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HomeMy WebLinkAbout1181 , ~ THIS \STRUVENT PREPAREO BY Cl de P. Platts___ , ~i Y--- - - Secur~~y Fedcrai Savfngs a ~oan nsscc~anc~ M O R T C A G E of Irnf~an R~vr: Cuunly • S~+~th Avenue arW TweMy F~~st Slreet Ver~ @cacA. Flonda 32960 Loan No. 7_.-~ . - THE UNDERSIGNED, _ - - - - - - - - _ _.AMERICAN NOME_S_ _ AND_MORT6AGE1__INC,1_ a Florida_ corporation_ _ _ _ of Ft . P i~ r_~e County of S t,_ Luc i e , State of Florida, hereinafter referred to as the Mortgagor, dues hereby mortgage and warrani to SECURITY FEDERAL SAVINGS AND LOAN ASSUCIATION OF INDIAN RIVER COUNTY, a corporation organized and existing under the laws of the United ~tates of America, hereinafter re f?rred to as the Mortgagee, the following real estate ~ n the Counh of S t._.~u~~ e___ in the State of Florida, to wit: Lot Twenty-Six (26), Block Five (5), LAKEWOOD PARK, Unit 8-B, according to the plat thereof, as recorded in Plat Book 11, page 48, , Public Records of St. Lucie County, Florida. ? ~ E oF FL.~R D~' j > DOCUMENZARY rA ~ pEPt.Oi REVE tIL " ' '~42.T5i s+s ~ ~ ~ ~IO~arri , ~ p - P.L ~ . ~ = 11~02 O ~ ~ - ~ IN PAYMENT Of TAXfS DUE ON CLASS 'C' INTANGIBLE PERS~NJIL ~ROPERIY. I 1~ pUpSt1ANT TO CHAPIER 71-13l, ACTS Of 1911. h~~`~ ~ ROGER PORRAS k CLERI( ~IRCUIT OOURT~ ST. LUCIE 00, ~LJ~ ~ . i ~ ~ If a conveyance shoul~l be made by the m~rtgagors of the premises herein described, or any part ~ tF?ereof, without 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, 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 withhold consent to any such conveyance ar~~+ ~sumption until and unless satisfactory financial reports and other personal data required by the Association are furnished to the Association by the party acquiring title to the premises, or any part thereof. By g~ving its consent to such conveyance, the Association shall not be deemed to have released the mertgagor hereunder from any liability hereunder. The Association may deal with successors in in- ter~st with reference to shis 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~e~wise aci 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 ~ successers 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 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 hereafter erected there- ~ on or placed therein, includin~ all apparatus, equ+pment, fixiures 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, windovv , - shades, storm doo~s and windows, floor coverings, screen doors, awnings, stoves and water heaters (all of which are intended to be and are hereby 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 af said premises which are hereby pledged, assigned, transferred and set over unto the Mortgagee, whether now due or hereaf;er to become due as provided in the Supplemental Agreement se~ured hereby. The . Mortgagee is hereby subrogated to the rights of all mortgages, lienholders nd owners paid oft by pro- ~ ceeds of the loan hereby secured ~QR~; 20.~~' r;.Ct J! ~ , ~ ~ f - ~`.~~-'~~~~^~'~~r 'f t„' c.~z~#- . _ _ - ~~'~'~.~-~'r.~a^ _ . _ . .