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THIS ItvSTRUMENT PREPARED BY
~1 P. Platts
o
Ind'an River Coun~ a Associsl~on M O R T G A G E
Sixth Avenue and Twenty fast Street
Vero Beach, it«ida 32960 Loan No. 15$45
THE UNDERSIGNED, _ Martin C. ~ierrldon and Martha S. _ Heettldon, his wife and Danny B.
~_Nr?rnc7r~n~ hi
a wife- _
of . _ County of _Lucie` ,State of Florida, hereinafter
referred to as the Mortgagor, does hereby mortgage 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, hereinafter referred to as the Mortgagee, the following real estate
•t, the County of._ _ I~ie _ in the State of Florida, to wit:
Lot 2, B1odt 97, Il~IDIAN RIVER F~'I~1TFS, UNIT 9, aooordirlq to the p1,at
thereof recorded in Plat Book 10, Page 74, Public Records of St. Lucie
Gbunty, Florida.
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QUE Q!1 CIdSS •C' iYi::!:£'3! ~ }:~iC?i:Rl PROPERTY,
FURSUANi 7O •_H:.a:i.t 7i-~-{, A1;7S Of 1811.
B;?GER POIittAS
CI~RK CIRCUR COURT. ST. U1CiE CO. FiA~ -J
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If a conveyance should be made by the mortgagors of the premises herein described, or any part
thereof, wit`~out the written consent of the ASSQCIatIOn, and without assumption in regular form of
law by the grantee of the obligations to the Association created by said promissory note and this morr-
gage, ifren, and in that event, and at the option of the Association, and tv"stho,st notice, a!! -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 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
such 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 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 in 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 heresy declared to be a part of said real estate whether physic-
ally attached thereto 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 the Mortgagee, whether
now due or hereafter to become due as provided in the Supplemental Agreement secured hereby_ The )
Mortgagee is herebv subros?ated to the ri¢hts of All mort>;as:es, lienholders and owners paid off by pro- ~