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THIS i\STRLMENT PREPARED l~ti". ~3(~9 J(~~ ?
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Secu~~ly Feder~i Savings l~an Assoc~4t~c~~ ~ O R T C A G E • ~
of }~dian Riv~r CouNy
S~xih Ave~ur and Twcnty Fu~t Strec? ~~78 ~
Vr:o Feach, Florida 32960 - ~
Loan No...- .
Backus Enter rises, Inc , A Florida Corporation ~
THE UNDERSIGNED, - - - ~
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of F t. _ P i erce County of S t._ _L~c i e___._____. , Sta~e of Florida, hereinafter
referred to as the Mortgagor, does hereby mortgage and warrant to SECURITY FEDERAI. SAVINGS AND ~
LOAN ASSOCtATION GF It~DIAN RIVEt2 COUNTY, a corporation organized and existing undcr the
la~~vs of the United ~tates uf America, hereinafter ref~ rred to as the Mortgagee, the foll~wing real estate , ~
~n tf~e County of.__-_ S t._ Luc i e in the State of Florida, to wit:
. 1> > ~ ~ C~C G ~
~~(b S ? / C~C 7 ~j
Lot of Block 41 of SUNLAND GARDENS as per pla[ thereof ~
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~n file in Plat Sook 9 at page 67 of t°~e Public Records ~
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of St. Lucie County, Florida -
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o " Olsi PAYMENT OF tAXE1 ~
- RECEIVED S ~ AL PROPERIY~ ~
- . ~ p1lE ON CLASS'C' ItltANGIf3tE ~ .
. PURSl1ANj 70 CH''1P`rE~ 11-13:. A~iS OF l~/1. y~ _
/n
ROGER PJI~RAS -
~RP( CIRCUIT CAURS, Si. luCfE CO., FLA.
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A' if a ccnveyance shautd be made by the rr:~rtgagors of the pre~nises herein described, or any part i
ihereot, wit!~out th~ viritten consent of the Assor.iation, and witnout _ assumption in regular form of ;
- law hy the grantee of the oi~ti~ations to the Association created by said promissory note and this mori--
gage, then, anci in th~t event, and at the option of the Association, and ~vithout notice, all sums of _
~ _ money s~tured hereby shali immediately and conturrent4y with such conveyance become due and pay- _
able and in default. The Assxia#ib:n rese~ves the cight to withhold consent to any such conveyance
~ ar~d assumption unti! and unless saXiStactory firancial reports anci otner personal data r~guired by the .
~ Association arz furnished to the ~Cs~a'~atio~ t'ry tl~e party acqwring title to the premises, oc any part ~
iherFof. By g":v+ng its consent ta such conveyance, the Association shall not be deemed to have releaspd
the mortgagar hereunder from any (iab3lity hereunder. The Association may deal with successors in in-
terQSt with referente to this rr~o: tage and tP~e debt hereby secured in the same manner as with the
rnortgagors, and may forbear to sue or niay cxtend time for payment of the debt, secured hereby, Qr
ott~erwise att withnut discharging or in any way aif~cting fihe liab~lity of ~he mortgagors hereunder
- ~ or upon the debt hereby cecured. The Association may also deai with the Martgagors and/or with
successo~s in interest wiih reference to this mo!tgage and the ~ebt hereby secured by forbearing to
_ sue, extending the time for payment af the debt, provid+ng for d'sfferent month{y payments and/or a' -
~ different interest_ rate, and by o_ther express mocifications of the contract, ~viihout {osing any priority
the Association has over other mortgagees or lienors or holders of any junior interest +n the property
secured hereby. ~ ~ . _
- Together with aU buildings, improvements, fixtures or appurtenantes now or hereaf;er erected fihere-
_ on or placed therein, includiRg all a~paratus, equipment, fixtures or artictes, whether in singte units or - ~
centrally controlled, used to supply heat, gas; air cond'+tianing, water, I+~ht, power, refrigeratiori, ventila- -
tion or other services, and any other thing nov~ or hereafter.therein or thereon, including screens, ~vindow ~
shades, storm doors and windows, tloor coverings, screen doors, awnings, stoves and ~vater 'r?eaters
(all of which are intended to t~e and are here'~y dectared to be a part of said real estate ~~rhether physic-
, ally attached thereto or not); and a~so together with a!I easements an~ the ~ents, issues and profits of ~
said premises ~vhich are hereby pledged, assigned, transferred and set aver unto ihe Mortgagee, whethes
now dun or hereafter to 5ecome du~ as provided in the Supplemer~tal Agreement secured hereb~. The
Mortgagee is hereby u:brogated to the rights of ali mortgages, lienholders8 n s ha~ ro-
ceeds~ of the loan hereby secur~d. _