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HomeMy WebLinkAbout0777 . - - DIRECT HOME IMPROVEMENT M RT A E WITH FUTURE AOVANCE O G G THIS MORTGAGE, mad~ ihis 3rd ~y ol , A.D., 19 , betwee~ $dward L. and Charlotte G. Worth tMo.t9a~o.! ana SuII Bank nf St_ L.~ci e_C~ m~ (Mortyapesl: (Name ol Sun BsnkJ WITNESSETH, tbat Mon9agor, lor and m cons~deratwn of [he premises and in o~der to secur~ the psyment of the principsl snd ' int~rest on th~ note (ss hereinatter detinedl, Mortgayor hereby grsnts, au:pns translers snd mortpsges to Mortgspee, ns wcceuors and su~yns to~ever, tM tollowinp describad resl property in Cou~ty, Fbrida, to wit: Lot 7 of Block 60 of I.AI~OOD PARK S[JBDIVISION Unit No. 6, as per plat thereof on file in plat booj 11 at paqe 7, of the o ~ Public records of St. Lucie County, Florida. z J ~ Q ? This is a First Mortgaqe. ~ / ,a`~ ° ~"~~8~~~~. g~ ~~s ~ J~- ts~ ROCER'Qlfi14S i IN P1?1~YEM~~nr t•LERK CtRCpIT COlIRT ~ ~-^~~:;r 7c'RrirEp tBIE O - ~ ~ ~'C INtN18 PERSUNAL '~-~Q lll pUR$11At11 TO ~R 1 1• 1 3 4~ S O F 19/~~ Ocr ~I II t-1 aM'~T "pc~ ~i, wc~ e~o. Aw i ~ ~ W~~ ccu~ci. i~L : r'~~ i ~ 1~ ; ~ n... ~ 380581 ~ ~''~eW ~ ~ Q~~ ~ (hereinafter referred to as tAe Mortyaged Propertyl; and the Mongapor does he~eby fully warrant the title to tt~e Mortgaged Property t~Z; and wifl defend ths same agsinst the lawful claims of all persons whomsoever. " I~`-~Es ~ PROVIDEO ALWAYS, thst it EdwBrd L_ & Chnrlntte Wnrth , the Makerls) of thet ~C.I~~~ flll N Unsert Namelsl) ;f JI~ n? cvtain promissory note dated the date heroof (tF~e Netel,- t- h~~ ~ hercs, tegal representatives or auigns shall pay to Mortgagee i.r-~C~t'W ' V~~~~i li I I I111 the principsl wm of : 2, 934. 90 as eridmced by the Note, with interest and upon the terms as provided therein, tt~e final ~ ~ ~ Z 1 ~ maturity date of the Note and ot this Mortgsge bei~g ~ , 19 _$Q..._ , which Note provides that all i~stallmants ot p~incipsl and interest are payabk st the o tice of Mortgagee, or at wch other plsce as the holder mey desig~ate in writiny, and that each maker and endorser apree to pay alt costs of colkction, including s reasonable sttorney's fce, upon default in the ~:JUNiT ~E f P~~ment ot the Note, snd that if default be made i~ the psyme~t of any instalkna~t thereunder and that if wch detault a not made gootl in aocordance with the terms of the Note, that the entire principal sum aod accrued, earned i~tnrest shall betome due s~d payabk without notice at the option ot the holder thereoi; snd shall paform a~d comply with esd~ and eve?y stipulation, agreement and cov- enant of tF~e Note and of this Mortgage, then this Mortgage and the atate hereby cr~ted shall be void, otherwise the same shall remain in full force. ~ske? carenants to pay the interest and principal p~omptly when due. Mortgagor rnvena~ts to pay the taxes ard ~seu- ments on said property; to carry inwrance sgainst fire o~ the building on said land fo? not leu than s , approved by the Mortyagee, with standsrd mortgage bu clause payable to Mortgagee, the policy to be held by the t~agee arxf to keep the buildirg on said Isnd in propa tepair- ~ ~ This Mortgaye shall secure not only exitting indebtedness, but also wch future advances, whether such adrances are obligatory or i ~ to be made at the option of Mortgagee, or otherwise, as are made within twenty (20) years from the date hereof, to the sarne extent as ~ if wch future sdvances were made on the date of the execution of this Mortgege, but wch secured i~debtedness shall not exceed at any ~ time the maxirtwm principal ar??ount oi s N/A plus interest, and any disbursements made for the payment ~ o of taxes, levies, or inwrance, on the Mortyayed P~operty, with interest on sueh disbursemenis. Any such future advances, whether ~ Y obtigatory or to be made at the option oi the Mortgagee, o~ otherwise, may be made either prior to or afta the due date of the Note or Q any other nota secured by this Mwtgage. This Mortgape is given fot the specific purpose oi securing any and all indebtedness by the w y Maker to Mortyapee (but in no event shalt the secured indebtedness exceed at a~y time the maximum pri~cipal amount set forth in this a f~ para~raph! ~ whatever manne~ this indebtednas msy be evidenced or represented, until tha Mortgage is ratisfied of record. All core- v, ~ nants and agreements contai~ed in t:~is Mortgage shall be applicabk to all funher advances made by Mortgagee to Maker under this Q U future advance clause. ~ Z~ Should any of the above carenants be broken then the Note and all moneys xcured hereby shall, without demand, ii ihe ' Mortgagee, so elect, at once beoome due and payable and this mortgage may be foredosed, and all costs and expenses of collection and ttt ~ x reasonable attorneys' fees, including costs, expmses and reasonable attorneys' tees on appeel, if collected by legat proceedings or ~ through a~ attorney at law, shall be paid by the Maker, and the same are hereby secured. N ~ Z ~ N IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. t=- Signed, seabd and delivered in our Ce: ~ ~ EALI ; • ~ ~ (Mort , C'%// ~ tSEAL) ~ IMortgago~) ~ p STATE OF Florida - ° ~ • ~ ` ` ,;`~~~~~ui~i ~i~,,~,~ . ~ COUNTY OF $t. Lucie v ,ni' r•• •r - ~ 1 HEREBY CERTIFY, thst q~l ~it~ay, before,m?, Ji•csjficer duly authorized i~ the State aforesaid and in the County ato~esaid to ta!ce acknowled9ments, ~so~i~•~'.~r~d ~~i'•~~~lotte G. Worth 4u.~ , to me known to be the perso~$escribed in and who executed the fore~oin~.~?~trpenenfaod~,,,~ ~ knowledged before me thst executed the ssme. ti , .',~rJ WITNESS my hand snd offierjt~el in ~Oe.~du~+ty sp~~aje Iast r id tbis 3~ y of , A.O., 19~_. - . f3=•.,;. _ ~ . • ;ti` . ~ i;t" _ 9 J~'•~ ' .,i. ,'%it~~t,};~.:'`' NotuyPubliC - • ~ MY Corr~ ~ ~ ~ f L'OA1fldl 1lT TJI~ 480140047 R~v 6/77 R , ~~~~u~`-- ' rk . to i4 31 _ $00~~73 ~ ~ g_ g I E..~...,~ ~