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HomeMy WebLinkAbout2399 . ~ ~ iN11 t`STR~ AtENT PREPARED 8\ ~ . _~~de_P. Platts. . ~ecur~ty Fedcral Savings b Lc.an Aisocia~~o•~ `r M O R T C A G E ~36~;~~ of Ind~an R~~o~ CouMy S~.th Avenuc and Twenty fust Slree? \'cr. Erxh. Flor~da 32960 ~ Loan No.. 664_ - _ ~ THE UNDERSIGNED, - - - - - _ A. T.. HOWEIL~_JR,_ and LOUISE H,_HOWEII,__his__wtfe. ot Ft. Pierce Countyof St_. Lucie.__ , State of Florida, hereinaher ~efcrred to as the fVtortgagor, does hereby mortgage ~nd ~varrant to SECURITY FEDERAL SAVINGS AND LOAI~ ASSOCIATtON OF INDIAR! RIVER COUNTY, a corporation organized and existing under the laws of the United ~tates of America, hereinafter re f?rred to as the Mortgagee, the following real estate ~~i the County of _St. Lucie ___~__T in the State of Florida, towi~: ; Lot Eleven (11), Block Ninety-two (92), LAKEWOOD PARK SUBDtVISION, UNIT EIGHT, according to the plat thereof, as recorded i~ Plat Book 11, , page 19, of the Pub)ic Records of St. Lucie County, Florida. ? w _ OTj q~ ~~F ~~s ~c ieii. P11f1~1~ ~ ~ppr,ER POItW?~ tE 00, ~ C{A~ ~fCT' Si. lUC l~~\`~ P~ F,~~~/~ ~ ~ ~ ~ cF ~ 5 ~ 15~ ~a~F ~~c ; 3 ~ 1 G J~ % , ~ QO ~~12 ~ ' ~ i ~G v y ~ ° ~ 7, 70 ~Q~ o;~'o,.z ~ J Qe. 9 If a conveyance shoul~l be made by the m~rtgagors of ihe premises herein described, or any part ihereof, w~t!~out the written 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 no~e and this mort- gage, then, and in that event, and at the option of the Association, and without notice, a11 sums 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 ar~d assumption unti) and unless satisfattory financial reports and other personal data required by the Assac~ation are furnished to the Association by the party acquiring title to the premises, or any part thcreot. By g~ving its conseni to such conveyance, the Association shall not be deemed to have reieased tF,e mortgagor hereun~er 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 mortgagors, and may forbear to sue or may extend time for payment of the debt, secured hereby, or ott~erwise act 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~n; 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 thc Association has over other mortgagees or lienors or holders of any junior interest in the property secured hereby. Tcgether with all ouildings, impravements, fixtures or appurtenances now or herea~ter e~ected there- on or placed there~n, including all apparatus, eq~~iPment, fixtures or articles, ~vhether in single units or centrafly controlled, used to supply heai, gas, air conditioning, water, light, power, refrigeration, ven[ila- tion or other services, and any other thing now or hereafter therein or thereon, including scree~s, window shades, storm doors and window:, floor coverings, screen doors, awnings, stoves and water heaters (ail of wi,ich are intended to be and are hereby declared to be a part of said rea) estate whether physit- alfy at~ached theretc or not); and also toge!her with all easem~nts and the rents, issues and profits of said prernises which are hereby pledged, assigned, transferred and set over unto ihe Mortgagee, whether now due or hereaf;er to become ciue as provided in the Supplemental Agreement se~ured hereby. The Morigagee is here5y subrogated to the rights of all mortgages, lienholders and owners paid off by pro- cee~s o~ the lea~: hereby secur~d 0 R~(]C~ ~ _ ao~K v~~ ~ncE x ~ _M , ~ . . _ ~:Y