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HomeMy WebLinkAbout0408 uIRECT HOME IMPROVEMENT M~RTGAGE ~~~~03 , f ~ w~TH FUTURE AOVANCE y ~ ~ 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. - This is a second nbrtgage ~ . ~ ~ ' ~ ~ 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 , _~f:~ Cle?t C~rcuit CouR. S~ lucis. Co.~ o- M~hy Il 9 u~ AN'?~ • ~ - : t ; ~3 . _ ~ . ~Q~ - ,~03 0 ~ ~ ~ ~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. ~ - - ~ " 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. ~ ~ ~ 1N WITNESS WHEREqF, the Mortgagor has ezecu~ed th~s Mortgage as oi ~he date i~rst above set forih. ~~C..i 1 Sgned, sealed a etrvered , ' ~n our c _ ' ' ISEAL) C.B rimsLi~}r«9~~? , . , ~p:~.-• ~ 1~~~~~ ? Lena Gr 1~ ~ sTarE oF Florida ~ ~RJe~"'f~'~~ • i , 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 ~ 6 ~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 - ~ ~ . . /~vi1 / ' t ~ ~ ~f~ : [y G 4 ~ - ~ s /1 . K.J, ! : ' t' . 1 :'~r= f1lOtery Publ~t ' ~ • ~ O~ • - b; . 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~. _ _ M y - '~~z:`~ia-ry r _ _,.zy r t•:~~:.. - ~ .~`~s - ~~~'x,:~ .