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TMIS t~cSTRl1AtENT PREPARED BY
Clyde P. Platts
Secwdy FeAcral Savings a Lcwn Assoaahon It. ..p~~,R T~ A G E
of IrW~an Rrvr~ CcuNy
S~ath Avenue and T~enty F~nt Street ~ - '
Veru Beach, Flo~i~a 32960 ~O6
~ - - - - Loan No.. . - - - - - -
THE UNDFRSIGNED, - - - - _ -
AIBERT R. BURDGE and CONSTANCE R. BURD6E, his wife
,,t Fort Pies'Ce- ~CUtztyOf~L.--LL+C!'@ - c~~tp of F~_+!!*~3, hereinafte?
referred to as the Mortgagor, does hereby mortgage and warrant to SECURITY FEDERAL SAVINGS AND
LOAN ASSJCIATION 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 _ St LuC i e___ in the State of Florida, to wit: ~
Lots Thirteen (13) and Fourteen (14), Block 2, WAGNER f
SUBDIVISION, according to the Plat thereof as recorded in -
Plat Book 9, page 74 of the Public Records of St. lucie ~
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County, Florida. `
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~ If a conveyance shoul~l be made by the m~rtgagors of the premises herein dexribed, or any part
~ thereof, without the wri!ten consent of the Association, and without assumption in regular form ot
; 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, all sums of
~ money secured he~eby shall immediately and concurrently with such conveyance become due and pay-
R able and in default. The Association reserves the right to withhold consent to any such conveyance
~ ar~~+ assumption until and unless satisfactory financia! reporis and other personal 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 shal{ not be deemed to have released
~ the mortgagor hereunder from any liability hereunder. Tl~e Association may deal with successors in in-
~ terest with reference to this mortage and the debt hereby secured in the same manner as with the
~ mort a ors, and ma forbear to sue or ma extend time for a ment of the debt secured hereb or
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~ 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 deal with the Mortgagors and/or with
~ s~ccessors ~n interest with reference to this mortgage and the debt hereby sewred by forbearing to
sue, extendin~ the time for payment of the debt, providing for different monthly payments and/or a
dif Ferent interest rate, and by other express modi fications of the contract, w~thout losing any priority
the Association has over other mortgagees or lienors or hofders of any junior interest in the property
= secured hereby.
Together with aU bu~ldings, improvements, fixtures or appurtenances now or hereaiter erected there-
on or ptaced therein, includin~ all apparatus, egu+pment, fixtu:es or articles, whether in single units or
centrally controlled, used to supply heat, gas, air conditioning, water, light, power, refrigeration, ventiia-
~ tion or other services, and any other thing now or hereafter therein or thereon, including screens, window
r~ 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-
s{ ally atiached thereto or not); and als~ together with alt easements and the rents, issues and profits of
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said premises which are hereby pledged, assigned, transfer~ed and set over unto rhe Niortgagee, whether
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nvw c3ue vr nereaf;er to Lecc~rre due as provided in the Supplemental Agreement ser_ured hereby. The
Mortgagee is hereby subrogated to the rights of ~I~n es, lie h I and owners paid off by pro-
ceeds of the lean hereby secur~d • SOOK PAl•r
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