HomeMy WebLinkAbout0887 rORONOOW1y `O ~ NAYCO I011M I~t• ~
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F.~~u~Pd ~6p 29th dQy oj March A. D. to77 6y ~
OTIS D. OUTLER and LUEVERA M, OUTLER, his wife
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hereinajl~r called the mo?~~opor, fo R. L. SOKOL r ~
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~I tierpina~ler ca~~ the mortgogee:
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I 11Y6trcrtr u+ed 6etei~ tMe te~ "~or~t~a~oe'~ ud •'~ur4u~ee" i~tlYde ~ ~Me rrtie~ a t?ia ia~a~e~t ud ve ?ein~
Ints! teprexnuti~ea a~d a~t~ ~o~l ~i~dir~drab. s~d t4 wctea~ra a~d ripr d corporatiw: v/ t4 ~n~ ~w~e'
. i~rlude+ dl tMe ~otea ?nei~ 'de+cri6ed il ~e Uw we.?
, ~Lt~~~~ ~har /or good o.~d ~t~a64 ro.~id..o~io?~, and also tn conatderatton o~ !ke uggre-
i gafe sum nom~ In ihe p?omissory nofe o~ euen dols ~e?eu?ilti, tieretna~te? discrl~, f~e mortgngor ~are-
~iy pranls. borpatns. sp~~s. a~iens, ?emLspa. conveps ~and oon~inw unto ftis morfgagee aII l1~e cerfain ~anc,
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~ of w{~icti t{~e rnorfgago? is no~u seized ancr ~in possession situate in $t. LUC1@ Countr.
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! Lot 5 of Block 5 of SUNNY ACRES SUBDIVISION NUMBER
+ ONE, according to the Plat thereof as recorded in ~
( j Plat Book 8 at paqe 25 of the Public Records of
" St. Lucie County, Florida; toqether with the building
w- and improvements situate thereon and the furniture
~ furnishings and equipment contained therein.
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m THIS IS A FIRST MORTGAGE.
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The entire unpaid principal ba~ance and accrued in~erest
shall accelerate and become due and payable upon `
!ll ''~i .'~i the sale, rlortgage , transfer, or otherwise conveyance ~
of the premises and property covered by this mortgage.
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~t~q?~ y Also, Lots S and 6~f Block 25 of PARADISE PARR, a
z~T = Subdivision according to the Plat thereof as recorded
~~f4~~~ in Plat Book 8 at page 17 of the Public Records of
~;o St. Lucie County, Fla. together with the building and ~
'.~o~¢ improvements situate thereon and the furniture ~
f '~~°'°~jt~~~'~~ furnishinqs and equipment contained therein. ~
I8t~90 ;
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THIS IS A SECOND MORTGAGE.
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~V`~"'c In the event the first mortgaqe payments are delinquent
or in arrears, the second mortgagee may, at said
i; option, make the first mortgage payments, and immediately
declare the entire unpaid balance due and payable on
this second mortqaqe. In the event the first mortgage
is increased or amended, the second mortgaqe and the indeb-
tedness secured hereby shall become due and payable at :
once. The entire unpaid principal balance and accrued .
4; interest shall become accelerated aryd due and payable ~
upon the transfer,sale, nwrtqaqe or otherwise conveyance ~
ii of the premises and property covered by this mortgaqe. ~
! To further secure unto the mortgagee the payment of the '
aforesaid note and the performance by the mortgagors of ~
'i all the promises and covenants herin set, the n?ortgagors
~1 have and do hereby transfer, assign and set over ~
j! ' unto the mortgaqee all~the rents, income, and profits ~
i~ now or hereafter- pertaining or arising from said .
property , with full power and right unto the iaortqagee
to receive and collect the same; provided, however,
that so long as the mortgagors shall faithfully ~
keep and perform each and every of the promises ~
and covenants set forth in said note and.set forth ~
on allother portions of this mortgage and suffer no ~
;I default in,connection therewith, the mortgagee shall ;
allow the mortgagors to co lect a d-receive the same. ~
~ f ~,9~, IN ?AtMENT QF TAX:=
~ 0~ OA Cl1SS 'C I.~tY.+qC Ctt P. et:Or 1~30?EwTY~ :
~ rN=WIMi TO :NA'Ti: 71-- 1. Ai:7t ~f 1li1. ~
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r~ • e~~ PAf.E ~ C41CNt COrItT, tT. W.~E ~;0, fU~
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