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HomeMy WebLinkAbout0438 ~ 1400 South f~d~,al H;ghw~y ~ L• O Fat P~erte, Fbrfda 33~50 ' ~ a<- V . ly /U-GG~~~ - ~ ! / ~ ~<<. . I ~G I:CPf11I~ I~P 7th day o~ March A. D. ~975 6y ' FRED KOHL and MARIE I. KOHL, his wife hereina(!er cn~~P~ II~p mortnaflor, lo ~ WILLIAM Lo BRUTTO and ANGELA M. Lo BRUTTO, his wife ~ j~ ~ herpinaJter called the mor~gagc~e: ~i: i lN'hemer uxd herein the terms "m«t a w" anc "mo~t a R R mo S See" include all tAe puties to tQia imtrtimret asd t6e 6ein, ~ IKaI reprntnlati~ef aad assigns of iedi~idwh, ud ~e wcceixrs and u+i~ns of corpora~ios~: and eDe term "aote•• irKlude+ all t6e outn htrein dnrribed i( m~e thae oae.) , • . , ~~tn~e~~ lhat (or good and valua6le c~onsicleration~, and aGo In conatderntion o/ fhe oggre- I; gate sum namecr in lhe promissory note o/ even date herewith, hernina~ter des~6pd, t1~e mortgagor I~e~e- j~ by ,qrants, 6argains, sells, aliens, remises, conveys and con/irms unto IF~e mortgagee all tF~e certain ~and o~ u~hic{i thn mortgagor is nou~ seizec, and in possession siluate in St. Lueie Countq, t'~oric~a. viz: I; Lot 11, Block 80, RIVER PARK, UNIT 9-C, according to the Plat i thereof on file as recorded in Plat Book 15, Page 28, Public Record of St. Lucie County, Florida. I This is a thfrd mortgage anc~ is inferior to the first and second mortgages held by CITIZENS FEDERAL SAVINGS & LOAN ASSOCIATION OF ST. LUCIE COUNTY, recorded in O. R. Book 198, _ page 340, and O. R. Book 203, Page 1860, respectively, Public Records of St. Lucie County, Florida, which mortgages the mortgagors herein assume and agree to pay. I i; ~ j; 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- j able during the continuance of this mortgage, then the entire sums ~ secured by this mortgage shall become due and payable at the option I' j of the mortgagee. € The mortgagors covenant and agree to make all payments and perform all conditions and covenants called for in any prior mort- i gages now incumbering the property, and in the event of default in any such payment or payments, cenditions or stipulations, the mort- ; gagee, without waiving the option to foreclose herein reserves the F right to make such payments or perform such cond?.tions 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 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 anytime without notice and without penalty. ~ ~ i ` ~F tA~" ~ ~ ~ ; r_ ~ ~cs~ y _ I ' ~ F ~ ~O " ~e t ~ ; ~~F.~VFfl~ ~-~_~~~11~ MS~ cA-~ f~ t ' d?'~ ~At-~( ~ l~`~~~ s~' L~E ' ; ~~yy+'j~, dOt~ _ w~t ~t ~ . ~ " y j ti = y ~ ~ ~ '7 ~y BQ~~~ f IAUC r - - ° ~y s ~ ii. - a~ ~ - - . . _ _ _ . _ _ ' i. y ~ - -~-,3~ N"% _ 'vT~~ .ra a \ ~ k~ ~ r'-..._ Ss• ~C:.~K,.' . . w _ . . . . _ . . . _ .~^_:~~.T