HomeMy WebLinkAbout0308 :YCTH FUTURE ADVANCE I~~V~~ ¦ Vr\VL. 4111b~y ~
THIS MORTGAGE. m;xfe th~s Z1St tfay ot --J111Y - _ - - . _ _ . A n . ~9 _ 7 8 , beiween
Joyce E. McCain and David L. McCain ~~~~~t~~~,~ a~w
Sun Bank o~St . _Luc County .._--T__-__- - _ - - ~n,n~?~,~r?.
(Name ol Su~ Bank1,
W17NESSETH, thai Mo~tgayor, lor arxf m com~dera~~on ol tne prem~ses and m ordr. to x•curp the pdymen~ Ot pnnU~~dl erK1
~nterest on the note fas nrre+nalte~ def~nedl, Monyago~ he~eby grants, ass~yns t~a~~sfrrs arxl mortga9rs ~o Rlortg.?gee, ns succeiso~s aM
azs~gns fOrCVer, th@ tollOw~ng desciibed real propertY CountY. FlorKfa, to w~t:
b~'
Lot 5, Block 87, less the East 20 feet thereof, LAKEWOOD ~
PARK SUBDIVISION, Unit 8, as per plat thereof on file in ~
Plat Book 11. Page 29, of the Pub13c Records of St. Lucie G6 '
County, Florida. ~
~ +
RfCE1YE~ f__~ ~'v Ni PAYYENT Oi TAXE.S
WI$ ON CI..SS 'C' IMT~.N6 BtE PiitSON~I P~PENTr~
ttl~SUA~T TO GNA?TER 71-~,, ~cTS o~ an ~1 ~ ~
ItOYER t01TRA~t ~yf/_ ~~L~'~CIE G 1~TY'~~a
pEa ~I 0011~~~ =T.1~ COi, lIA~C~"'- A C;. 0~ R A S
l/ ; , ,U;T CC•..P.~
~
411189 J~~: 26 2 3, PM'18
. ~
~ .
~ ~ i (here~nafter refened to as the Mortgaged Propertyl; arxl the Mortgagor does hrreby luliy wa~iant the t~tle to the Mortgaged P~o~:erty
' ~ and w~~i deiend the same agamst .he law(ut cla~ms oi att pe~sons whomsoever:
~ y' McCain and David L. McCain
_ ; r l i PROVIDEp ALWAYS, that ~t JoYCe E. , the Make~ls) of that
! (Insert Namels?f
certa~n prom~ssory note dated the dare he.eot Itne NoteJ, thelr he~rs~ legal ~ep~esentatrvez or ass~gns sha?1 pay to Mortgagee
a .
. ` 9 181. 20 ~
..y;•~ the pnncipa~ sum of S _L as ev: denc e d by t he Note.Jul nte`26thupon the te~in~as prowdrd there~n, th¢ t~nal
.~%i ' matunty dare of the lVote and of th+s Mortgage be~ng y , lg 8 , wh~ch Note proy~cies that
'.I ~ ` ' a11 mstallments oi pnnupal and mterest are payable at ihe of(~ce ot Mortgagee, or at wch other place az the holder may des~gnate m
, wn~t~ng, and that each maker and endorser agree to pay all costs of collection, ~nctud~ng a reasonable atrorney's (ee, upon default +n the
payment of the Note, and that rf defaalt be made ~n the payment oi any mstailment thereunder and that wch de(ault ~s not made
c~ ( good ~n accordance wnh the te~mz of the Note, that the enure pnnapal wm and accrued, earned mterest shalt become due aqci payable
~ ~ w~thout nouce at the opt~on of the hotder she~eo(: and sha~i peiform a~d compty wrth exh and every st~piilat~on, agreement and cOV-
~ J s_! enant of the lUote arxl oi ~h,s Mo,tcWge, then th~s Mortyage arxl the estate hereby ueated zha11 be vo~d_ otherw~se the same sha11 rema~n
~ ~n fuli farce. Alaker covenants to pay the ~nteiest and pr~nupal prompUy when due. Mortgagor covenants to pay the taxPS and assesz-
~ ~ ments on sd~cl property: to carry ~nsurance aga~nst E~re On the tw~ld~ng on sa~d land tor not less tha~~ 5 n~a , approved
\ by ihe Mortgagee, wrth stanclard matgage lozz clause payable ro Mortgagee, the pol~cy to be hekt by the Mo,tgagee and ro keep the
b~dd~ng on sa,d land m proper repau.
r ~
~ Th~s hlortgage shaU secure not onty ex~stmg mdebteciness, but atso wch future ad~an~es, whether such advarxes are oblgatory or
~ to be macfe at the opuon oi Mo~tgagee, O~ otherw~se, as are made w~thm twenty (201 years from the da:e hereol, to the same extent as
Q ~f such future acfvances we~e made on the date ot t e execuhon of th~z Morigage, but such secu~ed indel~tetlness sha~~ not exceert at any
_ L, n~a
i time the max~mum pnnc~pal amount of S__._~ _ p~us ~nterest, arxl 0ny d~sl~ursements made tOr the payment
~ ~ of taxes, lev~es, or ~nsurance, on the Mo~tyaged Property, w~M ~nterest on wch d,sbursementz. Any sucb luture advances, whetAer
! obl~yatory or to be made at the opt~on oF thp Mortgagee, or othe~w~se, may h.e made erther p~~or to or atter ihe due date of fhe Note or
any other notes secu~ed by th~s Mo~tc~e Th~s Mortqa_qe is grven tpr the spec~fic pu~pose of secunng any ar~ alt mdebtedness by the
h'.ake~ to Ma tyagee ibut ~n no event shalt the secured mdebtecf~ess exceed at any t,me the max~mum pr ~nupai amount set forth ~n th~s
-,l ~ pa~agraph) ,n whateve~ m~nner th~s ~ncfebteclriess may be ev~denced or rep:esr.nteci, unt~l th~s Mortgage ~s sa~~sf~ecl Of ~ecord. All cove-
7l nants and agraements conta~~ed ~n th~s Mortgaye shaH be app:~cable to all further advan~es m,x1e by Mo~tyaqee• ro NSa(~Nr under this
' - ~ tuture 3dvance clause .
Shoutd any pf the above covrn~nts tw hroken then the Note ~nd a~l moneys secur~l he~rby shall, wr~thout ~iemand, if ihe
Mlortya9ee, so elect, at once become due and payabte_and thrs mortyage may be forecipsexi, and 'aU costs and rxpenses oi cotiect~on arxf
•easonabte dttOrneys~ tees, mcludinq cos~s, expenses and reawnahle attorneys f~s on appeal, A co~iec[ed by lega~ proccr~clmqs or
- ~l throU h an ,3ttO~nP dt iayy, >hdll b~'
9 y pa~d by thN MakN~, dntl the Same arv_ her~•by 5ecured, '
' _ ~r
- ~ IN WITNESS WNEREOF, snµ Mo~tgagor has executect th~s h~o~tqaye as of !h.~ daie first .d~nv~• se` }o•th.
S:ynecf, v~aiecl anef de,~ve.e~i
~pau~ preie^~e .
`l-L'`CL-~t./~------ ~ iSEAL?
~ - ` .
Jo~ E. M Qay
~.4 ~ -~/f~---- - - ~ ~%sd~ ` ISEAU
~ Davi L.
STATE OF FZorida ?
COUNTY OF St . Lucie ~
I MEREBY CERTIFV, that o~ tn~s day, before me, an of(,~er duly au;hor,r.x} ~n ths~ Sr;,te ato~esa~d an~f ,n the C~unty ~`.~resard
Fo :ak~ ack~oyv!ed ments, e~sona~l ,~oPa,~ Joyee E. MeCain and
9 P v ~ _ to me known to t~e the peryon descr~becf
~nd who CxfCUt~ tfiN foreyo~ng ~nSirUFn?!1T d~1(~ _ • '~3C~[~10W~E(I(Q!{~ (~i'fO~B T@ thdl _ PxQCUtPCI ±he same.
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WITN my nand a.+d off,~;al sea~ tne Coun~ ~q1$~~Ny~f~s5~6 n__ _ of aluly
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- ~ PHL~ ~ ' _~$D t ~ ~tar~ t '
/ Svi : ,O ~ i1G~IDA AT LA~f'iE
fl : G. J 2a 19az
- ~ M~r co+~M
4-5014-0047 Rev. 8/77 ` . ~
t~.~;~ '~p~p 11~U ~RAL M'!L - 1X'DE~WRITqs .
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