HomeMy WebLinkAbout1072 223~13 ~ / ,
THI; .'.STR~_A1ENT PREPAREU BY
C~de P. Platts-
Secw~ty Fe~ra~ Ssvines 8 l..an Aesoc:aho~
o} InAidn Rrvi~ CountY M O R T G A C E
S~¦th Ave~ue and Tv?enty F~nf S~reet
Ve~o Bexh Flonda 32960 '
Loan No.. -
THE UNDERSIGNED, - - - - _ - - - -
BILLY H. LIPPARD and SANORA K. IIPPARD. his wife
~f Ft, Pierce_ Countyof__~_LuC_ie , State of Florida, hereinafter
•efrrred to as the Mortgagor, does hereby mortgage and warrant to SECURITY FEDERAI SAVINGS AND
LOAN ASSJCIATION OF It~DIAN RIVER COUNTY, a co~poration organized and existing under the ;
laws of the United Siates of America, hereinafter ref?rred to as the Mortgagee, the following real estate
th unt of _ St . Lu~i g~_ in the State of Florida, to wit: ~
e Co ~
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Beginning at the Northwest c~r~er of the ~outtiwest ~ of the Northwest ~ of
the Northeast ~ of Section 29, Township 35 South, Range 40 East, run North
89° 59' S0" East 124.23 feet; thence South 1° 12' 12" East 173.54 feet to a
point on the North right-of-way line of Edwards Road; thence run South
53° 36' 30" West along said right-of-way line 155.13 feet to the point of
intersection of Edwards Road right-of-way line and the Easterly right-of-way
line of Five Mile Creek; thence run North 43° 17' West along said Five Mile
Creek right-of-way line 6.14 feet; thence run North 0° 16' East 261.05 feet
to the Point of Beginning, as recorded in Plat Book 16, page 5, of the Public
~Records of St. Lucie County, Florida. ~ "
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V e P11R9UAIR TO CHM'iq ri-1~1. JIC1S Oi lsll.
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~ If a conveyance shoul~l be made by the m~rtgagors of the premises herein described, o~ any part '
~ thereof, w~t!~out the writtPri conseni of the Association, and without assumption in regula~ 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, al) sums of
money secured hereby shall immediately and concurrently with such conveya~ce become due and pay-
~ able and in default. The Association reserves the right to withhold consent to any such conveyance
~ ar~~' assumption until and unless satisfactory financial reports and other personal data required by the
~ Ass«iation are furnished to the Association by the party acquiring title to the premises, or any part
thereot. By g~ving its consent to such conveyance, the Assaciation shalt not be deemed to have released ~
~ the mortgagor hereunder from any liability 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
} ott~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.~n interest with reference to this mortgage and the debt hereby secured by forbearing to !
: sue, extend~nL 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 Association has over other mortgagees or lienors or holders of any junior interest in the property
= secured hereby.
Together with all bu~ldings, improvements, fixtures or appurtenances now or hereaiter erected there-
- on or placed therein, includin~ all apparatus, equipment, fixtures or articles, whether in single units or
centrallycontrotled, useci to supply heai, 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
'r~ shades, storm doors and windows, floor coverings, screen doors, awnings, stoves and water heaters
(all of which are intended to be and are here5y dec lared to be a part of said real estate whether physic-
ally attached thereto or not); and also together with all easements and the rents, issues and profits of
said premises which are hereby pledged, assigned, transferred and set over unto the Mortgagee, whether
now due or hereaftcr to become due as provided in the $upplemental Agreement ser_ured hereby. The
_ Mortgagee is hereby subrogated to the rights of all mortgages, lienholder~a~d rs pai ff b pro-
_ ceeds of the loar. hereby sec:,red SOOK~~ f:4f,~
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