HomeMy WebLinkAbout0698 ' NORTOAOt D[tp ¦ RAMCO FORM R[6 ~ '
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Execu~c~d ~,.p r~ day o/ ~vh. November A. D. ~9 74 6y . ~
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K,AR~;N Rn~~`RER f~ single adult :
hereinajfer ca~~ecr f{ie mortgagor, b
FRANK W. RACE, SR. and DOROTHEA E. RACE, his wife
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{~ereinaJter called the mortgagee: fi10 Texas Court, Fort Pierce, FL -
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(W6ne~er u+ed 6ereiw tbe terau • a~oi~ ud ••more~asK~' isclude all ~ie Par~ia w ~6is i~swocwt a~d ~?e 6eirs.
k~al reprayeautiva aad a~m ~ot i~sdi~viduah ud t?e mcceuo~s aad asiaa of corporatio~a: ud t?e trA '~w~••
iacludea all t6e ~ous 6enia dexriEed i( mae t~ae we.)
that ~or good anc~ valuable constderations, and also in rnnside~tFon o/ the apgre- i
gnte sum named ~n !he promissory note o( euen date herewtth, ?~ereina[ter described. tbe mo~lgagor I~er+e-
by grants, bargains, se~~s, a~iens, remises, conueys an~ confirms unto t~e mortgagee nil ~he certain ~antl
ot s::~ic~ t!~e sssas:y^aa:.: '.s n~u: sriz~ ar.~ dr, f?OSS£SS!?!! s~tuale in $t . ZLCiA ~.'ounh. q
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Lot 9, Block 2, CRAMER'S ADDITION TO FORT PIERCE, according
to the Plat thereof recorded in Plat Book 2, Page 10, in the Public ;
~ Records of_St. Lucie County, Florida. ;
This is a second mortqage and is inferior to the first ' ~
mortgage held by CITIZENS FEDERAL SAVINGS AND LOAN ASSOCIATION OF
ST. LUCIE COUNTY,. recorded in O. R. Book, ~2~.,~, page 2~~
Public Records of St. Lucie County, Florida, which mortgage -
-the mortaacors herein assume and aqree to pay.
~ In the event that the mortgagors default in any payment
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` ~ or condition stipulated in any prior mortqage for a period
' ; of sixty days, or in the event of any default in a prior mortgage
~ so as to cause such prior mortgaqe to be accelerated and become
, ~ due and payable during the continuance of this mortgaqe, then
the entire sums secured by this mortqage 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-
° gages now incwnberinq the property, and in the event of default in
any such payment or payments, conditions or stipulations, the mort-
~ gaqee, without waivinq the option to foreclose herein reserves the
~ riqht to make such payments or perform such conditions or stipula-
'ii tions, so as_to maintain the prior mortgages and prevent a fore-
1; closure hereof. Any and all such swns paid or expenses incurred on
behalf of the mortgagor, together with interest prescribed in the -
note underlying this mortgaqe, shall be added to the mortqage in-
~ debtedness and be secured by this mortgage.
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~ Privileqe is reserved to prepay this note and mortgaqe in ~
whole or in part at anytime without notice and without penalty. ,
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~ ~j ~~yE,p ~ ~ iN PAYMEIIT OF T11~S
~ OlE ON G11SS~11(TAIMIWE PERSOtiAI ? J?ERIt~
putswwt ~ auwT~ n•i~. ~crs af is~i. )
IIOGER PORRA.f /
~ CLERK CIRWR COURT. ST. WC~E C~, M.
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