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THI~ :tiSTR; A1ENT VREPAREU Bl v~
----~-~~P_..Platts ~
, Secw~ty Fedcrql Sav:nas d l:~.xi Assx~ahcr ? M O R T G A G E
of Ind~~ Rwrr CouMy .
S~atA Avenuc .~nd T,~enty Fuet Strce!
\'~~o Bcarh Flor~da 3296G 667
Loan No. - - - . _
THE UND~RSIGNED, _ . - - - - - ,
_ JQHN FRpNKL I N__JACKSON and_ CIARA A. _JACKSON, . h i s_ wi fe '
of Ft . P i e rce , County of~ S t.. Luc i e , State of Florida, hereinafter ;
refrrred tu as the tvlortgagor, does hereby mortgage and ~var~ant to SECURITY FEDERAL SAVINGS AND ;
LOAN ASSOClATION OF I1~DIAN RIVER COUNTY, a corporation organized and existing under the
laws of the llr.ited ~tates ef America, hereinafter re f~rred to as the Mo~tgagee, the following real estate
~
~n the Counh~ of S t.. luc ie_ _ the State of Florida, to wit: <
A parcel of iand in the East 3/4 of the East 1/2 of Section 22, Townshlp 36 South,
Range 40 East, St. Lucie County, Florida, lying Eastpr}y-of State Roa,d No, 5
(U.S. Highway No. 1), more particularly described as'follows:
Comnence at the point where the Mlest line of said ~/4 intersects the original -
East right-of-way of said road (being 33 feet from the center line thereof); }
thence run East alo~g a line parallel to the North line of said Section~22 a
distance of 50.80 feet to the point of intersection with the proposed Easterly
right-of-way line of said State Road No. S, said point being the Point of
Beginning of the parcel of land hereinafter described;
Thence continue Easterly on the last desc~ibed course a distance of 350 feet
to a point; thence run Northwesterly parallel to the Easterly right-of-way of
State Road No. 5 a distance of 109.32 feet to a point; thence run Westerly
parallel to the North boundary of said Section 22 a dista~ce of 350 feet to -
the point of intersection with the West boundary of the East 3/4 of the East 1/2
of said Section 22, and also the proposed Easterly right-of-way of State ~
Road No. 5; thence run Southeasterly along the proposed Easterly right-of-way ~
of said State Road Mo. 5 a distance of 109.32 feet to the Point of Beginning.,/ ;
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. If a conveyance shoulrl be made by the m~rtgagors of the premises herein described, or any part '
thereof, wit!~out the written consent of the Association, and without assumption in regular form of
iaw t-y tke grantee of the obligations to the Association created by said promissory note and this mort-
gage, then, and +n that event, and at the opt;on of the Association, and without notice, all sums of
money secured hereby shall immediately and concurrently with such conveyance become due and pay-
abie and in default. The Association reserves the right to withhold consent to any such conveyance
ar~d assumption until and unless satisfactory financial reports and other personal data required by the
Assoc;ation are furnished to the Associat:on by the party acquiring title to the premises, or any part
thereof. By g~ving its consent to such conveyance, t he Assoc~ation shatl not be deemed to have reteased
the mortgager hereunder from any tia~ility hereunder. The Association may deal with successors in in-
ter~st with reference to this mortage and the debt hereby secured in #he same manner as with the
mortgago~s, and may forbear to sue or may extend time for payment of the debt, secured hereby, or
otl,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
sve, extendin; the time for payment of the debt, providing for different month(y payments and/or a
dif ferent interest rate, and by other exp~ess modi fications of the contract, without losing any priority
the Association has over other mortgagees or tienors or holders of any junior interest in ihe property
secured hereby.
Tegether with all bu~ldings, ~mprovements, fixtures or appurtenances now or hereaiter erected ihere-
on or placed there~n, including all apaaratus, ee,uipment, fixtures or articles, wheil~er in single units o~
centralty controlled, used to suppfy heat, gas, air conditioning, water, I+gF~t, power, ~efrigeration, venfila-
tion or other services, and any other thing now or hereafter therein or thereon, including screens, windo~n-
shades, storm ~oors and windows, fioor coverings, screen doors, awnings, stoves and ~vater heaters
(a!I ot which are intended to be and are here5y dec lared to be a part of said real estate whether physic-
ally attached thereto or not); and also together with all easements and the rents, issues and profits of
said premise; which are hereby pledged, assigned, transferred and set over unto ihe Mortgagee, whether
now due or hereaf;er te become due as provided in the Supplemental Agreement secured hereby. The
Mortgagee is hereby subrogated to the rights of all mort~ages, lienholders and owners paid off by pro-
ceeds of the !car: hereby SeCJf°d EODI( r..V~ PMif
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