HomeMy WebLinkAbout0082 ' YORTGAOE DEEO
RAMCO FORM RE6
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. 1600 South fedusl Hi~Aw~
~ / ~ FoA ' rce. Flaid~ 33450 `
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I:r~~u~~ rhN 25th doy o/ September A. D. ~9 73 6y
RONALD E. SMITH and ANN SMITH, his wife
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he~eina~ter callecl Ilie mortgapor, l0 6
' JAMES W. FAIR and MAY E. FAIR, his wife ~
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~ /~erpin~jler calle~I fl~e mortgaf~ee:
I (Nhere~er used hcrein ~l~t terms "mortsasor" and "murtSaSre" include aU t6e partie~ to ~is imwmrnt aad tAe Aein,
i I~al represrnuti~es and assiKna of iedi~~iduab. aod tDe wccev.~n and aaiqm of corporatioas: aal t6e urm "wote••
~ i~rludea all the nutes hcrcin described if more t6aa one.)
~ ~~tn~e~~ Ihat /or good and valua6le c~nnsiderafioru, and also in consideralion o/ the aggre-
~ gale sum named in Ihe promissory note o~ even tlate hereeuith, hereina~fer crescribec~, tl~e mortgagor here-
6y g?anls. 6aryains, sells. aliens, remises, conueys and con~irms unfo the morlgagee nll the certain land
i! o~ whic{~ the mortgaflor is now seizec~ and in possessiore situafe i+i $t. Lueie County,
~'~oric~a. viz:
i~ From the Northwest corner of the Southeast 1/4 of the Northeast 1/4
f~ of the Southeast 1/4 of Section 12, Township 35 South, Range 39 East;
run East 141.8 feet; thence South 275 feet to the point of beginning;
thence East 101.9 feet; thence South 100 feet; thence West 101.9 _ ;
feet; thence North 100 feet to the point of beginning; said lands ,
~ in St: Lucie County, Florida. '
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~~I This is a second mortgage and is inferior to the first
i' mortgage held by Citizens Federal Savings and Loan Association
of St. Lucie County, Florida, recorded in O. R. Book 213, ~
paqe 573, Public Records of St. Lucie County, Florida, which I
mortgage the mortgagors herein assume and agree to pay. ` _
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In the event that the mortgagors default in any payment or
!i condition stipulated in any prior mortgage for a period of sixty 3
~ 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 pay- ~
1i able during the continuance of this mortgage, then the entire sums ~
; (i secured by this mortgage shall become due and payable at the option a
' 'j of the mortgagee. ~
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,f 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 ~
~ riqht 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 interest prescribed in the ~
~ note underlying this mortgage, shall be added to the mortgage in- ~
~ i; debtedness and be secured by this mortgaqe. {
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~ 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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