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THIS INSTRUMENT PREPAREC BY: ~
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Clyde P, Piatts j
sK~+~r fa...~ sw+r~s t Associat~«+
of ~„a~a~ Riw+ c~rY M O R T G A G E
ve~~ ~.Ta~
oF~.~ st.~.~ 18369
Loan No.-__
THE UNDERSIGNED, Danny B. Herndon and Frances A. Herndon, his wife------------
of__ Ft. Pierce _ ,County of St. 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 1
in the County of St. Lucie in the State of Florida, to wit:
Lot 22, Biock 97, INDIAN RIVER ESTATES, UNIT NINE according to
the plat thereof as recorded in Plat Book 10, Page 74, of the
Public Records of St. Lucie County, Florida
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o aF^~;va s ~S_~a
~ ~ III PAYtItIR Of TAXIR
5~, L'^c ; 7 CL'LS 'C' Ca~:~~ 8LF PERSSaaI PROPEiITY,
Fh::,:+'JT TO iili?7_Z 71-;.4, ACTS OF W71.
BCC:R PflITRAS
CLERK C1RCUti COURT, ST. LIICIE CO. R~9~' .
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If a conveyance should be made by the rru~rtgagors of the premises herein described, or any part S+s'
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thereof, without the written consent of the Association, and without assumption in regular form of
law 1-y 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 tQ the Association by the party acquiring title to the premises, or any part
thereof. By giving its'tb~slcnt'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
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
i 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_ j
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 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 hereafter to become due as provided in the Supplemental Agreement secured hereby. The
Mortgagee is he~e~y subrog~tgd.to the rights of all mortgages, lienholders and owners paid off by pnr ~
ceeds of the (iArt!berebr secured.' !
8~ P~6E 344