HomeMy WebLinkAbout0940 ~ • ~j ~ - ~ I'
THIS thSTAUAIENT VREPARED BV G~~~
ClYde P. _Platts _
SKw~ty Feder~ Savi~Qs 6 Loan Assoc~al~o.+ M O R T G A G E Supp 1 emen ta t to t.oan No. 33
of Incl~an R;ve~ Count 2 ~
~ S~xth /lverwc and Twenty fust St~tet
vero Bexh. Flor~da 32960
~oan No._ _ 1~7--
THE UNDERSIGNED, -
__._EUGENE NERNDON_and MARY HERNDON, h~s wife ~
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~ f Ft . P i erce County of St .__Luc i e , State of Florida, hereinafte~
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~efrrred to as the Mortgagor, dces hereby mortgage and warrani to SECURlTY FEDERAL SAVlNGS ANO ?
LOAN ASSJCIATION 4F INDIAN RIVER COUNTY, a corporation organized and existing under the
taws of the United ~tates of America, hereinafter re ferred to as the Mortgagee, the following real estate
~n the County of _ St Luc ie _ in the State of Florida, to wit:
Lot Eighteen (18) of Block Three (3) of the Plat of TROPICAL ~
BEACH SUBDIVISION, as recorded in Plat Book 10, page 9 of the
Public Records of St. Lucie County, Fiorida.
7his is a second mortgage and is subject and inferior to that
certain mortgage made by Eugene Herndon and Mary Herndon, his
wife, in favor of Security Federal Savings and Loan Association i
of Indian River County, dated April 20. 1971 and recorded in
Official Records Book 191, page 2647~ Public Records of St. lucie
County, Florida. Any default in said first mortgage shall
automatically constitute a defauit under this mortgage. ;
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DUE ON ClASS'C NIT1W614LE rERSONAt IIIOPEtItY~
p{IWIAIfT TO pWTEI~ Ii•134. ACfS Of 1911.
NOCEII P01i~ Ctak Ci~+i Carrt. St tuc~e G. Fi~.
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tl?T.li RE:EKJ~ ~ -
P.B. ~90~ ~z ~
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If a conveyance should be made by the m~rtgagors of the premises herein described, or any part '
thereot, w~t!,out the written consent of the Association, and withoui assumption 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 option of the Association, and without notice, all sums of j
' money secured hereby shall immediately and concurrently with such conveyarxe become due and pay- ~
able and in defautt. The Association reserves the right to withhold consent to any such conveyance
ar~d assumption until and unless satisfactory financial reports and other persona) data required by the
Associat~on are furnished to the Association by the party acquiring title to the premises, or any part
thereof. By giv~ng its consent to such conveyance, the Association shall not be deemed to have released
the mortgagor hereunder from any liability hereu~der. The Association may deal with successors in in-
ter~st with reference to this mortage and the debi hereby secured in the same manner as with the
mortgagors, and may forbear to sue or may extend time tor payment of the debt, secured hereby, or
otl~erwise act without 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 this mortgage and the debt hereby secured by forbearing to
sve, extendin~ the time for payment of the debt, providing for different monthly payments and/or a
dif ferent interest rate, and by other express modi ficaiions of the contract, without losing any priority i
the Association has over other mortgagees or lienors or holders of any junior interest in the property
secured hereby.
Together with all buildings, improvem~nts, fixtures or appurtenances now or herea~ter erected there-
on or placed therein, including all apparatus, equipment, fixtures or articles, whether in single units or
centrally controlled, used to supply heat, gas, ai~ 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 here5y declared to be a part of said real estate whether physic-
ally at~ached ~hereta or not); and also together with al! easements and the rents, issues and profits ~f ~
said premises which are hereby pledged, assigned, transferred and set over unto the Mortgagee, whether ~
now due or hereaf;er to become due as provided in the Supplemental Ag~eement secured hereby. The
Mortgagee is here5y subrogated to the rights of all mortgages, lienholders and owners paid off by pro- ~
cee~s of the loan hereby secured BQ~~~ ~ t~
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