The URL can be used to link to this page

Home My WebLink About0121 . ~ ~ YORTOA(iE DEEO RAMCO RORM RE6 ~ LONO FORY r~5~,~19 ~ ~ ~ I 1 i / ~ ~ , I; i ~ Ere~ut~l rh~ ~ 7~ day oJ f~. n. i979 6y ERNEST C. LUNDBERG .~nd PHOEBE W. LUNDBERG, his wife ( hereina(l~~r ca~~ec~ t~~e mortga~or, lo I; JOHN B. KENNELLY i; _ ~ {iereina(I~r ca~~et~ t{~~ morlya~~e~~: O ~ ~ (VYh~r~~~tr uxd herein the terms "mo7lRaRQ~~~ and "m~KtRa~ce" ~ucluJe all tAe puties to this imtrumtut and lbe heir~. t t,17 k~al ~eprexnut~~es a~~d ass~Rn+ uf iadi~idwl+. aod ~Ae succe.+.KS and assiRas o( cwporatiom: and t6e term "aote" ~ ~ inclu~le~ all the ~utn herein drscribtd i( more Ilun one. j ~ ~ . p ~ r~ j ~~tnesseth~ Ihat (ur good and oalunble consideralions, and also in consideration of t1~e aggre- gale sum namecl in i~~e promissory note o~ even ~ate herpwit~e. hrrFinuJter des~ribed, f~e morlyagor here- .~•;~;t: by ~rants. 6ar{~ains, selLc. aliens, remises, ronneys an~l c.on)irms unfu Ihe mortgngee ~ll tl~p rertain land /f = o( u~hic~~ f~ie morfrya~or is now spized anc~ in possession situate in St. Lueie Counly, ~t. ~ : - • ' ~ . ~ ~=~ori~a. t~ir. 1- Lots 24, 25, 26 and 27 of Block "B" of HUNT'S SUBDIVISION, as per ~T plat thereof on file in Plat Book 5, at Page 47 of the Public ~ Records of St. Lucie County, Florida. ~ - i11 This mortgage is subject and inferior to the following mort~ages: l. Mortgage in favor of Eagle Finance dated 1/11/78, recorded 2/13/~8 in O.R. Book 281, Page 2347 of the Public Records of ~ 1 St. Lucie County, Florida. 2. Mortgage in favor of Harris Construction Co:poration dated 3/18/75, recorded 3/18/75 in O.R. Book 237, Page 1476 of the Public Records of St. Lucie County, Florida. ~ ~ 3. Mortgage in favor of J.K. Walker, Jr. and Bonnie G. Walker, his ~ ~ wife, dated 12/9/64, recorded 12/9/64 in O.R. Book 105, Page ~ •257 of the Public Records of St. Lucie County, FZarida. ~ 4. Mortgage in favor of Citizens Federal Savings and Loan~ ' ~ Association of St. Lucie County dated 5/12/71, recorded 5/12/71 ~ in O.R. Book 192, Page 1302, and re-recorded 5/19/71 in O.R. ~ ~ Book 192, Page 1747, all of the Public Rec~ras oi St. Lucie County, Florida. ; ` 5. Mortgage in favor of St. Lucie Mortgage Company dated 12i29/72, ~ recorded 1/2J73 in O.R. Book 209, Page 1696 of the Pulilic Record~ of St. Lucie County, Florida. ; " Any default under the terms of the above mortgages or the notes i ~ secured thereby shall constitute a default of this mortgage. The ~ ~ ` Mortgagee herein shall have the right, at its option, to cure any ? ~ default in any such mortgages and notes by the payment of any sums ' ~ i , required by them and, in the event of such payments, the total af ~ ' all such amounts together with interest thereon at the highest law- ~ ful rate shall be secured by this mortgage. ~ ~ Neither the Mortgagor or any other owner of the prererty encumbered ~ by this mortgage may accept modifications of, or future advances = under, the prior mortgages and any such madification or advance ~ I; shall cbnstitute a default under the terms hereof. 4 ~ The Mortgagee shall have the right to ap~rove any future owner of I; the property and in the event of the sale or conveyance of the ; ii encumbered property without the written consent of the Mortgagee, ~ ~ the whole sum of principal and interest provided by the promissory ~ ~ note and this mortgage shall, at the option of the Mortgagee, - ' become immediately due and payable in full. ~ In the event suit is instituted to foreclose this mortgage, the ~ Mortgagee may apply in his suit for the appointment of a receiver ~ ? ! to receive rents, incomes, profits and revenues from the property, ~ ' ! and~it is agreed that the Court may appoint a receiver as a matt~r i ~ of right to the Mortgagee without notice, and any sums received by 'I ~ the receiver, after payment of costs and charges, shall be credited j ~ against the mortgage indebtedness. ~ ~ j ~ ~ THIS INSTRUMENT PREPARED BY~ RECORD & RETUItr1 TO: R~:FiYFry i~~ 1~ Fs+`:::'r .XfS ~ MAURICE O. RHINEHARDT? ATTORNEY L~~~ c' t~?'..j~, ~ 2407 East Atlantic Boulevard j` ` ' ~ " ~T `3~". : 1-r • ~ _ _ . . : : ~ Pompano Beach, Florida 33062 c<<;:K i~.:;;~+.t cC~::t, 5i. tL,.:~ cA. iLA, Tele hone: (305) 943-2020 qc~ ~ •P 6 ~1K~i~.) P~Gf ~