HomeMy WebLinkAbout0743 i;itECT HOME IMPRUVEMENT MORTGAGE 'll~.7pVQ /
..ilN fUTURE ADVANCE
THIS MORTGAGE. n~:Kfr t~~.t 7- il.ty July ~ n.~~~ ~St . I~rn~rrn
~ Philip_C,__Ga~es Jr, and Sonja_M~_ G~t~&, h3s wi~~ ~~.~~~~t:,.~,,,,,~ ,~,M~
Sun Bank of St. Lucie County ,~~,,,t,,,p,.,.,
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iN~mr. ol $,u~ B.ink:
' 1YITNES$ETH, Lhat Mo~tyoyor, to~ a~~cl i~i cOn~~de•~~T~u~~ ot ~I~e li~rm~;e•e and in u~ilrr fo WiurN IhP pJy~llpnl ot Shr pr~nc~~~:~! d~K1
~nirrlST On lhe nOt2 ion :,ccc~ndt(r~ def~necll. Rtu~ty:,4cn hrieUy U~JniS. JSSUJ~~S t~~n;IrtS .~i~d mu~ty.iyri tu 11OiI4.~y~'~•, ~~5 iuC:e•35c:r5.~eK1
ass~gns fo~ever, tne loliow~nq drticr~urcl ,.ral p~opt~riy ~n I.l1C~e _ C.,un~y, Fio~at.~. ~o ~ti~~
That part of Lot 9 of Andrews and Richards Subdivision lying ~
East of South Second Street, as per Plat of said subdivision
filed in Plat Book 2, Page 24, Public Records of St. Lucie County,
Florida.
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This is a Second Mortgage f1~E0 aNG ktCsHUE:.
, ST `UCl~ GOUN7± i«
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; M~.N~•,~n -s _ ' ~ II~OMM~d• InPa~. • '•i>Ps
Z . ~ ~ 8. ~ ~ ? ~ Du~ On CNst "C" IntangiblsPer~ ~.~nPrtY.
• - - - . _ . _ _ _ t ?wsuant To CAapt~r 71. 13~. A~rts Of 871.
ROOER POITAAS
Clerk Cin;uif Cou?L SL L~txN. Co.. FI~
(heremafter referreA to as the Mortgagecl P~ope~tyl; and the Mortgagor does hereby fuily wa~~ant the trtte to the blor~gagetl P~uperty
and w~U detend the same agamst the lawlut da~ms o1 all pe~sons whomsoevei.
PROVIDED ALWAYS, that Philip C Gates Jr. and Son a M._GSteS the A4akei151 oi tna~
(lnsert Namels?;
certa~n p~om~ssory note daiecf thr date hereot Ithe Notel, thelr he~rs. legal repr~entanves oi ass~yns shall pay to Mo~tydgee
the pnnuOal sum ot S 5825' 4g az ewdenceci by the Note, w~th :nterest anci upon the tetms as prov~de~cf there~n, the tinal
matur~ty date of the Note and of th~s Morigage be~ng June 7 , ~g84 , wh~ch Note prov~des that
a!I +nstallments ot pnnapal and ~nterest are payable at the o(f~ce of M~rtgagee, or at wch other piace as the holder may dez~qnate ~n
wnnng, and that each maker and endorser agree to pay ail ~ozu of collect~on, indud~ng a reasonabfr attorney'z fee, upon default m the
' payment of the Note, and that ~f delault be made ~n the payment ot any ~nstaliment thereurxler and that ~t such default ~s not made
good ~n accordance wrth the terms oi the Note, that the entue pnnc~pal wm and accrued, eamed mte•est shall become due arxi payable
wnthou~ not~ce at the opt~on of the hoider thereof, and shall per(o~m and compiy wuh each and every st~pulanon, ag~eement anct cov-
; enant of the Note arxf o~ th~s Mortgage, then th~s Mortgage anci the estate hereby croateci zhan be vo~d, oii,erw~se ~he same shall remam
~n tull fo~ce. Maker covenants to pay the mterest and pnnupal promp!!y when due. Mortyagor covenams to pay the tazes a~cf assess
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k ments on sa~d property: to carry ~nsu~ance aga~nit tne on the tw~ldmg on sa~d land for not less than $_____~a__ , approvecl
! by The Mortgagee, w~th stancfard mortgage loss dause payabie ~o Mortgagee, the poi~cy tn be hekf by the Mortyagee and to keep the
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I bu~ld+ng On Sd~d lerxl ~n proper repdu.
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i Th~s Mortgagr shall secure not only existmg mdebtedness, but alyp wch future aclvances, whether such advances are ot>l:yatory or
F to be macfe at the option ol Mortgagee, or othe~w~se, as are made wrth~n twen[y 120) yrars lrom the date h•.rreo~, to the same exir.nt az
~f wch future advances we~e made o~ the dare of the execut~on ot this Mortgage, but such secu~ecf indebteclnes5 shall not excF~cd at any
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~ ~ t~me She max~mum pr~nc~pai amount ot 118 p~us ~nte~ess, a~M any d~sburzements macie for the payment
~ of taxes, lev~es, or ~nsurance, on the Mort Pro ert y wch future adrarxes, whr.ther
G v c3aged p y, wrth ~nteresi on wch d~sbursemems. An
~ , obl~gatory or to be made at the opt~on o! the Mortgagee, or othe~w~se, may be made e~the~ pno~ to or after the due date of the Note or
` v any other notes secured by th~s Mortgage. Th~s Mortgage ~s g~ven for the spec~l~c pu~pose of securmq any and ali ~ndebredness by the
~ _ Maker to Mo~tgagze Ibut ~n no event shall the secured ~ndebteclness exceed at any t~me the max~mum pnnc~pa~ amount set forth ~n t~~s
~ -,y Daragraph) ~n wnatever marner th~s ~~xfebteciness may be ev~denced or reprevrnted, unt~i th~s Mortgage ~s sat~sf~ecf o~ ~crcord. All cove-
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\ no~'s and ag~eeme~KS conta~ned ~n th~s ~.lortgaae shal~ be applicabte to alt further advances macle by Moityvye~ to Mr+ker unde~ th~s
$ ;utuir :~ivance ci.iusr-
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~ n. ShouW any of the ,~bovP cove~nants f~e hroken then the Note and al1 moneys secured he~eby sh.~Il, w:thouf demand, ~f rh~•
Alortgayee, so e~ect, at once become dur, and payabfe and th~s mortyage may be foretlosed, and all costs and c~xpenses of col~ect~on a~xt
~ ' reasonabie attorneys" ~ees, mc~ud~ng cozts, expenses onci reasonable attorneys' ~ees on appeal, ~f co~tect~•d hy i•~gai P~ocr~rYLnys or
through an attorney at ~:nv, sha~~ be paal by the MakP~, and the same ar? hereby sec~recl
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IN WITNESS WHEREOF, the hlortyagor has rxecutc~cl th~s Mortgage as o! !he dafe t~rst ;3t~ove set fq-th ~
~ S~yn se lecf and Ac iverrd / - i
~ ~n~Au P~ ence • ,
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~-3 s1A1E oF Florida ~
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x COUNTY OF $t. Lucie J
1 HEREBr C~RTIFY, that on th~s day, betor¢ me:~an o~~ftet,~ufy autnor~zed in thB Stdte a~OreSaa~ end ~n ~he Cou~ty aforesa+d
- to ;ake acknowied ments, pe~sona~l appvar 1 D^'C.~tag+'PS T and Sonia tbtw;e
y y ec~]j ~r -~~r- ~~~to be •he pe~son ~rscr:bed
~ ~n ~r~d who eK?cutect the fwego~~y :nsrrume~t and _~~t e 3~knowlecipecf betore mH that ~ey ezecuted the same.
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5 YYITNES$ my na~d and u~t~. ~ai sea~ the Coyn y ar~
Stat~ ~ id th 7 day oi July
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_ N tar~j Pubi~c
~ Y:Comm,ss~o~ Exp .es ~M i~Ib.1C StAjEC~ t1lJRJD/~ AT ta~;'~_
Q M' RyNMRStON E~lta Mt. 1981
; F.n14 0047 Rev. 8/77 ~~~4` ~ rAl.. 14~ +scara~ p~W 4~BAt Mt[. t~Ef~VVRr7Ex5
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