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HomeMy WebLinkAbout0012 Y011TOAOE D[[D ~ RAMCO FORM REO LONO 1011M v~ ~~3842 . i~ / - . . _ ; . , I:r~~~i~1 ~h~• 20th day oJ April A. I~. tq 77 6y OTIS D. OUTLER and LUEVERA M. OUTLER, his wife i 'I herpinn~l~~r caIIP~I tl~e mortya~or, to R. L. SOKOL II ~i . ~i ~ {~erpinaJtPr called ~he morlya~ee: ~ +Nhere~er uxd Aerein tbe tcrms "murttasor" an~ "mortRasn" ierlude all e6e puties w tAit iastrumt~t asd t1e ?ein. ` IeRal represenntive+ and aati m o( isdividuah. and tAe wna~+rs and u+iRn o( earpora~iws: a~d t6e ur~ "wte•• iirlude+ all ~6e a..us Aercia ~ribed if owre tAas oae.) f! ~ ~~tn~e~~ 16at jor good and i~alua6le considernlio~u, and also in coruideration o/ the nggre- gat~ sum namec~ in Ih~ promissory note oj even c~afe herewith, hereinafter tlescribed, tl~e mortgagor 1?ere- i; 6y ~ranis, hargains, s~~~s, a~iens, remises, conveys ancl con~irms u~fo ttie mortgagee a~~ !{~e certoin ~and i~ o~ wht~h I~e morlga~or is'now seizec~ and in possession siluafe in St. Lueie Cou~~r. i~ F~ori~a. i~iz: 4~ . Parcel # 1: Lot 5 of Block 5 SUNNY ACRES SUBDIVISION NUMBER ONE ~ ACCORDING TO THE Plat thereof as recorded in Plat Book 8 at ,I, page 25 of the Public Records of St. Lucie.County, Florida, to- Ij gether with the building and improvements situate theron and i~ the furnitur~,furnishings and equipment contained therin. ~ i i~ THIS IS A FIRST MORTGAGE. ~ I; The entire unpaid principal balance and accrued interest shall i~ accelerate and become due and payable upon the transfer, sale, mortgage or otherwise conveyance of the premises and property !i covered by this mortgage. ii Parcel $2: Lots 5 and 6 of Block 25 of PARADISE PARK, accord- ing to the Plat thereof as recorded in Plat Book 8 at page ~ 17 of the Public Records of St. Lucie County, Florida, together ~i with the building and improvements situate thereon and the furn- , ~ l~ iture, furnishings and equipment contained therein. . t THIS ,t`S A SECOND MORTGAGE. i If ~ In the event the first mortgage payments are delinquent or in ; arrears, the second mortgagee may, at said option, make the first mortgage payments and immediately declare the ~ entire unpaid balance due and payable on this second mortgage. . In theevent the first mortgage is increased or amended,.the second mortgage and the indebtedness secued hereby shall become due and payable at once. The entire unpaid principal balance . and accrued interest shall accelerate and become due and payable upon the ~~ansfer, sale, mortgage or otherwise con- veyance~of the premi:ses and property covered by this mortgage. To further secure unta the mortgagee the payment of the afore- said note and the performance by the mortgagors of all their promises and covenants h~ein made, the mortgagors have and do hereby transfer, assign, and set forth unto the mortgagee all the rents, income and profits now or hereafter arising from said property, wiFth fullpower and right unto the mortgagee ~ to receive and collect the same;provided, however, that so ~ long as the mortgagors shall faithfully keep and perform all and every of their promises and covenants set forth in said note and set forth in all other portions of this mortgage ~ and suffer no defa~lt in connection therewith, the mortgagee ~ shall allow the mortgagors to collect and receive the same. OArME~ ~ i~~ ~ ~ ~~o i v~soa~ PaorEatYl 4UE 011 1~'.SS ~ i1-13~. ~~~!s OF ~'11. .w~~~ -lf" ~?.._l...l?~~-~~: ~ / ~ro ~Rwi ~ Y - ~ I !j M i• ~ l ~ ` F~ ~1~' L11~ ~1. ~!+/1EN ~ AR , _ - - - , ~,,u~ , _ F :tEVECiiiE n-" ' ~~1K 47~"~" = F~:<z ~ ~~7 ~ I 0. 0 5 ! ~ . , J - ~ ao~c2fi? ~cE ~ - . . ~ - - _ _ - . .~~y~-.