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THIS i<STR'~\tENT PREVAREO BY
---C~de P_--Platts----- .
sa~~~es 8 lcwn Assoc~at~or. M O R T G A G E
ot Ind~an f:~vrr County
S~xth Ave~ue and Twenty f~nt Street
Ycr,, Beach. Florida 32960
Loan No.- - -
THE UNDERSIGNED, _ -
_ _ . _ _ _ ROB_E_RT _A. SCHRE I BER and PHYLL I S M,_.~~NRE_1~~R~ ~ I~3fg -
~f FL. P igrce Counry of_~._Lu~ i e__._ , State of Florida, hereinafter
~efrrred to as the Mortgagor, does hereby mortgage and warrant to SECURITY FEDERAL SAVINGS AND
LOAN ASSJCIATION OF INDIAN RIVER COUNTY, a corporation organized and existing under the
laws of the United ~tates of America, hereinafter re f?rred to as the Mortgagee, the following real estate
~n ;he County of S_t ._Luc i e__ _ in the State of Florida, to wit:
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Lot Three (3), 61ock Thirty-Seven (37), LAKEWOOD PARK, UNIT N0. FOUR,
(4), according to the plat the~eof, as recorded in Plat Book 11,
page 2, Pubtic Records of St. lucie County, Florida.~
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W s~rA~~ ~F ~=~o~iuA
.v } OOCUMERlTAp~ ST~~MP TAX
~ 3 j = ~25'n ~~g. OO_ ~
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~ V ~1r.~i RiYEKYE _
i ~8,190112 ~
! ~1M~ i~-=-61~ PAYMEM OF TAXFS
Dl1E ON CIASS 'C' INTAq61Hl.E PERSOMAL PROPERiY. ~
~ MIR~tIANT TO CIIArTER ri•134. AC1S OF 1971. f7l~
~ NDGER POITRAS, CNr1~ Grcutt Coun. St Lud~ Co. Fla. r
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If a conveyance shoulci be made by the m~rtgagors of the premises herein dexribed, or any part
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~ thereof, wit!~out the written consent of the Association, and without assumption in regular form of
~ 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 ~n default. The Association reserves the right to withhold consent to any such conveyance ~
~ ar~u+ assumption until and unless satisfactory financial reports and other personal data required by the ;
~ Assac~atian are furnished to the Association by the party acquiring title to the premises, or any part ~
~ thereot. By giv~ng its consent to such conveyance, the Association shatl not be deemed to have released~ ~
~ the mort~agor hereunder from any liability hereunder. The Association may deal with successors in in- ~
ter~st 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 atfecting the liability of the mortgagors hereunder ;
' or upon the debt hereby secured. The Association may aiso deal with the Mor,gagors and/or with ~
'.i successors ~n interesx with reference to this mortgage and the debt hereby secured by fortiearing to ~
- sue, exten~~n~ the time for payment of the debt, providing for different monthly payments and/or a ~
~ dif Ferent interest rate, and by other express modi fications of the contract, without losing any priority ~
the Association has over oth~r mortgagees or iienors or holders of any junior interest in the property
secured hereby.
Tegether with aIl bu~ld~ngs, ~mRrovements, fixtures or appurtenances now or hereaiter erected there- ~
~ on or placed there~n, includin~ all apparatus, equipment, fixtures or a~ticles, whether 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 hereafter therein or thereon, including sc~eens, window ~
shades, storm doors and windows, floor coverings, screen doors, awnings, stoves and water heaters
's=y (all of which are intended to be and are here5y declared to be a part of sa~d real estate whether physic-
ally attached thereto or not); and alsa tuge!her with all easements and the renis, issues and profiis o4
, said premises which are hereby pledged, assigned, transferred and set ove- unto the Mortgagee, whether
now due or hereaf;er to become ciue as provided in the Supplemental Agreement secured hereby. The
'J;~ Moftgagee is hereby subrogated to the rights of all mortyages, lienholders and owners paid off by pro- ~
_ ceeds of the Iear. hereby sec;,reci 'tfi.Qr 1~~9 il;t ~J~.~~` '
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