HomeMy WebLinkAbout0174 235n91 "
TNIi ~'.STR' ~~tENT PREPAREO B~ '
_Clyde P_ _P_lat•ts _ _
;c~cw~ty Federa~ Sav~ngs b L,.~,
A:src~ahe^ M O R T G A G E Suppl emental to Loan ~504
ot InJ~on Rrv.r Gounty
S~?th Avcnue arxi T~enty Fust Street
vcro Bexh flonda 32960
Loan No.- 6--5 - - - -
THE UNDERSIGNED, - - - - ~
ISAIAH LU~AS ~nd NELEN M._IUCA~,~i_~_~rtife-_--- '
~,f Ft_. Pierce_ Countyof-~~._ L4~C1~_-.___._~, State of Florida, hereinafter
~efrrred to as the Ivlortgagor, does hereby mortgage and warrant to SECURITY FEDERAL SAVII~GS AND
LOAN ASSJCIATION OF INDIAN RIVER COUNTY, a corporation organized and existing under the q
laws of the United ~tates of America, hereinafter re f?rred to as the Mortgagee, the following real estate
~n the Counh of St Lu_&i e_____ in the State of Florida, to wit:
~
Lots N i ne (9) and Ten (10) , B 1 ock Ten (10) , SOUTHERN ~A!MdF.~S SUBD 1 V I S~I ON,
less the West 10 feet of Lot Ten (10), according to the plat thereof, as
recorded in Plat Book 9, page 68, of the Public Record,s of St. Lucie County,
Florida.
The said Isaiah Lucas is also known as Isaac Lucas. He is the same person
as the person named as Issiah lucas (in error) in that certain Warranty
Deed recorded in Official Records Book 194, page 482, of the Public Records
of St. Lucie County, Florida.
This is a second mortgage and is subject and inferior to that certain mortgage
made by Isaiah Lucas and Helen M. Lucas, his wife in favor ef Security Federal
Savings ~ Loan Association of Indian River County, dated March 13, 1972 and
recorded in Official Records Book 200, page 1490, Public Records of St. Lucie
County_, Florida. Any default in said first mortgage shall automatically
constitute a default under this mortgage. ~
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N LE%T..1i P:YFiJE C~~t~
~ P~.19011Y
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~ If a conveyance shoul~l be made by the m~rtgagors of the premises herein described, or any part
~ there~f, wit~,out the wriiten consent of the Association, and without assumption in regular form of
law t•y the grantee of the obligations to the Association created by said promissory note and this morY-
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 concu rrently with such conveyance become due and pay-
able and in default. The Association reserves the right to withhoid consent to any such conveyance
ar~d assumption ~until and unless satisfactory financial reports and other personal data required by the
Asscc~at~cn are furnished to the Asseciation by the party acquiring title to the premises, or any part
thereol. By giving its consent to such conveyance, ~he Association shalf not be deemed to have released
tF~e mort~agor 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 with the
martgagors, and may forbear to sue or may extend time for payment of the debt, secured hereby, or
~ ot~~erwise act without discharging or in any way affecting ihe liabifity o` the mortgagors hereunder
or upon the debt hereby secured. The Association may also deal with the Mortgagors and/or with
~ successors +n ~nterest with reference to this mortgage and the debt hereby secured by forbearing to
~ suc, extendin ; the time for payment of the debt, providing for different monthly payments and/or a ~
~ different ~nterest rate, and by other express modifications of the contract, without losing any priority ~
~ tt~e Association has over other mortgagees or lienors or holders of any junior interest in the property ;
~ secured hereby.
~ Tegether w~th all ~u~ldings, ~mprovements, fixiures or appurtenances now or hereaiter erected there- ~
on or placed there~n, incl~di~g all apparatus, ec,uipment, fixtures or articles, whetlier in single units or ;
~ centrally controlled, used to wppfy heac, gas, air conditioning, water, light, power, refrigeration, ventila- 3
~ tion or other services, and any other thing now or hereafter therein or thereon, includmg screens, window ;
~ shades, storm doors and wind~w~, floor coverings, screen doors, awnings, stoves and water heaters :
(all of which are intended io be and are hereby declared to be a part of said real estate whether physic-
atiy attached theretc or not); and also together with all easements and the rents, issues and profits af
said premises which are hereby pledged, assigned, transferred and set ove~ unio the Mortgagee, whether
now due or hereaf;er to become due as provided in the Supplemental Agreement secured hereby. The
~ Mor;~agee is hereby subrogated to the rights of all mort ages, iienhofders and owners paid off by pro-
~ ceeds of the !ea~: r~ereby secured
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