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HomeMy WebLinkAbout1551 2~~8~9 ~ THIS i\STR'_'.~SENT PREPAR:O BY Clyde P. Platts Suppiemental to loan ~'235 Saunty iede.s~ Sav;~s a loan wssoaanor M 0 R T C A Cr E of IeW,an R~vav C•~unty S~xth A~enuc and Twrner F~ne Strccr vcro 8esch. fluda 32960 86b Loa~No.--- THE UNDERSIGNED, - - - - - _ SERN 1 E THAHES and ALEXANDR I A THAMES, _h i s_ w i f e_-_-_--_- of Fort _Pierce___ Counryof St._ Lucie , State of Florida, hereinafter ! . referred tu as the Ivtortgagor, dces hereby mortgage ~~d ~yarrant to SECURITY FEDERAL SAVINGS AND LOAN ASSJCIATION nr INDIAN RIVER COUNTY, a corporation organized and existing under the laws ot rne Un~ted ~tates cf America, hereinafter re farred to as the Mortgagee, ihe followi~g ~eal estate ~n .*he Counh~ of _St. LuG ie __~n the State of Flc~rida, to wit: Lot Twenty-three (23) and the North One-Half (N}) of Lot Tv~enty-two -(22) - of 61ock $ of the SILVER LAKE PARK AODtT10N as per plat thereof on file in Plat Book 10 at Page 8 of the Publtc Records of Saint Lucie County, Florida. This )s a,second mortgage and is subject and inferior ta that certain mortgage made by Bernie Thames and Aiexandria Thames, his wife, in favor of Security Federal Savings and loan Association of Indian River County, dated April 22, 1971 and recorded in Official Record Book 191, page 2864, Public Records of St. Lucie County, Florida. Any default in said first mortgage shall automaticatly constitute a clefau 1 t under th i s mo~tgage A'i'F~ o~ F QR r DA ~ ~ u, ~,n~a~r o~ nu~s - o~ Dt~CUMFN ARY TA M P i A X ~ ~ ~ ~ ~ DEli_ Of Rf~EMtlf . M~ OII ClASS "C INTAt1fi18LF Pfit9DNAl PROPERIY. ~ ae " - # TO GiA.PTER 11-13i. 71CTS Of 19I1. ~ t ~~_~~~-r» ~ ~ 6. ~ 0~ Roc~ Pomus ~ _ ~ ~ II~Q2 ~~w~ ' ~ ~~i ~ S~. ~r~E ~ tf a conveyan~e shoul~l be made by ihe mortgagors of the premises herein described, or any part thereof, wit!~out th~ wriiten conseni of the Association, and ~vithout assumpt:on in regular form of law t~y the grantee of the obligations to the Association create.~ by said promissory note and this mort- gage, then, and in tnat event, and at the option of the Association, and witnout notice, all sums of mcxiey secured hereby shall immediately and concurrently with such conveyance become due and pay- , able and in default. The Assotiation reserves ihe right to withhold consent to any such conveyance ar~~+ assumption until and un~ess sat+sfactory financial reports and other personat data required by ihe Association are furnished to the Associat;on by the party acquiring title fo the premises, c,r any part therec,t_ By giving its consent to such conveyance, the Asso=iation shall not be deemed to have released ' the r~ertgagor hereunder trom any liab~lity hereunder. The Association may deal with successars i~ in- terast with reference to this mortage and the debt hereby secured in the same ma: ~ner as with the mortgagors, and may forbear to sue or may extend time for payment of the debt, secured hereby, or ott~erwise act without discharging or in any way affecting the liability ef the mortgagors hereunder or upon the debt hereby secured. The Association may also deal with the Mortgagors and/or with - successors in interest with referehce to tF~is mortgage and the debt hereby secured by forbearing to sue, extendin ; the time for payment of the debt, provio~ng for different monthly payments and/or a different interest rate, and by othe~ express modifications of the contract, without losing any priority tne Association has over other mortgagees or lienors or holders of any junior interest in the property secured hereby. Together with aii ouildings, improvements, tixtures or ap~urtenances now or hereaiter erected ihere- on or placed therein, inclu~in~ a!!-apparatus, eG~~ioment, fixtures or articles, whetl~er in single units of centrally controlled, used to supply I~eat, gas, air conditioning, water, light, pvwer, sefrigeration, ventila- tion or other services, and any other thing now or hereafter therein or thereon, including screens, windov~- shades, storm cioors ana winciow;, floor coverings, screen doors, awnings, stoves and v~ater heaters (all of which are intended •o be and are hereby dec lared to be a part of said real es~ate whether physic- ally attacF?e~ thereto or not); and also together with all easements and the rents, issues and profi±s af said premises which are hereby pledged, assign~d, transferred and set over unto rhe Mcrigagee, whether now due or hereaf;er te become ciue as provided in the Supptemental Agreement se~ured hereby. The Mortgagee is hereby s~brogated to the rights of all mortgages, lienholde?s and owners paid off by pro- ceeds of the !~ar: ??ereby secur~d O~R 1~~9 °~~K PAC~ ~ ~ Y ' _ .T - - ' _ . _ _ . . b ' R"',2.` r, 'k~ ~~~;d. T ' - ~ ~ _ a ,f# . . L 4:'~.. . -wL..-N",.a.. ~c?~