HomeMy WebLinkAbout1606 THIS IhSTRUt~1ENT PREPARED BY ~~Q~f~~y
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Ct~de P._Platts •
iecw~ty Fedcrai Savi~gs d loan Assx~ahon M O R T G A G E
oi Ind.an R~vav Counly
S~xih /lvenuC and Twenfy Fuet 51~eet
Ve~o Beach, Flpr~da 32960 L pQ
Loan No._ _vov--- -
THE UNDERSiGNED, - - - -
___HAROLD_ ~ATES and._HIIQA I_, GATES, his_ wife_____
of Ft._ P_ierce_~ ____,Countyof St._Lucie ~ ,StateofFlorida,hereinafter
referred to as the Mo~tgagor, does hereby mortgage and warrant to SECURITY FEDERAL SAVINGS AND
LOAN ASSJCIATION OF INDIAN RIVER COUNTY, a corporation organized a~d existing unde~ the
laws of the United 5tates of America, hereinafter re f~rred to as the Martgagee, the followi~g rea! estate
~n the County of. ._St,_ l.uc i e_____ ~n the State of Florida, to wit:
Lots Eleven (il) and Twel~e (12), Biock Three (3), OCEAN Vl~~ ~Z ;l+;
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SUBDIVISION, according to the plat thereof, recorded in Plat-Book 6,
page 61, of the Public Records of St. Lucie County, Florida.
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STATE ~F FLORIDA. ~
DQCUMENTARY STAMP TA>: ~
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OlE Ot~ f,1~SS'C' f1(fA11CIBlE rERSOlIAL MIprER(i.
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If a conveyance shoul~t 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
law t-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-
ab(e 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 persona) data required by the
Assocsatien are furnished to the Associat:on by the party acquiring title to the premises; o~-arry part
thereot. By g~ving its consent to such conveyance, the Association shall noi be deemed to have released
the mertgagor hereunder from any liability hereunder. The Associatio~ may deal with successors in in-
terest 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
otF~erwise act without discharging or in any way affecting the iiability of the mortgagors hereunder `
or upon the debt hereby secured. The Association may also deal with ihe Mortgagors and/or with
successors in interest with reference to this mortgage and the debt hereby secured by forbearing to
sue, e~tendiny ihe time for payment of the debt, providing for different montF?ly 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, fixtures or appurtenances now or hereaTter erected the~e-
on or placed therein, includin~ all apparatus, equipment, fixtures or articles, whetfze~ in single units or
centrally controlled, used to supFly heat, gas, air condiiioning, water, light, power, refrigeration, ventila-
tion or other services, and any other thing now or hereatter therein or thereon, including screens, window
shades, storm doors and windows, floor coverings, screen doors, awnings, stoves and water heaters
(all of which are intended so be and are here5y dec(ared to be a part of said real estate whether physic- ;
alfy attached thereto or not); and also together with all easements and the rents, issues and profits of '
said premises which are hereby ptedged, assigned, transferred and set over unto ihe Mortgagee, whether
now due or hereafter to become ciue as provided in the Supplemental Agreement secured hereby. The
Mortgagee is hereby subrogated to the rights of all mortgages, lienholders and owners paid off by pro-
ceeds ef the loar~ hereby secured. 1~C ~
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