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THIS iNSTRUMENT PREVAREO 8Y
CI de P. Piatts ~
Secu~tYy fednal Sav;nss a Loan wssac~ahon r : 1;;r~~"I~
o+ ~~w.~? a~„~. c««,~,~r M O R T C A G E
Sixth Averwe ~nd TwtnN F~~st Streef
Vero Beach. Flonda 32960
" Loan No.--- 937
THE UNDERSIGNED, _ _ _
RONALD R. ALBERTS and SANDRA R. ALBERTS, his wife
of _ Ft.. _ P i erce Counry of St . Luc i e__ , State of Florida, he~einafter
referred to as the Mortgagor, does hereby mortgage and warrani to SECURITY FEDERAL $AVINGS AND
LOAN ASSOCIATION pF INDIAN RIVER COUNTY, a corporation organized and existing under the
laws of the United States of America, hereinafter referred to as the Mortgagee, the following ~eal estate
the County of__ 3S~ _ s i e _ in the State of Florida, to wit:
~~t ~ S' a'1.t' .
lot 9, Block lOb, LAKEMIOOD PARK SUBDIVISlON,,t1nLi 9, per Plat
Book 11, Page 27-A, Public Records of St.•LuGie County, Florida.'~
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~jyfp IN PA1fMENT OF 7AX~' ~
DUE ON ClJ1SS'C INTAN6(BLE PERSONAL PNOPERiY,
p~RSIMMIT TO ptJIP7fR 71-134, ACTS OF 1971.
NOGER POITRAS
CLERK GRGIR OOUftf. ST. WCIf 1~0. FfA _
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If a conveyance should be made by the mortgagors of the premises herein described, or any part
there~f, wit!~out the written conseni of the Association, and without assumption in regular form of
law t-y the grantee of the obligations to the Association created by seid 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-
ii able and in default. The Association reserves the right to withhold consent to any such conveyance ~
j 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 ihe 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-
f terest with reference to this mortage and the debt hereby secured in the same manner as with the
~ rnortgagors, and may forbear to sue or may extend time for payment of the debt, secured hereby, or
ot~~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 ,
, successors in interest with reference to this mortgage and the debt he~eby secured by forbearing to ~
sue, extending the time for payment of the debt, providing for different monthly paymen~s 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 or holders of any junior interest in the property
secured hereby.
Together with ail buitdings, improvements, fixtures or appurtenances now or hereaiter erected there-
on or placed therein, including all apparatus, equipment, fixtures or articles, whether in single units or
centratly 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 intended to be and are here5y dlec lared 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 the Mortgagee, whether
now due o~ hereaf;er to become ciue as p~ovided in the Supplemental Ag~eement secured hereby. The
Mortgagee is hereby subrogated to the right~ of all mortgages, tienholders and owners paid off by pro-
ceeds of the Ioan hereby secur~d . dOCK 213 PAGE ~~~o
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