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~ T~IIS 1NSTRUMENT PREPARED 6Y:
Clyde Ps Platts
Setvity Federal S~v~~s i Loan Assotistlon •
ot ~na;an R;,,., caunti M O R T G A G E ~
Sixth Avenue ard Twenty Fint Street
v~~o e~xn, f~a~a. 3~ao Loan No..._5~1~_-
THE UNDERSIGNED,_ ~
FRANCES V. GEISEL, a~inale adult .
of -E~• _P
i~~.~ , County of_~t • ~uS 1 e State of Florida, hereinafter
referred to as the Mortgagor, does hereby mortgage and warrant to SECURITY FEDERAL SAVINCS AND
LOAN ASSOCIATION OF INDIAN RIVER COUNTY, a corporation organized and existing under the
laws of the United States of America, hereinafter re ferred to as the Mortgagee, the following real estate
~n the County of_~L~ L~c ie in the State of Florida, to wit:
Lots Fourteen (14) and Fifteen (15), Block Seventy-Two (72~~;~ a ~'3 .'f
BILTMORE PARK, according to the plat thereof, as recorded in
Plat Book 4, page 52, of the Public Records of St. Lucie County, -
Florida. ?
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~ If a conveyance should be made by the morigagors of the premises herein described, or any part
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~ thereof, wit!wut the written consent 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 ai 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
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 liability hereunder. The Association may deal with sutcessors in in-
terest 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, setured hereby, or
otF?ervvise act without distharging or in any way affetting the liability of the mortgagors hereunder
E or upon the debt hereby secured. The Association may also deal with the Mortgagors and/or with
a successors in interest with reference to this mortgage and the debt hereby secured by forbearing to
sve, 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 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, equipment, fixtures or articles, whether in single units or
centrally controlled, used to supply heat, gas, air conditioning, water, IighY, power, ref~igeration, 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 doors, awnings, stoves and water heaters
(all of which are intended to be and are hereby detlared to be a part of said real estate whether physic-
ally attached thereto or not); and also togethe~ with all easements and the rents, issues and profits of
said premises which are hereby pledged, assigned, transfe~red and set over unto the Mortgagee, whether
now due br hereafter to become due as provided in the Supplemental Agreement setured hereby. The
Mortgagee is hereby subrogated to the rights of all mortgages, lienholders and owners paid off by pro-
t
ceeds of the loan hereby secured. g R~~) Z~
~.vr.? P~CE
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