Loading...
HomeMy WebLinkAbout2371 . AAMI.V ~vww wco lONO ?OI~Y ~ I; ~ ~ ~ i~ F:xecuted thp g~ day oJ March A. D. iq 72 6y WELDON B. LEWIS and JANE T. LEWIS, his wife, 4625 South Indian River Drive Fort Pierce, Florida 33450 hereinaJler cnlled the mortgagor, to ( EDWARD P. SUMMERLIN and BETTY B. SUMMERLIN, his wife, ! 2801 North Indian River Drive, Fort Pierce, Fla. 33450 I~e~einaf fer called the morlgagee: ~ IN'6cre~er used htrein tLc terau "mortsa or" and "mor~sasn" includc all ~Ae puties to tLis ieswnr~t and tbe Lcin. ~ letal rcprexnati~es and a+si m of ind~ri~ and tAc wcce~xw~ and utitm of corporatiors: ud tAe term "wte•• includea all tAe nutes 6ercin ~ribcd it awre tAan one.) ~ ~ ~~t~~~~ fhat for good and valua6le considerations, and n~so in consideration of fhe aggre- I gate sum named in !he promissory note oJ even dnte hereweth, hereinajter descri6ed. !he mortgagor here- ~ by grants, 6ar~ains, sells, aliens, remises, conveys ancl con~irms unto !he mo?tgagee aIl the certnin land o~ wtiech fhe mortgaflor is now seizec~ and in possession sifuate in St. L11C1~? County. ! Flor~dQ. ~~~z: That land lying East of the FEC Railr~ad i - of the following-describ~d propert~: ( The North 235.9 feet of the South 1323.3 I feet of Government Lot 2, in Section 36, Township 35 South, Range ~0 East, EXCEPTING THEREFROM all rights of way of the Florida East Coast Railway and Public Roads. ~ This is a Second Mortgage and is inferior to the first mortgage held by Citizens Federal Savings & Loan Association of St. Lucie ` County, dated:_December 13, 1971, recorded in O.R. Book 197, page 2797, Public Records of St. Lucie County, Florida, which mortgage ~ the mortgagors herein assume and agree to pay. ,f ~I In the event that the mortgagors default 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. ~ 2 ~ The mortgagors covenant and agree to make all payments and perform ~ ~ all conditions and covenants called for in any prior mortgages now Q i~ incumbering the property, and in the event of default in any such ~ ~I payment or payments, conditions or stipulations, the mortgagee, ~ i' 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 hereof. ~ ~ Any and all such sums paid or expenses incurred on behalf of the ~ mortgagor, together with interest prescribed in the note underlying { ~ I this mortgage, shall be added to the mortgage indebtedness and be ~ # ~i secured by this mortgage. ' ~ ~ i! Privilege is reserved to prepay this note and mortgage in whole or in part at anytime without notice and without penalty. ~i ;f ~ ~ ~ - ( ~ 1~ V, I4 O ~ 1~ w?~oR ~~rr. - I( ~~a~?~ ,~~'~""c'ei.y?. ie~i. ~ II ~~m~~e~~t~~u,~c°'~ ~ " ' ~ r~ µ,s~,~ Potii?;~. c ~ ~ : ~ _ I~ ~ _ ~ ~ = ~ DR ~ ::i ~ ` ~ y3 ! sR~C - ^9 ti x ' x~ _ _ ~,.s_ . ~ r _ ~ ~ . . . ~ _ .