HomeMy WebLinkAbout0646 t:iRECT NOA1E IMPROVEMENT MORTGACiE ~~44~y ~
;`r 1 T M FUTURE ADVANCE
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16th November . A o.. ,978 . ~,~~wre~ .
THIS MORTGAGE. ~nade th~s t~v a~
_Slr1 _TheodQre Theodorop4ulo~ and ~,y Theodor~gs~u14~.-11i~--l~tife y---- iti+p~t~,~~~? ~~a
Be':~t Sun Bank of St. Lucie Coun_ c~___ ^ ~h~o~ty;~~~.
[Name ol Sun Bank~
WITNESSETH, that Mortg~jor, for and ~n cons~de~af~on ol the prrm~ses arxf ~n order to sewre the paym2nt o~ the pr~nupal a~d
~merast on the note (as he~e~nateer del~nedl, Mo~tyayo~ he~eby g~ams, ass~9ns translrrs and mortgages to Moitgagee, ~ts successors and
ass~gns ~orever, the lollow~ng desad~ed ~eal p~operty ~n $t. i'uCie _ C~unty, Flor~da, w wn:
That part of the North ~ of Lot 16, lying ~ F~L~D ANO° RECORDEb! S
between .old U.S.#1 and new U.S.81 in ST, LUCIE COUNTY, FLA.:
O Russell Estates Subdivisioa, Section 28, ~:r~pi=0 Vr~~F1ED
f~ Township 34 Seuth, Range 40 East, recorded ~~4~~
. in Plat Book 1, page 186, St. Lucie County, ~~8 N~ 20 ~ ~ S~
\ Florida.
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- CLERK,C.RC~lT C~t'~T ~
(This is a 3rd Mortgage) ;
aacelved P~~ a Ta~as i
On Clpss '•C•• p~p~~IPtopMq• :
. ---r i~u?1~.... 1 oue h «7t .~at~71. r
'i ; - ` to C ~ 134
r , r M ' i
:?C' _,r~lc~v _ l:N~ s• ~ Pu sua R~R POITIUIB$~
, - ,J:. 'i , :~'E_hl'. ~ .u1C~.~.O FM. ~
_ , _ _ _ ~ -f ~ 1 ~ 7 ~ f Clark CIiCUIt COUn. St "
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_ Ihere~nafter refe~reci to as the Mortgagcd Property); arxl the Mortgagor does hereby tu~ly wa~rant the t~tle to ihe Mortgageei P~ope+ty '
F
and wni defend the same aqa~nst the lawtui cla~ms of all persons whomsoeve~ . `
PROVIDED ALWAYS, that ~r Theodore Theodoropoulos and Amv C. TheodorooctuJ.ioe~~,~h~s~r~fe =
jlnsert IJamelsll 3
s
certain pro~~ssory ~ote dated the dace hereot It~~e Notel, thej'I heus, Iega: representatrves o~ as>~gns shail pay to Mortgagee ~
thr prmc~pal sum of $ 11~7~4.92 as ev~denced by the Note, w~th ~nterest anci upon ihe tarms asprov~ded ihe*e~n, the fina! ~
matunty date of the Note and of th~s Mortgage bemg December 1 , 19 , wh~ch Note prowdes that 3
all ms~alEments of prmupal and mterest a~e pavable at the otiice of Mortgagee, or at wch other place as the holder may designate in ;
wr~t~ng, a~d that each maker and endorser agree to pay al1 costs of coliect~on, includ~ng a reaso~~able attorney's fee, upon default in ihe ;
payment oi the Note, and that ~f de(ault be made ~n the payme~t oi any ~nstaliment thereunder artd that ~f such detautt K not made
good on accordance w~th the terms ot the Note, tnat [hr enure pnnapal wm and accru~cl, earned mte~est shall become due and payable
~+rrthout not~ce at the opt~on oi the hoider the~eof; and sha!I perform and comply wrth each and every st~putat~on, agreement and cov- t
enant of the Note arxf of th~s Mo~tgage, then th~s Mortgage and the estate hereby c~eateci shalt be vo~d, otherw~se the same shafl rema~n
~n tull force. Make~ cove~ants to pay thP mterest and pnnupat promptly when due. Mortqagor covenanis to pay the tazes and assess-
me~ts on sa~d property: to carry ~nsuran~e agamst f~re on the tw~W~ng on sa~d tand for not lesz than S n~a , approved ,
by !he Mor[gagee, wrth starxlaid moatyage ioss clause payable to hlortyagee, the poi~cy to be held bY the Mortgagee and to keep the
bu~id:ng on sa~d land ~n proper repa~r.
Th,s Mortgage shall secure not o~ly ez~st~ng nxfebtedness, but also wch fuwre aeivances, whether wch a[ivances are obigarory or
; to be macfe at the opt~o~ of 1Aortgagee, or otherwrse, as are made wrthm [wenty (20) vears from the date hereof, to the same extent as
f wch future advarces ~tiere made on the dace of ~h~ execuUOn of th+s Mortgage, but zuch securv_cf mdebteci~ess shaii not exceed at any
~ ~ p :~me the max~mum pnnc~pai arnount ot S- n'a p~us mterezt, and any d~sbursements ma[ie io~ the payment
U oS taxes, Iev~es, oi ~nwrance, on the Mortgay!~f Prope~ty, w~th ~nteres( on wch d~sbu~sements. Any wch future advances, whether _
~ y obl~getory or to be made at the ophon of ~he Mortgagee, or otherw~se, may be made e~the~ pr~or to or aiter the due date ot the Note or -
~ - ~ any othe. notes secured by th~s Mo~:gage. Th~s Mortga9e ~s g~ven for the spea~~c P~~W~ a~ secur~ng any and an ~nclebteclness hy the ;
~ ~ Maker to Mo~tgagee Ibut ~n no event shalt the secured ~ndebtedness exceeC at a~y t~me the max~mum pnnapal amount set forth en th~s ~
~ _ a parayraph! ~n whateve. manner th~s ~~ciebteclness may be ev~denced or rep:esented, until th~s Mortyaqe ~s sat~sf~ed ot record. A~I cove- ;
nants and ag~eements caniamed ~n th~s F.io~tgaqe shaii be appi~cablP ro al1 further advances made by Mortgagee to Maker under th~s
~ fufu~e aclvance clause
~ O C1~
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Snouid any of the ~ove covrnants be b~oken then the Note and a!I moneys secu~ed he~t:bv shafl, wrthout deinanct, :f the
_ O O ;,~ortgagee. so etect, at once become due arxi payabte and thiz mortgaye may be foreclosed, and a11 cozts and expenses ot colleci~on and
reasonab~e attarneys' f~s; ~ndudmg costs, expenses and reasonable attomeys' ~ees on appeal, ~f co~iecced hy ~ega~ P~oceedmqs or
through an atio~ney at law, iha~: be Pa~c1 by the Maker, and the same are' hereby secured. ,
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- ~n ~ IN WITNESS WHEREOF, che 5~for,qagor h~s ex?cuted th~s Mortgage a> ot ;he date first atmve set ',orth.
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S ynecl. ~ealetf and Ae,.vered
,n o~. n' sence
~ ~ - ~ -
~ L ~ iSEALI
~ . ihtori ago,i
~ ' ~ ~!'l~/3"fSEAII ~
- ~ (Mortqago~) _
~ STATEOF Florida > ~
~ ~ 4
~ COUNTYOF $t. Lucie ~ F ;
~t. ` -
1 HEREBY CERTIFY, ~r,at on ~r~s ciay, be`o~e me, a~ off~ et tie~~i G`~ytFtes`pe~1 m the State aforesaKf a~x1 ~n the Coumy atoresa~d
~ Theodore ~OdOrOpb11~08 Slld~o~p e known io be ihe r n
~ to sake 3cknp~vl?Ogme~ts, penona~~y .~t~prared ~ OYOpO_ 08 S ii~Ie p° 5° ~escr~bed
i and ~tiho execuiW ~hv fo~eyc~nq ~n5trumant an~ y~~~~~ aCknOvst?d~ed belore me that they executed the same.
~ WITNESS my hand a~d off,c:at sea~ ~n r^e Coun~~ and Statg ~ast+a?o _ th~s _ day of NOVeIDber ,
~ A0.19_l~ . . •
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