HomeMy WebLinkAbout1120 240121 lo ' , : .
THIS thSTR!;~1ENT FREPARED BY.
_ Cl~de_P. Platts
Secw~ty fedcra~ Savings 6 Loan Assx~at~rn M O R T C A G E
of Ind~an R~vrr County
S~xth Avenuc and T.~enty i~nf Sf~eet
Ycro Bcach Flonda 32960
Loan No.- - 122- - - - - -
THE UNDERSIGNED, - - - - -
STANLEY LEON__COCKRELL_ and EDITH ANN COCKRELL _ hi~s_wife_
~E For t P i_erce County of S t_ Luc i e , State of Florida, hereinafter
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. . _ • • ~ - - cri-~ io~TV cGnGpAI cA~/InIC:C ANI~
'CICfItfU IV d~ 1~~C w~v~~~d~~ii~ ~.vc~ i:cia.v~ :::v::b.:p:. :'.a::..::: :v.._~.~:-,. . - ~ _ .
LOAN ASSJCIATION OF lNDIAN RIVER COUNTY, a corporation organized and existing under the
laws oi` the Un;~ed ~fates of America, hereinafter re f~rred to as the Mortgagee, the following real estate
~n the Count~ of. S t._ Luc i e _,~n the State of Fforjda, to wit: ~
Being a parcel of land lying in Block 32, LAKEWOOD PARK UNIT 4,
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according to Plat th~eof ~f i lEd tn Plat B ook 11 , Page 2, Publ ic ~ ~
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Records of St. Lucie County, Florida; the boundary of said parcel. ~
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being more particularly'described as•follows: }
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From the Southeast corner of the aforesaid Block 32, run South $90
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57' West 387.50 feet to the point af beginning; thence continue ?
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South 89° 57' West 85 feet; thence North 0° 03' West 1Q0 feet; thence t
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North 50° 09' East 78 feet; thence North 80° 57' East 25 feet; thence ~
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South 0° 03' East 150 feet to the point of beginning. (Tract 10)
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~E~CEtVED ! 'ss ~v iN /AYYF]ff Oi TII1~S ~
~ ~ . F ~ 0!~ ON CIASS ~C INTAM6181E PF ~RSONAI ?p~ry~ . ' {
~ ~ ~IER 71-131, 11CTS pF 19)~
ROGER PORRAS ~t c~
. ~RK CIRCt1R COURT, ST. L,UC~E ap~ ~
,
If a conveyance shoul~l 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 ptomissory note and this mort-
gage, then, and in that event, and at the option of the Association, and without notice, al! 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 witnhold consent to any such conveyance
ar?~ assumption until and unless satisfactory financial reports and other personal data required by the
~ Assoc~atien are furnished to the Associat;on by the party acquiring title to the premises, or any part
; thereot. By giving its consent to such conveyance, the Association shall not be deemed to have released
~ the mortgagor hereunder from any liability hereunder. The Association may deat with successors in in-
' ter~st with reference to this mortage and the debt hereby secured in the same manner as with the
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m~,.tgagors, and may forbear to sue or may extend time for payment of ihe debt, secured hereby, or
oil~erwise act without discharging or in any way affecting the liability of the mortgagors hereunder
or upen 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, extendin ; the time for payment of the debt, providing for different monthly payments and/or a
difFerent interest rate, and by other express mod~ifications 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 al~ buildings, improvements, fixtures or appurtenances now or hereaiter erected ihere-
on or placed there~n, inciuding al) apparatus, eGuipment, fixtures or articles, whetlier in single units or
centrally controlled, used to supply heat, gas, air conditioning, wate~, light, power, refrigeration, ventila-
~ tion or other services, and any other thing now or hereafter therein or thereon, including screens, window
shades, storm doors and windows, floor coverings, screen doars, awnings, sioves and water heaters ;
~ (all of which are ~ntended ro be and are hereby declared to be a part of said real estate whether physic- f
~ ally attached thereto or not); and also togerher with all easements and the rents, issues and profits of
~ said premises wh~ch are hereby pledged, assig~ed, transferred and set over unto ihe Mortgagee, whether
~ now due or hereafter to become due as provided in the Supplemental Agreement secured hereby. The
i Mortgagee is here5y subrogated to the rights of all mortgages, lienholders and owners paid off by pro- j
ceeas of the lea?: hereby secured ~ '
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