HomeMy WebLinkAbout1954 ~Ip~owo~ os~o This Inst?ument Was Yreparw • D,.
.ONf I011M C, R, btcDONAID, 3A., Attorn~y RAMCO 1?OR~1 Rt•
i Citia~ns F~d~•~1 8uildinq
H. p~~?c., Flortd• 33;50
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~X~u~ed ehe 19th day o~ May A. D. ~972 6y
JOHN A. MONR and FAYE 8. MONK, his wife,
hereinnf
ter callet~ the morfgagor, to
HAZEL L. KEATOR, a widow and single adult
hereina~ter ca~~ fhe morfgagee:
ta
(W6trever ufed bereia thc arer 'sot a~! "~ewtsaSet'~ i~ch~de all tAt pvties W 11i~ i~ttrr~e~t ud 1Ye~?anj ~ -
! lexal rsprexaqtives aad ari~m ot a~d t?e wcce++ws and asi~u ot torporatioas: a~d t4 ur~r wle'
includes a11 tbe sotd bt~eia dcycnbtd iI mo~e tha~ oat.)
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' ~l~lne~~~ f{~at Jor good und valuable c~onsiderottons, nnd nlso in oonstdenntion o/ the aggre-
gale sum namecl in i~e promissory note o~ euen c~ate hereu,ith, l~er+eina~ter c~escrt~[, fha morlgagor her+e-
by gmnts, bar~gains, sel~s, a~iena. remises, conveys antl oon(irnu unto the morfgagee all the oerteire la~d
o~ wht~1~ rh~ morfgagor is now seizerl and irt possessiori situate tn St. Lucie Co~h,
Flortda, viz:
The North 220 feet of the South one-half (1/2)
of Lots 1, 2 and 3, of MODEL LAND COMPANY
SUBDIVISION located in the NE-1/4 of Section 6,
Townsh~p 36 South, Range 40 East, according to the
Plat thereof recorded in Plat Book 4, Page 34, of
,the Public Records of St. Lucie County, Florida.
This is a second mortqage and is inferior to the
first mortgage held by Citizens Federal Savings and Loan Association
of St. Lucie County, Florida, recorded in O.R. Book 202, page
196, Public Records of St. Lucie County, Florida, which mortgage the
mortgagors herein assume and agree to pay.
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 defauZt in a prior mortgage so as to
cause such prior mortgage to be accelerated and become due and pay-
able 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. ~
d
The mortgagors covenant and agree to make all payments and
perform all conditions and covenants called for in any prior mort-
~ gages now incumbering the property, and in the event of default in
any such payment or payments, conditions or stipulations, the mort-
gagee, without waiving the option to foreclose herein reserves the
right to make such payments or perform such conditions or stipula-
tions, so as to maintain the prior m~rtgages and prevent a fore-
closure hereof. Any and all such sums paid or expenses incurred on
' behalf of the mortgagor, toge~her with interest prescribed in the
~ note underlying`this mortgage, shall be added to the mortgage in-
` debtedness and be secured by this mortgage.
' Privilege is reserved to prepay this note and mortgage in
whole or in part at anytime without notice and without penalty.
• ~ U IN MYMOR Q TA~
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