HomeMy WebLinkAbout0519 ~ Y011tOAOC OEEO T~ Instrument YV~S PreFarca ov• RAMCO FOI~M RE6
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~I ~ R. MeDON/?l~, JR., Mto~n~y
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i~ H. 'iN~~. Florid• 31~50 ~r~~
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f:xp~~~t~ ~hp ~!c T N ,~Qy a~ December A. D. w 6y
RONALD R. WITHROW and SHIRLEY A. WITHROW, his wife,
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~i OLIN R. GARRETT and RUTH GARRETT, his wife,
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~~ereina~ter called Ihe moN~~~E~e: ~
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1 N'IKrc~er u.ed 1«rrein tAe nrms "mortRa~or " aad "ax,rtri~re" ~ortude all dn pvties to ~Ais irouumewt and ~6r ?~in.
k~al reprexnuti•es and ass.Rm o( iedi~idualf. and tAr ~urc~w.ri and as~i;n of capwuwu: awd ~Ae ttrm "eote••
ii ~ncluJr~ a!! eht outn 6eiei~ describrd iI morr tlua onr.l
~ ~~u1C~~~ tl~a! /or goocl ond e~alua6lp ~~onsi~erafions. and nlso in consideration uJ !he aggre-
~j ,qafP sum na?n~~ in IhP promissory note of pVP?1 c~ate IIP~pU'1~~, hP~PtIlOjter crescri6ecl, t{~e mortgagor ~ere-
~y t~rar~Is, har4~ai~is, SP~~S, Q~IP/15, ~PMiSPS, CO?il'PVS Qfi~ COtI~IMIS U/1~0 ~~P fl10~~(/QgPP A~~ ~11P ce?toin ~RQ
oJ u~h~~-h ftie morl,yagor ic nou~ seizec~ an~ in ~sossession situafe in St. Lucie ~'ounly.
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Lot 7, of Block "C", of HARMONY HEIGHTS
f+ ADDITION according to the plat thereof
recorded in Plat Book 8, Page 38, of the
I Public Records of St. Lucie County, Florida.
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;f This is a 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 56,900.00, dated November 16, 1970,
~:recorded November 16, 1970, in O.R. Book 188, Page 936-937 of the
''Public Records of St. Lucie County, Florida, which mortgage the mort-
~:gagors herein assume and agree to pay.
In the event that the mortgagor defaults in any payments 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
-i this mortgage shall become due and payable at the option of the
i: mortgagee .
~r The mortgagor covenants and agrees to make all payments and perfo
all conditions and covenants called for in any prior mortgages now
incumbering the property, and in the event of default in any such pa -
ment 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 mortgag r
, together with interest prescribed in the note underlying this mort-
; gage, shall be added to the mortgage indebtedness and be secured by
` ' this mortgage.
Privilege is rese rved to prepay this note and mortgage in whole or
in part at any time without notice and without penalty.
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