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Home My WebLink About0703 i DIRECT HOME IMPROVEMENT MORTGAGE ~~~WIV ~ WITH FUTURE AGVANCE , THIS MORTGAGE, macle th~s `l~~ day of October , A.D., 19Z.Z- , between Richard B. Sheets and Jean B. Sheets~ t~is f_, ~Mo?~9~~? a~a Sun B~nk ~f Fert ~i_gr _P ~Mo~~~e.?: (Nsme ot Sun 8ank1 WITNESSETH, thst Mortqagor, tor and in cons~dera~~on of ~he premises and ~n order to secure tAe payment ol the pr~nupal and ~ ~nterest on th~ nott (as here~~alter deiinedl, Mortgagor hereby grsnts, ass~qns t~ansiers a~d mortgaqes to Mortyage~, ~ts successors and ass~yns torsver. ths tolbw~ng dour~bed real property ~n S _?.n[!~ P County, Fbrda, to wit: The North 150 Feet of the West 145 Feet, of the East 185 feet of the N~ of the SE~C of the SE~C of the SE~t of Section 12, Township 35 South, Range 39 East. w ~ ~ 0 z J Q z ( ~ ~ ~ ~~~~`w' . . ~ C~ ~bgt~.o~fN1?~ ~ ~ cl.FaK c1~Cti~T COUR' • V . . . . - a : ~ ~ E Q RECEIVEO ~ 'Z • 3 3 t11 PAY~t ~ PN ~ 1 DUE ON CI~SS 'C' INTANGIBlE °F' .:^':u p40PET~ a O~T 3 53 1 FURS~ir~ti 10 C:~n~c~.~ 71-i':, .1;iS OF 19l1. ~ r ROuER PQIfRAS CLER1( CIRCUIT CWRTi LY~ILi~ a W a ' ~ . a . ~ ~ '~C' ~ (hereinaiter referred to as the Mortgaged Prope?ty1; and t1~e Mortgagor does hereby tully warrant the title to the Mortgaged P~operty ~ ~ > ~ and w~il defend the same against the lawful claims of all personz whomsoever. Q l~~, ~ PROVIOEU ALWAYS, that ii Richard B. & aTEdYI B. sheets , the Makerls) of that j ~~N~ ~f t 1 Ilnsert Namefs)] J,.'-~ certain promissory note dated t1~e date hereoi (the Notel, the ir heus, legal representatives or ass~gns sha11 pay to Mortgagee ~ ~ 11,163.60 p • = the principal sum oi.s as evidenced by the Note, with interest and upon the terms as p; ovided therein, the ti~al ~ . ~ ~ . w ~ i maturity date of the Note and oi this Mortgage being ~,~rll 26 , 19 , which Note provides that G, ~ all installme~ts oi principal ar.d interest are payable at the office oi Mortgagee, or at wch other place as the hofder may des~gnate in ~ ~ writing, and that esch maker ard endorser egree to pay all costs of collection, including a reasonable attorney's fee, upon default in the W~?W N payment of the Note, arxl that ifdefault be made in the payment of any installment thereurder and that if wcA detault is not made Z,~ ~ qood in accordance with the terms of the Note, that the entire principal wm end accrued, earned ~nterest shall become due and payable ~+'ts~' without notice at the option ot tne holder thereof; and shall perform and comply with each and every stipulation, agreement and cov- Q'1~ erwnt of the Note and oi this Mortgage, then this Mortgage and the estate hereby created shall be void, otherwise the same shall remam ~V ~ i~ full torce. Maker cwena~ts to pay the i~terest ard principal promptly when due. Mortgagor covenants to pay the taxes and assess- 4 11,163.60 rn 0 - ments on said property; to carry inwrance against fre on the building on sad land tor not less than S . aPP~oved u'~`c~~~~~:~~~ by the Mortgagee, with standard mortgage bu c~ause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the bu~lding on said land in proper repair. t Z 1 E 1 ~ 4 This Mortgage shatl secure not only ex~sting indebtednesz, but also such future advances, whether wch advances are oblgatory or ` S::NT :UCIE to be made at the option of Mortgagee, or otherw~se, as are made w~thin twe~ty (20! Years from the date hereot, to the same extent as I GCUM: T if such future advances were made o~ the date oi the execution of this Mortgage, but wch secured indebtedness shall not exceed at any ' ~ t~me the mauimum pr~ncipal arnount oi ~ 11,16 3. 60 plus ~nterest, and any disbursements made for the payment ! ; ; oi taxes, levies, or inwrante, on the Mortgaged PrOpetty, with ~nterest on wch disbursements. Any wch future advances, whether € Y ! oblgatory or to be made at the optio~ of the Mortgagee, or otherwise, may be made either pnor to or after the due date of the Note or ~ ; I any other notes secured by this Mortgage. This Mortgage is grven for the spec~i~c purpose oi securing any and aU ~ndebtedness by the ~ .,1„ I" Maker to Mortgagee (but in no eve~t shall the secured indetrtedness ezceed at any time the maz~mum principal amount set forth in this ' 4 paragraph) in whatever manner this indebtedness may be evdenced or represented, until th~s Mortgage is satisfied of record. All care- a ;n f na~ts ard a9reements contamed in th~s Mortgage sha11 be applicable to atl further advances made by Mortgagee to Make~ under th~s ~ future advance clause. ~ ~ Z Should any of the above covenants be broken then the Note a~d all moneys secured hereby shall, w~thout dema~d, ii the ~ "Z Mo~tgagee, so elect, at once become due and payable and ihis mortqage may be toreclosed, and all costs and expenses of collect~on and reasonable attorneys' fees, ~nclud~ng costs, expenses and ~easonable attorneys' (ees on appeal, ~t collected by legal proceedmgs or through an attorney at law, shall be paid by the Maker, and the same are hereby secured_ cn . 7_ - , IN WITNESS WHEREOF, the Mortgagor has executed th~s Mortgage as of the date t~rst above set forth. v; . ~ Sgned, sealed and delrvered - ou rese~ce: ~ ~ - • J ISEAU 4 (Mortgagor) a ~ - - (SEAL) (Mortgagor ) ~ STATE OF Flv~ida 1 S ~ ' i ~ COUNTY OF St Lucie 1 1 HEREBY CERTIFY, that on this day, before me, an off~cer duly authonzed m the State aforesa~d ar?d in the County a~oresaid ~ to take acknowledgments, personally a~~ ~~.~d ~ Jean Sheets to me knov~m to be the person descnbed ~ - ~ m and who executed the forego~ng ~n~ua?ent a~ {~'~~~e-- acknowledge0 before me that t~ executed the same. • ti t:s ~ WITNFSS my hand and otiicial ~I ~p~~ounty aAd Stak last af ~d th~s y of , A.o., ~s ~ ~ . _ ~ - „ _ - . : _ Q . ~ r, . , • r'J _ Notary P Iy~Mslv ~OOK~~6 p ~ ~tINIC =T~TE IDR AT lARO! ; ~ ~ • ,c~~ M Commiss ~r ~ ..)r , - Y 1O~t~t'.~?~1lIAN !X~ I?PR. 23, t97e t~ r~ ~1~ TM~t10tl~1tRAl INSURAN~E Ilt~tDER1NRRl'~! 46014-000-7Rw6l77 ~~t~ • e.«~~~~v.... ~ ~ uv.-.,~_- . - - -