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~.
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~ C! f ~X ^>RGUtT Cfl
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;`+o J~n 10 I! ~ ~ AM'7~
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' ~ ' M ~ ~ 40'7454
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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.
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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 ~
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- ! 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
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;;;~(,{~~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~.
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`-+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 ~ -
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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
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and who executed the fpre9o~ng ~nstrument arxl t~ ~t~vviedpl~' bttore me that they oxecuted the same.
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~ 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~~: ~ } : ~ - -
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