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li ~o ~iaue and to ~lold l~ie samP, lo,yef{ier u~il~~ 1~~e fenemenls, hereditamenls anc~ uppurte-
nances t~~~reto ~~~~on~~inc~. anc~ t~~N r~nts, issuFS an~I pro~ils l~~ereoJ, tu~fo t~ie mortgagee, in Jee simp~e.
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, 11n~ I~~N morl~~a~~or i-orc~nanls u~il~~ 1~~e morf{~ac~ee f~~al fhe mortga~or is inc~eJeasib~y seize~ oJ sai~
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~an~~ in ~i~~~ simp~~~: llint l~ie mortf~ng~r {?as gooc~ right an~ ~awjul authority to cont~ey aaic~ ~an~ as a~ore-
sai~l: ~I~at ~l~t~ morlga~~ur u~i~l maRe sucl~ ~urll~er assuranc'~s to perf~ct the ~ee simple title to snid land in Ihe ,
mort~~uc~c~~~ as ma~ reasontil~~y ~~e requim~~: Ihat I~~e mortgaflor {iereby ~u~~y u+arranls fhe tif~e to snit~ ~ant~ j
cuui u>ill d~~(e~~icl tl~e sam~~ against tl~p lau~~ul claims o( ul~ persons whomsoerer; and tl~al said land is )ree '
' ~?~~I ~-1~~~,~ ~tl encumhran~es except taxes accruing subsequent to December ~
~i ~1, 1983 and THAT CERTAIN MORTGAGE securing a note in the original
i~ principal sum of S46,ODU.UU given by xusseii waiter Ludeman, J'L', d~~u~
j' Margaret R. Ludeman, his wife, to Suburban Coastal Corp., dated ~
I March 17, 1980 and recorded in OR Book 327, page 1957, of the Public~
~ Records of St. Lucie County, Florida.
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i~ The mortgagor shall keep all prior liens and encumbrances in good ~
;I standing and shall not modify nor accept furtue advances under the
il above referenced first mortgage.
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~ ~rouided ~lways, t{int i~ said mortgagor shall Pny unfo saic~ morfgagee t~e cerfain promis-
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~ sory note {~ereina(fer subslnntia~~v copiec~ or ic~enti~iec~, ta-wit:
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$ 3, 3 0 0. 0 0 Fort Pierce, Florida, .T~~ ~ ~
9 19 ~4
~ For value received, I, we or either of us, promise to pay, ithout defalcation, to the order of
ADDISON A. NICHOLSON, JR. and CONSTANCE
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f at P. O. Box 4533 South Bend In "
~ ~~t~~i~IA~, the sum of ' ~OLLARS
; with interest from date at the rate of -12- qo per um. in onthl~instalments as follows~
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; $ 14~`~2_-_on the 9th day of _~ust__ , 19_$Q., and a like sum
° on the corresponding day of each like succeedin period therea er until the whole be fully paid
Eseh Instalment fird shall be applicd in pvment ot the t a then on the unpa balanee ot the D~neipal sum. If def~ult t•
made in the vayment ot an~ insulment whm due. then s option the holder, and ithout enT otAer notics, a:l the rcmaininR
~ in!rtalments ehall be due ard papabk at onee. Privileae s rtjjven to t~co or rrwre ins mente at an~ ins~ilment maturit~ Ente. but
; this ahall not e~tend the time of mn4~rit7 0( any w umt instalme . Neither [orbcsren , nor ~eeeDtance by the 6older 6ereot after
~ an~ detault in an~ ~ment hercon, ahall be decmed ex rui
Each maker, suret~ and endoner bercof, Jointl~ and ~e~ wai dertuind, nre~entmm Droteat end notite of D~~ for noo-
I payment, snA further nirreee to an~ extension ot time o( pa nt, fhPr brtore or atfer urit~, without notiee tn an~ of ua; and ,
~ to pAy wll eosts ot eollection, inelud'.nR a reasonrDle attornei ~ i the event of wn~ default reunder. end hereb~ se~erxll~ vraivea all
benefit of homestexd and eiemntion under the eonditution and law o each State of the United tates, u agninst this obliRation or an~
e:ten.ion or renewrl hereof.
_ Witne~ the hand and eeal o[ esch put~.
' Privilege of pre yment in w 1 or in part t any time
~ is reserved to the maker here f, ithout pena ty.
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< - - - - - - - _ (SEAL)
TI~UR~YO
- - (SEAL)
" ADELE YOUPIG
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_ 3~`'~ ~:37 P~~: 952
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