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- THIS ~tiSTRL~~fEVT PREPARED BY
_ ~Xde P ~ls'~_~~.~_-- - _ _ _ d~
s~~.~~Y F~~~~ Ssvings 6 loan Assoc~at~~r M O R T G A G E
of Ind~an R~vrr CuuntY
S~rtH Avenue and Twcnfy Firsf Street
YCtO BPMh. FiOr~d].3~bO Loan Na ~87 . . _ _
THE UNDERSIGNED, _ - - - - - - - - - - _
_TROY _ J_._ FREE_MAN_and _CONN 1_E _ G. _FREEMAN, hi s_wi fe _
of _ Fort Pierce _,Countyof St. Lucie , State of Florida, hereinafte~
referred to as the Mortgagor, does hereby mortgage and warrant to SECURITY FEDERAL SAVINGS AND
LOAN ASS~JCIATION OF IND:AN RIVER COUNTY, a corporation organized and existing unde~ the
laws of the United ~tates of America, hereinafter ~e f?rred to as the Mortgagee, the following rcal estate
~n the County of S t. Luc i e__. _~n the State of Florida, to wit:
Lot Fourteen (14), Block 55, LAKEWOOD PARK, UNIT N0. 5,
as per plat thereof recorded in Plat Book 11, page 5 of the
Public Reco~ds of St. Lucie County, Florida. ?
~ ~
~ STATE oF. FL..ORil~A 1
~Z ~ DOCUMFNTARY S1Al~P TA?_ ~ ~
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vEPT. pi REYENUE ~
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~ 1N PAYMEN~~
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. ~ ; ~ ,C MRAM~
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' ~ p~~ANT SO ~ p~S1Rl~~lE CO•. flA
; . _ • ~ ~RqlIT COUR7,
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~ If a conveyance shoul~l be made by the m~rtgagors of the premises herein described, or any part
~ thereof, wit!~out the written consent of the Association, and without assumption in regular form of
~ law Fy the grantee of the obligations to the Association created by said promissory nots 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 canveyance become due and pay-
~ able and in default_ The Association reserves the right to withhold consent to any such conveyance
~ and assumpf~on until and unless satisfactory financial reports and other personal data required by the
Associaticn are furnished to the Associat;on 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 mort~agor 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
mortgagors, and may forbear to sue or may extend time for payment of the debt, secured hereby, or
~ otherwise 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 ~n interest with reference to this mortgage and the debt hereby secured by forbearing to
~ suc, extendin~; 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 Associa~ion has over other mortgagees or lie~o~s or holders of any junior interest in the property
secured hereby.
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~ .o~~o,~ tt,o.o_
~ logetherwith aii ouiiaings, improvemenis, IIRIUfC~(Jt d~lNuPlCi~ai~i.c~ i~C•w vi ~ra.iCu~ ..i C.
~ on or placed therein, including all apparatus, eq~~ipment, fixtures or articles, whether in single units or
e~ cent~ally controlled, used to supply heat, gas, air conditioning, water, light, pawer, refrigeration, ventila-
r~ 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 declared to be a part of said reai estate whether physic-
alfy attached thereto or nct); and also together with all easements and the rents, issues and profits of
~ said premises which ar~' hereby pledged, assigned, transferred and set over unto ihe Merfgagee, whether
now due or hereaf;er'to be~ome due as provided in the Supplemental Agreement secured hereby. The
~ Mo~tgagee is hereby subrogated to the rights of all mortgages, lienholders and owners paid oft by pro-
~
~ ceeds of the !e3rz hereby secur~~+
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