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Home My WebLink About0540 . ~tECT HOME IMPROVEMENT MUKTGACiE 413~'79 lf/ [11 FUTURE AOVANCE THIS MOfiTGAGE. macle tn,s 7th__---__ day oi _ Au~u'3t . A D. t9 78_ . h~~awa•.•~ ~ Richard A. Flanigan and Alice_ J.__Flanigan ,ti,,,,,y~,f~,,, Sun Bank of St. Lucie County - - - _ . _ _ ~n,~„~y.~,•~•?: (Na~ne u~ Sun Ba•~k; WITNESSETH. ~hat Mazyxyor, to~ and m cons~deiat~on a1 the pirmnes and ~n oiAer ~o ~.•iwa U~e payment o~ the p~~nr~pa~ e~xi ~ntarnst on the note (as hrie~nalter def~necll, Mor~y,iyor hr~rby yrants, ais~gns teanslrrS a+~d mu~t,yayrs to Ato~~y.~yre, ~ts suc.:eiso~s a~xf ass~gns forever, the tollow~ng deur~ecl rrai p~oprrty m__ St. LuC~e _ CountV. FlorKl.~, to w~r. Lot 14 of Block 1, Airport industr~al Park, Unit 1, as per plat thereof in Plat Book 12, page 40, of the Public Records of St. Lucie County, Florida / ~ ~ ~ .ri II~o~Mrd • • ~ In ?+~~K 01 Ta» ~ i11E0 AMO ~ECQROEO lUC1E COUN1Y Fl~• ~ ~ ~M »C.. ~ ~~M~~~~ ~ r ~ ROGEii POITaAS • , ~~~RK C~RGU~T COU~ RTp Purwant To ChaptK 7t,1~4, A~ts Of tlT1. , - , ^ JcR;FiEO.i~-~"~ ROGER POITAAS . t j 45 ~1 o CNrk C~rcuit Court. S~ lucie. Co., Fb. ' Auc I I 10 ~ This is a Second Mortgage = ~ 413~'79 _ ; . j (here~nalter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby fully warrent the t~Ne to t~e Rlortgagecl Prope~ty ~ + and wui defend the same agamst the lawful cla~ms of atl pc~sons whomsoever. ' PROVIDED A~WAYS, that il ~chard A. Flanigan and Alice a7. Flan'~q~~erisl of that , , ` (I~se.t Namelsll , , , certa~n prom~ssory note dated the date hereof (the Noiel, their he~rs, ~ega1 rep~esentat~ves or assigns shall pay to Mortgagee the pnnupal sum of S ~ 015 . 15 as ev~denced by the Note, wrth ~nterest a~d upon the 1 r s as prov~ded there~n, the f~nal ~ matun[y date of the Note and of th~s Mortgage be~ng AuguSt 7 19 , wh~ch Note prov~des that - a11 mstalime~ts ot pnnc~pal and ~nterest are payable at the off~ce ot Mortgagee, or at wch other pl~t as the holder may des~gnate ~n vw~t~ng, and that each maker and endorser ag~ee to pay aIl costs of collect+on, includmg a reasonable atto~ney's fee, upon default ~n the payme~t ot the Note, and that ~i default be made ~n the payment of any ~nstal~ment the~eunde. and that ~1 suth detault ~s not made good m acc:ordance with the terms of the Note, that the entue pr~nc~pal wm and accrued, earned mterest shail become due and payable w~thout not~ce at ihe opuon ot the holder thereof; a~d shait petform and comply with each and every st~pulat~on, ag~eement arxi cov- enant of the Note and of ihis Mortgage, then in+s Mortgage and the estate hereby created shali be vo~d, olherw~se the same shati rema~n ~n fuli force. Maker covenants to pay the interesr and pnncipal promptly when due. Morigagor covenants to pay the taxes and azsess- me~ts on sa~d property; to car~y insurance aga~nst f~re on the bu+ld~ng on sa~d tarxi for not less than 5 n/a , approved _ by the Mort9agee, w~th sta~dard matgage loss dause payable to Mortgagee, the pol~cy to be held by the Mortgagee and !o keep the _ bu~ld~ng on said la~d m proper repair. ~ i v This Mortgage shail secure not only~ex~sting mdebtedness, bu! also such future advances, whether such advances are obi~garory or I to be made at ihe opuon of Mortgagee, or otherw~se, as are made w~thm twenty 120) years from the date hereof, to the same extent as ~ wch future advances were made on ihe date oi the execut~on of this Mortgage, but wch secured ~ndebteciness sha11 n~t exceed at any f ~J t~me ihe max~mum prmc~pal arrount ot S n~a pius ~nte~est, arxl any d~sbursements made for the payment V ot taxes, iev~es, or msu~ance, on the Mortgaged Property, w~th ~nterest on wch d~sbursements. Any wch tutwe advarxes, whe~her _ c. f j.~ oblgatory or to be made at the opt~on of ihe Mortgagee, o? otherw~se, may be made erther pnor to or after the due date of the Note or .R,! any other ~otes secured by thn Mortgage. This Mortgage ~s gwen for the spec~i~c purpose of secunng any and ail ~ndebtedness by the ~ " x i: . Maker to Mortgagee (but ~n no event shall the secured indebtedness ezceecl at any t~me the max~mum pnnupal amount set forth th~z ~ " ~ - ~ : S paragraph) m whatever manner th~s ~ndebtedness may be ev~denced or represented, um~l th~s Mortgage ~s sat~shed of record. Ali cove ~ - ~ 2, • ~ants and ag:eements conta~ned m th~s Mortga9e shall be appl~cable to all further advances made by Mo~tgagee to Maker under th~z € _ ~ future adva~ce clause. Y . ~ Shoutd any of the above covenants be broken then tt:~ Note and a~l moneys secured hereby sha~l, w~thout demand, ~t the ~ ~ Mortyagee, so etect, at once become due arxi payabte and th~s mortgage may be foreclosed, and all costs and expenses oi co~lect~on and ~ ~eason~le attorneys' fees, ~ndud~ng cozts, expenses and reasonable attorneys' (ees on appeal, ~t coliecled by fegat proceed~nqs or _~,,,t ~y- through dn attorney at ~aw, shall be pa~d by the Maker, arxl the same are hrreby secured. ~ ` ~ iN WITNESS WHEREOF, the Mo:tgago: has executed th~s hlortgage as of the da~e (~rst above set fo~th. @ ~ . ~ .r ~ ~ _/J) S~yned, sealed and deiNy~d ~ • ~npur - ~ / ~ s - ' _-T - ~ - - ISEAU 1 ~IMor~ r) ; ~Q.(L ~ ~:~i'LtiiL~ G~-~C~ ' ~ L~f~j', ~~y~ L----- ISEALI IMortyagor 1 ' STATE OF Florida ~ a St. Lucie ~ ' COUNTY OF 1 ,i t HEREBY CERTIFY, that on th~s day, befo~gi e an o~ duiv honred ~n he Srate aforeza~d and m the County aforesa~d ~ tC `d~`A ~~nigarl To take ack~owledgments, pe~sonaily appPa~ed ~ri~~,~'~,~~qa~ to me known to 4e ihe person descnbed f~ ~n and who executed the to:egomg ~nstrument arxl *~=L - rekrtOwledged betore me that th~ executed the same. ° " ~ ~ " Au ust WITIV~~ my hand and off~c~al seai ~n ~he Coue}ypnd$~lRe laft a(orasa~d ha t v of , A.D , 19 ' v ~r i ~ / % - . - J ~ - 5? ~ €i ' ~ ' ' ,tvo~s~y P~;br ~ p Q ?i+M!Cbmrt1:ss~o~~~MISS~ON APR. 23 198~ . 601~K ~V~ ~~iE ~~O » _;t-' TTIRU GEi~ .w~p•Z'. :I~fRS 4 000-7 Rev_ 8/77 . 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