HomeMy WebLinkAbout0307 :~iTN FUTURE AOVANCE ~ ~ ~ /~~L`~bf1 ~
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THIS MOfiTGAGE. m;sde ~n~s .__l
ith _ day af ~~~.~'.ID~4I---._ . . A D,~9 Z~ _ , brt~re~n
~ Sam McPeak and ~ R. McPeak=_his wife_____ _ _ inn~~,,,.;~,~~ ,~K~
_ ~up Bank 9f St•_l.u~i~_S~~X--- - - - - - ih~p~~~.~~~~?:
IName ot Sun Bank! "
WITNESSETN, tnat Mo~tyayor, (o~ a~u1 ~n cons~derat~on of the prem~ses and ~n o~Ua~ lo se~[u~r the Vayment o) the Pr~nc~pal aixl
~nterest on the note (as here~naher delinedl, Mortgayor he~e4~y grants, ass~gns t~a~~sfe~s,and mortya~es :o Ato~ty.~gee, rts suc.esso~s aixl
asvgns forever, the~(ollow~ng descr~rcf ~eal p~op~~rty ~n Cou~~~y, Flo~afa. to wu:
A LIFE ESTATE IN AND T0
~ The North half of Lots 19 and 2Q, PINE VISTA SUBDIVISION, as per
plat thereof on file in Plat Book 9, Page 58, Public Records of
St. Lucie County, Florida.
~ Asc~tved • g/ In P~K Of TaooN
Due On Clesa "C" IntanpibNPw+~o~rlh~opwty.
~ q?rsusnt To ChapRK 71. 134. ~e. a~m.
ROGER PdTRAS $~2
Cie~k Circuit Court, St.1.uCis. Co.. F{~.
1',-; ~ _ ; - _ ~ ..i ' . ~ fllf0 AND REC~RUED ~
- i. . . , . ~ - ; i ST IUCIE COUNIY FLA.~ .
' % " , ~ ROC_q ?OITR~S
~ , . . , Y { , ~ cc~~ '.iGU~T CCl•~T ~
- ~ ~ ~ ~ ~ , . _ •r;~:,
. > .
. , _ _ ~ _ . s~r It s 4s AN'~8
~ - 41~768
(here~nafter re(erred to as the Mortgaged Propertyl; arxf the Mortgagor does he+reby fu~iy warrant the trtle to the Mortgaged P~ope~ty
and whl de(end the same aga~nst the tawiu~ cla~ms of all persons whamsoever.
PROVIDED ALWAYS, that ~f $am and Ivy R. MCPe3IC ihe Makeils) of that
(Insert NamElsll
certa~n prom~ssory note dated the date hereof 1 e Notel, their h¢irs, 12ga1 representatrves or ass~gns shall pay to Mortyagee
the p~~nc~pal sum of $ 3406. Z~F as ev~denced by the Note, w~th interest ar,ci upon the terms as prowded there~n, the f~nal
matunty date of the Note and ot th~<_ Mo~tgage be~ng September 11 ,~g 83 ,,~,h~ch Nore p~ov~des that.
a~t mstallments ot pri~apal and ~nterest are payable at ~he off~ce of Mortgagee, or at wch oiher place as the hulder may des~gna[e in
writmg, and that each maker arxl endorser agree to pay ail costs ot collect~on, ~nct~ding a reasonable attorney's fee, upon default ~n the
payment ot the Note, and that if default be made in the payment of any mstallment thereunder and that ~t wch defauN iz not made
good ~n accordance w~th tbe terms o( tfie Note, that the enure pnncipal wm and accrued, earned mterest shali become due and payable
w~thout notoce at the option oi the holder thereoi; and shall pertoim and comply w~th each and erery stipulatan, agreement arxi cov-
; enant of the Note and oi this Mortgage, then ih~s Mortgage and the estate hereby created shall be void, otherw~~e the same shall remam
j m full force. Maker covenant~to pay the mterest and pnnupal promptly when due. Mortgagor covenants to pay the taxes and aszess-
i '
ments on sard prope?ty; to carry lnsurance agamst f~re on the build~n9 on s~~d land for not less than S N , approved
by the Mortgagee, with standard mortgage loss clause paya6le to Mortgagee, the pohcy to be held by the Mortgagre and to keep the
E building on Sa~d tand m propet repa~r.
~
~ Thls Mortgage shall secure not only ex~stfng ~ndebtedness, but also wch futufe advances, whether wch advances are obL9atory or
~ ' to be made at the ophon of Mortgagee, or othe~wise, as are niade w~th~n twrnty (20) Years from the date hereot, to the same extent as
~ ~f wch tuwre advances were made on the date of the execuuon of th~s Mortgage, but wch secured indebteclness shail not exceed at any
, ; , J Lme the max~mum pnnapal arrount of $ ~ plus mterest, and any d~sbursemems made (or the payment
j _ ~ o( taxes, lev~es, or msurance, on the Mortgaged Property, with ~nterest on wch d~sbursements. Any wch future advances, whether
9 oblgatory or to be made at the opuon of the Mortgagee, or otherw~se, may bemade e~ther pnor to or a(ter the due date ot ihe Note or
' t.. ~ any other notes sewr¢d by this Mortgage. This Mortgage K given for the speat~c purpose of sewr~~g any ard all ~r.debtedness by the
` ~ Maker to (4lortgagee Ibut ~n no event sha11 the secured indebtedness exceed at a~y t~me t~e max~mum pr~napai amount set forth ~n th~z
paregraph) ~n whatever manner th~s mdebtedness may be evidenced or represented, unt~l.,th~s Mortgage ~s sat~sf~ed o( reco~d. All cove-
~ nants ~nd agreements contamed m th~s hlo~tgaGe shall be appi~cable to all turther adva~ces made by Mortgagee to Maker under th~s
~ future advance clause.
Should any o( ihe above covenants be b.oken then the Note and all moneys securec) hereby shall, w~thout demancf, ~f the
Mortgagee, so elect, at once become due and payable and ihis matgage may be foreclosed, and all costs and expensez of coilect~on and
~ :easonable attorneyz' fees, ~ndudmg costs, expenses and reasonable attorneys' fees on apP~~. ~f colfected by Iega~ proceeci~ngs or
` through an attorney at t~, shall be pa~d by the Maker, arxl the same are hereby secured.
~ ~ \ ~ ) •
~ ~ IN WITNESS WHEREOF. the Mortgagor has executed th~s Mortgage as ot the date f~rst above set fo~ch.
~ ! Sgned, led and delivered
~ ~n our esence: ~
~ ~ %r _ ~ ~~'~;i~ISEAL)
~ _ ~ _ (Mortgayo~l
_,f Cl ~ ~C_L 'L ~ ~ C ~ ~ ~C~L'-'/` _ _ ISEALI
Ihlortqagorl
.1 '
~ ` STATE OF Florida ~
~ ?
? COUNTY OF $t. Lucie ~ ,
- 1 HEREBY CERTIFY, that on th~s day, before me; an o~ficer duly,3uthonred m the State aforesad a~d m the Coumy a(oresa~d
to take acknowledgments, Re'sonally appra~ed S~ I~ _MePeak to me k~ow~ to be the per5on descnbed
and who executed the foreclo~n9 ~ns!rument ar+d ' thex I~cknow ged belore me that they executed the same.
, " ~ llth September
WITNE~Smy hand and o.hc~al seal ~n the County a+x1~St~~e ~ast aS resdid is day oi ,
~ A.D., 19 Zf . ~ . A
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