HomeMy WebLinkAbout1889 Iri~; ~~•,SiR~.A!ENT NREPAFED BY
~Cl_yde P,_ Platts - Supplemental to Loan A~28 •
F~~~a~ s.~„ „b~ a, i: ns>.X~~~~~~- M O R T G A G E
of I~~,a~ R~vrr Co~anty
,~.th Avenuc and Teenty F~rst Street ~
\'e•o 5~~~ch FIor~Ja 32960 Loan No. ~~S
THE UNDERSIGNED, - - - - - - _ - - - _ _
WESTGLEN CORPORATION~a_.Florida corporation
~t Ft . P i ~rce _ _ _ _ , County of_~.t, l~c i e _ , State of Florida, hereinafter
-efcrred to as the lvtortgager, does hereby mortgage and warrant to SECURITY FEDERAL SAVINGS AND
LOAN ASS~CIATION OF It~DIAN RIVER COUNTY, a corporation organi2ed and existing under the
!a~vs o` the Un~ted ~tates of America, hereinafter ref?rred to as the Mortgagee, the following real estate
n the Count~ of St . Luc ie in the State of Florida, to wit:
Lots Five (5), Six (6), Thirty-five (35) and Thirty-Six (36),
WESTGLEN SUBDIVISION, according to the plat thereof, recorded in
Plat Book 14, page 51, Public Records of St. Lucie County, Florida.~
j~li~ IS a Sc"'COi~u iin3i'ia3ay'c ai~u i5 ~uu~ca.i aiiv 's~f~rtor t0 t~:o~
certain mortgage made by Westglen Corporation, a Florida corporation, ;
in favor of Securit~r Federal Savings and Loan Association of ~
Indian River County, dated May 7, 1970 and recorded in Official `
Record Book 184, page 1402, Public Records of St. Lucie County,
Florida. My default in said first~mortgage shall sutomatically
constitute a default under this mortgage.
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RE~~vED t...- _ IN PIIYME1fi ~ T11~ O UMENTARr .
t7VED °c ~ ~~P . oi IIIC E' ' s
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S'C' tNTANGIBIE PERSORaI PROPERfY, 7 .
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F~; RSWINT TO (~tER 71•13~. ACTS Of 19)1. ~ e«~~ ~fA`1a
ROGER POITRAS ^ Q ^1~i02
~IRCIlJi COURT~ Si. WCIE 00., fU1~ -
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~ If a conveyance shoul~l be made by The m~rtgagors of the premises herein described, or any part
6 thereof, wil~,out the written consent of the Association, and without assumption in regular form of
law t-~ th~ ~rantee of the obligations to the Association created bv said promissory note and this mort-
ga~e, then, and in that event, and at the option of the Association, and without notice, all sums of
monev secured hereby shall immediately and concurrently with such conveyance become due and pay- .
able and ~n default. The As~ociation 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
Asscciation are furnished to the Associat:on by the party acquiring title to the premises, or any part
thereot. By g~ving its consent to such conveyance, the Association shall not be deemed to have released
tF,e mort~agor hereunder from any liability hereunder. Tl~e Association may deal with successors in in-
ter~st with reterence to this mortage and the debt hereby secured in the same manner as with the
mGrt~dgOrS, 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 upun the debt hereby secured. The Association may also dea! with the Mortgagors and/or with
~ successors in interest with reference to this mortgage and the debt hereby secured by forbearing to
~ sve, extend~n~; 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 fosing any priority
~ th: Association has over other mortgagees or lienors or holders of any junior interest in the property
m
~ secured hereby.
~ Tegether with all buildings, ~mprovements, fixtures or appurtenances now or hereafter erected there-
~ on or placed there~n, including all apparatus, equipment, fixtures or articies, whether in single units or
~ centrally controlled, used to supply heat, gas, air conditioning, water, li~ht, 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 doors, awnings, stoves and water heaters
~ (all of which are intended to be and are here5y dec lared to be a part of said real estate whether physic-
alfy attached theretc or not); and also toge!her with all easements and the rents, issues and profits af
said premises which are hereby pledged, assigned, transferred and set over unto ihe Mcrtgagee, whether
now due or hereai;er to become ciue as provided in the Supptemental Agreement secured hereby. The
Mortgagee is hereby subrogated to the rights of all mortgages, lienholders and owners paid off by pro-
ceeds of the !car: hereby secured ~ R f1
BGUr~U~ vAIE ~
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