HomeMy WebLinkAbout2539 MORTOAOE DEEO ' • ~ ' • . .
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i~ !:.M~~~~~~.~ ~h~. 13th ui Auqust A. io 71 6y ~
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CORNELL DENMARK ~
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h~n~ir~a'lNr ('Arre~ tJ~P morfc~agor, to ~
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ISAIAH LUCAS and HELEN M. LUCAS, his wife, +
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~~t~r~•ina~INr rnIIr~I f{~P morfga,yi~r:
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~N'6e~~.~r u.rd herc~s ~tk t~rm+ "mwtR~" a~ ..aaiRa~ee.• ~~cludr alt t4 puue? to ~?s ~mtro~~~ a~d t?t IKin.
le~al ~~~u'.r~ut~.es and a~u~as of i~di~idwl~. asd ~6r wcct++nn aad aait~s d torpora~iw~: a~d t?e Itnw ••~o1e••
~mtude~ aIl ~ht eu~n lK~e~• drxr~~ed i/ mat tAaa a.we.)
~itnesseth~ l~Q~ 'O~ f~~ p?~~ t'n~UO~~P MIISt~ptA~fOfIS. Q/I~ q~0 M CO?IS~clpration 0/ t~p pggrp- ~
lJ~1P Sltlll ItAI1iP(~ fR 1~P ptP~tSSOIy 1101P O' Pt~P11 ~(!/P ~PI~PU~~~~l, lIPIP7Ra~fer ~PJfI'16~. ~IlP morfgagor S
F?~' ,l~lAl1~S. ~~Qlqqlllt, SPUS, pI1P4S, IPIYI?3PS. f0/11'PXS QII~ f011f lrt?!S I1~1~0 ~~P R10~gq~~p Q'~ ~~P Clt~OtA ~Rd ~
o~ u~1~i~-h Ihv murl~~a~or is noiv sPizc~ an~ in possession sihiafe i~ $t. Lucie County.
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Iot 11, Block 1, of HIGHLAND PARK ~
• SUBDIVISION, according to the plat
thereof as recorded in Plat Book 9, ;
; at page 11, of the pubiic records ;
~ of St. I,ucie County, Florida.
THIS IS A PURCHASE MONEY SECOND MORTGAGE and is inferior to a
first mc~rtqage executed by the Mortgagors herein in favor of
the Citizens Federal Savings & Loan Association of St. Lucie
County, in the principal. amount of $8,700.00. `
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 prior mortgage to be accelerated and become
due and payable during the continuance of this mortqage, then ~
the entire sums secured by this mortgage shall become due and . j
~ payable at the optior. of the Mortgagee. ~ ~
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The Mortgagor covenants and agrees to make all payments and ' ~
~ perform all conditions an~ 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 mort- ;
gages and prevent a foreclosure thereof. Any and all such sums paici
or expenses incurred on behalf of the Mortgagor, together with '
interest thereon from the date of payment at the rate of interest r
prescribed in the note underlying this mortgaqe, 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.
w s-rA~rE ~F FLORIt~q
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