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on account of principal due under said First Mortgage because
of payments made thereunder in amortization of the unpaid
principal balance of said First Mortgage. In the event of
prepayanent in whole of the Promissory Note secured hereunder,
including the aforesaid balance outstanding under the First
Mortgage, that portion of the prepayment equal to the outstanding
balance under the First Mortgage may be paid by Mortgagor
in escrow to a legally qualified escrow agent, who shall
receive the same in escrow, pay it to the holder of the First
Mortgage and obtain therefrom a satisfaction of the First
Mortgage.
9. The parties agree that under no circumstances by
the execution and delivery of the indebtedness secured by
this mortgage from Mortgagor to Mortgagee or the execution
and delivery of a Deed of conveyance of the property secured
hereunder from Mortgagee to Mortgagor, is the Mortgagor
assuming the First Mortgage or indemnifying the Mortgagee
with respect to same.
IN WITNESS WHEREOF the parties have hereunto set their
hands and seals on the day and year first above written.
WIT SS
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I HEREBY CERTIFY that on this day, before me, an officer
authorized in the County and State aforesaid to take acknowled~ments,
personally appeared CHARLES LOUIS ENGEL, to me well known to
be the person described in and who executed the foregoing
instrument and he acknowledged before me that he executed
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=_'~ ~~ :~:~, ~I3~+1~3$ my hand and ~ff icial se in the County and State
~~~~~jj~~v~,a~aid this ,~(~ day Qf , 1980.
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`~~~%c1~1;,t~~~~~~' State of Florida .c,~lcxne~ss:~~ ~?'°e1
I~Y ~~~ MY CCM':.ISS•
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C ES I. E, a s g e adult
"MORTGAGOR"
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STATE OF FLORIDA~
COUNTY OF ST. LUCIE