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HomeMy WebLinkAbout1387 ~ b• _ . . THIS itiSTR~ ~tENT PKEPAREO BY ~~V'=`3~I _~..lvde P~P_L~~.~-- Secw~ty Federal Sav~ngs 3 Loan Assoc~af~cn M O R T G A G E ~ ot Ind~an Rrve~ Cacnty Si¦th Avenue and Twe~fy F~rst $ireel ~L ~ Ve~o Bexh. Flor~da 32960 V Loan No.- - - - - - j i THE UNDERSIGNED, _ - - ~ 1 _ _ H. F._HOWE _ INC~a Florida_Corporat_ion_-- ? _ ~ ~ f Ft . P i erce___ _ _ _ _ _ , County of_~.t. _..LuC i e__ _ , State of Florida, herei~after ~efcr~ed to as the Mortgagor, does hereby mortgage and warrant to SECURITY FEDERAI SAVINGS AND LOAN ASSJCIATION OF INDIAN RIVER COUNTY, a corporation orga~ized and existing un,~er the ~ laws of the United States of America, hereinafter re f?rred to as the Mortgagee, the following reat estate f ~n the Count~ of _St. Luci_e__ in the State of Florida, towit: ~ i ~ Lot Five (5) and the South 27.5 feet af Lot Six (5) of a Re-Subdivision of the West one-half of Block One (1) of a Re-Subdivision of FAIRMOUR PARK, according to plat of said Re-Subdivision recorded in Plat Book 8, at page 8, of the Public Records of St. Lucie County, Florida. ~ + ~ 5 i~~>i ~ ~,F ~~_UF~IUA . ! t~ ~ DOCU~;~~lTA~,•, ST<?+~P T: X I z _ _ ~ - FEB-8'72 - i v~i v ^ s - ~ CfJt.Of REtEl:iif i I 6 5 O_ Rrr.E~rEV m e IN PAYMENT Of T. ~ ~ f I P~,HOl~Y DUE ON CLASS'C INTAN619LE PER;IiVAI PR(1~,v;t. ~ PURSUAMi TO CFiAPTER 71-134, ACTS GF 1y7: ~ 6GGER POi1R.~;. Clerl, C:r~u~: Ccurt. St luce G~ n~. ~ I . i 3 0 € \ti s ~ ~ If a conveyance shoulcl be made by the m~rtgagors of the premises herein described, or any part F z thereof, wittiout the written consent of the Association, and without assumption in regular form o ~ law h~ 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 ~ money secured hereby shall immediately and concurrently with such conveyance become due and pay- ~ able and in default. The Association reserves the right to withnold consent to any such conveyance ~ ar~d assumption until and unless satisfactory financial reports and other personal data required by ihe ~ Associat~an are furnished to the Association by the party acquiring title to the premises, or any part ~ thereof. By giving iis consent to such conveyance, the Association shall not be deemed to have released ~ the mort~agor hereunder from any liability hereunder. The Assotiation may deal with successors in in- '8 r ter~st with reference to this mortage and the debt hereby secured i~ the same manner as with the ~ mortgagors, and may forbear to sue or may extend time for payment of the debi, 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 in interest with reference to this mortgage and the debt hereby secured by forbearing to suc, extendin~ 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 3 secured hereby. f _ Together with all bu~ldings, improvements, fixtures or appurtenances now or hereafter erected there- { on or placed therein, includina all apparatus, equipment, fixtures or articles, wh2t4ier in single units or ' centrally controlled, used to supply heat, gas, air conditioning, water, light, power, refrigeration, ventila- _ tion or other services, and any other thing now or hereatter therein or thereon, including screens, window~ ~ = shades, storm uoors and windows, floor coverings, screen doors, awnings, stoves and water heaters tall of which are ~ntended to be and are here5y dec lared to be a part of said real estate whether physic- a11y attached thereto or not); and also together with all easements and the rents, issues and profits of y' said premises which are hereby pledged, assigned, transfer~ed and set over unto the Mortgagee, whether ' - now due or hereaf;er to become due as provided ~n the Supplemental Agreement secured hereby_ The Mortgagee is hereby subrogated to the rights of all mortgages, lienholders and owners pa~d off by pro- ~ ceeds of the lean hereby secured ~ A s~19~ ~i3~ ' _ . . _ : .