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TeiIS ~tiSTRUAtENT PREPARED BY • •
___Cl r~de P._Platis
Setw~fy Focfcral Savings 6 Loan Assoaahon
o} i„1,~, a~„:~ ca~~Y M O R T G A G E
S~nth Avenuc and TNenty F~~sf Sfrccl
Ve~o Bcach, Florlda 32960
Loan No.-- -
THE UNDERSIGNED, _ _ _
ROBERT A. SCNRE IBER _ and PHYLL I S_SCHRE IBER~_ h_i s wi fe__
of Ft.Ptsr~~,__ __-__.,Countyof St.Lucls__- , Stateof Florida, hereinaher
~eferred to as the Ivlortgagor, daes he~eby mortgage and warrant to SECURITY FEDERAL SAVINGS AND '
LOAN ASSJCIATION OF INDIAN RIVER COUNTY, a corporation organized and existing under the
laws of the Lnited ~tates cf America, hereinafte~ ref?rred to as :he Mortgagee, the following real estate
~n she Count~~ af _ St . luc i e__ ~n the State of Florida, to wit:
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lot Four (4) , B 1 ock 0/+~bF~dredQ~i~K~i ne (159) . LAKEWOOD PARK,
Unit No. 12, according .to plat `:there~_
f as recorded in Plat Book 11 ,
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pages 26A and 268, of ~f~~~~R.ybl~t;a'~~F~rds of St.Lucie County,
Florida.
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STA'r~ ~ STAMP tAl.I
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~ If a conveyance shoul~l be made by the m~rtgagors of the prernises herein described, or any part
~ thereof, wit!~out th~ writtPn consent of the Association, and without assumption in regular form of
~ law hy the g~antee 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-
able and in default. The Association reserves the right to withhold consent to any such conveyance
ar~~ assumption until and unless satisfactory financial reports and other personal data required by the
Assoc~ation are furnished to the Association by the party acquiring title to the premises, or any part
thereot. By giving its consent to such conveyance, the Assoc~ation shall not be deemed to have released
the mertgagor hereunder from any tiability hereunder. The Association 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
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
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~ svc, extendin ; the time for payment of the debt, providing for different monthly 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 i~ the property
secured hereby.
Together with all buildings, improvements, fixtures or appurtenances now or hereaiter erected there-
on or placed there+n, includin~ all apparatus, eguipment, fixtur~s or articles, whetlier in single units or
centrally controlled, used to supply heat, gas, air conditioning, water, light, power, refrigeration, ventila-
~ tion or other services, and any other thing now or hereafter therein or thereon, including screens,'windovv
~ shades, storm doors and windows, floor coverings, screen doors, awnings, stoves and water heaters
(all of which are intended so be and are here5y declared 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 premises which are hereby pledged, assigned, transferred and set over unto rhe Mortgagee, whether
~ now due or hereafter to become ciue as provided in the Supplemental Agreement secured hereby. The
Mortgagee is here5y subrogated to the rights of all mortgages, lienholders and owners paid off by pro-
~ l ceeds of the lean hereby secured ~U`R` ra~~~
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