HomeMy WebLinkAbout0146 DiRECT HOME IMPROVEMENT MORTGAGE ~~B~S /
wlTH FUTURE ADVANCE ` /
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THI$ MORTGAGE, mxle th~s ?4th _ _ ~aY p~ Mare~_______ , q 0, 19 , between
~ Sherlock Fields, _and_Ethel FieZds, his wife, ,ti,,,,ty,~,~i
_s~ui Bank of S.~ i~.~~~~.i P ~~t~nt-T. Vircr r~i. ~venue B~S~~~ (Mortyageel:
~Name ol Sun Bank)
WITNESSETH, that Mo~~gayor, lo~ and ~n cons~derat~on of the p~em~ses and ~n Order to secure t~E payment ot the ~~nnapal and
~ncerest on the ~te las ne~e~natter dei~nedl, Mo~tgagor hereby grants, ass~gns transfers arxf mortgages Io Mort9agee, ~~s successors and
ass~ ns torever, the fotlow~ descr~bed real ro ert m_ St. Lueie
9 ~9 P P Y CoAnty, Fbrda. to w~t:
Lot 6, Hlock 528 0~ Port St Lucie, Section 10,
according to the Plat thereof, as recorded in
Plat Book 12, Pages 49 and 49A through 49G of
the Public Records of St. Lucie County, Florida.
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, _ . s . ' ~ . - . ~ 1 3. ~ ~J ~ Received 8
_ . , a~ ~ ~n p~yms~t Of Taue~
- D 7 ~ Oue On C1asa ••C•• tntarqibls P'snonal Properry
T ~iuFi pursuant To Ch~ter 7!, 134. Acts Of 7 1. •
~ ~3~ t~°C~u~~Y ~~d ~
?~ITRAS ROGER POITRAS ~
T , e .'';U i. C I 8? 1 C t r
C U i t C
W 1R. SL U C 1~ CO. F~.
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~ (here~natte~ referred to as the Mortgaged P~opertyi: arx! the Mortgagor does hereby fu?ly warrant the uUe to the hlortgaged Property
> and w~il defend the same agamst the lawful claims of all persons whomsoever. '
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~ PROVtDED ALWAYS, that +f ~hprlock._.ar~ Ff'}1P~. F'~ , the Makerlsl ot that
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_ ce.tain prom~ssory noce dated tAe date hereof (the Notel, t'hP he~rs, Iegal representatwes or ass~gns shall pay to Mortgagee
the pr~nupat sum ot $ 86 38 . 5~ ~~,denced by the Note, wrth ~nte~est and upon the terms as provided therem, the hnal
^ mamrhy date of the Note and of th~s Mortgage bemg Mareh 26 ,~g 85 , wh~ch Note prov~des that
. all ~nstaltments ot pnnc~pal and ~nterest are payable at the office of Mortgagee, or at wch other place as the holde~ may designate ~n
wrurng, and thai each maker arxi endorser agree to pay all costs oi ~otlection, includmg a reasonable attorney's ~ee, upon default in the
payment of the Note, and that it default be made ~n the payment ot any installment thereunder and that ~f wch detault ~s not made
good in accorda~Ce w~th the terms ot the Note, that the entire principal wm and accrued, ear~ed interest shall become due and payable
w~thout noi~ce at the option of the hotder ihereof; and shall periorm and camply w~th each and eve~y stipulatqn, agreemen[ and cov-
enant of the Note arxi o~ thls Mortgage, then th~s Mortgage arxl the estate hereby created shall be void, otherw~se the same shatl rema~n
~n full force. Maker covenants to pay the interest and prin~~pai promptty when due. Mortgagor covenants to pay the taxes and assess-
ments on said prope~ty; to carry fnsurance agamst f~re on ihe building on sa~d tand for not I¢~s than S N A approved
by the Mortgagee, w~th standard mort9age Ioss clause payable to Mortgagee, the pol~cy to be held by the Mortgagee and to keep the
bu~Id~ng on sa~d land ~n proper repair_ ~
Th~s Mortgage shall secure not only ex~sting indebtedness, but also wch future advances, wheth~ such adva~ces are oblgatory or
to be made at the option of Mortgagee, or otherwise, as are made w~thi~ twenty 1201 years irom the date hereof, to the same extent as
~ ~i wch future advances were made on the date of the execution of th~s Mortgage, but svch securwi ~ndebtedness shall not exceed at any
_ t~me the max~mum pnnc~pal amount of $ j~j~~~ - plus ~nterest, and any d,sbursements made for the payment
of taxes, lewes, or msurance, on the Mortgaged Property, wrth interest on wch d~sbursements. Any wch future advances, whether
- oblyatory or to be made at the optron of the Mortgagee, or otherw~se, may be made e~ther prior to or after the due date of the Note or
any other notes secured by this Mortgage_ Th~s Mort rven tor the p pose oi secunng any and all ~ndebtedness by the
- , gage n g spec~f~c ur
; Maker to Mortgagee (but in no eveM shall the setured indebtedness exteed.at any tune the max~mum pnntipal amount Set torth ~n th~s
' paragraph) ~n whatever manner th~s ~ndebtedness may be ev~denced or represented, unt~l th~s Mortgage ~s satisf~ed o( record. All cove-
- + _ nants and agreements contamed m th~s Mortgage sha7s be applicable to al1 further acfvances made by Mortgagee to Maker under th~s
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future advance clause.
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~ Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, ~f the
Mortgagee, so elett,.at once become due and payabte and this mortgage may be toreclosed, and atl costs arxl expePSes oi collect~on and F
~ reason~le attorneys' tees, ~ncludmg costs, expe~ses and reasonable attomeys fees on app~l, ~f ~ollected by fegaf proceed~n9s or
x~ ~ ~ through an a[torney at taw, shaH be pard by the Maker, and the same are hereby secured.
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- IN WITNESS WHEREOF, the Mortgagor has executed th~s Mortgage as of the date (~rst above set forth.
- S~gned, aled and delrvered
ur sence: . ~
j ISEAL)
_ ' ~ i J~or[ ~
_.L-. J
i ~ - - ISEALI
1 Mor tgagor )
STATE OF F orida ?
1
COUfVTY OF St Lucie 1
1 HEREBY CERTIFY, that on [h~s day, before me, an off~cer duly aV ~?ed~r~i the State afpiesad and ~n the County aloresaid
9 P V PPPared ~ 1" ~ ti_
to take acknowied ments, erspnall a Sherloek $ ~~l~~e known to be the person described
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~n and who executed the foregoing mstrument and have M~ ~~Qy
ged tSeY~pe~e that executed t?re same.
WITNESS my hand and offiaa~ seal m the County and State'qsyafo ~ t ~ ~ y o Mareh
A.D., 19 ' '
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0 A N°tn,nal~'~~. o~ KoRro~ u?~e
BOOK~4 PA~E MY G~b~~p
~`~'c ` EIfPlRFS APR. 1975
ENEIUI INSURANCF UNt?ERW'RRFRR
4 6014-000 7 Rw 6/77
~ _ F.~..,~nc P~ns
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