HomeMy WebLinkAbout0974 . TNIS IS A AALLOON MOR'fGAGE ANO THB FINAL PIIYMF.~1T OR THR BALANCG ~
DU6 UPON MATUItITY IS S 70,561.37 TOGETHER WITH ACCRUBD INTF.RF.ST IF
' ANY AND ALL ADVANCENF•NTS MAI)B BY THS MORTGAGEB UNDER THB TBRMS
pF THIS 1~tORTGAGx.
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Exrcw~d tl~ 22nd day oj ~y A. D. 19 81 6p
CARL T. NUTCHINS and DO?dNA L. HUTCHINS, his wlfe _
Iwnina~t~r c~al~ f1N moMOopo?. b
JAMES F. JOHNSON and SIDNFY L. TONNSON, his vife p~
lu~NnaJe.r c~aU.d t?a n~o.tpap«: . ~ 1~ .
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gd. ,n,n noeud tn tl~. p~l.aoqr not. oI .wn dah lun.wtel~. l~t,~%.r d.,~t6.d. tl~ ino.t~ooor lu.~e-
6r oronb. 6area+~.. ,.I6. elt.n.. n~wra.,. oonw~n o.~d oon/inR. w~eo e~i. w~o.ipap.. alt th. cwtaln iond
o~ wl~iC/i tla nartgopor L~w~n a~ts~d and in po~aadoR ait~ab In St. Lucie Co~ntp.
Floelda tiis:
Part of Section One, Township 36 South, Range 40 East,
~ as described"on schedule A attached. ~
THIS NORTGAGE IS A PURCNASE 1~tONEY TRIRD MORTGAGE WHICN WRAPS AROUND THE
EXISTING SECOND MORTGAGE WITH JOHN B. HUGHES 6 MARY J. HUGHES, HIS WIFE. MORTGAGE ~
AS LONG AS TNE MORTGAGE IS NOT IN DEFAULT~ SHALL BE RESPONSIBLE UNDER THE TERMS OF
THIS MORTGAGE AND NOTE SECURED THEREBY FOR ALL PAYMENTS OF PRINCIPAL AND INTEREST~ '
UNDER THE EXISTING SECOND MORTGAGE AND NOTE UNTIL SAID MORTGAGF AND NOTE AR~
PAID IN FULL.
ANY DEFAULT OF THE SECOND IrIORTGAGE HELD BY JOHN B. HUGHES ~ MARY J. HUGHES~
HIS GIIFE SHALL CONSTITUTE A DEFAULT IN THIS MORTGAGE AND THE MORTGAGEE ~
RESERVES THE RIGHT TO MAKE ANY AND ALL PAYHENTS REQUIRED TO BRING THE
SECOND MORTGAGE CURRENT AND APPLY SAID PAYMENTS TO THE PRINCIPAL OF
THIS MORTGA6E AND THE NOTE SECURED THEREBY.
,
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j ANY SPECIAL ASSESSMENTS WILL BE PAID BY THE MORTGAGOR DIRECTLY. THIS WRAP-AROUND
~ MORTGAGE SHALL NOT OBLIGATE THE MORTGAGEE TO MAKE ANY PAYMENTS OR ASSUME ANY ~
OBLIGATION NOT REQUIRED OF MORTGAGEES GENERALLY OTHER THAN THE MORTGAGEES
OBLIGATION TO PAY THE SECOND MORTGAGE ON THE PROPERTY. .
WITNIN 30 DAYS OF THE PAYMENT OF ALL FUNDS DUE UNDER THIS MORTGAGE~ THE
MORTGAGEES HEREIN WILL OBTAIN AND RECORD i,1ITHIN THE PUBLIC RECORDS OF ST.
LUCIE COUNTY A SATISFACTION OF THE EXISTING 2ND MORTGAGE RECORDED IN
O.R. BOOK 304, PAGE 2872 OF THE PUBLIC RECORDS OF ST. LUCIE COUNTY~ FLORIDA.
REGf1Yt~ s~~ dt PA~MiN~ ~i TAX_S "
Otli ~1 Ct,,S! 'C' INTANG:8LE PERSOICAI ~ROPE~jY~ .
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