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TNIS thSTRUAtENT PREPAREO BY
C 1_yde P ~P 1~L~.-- - - • 'G~`5168a3
Securdy feder~l Ssvin~s 3 Loan Assouaho.,
o} ~^d,~.? R~~n ~«M~Y M O R T C A C E
S~xth Avt~we and Twenty f~nt 5lreet
Vero Beach. Flonda J2960 913
LoanNo.- -
THE UNDERSIGNED, - - -
- - E~_ 6RETT ~LPEPPER and ,lUDY_L~ ~.!lLPEPPER..__hL~_~Lfg--
of F21'~_~;~tsg.______ Cou~iyof~_ LuCte____ State of Ftorida, hereinafte~
refer~ed to as the Mortgagor, does he~eby mortgage and warrant to SECURiTY FEDERAL SAVINGS ANO
IOAN ASSOCIATION OF INDIAN RIVER COUNTY, a corporation organized and existing under the
(~ws of N~e Un~ted Sta~es of America, hereinafter re farred to as the Mortgagee, the following real estate
~n the Co~~nty of_ St. tuC ie in the State of Florida, to wit:
Lots Six (6) and Seven (7), Biock E, MARAVILi.A TERRACE, as per
plat thereof recorded in Plat Book 5, page 50 of the Public Records
of St. Lucie County, Florida.:-~
~ oF ~L RIDA ~
`P , pp ARY STAMP 1 A X r
iO~ ° DEP.I. .RE1f~1MlE ' ~ ~
` '3~501
~ ° = r,~x~a~» - ~ ,
- -
o ~ ~r~~:
~ ~ ~ IN PAYMENT ~ T~
R~ PfRS01lAL YPO'.'ERn~
p~ ON Cl1~SS I~At~61BLE
Tl•13~. AL~S Of 1y71. ~ ~
,v ~NT 70 ~ PORRAS
~ R ST. ~ ~
~ x q~c c~acu
If a conveyance shoulcl be made by the m~rtgagors of the premises herein described, or any part
thereot, wit!~out the written consent of the Association, and without assumption in ~egutar form of
law Fy the grantee of the obligations to the Association created by said promissory note and this morY-
gage, then, and in that event, and at the option of the Association, and without notice, all sums of
money secured hereby shall immediatety and concurrently weth sueh conveyance become due and pay-
able and in defaulr. The Association reserves the right to w;thhold consent to any such conveyance
and assumption until and unless satisfactory ~financial reports and other personal data required by the
Association are furnished to the Association by the party acquiring title to the premises, or any part
thereof. By 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-
terest 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 ~ime for payment ot the debt, secured hereby, or
otl;erwise act withaut discharging or in any way affecting the liability of the mortgagors hereunder
or upon the debt hereby secured. The Association may atso deal with the Mortgagors and/or with
successors in interest with reference to this mortgage and the debt hereby secured by forbearing to
suc, extendinb 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, without losing any priority
the Association has over other mortgagees or lienors ar holders of any junior interest in the property
secured hereby.
Together with all bu~ldings, improvements, fixtures or appurtenances now or hereafter erected there-
on or placed there~n, inctuding all apparatus, equipment, fixtures or articles, whether in single units or
centrally controlled, used to supply heat, gas, air conditioning, water, light, power, refrigeration, ventila-
tion or other services, and any other thing now or hereafter therein or thereon, including screens, window
shades, storm doors and windows, floor coverings, screen doors, awnings, stoves and water heaters
(all of which are ~ntended to be and are here5y declared to be a part of said real estate whether physic-
a!!y attached there~o or not); and also tagerher w;th all easements and the rents, issues and profits c~f
sai~ premises which are hereby pledged, assigned, transfe~red and set over unto rhe Mortgagee, whether
now due or hereai;er to become due as prov~ded 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 Icar: hereby secured k~~~
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