HomeMy WebLinkAbout1430 2'~1843 ,
THIS ~tiSTR!:A!EN? PREPAREO BY
----C_L~cde. P. Plaits- - .
Secw~ty Federa~ Saviry~s d L~an Aesoc~at~o.. M Q R,r G a G~
of ind~an R~vrr County .
Sirih Av~nue and Twenty first Street
Vero Beach. Flulda 32960
loan No.~~93 - _
THE UNDERSIGNED, - -
- --MARTIN_C_._ HE~'1~4~~nd MA~~A S~.HERt+~QN, _hi~_M1if~- - - - -
of V_er._Q @~~~h_ Countyof`JadL~n RCv~r._,_-, State of Flo~ida, hereinafter
referred to as the Mortgagor, does hereby mortgage and ~varrant to SECURITY FEDERAL SAVINGS AND
IOAN ASSJCIATION OF INDIAN RIVER COUNTY, a corporation organized and existi~g under the ~
laws of the United ~tates of America, hereinafter re f?rred to as the Mortgagee, the~ following ~eal estate ~
~n the County of. _ I nd i an R i ve r__ _~n the State of Florida, to wit:
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Lots Ten (10) and Eleven (11), Block 6 SILVER L'AKE_ j
PARK ADDITION, according to the plat thereof filed in ~
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Plat Book 10, page 8, Public Records of St. Lucie County ~
Florida. , ~
s~ ~ STATE ~F ~~..-ORIDA ~
~ DOCUMENTAR~ ~_SYA~aX ~
°c~ DE?T.OF REVENUE~` ~~~'t i
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If a conveyance shoutd be made by the m~rtgagvrs of the premises herein described, or any part
thereot, 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 note and this mori-
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 conveyance become due and pay-
able and in default. The Association reserves the right to withhold conseni to any such conveyance
and assumption until and unless satisfactory financial reports and other personal data required by the
Association are furnished to the Association by the party acquiring title to th'e premises, or any part
thereof. By giving its consent to such conveyance, the Association shall noi be deemed to have released
the mortgagor 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 i~ the same manner as with the f
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 liability of the mortga~ors 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 forbearing to
sue, extendin~ the time for payment of the debt, providing for different monrhly payments and/or a
difFerent interest rate, and by other express modifications of the conlract, without losing any prioriry
the Association has over other mortgagees or lieno~s or holders of any junior interest in the property
secured hereby. , s
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Together with ait buildings, improvemen~s, fixtures or app~rtenances now o~ hereafter erected there- ;
on or placed therein, including all apparatus, equipment, fi~ures or articles, whether in single units or `
centrafl controlled used to su ! heat as air conditioni water, li ht wer refri eration ventila- ~
Y , PP Y . S , g, Po , g ,
tion or other servfces, and any other thing now or hereafter,therein or thereon, including sc~eens, window a
shades, storm doors and windows, floor coverings, scree~ d~ors~ a~vnir~gs,~
ves and water heaters ~
(all of which are intended to be and are here5y dec lared to be a part of said r-eaT estate whether physic- ~
ally attached thereto or not); and atso together with all easements and the rents, issues and profits of
said premises which are hereby pledged, assigned, iransferred and set over unto ihe Mortgagee, whett,er
now dise pr hereaf;er ta become due as provided in the Supplemental Agreemen~ secured hereby. The
Mortga~ee,}s~i~b~~ subrogated to the rights of all mortgages, lienholders and owners paid otf by pro-
ceeds of the lcar: hereby secured a~R~2~2 P;~E2429
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