HomeMy WebLinkAbout2643 I YOATOAOE DEEO RAMCO rOwM RE6 ~
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t:xp~•u~Ml ih~ 14 ~h d~y oJ January A. D. ~9 7 4 by '
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I' LAMAR DONALDSON and CARRIE DONALDSON, his wife
I~erni~~nfter calle~I tl~e morfga{~or, !o
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I~ ISAIAH LUCAS and HELEN M. LUCAS, his wife F
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I~ereinnJtvr c~llPd Ihe mort{~a~i~e: .
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I~ IN'herc~~er uud htrcin tht terms "mwlRaSw" aac~ "max~[a~et" iklude all tAe putiea to tlw imtrumtet ssd lAt 6ein.
~ kRal repreunut~~es and auiRns u( iadi~idwks. aod the wcce+wKS and uv[us o( cotporatiom: aad tbe term ••oote••
I ircludes all the nutes herein describtd it more than one.)
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i~ ~~~Q~e~~ Il~at Jor good and valua6le consideralions, and also in consideralion o) the aggre-
gate sum named in i6e promissory note of even date herewith, hereina(ter descri6ed, t1~e mortgagor I~ere-
by grants, barf~ains, sells, aliens, remises, conueys ancr confirms unto t1~e mortgagee nll IF~e certain land
o~ w{~ich I~e mortgagor is now seize~ ancr in possession sihiate in $t. Lueie Counly,
_ f'~ori~a. viz: J
: East 41 feet of Lot 18, and the West 5 feet of Lot 19, Block 2,
(f of SUNRISE PARK NO. 1 SUBDIVISION, as per plat thereof recorded
!f in Plat Book 8, Page 42, of the Public Records of St. Lucie ~ounty,
, Florida.
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k`~ This is a second mortgage and is inferior to the first
If mortgage l~eld by SECURITY FEDERAL SAVINGS & LOAN ASSOCIATION OF
INDIAN RIVER COUNTY, recorded in O. R. Book 222, page 629, Public Re
cc~rds of St. Lucie County, which mortgage the mortgagors herein
as~ume 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 p~ior 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
; of the mortgagee.
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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-
~ f 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 ~
3 ; right to make such payments or perform such conditions or stipula- _
~ tions, so as to maix~tain 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-
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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~`1 RECEIYED = C~ IN PAYMENT Oi TAXd
, . . . . . DiJE ON C!.ASS 'C' INTAN6181E PE39~tVAl rRQ?ER11~
PURSIlANT TO CFIAPTEN 71•134, AC1S Of 19IL
- ROGfR PORRIIS
c' STAT E~~ F L O F? 1 c~wc ci~anr cau~. n. wc~ ao~ ~
- DO:t1MENTARY ~`=,:~STAMF Tl.a ~ G~
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