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HomeMy WebLinkAbout0841 t~IFttI:T MUME IMYFiUVtMtN1 MVK I~H~C r .v~TH FUTURE ADVANCE 1~a~ THIS MORTGAGE. macle u~n day ot ulv . , A U , ~9 _ - 78. . brtwrrn ~ Geneva Smith a/k/a Geneva Baker ~oined _b~r her husband Cyril_ Baker _ ~~~~,,,y~~„~ _ Sun Bank of_a~C._l.liC~~QLQL~f_-- (Moitgagrrl: {Na~ne o1 Sun Bank J WITNESSETH, t~at Morigayor, lor a~cf ~n cons~de~at~o~ ol the p~em~ses arxl ~n orde~ to secure the payment o~ the pr~napal arxJ ~nterest on the note (as here~nafte~ det~nedl. Mortyagor heieby 9rants, ass~9ns transleis and mortyages to Mo~tgagee, rts successa~s and ass~9ns torever, the iouow~ng deu~~ed rrat. proprrty ~n St. LtiC~@__ _ Counry, F~or~cla, to w~t: The West 70 feet of the South 113 feet of Lot S of Tract 128 of a Resubdivision of Tracts 113, 114, 127, and 128, GARDEN CITY FARMS, as per plat thereof on file in Plat Book 8, page 3, of the public records of St. Lucie County, Florida all being in Section S, Township 35 South, Range 40 East ~b t1. This is a Second Mortgage ~ ~~B ~~T.7 ~'I~Ci:~l~t:+ 51 ~UCtE COUNTY fLA qeC«yAd~ 3 RC,En PO~TRAS ~yRM~ft ~ TIbtN ~ c a ~ ;s ~ . ~ _ Ous On Cless "C' bfqrfplbN Pw~aonsl Piropsrry - - - ~ - ~ PursuaM TO CENp1~~ 71. 194, /1~tt Qf 1871. , ~ Rooa~ rarn~?s Ju~ 31 9~1 AH 78 ` r~e?~ circuit C~L SL L+~+oM. Co., Fla. ~ ~ , _ ~ i ; ~ - 4t152,9 i ei , ,i lhere~nafter reterred to as the Mortgaged Propertyl; and the Mortgagor does hereby fulty warram the t~ue to the Mor~gaged Proper[y ~ and w~~l deterx! the same against the lawiul claims ol all persons whomsoever. i~'~~ - . ~ PROVIDED ALWAYS, that rf Geneva Baker and Cyril Baker , the Maker{si ot that [Inse~t Name1s11 ^ certa~n prom~uory note dated the date hereo( (the Notel, their ~,~s, representat~ves or ass~gns shatl pay to Morigaqee ~ u r, the pnnupal wm of S 11.558. 52 ~~,denced by the Note, w~th mterest and upon the terms as provided there~~, tne t~nat - 1 , ~ maturny date of the Note and oi this Mo~tgage be~ng ~gu8t 6' , lg 88 , wh~ch Note prov~des that all mstallments of prmcipal and interest are payable at the office oi Mortgagee, or at wch other place as the holder may designate in ~ ~ writing, and that each maka and endorser agree to pay a71 costs of collection, including a reasonabie attorney's tee, upon default ~n the ,~t;~~~~ payment of tAe Note, and that if default be made i~ the payment of any mstallment thereunder and that ~f wch detautt is not made gooef in accordance with the terms ot the Note, that the entire princ~pal wm and accrued, earned ~nterest shalt become due arxl payable - ~ q~, without not~ce at the option oi the holder thereo(; and shall pertorm and comply wrth each and every st~pulation, agreemem and cov- " ' enant of ihe Note and o~ th~s Mortgage, the~ this Mortgage and the estate hereby created sha11 be vo~d, otherw~se the same shatl rema~n ~n full force. Maker covenants to pay ihe mterest and prinupal promptly when due. Mortgagor covenanis to pay the taxes and assess- ' me~ts on said property; to carry mwrance against t~re on the bu~tdmg on sa~d land for not less than $ na , approved by the Mortgagee, w~th standard mortgas~e loss clause payable to Nbrigagee, the pol~cy to be held by the Mortga9ee and to keep the bu~ld~ng on said land ~n proper repair_ - i ~ This Mortgage shall secure not only existmg ~ndebtedness, but alyo wch future advances, whether wch adva~ces are oblgatory or ~ to be made at the option of Mortgagee, or otherw~se, as are made wrthm twenty (20) Years from the date hereoi, to the same extent as ~ rf wch future advances were made on the date of the execuuon of this Mortgage, but wch secured mdebtedness shall not ezceed at any _ ~ti t~me the max~mum pnnnpal arrou~t of $ na plus ~nterest, and any disbursements made tor the payment ( ~ of taxes, levies, or ~nsurance, on the Mortgagi.d Property, with ~nterest on wch disbursements. Any wch tuture advances, whether i y oblgatory or to be made at the option oi the Mortgagee, or otherw~se, may be made either prw~ to or after the due date o! the Note or ~ any other notes secured by thn Mortgage. This Mortgage K grven for the speufic purpose of secunr.g any and all indebtedness by the 6laker to Mortgagee (but m no event shatl the secured indebtedness exceed at any t~me the max~mum pnnupal amou~t set lorth ~n th~s paragraph) m whatever manner th~s ~ndebtedness may be evrdenced or represented, until this Mortgage ~s sat~shed of recad. A!1 cove- `~X ~ nants and agreements contained this Mortgage shal! be app~~cable to alI further adva~ces made by Mortgagee to Maker urxier th~s ' ~ ~ ' luture advance clause. :t ~ l i _ Should any of the above covenants be broken then the Note_ arxl all mo~eys secured hereby shall, wrthout demand, d the , Mortgagee, so etect, at once become due and payable and th~s matgage may be foreclosed, and all costs and expenses of co~lect~o~ a~J - _ y g y ppeal, ~f collected by Iega1 proceedi~gs or reasonabie attorne s' fees, ~ncludm costs, expe~ses and reasonable attorne s' fees on a v; through an attorney at law, shall be pa~d by the Maker, and the same are hereby secured. _ ; IN PIITNESS WHEREOF, the Mortgagor has executed th~s Mortgage as of the date first above set forth. _ • - Sgned, sealed and defnered r ~ m our pr ce: / ~ J~ j i.E_ ~L 7~- ~J/( J~/~' (8E A U ~ ( ~ . (Mortgagor) ~ ` _ ~ . _ t L (^~/`-i"j' /s~s~-~. (SEAL) ~ ~Mortgagor) ~ ~ ~ STATE OF ~ORIDA ~ , ~ COUNTY OF ST. LUCIE j . ` •~:~t. ~ I HEREBY CERTIFY, that o~ th~s day, befo~e me, an oti~cer duly authonred ~n the'$C~p etO~dOlQ~ ~n the County aforese~d n ~ ; . Geneva and C ril Baker ~ to take acknowledgments, pe+sonaNy apprared Y ~o ~~RRwn !Q pb t1re person descr~bed hi J~ 1 ~ m and who executed the fore9omg ~nstrument and they acknowledged b93o~~ me that ~executed the same. • - ~ WITNESS my haM and oft~c~al seat ~n the County and Sta last A(ore id tA~s .er J~y , . . ~ A.D:, 19 . _ ~ ~ . Q~~ - Notary Pubi~c : r, • ' ; 1 0 R PAGf ~ MYComm~SS~~,Ex~~"'!~~:TA3r~~F1!~'`2~^ - ~ ao~~ 29~. ~ , , - , ` , 5, ~ 6014-000-7 RlV. 8/77 i; a~::~ ~.i ,_:S E.K,~~..~ v.w E`-- i~:,.i ~ , - - --z=~_ - _ .y r . e a.~ "T.~, _ ~"'~~~u-ka:~.S'~- .c~. _ r,~kX*a~=~ "~~y^:'A ' - 'F'= ' - . x.~r,~'__ . ~ ~ '":~..r,.._«. ~