HomeMy WebLinkAbout0980 DIRECT Hl)ME IMPROVEMENT MORTGAGE 4~~59'7'7 /
::'tTl1 FU7URE AOVAMGE ( 1,
1
THIS MORTGAGE, made tn~s ._.~s~~_ day ol . , A.U., 19 , betwsen'
, ~.¢-y~~,,,~~ ~ (Mo~tgaqor) arxf
Sun Bank Qf S~, Luci~ unt,X _ IMor~9ageel;
(Name ol Sun 8ank1
• ~
WITNESSETH, ih8t Mo~tqago~, for and ~n cons~de~ahon oi the prem~ses and arder to seture ~he payment ot the pr~napal ard
~nterest on the ~o~e (as ~ere~nslter det~nedi. Mor~gagor heret~v grants, au+gns transfers ancf mo?tgages to Mortgagee, ~ts suctessors and
au~yns fo~wer, the toUOw~~9 dsscnbed real property ~n St. L~cie Coumy, Fbrda, to w~t:
I.ot 9, Block 1, Sffi~QNOLE PARK S08DIVISION, as per plat thereof ~
on file in Plat Book 10, Page 11 of the public records of St.
Lucie County, Florida. ~ ~
Recehrsd t ~R p~Ymsnt Of TaxN
This is a second mortgage. oue On Cisss "C•• Ima
/ ~pibis itirsonal PrcpKt~r.
~u?5uant TO ChaptM 71. 1~4. ACb Q/~7~.
' l ROGER POITp/~ ~J`-''
~ ('lerw C~rcuit COUtt. S~ luCie. CO.. FN.
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ST~ItlCiE COUN?Y fia _a . _ _ _ ' -
ROGE~ POititAS `.~T!-~"T'C= c,.- t_ • ~=2 i iJ I
' ~ taK C;RGtf1~' COURi UUCUN.t"J;A1~'1',~-~....;, STIAMF TA i: I
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Ihere~nafter reterrec~ to as the Mongaqec! Property); and the Mortgagor does hereby fully vrarrant the i~tle to the Mortgaged Property
and w~il defend the same aga~nst the lawfu~ Na~ms ol all pwso~s whomsoever. ~
PROVIDEO ALWAVS, that ~r LutlLr E Barker and Audrey~ne Sarker , the Makerls) oi that
jlnse?t Alamels?1
ce.tam prom~ssory no[e da~ed ihe date hereof hhe Note1,-L~.~- he~rs, Iega1 repre:en~at~ves or eu~gns shaU pay ~o Moregagee
the princ~pai sum of $ 18 ~ 44Q.4Q M¢y,dm~ed by the Note, w~tA ~n~erest and upon the teims as provided therem, the f~~al
maturity date ot the Note and of this Mortc}age be~~g .]~ae 6 , 19 , wh~ch No~e prov~des that
- a!1 mstallments ot pr~nupal and mterest are payable at the off~ce of Mortgagee, or at wch other place as the holder may des~gnate io
wriung, and thai each :naker and endorse~ agree to pay all costs of cotlectw~, includmg a reasonabte attorney's fee, upon default in ihe
payme~t of the Note, and ihat ~f defautt be made ~n tAe payment of any mstaNment thereunder and that d wch default ~s not made
go6d m accordance w~th the terms of the Note, that the ent~re principal wm and accrued, earned ~nterest shall becorne due and payable
wrthout not~ce at the opt~on ot Ihe holder thereot; and shall perform and comply w~th each and every st~pulatwn, agreement ancf cov-
enant of the Note and ot th~s Mortga9e, then tn~s Mortgage and the estate he.eby cieated shaU be vo.d, otherw~se the same shali remam
in futt torce. Maker covenants to pay the Interesl a~d prlnapal prompUy when due. Mortgagor Covenants ro pay the taxes and assesi-
menis on sa~d property; to cany ~nsura~ce aga~nst fKe on ihe bu~id~ng on sa~d land (or not less than S ~ , app~oved
by the Mortgagee, with starxiard matgage bss dause payabie to Mortgagee, tne pohcy to be hekf by the Mortgagee and to keep the
budd~rtg on said land in proper repau .
Th~s Mortgage shall secure not only ex~st~ng ~ndebtedness, but also wch iuture a[ivances; whether wch advances are obl~gatory or
to tre made at the opt~on o( Mo~tgagee, or otherw,se, as are made w~th~n twenty 1201 years irom the date hereof, to the same extent as '
~f wch future advances were made o~ ihe date o~ the execut~on di th~s Mortgage, but such secur¢~1 ~ndebtedness sha~l not exceecf at any
; t~me the max~mum pr~nc~pal arr,ount oi S na ptus ~nte~est, and any d~sbursements made tor the payment
~ of taxes, lev~es, or ~nsurance, on the Mongaged P~operty, w~th ~nterest on wch d~sbursemems. Any wch future advances, whether
~ ablgatory or to be made at the optron of the Mortgagee, or otherw~se, may be made either pr~or to or aiter the due date of the Note or
C any other notes secured by thK Mortgage. ThK Mo*igage ~s grven tor the speui~c pu~pose of secunng any and all ~ndebtedness by the
Maker to blortgagee (but m no event ihall the secured indebtedness ezceed at any i~me the max~mum pnnapal ampunt srt forth rn th~s
paragraphi m whatever manner thes +ndebtedness may t~e evdenced or rep:esented, unt~1 th~s Mortgage ~s sat~shed o~ record. All cove-
~ nartts and agreements conta~ned ~n th~s Mortgage s?~all be appl~cabte to atl furthe~ advances made by Mortgagee to Maker under th~s
~ ~uture advance ctause.
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z Should any of the above cove~ants be broken then the Note arxf atl moneys secured he~eby shall, w~thout demand, ~t the
~ Mort
gagee, so elect, at once become due a~d payable and th~s mwtgage may be fo~eclosed, a~d ali costs a~d expen~s pf coilect+on and
reasonable atrorneys' ~ees, rnclud,ng cosis, expenses and [easerabte attorneyi fees on appeal, ~f colleaed by legal prp~¢~mgs nr
r through an attorney at law, shall be pa~d by the Maker, and 1h~ same are hereby secured.
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- iN W17NESS WHEREOF, thP Mortgagor has execu~ed th~s Mortgage as o( the date i~rst abc~ve set (orth.
$~yn~~afecl a~d detwerv_d
m O pr sznCC~ ~
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t~/ L her E Barltrt~t~~~
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_ ISEALI
• Audrey i ° ~r
STATEOF plorida ~ ?
1
COUNTY OF $t. Lucie ~ r~.~"~
1 HEREBr CERTIFY, thac on t?~~s day, befa~e me, an off,~er ~js• ut ~~ie'~•~ '
_ ~QW 40 ~ct' ~',t~ State a(oresa,d and ~n the County afo.esa~d
to tatce acknowiedgments, ~sona~~v aovea~ed Luthex E:~88l~Y ~nd Au r~.w~~~~y~~~~
per~on dexr~bed
~ ti i ~~lJ . ~ . .
~n and who executed the to~ego~ng ~nst~ument a~d they: a~knowte~ged~l0~e me ~hat ~heq eaecuted the same.
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_ WITN~S~ my hand and off~c~al sea~ the County and StOt~1a a~d th~v~ ''t h da~ ot J~e , i
A D.. 19 7 t..~v : {
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Notary t/~~i:.,» r
sT~ o~no+~ro~c xrutt~ ~
° k 288 PACE 978 ""Y
BUuX p~r cca~+~ussiar ~,r~s ~c . ~ ~ iv ~ r ~
4-6014-0047 Rev. SI77 W$e t~TEDt.RWii 1E~iS E....,~T. R.~.
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