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C. R. lA~OONAID; JR., sY -
C;t;.c~s Fede~ei Buildinq , ~
Ft. Pierco, flo;id• 31450 L O
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~ Exp~ui~l ~hP 19th day oj January A. p. tq73 by
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JACK M. WAINWRIGHT and LOIS M. WAINWRIGHT, his wife,
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I{CIl1lI~4jtC~ l~lu~~rU i:~i` i::'v::y~:~'v:.
RAYMOND KANE and MABEL KANE, his wife,
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' {~ereirio/ter caAed !{~e mortgagee:
(Where~Yr uxd bcrcin t6e tcrms "mortRaaoi' and "mort~asee" ialudc aU the partiea to thin imtrvseat and tbe lrin.
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. ~ kRal reprexnatives aod as~+;m ot iodi~~idwls. aod t6e succemn and sa+iRm ot capor~tiom: ud tse arm "ooa••
includn all tA~ notes Aereio dexri6ed if toore t6an oee. )
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~ ~~t~e~~ if~at (or goad and valua6le rnnsideratioris, and also in rnnsiderntion of the ngg?e-
, ~ gate sum named in 1{?e promissory note oj ei~ere date leerewifh, herninnjter descri6ed. ~be mortgagor here-
. ~ by gmnts, bargains, sells, a~iens, rernises, roni~eys anc~ con~irms unto ihe moNgagee al~ !he ce?tain Innd ~
o~ u~hic~ t~e morlgagor is now seizet~ anc~ in possessio~ situate in $t. Lueie County, '
i' Florida. niz:
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~i Lot 7, of Block 7, REPLAT OF PALM GARDENS, as
; per plat thereof on file in Plat Book 12, at
~ page 42, of the Public Records of St. Lucie -
County, Florida. ~
This is a second mortgage and is inferior to the first mort- '
gage held by Citizens Federal Savings and Loan Association of St.
Lucie County, Florida, recorded in O.R. Book 209, page 2873-74 of -
the 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 default in a prior mortgage so as to r
cause such prior mortgage to be accelerated and become due and pay-
f~ 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.
1' The mortgagors covenant and agree to make all payments and
perform all conditions and covenants called for in any prior mort-
i,
gages now incumbering the property, and in the event of default in
; !i an~ such payment or payments, conditions or stipulations, the mort-
! ;i 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 mortgages and prevent a fore-
; closure hereof. Any and all such sums paid or expenses incurred on
~ behalf of the mortgagor, together with int~rest prescribed in the
° note underlying this mortgage, shall be added to the mortgage in-
' ` debtedness and be secured by this mortgage.
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Privilege is reserved to prepay this note and mortgage in
; whole or in part at anytime without notice and without penalty.
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