HomeMy WebLinkAbout2043 NORTOAO[ D[[O ~ n . RAMCO IORM 1s[•
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' ~ Q R. Mc00NAlD, JR., ~ Notnay "!*.l2NGr~7 ! /
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Executed the 24th day of April A. D. t9 79 6y
,,,,'~,c~ WARREN ELBERT THOMPSON and DOLLIE MAE THOMPSON, his wife,
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illl ~'3D hereinafter called the mortgagor, to C. R. - MCDONALD, JR.. as Trustee for
x ~Z---+ CORINNE McDONALD, a minor, and CHRISTOPHER
' Y,-.(Y~ JOHN McDONALD, a minor, and C. R. McDONALD,
~y: C JR. , individually .
~l hereinafter called the mortgagee:
L~~ • f (tNLerever axd taereia r6e Krsr aad "saoetp[ee" iaclade all ale parties es iris iastra~eat arrl ttr ?eirsj
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- fir, ~ r^' kpl «peseatatives_ aad alas _ata~u~aad t?e wrcceson and ani[as of corpwatiosr; aad tM ler~ "w~e•
~a t:~t N iaclades a[ ve aous ~ereu deunbed iI alas oac.)
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p. 3:Z ~1t11J that jar good and valuable rnn:iderations, and also in conatderation of the aggro-.
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.cam ~ gate sum named in the promissory note of even date herewith, hereinafter described, the mortgagor here-
y r by grants, bargains, selb. aliens, remises, conveys and conf
inns unto the mortgages all the certain land
- of which the mortgagor is now seized and in possession situate in St. Lucie County.
Florida, viz:
I The South one-half of the North one-half of the South
` one-half of the Southeast quarter of the Northeast
quarter of Section 13, Township 35 South,-Range 39 East,
of Saint Lucie County, Florida.
This is a second mortgage and is inferior to the first mortgage
held by First Federal Savings & Loan Association of Fort Pierce,
recorded February 13, 1979, in O.R. Book 303, Page 637, of the Publi
Records of St. Lucie County, Florida, which mortgage the mortgagors
herein assume and agree to pay.
In the event that the mortgagors default in any payment or
condition stipulated in any prior mortgage for a period of sixty day
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 payable
during the continuance of this mortgage, then the entire sums secure
by this mortgage shall become due and payable at the option of the
mortg~gee.
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.
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 indebtedness 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.
THIS IS A BALLOON MORTGAGE AND NOTE WITH INTEREST ONLY BEING PAYABLE
UNTIL FIVE YEARS FROM THIS DATE, AT WHICH TIME THE PRINCIPAL SUM.
DUE HEREUNDER SHALL BE PAID IN FULL. INTEREST IS TO BE PAID AS
14 PROVIDED IN THE NOTE.- PRINCIPAL SUM IS IN THE AMOUNT OF $31,200.00. .
, / - Received • ~ ~ ~ to
Ii p~~ 7 Due On Class "C" IrKarpitlls Personal Pr T
~I ~ ousutlnt To Chapter 71. 134. Acts Of 1871.
ROGER POITAAS
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Circuit Court SL Lush, Co., fh.
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