HomeMy WebLinkAbout0309 ~•rITH FU~URE ADVANCE ~r~~Jn ~ VAVL ~-~JL1JV i~
tHIS MORTGAGE. m~c1e ~h~s - dav a~ --+Illl~-- - - _ . A D . 197$ . t,etwrrn
-Charles W. Randhan and Electa Faith Randhan ~n,~,~9~~~~ ~~w
-~i~E-9~-~-.-~-3e'-~OUA~j~_--- - ihto~tyagrrl.
iName ot Sun Ban~!
WITNESSETN, tnat Mmigayor, tor and ~n cons~Ue~atwn of the p~em~ses an~ ~n o~Ue~ t0 sCCUre Ih! p~ymenl O~ thC pnnC~pol ard
" ~nterest on the note (as here~nafcer de~~nedl, Mortyagor hereby g~ants, asvgns tranzlers and mortgages to hiortyagre, ~ts successors ard
ass~gns lorever, the lottow~ng descr~bed ~ra1 property ~n _ S~ I»~'I.P COUn~y, FlArK1J, IO W~I:
Lot 4, Block 414, Port St. Lucie Section 3, a subdivision according J
to the PlaZ thereof as recorded in Plat Book 12, Page 13A through~ ~~ti
131 of the public records of St. Lucie County, F1.
1°~-
t~~~ IN PAYNENT Of TAXES
DYE OM CtASS 'C' INTANG~BIE PkllSONAI PROPERTY,
PIIRSUA/T TO q1~PTER 71•131,, ACTS Of 1l11.
R~OER ?OIT~At ~
I~E~K ~T COIIRi. iT. ~ Cp~ R~
~ F,~EO a~o ~EC~K~~~ ~
ST.lUC1E C~UHTY f~~ .
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~ _.~.;6`~'--i~-~i`'= 1 9. 0 5 1 ~~190 ~Jt 26 2 36 .
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(here~nafter refer~ed to as the Mo~tgaged Propertyl; and the Mortgagor does hereby tully wa~iani the t~tle to the A1o~tgagecf Property
a~d wlil detend the same aga~nst the lawtul cla~ms of all persons whomsoever.
PROVIDED ALWAYS, that ~f Chai'~E'S ~11. RiiIT(~}t~tLl ~ E1Q'Ct8 Faith Randhan , the Makerls) of that
(lnsert Namels))
certain prom~uory note dated the date hereot (the IVotei~elT he,.s, legal rep.esentat~ves or au~gns shall pay to Mortgagee
the principal sum of S,12,~ 662: 37- ~~'~denced by the Note, w,th i~terest and upon ~he terms as prov~ded there~n, the (~~al
maturity date of the Noce and oi this Mortgage bemg .~il~~ 2~ , ig ZS_ , wh~ch Note prov~des that
al~ mstallments o( principal ar?d mterest are payable at the oif~ce ot Mortgagee, or at wch other place as the holder may des~gnaie in
writing, and that eaCh maker and endorser agree to pay all costs of cotlect~on, mcluding a reasonable attorney's fee, upon detautt the
payment of the Note, and that if defauft be made ~n the payment of any installment theraunder arxf that ~f such detault K not made
goocl m aCCOrdance with the terms of the Note, that the ent~re pnncipal wm and aCCrued, earned mterest shall become due and payable
w~thout not~ce at the optio~ of the holder thereoi; and shall pertorm and comply w~th each and every st~pulatan, agreeme~t and cov-
enant ot the IYote and o( this Mortgage, then ihis Mortgage and the estate hereby created shall be vo~d, otherw~se the same zhall rema~n
~n full force. Maker covenants to pay the interest and pnnc~pal promptly when due. Mortgagor covenants to pay the taxes and assess-
ments on sa~d proper[y; to wrry msurance aga~nst tue on the bu~id~ng on sa~d land ior not tess than S N~A , approved
by the Alortgagee, w~th standard mortgage foss clause payable to Mortgagee, the poficy to be heki by the Mortgaqee and to keep tAe
bu~lding on sa~d land rn prope~ repair.
Th~s Mortgage shall secure not only ex~st~ng ~ndebtedness, but also wch future adva~cez, whether such advances are oblgato.y or
to be made at the optron oi Mortgagee, or othermse, as are made w~th~n twemy (20) Years trom'the date hereof, to the same extent es
~f wch tuture advances were made on the date of the execut~on ot th~s Mortgage, but wch secu~ed indebtedness shalt not exceed at a~y
_ ~ ume the max+mum pnnc~pal arnount of S ~A plus mterest, and a~y disbursements made for the payment
of taxes, lev~es, or ~nsurance, on the Mortgaged Property, w~th ,nterest on wch d~sbursements. Any wch fuwre advances, whether
{ ~ obtgatory or to be made at the opt,on of tAe Mortgagee, or otherw~se, may be made e~ther pnpr to or after the due date of the Note or
~ , j~ any other ~otes yecured by th~s Mortgage. This Mort9age K gwen tor ihe spec~f~c purpose of secunng any and alf ~ndebtedness by the
_ « j I Maker to Mortgagee (but m no event shail the secured ~ndebtedness exceed at any t~me the max~mum p~,nc~pal amouni set fonh ~n this
_ paragraph! ,n whatever man»er tb~s ~ndebted~ess may br ev~denced or represented, unnl th~s Mortgage ~s saust~ed o~ record. All cove-
- ~ nants and agreements cunfa+ned ~n this MortgaGe shall be applKable to all further advances made by Mortgagee to Maker under thn
, ~uture advance clause.
, ~ Should any of ihe above cwenanis be broken then the Note and all moneys securecl hereby shatl, wrthout demand, it the
~ Mortgagee, so elect, at once become due ancf payable arxf this mortgage~may be forec~osed, a~d alt costs and expenses of collect~o~ and
~ ~easonable attorneys' i~s, mNud~ng costs, expenses and reasonable attorneys' fees on appPal, rf collected by legal pra~,ngs or
_ through an attorney at law, sha~l be pa~d by the Maker, and the same are he~eby secur¢d.
, ~
T~' ~ IN WITNESS WHEREOF, the Mortgagor has executed th~s Mortgage as of the date i~rst above set forth.
Syned. and dei~vered C~ar1es W. ~Tl~}13T1 ST.
~n our r e e:
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~ lMortgagoc)
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Electa Faith Randhan
STATEOF Florida 1
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COUNTY OF St. LL1Cle ?
I HEREBY CERTIFV, that on th~s day, be~ore me, an oft~cer duiy a/uihonaed ~nfthe SWtt~~t
e atq~esa~d and ~n che Coumy aforesa~d
to take acknowledgments, pe~sonally appPared v~u~d~ L(~ `i~2~s7• [ /~/J.[~i,j~~~~ to be the perspndescr~bed
~n a~d who executed ~he }o~ego~ng ~pscrument and acknowi b~eJ~
ed9~}. W¢y(ne tlt~- executed the same.
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WITNES my hanJ and offic~al sea~ m 2he County and State ias*. aforesa~d thn t~,~~~ay O ,
A.D., l9 ~ . ~ -
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a so,a.oo~a Rev. 8n~ ~%~a ~~r` R7~,: ~'2 R~•a5 ~J'~'K2•.vRlr~Ryo.R~
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