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HomeMy WebLinkAbout1116 DIRECT HOME IMPROVEMENT MUK 1(,Al,t 43o3~ti ~ WITH FUTURE ADVANCE THIS MORTGAGE, made this A t~~~-- day of J8T1L1A~1-_-________ A p., t9 7~__. , hetween~ ' y~II~II~Musarr8 and ~ IMortyayorl and Sun Bank of St. Lucie County _ (lytortgageel: (Name of Sun Bank1 WITNESSETH, that Mortgagor, for and in consrderaUOn of the premises and in order to secure the payment of the pnnupal and rnterest on the note las hereinafter defrnedl, Mortgagor hereby grants, assrgns transfers and mortyages to Mortgagee, its successor and assrgns forever, the toUOwrng deuribed real property in .St • Lucie County, Fbrda, to~wrt: Lot 4, Block 395, PORT ST. LUCIE SUBDIVISION, SECTION 6, according to the.plat thereof filed in Plat Book 12, page 36 A thru D, public records of St. Lucie County, Florida. STATE FLG~-?~.r~t'~ 1 • rOCUMENTARY •`_-.~STL?MP Ilitt+ ' ~r T. OF F2EVE"iirF .y,-. - ~ I•)Il t'±:~`~_' ~ 16. 0 5 ~ ~+Lcc A"~ ceurcoROEO°. _ - ~y ~1 1 1. ~ ~ Y, Fla. . / ~ 430388 +'~,t~ ~MceMed ~ ~ '79 ~p~j I I ~M I 1 ~ ~5 U ~ Dlte On Class In Payment pr Texas "C" Intangible P:.; q Pursu o ~alPr - ~1 ant T Chapter 71, 134, %?cts Of 187~~Y~ ' •''~.r ROGER PpI7RAc /1~ ~~LI~RK C~ ~U!' C.:°, Clerk Circuit Court, St. Luae, ro„ FIe, (fterernafter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby fully warrant the tide to the Mortgaged Property and writ defend the same against the lawful claims of all persons whomsoever. PROVIDED ALWAYS, that if ti>rs ~"t anr~ Rngp ~u$grra ,the Makerls) of tFwt a.L Ilnsert Namelsll certain promissory note datedLtnhe~datCe~hereof (the Note1,~- hens, legal.representatwes or assrgns shall pay to Mortgagee the prmupal sum of S .~.0-Twi.~-.~•.~-- ~ ~'denced by the Note, with rnterest aril upon the tper~ms as Vrov+ded therein, the final maturity date of the Note and of this Mortgage being ~l-~ ~ , 19 ,which Note provides that a ail installments of principal and rnterest are payable at the office of Mortgagee, or at wch other prate as the holder may designate in writing, and that each maker and endorser agree to Pay all costs of collection, rnctudrng a reasonable attorney's tee, upon default rn the payment of the Note, and that ~f default be made rn the payment of any installment thereunder and that rf wch default rs not made good in accordance with the [arms of the Note, that•the enure principal win and accrued, earned rnterest shall become due and Payable without notice at the option of the holder thereof; arxf shall Vertorm and comply with each and every stipulation, agreement anti cov- enant of the Note aril of this Mortgage, then this Mortgage aril the estate hereby created shalt be void, otherwise the same shall remain in full force. Maker covenants to pay the rnterest and pnnupal promptly when due. Mortgagor covenants to pay the taxes and assess- ments on Bard property; to carry insurance against fire on the lwrkling on said land for not less than S NIA ,approved by-the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the 1 buadrng on card land rn proper repah. This Mortgage shall secure riot only exrsunq +ndebtedness, but also wch future advances, whether such advarxes are obligatory or r' - to be made at the option of Mortgagee. or otherwise, as are made within twenty (201 years from the date hereof, to the same extent as i rl wch future advances were made on the date of the executron of this Mortgage, but such secured indebtedness shall not exceed at any i ~ trine the maximum pnnupal amount of S iQ ~ 0 ~ plus rnterest, and any disbursements made for the payment , - ~ of taxes, tevres, or insurance, on the Mortgaged Property, with rnterest on wch disbursements. Any wch future advances, whether : - obligatory or to be made at the option of the Mortgagee, or otherwise, may be made either prior to or alter the due date of the Note or - any other notes secured by th+s Mortgage. This Mortgage rs gwen for the speCJrc purpose of securing any and alt indebtedness by the ~ Maker to Mortgagee (twt m no event shall the secured +ndebtedness exceed at any time the maximum pnnupal amount set forth rn this 3-a paragraph) m whatever manner this indebtedness may be evidenced Or represented, unt+l this Mortgage rs satisfied of record- All cove- - ~ Hants and agreements conta+ned +n this Mortgage shall be appircable to all fur•,her advances matte by Mortgagee to Maker under this ~ a future advance clause. ~i ter.. ~ ' $hould any of the above covenants be hroken then the Note and all moneys secured hereby shall, without demand, rt the ~ Aloe tgagee, so elect, at once become due and payable aril this matgage may be foreclosed, and ail costs and expenses of collection and y; reasonable attorneys' fees, including costs, expenses and reasonable attorneys lees on appeal. rf collected by legal proceedings or through an attorney at law, >hatl be Raid by tRe Maker, and the same are hereby secured. -r"~' IN WITNESS WHEREOF, the Mortgagor has execureti th+s Mortyage as of the date f rst above set forth. _ ~ _:J; Srgned,hvaled and detrvere V' t Musarra s: ,n our e,ence - ISEALI IMortgagorl F+-- Rose usarra ~ STATE OF Florida ~ COUNTY OF St , Lucie - 1 HEREBY CERTIFY, that on this day, before me. an oft;cet ~uly.autfionretl to the State aforesaxf and rn the County aforesaid [t tO take acknoroledgmen*, s, pe•sGnally appearectV ~ _ ro me known t0 be the person described t ~ executed the same- m and who executed the foregoing instrument and __~~Q ~ r,~ sue' ft~acknowkdged pefore me that ~he~L_ _ 1NITNESS my hard and offrc:ai seat .n the County and S'tate~taif aiorESa~d 1Fus~~-- day of ~ ! ~lyQ/.yR~ r , v V~IJ~ :1 J y ' qpi MIIC STATE OF t~ORlt~l1 AT U~ U R `.MYCommita~JExpires: Mt CuMM?SSIfJN.IrVIRES 0?C 3 ItiBt IOnofD trfeu r,~trELlt ra . f,JtdDEtwRITE~ sofa-A00-7 Rev. sin - , • ,.....~e..,. # ~5: ~u r Y ~ rti 3 ~