HomeMy WebLinkAbout2085 I MORTOAOE OEEO ~ RAMCO FORM RE6
~ ~oNO •o¦r Thb Instrument Was P~epared By: d
~ R. McO~NALD. JR., Atla*~11
Cilii~~t F~d~~al Wildlnq ~~~~!~~Q
,i H. ?i~rc., FIo~Ws 3~i50 w V
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E~xPCUI~ IIIP g~1~Y doy oi February A. D. t974 6y
ELMER F. DEAN and JEAN C. DEAN, his wife,
he~einaf ler calle~l Ihe mortga~or, fo' ~
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f j WALLACE I. OSTEEN and ETHEL OSTEEN, his wife,
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hPreina~tcr calle~ ttie mortc~agee:
(N`herc~tr uxd l~erein the terms "mor~sasai' and "mortsaSee" iaclude all t6e puties to t6i+ imtrumc~t and the 6sin,
k~al rcprexnutian aod assi m o( individuals. and tse wcces+.ra and aaixm o( co~pwuiws: and tse tcrm "sote••
~ inrludea al! ~M iwtes hcrein ~ri~ed it more than one.)
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! ~~tnesseth~ that (or go«I and valuable considerntio?u, and also in co?uide~ation o( the aggre-
I yale sum named in the promissory note o~ even date 1?erewifh, hereina(ter desc?i6ed, tF~e morlgagor here-
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by grants. 6arf~ains, sells. a~iens, remises, conveys and confirms unfo Ihe mo?tgagee a~~ 1{~e certain ~antl
1~ o( uth~ch !{~e mortgaQor is now seizec~ and i?i possession situate in St. Lueie ~ CoaRiy,
F~orida, niz:
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~ Lot 6, Block A, RICHARD'S SUBDIVISION, as per
I plat thereof recorded in Plat Book 4, at
Page 60, of the Public Records of St..Lucie
County, Florida. ~
This is a second mortgage and is inferior to the first mort-
~'gage held by Citizens Federal Savings and Loan Association of St.
i;Lucie County, Florida, recorded in O.R. Book 223, page 243, of the
;EPublic Records of St. Lucie County, Florida, which mortgage the mort-
i~gaqors herein assume and agree to pay.
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; In the event that the mortgagors default in any payment or
f ~~condition stipulated in any prior mortgage for a period of sixty days
~ I`or in the event of any default in a prior mortgage so as to cause
; ~isuch~:prior mortgage to ce accelerated and become due and payable dur- ~
~ ~ing the continuance of this mortgage, then the entire sums secured ~
~ ~~by this mortgage shall become due and payable at the option of the 1
~ mortgagee .
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~ i; The mortgagors covenant and agree to make all payments and
~ `;perform all conditions and covenants called for in any prior mort-
~ ~4gages 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
r;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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f; . C> IN PAV1A p~~R{`1~
r;~ " R~ ?NjANGIBLE YE•`~~~ 1911.
~ - ~ STATE FLr'RiCD~. ~ ovEa+~~~~~~;~~js ~
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° OOCUMf NTARY,~.::;;t STA M ~ ~ f~ ~ p11R~~ R~~~,,at sj. ~CIE
z~~ `r'-' DEPT.O~ AEVENtlE t~f ~j W""'' ;
~ -iC N ~ PB + rto ^'TI ~ ti O i. I V ' ~ ;
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. ~ 223 N~~E2~85
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