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TNIS INSTRUMENT PREPAREO BY: ~~~N~~
C1Yde P. Platts _ -
s~cun~Y feaaal s,v;,~s a ~o,n Assou~~~o~
ot i~?a~, R~„K c«,r+n~ M O R T G A G E •
Si,cth Averwe and Twte~ty First Strcet
Ve?o BexA. Floridi 32960 .
Loan Na~_~5~__._
THE UNDERSIGNED,_-
I~f LMER H. GOB~ and ODESSA .L. GOFF. his wlfe _
of F.t ~_~L~.t,G~ , County of_.___S_t. L~~ i s , State of Florida, hereinaRe~
referred to as the Mortgagor, does hereby mortgage and war~ant to SECURITY FEDERAL SAVINGS AND
LOAN ASSOCIATION OF INDIAN RIVER COUNTY, a corporation orgahized and existing unde~ the
laws of the United States of America, hereinafter refarred to as the Mortgagee, the fol(owing real estate
, ~ n the County of__ S t. Luc i e in the State of Florida, to wit:
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\ The South 322.5 feet of the Norwth 718.5 feet of the East # of the Northwest ~
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of Section 28, Township 34 South, Range 40 East; LESS the following:
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- Commence 726 feet South of the Northwest corne~ of the East ~ of the
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W~ Northwest corner of Section 28, Township 34 South, Range 40 East, ~un thence
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East 553.68 feet, thence in a Northwesterly direction, parallel to the West ~
~ a~{~ right-of-way of Old Dixie Highway 7.5 feet to the Point of Beginning, and
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~ from said Point of Begin~ing, run thence East 247.12 feet to the West right-
~ of-way line of the Old Dixie Highway, thence in a Northwesterly direction,
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W~ along the said West right-of-way i~ne= a distance of 176.27 feet, thence West
247.12 feet, thence in a Southeasterly dtrection, parallel to the West right-
of-way line of the Old Dixie Highway, a distance of 176.27 feet to the Point
of Beginning, in the East ~ of the Northwest ~ of Section 28, Township 34 South,
''o ~~i Range 40 East; ALSO LESS and except that portion iying West of the East right-
' of-wa line af U. S. No. 1 and less that rtion 1 in East af the West ri ht-
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of-way line of the Florida East Coast Railroad. r
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II If a conveyance should be made by the mortgagors of the premises herein descr+bed, or any part
N thereof, wit'~out the written consent of the Association, and without assumption in regular form of
~ ~ law h•,r the g~antee of the obligations to the Association created by said promissory note and this mort-
L gage, then, and in that event, and at the option of the Association, and without notice, all sums of
y~ money secured hereby shall immediately and concurrently with such conveyance become due and pay-
~ able and in detault_ The Association reserves the right to withhold consent to any such conveyance
and assumption until and unless satisfactory financial reports and other persona) data required by the
i'~~~'~~~ Association are fumished to the Association by the party acquiring title to the premises, or any part
i:: '!S thereof. By giving its consent to such conveyance, the Association shall not be deemed to have released
the mortgagor hereunder from any liabitity hereunder. The Association may dea) with successors in in-
i 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 t;me for payment of the debt, secured hereby, or
' otherwise act without discharging or in any way affecting the liability of the mortgagors hereunder
or u{wn 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 by forbearing to
sue, extending the time for payment of the debt, providing for different montf~ly payments and/or a
different interest rate, and by other express modifications of the c~ntract, without losing any priority
the Association has over other mortgagees or lienors or hotders of any junior interest in ths property t
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, light, power, refrigeration, ventila- ~
tion or other services, and any other thing now or hereafier therein or thereon, including screens, window ?
,
shades, sto~m doors and wincbws, floor coverings, screen doors, awnings, st~es and water heaters
' (all of which are intended to be and are he?e5y declared to be a part of said real estate wh~ther physic-
~ ally aftached 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 ta become due as provided in the Supplemental Agreement sesured hereby. The
~ Mortgagee is hereby subrogated to the rights of all mortgages, lienholders and owne~s paid off by pro-
~ ceeds of the loan hereby secured. go~~f' ~~C~
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