HomeMy WebLinkAbout1568 ~YITH fUTURE ADVANCE ~ ~ ¦V¦~ ¦ V/ V¦. 1
THIS MORTGAGE, made th+s 9th January bbb 79
_ - day of _ A D 19 brt~srrn'
__Jose~h W. Yates,_Jr._ and Elizabeth.G.__Yates,_h.is_wife - - - (Mortyayc„1 ,,,rl
Sun Bank of St._ Luc_ie County_
Ihtorigagr•r1;
INJme o1 Sun BJnk!
WITNESSETH, that MortyJyor, for aril +n cons+drrat+on of the prem+,es anti +n onlter 10 secure the payment O) the Prrnc+pal and
- +nterest On the note IJS nrrernalter del+necfl, Mortyayor hereby grants, ass+yns trJnslrrs and nwrtyayrs to Mortyager, +ts successors aril
assigns forever, the follow.ng descr+bed real propCyty rn __St._LuCie COUrt•ty, Florxfa, to wit:
All that part of the North 141.57 feet of Lot 4 of the plat of C.T. McCarty's
Subdivision of Government Lot 2, Section 23, Township 35 South, Range 40 East
as per plat thereof on file in Plat Book 1, page 198, Public Records of St. Lucie
County, Florida, which lies East of the East Right of way line of-the Florida East
Coast Railroad and
That part of the South 94.4 feet of Lot 4 of said McCarty's Subdivision which lies
k'est of the West Right of Way line of the Florida East Coast Railroad except the
West 440 feet thereof.
(This is a Second Mortgage)
' ~ t/ Received 8 ._.~Z_.~ In Pav+~~nt Ot Tt~xets
S, ..n ~c-C0~2CED
- • + ; Y, F ~ due On Class "C" Irri¦naibie PeTSOn¦1 Proporty,
C. l1
~ ~ 'Q666 - Pwsusnt To C 1.1~~ Ot 1,71.
1 43 ~~1~
S ~ ~ ~ 5 9 : 4 8~ ~ a.~l a?wi< coin, s~. tyoM, a?. A..
- p (hereinafter referred t0 as the fylrxtgaged Propertyl; ant the Mortgagor does hereby fully warrant the tale to the Mortgaged Property
and wnl deferxl the same
_ aga+r>St ?hte ta?~ui eta+ms of all persons whomsoever. -
- _.cD~ - - Jose h W. Yates Jr. and Elizabeth G. Yates
, `'3 PROV'il7~Ut~ALWAYS, that rt p ~ the hlakerls) of that
r jlnsert Namelz?]
< ` their
- - r~7tj certain prom+ssory note dated the date hereof Ithe Note1, _ hews. legal represenia2+ves or assigns shat) pay to MOrty..gee
' ~ the pnnc+pat sum of $ 8,485.6U _ as ev+clenccd by the Note, wrth +nterest arct upon the terms as prowdtd there+n, the irnal
-i maturity date of the Note and of th+s Mortyage being January 6 19 _84 , which Note prov+des that
all mstaliments of pnncrpal and ,nterest are payable at the otf+ce of Mortgagee, nr at wch other place as the holder may desrynate m
- wr rtmg, and that each maker and endorser agree 10 pay all costs of coilect+on, rncludmy a reasonable attorney's (ee, upon default m the
payment of the Note, and that +f default be made rn the payment of any rnztaNment thereunder and that d such default rz not made
-Y IL-~ ' good rn accordance wNh the terms of the Note, that the entire pnncrpal win arxl accrued, earned +nterest shall become due aril payable
' ~ j ~ without nOt+ce at the option of the holder thereof, aril shall perform artcl comply wrth Each and every sLpw at.on, age e•trrnent arxl cOV-
_ ~ enanr pf the Note Jrx1 of this Mortgage, then th+s Mortgage and the estate heret,y creat+xl shall be vOrd, otherwise the same shall remain
_ a. +n full force. Maker covenants to pay thn ,nterest and pr+napal promptly when due Mortgagor covenants to pay the taxes and assess
- merits on sail property, to carry insurance against hie On the tw+ldu,g on card iancf for not less than $ ~ ,approved
'j - ~ by the hluryager, wrth ztarerlard mtxi+;age toss clause payable to Mortgagee, the p0!.cy to be hekf by the Rlortyaga•.-•. end to keep the
u: bu~lc}:ng on sa+d land rn Proper repau.
Th,c Mortgage shall secure not only exrsung +rxfebtedness, but also wch lutwe advances, whether such advances are obl+gatory or
~ to be m,xfe at the option of 410rtgayee, or otherwise, as are matte wrrhu, twenty 1201 years from the date hereo(- to the same extent as
r ~ of such fu?ore advances were made on ?he date of the t•xvCUtron of th+s MorsyJge, but such securer] rndebttxlnesz shat! not exceed at any
~ _ w t,me the maximum pnncrpal an.ount of $ ~ plus +nteresi, aril any d+sbursemehts matte for the payment
4J of taxes, ~ev+es, or esurance, on the Mortgaged Property, w+th interest on wch desbwsememz- Any such future aeivancr•s, whettter
E = 1V. ~ obl;yatory or to be made at the option of the Mortgagee, or otherwise, may t,e made ether prior to Or after the due date of the Note or
! ~ any other noes zecurod by ;his Mara{age. This RSoctyagr +s gwen for the spec,f+c pu•{sOSr of s:ccunng any and ati indebtedness by the
F R!aker to Rlortgaaee tout .n no event shall the secured rndebtE•rlness exceed at any ume the maximum pnncrpal amount set forth rn this
_ parayrapht .n wha?ever manner :his uxieb?erfness may t,e ewdencerf or rep:ezc•ntCnf,-until th+s MOrtya:;e ~s satrt+ed of record. All cove-
y~ nand and :,yrtwments contJ:ned ere this Morty,rye shall be appl,cable to all further advancfs mJd+• by hlrnic;eyetr to hlak{rr under this
:j-+
. ~ tutu,e :xivareee clause
~ ~ Should my of th+> abOt~e covenants he b•o~en thirn the Nrsie and all mOneyi secun~rf hereby shat, wahout demantt, tht•
k Rto-tyayee, so 2°eet. a? once become due arxl payable and sh+z morioJge may~rK-• forecioxd, and all cos?z end exp+•nses n( c_oliecnon aril
~ ~ e.•.rsonahie atto•neys~ fees, mciud~nq cults, •'xpensea ant reasonai;le attorneys' fees on appea, .t conectt•d by h•yat procwtd+ngs or
_ ~ •~•cr..,ah sn a?+or•ery at :av:, ,haft b~ p.+rd (_+y t•u. Makt•r, arxi tt,e ;amc• a*e t,er.:by zt•curt,•d-
.
O
~ tN WITNESS 1'JHEP.EOF, rh.• M.orh:aao- ''as =~x. cur.~ci rh„ h1o•t+;.rye as of **-f,e date f~•sr ,,Ur,yt• set to-'+
~ _ a
$;yn••d. v'3 ~t1 „n[f de•w.•red
~n Our P^CE
~ - - - - - ISEALi
~ j~`- - iR1or t ,ayo• 1 i
a
Florida
STATE OF i
t
5 COUNTyOF $t. Lucie +
_ - ~
i HEREBY CERTIFY. ?tea! pr. ?h~5 ;lay, t5ef0'•` me, do ~.~1f,C.'• r1Uiy oi,ih0n7!t1 +n the $lntr afpre•SaK1 lux) ill it{~COLnty'Af~yesard
s •c ,st•.. ,cknOr.:ed_~ments, oe-~o~~a'iv .,;>n°a~-•d JOS~h _W. -Jr. EliZabeth_G..,e~1~Pn~r:n to tie,tFie per~sa!Tlaestrrtiy~.
L
,rid .zho raecuted th.• fOr..yo -,u , n.. n, and _ they - ,ckno:redaect ir•fore m+• ih;,r -_th~y: e,rt{c!,'teti.thr,~rte.+. -
~y1TNE~S~my a,.o .3.,r1 0+` ~.a .,a~ r Cour ty .,r+d Sre, • Js• afOr+~,a, rh , _9th _ Ja~da:y s
_ da of
-
Norary Pubt+c
O R ~n ~+r~ my Coinr~1 +55,On Exp~rP~TAEy Plr'~ STATE of sC'?RID'• 41 R/?4~
SUOKJVI PkCE15UJ. Myco.~,Mr:stoNEU?RESIiM" ZfS s;e1
~ 5014-000-7 Rev. 8177 tONOED Thfev (,ENEkA? f~/1. 1; -~•_f..'RI';.~
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