HomeMy WebLinkAbout2017 TO CONWNATION fApM 1NOIVIDUAt '
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i:.r~-~~~~1 ~1~~• first d~v March n. ~q74 6>
RICHARD E. ALLARD and CHERYL B. ALI?ARD, his wife
hvrFinn~l~r call~l ?he mort~a~or, to WA~Il1E Construction Company~ 4'll Avenue A~
- Ft. Pierce, Florida 33450 !
a corporalion exisfin~ uncler Ihe ~aws o( Itie Stat~ o~ Florida , u~ilti its permanenl posfo(Jice ~
n~~~.ps~ 411 Avenue A, Ft. Pierce ~ Florida 33450 ~
~~preina~le~? ca~~ecl the moriga~ee:
IN~here~er uxd Aereie tA[ terms "mwtKs.Ror•• and "mart~aR~e" iqclude all tAe pa~ties to thia imtrumtel aod lAe dtin, 1
Mtal repre+rnuti~n and aasi[~.a ul iod~~~dua!?. and tAe wccew~n and ass~Ras o( corpotatiom: and tAt urm "wtt••
~nrfudc~ all tht sutes Aereia ~iescri6ed it mure than une. ) ~
~lt~Q~e~, rhat (or good and imlunblp consirlerations, and also in coruideralion o) the ayAre- i
qale sum riame~ in t{~e promissory note oj ei~en c~afe {~ereinilh. I~ereinajfer ~escribec~. !he morlgugor here- ~
6y grants, 6ar~ains, sells, a~iens, remises, coni~eys and confirms urito t{~p morlgagee aI[ t{~e certnin land ~
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o~ u~h«h Ihe mortgapor is nou~ spized and in possession situale in $t. Lueie C~ounty. !
Florida niz: ~
Lot 25. Block 246, Port St. Lucie Section 6~ according to the ; r
~,plat thereof on file in Plat Book 1Z at pages 36Ai 368: 36C; and ;
`36D, Public Records of St. Lucie County~ Florida.
~ This ~s a~second mortgage and is inferior to the first ~ _
rmortgage held b~._First Federal Savings and Loan Association as !
recorded in the public records of St. Lucie County, Florida~ which a~pc
mortgage the mortgagors herein assume 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 prior mortgage so as to !
cause such prior mortgage to be accelerated and become due and pay-i
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. i
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; The mortgagors covenant and agree to make all payments and
~ perform all conditions and covena~nts called for in any prior mort- ~ 1
: gages now encumbering the property, and in the event of default in I`
~ any such payment or payments, conditions or stipulations. the mort-~
~ gagee~ without waiving the option to ~oreclose herein re serves the ,
~ right to make such payments or perform such conditions or stipula- ;
~ tions~ so as to maintain the prior mortgages and prevent a fore- I
~ 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.
~ Privilege is reserved to prepay this note and mortgage in
~ whole or in part at any time without notice and without penalty.
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