HomeMy WebLinkAbout1582 THI; .~STR'-ti!ENT PREPAREO B~
C 1 yde _ P_ P 1 at t s__ 231855
Secunty Fede.ai Sav~nQs 3 Loan Ansoc~al~c^
o+ co,.~tY M O R T G I? G E
S~.th Avznuc and Twenty F~nt Street
Vero Beach. Flon,ia 32960
Loan No.- - 59.
THE UNDERSiGNED, - -
CARPENTER CHEVROLET ~ OLDSM061LE~ INC., a Oelaware Corporation ;
of _ Fort Pierce Counryof Saint _ Lucie _ , State of Florida, ha~einahe~
-eferred to as the Mortgagor, does hereby mortgage and ~va~rant to SECURITY FEDERAI SAVINGS AND
LOAN ASSOCIATION OF It~DIAN RIVER COUNTY, a corpo~ation organized and existing under the
iaws of the Un~ted States of America, hereinafter refarred to as the Mortgagee, the following real estate
~n the Count~ of Saint__Lucie in the State of Florida, to wit:
Lots Six (6) and Seven (7), Block 30, FORT PIERCE SHORES,
REVISED PLAT OF UNIT FOUR, as per plat thereof on file in
Plat Book 9, page 35, of the Public Records of St.Lucie
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County, Florida.j
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~ If a conveyance shoulcl be made by the m~rtgagors of the premises herein described, or any part
I thereof, witMout the written consent of the Association, and withoui assumption in regular form of
~ law f~y the grantee of the obligations to the Association created 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 immediately and concurrently with such conveyance become due and pay-
~ able and ~n default. The Association reserves the right to withhotd consent to any such conveyance
~ ar~~ assumption until and unless satisfactory financial reports and other personal data required by the
Assoc~at~cn are furnished to the Association by the party acqui~ing title to the premises, or any part
~ thereot. 8y gtving its consent to such conveyance, the Association shall not be deemed to have released
~ the mertgagor hereunder from any liability hereunder_ The Association may deat with successors in in- _
ter~st with refe~ence to this mortage and the debt hereby secured in the same manner as with the 5
mortgagors, and may forbear to sue or may extend time for payment of the debt, secured hereby, or
~ ott~erwise acr 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
~ suc, extend~nb 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
3 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 erecteci 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 hereafter therein or thereon, including screens, window
~ shades, storm doors and winduws, floor coverings, screen doors, awnings, stoves and water heaters
~ (all of which are intended so be and are here5y declared to be a part of sa+d real estate wheti,er physic-
ally attached thereto or no~); 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 ihe Mortgagee, whether
~ now due or hereafter to become due as provided in the Supplemental Agreement se~ured hereby. The
~ Morsgagee is hereby subrogated to the rights of all mortgages, lienholders and ow ers paid off by ro-
~ ceeds of the lear: hereby secured ~j p~~
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