HomeMy WebLinkAbout0408 uIRECT HOME IMPROVEMENT M~RTGAGE ~~~~03 , f ~
w~TH FUTURE AOVANCE y
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THIS MORT~'aAGE, made th~s 10 cfay of ~y , A.D., 19 78 , between'
~~.8. Gri.msley and Lena Grimsley ~ ~Mo„~~~ a„a
Sun Bank of St. Lucie Couuty ~Mo~~~:?:
lName oi Su~ Bank)
WITNESSETN, that Mo?tgagor, for and ~n cons~dc~atwn o1 the prem~ses and ~n order to secure the payment oi thP pnnnpal and
~nterest on th~ nott las hereinattK del~n4d), Moitgagor he~eby grants, au~gns t~ansters and mortgages to Mo~tgagee, ~ts successo~s and
au~yns forever, the loNowing desc?~bed real property in S~. I-uc+e - ca,~~v, Fbrda. to w~t:
Lot 1, Block 2, Swnny Acres Subdivision according to Plat thereof in Plat Book
II, Page 251 public records of St. Lucie County, Florida.
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This is a second nbrtgage ~
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~ R~plvsd • In Pay~r~n Of Taxss
• f~~E~ ~+KG K'cC:in~Eu p~pn Cless "C" IntsnpibleP+~qontlPropsrty
~ ST. ~UC~E COUNTY ~ t.d •
RGCEr. t~l'RAS Pursuant To Chsptst 71. 134, A~Ctt Of 1871.
. . • :lfr~ ~ C".IT ~^Ui." ROGER POlTAAS • r
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Cle?t C~rcuit CouR. S~ lucis. Co.~
o- M~hy Il 9 u~ AN'?~ • ~ - :
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~ ~1~ f(here~nafter refxrred to as the Mwcgaged Propertyl; and ihe Mortgagor does hereby fully warrant the tiUe to the Mortgagecf Property }
Ju~ ~ aod w~U defend the same agamst the lawfui clarr?s o( a11 persons whomsoever. - -
t PROVIDED A~WAYS, that ~t C•B. 8Ad I+CII8 Grimsley , the Maker(s) oi ihat
~ ~ (Insert Namelsll ;
' G~t~ ~ certain promissory note dated the date he~eot (the Note1, thei~~rs, 1e9a1 represemauves or ass~gns sha4 pay to Mort ~
~ gagee
Wa the pnnapa~ sum ot S~34S . 44 as ev~de~ced by the Note, with interest and upon the terms as provided therem, the ~ir?al ~
~ 2> s. mawrrty date oi the Mote and of thn ~Aongage be~ng 11. , 1g , which Note provdes that.
W all installments ot
W~ principal and mterest are payable at the off~ce of Mongagee, or at wch other place as the holder may des~gnate in €
O~~~~ N vw'ti~g, and that each maket_ and e~dorser ag~ee tq pay all costs of collection, including a reasonable attorney's fee, upon default in the ~
V ~o Payment of the Note, and~that if default be made in the payment oi any installment thereunder and that ~i siuh defau~t is not made
0 p'y, good in accordance wrth the terms oi the Note, that ihe e~tire principal wm and accrued, earne,d intefest shall becomedue and payable ~
~~p pjj~~~~~~~ without not'ce at the option of the holder thereot; and shall per(orm and comply w~th each and every n~pulation, agreement and cov-
enant of the Note and of this Mortgage, then this Mortgage and the estate he.eby createci sha11 be void, otherwise the same shall remain ~
8 O in full force. Maker covenants to pay the mterest ard pr~ncipal promptly when due. Mortgagor covenants to pay the taxes a~d assess- ~
ments on sa~d property; to carry inwrance against fue on the bu~lding on sa~d la~d rtor ~ot Igss than S na , approved ~
~s1Nf lUC1E by the Mortyagee, w~ih standard mo?tgage toss clause payable to Moitgagee,.the pol~cy to be held by the MortgagEe a~d to keep the
"vOYKTT . bu~ld~ng on sa~d land in proPe? repair. ~
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" Th~s Mortgage shall secure not onty ex~stmg ~ndebtedness, tru~ also wch fWu.e advances, whether wch advances are oblgatory or ~
to be made at the option of Mortgagee, or otherw~se, as are m2de w~thm twenty (20) vears trum the da[e he.eot, to the same extent as ~
~ ~t wch futurp advances were made o~ the date o~ the execut~on oi th~s Mortgage, but wch secured ~ndebtedness shall not exceed at any
~ ; t~me the max~mym pru?c~pal arr,ount of S na plus ~nterest, and a~y d~sbursements made tor the payment `
~ ' of taxes, tev~es, or mw~ance, o~ the Mortqaged P.operty, w,th imerest on wcA disbursements. Any such future advances, wheiher -
~ I oblgatory or [o be made at the opt~on of the Mortgagee, or otherw~se, may be made e~ther prlor to or after the due date oi the Note or
C;r ~ any other notes secured by.thK Mortgage. Tha Mortgage is g~ven for the spec~f~c purpose of secur~ng any and a11 ~ndebtedness by the .
Maker to Morcgagee. fbut m no event shall the secwed ,ndebtedness exceed at any tvne the max~mum prmc~pal amount set forth m th~s ~
~ paragraph) m whatever manner th~s ~odebtedness may be ev~de~ced or rep:esented, u~ul th~s Mortgage ~s saUSfied ot record. All cove- ~
- : nants and agreemen*s co~ta~ned ~n th~s Mortgage shatl be appl~cable to aft funher advances macte by Morigagee to Maker under tha
~ ~ ~ future advance ciause.
z ` ~ Should any oi the above covenants be broken then the Note and all moneys secured hereby shatl, w~~hout demand, the ?
Mortgagee, so et~t, at once become due and payable and ihK mortgage may be toreclosed, and all costs and expenses ot collect~on and ~
~ reaso~able attorneyg' i~¢s, ~nciud~ng Costs, expenses and reasonable attorneys' tees on appeal, ~f collected by ~egal proceed~ngs or
~ through an attorney at law, shall be pad by the Maker, arxf the same are hereby secured.
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1N WITNESS WHEREqF, the Mortgagor has ezecu~ed th~s Mortgage as oi ~he date i~rst above set forih.
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Sgned, sealed a etrvered , '
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C.B rimsLi~}r«9~~? ,
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~p:~.-• ~ 1~~~~~ ?
Lena Gr 1~ ~
sTarE oF Florida ~ ~RJe~"'f~'~~
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, COUNTY OF St. Lucie ~
1 HEREBV CERTIFY, tnat on th~s day, before.me, an ot(~cer du~v auihor~zed ~n the State aforesaKf ond m the County atoresa~d ~
[o take acknowledgme~ts, personally anpeared, C B and Lena G~imsley to me known to be che pe.son descr~bed ~
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~n and who executed the forego~~+g.itfsti,yrj~tht~.if~d ~ theY acknowledged heiore me ihat t~y execu~ed the same.
WITNESS ~x hand and Ottfual•ie~~~'~t CQ~Q1~.end State last aforesa~d th,s 1~ day o ~ , ~
i
A.D., 19 ~f .~(j j~Y;,~~r - ~ ~
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: ' t' . 1 :'~r= f1lOtery Publ~t ' ~ •
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f?J,•~~. ~+t ~ . ~ MY Comm~uan Exp~res: MY CONIMISSION EXPIRES. FE~.11 1980
4-6014-000-7 Rev ` ' ` ' • ~.'t~-`~: B04VD~ T1~tU Cff~ERAI IiJ~ U~DERWRITE~
.8/77 j~ ( r - tti ` E.K~f.,.~a.e~.
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