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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: i Lot 3, Block 1, HIBISCUS PARK as per plat book 8, page 11 ~ ~ of the public records of St. Lucie County, Florida. / 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 ~ (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. . ~ ' ~w.~ ! 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. • i 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 $t. Lucie ~ i vi~. . . ' ~ ~L~ Y I HEREBY CERTIFY, that on th~s day, before me, an otf~dulyyptlip~i~0~-~1_Lhe State aforesad and m the Coumy aforesa~d ~ to take acknowtedgments, perspnally 3ppzareQ ~•g• ~ to me known to be the person dex~~bed m and who executed the to+ego~ng ~nstrume~[ and ~ ,~~Ap • b;tore me that hp executed the same_ ~ ' . V~ . WIT~~SS my hancl and offic~ai seaf ~n the County and StaYe ese~ th~ ' day f__~$X , A-D-.19 . ! ~ ~ ' ~ f .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...,,,~~~.~,. ~ - ~ ~~~~~w~~~~~ - - - '