HomeMy WebLinkAbout0844 YORTOAOL OE[O - y RAMCO FORM R!6
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~i G R. AIeOONAID. JR., Af1~AM ~~9~
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~ l:x~~,t~.l ih~ j~ day oj September A. D. t9 75 6y
DONALD E. DAISS, JR. and DIANNA K. DAISS,
Husband and Wife,
,f ~~ereina~fe~ calle~I II~e morf~agor, !o
~i DARCH BREWER and JEWELL BREWER,
Husband and Wife,
i herPinn(!e~ callecl II~e morfyagee: .
I INbemer u+ed Aereia ~be terms "ma~sa~or~ and •.asortRasee•• iecludr a11 ~be parties ~o t6b imwme~t a~d tle bein,
letta! npresronu~ri and ani m o( iodiriduah aad tbe wcceu~rs aad aaiSw o( corporatio~+: aad t!e te~ ••wte••
inrludn all tAe Ou~M 6e~cin ~rieed iI mae t?aa oae.)
~ ~itnesseth~ tl~nt f
or good and valua6le constderotions, ancl also in consideralion oj t6e nggre-
~a[e sum named in tl~~ promissory note o/ enen date herewilh, herninaJte~ descrt6ed, t1~e mortgagor ~ere-
i~ 6y pmnts, bar~ains, sells. uliens, remises, convey~ ond con/irms unfo thp mortgagee aU 11~e certatn land
` ~I oj w/~ich the morfga~or is nou~ seizecr and in possession siluale ln St. Lueie County,
' Fio.ida. niz: - ~
s
This is a second mortgage and is inferior to the first mortgage i
~ held by Citizens Federal Savings and Loan Association of St. Lucie
; County, Florida, dated August 27, 19a5, recorded August 28, 1975, in
! O.R. Book 243, at Page 549, of the Public Records of St. Lucie
County, Florida, which mortgage the mortgagors herein assume and
!j agree to pay.
~
f~ In the event that the mortgagors default in any payment of condi
tion 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 su h
!i prior mortgage to be accelerated and become due and payable during
' the continuance of this mortgage, then the entire sums secured by
i'. this mortgage shall become due and payable at the option of the mort
i; gagee.
I The mortgagors covenant and agree to make all payments and per-
~ form all conditions and covenants called for in any prior mortgages
~ now incumbering the property, and in the event of default in any
; such payment or payments, conditions or stipulations, the mortgagee,
~ without waiving the option to foreclose herein reserves the right to
make such payments or perform such conditions or stipulations so as
to maintain the prior mortgages and prevent a foreclosure hereof.
~i Any and all such sums paid or expenses incurred on behalf of the
~ ii mortgagor, together with interest prescribed in the note underlying
! this mortgage, shall be added to the mortgage indebtedness and be
~ ,
~ secured by this mortgage.
f
E privilege is reserve~ to pre~a~y th?~ n4te and mn~~gage ~n whole
~ or in part at anytime without notice and without penalty.
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