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HomeMy WebLinkAbout0309 wiTH FUTURE ADVANCE"~~~ MV1~ 1 V/1VC 4t)~450 THIS MORTGAGE, marle th~s 1~1 dav o~ ~ , A.D., 19 , betwren' Jam~a CarsWell and Valari@ ~arswellF h~ s w+ fp ~~~o„ . ~v~~ ~ a~d . _ Sun Bank of 5t. Lucie County ~ ` ~Mo~~~~: 1Name ol Sun Bank] 4 WITNESSETH, that Mortyago~, tor and co~s~deratwn ot the p~em~ses a~d m order to sewr@ the payment ot the pnnc~pal aM ~ mier~st on ~h~ no~e (as h~~~nat~e. deGnedi, Mort9ago~ 1+e~eby grants, ass~gns transle.s a+x! matgages 1o Mortgapee, rts successors and ~ [ au~9ns forever, t1w o ow~np escr Ca,n~y, Fbrda, [ow~t: ~ Lot Eight (8) in Block 1 of KILL$R'S ADDITION TO LINCOLN PARK, as per plat recorded ~n Plat Book 7, at page 32, of the Public Records of Saint Lucie County, Plorida. ~ - ~ , Aecsiwd • d""•o~~ ~ oue On Ci~ ~ «Ta~ This is a second mortgage. ~~~rsusnt To . Ch~OMr 71.134, I1~q ~ 971. ~ ~OITRI?S . . ^'P`~ $t. Lucis. Co. Fl~. / . . • Yifl,yA ~ - - ~ C! f ~X ^>RGUtT Cfl . , i: r~ ;`+o J~n 10 I! ~ ~ AM'7~ ~ ' ~ ' M ~ ~ 40'7454 + . . 1?1 Ihere~~after referred to as the Mortgaged Propertyl; a• ~ the Mort:•agor does hereby futty war~ant the t~sle to the Mo.tgaged Property and wiN defe~d the same aga~nst the lawfut cta~ms ol s, persons whc, isoever. . j.y~ PROVIDEU ALWAYS. ~na~ ~rJam~es Ca~swell and '1~l,~rie Carswell _.theMakerlsloithat ~ . ~~1.~ - • (Inse~' f~lameisN - T;'` ! oertae~ prom~ssory note datcd the date hereo~ (the Notel, their ?,e,.:, tegat represe~tatcves or auigns shal! pay to Mortgagee ~ i the pnnupa~ wm ot S 1Os 135. ~i~{.. _ M~,den~ed by tne Note, w fi ~~terest and upon the te+ms as p+ov~ded there~n, the linal ~ ~ ' - ! maturity date ot the Note and of ih~s Mo tgage bemg ~~tiae Zti , 19 , wh~c?r Note prowdes that f' -;~~s I a0 insta~lments oi p,~nupal arni mteresr are payab~e at the oil~ce ot Mo?tc ~gee, o~ at wch other place es the hokfer may designate ~n ~„j ~ 1~~1 wrrting, ar?d that ~ch maker and endorser agr¢e to pay all costs o~ cotlect ~nclud~ng a reasonable attorney's tee, upon detault in the . • ~ ac ` payme~t o~ the Note, and that if default be made ~n the payment of any mstaNment thereurder and that ~f wch detault a not made 3 ~f - ~~r- - ,„~l;? good m accordance w~th ihe terms of the Note, that the ent~re prmc~pal y m and accrued, earr?ed ~nte:est shall become due and payable J ;;;~(,{~~i vr~thout noi~ce at the option of the hplder thereot; and shail perform and omply w:th each arxl every st~pula~an, agreement and cov- enant of the Note and qt th~s Hiortgage, then th~s Morcgage and•the estate ? rreby created shall be vo~d, otherw,se ~he same sha11 remain C~ ~ ~ in full force. Maker covenants to pay the ~nterest and pnnupal promptly N ien due. Mwtgagor covenants to pay the taxes and assess- ments on sa~d property; to wrry msurance aga~nst fae on the bu~id~ng on ; land tor not less than 5 na , approved _..ti;t ~UCIE by the Mortgagee, wrrth standard mortgage bss clause payable to Mortga~.~~., the polKy to be heW by ~he Mortgagee and to keep the .viIMTY bu~id~ngonse~d-land+n r . p Ope? repa~r. Th~s Mortgage shatl secure not only'ex~sLnq ~rxlebtedness, hut also wch futwe advanCes, whether wch advances are oblgatory or to be made at the opt:o~ of Mortgagee, or otl~erw~se, as are made w~th~n tvnenty 12W Years trom the date hereof, to the same extent as ~ ~1 such future adva:ices were made on the date ot the execuuon o~ this Mortgage, but such secured mdebteciness sha11 not exceed at any I t~me the max~mum nnu I arr~ount ot 5_ na ~ P Pa pfus ~nterest, and any disbursements made lor the payment ~ ot taxes, lev~es, or ~nsurance, on the Mortgaged Property, w~th ~nterest on wch disbursements. Any wch future advances, whether c~ ! oblgatory or to be made at the option of the Mortgagee, or.otherw~se, may be made e~the: pr~or to or atter the due date oi the Note or j ~ any other notes secured by thn Mortgage. Th~s Morigage n grven for the specdK purpose ot secunng any and ali ~ndebtedness by the `v Maker to Mortgagee (but m no event shall ihe secured mdebteJness exceed at any t~me the max~mum pnnapat amount set forih m th~s s paragraph) ~n.whatever manner tMs rrxlebtedness may be ev~denced o~ ?ep:esented; until th~s Mortgage ~s saUSf~ed o1 record. All cove- ~ f nants and agreements conta~ned ~n th~s Mor~g~e shatl be appl~cable to all turther advances macie by hlortgagee to Maker unde~ thK ~ ~uture advance clause. l ~ ! Should any oi the above covenants be b+oken then ~he Note a~d al1 monEys securP[1 he~eby shaU, w~thout Aemand, ~i the ~ ~ Morcgagee, so elect, at once become due and paYable and th~s mo~igage may be (ereclosed, and a11 costs and expenses df coitect~o~ and - ~easonabie attorneys' f~s, mNud~r~ costs, expenses and rea5onabie at[orneys' tees on appeai, ~f colleceed by legal proceedmgs or ~ Mrough an attorney at I~nr, shall be pad by the Maker, arxf the same are hereby secur~. ~ ~ - `-+Y IN WITNESS WHEREOF, the Mortgagor has executed th~s Mortgage as of the date Lru ahove set fo~th ~ S~ , aled ar~ de+rvered . - p esert~e: r " _ ISEALI ~ ~ ` s sw ~te~f~ : -~___-___f ISEALI larie Cara~ ~ ~ STAT60F Florida ~ - , ' COUNTY OF $t. Lucie I , I HEREBY CERTIFY, tha? on th~s day. be~ore me, a~ ci;tft~ud~ily ayil~pr,red ~n the State aforesarcf and ,n the County atoresa~d : ~i f..,~ ~ - ' to .ake acknowiedgments, perspnally appea~ed 1s'~ID~B_ ~~,~e11 ~;~~~y,gi@ Cg~g~~own to be the person dexnbed . s • and who executed the fpre9o~ng ~nstrument arxl t~ ~t~vviedpl~' bttore me that they oxecuted the same. • ~ ~I _ v ~ WITNESS my hand a~d oft«~al sea~ ~n the Cou~ty and State Wst ~d tnic. -.TsT 1~1 day of June A.D.. 19 . . • ' , ' . _ -~7 ~ . ~ 289 PAGE 309 ~ ~Qaty.P~~: ~ } : ~ - - ~Y~4^'~i ~lRues: . ~ ~NdTn~Y PlTBLICSTJ?Tf !7F'iLOltlb[ /l?Lll?~ ; 4-&014-0OQ7Rev.8/7'7 • Ai4Y~C;M:d~i~SiCk~.;.^,I~ti D~c= 27 1,~1 F...,.~.a.~,~ EC',`, , 1 Tr:! ~ G . . i - ~ r~~~~ ,x~ _ ~ ~ ~ .Y- ~ - - a ~ ~ ~ _t s4 °t ss _ g'* ~s~~ ~ - zu~ s'`'~ ~ r ~ ~ ~~~~~~~~~v".~ s. ~ vs-~ `t ~ .~~:r~ ~~J~~-`»' . 3~Eta.