HomeMy WebLinkAbout2959 THIS ~'~STR~ A1ENT PftEPARED BY 22ss~O
Clyde P._ Platts SUPPLEMENTAI. TO L# 252
Secur~ty Federal Ssv+ngs 8 Loan I~ssoc~aho~ M O R T G A G E
oi Incl~an Rivrr County
S~xth Avcnuc and Tv.eMy F~rit Sfreet 522
Vero Efeach, fla~da 32960 ~ y . ^
, . . Loan No.. - - - - - - - -
THE UNDERSIGNED, - - - -
_ _ _ OLAF. S, EIIERTSON and _FLORENCE_E._EILERTSON,_his wife___
JF Fort_ Pterce C~ntyot St.Lucie__ _ State of Florida, hereinafte~ ~
~eferred to as ti,e Mortgagor, does hereby mortgage and wa~rant to SECURITY FEDERAL SAVINGS AND ~
LOAN ASSJCIATION OF INDIAN RIVER COUNTY, a corporation orga~ized and existing under the ~
laws af the United ~tates of America, hereinafter re f?rred to as the Mortgagee, the following real estate ~
~n the County of __St, Lucie in the State of Florida, to wit:
Lot Sixteen (16), Block 6, Unit 1, LAKEW000 PARK SUBDIVISION as per =
plat thereof on file in Plat Book 10, page 51. of the Public Records
of St.Lucie County, Florida.
This is a second mortgage and is subject and inferior to that certain
mortgage made by Olaf S. Eilertson and Florence E. Eilertson, his wife,
in favor of Security Federal Savings and Loan Association of Indian
River County, dated May 11, 1971, and recorded in Official Records
Book 192, page 1494, Public Records of St.Lucie County, Florida. Any
default in said first mortgage shall automatically constitute a
default under this mortgage.
;
IN rAYM9R Of T~ ~
0!1E ON CUl4S 'C' NITM16101E PER~JqA~t PROPERTr,
FURSWNT 10 GIAPTER ~1-134. ACTS Of 1971.
ROaf~ 10l~RAS, CNrti Oier~R C~wL St ta~i~ t~ Fl~ ~
~
W,, STAT t aF t= L O R I I~ A 3 ~ ~
t~ DOCUNiEJVTaQ~ STAMP TAX 3. ~
"i ~ = IIPR-~'7l ~ ~ - -
; ~ ' OLii.Oi ¢lYEKYE , . _ ~ ; 3 3 p ~ .
PB.~9o~~:
~ if a conveyance shoulci be made by the m~rtgagors of the premises herein described, or any part
''-s thereof, w~t!,out the w~itten consent of the Association, and without assumption in regular form of
3 law t-y the grantee of the obligations to the Association created by said promissory note and this mort-
G 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 concu rre~tly with such conveyance become due and pay-
~ ab~e and in default. The Assoc+ation reserves the right to withhold consent to any such tonveyance
~ anu+ assumption until and unless satisfactory financial ~eports 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 noi be deemed ~o have released
~ the mortgagor hereunder from any liability hereunder. The Association may deat 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 ot the debt, secured hereby; or
otf~erwise act without discharging or in any way affecting the liability of the mo~tgagors hereunder f
~ or upon the debt hereby secured. The Association may also deal witn the Mortgagors and/or with '
° successors in interest wifh reference to this mortgage and the debt hereby secured by forbearing to
sue, extendinb 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 (ienors or holders of any junior interest in the property
~ secured hereby.
' Together with al) buildings, improvements, fixtures or appurtenances ~ow or hereafter 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, air 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 doo~s, 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 hereafter to become due as provided in the Supplemental Agreement secured hereby. The
~ Mortgagee is hereby subrogated to the rights ot all mortga~geRs, li holders n owners paid off by pro- _
= ceeds of the loan hereby secured. 8~~~
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