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THIS ~NSTR!~h1ENT PREPAREO 0Y
_Cl.~de P. Platts . .
' S`cl~~Fc~de~N ~~nes 6 lcw? I~ssoc~at~en M O R T G A G E
Sixth Avenue and Twenty F~nt Strcet
vero Beach. Fla~da 32960 ~ 3~~
Loan No.. _ - - s
1
THE UNDERSIGNED, _ . _ _ _ ti
-RQNALQ B~ ALBERTS_aad__SN[~RA.B._A1.~EflT~,- hI~ w1#s - - - :
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of Ft._ P LeLC~_ County of~t..: __1,~c i e_ _ , State of Florida, hereinafter ;
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referred to as the Mortgagor, does hereby morsgage and warrant to SECURITY FEDERAL SAVINGS 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 io as the Mo~tgagee, the following real estate
~n the County of __~t, _~~i~L~ in the State of Florida, to wit: ;
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Lots Twenty (20) and Twenty-one (21), Block One Hundred Eighteen (118),
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LAKEWOOD PARK, Unit Nine, according to the plat thereof, as recorded
in Plat 6oc,k 11, page 27A, of the Public Records of St. Lucie County,
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Florida.
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~,E(tK CIRCUIT OOUKT, Si. LUCIE C~. ~ ~
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I If a conveyance shoul~i be made by the mortgagors of the premises herein described, or any part
~ thereof, wit!~out ths w~ritten consent of the Association, and without assumption in regular form of
~ law h~ 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 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 ~
r and assumption until and unless satisfactory financial reports and other personal data required by the ;
~ Associaticn are furnished to the Association by the party acquiring title to the premises, or any p~rt i
" thereof. By giving its consent_ to such conveyance, t he Association shall not be deemed to have released ~
~ the mortgagor hereundct from any liability hereunder. The As iation may dea) with successors in ~n- f
~ teresi with reference to this mortage and the delit` hereby .se,~~ed 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 he~eunder
~ or upon the debt hereby secured. The Association may also deal with the Mortgagors and/or with
- successors in in~erest with reference to this mortgage and the debt hereby secured by forbearing to
sue, extending the time for payment 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 mortga~ees or lienors or holders of any junior interest in the property
r` secured hereby. oo #
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~ Tagether with all buildings, improvements, fixtures or appurtenances now or herea~ter erected there-
: on or placed therein, including all apparatus, equipment, fixtures or articles, whether in single units or
, centrally cor:trolled, 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 S
~ snades, storm doors and windows, floor coverings, screen doors, awnings, stoves and water heaters ~
~ (all of which are intended to be and are hereby declared to be a part of said real estate whether physic- ~.i
~ ally attachedZfiereta or not); and also together with all easements and the rents, issues and profits of ~
~ said premises which are hereby pledged, assigned, transferred and set over unto ihe Mortgagee, whether ~
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~ rn~yv due or hereafier to become ciue as provided in the Supplemental Agreement secured hereby. The
;s Mortgagee is hereby subrogated to the rights of all mortgages, lienholders and owners paid off by pro-
~ ceeds of the loan hereby securpd
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