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THIS IhSTR'.A1E~1T PREPARED BY '
C1Xde P_Platts,-_ ~
Secw~ty federal SavinS: d. ~oan Assx~al~o~
o~ i~a~~, rt~~~= c«,~rY • t • M O R T C A G E
S~ath Avenuc and T~wenfy firsf Sfrcet `
Vr.o 9each Florida 32960
Loan No.. _772 -
THE UNDERSIGNED, - :
STEPHEN G.. REDSTONE and 80NNIE L. REDSTONE,_ h_is .wife
of Ft . P i e rce_ County of_ S t_. _ Lu c i e__. , State of Florida, hereinafter
refer~ed to as the Ivtortgagar, does hereby mortgage and .varrant to SECURITY FEDERAL SAVINGS ANO
LOAN ASSrJCIATION OF INDIAN RIVER COUNTY, a corporatio~ organized and existing unde~ the
laws of the United ~tates of America, hereinafter ref~rred to as the Mortgagee, the following real estate
~n the Counh of St Luc i e__ in the State of Florida, to wit:
Lot Eight (8), Block Forty-Seven (47), RIVER PARK, Unit Five,
;
according to the plat thereof, as recorded in Plat Book 11,
page 31, of the Public Records of St. Lucie County, Florida.
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If a co~veyance shoul~f be made by the m~rtgagors of the premises herein described, or any part
thereof, wit~out the writtpn consent of the Association, and withou~ assumption in regular form of ;
law t~y the g~antee of the obligations to the Association created by said promissory note and this morf- t
gage, then, and ~n 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 sa~isfactory financial reports and other perso~al data required by the
Assoc:ation are furnished to the Associat:on by the party acquiring tit!e 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 mert~agor hereunder from any liability hereunder. The Association may deal with successors in in-
ter~si 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 Yime for payment of the debt, secured hereby, or s
otF~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 deai with the Mortgagors and/or with
~ 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 ditferent monthly payments and/or a
p different interes~ ra~e, and by other express modifications of the contract, without losing any priority
~ thr Association has over other mortgagees or lienors or ho~ders of any junior interest in the property
~ secured hereby.
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~ Together with all bu~ldings, improvements, fixtures or appurtenances no~• or hereaiter erected ihere-
~ on or placed therein, including all apparatus, eguipment, fixtures or a:ticles, whether in single units or
~ centrally controlled, used to supply heat, gas, air conditioning, water, light, power, ~efrigeration, ventila-
~ tion or other services, and any other thing now or hereafter therein or thereon, inciuding 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 declared to be a part of said real estate whether physic- _
ally attached thereto or not); and also togerher with all easements and the rents, issues and profits of
said premises which are hereby pledged, assigned, transferred and set over unto ihe Mortgagee, whether
now due or hereaf;er to become due as provided in the Supplemental Agreement secured hereby. The
Mortgagee is hereby subrogated to the rights of all mortgages, lienholders and owners paid off by pro-
_ ceeds of the lear. hereby secur~d ~ R ~O~ 1373
socr. •r~ct
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