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TMIS lNSTRUMENT PREPAREO 8Y: ~ `
it . ; ' •
C1Yde P. Platts
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i~' c~ a w"°`~.~~°„ M O R T G A C E ~~'w'i~
Sixfh Ave~we and Twtr~ Fiaf SfrNf
v~ s~xh, fb.~a 3~~ Loan No. 550
THE UNI)ERSIGNED,
EVERETT E. GREEN, a si~91e adult
of. F~~i4~a , County of S t. LuG 1 e , State of Florida, herei~aher
referred tq as the Mortgago~, does hereby mortgage and warrant to SECURITY FEDERAL SNVINGS AND
LOAN ASSOCIATION OF INDIAN RIVER COUNTY, a corporation organized and existing under the
laws of the United States of America, hereinaffer re ferred b as the Mortgagee, the following real estate
~n the County of ~r s in th~ State af Florid3, to wlt:
Lot Twenty-Five (25), LESS the West 27.66 feet thereof, all of
• .
Lot Twenty-Six (26), Block "B", WEST'END AbD'ITION, according to
the plat thereof, as reco~~d''in Prlat 9~dc 2; page of tha Publ ic
Records of St. ~ucie Courrty, Florida, LESS road right-of-way.-/~
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W STAT E oF F!.. O R 1 D A
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If a conveyance should be made by the m!~rtgagors of the premises he~ein described, or any part
thereof, wit!wut the wriiten cansent of the Association, and without auumption 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, anci at the option of the Association, and without notice, all sums of
money secured hereby shall immediatety and concu rrently 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 ihe party acquiring title to the premises, or any part
thereof. By giving its consent to such conveyance, ihe Association shall noY be deemed to have released
' the mortgagor hereunder from any liability hereunder. The Association may deal with successors 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, secured hereby, or
otF?erwise 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 secured by forbearing to
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 Association has over other mortgagees or lienors or holders of any junior interest in the property
securecf hereby.
Together with all buildings, improvements, fixtu~es or appurtenances now or hereafter erected there-
on or placed therein, including all apparatus, equipment, fixtures or articles, whether in single units or
centraNycontrolled, used io supply heat, gas, air conditioning, water, light, power, refrigeration, ventila-
~ion or other services, and any other thing now or hereafter ther~ir~ ar ils~:~s, ':ncl~sling screens, ~indnw
shades, storm doors and windows, floor coverings, screen doors, awnings, sto~ves and water heaters
(all of which are intended to be and are hereby declared b 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 p~emises which are hereby pledged, assigned, transferred and set aver unto the Mortgagee, wheiher
now due or hereafter to become due as provided in the Suppiemental Agreemenf secured hereby. The
Mortgagee is hereby subrogated to the ~ights of atl mortgages, lienholders ar?d owners paid off by pro-
; ceeds of the loan hereby secured.
8oQ~202 607
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