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HomeMy WebLinkAbout0636 I YORTOAOt DEt~ P~t A1~MC0 ROAM Rtf ~aw sowK T.~ Instrum~nt Was Pi~~~aiCd I.IcQON/.tQ. JR.• /?Nw+•: . , ~ C. R• F~d~r~l W11di:.y ~~V ~ . C;t~:a.•• ~ Ho~{d~ )3450 • . ~ ~ • ; Ex~u~ed ~ha 23rd day oJ Auqust A. D. iq 74 6y RENNETH P. RIDER aZtd BVELYN S. RIDER, his wife, herei~a)ter callecr tl~e morfgagor, fo JAME~ W. CORBSTT and CLARIS M. CORBETT, his wife, hereinafler called the mortgogee: - ~ (NSc.ever med bercia t6e aras "~oc a.d "aorgasee" i.cludr att tre p.rcies ro ~Li~ :wsu.~eat a.d tYe~?ans ~ Il3iI KQc!ltAYt1~'!S 3~ ~ OI ~~JI~~. Md f`t AtCtlBOR a08 ifYSM OI WfDOfif10M: a~ IIi ~~Oh~ ~ ~O[iYdt! OOIM `tft~~ O[fR~~k~ OOf! 1~f~ OAl.~ ? 1_ ~1~~~~ that ~or good and valuable c~onside?ations, and nTso in con~idemtion oj the aggre- gate sum n~mec~ in the promissory note oJ eve~ date herewii~, ~ereina~ter t~escrt~. the niortgagor ~ero- by grants, 6argains, se11s, aliens, remises, canveys and ~~onfirms unto 1he morigngee all the c~eNnin .Innd o~ u.•hich the morfgagor is now seizec~ and in possession siluafe ~n St. Lucie ~.'ouniy. ~ Florida, vir. ! Lofi 44, Block 472, PORT ST. ~UCIE, SECTION 26, accord~ng to the plat thereof on file in Pla~ - I Book 14, Page 4, of the PubZic Records of St. Luci~ County, Florida. This is a second mortgage and is inferior to the first mortgaqe held by Citizens Federal Savings and Loan Association of St. Lucie County, Florida, recorded in O.R. Boo;c 203, at Page 2020, of the , Puhlic Records of St. Lucie County, Florida, which mortgag~ the ~ mortqagors herein assume and agree to pay. In the event thaic the mortgagors default in any payment or condition stipulated in any prior mortgage for a periad of sixty days, or in the event of any default in a prior mortqaqe ~o as to i cause such prior mortgage ~o be accelerated and become due and pay- 1. able during the continuance of this mortgage, then the entire sums ' I secured by this mortgaqe shall become due and payable at the option I! ~ ~f the naartgagee. ~ - ' The mortgagors covenant and :gree to malce all payments and perform all conditions and covenants called for in any prior mort- gages now incumbering the proPerty, and in the event of 3efault in any such payment or payments, conditions or stipulations, the mort- ~ gagee, without waivinq the option to foreclose herein reserves the j~ right to make such payments or perform such conditions ar stipula- ' tions, so as ta maintain the prior mortqages and prevent a fore- is closure hereof, Any ar~d all such sums paid or expenses incurred on behalf of the mortgagor, toqether with interest prescribed in the f~ note underlying this mortgage, shall be added to the mortgage in- 'i debtednes~ and be secured by this mortgage. jl Privil~ge is reserved to prepay this note and mortgage in i~ whole or in part at anytime without notice and without penalty. i~ , !i i! - ! t9 • ~ ~~{t ~ ~a~I1t~~E~ ~ ~t~~i. ~ ~ p ~ pilplls ~ ~ ~T. LIJCIE 00, ~ . I` ~ p~ it ' i~ ~l ~I 0 R II b001I PJ~E t~ . ~ - ~ : ~ ~ - - ~ ~ : .