HomeMy WebLinkAbout0989RAMCO RORM Rt•
~ ~a~a ~O"a C. R. Met~NAID, JR., Afforn~
Cifit~es Fadaal Building
Ff. Pi~ree, Florido 3450 .i$jlQ~c~
Executed the 12th day o/ Auqust_ A. D. 19 69 by
EDWARD GANDY and MARY GANDY, his wife,
hereinafter cared the mortgagor, fo
CHABLIS BARRON ,JR., and MABLE E. BARRON, his
wife,
her~einajter cci?led the mortgagee: 1308 North 24th Street, Ft. Pierce, Florida.
(W~aeree u+cd bcreiu tAe sera. •• • atd "aortpaee•~ i.clyd..u rye puriee a r-i iaafraetae ..a t!s Aeirei
ksat reprereabtiw awd o(^u~~ud r4 orocesors and gripe d axyorerior; aai rfie ura "wee'
includes afl rf~e .oua -ere:. drYr,'bed it .ure o.e.)
~~tntSS~t, that jar good and valuable rnnsiderations, and also in consideration of the aggro-
gate sum named in the promissory note of eusn date herewith, hereinafter described. the mortgagor hero-
by grants, bargains, sells. nliens, remises, conveys and oonjirms unto the mortgagee alI the certain land
o/ which the mortgagor is now seized and in possession situate in St. Lucie County.
Florida, viz:
Lot 15, Block 2, of SUNRISE PARR #l, a
Subdivision as per plat thereof as recorded in
Plat Book 8, at Page 42, of the Public Records
of St. Lucie County, Florida.
This is a Purchase Money Second Mortgage and is inferior to the
first mortgage held by Citizens Federal Savings and Loan Association
of St. Lucie County, in the original amount of $11,600.00, and re-
corded in O. R. Book 177, at Pages 1047-48, of the St. Lucie County
Public records, which mortgage the mortgagors herein assume and agreE
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 become 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
mortgagee.
The mortgagor covenants and agrees to make all payments and per-
form all conditions and covenants called for in any prior mortgages
now incumberinq the property, and in the event of default in any
such payment or payments, conditions or stipulations, the mortgagee,
without 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 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.
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