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HomeMy WebLinkAbout0200 DIRECT HOME IMPROVEMENT MORTGAGE !jprr~~ WITN FUTURE ADVANCE ~r~~~~~ p C7 THIS MORTGAGE. mad~ this 14th d,,, o~ October , A.O., 19~- , betw~en Ronald Smith and ~i th., hi g d~ fe, (Mortpayor) and ~un eank of FQrt pi erce tMonw~.r tNsm~ ot Sun Bs~kJ WITNESSETH, thst Mony~por, tor ~nd m ca+s~deratw~ of th~ prem~ses snd in orda to seture the paym~nt OI t1N printipsl ~nd ~p int~rest on tM ~oa (~s her~~nsltK d~~iradl, Mortqaqor hersby yr~ntt, auipns transters snd mortpapa to Mortpspes, its sutcessort ~nd ~ sui9rK tortvN, tM lollowinp dtstribed real prOperty in St LLt~s, County, Fbrds, to wit: ~ Section 12 35 39 from the NW Corner of The SS ~ of the NE~ of the SE~C run $ast 141.8 feet, Then ~ ' South 275 Feet for the Point of Beqinriinq, Then $ast 101.9 Feet, then Sotith 100 Feet, Then West 101.9 Feet, Then North 100 Feet to the Point of ~ Beqinninq. J Q - Z C~ o ~~e ~E fu~. ~ ~~j~1E Ga~1~ (v f o ItOCfa P~~t C4URj g~ - a TAlf~3 Q " CLEa y~~Rc ED ~~g'C ~ jel ~PERS~ ~ ~ 35 aM s~~ ~u~wt To au~~ PO~RNAS~s ~f 191L ~ Q ~j Z ~ ` ~ w r~~t~ 0 C~FJeI C~IIq?tT OOWf. ~T. WGIE E0. M~ ~ ~ f N ~o-~ ~D a ~ f.. O (he~einafter roisrred to as the Mortgsgxl Prope?ty1; and the Mortgapor does hereby fully warrant the titte to the Mortgaped Property } ~Ni t a~ w;~~ detend the sart+e sgai~st the Iswful Naims oi alt persons whomsoever. Q ~ PROVIDED AIWAYS, that ~r Ronald and Ann Smith ~ , the Maker(s) of that z ~ ' ' s llnse.t Namels)1 ~ ~ 1L oertain promissory note datod the date hereof (the Notel, hP Aeus. le~~ representatives or augns sha11 pay to Mortgagee ~ ~ OC~y~+ ~ the prineipal wm of s 4 3~ 4. 64 as evidenced by the Note", with interest a~d upon tl~e terms as provided therei~, the tiral Wa~uZi w. maturity date of the Note and of this Mortgage being ~tOb@l~ 21. ~~1 , whid? Note provides tt~t Z~,a all instaUments of principal arx! interest sre PaYabk at the oifice of Mortgsgee, or at wch other plade as the holder may designate in N ~44 't~ writinp, and thst each maker ard e~dorser agree to pay ill eosts of collection, including s r~sonable attorney's tee, upon default in the Q~ ~ payment of the Noa, and that if deisult be made in the payment of sny instatlment thereunder end thst if wch defauk a not made V~ good in accordance with the terms of tha Note, that the entire principsl wm and socrued, ~rned interest shall becorne due snd payabk . d ' without ratice at the option ot tt~e holde? thereoi; and shall perform and comply with ~ch and every stipulstion, agreement and cov- U10 cNtllltl ~~t of the Note a~d of this Mortgsge, then this Mwtgage and the estste hereby cr~ted sha11 be wid, otherwise the same shaU re~win I S O~£ j in full tores. Maker coverwnts to psy the interest a~d principal promptty when due. Mortgagor tovenants to pay the taxes and assess- ments on said property; to carry inwrance sgainst f~e on the buildiny on said la~d tor not less than S 4304 . 64 ,~p~ ! by the Mortgagee, with stsnda~d mortgage bu dause payable to Mor[gagee, the policy to be held by the Mortgagee and to keep the G ~~~QUNiT E building on said Fand in Mope~ repair. ~ ' . ~ This Mongape shall secyre not Only existing i~debtedness, but also such future advances, whether such advances are obligatory or € to be made at,thc option oi Mortgagee, w otherwise, as sre made within twenty 120! V~?s from the date hereof, to the same extent as if wch future advsnces were made on the date of the exscution of this Mortgage, but wch secured indebtedness shall not exceed at any m time the maximum prineipal amount oi S 4 304 . 64 plus interest, a~d any disbursemnnts made tor the paymtnt p of tanes, kvies, or inwra~ce, on the Mortgaged Property, wiih interest on wCh disbursdnet~ts. Any such future advanea, whethe~ oblgatory or to be made st the option ot the Mon~agee, or oeherwise, may be made either prior to or after the due date of the Note o~ ~ any other notes secured•by this Mortsage_ This Mortgspe is given for the specific purpose of sewring any and aU indebtedness by tt~e s Maker to Morcyspee (but in no event shall the sewred indebtedness exceed at any time the maximum principal amount set forth in this W ~ parapraph) in wl~steve+ manner this indebtedness may be evidertced or represented, until ihis Mortgage a satisfied of record. All cove- N nants and agreements containecf in this Mortgage shall be applicable to all further ad~ra~ces made by Mortgagee to Maker under this future advance clause. ~ Should any of [he above covenants be broken then the Note and all moneys secured hereby stwll, without demand, if the Mortgagee, ~so elect, at once become due and psyable snd tha mortgage may be foredosed, and atl costs and expenses of colkction and ~ .easonable attorneys' fees, including costs, expenses and reasonable attorneys' fees on appeal, if colkcted by legat proceedings or ~ through an attorney at law, shall be paid by the Maker, arwf ihe same are hereby sewred. rn - Z IN WITNESS WHEREOF, the Mortgagor has executed this Mortgaye as of the date first above set torth. ~ ~ r Sigrxd, seakd and delivered ~n our nce: EAL1 ~ ` lMwtg rl ~ ~ (SEAL) - , ( rtqagor) - t , STATE ~F Florida ~ . - `~K~j- ~ ' - : : . : COUNTY OF ~ , ,~~U~~Vin~.,, - . . St Luc~ie ~ ~ C~•.,.;'''~.: ~ . 1 HEREBY CERTIFY, that on this day, betore m~,;~~fjpN ~y~~~ in:ths State aforesaid and in the County afwesaid to take xknowl~dyments, personallv appeared ~g~;'B_~ to me known to be the person described =i~::..Y.=~ = they . ~ in and wFw ezecuted the toregoiny instrument and ~~,s q' ~Ck~!~~;before me that exeeuted ihe same. WIT~~ my hsnd and oific~sl sesl in the County snd1~~t1 l~ af ' i~tAil~~---daY of . A.0., 19 . - . • %r~ . _ r~ , ~ ~ o p ~ 1 . C~9 _ - dO~~ ~ PACE / ~~C~~~ STI~?F ~ FLORIDA AT UI~ ~ C~AAAAlSSiON E7Q'litES.%PR . 18 1981 ~-so~a-0oo-~ a« sm _ . _ .~7Nluis. c.w~r,~i ~ts