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THIS INSTRUMENT PREPAREO BY.
Clyde P. Platts
Secunty FWeral Savi~s 6 Loan I?uocut~on M O R T G A G E
of Indian Riv~ Cou~MY
Sixth Averwe and T Fi~st Stn~f
v~.o s~xti. Fb.~~ ' Loan No.~~48
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THE UNDERSIGNED,
NARVEY L. SEYM01l~ and MARION B. SEYMOUR. hig wife
of F~ P igrce , Couny of ~t Luc i e , State of Florida, hereinafter
refer~ed to as the Mo~tgagor, does he~eby mortgage and warrant to SECURITY FEDERAL SAVINGS AND
IOAN ASSOCIATION OF INDIAN RIVER COUNTY, a corporation organized and existing under the ~
laws of the United States of America, hereinafter re farred to as the Mortgagee, the following real estate
~n the County of_ S~ • Luc i e in the State of Florida, to wit:
Begin at the Southeast corner of Government Lot 1, Section 26, Tow~ship 35
South, Range 40 East, at the water's edge of the Indtan River; thence west
along the south line of said Government Lot 1 to the southwest corner of
said Lot; thence north alo~g the west line of said Lot 1, a distance of
82.6 feet, thence east parallel with the south line of said Government Lot l,
to a certain concrete monument, located about 5 feet south of the south corner
of a certain sheet iron shed; thence in an East-Northeasterly direction a
~distance of 136.1 feet to a concrete monument located on the west line of
tndian River Drive, which point is 100 feet North-Northwesterly from the ~
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intersection of the south line of said Government Lot 1 and the west line of
Indian River Drive (said 100 feet measured along the west line of Indian
River Orive), thence east parallel with the South line of said Government Lot 1,
a distance of 175 feet, more or less, to the water's edge of the Indian River;
thence South-Southeasterly along the water's edge of the Indian River to the
, Point of Beginning.
; EXCEPTING THEREFROM, all easements for public ~oads, riparian rights, the easement
f for the Florida East Coast Railroad and the easement for the Intracoastal Waten~vay. ~
~ If a conveyance should be made by the mortgagors of the premises herein described, or any part
` therec~f, wittiout the written consent of the Association, and without assumption in regular form of
~ law hy the grantee of the obtigations 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, atl sums of
~ money secured hereby shall immediately and concurrentty with such conveyance become due and pay-
able and in default. The Association reserves the right to withhold consent to any such conveyance
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 to such conveyance, the Association shall not be deemed to have released
the mortgagor hereunder from any tiabiliry hereunder. The Association may deal with successors in in-
terest with reference to this mortage and the debY hereby secured in the same manner as with the
mortgagors, and may forbear to`sue or may extend time for payment of the debt, secc:~ed hereby, or ,
ott?ervvise 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 secu~ed by forbearing to
~ suc, 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 cont~act, without losing any priority i
the Association has over other mortgagees or lienors or holders of any junior interest in the property ~
secured hereby.
Together with all buildings, improvements, fixtures or appurtenances now or hereafter erected there-
on or placed therein, including all apparatus, equipmeni, fixtures or articles, wheiher 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 screens, window
shades, storm doors and windows, floor coverings, sc~een doors, awnings, stoves and water heate~s
(all of which are intended to be and are hereby declared to be a part of said real estate whether physic-
atly attached thereto or not); and also together with all easements and the rents, issues and profits of
said premises which are hereby pledged, assigned, iransferred and set over unto the Mortgagee, whether
now due or hereafter to betome due as provided in the Supplemental Agreement secured hereby. The
Mortgagee is hereby sub~ogated to the rights of all mortgages, lienholders and owners paid off by pro-
ceeds of the loan he~eby secured. ~ R ~ ~
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