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Home My WebLink About0767 u1RECT NOME IMPROVEMENT MORTGA~E `~W~S / '::I7N FUTURE ADVANCE 1 THI$ MORTGAGE, made ~h~s 24 _ dav of M~et1 . A.D.. 19 1.~-.- , between ,~tllie W Merryman and Barbara A Merry~p8~, hia s,dfe _ tti~o~:93yo~? a~ Sun Bank of $t. L~.ie Countv tnrto~c~ee?: . O INameof Sun Bank) ' ~ WITNESSETH, that Mortgagar, for and ~n tons,derat,on of the prem~ses and in order to secure the paymer.t oi the princ~pal and ~ interest on the note tas heremaiter deimedl. Moitgagor he~eby grants, assigns transiers and mort9ages to Mortgagee, us successors and l y' ~ ass~9ns torever, the lollow~ng descr+bed real p~ope~ty ~n $t. Lucie Cou~ty, Fwr~da, to wu: . t.~! 1il ~ . Lot 16 and the West 25 feet of Lot 15 less the North 10 feet p _ . thereof, Block 1, Franklin Park Addition Subdivision as per - - plat thereof on file in Plat Book 6, Page 56, of public ~ , ~,.r A -!'~J ^ records of St. Lucie County, Florida. .~~'y ~!It ~ ~ 11~oNwd ~ M h~K Of Ta~ l~- ~ y Ow On Clsss •.C•• ~ This is a Thi~xd Mortgage ~u?wsm To C ~~~~~h• ~ ~++vw ~1.131„ Aor Oi ~71. ~ ~ f'lE~ ~ll~a RECtNtOEG RO~iER POITRA$ ~ ' ST.ibqE coWrTY Fi~?. c~ Cncui~ ~9 ROCEF POtTRAS ~M' ~ h ' ' ~Cl~l: CCL I l ^jf R ~ ` ~ ?9 3 ~ u PN'~F ~ . :3~6t2"75 ` (here,nafter referred to as the Mortgaged Property); and the Mortgagor does hereby fu~ty warrant the t~tle to the Mortgaged Property ' d arxl wiil defe~d the same aga~nst the lawful clauns of all persons whomsoever. ~ PROVIDED A~WAYS, that ii Ril 1 i P W and Rarhg,Ta A Merrvman , the Make~fsl ot that ~ (Insert hamelsll ' ~ certa+n promissory note dated the date hereoi (the Notel, their beus, tegal representauves or ass~gns shall pay to Mortgagee - ~ the pr~nupal sum of $ 10 ~ 321 . 92 as ev~denced by the Note, w~th interest and upon the terms as prowded there~n, the t~nal ~si maturity date of the Note and oi this Mortgage be~ng ~Cti 21 , 1g ~~L~ , wh~ch No~e prov~des chat ~ all mstallments of principal and ~nterest are payable at the otfice of Mortgagee, or at wch othe? place as the holder may des~gnate ~n r~ w?iting, and that each maker a~d endorser agree to pay all costs of collection, inciudmg a reasonable atto~ney's fee, upon default m the J~ payment of the Note, a~d that ~f default be made in the payment of any installmer~t thereunde? and that ~f wch detault is not made good in accordance with the terms ot the Note, that the entire prinupal.wm and xcruai, earned mterest shalt become due and payable s w~thout nohce at the opuon of the holder thereof; and thaU periorm and comply wrth each and every st~pulatan, agreement and cov- enant of tNe Note a~d oi this Mortgage, then this Mortc~age and the estate hereby created shall be vord, otherw~se the same shalt rema~n ~n full force. Make? covenants to pay the interest and pnnc~pal promptly when due. Mortgagor covenants to pay the taxes and assess• ~ me~ts on said prope?ty; to carry i~surance aga~nst fire on the buildmg on sa~d la~d (or not less tt~an S n~a , approved by the Mortgagee, w~th standard matgage toss clause payable to Mortgagee, the po~~cy to be hefd by the 1Aortgagee and to keep the ; budd~ng on said land in proper repair_ 4 This Mortgaqe shal! secwe not only ex~sting ~ndebtedness, but aiso wch tutwe advances, irvhether such advances are oblgatory or to be made at the opt~on of Mortgagee, or otherw~se, as are made w~thin twenty 120) Years irom the date hereot, to the same extent as it sLCh future advances were made on the date oi the execuhon of this Mortgage, but such secu~ed rndebtenness sha11 nat exceed at any ~ ~ time the max~mum pnncipal arrount oi 5 n~a plus ~nrerest, and a~y d~sbursemenis made for the payment i ~ of taxes, tewes, or insurante, on the Mortgaged Property, wrth i~te~est on wch disbursements. A~y such future advances, whetber ~ oblgatory or to be made at the opt~on ot the Mortgagee, or otherw~se, may be made either pr~or to or af~e. ihe due date oi the Note or _ f+~ any other ~otes secured by this Mortgage. Th~s Mortgage is g~ven tar che spec+f,c purpose of secunng any and a11 ~ndebtedness by the j _ a p,i Make. to Mortgagee Ibut m no event Shall the secured intlebtedness exceed at any tlme the maximum principal amount set forth in th~s ? _ n paragraph) m whatever manner th~s rtxlebtedness may be evidenced or represented, unul this Mortgage ~s sa[isi~ed o( record. AII cove- ~~i nants and agreeme~ts conta~ned ~n th~s Mortgage shali be apphcabie io all fwther advances made by Mortgagee to RJlaker under th~s ~ ~ future advance clause. j~~~ Shoutd any oi the above covenants be broken then the Note and alf moneys secured hereby shalt, w~thout dema~cl, ~f the x~ kiortgagee, so elect, at once become due and payable and th~s mortgage may be forec~osed, and alI costs and expenses ot co~~ect~on and reasonable attor~eys' f¢~, ,nclud~ng costs, ~expenses and reasonable attorneys' fees on appeal, ~i collected by legal proceed~ngs or thro~gh an aitorney a[ law, shall be pa~d by th¢ Maker, arxi the same are hereby secured. - c~ IN WITNESS WHEREOF, the Mortgagor has executed th~s Mortgage as of the date hrst above se~ torth_ = ~ - : ~gned, sealed and del~vered m our pre ce: _J~'' ~ W - ~L~ ISEAL) B lie W Mer~ ` . - ~ ISEAI) ~ arbara A. M~9E~~~ STATEOF Florida_ ~ St. Lucie ~ COUNTY OF . 1 t < I HEREBY CERTIFY, that on th~s day, before me, an oft~ce~~ly~wuftwi~zed m the State aFOresa~d arxi m the County atoresard to take acknowledgments, pe~sonally appPared Bi12ie ii1 b~ Bgcbara'A~~iBr2'~~lrne known ro be the pzrsondescrebed m and who executed :he forego~ng ~nstrument and t•~~~~o~Jgdg§d befOre me that they ezecuted tne same. t WITNESS my hand and otfiual seal ~n the County and Swte 1~it for ?d th i - 2~ : day of Mareh , i A.O., t9 __2$_._ . ' ; =~~c'?' ~ 1 t ~ >c t~ i a0~%~8~ PAGE 76~ "Y~vPya~t M Corr+m Ks ~ ~ j MY ~M{SSION fx1lRPS OK. 27 19t1 4 6014~000 7 Rev 6/77 . ~ ~pN~ ~1~{! (~tJER/t! ~NS lJl`'DERWRIIERS E eKO~~~s D.Kf ~ ~ : _ { - - ~fq . _ .