HomeMy WebLinkAbout0579 ~ ~ IIORTOAat OHEO ~ RAMCO FOIIM `
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F:r~u~~d ~ day oJ November A. D. t9 75 6y ;
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RICHARD P. BERISH and DIANE N. BERISH, his wife, ~
hpreina(ler caUec~ flie mortgaQor, to
GUS W. LENNARD and MARTHA B. LENNARD , h i s wi f e, a~ fMTANg~g~ E~
~R~T ~ ~`iE4 71•134, ACTS Of ~ll.
I~e~ein~jlpr cullpd fhp morlgagec~: ~RK Cf~ n?~/
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I IN'here~er uxd berein ~be terms "mwtRaRw•• aad "nortRasei' ~~clude all tbe panies to t\it instru~e~t awd tLe k+n.
~ k[al repre+enta~~.n and auiK~ o( iadi~idwh. and tAe wcreax.n and utiRm ot torpor~tio~s: aad t6e Icro '•wote••
( inrludn all t6e nutea bc~cia dncribed il m«e tAaa oae. ) -
~~t~~e~~ tl~at Jor good and ualua6le c~onsideralioru, and also in con~ideralion oj the agg~e-
_ i~ ~i qate sum named in Ihe promissory note o~ even dale herewit{~, hereinajter desc?i6ed, the mortgagw 6ere-
( _ by granfs. 6ar~ains, sells, aliens, remises, conveys and con~irms unfo tl~e mortgagee all tl~e certain lartd
!i o( which the morfgapor es now seized anc~ in possession situale in St. Lueie Conn~r,
' ` i;' Floricla. ~~iz: APFR;~lSERS • ~5~ S•~ l~~ • C,~1~2 ' C~S~-,/y
11SE ONIC
i~ From the Northwest corner of Section 18, Towriship 36 South, Range
~ 41 East, run East along the North line of said Section 18, 213.39
j~ feet to the point of intersect~on of said section line with the
j~ East right-of-way line of FEC Railroad; thence run Southeasterly
along said East -riqht-of-way line, 202.30 feet to the Point of
Beginning of the tract hereinafter described; thence continue
~E Southeasterly along said East right-of-way line, 101.15 feet to
j; a point; thence run East para15.e1 to said section line to the West
I, bank of the Indian River; thence run Northwesterly meandering
said river bank, 102.75 feet to a point that is due East of the
Point of Beginning; thence turn and run West 1014.0 feet, more
or less, on a line parallel to said section line to the Point
c, of Beginning. Excepting therefrom the right-of-way for South
~ " Indian River Drive.
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, This is a second mortgage and is inferior to~the first
~ r-.---- mortgage held by Citizens Federal Savings and Loan Association of
o! St. Lucie County, Florida, recorded in O. R. Book 244 , page 2077-8,
o t public Records of St. Lucie County, which mortgage the mortgagors
cd ~ herein assume and agree to pay.
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++i In the event that the mortgagors default in any payment or
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condition stipulated in any prior mortgage for a period of sixty
s'~'tii;=~ ~days, or in the event of any default in a prior mortgage so as to
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,,c.:• .`cause such prior mortgage to be accelerated and become due and pay-
":-L~~~~~i able during the continuance of this mortgage, then the entire sums
~ secured by this mortgage 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
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`-i perform all conditions and covenants called for in any prior mort-
gages now incumbering the property, and in the event of default in
_}~fi y~ any such payment or payments, conditions or stipulations, the mort-
~ gagee, without voaiving the option to foreclose herein reserves the
right to make such payments or perform such conditions or stipula-
`'y,~'~ 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 mortqage, shall be added to the mortqage 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.
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