HomeMy WebLinkAbout0547 WITH FUTURE AOVANCE ~~~Vn ¦ V/'1VL. -svvvvv Z
THIS MORTGAGE, made tn~s 16~1 tlay ol _ ~3~L__ . A.U., 19 . I~etween'
0.g. COIDbB _ (Moitya9or) an0 ~
- Sun Bank o# St . Lucie Couaty ^ ~y ~Mo«~?: t
(Nartee ol Sun 8ankj -
WITNESSETH, that More~agor, lor and ~n cons~derae~o~ vf the prem~ses a~+d m order to secwo the paymenl ot the p~~nc~pal and
~n[erest on the ~ote (as he+e,nai~er de~~nedl. Mortgagor hereby grants, ass~gns transfers a~d matrya9as to Mortgagee, ~ts successors and
ass~pns lortver, the lollow~ng dascribed ~eal property Lucie co~,~~v, Fbrda, ~o w~t:
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Lot 3, Block 1, HIBISCUS PARK as per plat book 8, page 11 ~
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of the public records of St. Lucie County, Florida.
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fl~ This is a second mortgage s ~~K ~t T
Ow On Class "C" t~ ~W Pirq~~
Pu?su~nt To CMPa? 71. 134
/ . ~?~oe. a ~a».
AGOEJ~ PW TRAS
~ut' St' ~a~cJ~.
S~~ATE oF FLC~RIDA 1 aT~
uciE CouMjY F~~ -
DOCUAAENIARY STAMP TA3:.~ ~~~~RP~~TRAS .
~ CIERR CtRCU~T COURT
DEPT.Oi REYENU£ c s ' ~r. r,~~ ~cq~F1E0
_ p~ _ w?r~rn ~ : ~ ~ ~ ~ PN
_ . 5 11 .
~ ~ i2 31
~„~~.Z ~ M~Y
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(here~naiter referred to as the Mortgaged Prope.tyl; and the Mortgagor does hereby futty wa~ra~t the t~tte to the Mortgaged Property
and w~it detend the same agamst the lawtu~ claims of all pe~sons whomsoever. „
PF~OVIDEO ALWAYS, that if ~•E. COIDbB ,~be Makerls) of that
f Insert Namels) l
certa,n prom~ssory note dated the date hereol (the Notel,~a~ he~rs, legal represema~+ves or ass~g~s.shail pay to Mortgagee
the pnn~,pal sum of $ 6631. 20 as ev~de~ced by the Note, wit~ ~n~erest anci upon ~he terms as prov~ded therem, the finat
matunty date ot the Note and oi th~s Mortgage be~ng ~Y 16 , 1g , wh~ch Note prov~des that
all instalime~ts Oi pr~nc~pai and interest are payable at the office oi Mortgagee, or at wch other ptace as the holder may designate in
~ vKRmg, and that each maker and endorser agree to pay ait costs of collectiors, ~ncluding a reasonable attorney's tee, upon de~ault in the j
payment oi the.Note, and thai if deiault be made m the payment ot any installment thereunder and that ~f wch default n r±ot made
good ~n accordance w~th the te~ms ot the Note, that the ent~re prmcipal wm and accrued, earnecl ~nterest shall become due a~d payabte
withoui nonte at the option of the hofder thereot; and shal! perlorm and comply w,th each and every sUpulatan, agreeme~t and cov-
enant of the Note and o( th~s Mortgage, then th~s Mortgage and the estate hereby created sha11 be vo~d, otherw~se the same shall rema~n
~n fu11 force. Maker covenants to pay ihe interest and pr~nupal promptly when due. Mortg~cjor covenants to pay the taxe~ and assess-
ments on sa~d property; to carry msurence agamst fire on the bu~ld~ng on sa~d land tor not Iess than S na , approved
by the Mortgagee, w~th standard mortgage loss clause payable to Nlo.tgagee, the pohcy to be held by the Mo~~gagee and to keep the
bu~ld~ng on sa~d Iard ~n proper repa~r.
~ This Mortgage sha~t secure not only exrst~nq mdebtedness, but also wch tutu.e advances, whether wch advances are oblgatory or
to be made at the optio~ ot Mortgagee, or otherw~se, as.are made w~th~n twenty (20i years irom the date hereqt, to the same extent as
1~ ~f wch fu(ure advances were made on the date of the execut~on of th~s Mortgage, but such s¢cur~ mdebtedness shaN not exceed a± any
~J ~~I~ ume the max~mum pnnc~pal arr.ount of S n3 plus mterest, a~~d any d~sbursr.ments made (or the payme~i
W~ of taxes, levies, or ~nsurance, on the MorEgaged Property, w~th ~nterest o~ wcfi d~sbursements_ Any such luture advances, whethe~
y~ ~ ob~gatory or to be mede at the opUOn of the Mortgagee, or othe~w~se, may be made e~ther pnor to or atter the due date of the Note or
any other notes secured by th~s Mortyaye. Thn Mortgage ~s gwen for ,he specd~c purpose of secunng any and aN ~ndebtedness by the
Maker to tdorigagee ~bui in no eve~t shall the secured ~ndebtedness exceed at any tune the max~mum pnnt~pal amount set forth in th~s
=~~T' ~ paragraph) m whatever manner th~s lndebced~ess may be ev~de~ced or rep:esen[ed, unt~t th~s Mortgage ~s satnf~ed oi recwd. All cove- i
nants and agreements conta~ned ~n th~s Mortga9e shall be appt~cable to alt further advances made by Mortgagee to Maker urx/er rhrs
~ ; future advance clause. . ~
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Should any ot ihe above covenants be broken the~ the Note aod all moneys secured hereby shalt, withou~demarxl, ~f the
' Mortgaqee, w etecr, at once become due arxf payable arxi th~s mortgage may be foreclosed, and all tosts a~cf expenses ot coHecuon and
~easonable attorneys' fees, ~nclud~ng costs, expenses and reasonable atiorneys' fees on appeat, ~f collec~ed by legei proceed~ngs or
through ar, attorney at taw, shall be pa~d by the Make~, and the same are h¢reby secured.
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Q~ ~ tN WITNESS WHEREOF, the Mortga9or has executed th~s Mortgage as of the date t~rst above set ~orth. -
S+gned. sea~ed and deirvered
m o presenc¢: ~
- ~ o CL-.?~
"~GS.~-- ~ ~~t_/~ ~ - iSEAL)
~ • O]pbgMortgagorl
- ' _ ISEAU
( Mor t g8gor ~ ~
szaT€oF Florida ~ ~
~
COUNTY OF $t. Lucie ~
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I HEREBY CERTIFY, that on th~s day, before me, an otf~dulyyptlip~i~0~-~1_Lhe State aforesad and m the Coumy aforesa~d ~
to take acknowtedgments, perspnally 3ppzareQ ~•g• ~
to me known to be the person dex~~bed
m and who executed the to+ego~ng ~nstrume~[ and ~ ,~~Ap • b;tore me that hp executed the same_ ~
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WIT~~SS my hancl and offic~ai seaf ~n the County and StaYe ese~ th~ ' day f__~$X ,
A-D-.19 . ! ~
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.Nofary~u~if,~1~-. ' ~
- Baox?.,87 ~ 5~~ MY t~f7fA~Y oURLfC STATF ~ fLihttDK rtZ'.~Jt~~
a-S014000.7Rev.8/77` ~lY CC;t+~atili5t~)N E:~~:i~~ JiC. a',~1 ~
aONik.D itiAl/CX.'tit~tAl INS- i1P:U;~r~itll:z5 c...,,,~~~.~,. ~
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