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lOts~ -onw RAMCO FORM R[e
Ttlis Instrument Was Preparcd ey: 181464
G R. t„kppNALD, JR» AHw~oy
Citi:~a~ F~dtr~l piWino
p, ryes, florWt 33450
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Executed the ~ ~~ day o/ Augut3t A. D. 19 69 by
RONALD L. JOESTEN and LOIS A. JOESTEN, his wife,
hereinajter called the mortgagor, to
- - GERTRUDE SCHULTZ, a single adult
hereinajter called the mortgagee:
(Wherever toed bereia the terms "ttsor aa+d "asortpaec" include d the prtia b this iastrueft aid 1\e.ttant
lead repreeenbtives and a~n+ otuM~ud the woeesan Fwd mans of coryoratw~+; t+ad the terzi 'note'
inchades ap the notes Benin daai6ed iI rant onc.)
~~t~u~1, that jor good and valuable rnnsiderations, and also in conside-ation of the aggre
gate sum named in the promissory note of even dote herewith, hereinajter described, the mortgagor here-
by grants, bargains, sells, aliens, remises, conveys and conjirnu unto the mortgagee all the certain land
of which the mortgagor is now seized and to possession situate in St. Lucie County.
Florida. viz:
Lot 12, plus the West 15 feet of Lot 11,
Block 4, PARKWAY GROVE ESTATES, Unit No.
One, according to the Plat thereof on
file in the office of the Clerk of Circuit
Court in and for St. Lucie County, Florida,
in Plat Book 12, Page 30.
This is a Second Mortgage and is inferior to the first mortgage
with Community Federal Savings and Loan Association of Riviera Beach,
dated October 29, 1963, in the original amount of $12,500.00, and
recorded in O.R. Book 74 at Page 8, of the St. Lucie County Public
Records, which mortgage the mortgagor herein assumes-and agrees to
pay.
In the event that the mortgagor defaults in any payment or condi-
tion 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
prior mortgage to be accelerated and becaae due and payable during
'the continuance of this mortgage, then the entire sums secured by
this mortgage shall become due and payable at the option of the mort-
gagee.
The mortgagor covenants and agrees to make all payments and per-
form all conditions and covenants called for in any prior mortgages
now incumbering 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 perforta 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 mort-
gagor, together with 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 time without notice and without penalty.
In the event that any payment is more than ten days late, there
shall be a late charge added thereto in the amount of $2.00.
In the event this property is sold, this note and mortgage shall
be payable in full.
sooK x'79 ~A~ 484
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