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Secw~fy Federa~ Ssvi~s 8 Loan /~ssoaahen M O R T G A C E
af Ind~an R~wr County
S~xth Avenue and Twcnty First Street
Vero 8esch, Flpida 32960 ' ~ 033
Loan No.- - - -
THE UNDERSIGNED,.._____________-_ -
_ ____RALPH L._GRINER and AVANELL GRINERz_his_wife ~
of Fort Pierce __._~~_.,Countyof St._Lucie State of Florida, hereinafter ~
referred to as the Mortgagar, does he~eby mortgage and warra~t to SECURITY FEDERAL SAVlNGS AND ~
LOAN ASSJCIATION OF INDIAN RIVER COUNTY, a corporation organized and exisiing under the . ~
laws of the United ~tates of America, hereinafter ~e f?rred to as the Mortgagee, the following real estate 1
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+n the Couniy of_ St._ Lucie - in the State of Florida, to wit: _
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East one-half of Lot Three (3) and all of Lot Four {4), ~
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81ock 29, BtLTMORE PARK, a subdivision according to the plat thereof ~
recorded in Plat Book 4, page 52 of the Public Records of St. Lucie
County, Florida. ~ ~
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If a conveyance should be made by the mnrtgagors of the premises herein described, or any part
thereof, wit!~out ths w~itten consent of the Association, and without assumption in ~egular forrn of s
law t~~ the grantee of the obligations to the Association created by said promissory note and this morc- ~
i gage, then, and in that event, and at the option of the Association, and without notice, al) sums of ~
' money secured hereby shal( immediately and conwrrently with such conveyance become due and pay- ~
'E able and in defauit. The Association reserves the righi to withhold consent to any such conveyance ~
and assumption until and unless satisfactory tinancial reports and othe~ personal data required by ihe i
` Association ate furnished to the Association by the party acquiring title to the premises, or any part
i thereof. By giving its consent to such conveyance, the Association shall not be deemed to have released
E the mortgagor hereurder from any liability hereunder. The Association may deal with successors in in-
~ terest with refgre~ice to this mortage and the debt hereby secured in the same manner as- with thq.
i mortgagors, and may forbear to sue or may extend time for payment of the debt, secured hereby, or ~
~ otherwise act without discharging~r in aqy way affecting the liability ot ihe 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 hereby secured by forbear+ng to
sue, extendinb the time for payment of the debt, providing for different monthly payments and/or a
different interest rate, and by other express modifications ot the contract, without losing any priority
; the Association has over other mortgagees or lienors or holders ot any junior interest in the property s
secured hereby. ~
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Together with all buildings, improvements, fixtures or appurtenances now or he~eafter erected there- t
on or placed therein, including all apparatus, equipment, fixtures or articles, whether in single units or 4
= centrall controlled used to su I heat as air conditionin water li hi wer refri eration ventila- ~
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= tion or other services, and any other thing now or hereafter therein or thereon, including screens, w+ndow ~
` shades, storm doors and windows, floor coverings, screen doors, awnings, stoves and water heaters
z (all of which are inter.ded to be and are here5y declared to be a part of said real esiate 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, whethe~
g now due or hereafrer to become ciue as provided in the Supplemental Agreement secured he~eby. The ~
Mortgagee is hereby subrogated ta the rights of atl mortgages, lienholders and owners paid off by pro- {
? ceeds of the loan hereby secured. 0 R~~ t j
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