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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 t of the Public Records of St. Lucie County, florida. 0 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. o _ ~ _ 1 ~ T ' ~ .-J * ~ . ; I 3~ OCE.R PO1jR~5 RO(;EA ~TMS °1 ~ _ ~ti~ : ~ --`-t, _ ~ C!.fQK CtACU Cotlr6 9L FM. t,.q. J ` i .r_'.i~1-~t~ti'E'iui =•~5.,`'i,_J ( rcr-.•-,,;F~ ~IED ~al~lr~ a + ~g _ _ _-r f . 1 J. ~ V ~ EC 5 IZ 4~ PM 4 1 O ~ _ • _ l _'r ' ' ~ ;~~~ss2 ~ a 5_ Q : (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) - 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 : ~ in full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess- ? i 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. O 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 N1 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 ' U - 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. ~ a t 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. z ~ IN WITNESS WHEREOf, the Mortgagor has executed th~s Mortgage as the dat ~rst above set forrh. - ~C _ a ~ ~ Sgned, sealed defwered / y ? in our pre . ~ + ~ ~ . ~ ~n__~ _~E7~~.-~ (SEAl) , IMortgagor - ~ ~ ~ ' t ~ _ (SEAU = ~ / (Mortgagar ~ STATE OF Florida ~ ~ COUNTY OF St. Lucie ~ ~ ~ . - ~ 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 ~ ~ ' ~ ~ Nota+y Pubhc , • • .{T ` ' cc~ ' ` r, • ~ti tM "4+ ~ ' wQ a f ~ - - l:i~. o m~ss~~~~es: , 1{~ p . .~d R . . ~ , ~p ~ ~ - ~ : ~ a eo~a ooa~ R.,, ein SGUK ~ /0 FAGE ~,at, ~::~t 4-c.}.~, _ , . t E.e~ . v.ra~ ~ ~ . . . . - . ~ - _ .