HomeMy WebLinkAbout1131 ~nsv,1m~~; V::~~, P~~,; ,~~,•ci uy . RAMCO 1'OwM R[6
NORTOAOt O[[D C. R. McpONALp~ ~R. A+~o~n~y ~
~oN~ ro~w CIf7=~n~ F~d~ral P~~'d:z,q
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Ex~u~ed ~I~~ 27th day o~ September A. D. t9 74 6y
DALLAS E. CAMPBELL and JUDY H. CAMPBELL, his wife,
hereinajter called the mortgago~, fo
ARTHUR J. RICHARD and ALICE M. RICHARD, his wife,
~ tierelna~ler ca~~ the mortgagee:
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s
(1NAen.+er uud ~e.eu tre ~ero~s ••~weK" iac4~de atl ~As P~~ a~i~ie e~er~~' we' ~c'
• It~al repttfe~ativla aed a~ Y ~O~I aad tr! a~cttt~rs a~d asi[~+ d caeyo~~
iwclYdea all d~t wtes Aere'u de~crnbed il sae owe-1 .
~~nuL~Ll`~ ii~af f
or good a?u~ ~ol~b4 oo.~~d~tto~~, and a~so in rnnaideration o~ t~Q aggre-
gafe sum nnmed in !he promissory note oj even c~ate her+ewitti, hereinnlter deacri~. t~e morfgagor ~ero-
6y g?ants, bargains. se~~s. _o~iens, remises, conueya anc~ co~jirnu unio !he mo?tgugee nl~ !~e certnin janc~
of whicl~ the mortgagor is now seized and in possession situafe in St. Lueie County.
Flortda. viz:
Begin at the Northeast corner of Lot 222 of WHITE
' CITY SUBDIVISION as per plat thereof on file in
Plat Book l, at Page 23 of the Public Records of
St. Lucie County, Florida, run thence South 270 feet
to a point; thence turn and run West 608.38 feet for
point of beginning; from said point of beginning
continue west 97.23 feet to a.point; thence turn and _
, run South 105 feet to a point; thence turn and run
' East 97.23 feet to a point; thence turn and run North
I 105 feet to a point of beginning; being otherwise
c~escribed as Lot 20 of Block 2, of an unrecorded plat
{ of BROOME-TIOGA SUBDIVISION.
± i This is a second mortgage and is inferior to the
first mortgage held by CITIZENS F$DERAL SAVINGS AND LOAA1 AS~OC-
~ IATION OF ST. LUCIE COUNTY, recorded in O. R. Book 231, -
; page 2502-2503, Public Records of St. Lucie County, Florida,
~ which 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 ta
cause such prior mortqage to be accelerated and become due and pay-
~ able during the continuance of this~mortgage, then the entire sums
+ secured by this mortgage shall became due and payable at the option
~ of the mortgagee.
i
I~ The mortqagors covenant and aqree to make all payments and
perform all conditions and covenants called for in any prior mort-
gages now incumbering the property, and in the everit of default in
I~ any such payment or payments, conditions or stipulations, the mort- ~
11 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-
~i closure hereof. Any and all such sums paid or expenses incurred on
~ behalf of the mortqagor, 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 anytime without notice and without penalty.
i;
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IN PQYYf~
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