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THIS ~NSTRUti1ENT PREPAREO BY.
Clyde P. Platts . .
sK~?~ry Fee~~~ sa~i~ a ~oar~ ns~«~en~~ M O R T C A C E 255334
of Ind~an Rrver Countr
:;~cth Avawic and Twenty fuat Strcet
Vero Beach, Fiwida J2960
l.oan No._957------
THE UNDERSIGNED, _R~B_~ELT S~i_GRANT ~nd 6ARBARA M._C~RANT~_his wifg__________,.______.
of Fort_P ierce County of St ._Luc ie___~_ State of Fiorida, hereinafte~
referred to as the Mortgagor, dces hereby mortgage and warrant to SECURITY FEDERAL SAVINGS AND
LOAN ASSOCIATION OF INDIAN RIVER COUNTY, a corporation organized and existing under the
laws of the United ~tates of America, hereinafter ~efarred to as the Mortgagee, the following real estate
in the County of_ _~t ._1~Uc i e in the State of Florida, to wit:
The Northwest ~ of the Southwest ~ of the Northwest ~ of Section 12,
Township 35 South, Range 38 East, St. Lucie County, Florida; EXCEPT -
canal rights of way and that part used as road; and LESS the South 132 feet of
the West 330 feet. Containing 7.913 acres net. LESS and EXCEPTlNG from the
above the North 250 feet.~
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• / IN PIYYM~~~~RI't.
. ~~~VED 1IIiN~18lE ~
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If a conveyance should be made by the mortgagors of the premises herein described, or any part
there~t, wit4out the w?itten cansent of the Association, and without assumption in regular form of
law hy the grantee of the obligations to the Association created by said promisson% note and this mort- ,
' gage, then, and in thai event, and at the option of the Associa~ion, and without notice, all sums of
money secured hereby shall immediately and concurrently with such conveyance become due and pay-
I able and in default. The Association reserves the right to withhoid conseni to any such canveyance
and assumption until and unless satisfactory financial reports and other personal data required by ihe
Association are fumished to the Association by the party acquiring tille to the premises, or any part
thereof. By giving its consent to such conveyance, ti~e Association shall not be deemed to have released -
~ the morigagor hereunder from any liability hereunder. The Association may deal with successors in in-
~ terest with reference to this mortage and tAe d~[it hereby 'secut~ the same manne~ as with the
i mortgagors, and may forbear to sue or may extend time for payment of the debt, secured hereby, or
otF?erwise act without discharging or in any way affecting the liabitity of the mortgagors hereunder
! or upon the debt hereby secured. The Association may atso dea! with the Mortgagors and/or with
successors in interest with reference to this rnortgage and the debt hereby secured by forbearing to
sue, extending the time for payment of the debfi, providing for different monthly payments and/or a ,
different +nterest rate, and by other express modif;cations of the contract, without losing any priority
the Associat;on has over other mortgagees or lienors or holders of any junior interest in the property
secured hereby.
Together with all buildings, improvements, tixtures or appurtenances now or hereaiter erected there-
on or placed therein, ;ncluding 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-
i tion or other services, and any other thing now or hereafter therein or thereon, including screens, window
' shades, storm doors and windows, floor cover~ngs, sc~een doors, awnings, stoves and water heaters
' (all of which are intended to be and are here5y declared to be a part of said real estate whether physic- !
atly attached thereto or not); and also together with all easemenfs and the rents, issues and profi~s of - '
said premisns which are hereby p(edged, assigned, transferred and set over un~o ihe Mortgagee, whether €
; now due or hereaker to become oue as provided in the Supplemental Agreement secured hereby. The i
Mortgagee is hereby subrogated to the rights of a!I mortgages, lienholders and owners paid oft by pro-
ceeds of the loan hereby secured Q K a~~~
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