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7?iii t\STR~A:ENT PREPARfO 8Y:
Glyde P. Ptatts -
$etu~t~ iedtral Sav~"~ a M 4 R T G A G E
ot tna,an R~. Y CouMr
S~ath AvM~~t and Twtnty fust Ytreet
vczo Bexh, f~a~da 32960
Loan No..86$ _ . _ _ - -
THE~ I~NDERSIGNED, - - - - - -
W000, 6EARD ANO AS50CIATES, INC. A FLORIDA CORPORATION ~
~f Fort P i erce Counry of _St . Luc i e___ State of Ftorida, herein.:fte~
~efer~ed to as the Mortgager, does hereby morigage ~nd ~varrant to SECURiTY FEDERAL SAVINGS AND
LOAN ASSJCIATION OF If~lDIAN 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
St. Lucie
~n the County of in the State of Florida, to wit:
Lot Eleven (11), Block Two (2), ORANGE BLOSSOM ESTATES,
a Subdivision, recorded i~ Plat 8ook ll_~.paqe 6; af the
Pu61ic Recorcls of St. Lucie County, Florida ~
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AIYt NtARY~ ~
P D A~
, 3 3 ~ ~M. of RE~~ •
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If a conveyance should be made by the m~rtgagors of the premises herein described, or any part
thereof, v`it~,out the written conser~t of the Association, and withou~ assumption in regular form of
law t-y the grantee a.` 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 hereby shall immediately and concurrently with such conveyance become due and pay-
able and in default. The Association reserves the righ; to withhold consent to any such conveyance
and assumption until arsd unless satisfactory financial reports and other personal data requireci by the
Associatian are fu~nished to the Association by the party acquiring title to the premises, or any part
thereof. 8y giving its consent to such conveyance, the Association shall not be deemed to have released
the mortgagor 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
mortgagor~, aRd may farbear to sue or may extend time for payment of the debt, secured hereby, or
otl~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 dea! with the Mortgagors and/or with
~ successors in interest wish reference to this mortgage and the debt hereby secured ~y forbearing to
~ sue, extendin~ the time for payrnent of the debt, providing for different monthly payments a~id/or a
~
~ different interest rat~, and by other express modifications of the contract, without losing any priority
~ the Association has over other mortgagees or lienors or holders of any j~nior interest in the property
~ secured hereby. y .
~ Together with all buildings, improvements, fixtures or appurtenances now or hereaiter erected there-
~ on or placed there+n, induding all apparatus, eGuipment, fixtures or articles, whether in single units or
~ centrally controlled, used to supply heat, gas, air condiiioning, water, light, power, refrigeration, ventila-
~ tion or other services, and any other thing now or hereafter therein or thereon, including screens, windov+,~
~ shades, storm doors and windows, floor coverings, screen doors, awnings, stoves and water heaters
(alt 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 together 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 ciue as provided in the Supplemental Agreement secured heredy. The
Mc~rtgagee is hereby subrogated to the rights of all mortgages, lienholders and owners paid off by pro-
~ ceeds of the !car: hereby secured U R
~ ~u~~i 2~~ f:4~t 1420 _
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