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THIS lncSTRUAtENT GREPARED BY
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Security Federal Savings 6 loan Assoc~afion
of lna~.n Rive. e«.nry M O R T G A G E
Sixth Avenue and Twenty First Street
Fero Beath, Florida J2v60 Loan No. ~ 7270-- - -
THE UNDERSIGNED, - Rio__Mar-Hd_rtgs. Inc._~d_F14tLsla-_~arpQraiLon-------------------
of Port -St-z_Lueie County of S.L.. 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
+n the County of _ St _ Luc
i~ in the State of Florida, to wit:
Lot 18, Block 507, Port St. Lucie, Section 10, according to the plat
thereof as recorded in Plat Book 12, Page 49, of the Public Records
of St. Lucie County, Florida.
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r- . . ~ - - - _ - , ~ - Rao~iv,ad ~O.~TD to Payment O?TsxN
t , , - ;-._r< ; . - ~ Dua On Class "C" Intanplble Penfonet propn.Mr
. m - _ ` au~susM To Chaptsr 71. 134. AcU O~'9?1,
- - - , . - ~ j ~ ~ ~ ROGER POf TRAS
- t`t~ Ctroult Court. SL Lads, Co., Flfa..
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If a conveyance should be made by the mortgagors of the premises herein described, or any part -
thereof, wittiout the written consent of the Association, and without assumption in regular form of
€ law by the' grantee of tF~e obligations to the Association created by said promissory note and this morr-
gage, then, and in that event, and a[ the option of the Association, and without notice, ail 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
I 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. Tl~e 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 paymen! 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
suc, 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 o.• 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- .
lion 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 -
a Call 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 hereby subrogated to the rightsfof all mortgages lienholder1sp and owners paid off by pro-
ceeds o the car. hereb secured.
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