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THIS I~:STRt!\1ENT PREPARED BY
Clyde P. Platts 2i
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Secwity federa~ Savings d Laan Atsotisl~or. M O R T G A G E
p} ~fl~~Jfl RIY2f ~OU11~y
S~xfh Avenuc and Twenty first Stre.~f
Vero Beach. Florida 32960 Loan No.. >>~4. .
THE UNDERSIGNED, _ _ - - - -
_ ROBERT A. _ SCHRE I BER and__PHYLL I S_M. _ SCHRE I_BER_,_. Ft i_~ _ ~y i fe _
of _Ft P i erce County of S t. Luc i e_ , State of Florida, hereinafter
referred to as the Mortgagor, does hereby morigage and wa~rant to SECURITY FEDERAL SAVINGS AND
LOAN ASSOCIATION OF INDIAN RIVER COUNTY, a corporatio~ organized and existing under the
laws of the United States of America, hereinafter re ferred to as tFie Mortgagee, the following ~eal estate ;
?n the County of.____St.. Luc ie _ in the State of Florida, towit:
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Lot One (1}, Block Eighteen (18), LAKEWOOD PARK, Unit Three,
according to the plat thereof, as recorded in Plat Book 10, page 63 - ;
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and 64, Public Records of St. Lucie County, Florida. ? ~
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r N STATE ~F FLORfDA~ ;
~ ~ DOtUMENTARY~;
~.STAM P T A x 1 ~ ;
UEPT. OF RE~fENUE . • - - ~ '
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If a conveyance should be made by the mortgagors of the premises herein described, or any part ~
tF-~ereof, wit!~out the w~itten consent of the Association, and without assumption in regular form ot
law hy the grantee of the obligations to the Association created by said promissory note and this morY-
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- ?
abte and in default. The Association reserves the right to withhold consent to any such conveyance
and assumption until and unless satisfactory financial reports and other personal data required by the ~
Associatian are furnished to the Association by the party acquiring title to the premises, or any part #
thereof. By g~ving its consent to such conveyance, the Association shatl not be deemed to have released v
the mortgagor hereunder fram any liability hereunder_ The Association may deal with successors in in- ~
terest 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 ~
otF~erwise 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 reference to this mortgage and the debt hereby secured by forbearing to
sue, extendinb the tirne for payment of the debt, providing for different monthly payments and/or a ~
difFerent interest rate, and by other express modifications of the contract, withoui losing any priority k
the Association has over other mortgagees or lienors or holders of any junior interest in the property
secured hereby. .
Together with all buildings, improvements, fixtures or appu~tenances now or hereaiter e~ected there-
on or placed therein, includin~ af) apparatus, equipment, fixtures or articles, whetlier in single units or
centrally controlled, used to supply heat, gas, air conditio~ing, water, light, power, refrigeration, ventila-
tion or other services, and any other thing now or hereafter therein or thereon, including screens, windovv
shades, storm doors and windovrs, floor coverings, screen doors, awnings, stoves and water heaters
(all of which are intended to be and are he~eby declared to be a part of said real estate whether physic-
ally attached thereto or not); and also together ~vv~ith all easements and. the rents, issues and profits of
said premises wh~ch are hereby pledged, assigned, transferred andset~over unto the Mortgagee, whether s
now due or hereafier to become due as provided in the Supplementa! Agreement secured hereby. The ~
Mortgagee is hereby subrogated to the rights of all mortgages, lienholders and owners paid off by pro- ~
ceeds of the lean hereby secure~ ~
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