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Home My WebLink About0850 MORTOAdt OSiD ~ - RAMCO FORM R[• ~ou..o~r ~pNAt~. JR.. A1t~eA~ . ~~{KS ~q~~ ~,34N 163930 ~ • E,r~u~ed ~6. 9 th day oJ January A. D. ~9 6 8 6y ~ JOHN H. DOUGLAS and BEATRICS DOUGLAS, his wife, her+et?wj~er cnUed the mortgagor, lo JAY A. SAMPLE and FRANCES SAMPLE, his wife, i~eretnu~ter ca~~ the morfgagee: (w?eteve. .ned ~erc;. tie te~ss u _ oP'~ud ••aortp~es•• i.clYde au ti. prties a~li. i..t~~eat ..d dr Y~ kaal rePre~eantives ud a~a o~f a~d tre a~neaors a~d aois~~ ~f eaepee~tiar; ud t~e ~••w~• iwcl~dcs all tAe wua 6erci~ descn3ed i( o~e.) thot /or good and valuable oonside~ntiorv, nnd ai~o in consideratton oj the aegr~: gate sum namerj in Ihe pr~o~nissory note oj enen clate I~enewQt~, hereirta~ter descri~. t~e mortgagor ~ar- by 9~es, bargai?u, sells, aliens, remisea, conveya nnd ~jirina unto tAe n~orlgaAet aU the cYrtdn land of which lhe mortgagor is nou~ spizec~ und in posaession silunte in St. Lucie L'ountp. Fiortda, vi:: CONII~iENCING at the Southeast corner of the South ~ of the Northeast ~t of the Northeast ~ of the Southeast ~ of Section 12, Township 35 South, Range 39 East, thence run West 528.0 feet to a point; thence run North parallel to the West right of way line of Jenkins Road, a distance of 30,feet for a point of begin ning; thence continue North parallel to the West right of way line of Jenkins Road, a distance of 330.0 feet; thence run East 100.0 feet to a point; thence South parallel to the West right o line of Jenkins Road, a distance of 330.0 feet; thence run West 100.0 feet to the point of beginning. This is a purchase money second mortgaqe and is inf~rior to the first mortgage held by Citizens Federal Savings and Loan Association of St. Lucie County, in the original amount of $7,500.00, and recorded in O.R. Book 168, at Page 1283, dated September 28, 1967, which mortgage the Mortgagors herein assume and agree to pay. I' In the event that the Mortgagors default in any payment or condition ~ stipulated in any prior mortgage for a period of sixty days, or in the event of any default in a prior mortgage so as to cause such prio mortgage to be accelerated and become due and payable during the con- tinuance of this mortgage, then the entire sums secured by this mort- gage shall become due and payable at the option of the Mortgagee. The Moztgagor covenants and agrees to make all payments and perform all conditions and covenants called for in any prior mortgages now in cumbering the property, and in the~event of default in any such payme t or payments, conditions or stipulat~ons, the Mortgagee, without waiv- ing the opinion to foreclose, herein reserves the right to make such payments, or perform such conditions or stipulations so as to maintai the prior mortgages and prevent a foreclosure thereof. Any and all such sums paid or expenses incurred on behalf of the Mortgagor, to- S gether with interest thereon from the date of payment at the rate of f interest prescribed in the note underlying this mortgage, shall be added to the mortgage indebtedness and be secured by this mortgage. ~ Privilege is reserved to prepay this note and mortgage in whole or in part at any ti.me without notice and without penalty. ~ 9 ~ ~ . ~ IM PA~MiNTOiTAX!! N CLA~~C' IIITAN61sLE ~ER57N~1 ~RpPERTt. ~ TO CNAPTER ~p72t, ACTS OF 1!~ 1, Q!1* QrCVit G:~urt ~ • to~ WRTiS M. JAMES ~ ~ ~ Tm~ Co~ ~ y ~~~c~ ~ aEVUn c~eau ~ ~ BtwK.L~IO PAGE p4~ ~ r~ ~ ~ r ~ = ; ' . k ~ H -a s~ ~ . . e.. .o _ . _