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THIS INSTRUA/ENT PREPAREO 8\' ,
Clyde P. Platts 4-~'2<<'j'o9
Setunty Fedtral Sawe~a a Loan Assoc~ation '
o~ i~,a,~, a„~, c~,w M O R T G A G E
Sixth Avcrwe snd Twenty Fint Strt~t
Vero Bexl+, Flor~da 32960
Loan No.. _ 45Q9 _ . . -
THE UNDERSIGNED,____Backus_ EnterprisesL Inc, t a_Florida Corporation
of F t._ P i e rce _ T__v, County of S t. Luc i.e State of Florida, hereinafter ;
refer~ed to as the Mortgagor, does hereby mortgage and wa~rant 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, herei~after re fe~~ed to as the Mortgagee, the following real estate
~n the County of_ S t. Luc i e _ in the State of Florida, to wit:
Lot 22, Block 36, SUNLAND GARDENS, N2, according to plat recorded in
Plat Book 9, Page 54, Public Records of St. Lucie County~ Florida. ~p ~
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~ If a conveyance should be made by the m~rtgagors of the premises herein described, or any part
~ thereof, wit!~out the written consent of the Association, and without assumption in regular form of
law 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 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 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 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 liabiliry of the mortgagors hereunder
or upan the debt he~eby 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 4
~ sue, extending the time for payment of the debt, providing for different monthly payments and/or a
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; difFerent interest rate, and by other express modifical+ons of the contract, without losing any priority
the Association has over other mortgagees or lienors or holders of any junior interest in the property
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~ secured hereby. .
~ Together with all buifdings, improvem~nts, fixtures or appurtenancf~ now or hereafter erected there- ~
~ on or placed therein, including all apparatus, equipment, fixtures or artic~~s, whether in single units or ~ _
~ centrally controlled, used to supply heat, gas, air conditioning, water, light, p~wer, refrigeration, ventila-
~ tion or other services, and any other thing now or hereafter therein or the~;:on, including screens, window
shades, storm doors ~nd windows, floor coverings, screer~ ;~,:.r~, 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); anci also tbgether with all easements and the rents, issues and profits of :
~ said premises which are hereby pledged, assigned, iransferred and set over unto the Mortgagee, whether `
~ now due or hereafter to become due as provided in the Supplemental Agreement secured hereby_ The ,
~ Mort~agee is hereby sub~ogated to the rights of all mortgages, lienholders and owners aid off by pro- ~
~ ceeds of the loan'hereby secured. 291 PAGE 1 t7~ ~
B~OK
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