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Tti1S ~`.STR':t~'ENT PREPAREO B~ ~~4659
--Cl~de P. _Platts - .
Secw~W Frcfcrai Savtngs d lo.xi Assx~ano•~ M O R T G A G E
of In~.~an R~vrr County
S~ath Avcnuc dnd Taenfy fust Shecf
Vcro Besch, flo~~da 32960 8~ ~
Loan No. _ - -
THE UNDERSIGNED, - - - _ - - - - - - - - - - - - - - - - - -
_ __BRIAN R, McCULLOUGH and MARY ANN McCULLOUGH, his wife ~
of Ft . P i~ rGe _ County of St . Luc i e _ , State of Florida, he~einafter
~ efrrred to as the Mortgagor, does hereby mortgage and ~varrant to SECURITY FEDERAL SAVINGS AND
t(~AN ASSJCIATION OF IPIDtAfv RIVER COUNTI~'. a corporation orQanized and existin~ under the
la~vs of the Ur.~ted ~tates of America, hereinafter re f~rred to as the Mortgagee, the following real estate
~ n the Count~ of S t._Lt~G in the State of Florida, to wit:
Lot Fourteen (14), Block j~}~e~~(3~ SltHOMESITES, according
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to the plat thereof, as recorded in P_lat Book 13, page 14, of the
. -
Publ ic Records of St. Lucie County, Flor'~i`da.
.
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~~1MIT T ~H ~CI ~ p pAYMElYT pF.r . ~ •
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~~K POITIL~ACis p~ ~9/1,
CIAtx11T CW/RT. ST, ~ itj~.~
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~ If a conveyance shoulri be made by the m~rtgagors of the premises herein described, or any part
~ thereof, wit!~out th~ wri±ten co~sent of the Association, and without assumption ~n 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 Associat~on, and ~vithout notice, all sums of
~ money secured hereby shall immediately and concu rrently with such ccnveyance become due and pay-
able and ~n default. The Association reserves the r~ght to withhold consent to any such conveyance
ar~~ assumption untii and unless satisfactory financial reports and other personal data required by the
~ Asscciatien are fu.?nished to the Associatbon by the party acquiring tit!e to the premises, or any part
~ therEOt. 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 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
~ otl~erwise act without d~scharging or in any way affecting the liability of the mortgagors hereunder
~ or upon the debt hereby secured. The Association may also deal w~th the Mortgagors and/or with
suc.cessors ~n interest with reference to this mortga~e and the debt hereby secured by forbeari~g 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, ~vithout losing any priority
the Asseciation has over other mortgagees or lienors or holders of any junior interest in the property
~ secured herebv.
Together with aii busldings, improvements, iixtures or appurtenances now or hereaiter erected there-
on or placed there,n, includin7 all apparatus, ec;~j~pment, fixtures or articles, whether in single un:ts or
centrally controlled, used to supply heat, gas, air conditioning, water, light, power, refri~eration, ventila-
tion or other services, and any other thing now or hereafter therein or thereon, including screens, windo~~
~ shades, storm ~oors and windows, floor covermgs, screen doors, awnings, stoves and water heaters
(all of which are ~ntended ~o be and are here5y dec lared to be a part of said reai estate wneiner pnysic-
ally attached thereto or nct); and also together with all eascments and the rents, issues and profits cf
s~:
~u said premises which are hereby pledged, assigned, transferred and set over unto ~he Mcrtgagee, whethe?
~r now due or hereaf;er te become ciue as provided in the Supplementa! A~reement secured hereby. The
Mortgagee is here5y subrogated to the rights of al) rnort ;a~es, I~enholders and owners paid off by pro-
.
ceed~ of the lear. hereby ~ec~red ~~09 r~~~ 158~7
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