HomeMy WebLinkAbout0674 r YORTGAOE OEEO RAMCO FOAM RE6 ~
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f:xeru~e~ thP 26th dny oJ Noveaber A. D. t9 73 by
30S~cii i. i iw.iit~^~ ~TD. 3^~ ~Pnur~c .Tng[~F FFM7A~1~ J hi s wife Z ~
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~ herei+~a~fer ~
alled t?~e mo?t~aflor, to ~
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" ~I WAYNE CONSTRUCTION COMPANY
~ {~erei~ta~ter calle~l the morlgagee~:
~ (Wl~eme~ YstS AtRiA ~he terms "mortsa~•• ani! ••mortRasee" iaclude aU t6e puties to tAis imwme~t aad ~he ~in. ~
~ IeRa! reprexnutives and assi m o! iadividuah. aad t6e wcce~+.~n and asti~as oI corpwatio+u: aed ve term "wte" ~
~ irrcludes all tbe owes berein ~ribed i[ more thaa oae.) }
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~ ~~~~e~~ that Jor good and valua6le rnnSit~eratiorts, and also in consideration of the nggre-
4+ gnle sum named in Ihe promissory note o~ even dale ~er+ewith, ~ereina)te? desc?ibed, !tie mortgagor here-
f~ 6y grants, bargains, sells, aliens, remises, conueys and conjirnu unto ~he mortgngee u~l the certnin land
oJ u~h~~h f{~e morlc~aflor is notu seizec~ and in possession siluate in $t. Lueie County,
~ t'~oric~a. niz: -
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~ Lots 7, 8 and 9, Block 11, of INDIAN RIVER ESTATES, UNIT 2, as
i recorded in Plat Book 10, Page 46, Public Records of St. Lucie
I 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,
recorded in O. R. Book 213, page 377-378, Public Records of St.
Lucie County, Florida, which mortgage the mortgagors herein assume
~ and agree to pay.
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In the event that the mortgaqors default in any payment or •
~ condition stipulated in any prior mortgage for a period of sixty ~
1 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-
able during the continuar~ce of this mortgage, then the entire sums
secured by this mortgage shall become due and payable at the option ~
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of the mortgagee. ~
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E The mortgagors covenant and agree to make all payments and '
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i " perform all conditions and covenants called for i~ 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- ~
F i; gagee, without waiving the option to foreclose herein reserves the x
~ right to make such payments or perform such conditions or stipula- ;
s 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, toqether- with interest prPSCribed in the
ii note underlying this mortqage, shall be added to the mortgage in- `
debtedness_and be secured by this mortgage. °
Y
~ Privileqe is reserved to prepay this note and mortgage in -
whole or in part at anytime without notice and without penalty. F
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~ ' rt~• r/J~ RECEryEp IN PAYM9IT Of TAXfS s
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~ ' r• O J~~~1~,~ ~E on GASS ~C INiAM61W~ PE~ ~n•
' PURS11Af1T TO C?iMTER 71-134. ACfS 19/1.
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ot RO~ER PWTRIIS
~ o=s:. v i~ ti~~ C~EFi1I CIRW1T COURT, ST. WCiE CQ., F1A
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