HomeMy WebLinkAbout2762 - 2~4~5~ ~
THIi tr.STR'~~tENT PREPAfiEU B~
~~,de P. _Platts__
' $ecwity Ftderat Sav:ngs 3 loan Assoc~af~or M O R T G A C E {
of Ind~an Rrvrr CouMy
S~xth Avcnue and Twenty Fusf St~ect ~
Vcro Bcach. Fio~~da 32960 2
Loan Na - _
THE UNDERSIGNED, - - - - - - - - - - - - -
REICNART_CORP.~a Florida corporation_ _
of Ft, _ P i erce_ County of- St._ Luc i e___ State of Florida, hereinafter
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referred to as the Mortgagor, does hereby mortgage and warrant to SECURITY FEDERAL SAVII~!GS AND
LOAN ASSOCIATION OF INDIAN RIVER COUNTY, a corporation organized and existing under the
laws of the United ~tates of America, hereinafter re f~rred to as the Mortgagee, the following real estate
~n the Counh• of _.St,_Lucie ~n the State of Florida, towit:
less the East 5 feet . .
Lot Fifteen (15)~y Block Five (5), LAKEWOOD PARK, Unit 8-A, according i
to the plat thereof, as recorded in Plat Book 11, page 47, of the
Public Records of St..Lucie County, Florida.~~
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RECfIVED ~.-`S~ -~~IN PAYMENT Of T~ i
OIIE ON CL/1S3'C_INTANG18lE PERSOtL1L PROPERiY.
pORSUANY TO 71-13+1. ACTS OF 19/l. ~-~CC~ .
IiD6ER P01?RAS 0
CIERK C1RqlIT OOURT, ST. L11CIE W, t7A.
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~ If a conveyance shoulcl be made by the m~rtgagors of the premises herein described, or any part
~ thereof, wit`,out th~ written consent of the Association, and without assumption in regular form of
~ law t~~ 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 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 resenres the right to withhold consent to any such conveyance
~ anc~ assumption until and unless satisfactory financial repor!s and other personal data required by the
~ Assac~aticn are furnished to the Associat:on by the party acquiring tit!e to the premises, or any part
~ thereof. By g~ving its consent to such conveyance, t he ~Association shall not be deemed to 'r?ave released -
~ the mortgagor hereunder from any liability hereunder. The Association may deal with successors in in-
ter~st with r~ference to this mortage and the debi hereby secured in the same manner as with the
= mortgagors, and may forbear to sue or may extend time for payment of tl~e debt, secured hereby, or
`f otF~erwi;e act without discharging or in any way affecting the liability of the mortgagors hereunder
- or upon the debt hereby secured. The Association may also dea! w~th the Mortgagors and/or with
s~ccessors i~ 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 d'+fferent monthly payments and/or a
difFerent interest rate, and by other express modif~cations of the cc~ntract, without iosing any priority
~ the Assoc~ation Fias over other mortgagees or lienors or holders of any junior interest in the property _
secured hereby. 1
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~ Tegether with af1 ou~ld~ngs, improvements, fixtures or appurtenances now or herearter erected there- '
~Y on or placed therein, including all apparatus, equipment, fixtures or articles, wheYher in sin~le units o~
w, cenfrally controlled, used to supply heat, 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 .
a
;y>"' shades, storm doors and windows, floor coverin~s, screen doors, awnings, stoves and water heaters
(all of which are intended so be and are here5y dec lared to be a part of sa~d real estate whether physic-
Fr ally attached theretc or not); and also togerher with all easements and the rents, issues and protits of
- said premises which are hereby pledged, assigned; transferred and set over unto ~he Mcrtgagee, whether
now due or hereaf;er tc become ciue as provided in the Supplemental Agreement secured hereby. The ,
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Mortgagee is here5y subrogated to the rights of all mortgages, lienholders and owners paid off by pro-
_ ceeds et the !ean hereby secured. : r ~ 2~.j F~*_F? [f~~