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489'76'7
THIS INSTRUMENT PREPARED BY:
~jyde P. Platts
o :n
a~.
co~~+t~r a loan Assoa,twn MORTGAGE
Sixth Awrxre and TwerNy Fint Strut
Vero BeatA, Florida J296D
Loan No.~~
8~.~---
- 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
in the County of St_. LuC i e in the State of Florida, to wit:
lot 1, Block 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.
44.y0 IN PAr1Et1'T OF TJ1XEs
Rf~fTYEB f_.__-___-.~- -
CS_ CH fL SS 'C' 14iA:':::'~LE PACTS OF 197E
R3G~R P:,ITnJ15 ,
CLEiiK CI~CUT C31idT, ST. IUI:IE CO, ft1l~~
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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 Association, and without assumption in regular form of
law t-y the grantee of the obligations to the Association created by said promissory note and this mo~t-
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 tv 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-
. serest with reference to this mortage and the debt hereby secured in the same manner as with the
t 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
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 hereby subr 'to the rts~df all. mortgages, lienholders and owners paid off by pro-
ceeds of the loan here~y~~ed. • ~ BUOX~~ PMf t~~
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