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THIS INSTRUAIENT PREOARED BY: S~~
Clvde P_ Platts ~ '
s«ur~~r Fed~.a s+wr~s a ~oa~, Assocu~~«~ M O R T C A G E \
of Ind~an R1vaY Counfy
Siath Avenue and Twenfy Fmf Street
Vero Beach, Flwida 32960
loan No._ - > ~
THE UNDERSIGNED,---
EDWARD S. BOULAY and ELIZABETH W. _ BOULAY~,_his_wife__
of ____..For~~g.[~ce__~__,, Countyof~.L.1.u~.Ie_-__. State of Florida, hereinafter
referred to as the Mon~agor, does hereby mo~tgage and warrant to SECURITY FEDERAL SAVINGS AND
LOAN ASSOCIATION OF INDIAN RIVER COUNTY, a corporation organized and existing under the
laws of the United States of America, he~einafter referred to as the Mortgagee, the following ~eal estate
~n the County of_~._ _~i~c te in the State of Flo~ida, to wit:
Lots Thirteen (13) and Fourteen (14), Block 149, LAKEWOOD PARK
UNIT 11, according to the plat thereof recorded in Plat Book 11,
pages 32A, 328, 32C and 32D, of the Public Records of St. Lucie
County, Florida.
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N ~ 1110Y
jO o pECEryED IN PAYMFM ORTAXE~
~ ouE a+ cu?ss ~ i~~r+cis~ w~cn,
pItRS11ANT TO CtIAPTER 71-134, ACTS OF 1s11~~
N06ER PORRAS
CLER1( CIRqIR OOURT, Si. LllCIE 00, FlA.
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If a conveyance should be made by the rrMrtgagors of the premises herein described, or any part
there~f, wit~,out the written consent of the Association, and without assumption in regular form of
law hy the grantee of the obligati4ns 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 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 Associefion by the party acquiring title fo the premises, or any part
thereof. By giving its consent to such con'veyance, the Assoc~ation shall not be deemed to have released
the mortgagor hereunder trom any liabilityhereunder. The Association may deal with successors in in-
terest with reference to this mortagg. ~nd the debt hereby secured in the same manner as with the
mortgagors, and may forbear to sue br'maylex#~rid tirne ~ 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
sve, extending the time for Qayment of the debt, providing for different monthly payments and/or a
different interest rate, and by other express modifications of the contract, without losing any priority
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 appurtenances now or hereafter erected there-
on or placed therein, including all apparatus, equipment, fixtures or articles, whether ih single units or
centrally 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
shades, storm doors and windows, floor coverings, screen doors, awnings, stoves and water heaters
' (all of which are intended to be and are here5y declared to be a part of said real estate whether physic-
ally attached thereto or not); and also together with all easements and the ~ents, issues and profits of
said premises which are hereby pledged, assigned, transferred and set over unto the Mortgagee, whether
now due or hereafter to become due as provided in the Supplemental Ag~eement secured hereby. The
Mortgagee is hereby subroga~ted to the.righ~s of all mortgages, lienhotders and owners paid off by pro-
ceeds of the lear. heretiy` secured. ~ R 227 racE ~VV
BOOK _
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