HomeMy WebLinkAbout2916 THIS t'15TRUAIENT PREPARE() 8Y
lY17288
Clyde P. P~lat_~____
Security Federal Savings 8 loan Assoc~at~on t
of Ino~an Rrver Canty M O R T G A G E
Sixth Avenue and Twenty First Street p
Vero Basch. Flyrida X2960 Loan NO..17288 - -
THE UNDERSIGNED, . My_el le_Homes, Inc.._ a Fi-or-ida Corporation--------------------
of Port- - St, _ _Lue i e County of S><. _ -i.u~ i e _ _ _ ,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 Mates of America, hereinafter re farred to as the Mortgagee, the following real estate
~n the County of- .-St.__Lu,cl~__ in the State of Florida, to wit:
Lot 21, Block 523, PORT ST. LUCIE SECTION TEN, according to the plat
thereof, as recorded in Plat Book 12, Pages 49 and 49A through 49G, '
of the Public Records of St. Lucie County, Florida.
• t=~ - ~ r - ~ _ i - j ~ iMoslved ~ .~tG.=`~ In PatR~ Of Tatatt
r ~ , ~ ,
~ ~ ~ - ) Due On Clsss "C" Intangible PetsonstPropMty.
- _ /
_ . , +_:z~ girsusM To Chapter 71. 134. Acts O~'87t.
- - - - s G' ~ J ~ - ROGER POITRAS
_ _ - - , Cta~ Circuit Court. St. Lucie. Co., Rrr.
i
f
If a conveyance should be made by the mortgagors of the premises herein described, or any part
thereof, without the written consent of the Association, arjd witfiout assumption in regular form of
law by the grantee of the obligations to the Association created by'said promissory note and this morr- 4
I 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
arld assumption until and unless satisfactory financial reports and other personal data required by the j
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
S mortgagors, and may forbear to sue or may extend time for payment of the debt, secured hereby, or
otherwise 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
sue, extending the time for payment of the debt, providing for different monthly payments and/or a
's different interest rate, and by other express modifications of the contract, without losing any priority
s 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- r
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 hereby 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 hereaftef to become due as provided in the Supplemental Agreement secured hereby. The
Mortgagee is hereby subrogated tp the rights of all mortgages, lienholders and owners paid off by pro-
coeds of the lean hereby secured. CR~?~'7 A