HomeMy WebLinkAbout1509 ?w~..o~M -
~ Instrument Was P.eO~~ed 8Y`•
R. I~Ac00NAlD. JR.. Aftorn~l?
_ Cittt~n~ F~d•r•1 ~uildin~ .
/ . Pi~rc~. Flo~id• 3)4S~ _
;~s o~74
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Executed ~ha 2'~ day o( April A. D. ~973,,by f
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CHARLES A. McKELIAR and CHARLOTTE L. McKELLAR, his wife _ ~
{~ereinaf fer cal~ec~ Ihe mortgagor, to k
CECIL WEDDELL and ROXIE WEDDELL, his wife
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~ ~ereina(ler ca~~ t~e mortgagee:
(Wbere~er uud 6crcis tlm terau "mory~a~o~ aad ••~aort[a`ee" i~clude aG ~6e pvtia b t?is i~str~e~t ud tbc iw+.
kKal ?ePresena[i~ea a+d ae~m of i~viduaL. asd the wccemn and aei~s ot corporatior; ud tic h~ ••wee•• ~
` iKludes ap the nota 6ersiw dexribed if more tAaa oac.)
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~~t~e~~ that (or good ond va[ua6le rnnstderntions, and also in cowidemtion o/ the aggre- ~
gate sum nnmed in the promissory nole o/ even date herewith, hereina(ter desc~lbed, the mortgagor he~+e- ~
6y grants, bargains, selis, aliens, remises, conueys and conjirms unto the ntortgagee al? tlee cerlatn land
o~ which the mortgagor is now seize~ and in possession sifuate tn St. Lucie Count)r, ~
Florida, viz: ~
Lot 8, a,~d Lot 9, SUNSET PARK, according to Plat~thereof recorded
in Plat Book 6, Page 18, Public Records of St. Lucie County,
Florida, less the North 7S feet.
This is a second mortgage and is inferior to the
first mortgage held by ~itizens Federal Savinqs and Loan Association,
recorded in O. R. Book 212, page 1696, Public Records of St. Lucie
County, 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 3
, cause such prior mortgage to~be accelerated and become due and pay-
able during the continuance of this mortqaqe, then the entire sums ~
~ secured by this mortgage shall become due and payable at the option
of the mortgaqee. ~
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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 mortgages and prevent a fore-
~closure hereof. Any and all such sums paid-or expenses incurred on s
behalf of the mortgagor, together with interest prescribed in the ~
! note underlying this mortgage, shall be added to the mortgage in- ~
i debtedness and be 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. ~
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