HomeMy WebLinkAbout0085 '
~RTOAO[ D[[D 232891 RAMCO IOwY R[•
~.ONO IOAM
/ - -
I
~ '1
1~
Ex~~ted the 30th day oj JUNE A. D. ~9 72 6y
JOSE ALVAREZ and DULCE ALVAREZ, his wife
~ereina(ler called the mo~tgagor, lo
PETER PLECAN and JEAN C. PLECAN, his wife
hereina~ler called 1he mortgagee: ~
(Whcrever uaed 6enia tAe tcrss ' oar a~ur asd "~ta+sK" isclude ~ll t6e ~rties a tii~ idtr~e~t aed tle.ianj
{e~al rcprexouaves asd a~u~m o~[ ~i~d
"d~ak. asd t?e succeawra aad miSm d carpontio~s: a~d ~le term '~ote'
iacludes all t6e eotcs Attein dc+cribcd it mae Ju~ oae.)
~`t~e~~ that ~or good and valun6le aonsidemlions, and also in eo~uideration o/ the aggre-
gate sum nnmed in l~e promissory note oJ even c~nte ~erewit{~, ~ereinaf
ter descri~, t~e morlgagor here-
bq grants, bargains, seUs, nliens, remises, rnnveys and conjirms unto !he mortgagee nll tAe certntn land
o~ whic~ t~e mortgagor is now seized and in possession siluafe in St. Lueie Cou.~e~r.
Flo.ida, utz: -
' Beginning at a point on the west right-of-way of
U.S. Highway No. 1, 800 feet North of the South
line of the SE 1/4 of NW 1/4 of Section 17, Township
34 South, Range 40 East, as measured along the
perpendicular, thence turn and run West, parallel
with the South line of the Southeast 1/4 of the
Northwest 1/4 of said Section, 300 feet to a point;
thence turn and run South parallel with the West line
of the Southeast 1/4 of the Northwest 1/4 of said
Section, 300 feet to a point; thence turn and run
East parallel with said South line, 436.85 feet to the
West right of way line of U. S. Highway No. 1; thence
turn and run Northwesterly alonq said West right of
way line of U. S. Highway No. 1, 329.6 feet to the
; point of beginning. ;d
k`
j This is a purchase money second mortgage and is inferior to the first
~ mortgage held by FIRST FEDERAL OF MARTIN COUNTY, FLORIDA, in the
~ original amount of $33,000.00, which mortgage the mortgagors herein
~ assume and agree to pay.
In the event that the mortgagors default in any payment of conditions
stipulated in any prior mortgage for a period of sixty (60) 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.
The mortgagor covenants and agrees to make all payments and perform
all conditions and covenants called for in any prior mortgages now
encumbering the property, and in the event of default in any such
payment or payments, conditions or stipulati~ns, the mortgagee,
without waiving the option to foreclose, herein reserves the right
~ to make such payments, or perform such conditions or stipulations
k so as to maintain the prior mortgages and prevent a foreclosure
~ thereof. Any and all such su~s paid or expenses incurred on behalf
~ of the mortgagor, together with the interest thereon from the date
~ of payment at the rate of interest pr~escribed in the note underlying
this mortgage; 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 without notice and without penalty.
, ~
RECEIYfD ~ u IN MYNEtR Of 111~
p,~ ~ IMiMi61BlE P~~•
PtJRS11ANi TO 1E11 71-134. ACiS ~ ~97L~~~ /
~ ~ w wc~ cn„ ~ r aoox
~°rt~ 204 ~ 85
~ . _ _
- s
~ . _h. _ _ .r_ _ _ . ~:~_~~e