HomeMy WebLinkAbout2173 ~iNTOAqE O£EO ~
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2Z~!~29 ~
I:..f•~~„n~.l rh,~ 29th ~/py oJ October p. 1971 6.
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MARTIN J. FOX and ELLEN SADGER FOX, his wife,
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hert~i?w(t~•r cn~~E~r~ tl~e• murfgactur, fu
i~ JAMES F3. POWELL and RUTH A. POWELL, his wife,
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I{ ~~ere~iru~~lNr rnl~t~~r fju~ morlc~uc~~~e: I /-X ~~`t~f ~L. j j" (
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:N~hrre~rr u.ed herein the terms "mortg~[or" aa~ "ewr~raKre" ~udude all tAe putx+ to tAis imuumeet awd the 6ein. /
i~tal r~preaentat~.ts an~I aiu~[~~~ u( ind~~iduatt. aad IAe au~ceiv.n and assi[m ~~t corpwatiow: artd t6e ttrm "eate" 1
~naludea ali tht nu~~a hr~ein drxnAed i( mote tAaa unr )
I, ~itnesse~t~ 11tp~ 'O~ q00(~ p/1(~ 1•(1~11(lh~P l'0?1SI~PIp~10115. A/l~ (1~0 t11 CO/lSlcleration O~ !he aggre-
i; gafe sum namv~~ in !{ip promissi~ry note o~ ~ren c~ate Iiereu~ilti, hereinajter described, the morfgagor here-
hy g?anl~ f~nrqnins, srlls. ~IiPns, remise~s, conreys an<< cort~irms ~u~fo Il~e mortgagee all the certain ~nnt~
o( u~hi~•~~ i~p mortqa~~or ic now s~izec~ anc~ in ~wsse~ssion sifuate in $t . Lueie ~'ounty.
E'~ori~a ~~iz:
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Lot 2, Block 4 8, of RIVER PARK UNIT 5, as
_ Ij per plat thereof recorded in Plat Book 11,
: ~ Pa_qe 31, of the Public REcords of St. Lucie
!f County, Florida.
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_ This is a second mortgage and is inferior to the first mortgage
~~held by J. I. Kislak Mortgage Corporation, Miami, Florida, which
_ ;'mortgage the mortgagors herein assume and agree to pay.
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_ ~ In the event that the mortgagors default in any payment or condi-
3 f~tion stipulated in any prior mortgage for a period of sixty days, or
-5 ~~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
~ ithis mortgage shall become due and payable at the option of the mort-
: i gagee .
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~ The mortgagors covenant and agree to make all payments and perform
- ~ all conditions and covenants called for in any prior mortgage now
incumbering the property, and in the event of default in any such
j payment or payments, conditions or stipulatzons, the mortgagee, with-
= out waiving the option to foreclose herein re~erves the right to :nake
such payments or perform such conditions or stipulations, so as to
maintain the prior martgages and preven~ a foreclosure hereof. 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 indebteci~ess and be secured
'~by this mortgage.
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~ Privi2ege is reserved to prepay this note and mortgage in whole or
~ in part at anytime without notice and without penalty.
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~ ' i C ~N ?~n~r a ru~a
I' ~~s ~ . . • } - ! i , : , . • ~ ~ ~C' ~1~fTAMGIdIE ~[.RSL`NAl P~Q?[RTY~
AURSl1/Wi i0 CFiAP1ER 2072l. 11CiS OF 19~t.
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i + ' . ~ - ; . _ ROGER PoITRAS. Ckt1c GrcuR Gurt
j` ~~B~M tor DANIEI N. KNCWLES, JR
~ ~ _ ,•l ~ ~ - ~~y- ` ~ ~ C = St tucit Cour;h Tax Git~c~pt
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~ U~ A~11Y CtERl~
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