HomeMy WebLinkAbout0635 OtRECT HOME IMPROVEMENT MORTGAGE ~ 3f~~J~~ ~
WITH FUTURE AOVANCE ~
THIS MORTCtAGE, made th~s Z~ day of : A 19 77- •~~W~^
Y~rh;n R_ an~ r~arv cathgrine Laiminger . tMo~?yayo~~ ana
SLn BaILk Qf St LuC~@ COlllltY _ IMortgageel:
INameo~ Sun Bank1
WITNESSETH, that Mortgagor, tor and ~n cons~derat~on ol the prem~ses and ~n o~der to secure ~he payment o) the D~~~c~pal and
~r.terest on the note (as here~nalter def~nedl, Mortgagor hereby grants, ass~ ns t ansl rs and mortga9es to Mortgagee, ~tssuccessorsand
S~L. ~,ucie
ass~qns iorever, the lol!ow~ng deur~bed reai property ~n County, Fbrda, to w~t:
North ~ of Lot 3 all of Lot 4 and the South ~ of Lot 5, of Block
1 of Cramer's addition subdivision according to plat book 2, page 10
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of the Public Records of St. Lucie County, florida.
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z T-his is a second mortgQge.
z it~lwd In Ayn~~t Of T~oM
~ Ow Class ~~C" Int~11~M ~so11~1 h~opwb.
~ ~~~~~~~n T° CMpar ~1. ta4,~ AoM O~ ~71.
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OCE.R PO1jR~5 RO(;EA ~TMS °1
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(here~natter referred to as the Mortgag¢d Prc~perty); and the Mor[gagor does hereby tully warrant the t~t1e to the Mor~gagecf Property ~
r and wi~t defend the same against the lawiul clawns of all persons whomsoever.
~ PROVIDED ALWAYS, that rf , the Makerls) of that
7 Insert Namelsl)
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certam promissory note dated the date hereof (the Note1, be~rs, legal representat~ves or amgns shall pay to Mortgagee -
1 O '~nh S6 as ev~denced by the Note, wrth ~~terest and upon the terms as provided there~n, the final ~
the princ~pal sum of S ~
~ matunty date of the Note and of this Mortgage beln9 , 19 , whlch Note prowdes that
` all mstallments of pnncipal and interest a~e payabFe at the oftice of Mortgagee, or at wch other place as the holder may dei~gnate ~n
writing, and that ~ch make? and e~dorser ag~ee to pay all costs oi collection, including a reasonable attorney's tee, upon defauli ~n the
payment o( tAe Note, and that if defauN be made in the payment of a~y installment thereunder and that ~i wch default ~s not made
good in aceordance with the terms of the Note, that the ent~re pri~cipal wm a~d accrued, ear~ed ~nterest shall become due and payable
without not~ce at the op2ion of the holder thereof; and slwll perform and compty w~th each and every st~pulat~on, agreement and cov- x
enant of the tdote and o~ this Mortgage, then ihis Mortgage and the estate hereby created shall be vo~d, otherw~te the same shall rema~n s
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~ in full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess- ?
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i p operty: to carry ~nsurance mst fwe on the bu~ldi on sa~d la~d for ~ot less than $ , approved
~ rtfEnls On Sad r aga ~9
~ by the Mortgagee, wrth standard matgage loss clause payable to Mortgagee, the pol~cy to be heki by the Mortgagee and to keep the
~ bu~ld~ng on sa~d land in prpper repair.
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C ill Th~s Mortgage shal: secure rat onty ex~stmg indebted~ess, but also wch future advances, whether wch advances are obligatory or
~ ~ to be made at the option of Mortgagee, or otherw~se, as are made w~thin twenty (201 years irom the date hereot, to the same eztent as
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c-~ ~f such tuture advances were made on the date of the ezecution of th~s Mortgage, but wch secured ~ndebtedness zhall not exceed at any
~ ~ ~ Ume the max~mum prmupal arr~0unt of $ D~us mterest, and any d~st~ursements made for the paymem
~ _ ,1 oi taxes, lev~es, or msurance, on the Mortga~ed Property, with mterest on wch d~sbursements. Any wch tuture advances, whether
~+j oblgatory or to be made at the option of the Mortgagee, or otherwlse, may be made erther pnor to or after the due date oi the Note or
~ - any other nptes secured by th~s Mortgage. ThK Mortgage n 9rve~ tor the speatic pu~pose of sewnng any ard a~l ~ndebtedness by the
~ " f Maker to Mortgagee Ibut m no event sha~~ the secured indebtedness exceed at any tlme the max~mum prmupal amount set forth in ih~s
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- p y,.~i paragraph) in whatever manner thn mdebiedness may be evid2nced or represented, unUl th~s Mortgage ~s saUSf~ed of record. All cove-
~ nants and ag~eements conta~ned m th~s trlortgage shall be applicable to all turther advances made by Mortgagee to Maker uncier thn
~ ~ future advance clause.
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I j~ Should any of the above covenants be broken then the Note and all moneys secured hereby snall, without demand, ~f the
w Mortgagee, so elett, at once become due and payable and th~s mo~tgage may be (oreclosed, and all costs and expenses oi coUecho~ and
op reasonable attorneys' fees, mcludmg costs, expenses and reasonable attorneys" tees on appeal, 1f colleued by legal proceed~ngs or
x through an aTtorney at law, shalt be pad by the Maker, and the same a.e hereby secured.
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~ IN WITNESS WHEREOf, the Mortgagor has executed th~s Mortgage as the dat ~rst above set forrh.
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Sgned, sealed defwered / y ?
in our pre . ~ + ~ ~
. ~ ~n__~ _~E7~~.-~
(SEAl)
, IMortgagor -
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~ _ (SEAU =
~ / (Mortgagar
~ STATE OF Florida ~
~ COUNTY OF St. Lucie ~ ~
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~ I HEREBY C~R'rIFY, thu on th~s day, betore me, an off:cer duly auth nze5f m the ~~ate, aforesa~d and m the County aforesaid
9''~p y Korbin & Ma Cattierine Laiminger -
co take ack~owled ments; ersonall ~~pprared ~ to me known to be the person descnbed =
~ m arxf wtw executed the iore9omg ~nstrument and acknowledged before me that they_ executed the same.
WITNESS my hand ancl o~f~c~at seal ~n the CountY and State last ore ~d th~s 2nd ay a~ December , $
A D., 19 ~
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