HomeMy WebLinkAbout2719 ~ NIS ~~+STR~!~IENT PREPARE~ BY
_,_~lyde P. Platts _
Secunty Fcderai Savings 8, Loan ~lsdouatwn M O R T G A G E 23261~
of Ind~an R~vn Ca,My
S~ath /lvenue and Tv~enty i~nf Street
Ve~o Bexh. Flw~da 32960 l.0ar1 NO._ ~Q~----
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THE UNDERSIGNED, - _ - ~
- - KINGREY,_IN~., a F1Qrid~~orpora~ion
of Ft.._ Pi.grce__ Coun[yof-~_L~ .l~4~C_~_~ State of Florida, hereinaher
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-efer~ed to as the Mortgagor, does he~eby mortgage and warrant to SECURITY FEDERAL SAVINGS AND
IOAN ASSJCIATION OF INDIAN RIVER COUNTY, a corporation organized and existing under the
!aws of the United ~tates of America, hereinafter re f?rred to as the Mortgagee, the following real estate
~n the County of. __St Luc i e in the State of Florida, to wit:
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Lot Ten (10), Block Three (3), ST. JAMES PARK SUBDIVISION,
according to the plat thereof, as recorded in Plat Book 5,
page 58, of the Pubiic Records of St. Lutie County, Florlda. ?
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If a conveyance should be made by the m~rtgagors of the premises herein dexribed, or any part
thereof, wit!~out the written consent ot the Association, and without assumption in regular form of
law t-y thP grantee of ±he 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, atl sums of
money secured hereby shall immediately and concurrentty with such conveyance become due and pay-
able and in default. The Association reserves the right to withhold consent to any such conveyan~e
ar~d assumption untit an~ unless satisfactory finantia! reports and othe~ personal data required by the ~
A~saciation are furnished to the Association by the party acquiring title to the premises, or any part
thereot. By giv~ng its consent to such conveyance, the Association shall not be deemed to have released
the mortgagor hereunder from any liability hereunder. The Association may deal with successors in in-
ter~st with reference to this mortage and the debt hereby secured in the same manner as ~vith the
mortgagors, and may forbear to sue or may extend time for payment of the debt, secured hereby, or
ot~~erwise act withoui discharging or in any way affecting the iiabiiity of the mortgagors hereunder
or upon the debt hereby secured. The Association may also deal with the Mortgagors and/or with
successors in interest wirh reference to this mortgage and the debt hereby secured by forbearing to
sue, extendin~ the time for payment of the debt, providing for different monthiy 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
secured hereby.
Together with all buildings, improvements, tixtures or appurtenan~es now or he~eafter erected there-
on or placed there+n, including all apparatus, equipment, fixtures or articles, whether in single units or
centrally controlled, used to supply heat, gas, air conditioning, water, light, power, retrigeration, ventila-
tion or other services, and any other thing now or hereafter therein or thereon, including screens, window
shades, storm doors and windows, floor coverings, sCreen doors, awnings, stoves and water heaters
(all of which are ~ntended to be and are hereby dectared to be a part of said real estaie whether pF~ysic-
ally attached thereto or not); and atso togethe~ with alt easements and the rents, issues and profits of
said p~emises which are hereby pledged, assigned, transterred and set over unto the Mortgagee, whether
now due or hereaf;er to become due as provided in the Supplementa! Agreement secured hereby. The
Mortgagee is hereby suhrogated to ihe rights of all mortgages, lienhalders and ow er id off by pro- j
ceeds of the lcan hereby secured. g~~3 ~2~i~
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