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EXPt'UI~ I~A 17bh . day o/ December A. D. » 64 6y
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i. Richard E. Pye and 8etty D. Pye~ his wife
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~ hereinnJter called the niorttia~or, lo
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~ Paul H. Tausch and Frances W. Tausch, hi~ wi£e ~
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' he?~lnajter c~lled lhe mortgapes;
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~ (Whtrcver Wed htrrin the trrm~ "mort~~: or" ~ad "mortaagee" inelude all lhe paitks to ihis IMiril11lA1 ~nd the Acin
klta) reprtsentativts and aaai ru ot iMd~vi~ab and the mcec~an •nd wisiu ot corpo?itioro; and tht lerm "eote,f
[ includa aU tAr aotti 6ertin ~ribcd it more i~an one.)
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~ ~itnesseth
t r rhat Jor good and valuable c~onatderatlon~, ai~d also in con~tderaHon o~ the aggre-
i gate surrt namec~ tn [he promiasory note af evon ~ate ~erewilh, ~erelna~fer c~escN6ea, i{~e mortgagor here-
- by grant~, 6argatna, sell~, allena, remisea, conr,eya and con~trm~ einto the .mortgagee all the ce~tatn land
~ o~ w~ich fhe martga(~or Is now ~eizecl anr~ tn possesston at[uale tn St. LLiCl~ County, •
Z Fio~tda, viz:
€ E~ of W~ of E~ of NW~ o£ SW~ of Section
j~ 9, Township 35 Sauth, Range 39 East, excegt-
~ ' ing therefrom any right of way for Orange ~
~ Avenue. '
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THIS IS A PURCHASE MONEY SECOND MORTGAGE and is inferior to a first ;
mortgage executed this day by the Mor~gagors :,erein in favor of the
Citizens Federal Savings and Loan Assoefation of St. Lucie County, ;
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~ Florida; in the principal amount of $9,900.00, dated November 25, ~
~ 196~4, filed November 2S, 19b4, in O. R. Book104, Page 212, of the ;
Public Re~ards of St. Lucie County, Florida.
~ ~ In the event that the Mortgagors default in any,payment or
} ~condition stipulated in any~prior mortgage for a period of sixty day
or in the event of any default in a pridr mor~gage so as to cause
such prior mortgage to be accelerated and become du~ and payable dur
ing the continuance of.this mortgage, then the entire sums secured
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~ by this mortgage shall become due and~payable at the iption of the
~ Mortqagee. ~
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. The Mortgagor covenants and agrees to make all payments and
. perform all c~nditions and covenants called for in~any prior mort--
gagea now incumbering the property, and in the event of default in
any such payment or payments,-conditions or stipulations, the Mor~- {
. gagee, without waiving the op~ion to foreclose, herein reserves the ~
right to make such~gayments, or perform such conditions or stipu-
lationsi ao as to maintain the prior mortgagea and prevent~a fore- ~
r. ' closure thereof. Any and all auch sw~ns paid or expenses incurred on
~ ?~r~ha~f of the Mortvagor, together with interest th~reon £rom the dat
of payment at the~rate of interest prescribed in the note underiying
this mortgage, shall be added to the Mortgage indebtecUxess and be .
aecured by thi~ mortgage. -
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~ - Privileg~ is reserved to prepay ~his note and mortgage, in
whole or in pa~c~, at any . time witho~at notice and without ~ penalty.
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j - . RECE7VLb f~ Ili MYMETiTO~TAXF7i
q ` _ • Di1E01i CLASS'C' INIANGIBLE PER50NAL PitOPE~~
t :='~t~ . . . _ rURSUANTTOCHAPTER2072<.AGT~'hFi941.
. : ~ . ' , ROGfR POITRA:~, Cierk Circuit urt
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, . ` , . . . , . , . , ~ A~ f~or CU~:TIS M. JAMES
~ ~ . • , - . . SA 4icis 7ox Cdledor ~
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~ , ' ~ i • s ~ . . . ~ . DiPNI'Y CI.PA~ ' ,
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