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S~tlh I1ven;~c 0nd YHanty inet ~hcct
V~~ro Fca:h Flor~da J296? Loan No. 112G
THE UNDERSIGNED, _ _ _
, _ EDILBERTO MORALES and MARY ANN MORALES} his wife
of Ft . P i erce , County of_ S t. Luc i e _ State of Florida, hereinafter
-efcrred to as the Mortgagor, does hereby rr~origage 3nd ~varrant to SECURtTY FEDERAL SAVIf~GS AND
LOAN ASSOCIATION OF It~;DlAN F:iVER COUNTY, a corporation organized and existing under the .
!aws of the Un~ted ~tates uf America, hereinafter re f>rred to as the Mortgagee, the follo~v;ng real estate
the Countti of St. Lucie ;n the State of Fiorida, towit:
Lot Twenty-seven (27), Block 143, LAKEWOOD PARK UNIT 11,
St. Lucie County, Florida as per plat on file in Plat Book 11,
pages 32A, 32B, 32C, 320 of the Public Records of St. lucie
County, Florida. •
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If a conveyance sho~.,lrl he made by the m~rtgagors of the premises herein described, or any part
tF,ereof, w~t~out th~ w-ri!ten consent of the Association, and without assumption in regular form of
!aw 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 shaii immediately and concurren~ly vvith suth conveyance become due and pay-
abie and ~n default. The Assoc+ation reserves the r;~ht to withhofd cansent to any such conveyance
ar~d assumprion unt~l and unless satisfactory financ~al reports and other oersenal data required by the
Assoc~aticn are furnished to the Association by the party acquirin~ tit!e to the premises, or any part
thereot. Bv ~~vin~ its ccnsent to such cenveyance, the Association shall not be deemed to have released
tk~e mertgagor he~eunder from any liability hereunder. The Association may deal with successors in in-
terest ~n-ith reference to this mortage and the debt hereby secured in the same manner as with the
mortga~ars, and may forbear to sue or may extend time for payment of the debt, secured hereby, or
otf,erw~se act without discharging or in any way affeciin~ the liability of the mortgagors hereunder
ar upon the debt hereby secured. The Association may also deal with the Mortgagors and/or with
successors ~n interest with reference io 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
different interest rate, and by other express modif~cations of the•tontract, without losing any priority
the Association has over other mortgagees or lienors or holders of any junior interest in the property
secured hereby.
Tegether with ail bu~idings, improvements, fixtures or appurtenances now or hereairer erected there-
on or placed therein, includin~ all apparatus, ee,uipment, fixtures or articles, ~vhet!ier in sin~le units or
centraliy controlled, used to supply heat, gas, air conditioning, water, ~ight, 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 Lvater heaters
(all of which are intended to be and are here~y deciared to be a part ot said real~estate wheiher physic-
aiiy attached thereto ar not); and aJso toiether with al! eascmer~ts and the rents, issues and profits of
said p~emises which are hereby~ pledsed, assigned, transferred and set over unto ?he Mcrtgagee, whether
now due or hereaf;er to become uue as provided ~n the Supplemental Agreement secured hereoy. The
Mort ;agee ~s hereb~ subrogated to the rights of all mort~aGes, I~enholders and owners paid off by pro-
ceeds ;~f the !~a~: ,~ereby secured -',-1 224 PA~E~e7~0
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