HomeMy WebLinkAbout1202 DIRECT NOwt1E IMPROVEMENT MVK 1(.iAl.,t 43039 ~-4
wtTH FUTURE ADVANCE
THIS MORTGAGE. made thrs 2nd _ day of JanllBr~-_V-.-_ A.D . 197_ - • ?retwern'
Bernard D . Cumnnins an_d Marv E . Cummins . his _Nf1LC--_ (Mortyayor) and
Sun Bank of St . Lucie COUnt-y _ - IMortgageel:
IName of Sun Bank)
WITNESSETN, that Mortgagor, for and rn consrderatron of the premises arxf rn order to secure the payment of the Vrrncrpal and .
rnterest on tht note las herernalter defrnedl, Mortyagor hereby grants, assrgns transfers and mortgages to Mortgagee, rtisuccessorsand
assrgr?s lorever, the following descrrbttd real property rn Saint Lucie County, Florda, to wrl:
From the Southeast corner of the South ~ of the SW ~ of the
SE ~ of the SW ~ of Section 19, Township 35 South, Range 40
East, run West 170 feet for Point of Beginning; thence. continue
West 60 feet; thence North 160 feet; thence East 60 feet; thence
South 160-feet to the Point of Beginning; LESS the South 40 feet
for canal. •
F~~EC :.~to RECOROE~
. _;.Ic+~ GAUNT: Y, Fl.a.
l 430439
1~ '79 I i PM ~ 2: S Z
~ RecMved ~ / ~ p~-psy„~n Of TIexN
• _ . ~ Dus On Class "C" Int~npibl~ P~tlonal Properly
L~ %t C F i``'. R ' Pursuenl To Chapbr 71, 194. Acb O. 1871. •
- ROGER POITRA$
CIe?It Circuit Cour>L S>4 LuCi~;, Co., Fly.
Iherernafter referred to as the Mortgaged Property): and the Mortgagor does hereby lully warrant the true to the Mortgaged Property
and wrrl defend the same agaenst the lawful claems of alt persons whomsoever.
PROVIDED ALWAYS, that r8Qr7'TtAYf~ D ~'iLmt1I17 T14 be M,a,7"~y_E ('-Umm1nS ,the Maker(s) of that
(Insert Name1s11
certain promrsspry note dated the date hereof (the Notel,.x~4~~" -hens, legal representatwes or assrgns shall pay to Mortgagee -
ttte principal sum of $ 6 O85 • 02 as evedenced by the Note, with rnterest and upon the toper~~ms as provided therein, the final
maturity date of the Note and of this Mortgage being .T.'aT111a1"'V ~ 6 19 03- , whech Note Drovrdes that
all rnstallments of pnnapal and interest are payable at the office of Mortgagee, or at wch other place as the holder may designate in
writing, and that each maker anti endorser agree to pay all costs of collection, including a reasonable attorney's fee, upon default in the -
payment of the Note, and that rf default be made in the payment of any rnstatimeni thereunder and that rl wch default rs not made
good rn accordance with the terms of the Note, that the enure principal win and accrued, earned rnterest shall become due arrtl payable
wrtfwut notice at the option of the holder thereol; and shall perform and comply with each and every stepulatron, agreement and cov-
enant of the Note and of ihrs Mortgage, then thes Mortgage and the estate hereby created shall be void, otherwrse the same shalt remain
en furl force. Make. covenants to pay the rnterest and principal promptly when due. Mortgagor covenants to Pay the taxes and assess-
ments on card property: to carry ensurance agaenst free on the tweldrng on card land for not lest than S NSA ,approved
by the Mortgagee, with standard mortgage toss clause Payable to Mortgagee, the polecy to be held by the Mortgagee and to keep the
burkieng on card land rn proper repau. '
i
Thn Mortgage shat! secure not only exrsung endebtedness, but also such future advances, whether such advances are obligatory or
to be made at the Opiron of Mortgagee, or otherwrse, as are made within twenty 1201 years from the date hereof, to the same extent as
rf wch future advances were made on the date of the execution of ihrs Mortgage, but such secured rndebterfness shalt not exceed at any
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trine the maxemum pnnupal ameount of S _ H ~ 0 plus rnterest, and any desbursements made for the payment
_ of taxes, levees, or rnsurance, on the Mortgaged Property, wqh rnterest on wch drsbursemems. Any wch future advarces, whether
- obirgatory or to be made at the option of the Mortgagee, or otherwrse, may be made either poor to or after the due date of the Note or
any ocher notes secured by ihrs Mortgage. Thrs Mortgage rs geyEn for the SpeCefeC purpose of securing any and all tndebterlness by the
_ Maker to Mortgagee (cwt rn no event shall the secured indebtedness exceed at any trine the maxrmum pnnupat amount set forth rn ihrs
9 - 1-+~ paragrapnl rn whatever manner ihrs endebtedness may be evidenced or represented, until ihrs Mortgage rs sats!red of record. Alt cove-
- y ~ Hants and agreements contained rn thes Mortgage shat) be applrcabte to all further advances made by Mortgagee to Maker under ihrs
~ +utr:re advance clause.
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f"~ Should any of the above covenants be broken then the Note and aft moneys secured hereby shall, without demand, d the
A,loetgagee. so eject, at once become due aril payable and ihrs mortgage may be foreclosed, and all costs and expenses of collecteon and
= w~ •2356n3bt2 attorneys' fees, rndudrng costs, expenses ancf reasonable attorneys' fees on aPPeal, rf collected by legal Proteeclrngs or
through an alto: Hey at law, shall be paed by the Maker, and the same are Hereby secured.
•----r~tlwp' IN WITNESS WHEREOF- the Mortgagor has executed ihrs Mortgage as of the date fast atxtve set forth.
J, ` s~gnrd. SeJted and de:rverecf Be rd ' ns
.n our presence- ~
~ - ~ . ~ ~ (SEAL)
(.t7 (Mortgagor) _
~~j ~ ~~~!/hL_?L-t C 1~.~_ ISEALt
G - ~ r
o ~ Mary E. Cummins
r r r STATE OF Florida ~
~ ~ COUNTY OF St . Lucie I
f~ 1 HEREBY CERTIFY, that an tars day, before me, an pffecer duly authorezed m the State aforesaid and .rr the Coumy aforesaxl
"r7 y .
~ -
to taro acknowledgments, personauy dpp:!arKf $arnard D _ & Merv E _ _ t~ me known to l~ t ppjson described
~ - - ~ ~ Cum~nin~s ~ ~4-.- ~
~ + .n arld .vtto executed the rorego.nq instrument arxi hpv -cknowledgec tteforE me thatt~jQ~~ a;eaeited~h¢ same.
T ~
- _ = WIT $S my hand acd off;r:al seal .n ;ne County and State last aforesaed this 2IId dayo~
_ Nota*y Public _ f,~ "
_ - ~ ~ R hty Commesseon Ex~11<IiMiatif.(1 Sh•tth~y~y,~.J.Tri.~ly ~c ,1•=f. ///1~~~~j
gL•0!( PAbE119~ If,bt 91 •~?.ws .r d ~.~x;,
~ 77 3~IV1 lr rrQ l s., r~ _C 1 . Y-~fi
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