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THIS IhSTRUAIENT PR~PAREO BY
Clyde P. Platts , ~ t~ •r"M+ ~f~r~? N~ H~
Secw~ty Fedcral Savings b~ Loan Aisoual~e~ M O R T G A G E ~~~~E~ ~i~l~' NI'
ot Indian Rrvar GountY ~y ~I ~ `fl~
$~ath Avenue and Twenfy Fust Streef ~~1•~~`~ w~ ~
vero Beach, Flwida 32960
Loan No._ .Z
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THE UNDERSIGNED, - -
LEONARD MORRISON and NANCY MORRISON _ his'wif~
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of Fort _Pierce Countyof_~._Lucie , State of Fiorida, he~einafter
referred to as the Mortgagor, does hereby mortgage and warrant to SECURITY FEDERAI. SAVINGS AND
LOAN ASSOCIATION OF INDIAN RIVER COUNTY, a corporation organized and existing under the
laws of the United ~tates of America, hereinafter re f?r~ed to as the Mortgagee, the following real estate
~n the County of L~Luc i e_____ in the State of Florida, to wit: ~
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Lots Twelve (12), Thirteen (13), Fourteen (14) and ~
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Fifteen (15), Block 17, FORT PIERCE BEACH SUBDIVISION,
according to the Revised Map of Fort Pierce Beach, filed
in Plat Book 8, page 29, of the Public Records of St.
lucie County, Florida. ~
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~ If a conveyance shoulcl be made by the m~rtgagors of the premises herein described, or any part
thereof, wittiout 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 morY-
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 concu rrently with such conveyance become due and pay-
able and in default. The Association reserves the right to withhold consent to any such conveyance
ar~d assumption until and unless s~tisfactory financial reports and other personal data ~equired by the
Association 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 Association shall not be deemed to have released
the mortgagor hereunder from any liability hereunder. The A~sociation may deat 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 t
successors in interest with reference to this mortgage and the debt hereby secured by forbearing to
~ sue, 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 in the property
~ secured hereby. ~
Together with all buildings, improvements, fixtures or appurtenances now or hereaiter erected there- '
on or placed therein, includin~ all apparatus, equipment, fixtures or articles, whether in single units or
` centrally controlled, used to supply heai, gas, air conditioning, water, 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 doors, awnings, stoves and ~vater heaters ~
~ (all of 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 premises which are hereby pledged, assigned, transferred and set over unto the Mortgagee, whether
now due or hereafrer to become due as provided in the Supplemental Agreement ser_ured hereby_ The
Mortgagee is hereby subrogated to the rights of a(I mortgages, lienhoiders and owners paid off by pro-
ceeds of the lear, hereby secured. ~1~
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