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HomeMy WebLinkAbout2401 I; NORTOAOE OEQO ~ ~ i ~oNO~/Of~M C, R, ~I~DONA(D~ JR~ A~fO« RAMCO FOI~M RE6 i $Yil~ ~ Ct~12Mls F~df1~ ~III~ r 'e°° ti°"~ 2'70447 l; ~ ~ ~~a. r~a. s~~o ~ I; 1 ~ fixPCi~t~l ~h~ 12th day o/ ~ December A. D. 19 73 6y , BERTHA LOUISE MCCLENDON ~ ~~ereina~fPr i•allptl fl~e mo~fgaflor, fo r ' ZONA ELEINGTON SALSMAN ~ ; ~ ~i • (I ~IPM!?1(1JIP~ C(II~PfI IhP R10fIgq(]PP: I~ IN'Aerc~er uxd 6erein ~he terms "mortRaROr" an~+ "mwtta~ee" iaclude all t6t partits to tAit imttumcat and lhe lein, Ireal repre+e~atives a~d assiR~s o( indi~iduals. and t6e wneav.rs and utiRas o( corpotatiom: aad t6t ttrm "oote" ~ inrludn all the notes 6erein described it mwe tAaa ooe.) i I ~~tncs~eth~ that Jor good an~ nalua6~e consideralions, and also in consideration of the aggre- 1: ~ gate sum named in Ihe promissory note o) even date herewitF~, hereinnfler described, tl~e mortgagor here- 6y c~ra~~Is, bargains, sells, aliens, remises, con~~eys and confirnis unto the moNgagee all il~e cerlain Iand oJ u~hic{~ 1{~e mort~apor is noeu SPIZP~ anc~ in possession sifuate in $t . Lueie County. i; Florit~a. niz: ~j i; The South 43.49 of Lot 4 and the North 23.51 feet of Lot 5, ; Palm Haven Subdivision, Unit ~1, according to the Plat thereof ' on file in Plat Book 5, Page 51, of the Public Records of St. 1 Lucie County, Florida. { ~ This is a s~cond mortgage and is inferior to the first mortgage held by Citizens Federal Savings and Loan Association i~ of St. Lucie County, recorded in O. R. Book 193, page 1559, ; Public Records of S±= Lucie County, which mortgage the mortgagors ~ ; herein assume and agree to pay. ~ ; . in the event that the mortgagors default in any payment or ~~ondition 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 cause such prior mortgage to be accelerated and become due and pay- ; able during the continuance of this mortgage, then the entire sums ~ secured by this mortgage shall become due and payable at the option f of the mortgagee. ; ~ i ~ The mortgagors covenant and agree to make all payments and f perform aZI 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 e , right to make such payments or perform such conditions or stipula- ~ , tions, so as to maintain the prior mor~=~zges 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- ~ debtedness and be secu~ed by this mortgage. ~ ~ ? ~ Privilege is reserved to prepay this note and mortgage in . ~ whole or in part at anytime without notice and without penalty. ~ . _ ~ : ~ ~ 5' ~ , ~ • ~ IN PAYIAENT ~ t11XE~ ~ pEASt~~~'l P°.d' ERI~. ~ pdE ON Cr~ ~~N R 71-13~1. ~S ~ lyl1. ~Jl ~ a ~R~IT TO ~ ~pp11 00, ~ CIltC~1?i ~ ~ ~ ~ • ~r ~ " ~~R~ ~~.2401 . (1~ ~ ~~n .