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THIS INSTRUAtENT PREPARED BY. ~
Clyde P. Platts
$ecw~ty federa~ Savin~s d~ loan Assoc~afeor+ M O R T G A C E
of In~~an Rwe~ County
S~xih Avertut and Twenfy iirsf Street
Vcro Besch, Flwida 32960
loan No.. . 0$7 -
THE UNDERSIGNED,
LAMAR _OONAL0~4N ancL~CARRIE_IIDNALaSON_._~_ h i s_ wi f e - ~
of _ Ft .__P i erce County of St ._luc i e ~ State of Florida, hereinafter
referred to as the Mortgagor, does 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 refe?red to as the Mortgagee, the following real estate
~n the County of. S. t,_ luc i e in the State af Florida, to wii:
The East 41.0 feet of Lot Eighteen (18), and the West 5 feet of
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Lot Nineteen (19), Block 2, SUNRISE PARK, N0. ONE, according to the =
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plat thereof, as recorded jn Plat Book 8, page 42, of the Public ~
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Records of St. Lucie Cou~ty, Florida.? ,
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If a conveyance should be made by the mnrtgagors of the premises herein dexribed, or any part
thereof, wit!~out thp written consent of the Association, and without assumption in regular fiorm of ~
taw Fy the grantee of the obligat+ons to the Associaiion created by sa;d 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 suth conveyance become due and pay- ~
able and in default. The Association reserves the right to withhold consent to any such conveyance €
ahd ~assumption until and unless satisfactory financial reports and other personaf data required by the ~
Associaticn are furnished to the Association by the party atquiring titte to the premises, or any part ~
,~greof. 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 sutcessors in in-
„ifer~t~i~y ref~je~ 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
otFierwise 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 refe~ence to this mortgage and the debt hereby secured by forbearing to
sue, extending the time for payment of the debt, providing for different monthty payments and/or a
difFerent interest rate, and by other express modifications of the con~ract, without losing any priority
the Association has over other mortgagees ar lienors or holders of any junior interest in *he property
secured hereby.
Together with all buildings, improvements, fixtures or appu~tenances now o~ hereaiter erected there-
on or ptaced therein, inctuding all apparatus, equipment, fixtures or articles, whether in single unirs or
centrally controtled, 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, window
shades, storm doors and windows, floor coverings, screen doors, awnings, stoves and water heaters
(all of which are cntended to be and are here5y dec 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, trancferred and set ovFr unto the Mortgagee, whether ~
now due o~ hereafter to betome due as provided ~n the Supplemental Agreement ser_~,red heret~y. The ~
Mortgagee is hereby subrogated to the rights of all mort~ages, (ienholders and owners paid off by pro-
ceeds of the loan hereby secured.
dLGK P„~E ~~i7
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