HomeMy WebLinkAbout0620 viRECT NOME IMPROVEMENT MORTGAGE ~l~r •,~1~~! ~ ~ /
~YlTH FUTURE ADVANCE
THIS MORTGAGE. made th~s ---9~---_-_. day ot _ --3~~~~- - _ _ , A O . 79 , be~wrrn
~ _ Marvin Benng~~~c_.~TSll.i~3~'~~~---------- - ~Mo~i9ayo~? and
Sur~ Bank of St. Lucie Count~__ ~h~o~~~~r~e);
?Name ol Sun gankj
WITNESSETN, that hlongayor, io~ a~xi ~n cons,de~at~un oi ihe piem~ses and ~n o~de~ to arture 11ie payment ot ~he pnnc~pal ancl
~nterest on the note (as here~na~ter def~necf?, Mor[yayor her~~y y~ants, assegns tra~~sfers ane~ mo~tgayes to Moityagee, rts successorsa~xl
ass~gns forever, the tollow~ng descr~ed real propr~ty ~n Coumy, FtoiKla, to w~t:
Lot 18, Block 2 of BLAKELEY SUBDIVISION according to Che plat
thereof recorded in Plat Aook 10 at page 50 of the Public RE-corc~s
of St. Lucie County, Florida.
~ This is a second mortgage.
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(here~nafter referred to as the Mortgaged Propertyl; ancl the Mor~gagor does hereby tu~ly warrant the t~t~e to the hlortga9ecl Property
and w~N defend ihe same agamst the lawiui cla~ms of all persons whomsoever.
PROVIOED ALWAYS, that rf rT~~lh Ben-nett & Julia Parris , the Maker(s) of that
' (Insert Name(s)I
certam prpm~ssory note dated the date hereof (tAe Notei, their he~rs, legal rep~esentai+ves or ass~gns shall pay to W~or~gac~e
, the pr~nc~pai sum of $ 6~87• 4~s ev~denced by the Note, wrih ~nterest arxl upon the ierms as prov~ded there~n, the f~nai
matur~ty date of the Note and of th~s Mortgage be~ng 1-1).-SS , 19 , wh,ch Note prowdes that
~ , alt mstaliments oi pr~nc~pal and interest are payable at the of(~ce of Mortgagee, o~ at wch other ptace as the holder may des~gnate ~n
~ wr m~g, and that each maker and endorser agree to pay alt costs of coilection, ~nclud~ng a reasonable attorney's ~ee, upon default m the
payment of the iVote, and that ~f default be made ~n the payment oi any Installment thereunder and that it such detautt ~s not made
good m accordance wrth the terms o( the Note, that the ent~re pnnclpat wm and accrued, earned mterest shall become due arxi payable
wrthout not~ce at ihe option oi .he hoider thereof; and shall pe•torm and comply wrth each and every st~pulat~on, agreement anci cor•-
enant of the Note and o( th~s Mortgaqe, then ih~s Mortgage and the esiate hereby ueated shall be void, otherwise the same shall remam
; . :n futl torce. Maker covenants to pay the interest and pnncipai promptty when due. Mortgagor covenanR ro pay the taxes and assess-
ments on sa~d property; to carry msurance against Gre on the bu~id~ng on sa~d land tor not less than S , approvecl
by the S1Aortgagee, w~th standard mortgage loss clause payable to Mortgagee, the pol~cy to be heid by the Mortq:x~ee and to keep the
bu~ld~ng on said land +n proper repair.
~
\ Th~s Mortgage shall secure not only ex~sung ~ndebteclness, but aiso wch future acfvances, whether such acivances a:e ob!~garory or
to be made at the opt,on of Mortgagee, or otherw~se, as are made w~th~n twenty (20) years (rom the date hereof, to the same ex[ent as
. rf s~~h tuture advances were made on the date ot the ezecut~on of th~s Mortgage, but such securecf ,ndehteciness shali not exceed at any
_
- L! t~me the max~mum pnnc~pa! amount oi 5- plus ~nteresi, and any d~zbursements made for the payment
_ of taxes, lev~es, or msurance, on the Mortgageci Property, w~th ~nterest on wch d~sbursements. Any such future advancez, whether
_,,.t \,f obigatory or to be made at the opt~on of the Mortgagea, or otherwise, may be made e~ther pr~or to or after the due date oi the Note or
- • ~ any othe~ notes secured by this Mortgage. Th~s Mortgage ~s g~ven for the specrf~c purpose of secunng any and all ~ndebtedness by the
- hlaker to Morigagee (but in no event shall the secured mdebterlnes5 ez~eeci at any time t1~e max~mum pnrtc~pat amount set forth en this
' paragraph) ,n whatever manner th~s ~ndebtedness may t~e ev~denced or represented, unul th~s Mortgage ~s sat~sf~ed of record. Ail cove-
f. L,,~{ ~ nants and agr~ments conta~ned ~n th~s Mortgage shall be appticable to all furthe: advancef made by Mortgagee to Maker under thls
~ future advance clause.
~
~ .
~ Should any oi ihe above covenants be broken then the Note and all moneys securecf hereby shait, w+thout demarxi, ~t the
•,j Mortgagee, so etect, at once become due and payabie and 1h~s mortgage may be forectased, and all costs and ezpenses of ~oilecr,on and
~ tiF ~eason~le attorneys' fees, ~ncluA~ng costs, expensez and reasonable attorneys' ~ees on appeat, ~f colieued by tegal p;oceecf~ngs ar
through an atrorney at law, shail be pa~d by the Maker, and the same are hereby secured.
I ~ t,.
IN WITNESS WHEREOF, the Mo~tga9or hdS Pxecuted th~z Mortgaye as of ,he date f~rst at~ove set forth.
_ . .
Sgned,-seaied and de~wered
in Our prB ~@:
" `r°~__" ~ l~(~ / C?'~~~~~?zs/c!"" iSEAU
, ; (hlor c a~or~ - ~
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~-~~~~~1~ IS~ALI
, Ihlortuayor?
STATEOF Florida ? •
Lucie ~
COUN7Y O~• ~ _
I HEREBY CERTIFY, that on th~s day, before me, an oft,cer duly aV{~q~
~zed m the Ssate aforesa~d ~nd m the County a~oresa~d
to take acknow~edgments, personally oppPar~ Marvin Bennett ~t ~~a4a Par~a~e known to be The person de>cnbed
` a, . . . . . . s ~ .
~n and who executed the forego~ng ~ns!rument and they f .•'ack~ow~edgecYbetore me rhat thev executed the same.
WITNESS my hand and ofi~c~a~ seal ~n ?he County and State lasi ~O~ ~d this r~}}___._ c~ay of
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