HomeMy WebLinkAbout0050THIS INST1tUPtENT PREPARED BY: JAMES J. BUTI.ER, ~~q35'~
. At torney At l.aw /
821 E. Ocean Blvd. PS-4234 uZs
Stuart, Florida 33494
THIS WRAPAROUNO MORTGAGE DEED is executed this 4th day of March 1981 ~ ~
by WIILIAM C FOX and DEBORAH K FOX, His Wife, hereinafter called the Wraparound 5~°~
Mortgagors, to LOREN R EWING,.a single man, and LINDA L EWING, a single woman, here-
inafter called the Wraparound Mortgagees:
WITNESSETH, that for good and valuable considerations, and also in
consideration of the aggregate sum named in the promissory note of even date herewith,
hereinafter described, the Wraparound Mortgagor hereby grants, bargains, sells, aliens,
remises, conveys and confirms unto the Wraparound Mortgagee all the certain land of
which the Wraparound Mortgagor is now seized and in possession situate in St Lucie
County, Florida, viz: y ~
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Lot 8, Block 162, PORT ST LUCIE SECTION 4, according `= w~~ ~
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to the Plat thereof as recorded in Plat Book 12, ~~ =;;N
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pages 14A through 14G, of the public records of St ~_~ ~ t~
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Luci e County, F1 ori da. ~:< „~ N
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Subject to easements, reservations, restrictions, ~, y ~ ~
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zoning and ordinances of record and taxes for the a r1~ ~
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calendar year 1981 and all subsequent years. ~ ~~ ~
TMis Wraparound Mortgage is a second mortgage. It is inferior to a
certain mortgage, herein called the first mortgage, which covers the above-described
property, and which was executed on 18 April 1979 by Loren R Ewing and Linda L Ewing, ~
His Wife to Citizens Federal Savings and Loan Association of St Lucie County, herein
called first mortgagee and recorded on 20 April 1979 in OR Book 307, page 952 et seq
of the Official Records of St Lucie County, State of Florida. Such first mortgage
was given to secure thepayment of the original principal sum of Thirty-four thousand
dollars and no/cents ($34,000.00) with interest at the rate of 10.25 percent per annum
on the unpaid balance as evidenced by a promissory note executed by Loren E Ewing
and Linda L Ewing, His Wife, payable to the order of first mortgagee and payable in
accordance with the terms and conditions of said promissory note, the terms of which
are incorporated herein by reference. With respect to the first mortgage, Ewings and
Foxs agree as follows: ~
a. Ewings represent and warrant that there exists no default or any
event that would constitute a default under the first mortgage; and the infornwtion
set forth above with respect to the first mortgage is accurate in every respect.
b. Fox will pa~ directly to Ewinqs, their successors and assigns, the
installments-of principal and interest required by the first mortgage in accordance
with the terms of the note hereby secured and will not make any payment directly to
; first mortgagee or request any release, partial release, amendment or other modifi-
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