HomeMy WebLinkAbout0609 - t 229149 . ~
THIS lNSTRUMFNT PREVARED 6Y: ~
Clvde P. Platts
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c~r M O R T G A C E Suppl ementa 1 to loan ~523
Si~cM AvMww ~nd TwN+ty Finf SfrKf
Ve~o Beaci~. Florida J2980
' Loan No.~~~
THE UNDERSIGNED,
ALAN D. EDWARDS ,~d PATRICIA ~QWARD~, his wife
of_ F~ = P t~ce , County of
S
t- l.~l~ ~ e , Siate of Florida, he?elnafter
refer~ed to as the Mortgagor, does hereby mortgage and warra~i to SEGURITY FE~ERAL SAVINGS AND
IOAN ASSOCIATION OF INDIAN RIVER COUNTY, a corporation organized and existing under the
laws of the United States of America, hereinafter refe~~ed to as the Mortgagee, the foliowing real estate
+n the County oi St. Lu~ i~ in tt~~ $tate af ~lar:~, *e ~+rit:
Lot Three (3), Block Sixteen (16), LAKEWObD PARK, UNIT 2.
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accordi~g to the plat th eo~, as reco~ded in Plat Book 10,
pages 56 and 56A, of the Public Records Af St. lucie County,
Florida. ~ '
This is a seco~d na~tgage and is subject and inferior to that
certain mortgage made by Alan D. Edwards and Patricia A. Edwards,
his wife, in favor of Security Feda~al Savings b Loan Association
of Indian River County, dated March 31, 1972 and ~ecorded in
Official Records Book 201, page i48, Public Records of St. lucie
. County, Flo~ida. My default in said fi~st mortgage shall autanatically
constitute a default under this mortgage. ?
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STATE ~F FLORIt7A `
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If a conveyance should be made by the rru~rigagors of the premises herein described, or any part
thereof, wit'tout ~he written consent of the Associat;on, and without assumption in regular form of
law hy the grantee of the obligations to the Association create~d 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 immediatety and concurrently with such conveyance become due and pay-
able and in default. The Association reserves the right to withhold consent to any such tonveyaryce
and assumption until and unless sati5factory financiai 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 Associatior~ shall not be deemed to have refeased
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 withoui 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 io
suc, extending the time for payment of the debt, p~oviding for differeni monthly payments and/or a
different inte~est rate, and by other express modifications of the contract, without losing any prioriry
the Association has over other mortgagees or lienors or holders af any junio~ interest in the property
setured hereby.
Together with all buiidings, 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
centralty controlted, used to supply heat, gas, air conditioning, water, light, power, refrigeration, ventila-
tion or other services, and any other thing now or hereafter therein or the~eon, including screens, window
shades, siomt doors and windows, floor coverings, streen doors, awnings, stoves and water heaters
(all of wh;ch are intended to be and are hereby dec lared 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 premises which are hereby pledged, assigned, transferred and set over unto the Mortgagee, whether
now due or hereafter to become due as provided in the Supplemental Agreement secured hereby. The
Mortgagee is hereby wbrogated to the rights of ail mortgages, lienholders and owners paid off by pro-
, ceeds of the loan hereby secured. 0 R
BQOK P4CE Ull~
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