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THIS ~tiiTR'.~MENT DREPAREO Bv /,Q ~
Clyde P. Platts
Secw~ty Fedc~a~ sa~:~sS a ~~s.X~ar«~ M O R T G A G E
o! Ind~~n Rrvz~ Cuunly
S~~th Avcnuc md T,tienty Fust Slreet
vo~o Sca:h, ib~~da 32960
Loan No. ~ _ 3 - -
THE UNDERSIGNED, _ - - - - -
_ WOOD, BEARD AND, ASSOC I ATES t_ A_FIOR I DA CORPORAT I ON
of FOrt_ _P i er~g County of_ _ St . Luc i e_ , State of Florida, hereinafter
refc rred to as the Mortgagor, does hereby mortgage and warrant to SECURITY FEDERAL SAVIf~GS AND
LOAN ASSOCIATION OF II~DIAN RIVER COUNTY, a corporation organized and existing under the ~
laws of ihe United ~tates ot America, hereinafter re f~rred to as the Mortgagee, the following ~eal estate
~ri the Count} of . St . Luc i e_______ the State of Florida, to wit:
Lot 14, Block 1, PARADISE PARK ADDITION, as per plat .
thereof on file in P1at Book 8, page 36, of the Public
Records of St. Lucie County, Florida
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rn STATE s~knn~ t
n-~~UMENTARY,~"~-~-~,____ - .
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~ If a conveyance shou~~l he 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
; la~v t-y the grantee of the obligations to the Association created by said promissory note and this mort-
~ gage, then, and in that event, and at the option of the Associati~n, and without notice, all sums of
money secured hereby shall immediately and concurrently with such conveyance become due and pay-
~ able and in default. The Association reserves the right to withhold consent to any such conveyante
ar~~+ assumption until and un!ess satisfactory financial reports and other personal data required by the
~ Association are furnished to the Associat:on by the party acquiring tit!e io the premises, or any part
~ thereof. By giving its consent to such conveyance, the Association shall not be deemed to have reteased
~ the m~rtgagor hereunder from any liability he~eunder. 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
ott~erwise act without discharging or in any way affect,ng 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 i~terest with reference to this mortgage and the debt hereby secured by forbearing to
sue, extendin; the time for payment of the debt, providing for different monthly payments and/or a
~t differeni interest rate, and by other express modificatior?s 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.
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Tcgether with all ou~ldings, improvements, fixtures or appurtenances now or hereaiter erected there-
~ on or placed therein, including all apparatus, equioment, fixtures or articles, ~~~hetf:er in sin~le units or
cent~ally controlled, used to supply heai, gas, air conditioning, water, light, power, refrigeration, ventila-
~ tion or other services, and any other thing now or hereafter therein or thereon, including screens, windoK~ T
~ shades, storm doors and window;, floor coverings, screen doors, awnings, stoves and water ~ieaters ~
~ (all of which are intended to be and are hereby dec lared to be a part of said real estate whether physic-
~ atly attached thereto or not); and also together with all easements and the rents, issues and profits af
~ said premises which are hereby pledged, assigned, transferred and set ove- unto rhe F~lcrtgagee, whethe?
now due or hereaf,er to become ciue as provided in the Supplementa! Agreement ser_ured heredy. The
- Morfgagee is here5y subrogated to the rights of all mort~ages, lienholders and owners paid off by pro-
- r ceec~s of the lean hereby secured ~
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