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HomeMy WebLinkAbout0143 W ~sa ~1 ~ THIS INSTRUMENT PitEPARE~ BY: Clyde P. Platts _ Secyrdy Fsderal Savin~s 8 loan Assoaafion M O R T C A G E ot Irld~an Rrvrr CouMY Sixth Avenue and Twenty fint Street Vero Bexh. Flaida 32960 ~pan NO.- - ~ THE UNDERSIGNED.--------------- _ RONALD R. ALBERTS and SANDRA R. ALBERTS, _his wife__ ot ` _ F t~ P rce County of S t. Luc i e_ _ State of Florida, here+nafter referred to as the Mortgagor, does hereby mortgage and warrant to SECURITY FEDERAI SAVINGS AND LOAN ASS~JCIATION OF INDIAN RIVER COUNTY, a corporation organized and existing under the laws of the United $tates of America, hereinafter re farred to as the Mortgagee, the following real estate ~n the County of._~_St. Lucie in the State of Florida, to wit: Lot Eight (8), Block 90 IAKEW00D PARK UNIT /8, according to the plat thereof recorded i~ Plat Book-11, page 19 of the Public Records of St. Lucie County, Florida. ? • ~ ~ ~ ~1N PAYMEltT OF TAXES IIRAN616LE PEi~~ PROPERIY~ w~itcs~ To cww~R n-i~. ~s oF ~~i. R06ER POITM.S C1.ERK CtRd~IT OOURT. Si. UlCIE C0, ~ ao p.~, STATE aF FLORIDA i~ N DOCUMENTARY .,.~,,~,SZqMP Tn~. ~ - OEPT. OF REVEr1UE . N = Pa = +ur-r~4 ~ . ~ 3 S l 5 ~ I o - t~~o2~ - 1 ( 7 S I~ 4 ~ ~ If a conveyance should be made by the mortgagors of the premises he~ein described, or any part thereof, without the written consent of the Association, and without assumption in regular form of law hy 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 withou[ notice, all sums of money secured he~eby shall immediately and concu rrently with such conveyance become due and pay- able 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 Association are furnished to the Association by the party acquiring title to the premises, or any part thereof. 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 successors in in- terest with reference to this moriage 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 liabiliry 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 sve, extending the time for payment ot the debt, providing for differeni monthly payments and/or a difFerent interest rate, and by other express modifications of the contract, without losing any prioriry ~ the Association has over ~ther mortgagees or lienors or holders of any junior interest in the property ~ ~ secured hereby. ~ Together with all buildings, improvements, fixtures or appurtenances now or hereafter erected there- ~ on or pfaced therein, including all apparatus, equipment, fixtures or articles, whether in single units or cenirally controlled, 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 cove~ings; sc~een doors, awnings, stoves and water heaters ~ (all of which are intended to be and are here5y ~eclared to~e a.part~ ~f~ said real estate whether physic- ~ ally attached thereto or not); and also togethe~ witli aH~a mc~ntsTi~lti the rents, issues and profits of said-pr~rr~ises which are hereby pledged, assigned, transferred and set over unto ihe Mortgagee, whether now~d~e-or hereaf~ stc~l';become ciue as provided in.thie Supplemental Agreement secured hereby. The Mortgagee is hereby subrogated to the ~ights of all mortgages, lienholders and owners paid off by pro- ceeds af the lea~z hereby secured - - - - - - - - - ; ~ , - - r .~K~'`- _ ~ _ .