HomeMy WebLinkAbout0311 o~NECT HOME IMPROVEMENT MVK I V~VC
wiTH FUTURE AOVANCE ~~~~~5~
THIS MORTGAGE. made th~s ~6 clay ol _~~e - . A.O., 19 1$___ , l?etween' -
Willie C Landers auad Gertrude M Landera, his ~dfe _ ~t~+o~~y~or? a~d
Sun Bank of St Lucig Countv ~Mo~~~e~:
(Nameot Sun Bankj _
WITNESSETH, thst Mortgagor, to~ and m cons~deratwn of the p~em~ses and o~der to secure the payment of the prmc~pa~ ard
~nte~est on the note (as here~nalter del~nedl, Mortga~or hereby grants, ass~gns transte~s ar+d matgages td Mortgagee, ~ts successo?s and
au~gns iorever, the loltow~ng descnbed ~eal prope.ty m $t. Lucie . Cou~ty, F~orda; w w~u
Lots 3 and 4, Block 5 of Paradise Park, Plat Book 8, Page 17 of
the Public Records of St. Lucie County, Florida. ~
~ ;
Received s N1 ~a~111Mft Of T~xM
/ ~ (1,.n ~lass ..C.. ~~~~H.
c. ,,~r To Chapt~? 71. Ii1? IIIA~ Of 71.
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ROCER POf7RAS
C_tR~( G~RCUtT COURT ~
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-~"~~.i, ~r~ (here~nafter reie~red to as the Mortgaged Property?; a~d the Mo~tgagor does he~eby tulty warra~t the trtle [o the Mortgaged Property
: w, i a~d w~d defend the same agamst the lawful clauns ot alt persons whomsoever.
u-- ` PROVIOED ALWAYS, ~nat ~r Willie C Landers and Gertrude M Landers , the Makerlsl oi that
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~.',u certam promiuory note dated che date hereof (the Note1, thei r he~rs, legat representat~ves or ass~gns sha~t pay to Mortgagee '
the pnncipal sum of S r+~n .n- as ev~denced by the Note, wrth m[erest and upon the terms as prov~ded therem, the hnal
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.l,Y ~ matunty date ot the Note a~d o~ th~s Mortgage bemg JilIIe 16 , 19 88 , whKh Note prowdes that .1
. C•y f all ~nstallments ot pr~nc~pa~ and ~n~erest are payab~e at ihe oifice of Mortgagee, or at wch othe~ place as the holder may designate ir?
?+7 ~ wrtrting, and that each maker aod endorser agree to p3y all costs of coilect~on, mdud~ng a reasonable attorney's (ee, upon detault ~n the ;
m~~ payment o( the Note, and that if detault be made.~n the payment of any instailme~t thereunder and that ~f •such defauit n not made
--j,., ~ good ~n accordance wuh the terms of the Note, that the ent~re pnnc~pal wm and accrued, earned mterest shall become due and payab~e
p~torm and com y p a9
"~`~"~~~i w~thout not~ce at the optwR~of the ho~der the~eot: and shail p~y wuh each and ever st~ uiat~o~, reeme~t and cov-
enant of the Note and ol th~s Morigage, then this Mortgage and the estate hereby c.eated sha~~ be vo~d, otherw~se the same shail remain
- S ~ ~ ,n {uR force. Maker cove~ants to pay the mcerest and pnnc~pai promptly when due. Mortgagor covenaMS to pay the taxes and assess-
_ ';UCIE ^~^~s on sa~d propevty: to carry ~nsurance aga~nst f~re on ihe bu~lding on sa~d land for ~ot less than S AS ,approved
,,,:UKIT by the Mortqagee, w~th standard matgage toss clause paya6le to Mortgagee, the pol~cy to be held by the Mortgagee and to keep the
bwid~ng on sa~d land ~n proper repair. •
j ~ ' . ' ,
Th~s Mortgage shall .secure not only ex~st~ng ~ndebteclness, but also wch future advances, whethe+ wch advances are ob~gatory or ;
i ~ to be made at the option of Mortgagee, or otherW~se, as are made w~th~n iwe~ty (201 Years irom the date hereof, to the same extent as r
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; ~t such (uture advances were made on'the date of the execui~on o~ th~s Mortgage, but wch secured ~~debteciness shali not ezceecl at any
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f } t~me the max~mum pr~nc~pal arnount oF S_ AS plus ~nterest, and any d~sbursements maJe tor the payment
` ~ ' 01 taxes, lev~es, or insura~ce, on the Mortgaged Property, w~th mterest on wch d~sbursements. Any wch future advances, whether _ ?
~ ~ oblgatory or ~o be made at the optron of the Mortgagee, or otherw~se, may be made either pnor to or aitec the due date ot the Note or
; ;~~1 any oiher notes secured by th~s Mort9age. Thn Mortgage ~s g~ve~ ior the speui~c pu~pose ot sec::r~ng any and all ~ndebteciness by the
~ ~~J ! Maker to Mortgagee !but :n no event shatl the sQCUred ~ndebtedness exceed at any tune the max~mum pnnapal amount set torth m th~s
paragraph) m whatever manner this mdebtedness may be ev~denced or rep:ezented, urtt~l Ih~s Mortgage ~s satnhsd of ~ecord. All cove-
a ~ants and ag~eements conta~~ed ~n th~s Mortgage shalt be appl~cable ro all further advances made by blo~tgagee ro Maker uncier this
; ~ future aclvante clause .
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$?wutd any oi the above covenants be broken then the Note and all moneys securecl hereby shall, wrthous Aemand, ~t the
. Mo~tgagee, so elect, at once become due and payable and th~s mortgage may be 1oreNosed, a~d aU costs and expenses ot collect+o~ and
reasonable attorneys" f~s, ~nclud~ng costs, expenses and reasonabfe attomeys' ~ees o~ appeal, d collected by Iegai proceed~ngs or
` through an attorney at Iaw, shall be pa~d by the Maker, and the same are hereby secured. '
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-~~k~ IN WITNESS WHEREOF. ~he Mortga9or has e,cecuted th~s Mortgagz as o( the date ~~rst above set forth. `
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_ Sgned, ancl de4vered
~ ~n ou~ ~e ce t . ~ ~ - '
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llie C o~?
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~ -+~~'if"-~~ , ~7 ISEALI
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~ . STATE OF glorida ~
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~ COUNTY OF ~ • •
~ St. Lucie : .
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I HEREBY CERTIFY, that on ih~s day, betoro_ me, an off~c9•'Q~1~y°A61}kS?~Ytl~m the Sta:e aforesa~d a~d the Coumy.aforesa~d
~ !o take ack~owtedgme~ts, perspnatly appea~llie C LBILd@~$ Slld GetC~e ve the pe~son descr~bed ;
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~n and who executed the torego~ng ~nstrument and t h
e
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v~ k~ow~
t e
d g e
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t b e(ofe rne ~ ha~hey ex ecu t e d the same-
~ . ' • • ; 1G = ~ day JuAe ;
~ WITNE~~ my hand and o~f~c~a1 seal ~n ehe County and S.t31rry1dst • s r,t~+ ' ' _ .
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A.U., 19 . , ~
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