HomeMy WebLinkAbout2162 MOl10AOE OEEO 0lI1N'f fWM E. ~ A4whclwN ~d fw MN b TM N. i W. Qr~~ C~N~t ~
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F..M~~~iMl ih~ 18th day oj January A. D. ~67 6y
CLARENCE CAIN and DONNIE CAIN, his wife
her~ina~te~ caII~I Ilie morf~apor, fo
C. R. ~cDONALD, JR., and NANCY J. McDONALD, JR.
( ~~ernina(Ipr callc~ tl~~ morf~~a{~re:
(Nhem~er ustd hereia the urmt "mortRaROC" aod "oortRasee" iaclude atl t?e p~rties w this iwstrume~t and the 4tin,
k~tal rcpresrnnti~~es and assi~ea ot iadi~idwb. and the wcnsas aad aoita d cotporuiom: aad t6e tets ~wote••
includes all d~e wu~s 6errie dr~cri6ed i( more t6aw oee.)
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~~t~~~~ thal f
or good and ~~alua6le ~o?~~de.Qeto~~, and also in rnnsidemtion o( the aggre- ~
gafe s~im namc~c~ in l~~e promissory nofe of euen c~afe herewifh, hereinaJler s~escribed, f~e morfgagor ~ere-
by flranls. ~rf~ains, s~~~s, a~iens, remises, conueys and con~irms unfo ftie moNgagee al~ t{~e cerfain innc~
I of u~f~ic% ftie rnorfqnflor is noiu seiz~ ancl in possession sifuafe in St . Lueie County.
1=torida. viz:
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~ Lots 15 and 16, Block 12, HARMONY HEIGHTS
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; No. 4 as per plat thereof recorded in Plat
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1~ Book 9, Page 71, of the St . Luaie- County I
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Public Records. (This property is 2315 N.
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~ i~ 41st Street) .
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This is a purchase money second mortgage and is inferior to the
First Mortgage held by HELEN SHAW OPDYRE, a single woman, the widow
; of RAYMOND S. OPDYRE, Deceased, in the original amount of $6,851.86,~
! which Mortgage the Mortgagors herein assume and aqree to pay.
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i In the event that the Mortgaqors default in any payment of condition ;
~ ~ stipulated in any prior mortgage for a period of sixty days, or in ~
E the event of any default in a prior mortgage so as to cause such `
~ i; mortqaqe to be accelerated and become due and payable during the
continuance of this mortgage, then the entire sums secured by this
mortgage shaZl become due and payable at the option of the Mortgagee
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The Mortgagor covenants and agrees to make all payments and perfornn
all conditions and covenants called for in any prior mortgages now
` incwnbering the property, and in the event of default in any such
payment or payments, conditions or stipulations, the Mortgagee, with
out waiving the option to foreclose, herein reserves the right to
' make such payments, or perform such conditions or stipulations so as
to maintain the prior mortgages and prevent a foreclosure thereof.
Any and all such sums paid or expenses incurred on behalf of the
Mortgagor, together with the interest thereon from the date of pay-
~ ment at the rate of interest prescribed in the note underlying
~i this mortgage, shall be added to the Mortgage indebtedness and be
~ ~ secured by this Mortgage.
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~ Privilege is reserved to prepay this note and mortgage in whole or
f in part at any time without notice and without penalty.
3°
( LD i ~ IN ?ArMEN1
C IMTANGIBIE ?Ejt~ONAI r
~ EON Cl.l?s5' .
R~11AMt TO CMAPTER 20724, ACTi OF 1f41.
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