HomeMy WebLinkAbout0541 WITH fUTURE AOVANCE ~ ~v ~ ¦ v v~. v~~~~ ~
THIS MORTGAGE, mad~ thlt lsth d~y ot `ju~ , A.O.. 19 , b~twNn
W31118 H. W31118me 8I1d Bett~i R. Williaas, h1e ~i1fe ~~~~p~~~
Sua Bank of St. Lucie Cownty ~~,~„t~.~ei:
lNam~of Sun Ba~k)
MIPITNESSETH, tAat Monpaqo~, for ~nd ~n cons~deratan of tha pnm~s and in order to s~cur~ the psymMt of ih~ pr~r?cipsl snd
~nt~~Ylt 0~1 thf ROtf (~i Af(fin~ltar dt~medl, MortQapor h~~by qr~ntf, m~nf transfets and mqtppfs to Nbt(qspe~, ils {uctessors ind
asuqnt fo~wtr. the followinq describod resl propartY St. Lucie County, Fbnda, to wit:
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Lot 4, Block 32, SUNLAND GARDffidS SUBDIVISION, as per plat thereof ;
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recorded in Plat Book 8, page 32, Public Records of St. Lucie County
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~ This is a second sortgage
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o ' i~Ee ~,1ro RE ~r~.
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M~AS
i~ C~ERK C~RCWt COURT ~~ryEp ~ IN PAriE1R OF Tlll~
Q!;' p_. r: c. , y[ptffEOr~+""~ D'i!E ON ClAS~'C INTIItirlB!E £E~J1.•:~11 PROPERTY~
21 ~u PUitSt111NT t0 G1k'~.r'._, 7l•1:~:. A.".iS~ 19/1.
H11 = ROEiER POIIRAS :A~~~
W;-~ ~-ti Ju~ 19 CiERK dNGlIT C00lT, ST. WCIE ED~ ~
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fr ~ lhereinafter referred to as the Mottpapetl Propertyl; and the Mort~apo~ does hereby fully warrant the title to tAe Mortgaged Property
> + ~ and wifl detend the s~me against the lawful clsims oi sll parsons whomsoave~.
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h; , PROVIDED ALWAYS, tl»t if ~lillie fl. Wi1118IDS aIId ~tt~, Williams , the Makerls) of thst
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oertain promissory rate dated the dats hsreof (tha Notel, their heirs, kgal rep?esentatives or assg~s shall pay to Niortyagee
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~ L 8072.40
p_ ~ aa the principal wm of = ~ as evide~ced by the Note, with i~terest and upon the tams as provided therein, the tirrl
° - Julv 16,
w• ~ a maturity date of the Note snd oi this Mortgage being 19~ , 19 , which Note provides that
~ all innstlments of prir~cipal and interest are payable at the oftice ot Mortgagse, or st wch other place as the holder may designste in
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~ vaiti~?y, and that each maker and sndor~ spree to pay sll oosts of collection, including a reasonabk attorney's fee, upon default in the
paymant oi the Note, and thst if defsult be made in the p~Yment of sny, installment ihereunder and that if wch default is not msde
yoaf in aocadance with ths terms of the Note, tMt the entire principal wm snd accrued, usrned inte?est shall become due snd payabk
without notice at the optiw~ of the holder thereof; and shal) pvform and comply with each and every stipulation, agreement and eov-
a?ant of the Note and oi this Mortpspe, then this Mortgage and the estste hereby created shall be wid, otherwise the same shall remain
in full torce. Maker covena~ts~to pay the interest and principsl promptly when due. Mortgsyor covenants to pay the taxes and assess-
ments on ssid propaty; to carry inwrance apsi~st iire on the buildiiy on mid land tor not less than S $~72.40 , approved
by the Mortyapse, with stardarcl mortqage bss clause psyable to Mortpagee, the policy to be held by the Mortgagee and to keep the
building on said land in ptoper tepeir.
This Mortyape shall secure ~ot only existiny indebtedneu, but also wch future advances, whether such advances are obtigatory or
'i te be made at the option ot Mortgagee, or otherwise, as are made within twenty (20) years from the date hereof, to the same extent as
; if yuch tucure advances were made on the date of the execution of this Mortgage, but wch secured indebtedness sha11 not exceed aa any
' ~ ~1 I time the msximum principal artwunt of s 52~' ~ plus interest, and any disburstments made tor the psyment
j p ~ of tazes, levies, or inwrs~ce, on the Mortgac~d Property, with interest on such disbursements. A~y wth future sdvances, whether
f r~ oblgatory or to be msde at the option of the Mortgayes, or etherwise, msy be made either prior to or aher fhe due date of the Note or
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Q ~ any other notes searred by this Mortya9e. This Mortyage is 9iven tor the spec~fic purpose of sewring any and all indebtedness by the
w ~ Maker to Mortya~ee (but in no event shall the secured indebtedness ezceed st any time the maximum principal amount set forth in this
~ parayraph) in whatevar manner this indebtedneu msy be evidenced or represented, until this Mortgage is satisfied of record. All core-
aD ~ nants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker urxter this
~ ~ w future advance ctause. '
w~ dj ~Should any ot the above covenants be broken then the Nota and all moneys secured hereby shall, without demand, if the
~ c~ Mortgagee, ~o elect, at once beoome due a~d payabte and this mortgage may be foredosed, and a11 costs and expenses of collection and
~ aj y reasonable attorneys' tees, includin9 costs, expensa and reasonabte attorneys' tees on appeal, if collec[ed by legal proceedings or
through an attorney st law, shall be paid by the Maker, a~d the same are hnreby seeured.
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IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as ot the date t~rst above set lorth.
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m.our prese e: . ~ ~ ~
ISEAL)
IMortgagor) ~
~ ' ISEAL)
IMortgagorl
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~ STATEOF FLORIDA 1
1 ~~+~`~~~u,
~ COUNTY OF ST. LUCIE ~ Er/'.
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I HEREBY CERTIFY, that on th?s day, beiore me, an oftiar t~uEQjaO'tAb~ri~ . iq f1~~~Lte atoresad and in the County~,a~{fo~resad
, ~o take xknowtoepments, versonsu~ appeared Willie H. k7~Swr~iSb'e~Ae p~efsso$eescr~ed
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m and who executed tne torepoing mstrument and t~v ' I«iped' ~eir4`me that they executed the ssme.
WITNESS my hsnd and ofiic~al sest ~n the County and Sate fa~ icljhis" - day ot Jul ,
A.D., 19 - •
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(~lotsry ubtiC%•......,.•.^~'~ ~
MY Com~mi~s~ Exp ' ~
- ~ f l~1~lf ~ iK1'•. . ]R . . ~ ' :
4-6014-000-~ Rev 6/77 dOQ~ ~Z~ ~ {5~ ~LT :.~y1IIMt . . , ( e..~..,.. n.,i' ,
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