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TNIS ~NiT11UMEN? MtE~AREO •Y lc ~ ~ .
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~r~~a.~~r..c~n MORTGAGE
SI~cM~ AvMwe aed T F~ u~..~ 551
v«o s..~n. F~o.+a.~ ~ Loan No.
~j71 ~ : - ~ ; ~
THE UNDERSIGNED, J S b 1tEVELLE ~ a s i nal! adul t and
VILLIAM E TESGHNER and JANICE H_ TE~~,~.L~~ife
~ of Fort Pi erce , C~~ af_~~i t nt Luc i s State of Florids, he~einaker
refer~ed to as the Mortgagor, does he~eby mortgage and warrant ro SECURIIY FEDERAL 5/1VINGS AND
LOAN ASSOCIATION OF INDIAN RIVER COUNTY, a corporation organized. and existing under the
laars of the United States of America, hereinaker re ferred to as the Mortgagee, the following real estate
+n the County of Sa T nt Luc i e in the State of Fiorida, to wtt:
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Lots Two (2), through Twelve (12) inclusive, Block 4, REVISED
PLAT OF PALM HAVEN SUBDIViSION, according tb the plat thereof
es recorded i~ ~~at o~~ ~aga a# the Public Records
of Saint Lucie County, Florida: : _
~ ~08 00
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If a conveyance should be made by the mortgagors of the premises herein des4~ibed, or any part
thereof, wit!~wut the written co~sent of the Association, and without assumption in regular form of
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 ~ight to withhold consent to any such conveyarxe
and 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 io such conveyance, the Association shall not be deemed to have released
~ the mortgagor hereunder from any liabitity hereunder_ The Association may deal with suctessors in in-
~ terest wit~s 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 withoui discharging or in any way affe4ting the liability of the mortgagors hereur~der
z 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 b~; forbearing io
~ sue, extending 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 Associatio~ has over other mortgagees or lienors or holders of any junior interest in the property
~ . setured hereby. f
Togethe~ with all buildings, improvements, fixtures or appurtenances now or hereafter eretted ~here-
on or placed therein, including all apparatus, equipment, fixtures or articles, whether in single units or
centrally controlled, used 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 xreens, window
shades, siorm doors and windows, floor coverings, screen doors, awnings, staves and water heaters
(all of which are intended to be and are hereby dec lared to be a part of said real estate whether physic-
ally attached thereto or :~t); 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 hereafte~ to become due as provided in the Supplemental Agreement secured hereby. The
Mortgagee is hereby subrogated to the rights of all mortgages, lienholders and owners paid off by pro-
ceeds of the loan hereby secured. ~~"~Q
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