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THIS tt~STR~JAIENT PREPAftEO BY.
_~jyde P,_Platts
sf eRde~a~~~~s s ~oan w:s«~.t~o~ M O R T G A G E
Sixth /lvrrnx and Twenfv f~nf Strtet
Ve~o Beach, Florida 32960 ~
Loan No.- ~i96----- - ~
THE UNDERSIGNED,_~ -
WAYNE CONSTRUCTION CO., a Florida corporation___ _ ~
~f _ F,~, _P_jg~c~ Countyof-~t.~Lu~L~__ , State of Florida, hereinaker
referred to as the Mo~tgagor, 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 States of America, hereinafter re f?rred to as the Mortgagee, the following real estate
~n the County of_ Luc i e in the State of Florida, to wit:
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Lot Seven (7) , Block Th i rteen (1 , SURFS I DE, UN IT TWO (2) ,
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~ according to the plat thereof, as ~ecorded in Plat Book 11, !
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~ page 8, of the Public Records of St. Lucie County, Florida..~
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i If a conveyance should be made by the m~rtgagors of the premises herein described, or any part
~ thereof, wit!~out the written consent of the Association, and without assumption in regular form of
s law hy 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 withhold consent to any such conveyance
~ an~+ assumption until and unless satisfactory financial reports and other personal data required by the ~
~ Association are furnished to the Association by the party acquiring title to the premises, or any part
~ thereof. By giving its consent to such conveyance, the Association shall not be deemed to have released
~ the mortgagor 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
~ otherwise 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
= succeswrs in interest with reference to this mortgage and the debt hereby secured by forbearing to ~
_ suc, extending the time for payment of the debt, pro~ iding 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 ar lienors or holders of any junior interest in the property
secured hereby.
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_ Together with all buildings, improvements, f+xtures or appurtenances now or hereafter erected there-
on or placed there~n, including all apparatus, equipment, fixtures or articles, whether in single units or
;s centrally controlled, used to supply heat, gas, air conditioning, water, light, power, refrigeration, ventila-
tion or othe~ services, and any other ihing now or hereafter therein or thereon, including screens, window
- shades, storm doors and windows, floor coverings, screen doors, awnings, stoves and water heaters
`z; (all of which are intended to be and are here5y declared to be a part of said real estate whether physic-
= ally attached thereto or not); and also togerher with all easements and the rents, issue-s ~nd profits of
said premises which are hereby pledged, assigned, transferred and set over unto the Mortgagee, whether
_ now due or hereafter to become due as provided in the Su~plemental Agreement secu~ed he~eby. The
~ Mortgagee is hereby subrogated to the rights of all mortgages, lienholders and owners paid off by pro-
' ceeds of the loan hereby secured
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