HomeMy WebLinkAbout1895 ti0 ~
THIS ~1STR•_~t~1ENT PREPARED B1
Clvde P`Platts ~+C!t~b~
sK,~~.Y F~.,~
s,~,.~ b LWn Aisot~~t~on M O R T G_A C E ~
of Ind,an Rrvrr Countv
S~~th Avenue and Twenty Fust Street
Ve~a Besch, Flonda 32960 ~
. . . . Loan No---
THE UNDERSIGNED, -
ROBERT A,_ SCHR,E I BER and PHY4L 1 S SHCRE 18ER,, h i s wi fe ~
of _ Ft. Pierce Countyof_~.~-~tG.~~---- , State of Fio~ida, hereinaker
~eferred to as the Mortgagor, does hereby mortgage and wa~rant to SECURITY FEDERA:. SAVINGS AND
LOAt~! ASSJCIATION OF lNDIAN RIVER COUNTY, a corporation organized and existing u~der ihe
laws of the Un~ted ~tates of America, hereinafter ref?rred to as the Moctgagee, the following ~eal estate
~n she Countv of_ St,._ Lucie in the State of Florida, towit:
Lot One (1)~ Block Three (3), PROSPERITY PARK, as recorded
in Plat Book 7, page 55. of the Pub}ic Records of St. Lucie
County, Florida.`~
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If a conveyance should be made by the m~rtgagors of the premises herein described, or any part
~ there~f, w~t!~out th~ written consent of the Association, and without assurnption in regular form of
~ law t~y the grantee of the obligations to the Association created by said promissory note and this mort-
" gage, then, and in that event, and at the opt~on of the Association, and without notice, all sums of
° money secured hereby shall immediately and concurrently with such conveyance become due and pay-
~
~ able and in default. The Association reserves the right to withhold consent to any such conveyance
= and assumption until and unless satisfactory financial reports and other personal data required by the
~ Assc~ciation are furnished to the Association by the party acquiring title to the premises, or any part
~
~ thereof. By g~ving its consent to such conveyance, the Association snall not be deemed to have released
the mortgagor hereunder from any liabiliry hereunder. The Association may deal with successors in in-
~ terest with reference to this mortage and the debt hereby secured in the same manner as with the
mortgagors, and may forbear to sue or may extend time for payment of the debt, secured hereby, or
otherw~se act w~thout discharging or in any way affecting the liability of the mortgagors hereunder
or upon the debt hereby secured. The Association may also deal with the Mortgagors and/or with
successors in interest with reference to fhis mortgage and the debt hereby secured by forbearing to
~y sue, extending the time for payment of the debt, providing for different monthly payments and/or a
difFerent interest rate, and by other express modifications of the contract, without losing any priority
_ the Assotiation has over other mortgagees or lienors or holders of any junior interest in the property
secured hereby.
Togethe~ with all buildings, improvements, fixtures or appurtenances now or hereafter erected there-
on or placed there~n, inclu~ing all apparatus, equipment, fixtures or articles, whether in single units or
centrally controlled, used to suppiy heat, gas, air conditioning, water, light, power, refrigeration, ventila-
- tion or other services, and any other thing now or hereafter therein or thereon, including screens, window
shades, storm doors and windows, floor coverings, screen doors, awnings, stoves and water heaters
(all of which are intended to be and are hereby dec lared to be a part of said reat estate whether physic-
= al(y attached thereto or not); and also together w~th all easements and ihe rents, issues and profits of
syy said premises which are hereby pledged, assigned, transferred and set over unto the Mortgagee, whether
= now due or hereaf;er to become ciue as provided in the Supplemental Agreement se~ured hereby. The
Mortgagee is hereby subrogated to the rights of all mortgages, lienholders and owners paid off by pro-
ceeds of the loar, hereby secured ~OOK 198 PAC:~U~7~ , '
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