendses and the lien hereof,shall be so
much additional indebtedness'sec~sed hereby and shall become immediately due and
(contirnled on Addaldem, attached and made a part hereof .
X338 p,~i~~ ~
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