HomeMy WebLinkAbout0305 ;:iTH FUTURE ADVANCE ¦ v v• v A~L~~l• y~
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THIS MORTGAGE. m:t]r t~„s ___Sth__ Se t@IRb@Y' q p.~g 78 , tmnvrrn
da ol .
~ Herbert B. Lush and Ottie L. Lush ~n,,~,~,,,,,yo,,
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Sun Bank of St . Lucie County _ _ _ _ _ ,h,~,,,y~~~:
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iName oi Sun Bank1
WITNESSETH, tnal Mortyayor, io~ a~xf ~n cons~deiat~on ot the prem~ies and ~n oitle~ ro s~~CUrB ihp pdymBnt Ot ihC pi~nC~pd~ and
mterest on the note lai here~nalter deimedl, Morcy~gor hereby yiams, ~a>~gns t~anslers a~~d mo~tyayes to hlo~ty,igeF, ~ts successo~z arxf
ass~gns io~ever, the foitow~ng d~sc~~rd ~ea1 p~opc~ty ~n I+uCl~______`__._ Coumy, FlorKta, to w~t:
The South 70 feet of the East 200 feet of the S~ of the S~
of the SE~ of the NE~1 of the NW~ of Section 17, Township
. 35 South, Range 40 East, St. Lucie County, Florida.
' t~iwd • ~ 7~ M p~n 01 Taiw~
~ THIS IS A SECOND MORTGAGE Ous On Class "C" Innnpibl~P~~wrt~ro~wf~„.
,t Purswrn Ta Chaps~r 71. t$4. Acts Q11~71.
,e aoaER va~wrs 9, f~ _
CIerA CirCUit Court. St. lucis. Co.. R~.
- r~', R fIlEO aN0 RECVROED .
< • ~ _ - L--- ; i - . . ST ~~~{E COUNtY fLA
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~ ~ - ~ ~ S`p~Z 945AN
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Iheremafrer reterred to as the Mortgagc~cf P~op~ tyl; a~xi the Moitgagor does hereby tu~~y wa~~ant the tnfe to the hlortqagecl P~operty
-and w~it defend the ;ame aya~nst the iawtul cta~ms of all persons whomsoever.
PROVIDED ALWAYS, that Herbert B. Lush and Ottie L.-L11S~1 ` thektake~(slofthat
~Inse~t Namels)~ ~
their _ n~„S: ,e t~e ~ y a v y~
certa~n prom~ssory r,ote dated .he date hereof ithe Notei, ga p esPn~atrves or ass~ ns shalt ~a ;o Mort e
5, 859 . 60 _ as ev+denteci b the Note, w~th ~nte~est and upon the terin~as prov~ded therein, the final
the pr~nc~pal sum ot S Y 8
SePtember . 11 79 , wh~ch Note prowdes that
matur~ty date ot the Note a~xi of th~s Mortgaye bei~g
all ~nstaliments ot p:~nc~pal and ~nterest are payable at the oft~ce o( rilo~tgayee, or at wch other place as the holder may dezignate ~n
wnt~ng, and that eath maker and enclor~er agree to pay all costs of coiiect~on, i~clud~ng a reasonablr attorney'z fee, upon defautt in ihe
pavment of the Note, and that if defaui! be made +n the payment oi any ~nstallment thereu~xler and tt~at i1 such clef~ult ~s not macfe
gopcf ~n accord-ance w~th the terms of the Note, that the entue pr inc~paf sum arxt accruecl, r.amecl ~nterest shall become due and payab~e
w~ihout noti[e at the option of the ho~der the~eof; arxf shall pe~(orm arxl compfy w~th each and everv stq~uiat~on, ag~E~ment arxi cov-
enant of the Note and of ;h~s htortgage, thr.n ch~s hlortgage anci the estate hNret~y create~i shali be vo~d, otherc:ese the same shatl rema~n
;n fult force. ~Aaker covenants to pay ihr mterest arxf pnnupa~ P~omptty whcYi due Mortqayor covenantz to pay the taxes and assess-
• men~s on sa~d propefty, to carry ~nsurance acy3~nst (~.e on thv iw~ici~ng on sa~d ~arxi for not less than $__nf a . ~PP~oy~
~ by ~he hlo~ig.+gee, w~th staixia~d mortg3ge Ioss clause payabie to Mo~tyagee, the pol~cy to be hekt by tne Mo~tya9ee anci to keep the
~ bu~ld~ng cn sa~d land ~n proPer repan.
i
~ j Th~s h9o~tgagr shal! secure not only exi5tinq ~nclebtedness, but also such futu~e acivances. whethe~ such atfvan~es are obl~aatory or
~ to bg made at the ept~on ~f Mor,g~~yee. O~ otherw~se, 5s ere madc~ W~ih~n tweniy (20~ Y~'~~`- t~om the date hereof, to :he same extent as
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~ -1 ~f such f~tu+e aef~ances we+e macSe on the da[e of thr execut~on of th~s Mortgage, but iuch sctcu~ecl mciebt~lne,5 5hai1 not rrxc~cl at any
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' t~mv the max~mum Wnnupal amou~~t oi S_ n/a plus ~nte~est, a~u1 any disburW.ments mat~e for the payment
l J` of taxes. Ievies. or msu~ance, on the blortgayed Property, wrth mterest on such d~sl~u~sements. Any such future acivances, whether
9 - oba~ya~ory or to be made at [he opt~on of the Mortyagee, or othN~w~se, may be ma[le e~thei pr~or to or afte~ The due date ot thc No~e or
~ - i any other no±es seturecl by th~s hlortgage. Th~s Mortyage ~s y~ven fo~ fhe speco~:.. pu~pnse of yrcunnq any arxl a1i ~r.dBbtedness by the
~ r y hlake~ to ~1ortg~fgee Ibut ~n no vv~nt shall the securecl indehtrdness eKCeecf at any i~m? the max~mum p~~nc~ual amount set i~rth m ihis
pa~agraphl ~n whateve~ manner th:s ~nclebteciness may bc• ev~dencc~ef er rep:ev~nt~d, unt~l th~s Mortyage ,s sat~sf~~uJ pt ~ecord. A~I cove~
~ r.ants and ayrev.ments co:~ta:r.~~i ~n th~s hSortgaqr sha~1 be appl~c:~tz~~ to all furthe~ .xfvance,s m.xt.• by ltorty.;q~e to Maker untfer this
} ~ ~ ~ f;;turN d[1v.~nC" ct:fu5@. ~ -
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ga . ' Should any of th~ :eba~~~ cover~ants b~ b~okvn ~hen !ht~ Note and a~! rnont:y; ;ecure~l her.•by Shalt, w~thou~ dermend, ~f the
~ ~ 1; 110: tyayee. ~o e!rct. .3t o~c~ beCOmv d~e a~x! payable and thit mortyage may t~r foreclox~cl, and af~ cos~s and ezpenzes of r.ollect~on arxi
p, •.~son3t~;e a;t0•nNy> ~e?~. ~rciud~~~q rosTS, «xp.~nsrs a~xt ~easonahie dttornvys fevs on appeal,. ~t cot~ect~~d by ~:rgai proceed~nqs or
; - ;h,~~9r. ar~ acto•nNy ar ~a~.,, ;hati bN Oa;d b~• thF~ !45,~k~r, a~xt the ume a,e he~rby c~•cu~rrt
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~ ~ IN NJITNESS ~NHEREOf, ;~e~~ h1~rt9;~go• has rx.xutwi th~s hlortyayr~ as of !ne date f~r,t at,~ve se~ fo~!h.
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' $:yned. ,rd~ecf drd deuv~..~~1
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STATt oF Florida ~
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cou~vTV oF St. Lucie '
= 1 HEREBY CERTIFY, ttiac o~ th~s dav, t~e:Qe ~e,ea~pff~~r c~ujy aurp.~r~rr.Kf m t~i.t Stat~ ~~fqr~sartt and ~n the County ator~~sa~tl ~
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- te ~a~Cr 3Cknpp::~t7yme'^'S, pe•50^J!~y ~e~Dea~Nc1 y~-____-_- to m~ kno::n to bt~ the pr.r5~~n drser~hed
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= .;~d wno execur~d *he'o«x, ^a ~^;t+~im?nt anct~ ' atknowieclq.ci trrtorr me tha! the .Kt,~ ed The kim~-
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~ WIT -nv narxi ::~d o't:r_ a~ ~.,ncy anct Ssa~~ ~ast alpre>a~d ~h~s Hay of fi •
AD 15~ ~ _ '.'j
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- . Nocary Vub~1~~~RY M~IC ST IQA AT IA~E
~ R~(1~ k1y Commns'~~~ISS A~. 27 1902
~ Soc•x v 305 . ~ ~ . ~W~;~
~ 6014-000-7 Rev. 8177 ~ '
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