HomeMy WebLinkAbout2787 t. w L' ~i ~ ' ~ ~~t 230621
THIS INSTRUMENT PREPAREO 8Y:
C1Yde P. Platts ~
of
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RFidiiw.~ca~xw?ternfay~O1" w,.«ar~a+ ''•'M O R T G A G E
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d~~idiT32960Fint Stntf ~~:i~ ~ e~, ~ i•. t f .
• Loan Na ~ 57TT, _ - :
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THE UNDERSIGNED, . , -
MARTIN C. HERNDON snd MARTHA S F~RNDON. his wife
of_ Fort Pie~ce , Countyof St.lucie ~ , State of Flo~ida, he~einaher
refer~ed to as the Mortgago~, does hereby mortgage and warrant to SECURITY FEDERAL SAVINGS AND
LOAN ASSOCIATION OF INDIAN RIVER COUNTY, a corpwation organized and existing under the
laws of the United States of America, he~einafter refer~ed b as the Mortgagee, the following reai estaM
~n the Counry of St. Lucie in the State of Fforida, to wit:
Lots Five (5), Six (6), Seven (7), Eight (8), Nine (9), Twenty-
three (23), Twenty-four (24), Twenty-fTve (25). Twenty-six (Z6)
and Twenty-seven (27), of OLEANDER-PARK according to plat
thereof on file in Plat Book 9, page 76, of tha Public Records
of St.Lucia County, Florida~/
aa
•Z~lD -n~ w~n~atr oF Tin~t
ouE oN ~u?ss ~c ~rmwsre~ ~t P~ww
p~ TQ (~UIPTER 71•134. ACTS Of ly)L
NOGER POITRAS
CLEAK CINGlR OOURT, Si. WCIE 00~ Fl~
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W S~'ATE ~ FLORID ~ ~ORlOA `
v~' ppC ~ STAMP TA~ . STAMP TAX ~
3 ~ - :~-rie r ~ = j
~I . - '~77:25= 7725;-
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If a conveyance should be made by the mortgagors of the premises herein described, or any part
thereof, wit!~out the written consent of the Association, and without assumption in regular form of
"law h~/ the grantee of the obligations to the Associaiion created by said promissory note and this mort-
gage, then, and in that event, and at the option of th~ Association, and without notice, all wms _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 fumished 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 deat 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
othen~vise act without discharging or in any way affe4ting the liability of the mortgagors hereunder
or upon the debt hereby secured. The Association may also deal witfi the Mortgagors and/or with
~ successors in interest with reference to this mortgage and ihe debt hereby secured by forbearing to
sue, extending the time for payment of the debt, praviding for different monthly payments ared/or a
different i~terest 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 controll~d, usFd to supply heat, gas, air conditioning, water, light, power, refrigeration, ventila-
tion or other s~rvices, and any other thing now or hereafter therein or thereon, including screens, window
shades, storm doors and windows, floor coverings, st~een doors, awnings, stoves and water heaters
(all of which are intended to be and are hereby declared to be a part of said real estate whether physic-
ally attached. thereto or noi); 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 subrogated to the rights of all mortgages, lienholders and owners paid off by Qro-
ceeds of the lean hereby secured.
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