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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.)
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, ~~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.
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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-
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.
_ ~
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; Privilege is reserved to prepay this note and mortgage in
' whole or in part at anytime without notice and without penalty.
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