The URL can be used to link to this page

Home My WebLink About0140 DIRECT HOME IMPROVEMENT MORTGAGE sV~VI~~ ~ i~vITH PUTURE AOVANCE ~ THIS MORTGAGE, made th~s I~~ ~y o~ January , A.O . 19 79 , between' David M. Presnell and Settie L P~'P_Q11P~ N~ ~ wi ~Ma„9,~~? a„a Sun Hank of St. Lucie~ County iMo~l~?: (Name of Sun BankJ WITNESSETN, that Mortgagor, 7or and ~n cons~deratan ot th~ prem~ses and in orde~ to secure the paVme~t of tAe p~~naps~ and ~nter~st on th~ nott (as here~nalter det~nedl. Mort9a9or hereby g~ants, au~gns iransfe~s and maigages ~o Mor~yapee, ~ts successors and au~9ns ~or~vver, the follow~ng descnbed real property ~n St. Lucie Coumy, Fbrda, ~o w~~: ~ Lot 20, and the South ~ of Lot 21, Block l, SILVER LAKE PARR ~ SUBDiViSION, as per plat thereof on file in Plat Book 10, Page 4, of the Public Records of St. Lucie County, Florida. . ~ ~~~.EO arro - c~ , V , ~ R~CORD~Oi , ~ ~ - , L?UNTY: FLa. 0 ~OI~CI•i~s ~ ~11n~K OIT~ _ r.'r 1. n ~~f1~~~MrsOfylhpp~fty~ . , ~16,24 ~?sw~ To cn.oa. r, ~s~„ ~as o~ . -~9 JA;U 23 AM ~ ; 28 ~ ~ ~ p'°iTM"s ~q ~/1 ' ~0~• ~ ~r ca. l~fii. ~ Cl.~ RK ~ ' • . % .r?T'~.? . i T ~ . .,,-:oJ~~ E _ ~ -•~~,.r.~ ~ ~c Tj3D (hereinaiter reierred to as the Mortgaged Property): and.the Mortgagor does hereby tully warrant the trtle to the Morigaged Property ~;,~r»....~ and wnl defe~d the same aga~nst the lawful cla~ms of ail persons whortisoeve~. ~ '-~-{Dm PROVIOED ALWAYS, that ~i. naV~CI M.- Pre~nell and Bettie L._ Prean~3aake?~s?ortna~ ~ ~ _ . . (Inse~t Namelsll ~ Y%rti' ` oertam prom~sspry~ note dated the date hereof (the Notel,~ ~~rs, legal repre:enlatrves or ass~gns shali pay to Mortgagee ,,o-~: ~ ~ ~ ' } the pnnc+pal sum of 5 3, 095 _ 72 as ev,denced by the Note, whh ~nterest and upon the terms as prov~ded there~n, the hnal .e - ~ t i` matur~ty date of the Note and of thn Mortgage being `7dI1 • 21 , 19 _ 82 , wh~ch Note prov~des that i •-I ~ i~'~} alt instatlmenis oi pnnc~pal and interest are payable aL the oftrce of Mortgagee, or at wch other place as the holder may Aes~gnate io + : r' writing, and that each maker and endorser agree to pay all costs ofcolleciion, includ~ng a reasonable attorney's tee, upon default m the ~ ;3Ti~ payment of the Note, ard tnat it detault be made ~n the payment of any mstallment thereunder and that wch default K not made ~ ' 'i•~ gooci m accordance wrth the terms of the Note, that the entire pr~napal wm and acuued, earned ~nterest shall become due and payable ~ j`r--~; wrthout not~ce at the option of the holder thereof; and shall pertorm and comply w~th each and every stipulat~on, agreement and cov- ~U ena~t of the Note and of ih~s Mortgage, then th~s Mortga9e and the estate hereby created shau be vo~d, otherw~se the same shall remam ~ - ~ r y>. ;n tull (orce. Maker covenants to pay the mterest and pnnc~pal promptly when due. Mortgagor covena~ts to pay the taxes and assess- ments on sa~d propaty; to wrry ~nsurance aga~nst fue o~ the bu~ld~ng on sa~d land tor not tess than $ n/a , approved by the Mortga9ee, w~th standard matgage bss clause pay~le to Mortgagee, the policy to be hefd by the Mortgagee and to keep the bu~ld~ng on sarcl land m proper repau. Th~s Mortgage shall secure ~ot only zx~zung ~ndebtedness, but also wch future advances, whether wch advances are oblgatory or to be made at the opt~an of Mo~tgagee, oc otherw~se, as are made w~th~~ twenty 120) years trom [he date hereof, to the same extent as rf wch fuwre advances were made on the date of the execuuon ot th~s Mor~gage, but such secured mdebtedness shall not exceed at aoy Y I~ , _ ~ ti t~me the max~mum prmcepal amount of S__11~a plus ~nte~est, and any d~sbursements made for the payment ~ of taxes, lev~es, or ~nw~ance, ort the Mortga9ed Property, w~th mterest on wch d~sbursements. A~y wch tuture advances, whether i W ~ oblgatory or to be made at the opuon of the Mortgagee, or otherw~se; may be made e~ther prlor to or at[er the due date of the Note or ~ d ~ MM any other nutes secured by th~s Mortgage. Th~s Mortgage rs g~ven for the spec~l~c O~~Pose ot secur~nq any and all ~ndebtedness by the ` ~ . Maker to Mortgagee (but ~n no event shalt the secured mdebtedwess exceed at any twne the max~mum pnnapat amount set forth m thls i i paragraph) m whatever manner this ~ndebtedness may be ev~denced or rep:esented, unul th~s Mortgage ~s sat+st~ed of record. All cove- f J nants and agreeme~ts conta~ned ~n th~s hlortgage shali be app3~cable to a~l lurther advances made by Mortgagee to Maker under thn ~ f ~ ~ future advance clause. ! = ~ ~ . 1 Should any of the above covenants be broken then the Note and a~~ moneys secur¢d hereby sha11, w~thout demand, ~1 the E - Mortgagee, so elect, at once become due and payab~e and th~s mortgage may be (oreclosed, arxi at1 costs a~d expenses of coliectron and ~ reasonable atrorneys' 5~;, mNud~ng cosn, expenses arxl reasonable attomeys' tees on appeal, collected by legal proceed~ngs or ~ = r--{~ through an attorney at law, shall be pad by the Maker, and the same are hereby secured. 7 r-t ~ IN WITNESS WHEREOF, the Mortgagor has rxecuted fh~s Mortgage as o( the date (~rst above set !orth. = Fa ~ i~ Sgned, sea~ed and de+rvered ~ ~ m our resence' ~ ~ ~ ~r { ' _ ~s u ; ~ Q p id M.~ 1 ~ ! ' 0'G~Gc • fSEALI ~ r ~titorcyayo,) STATE OF Florida ? Bettie L. Presnell s St. Lucie ~ ` COUNTY OF 1 ~ 1 HEREBY CERTIFY, ihat on th~s day, trefore me, a~ ofi~ce. duly author~red ~n the Srate aforesarcf and ~n the County a(oresa~d € to take acknowledyments, perspna~~y appea~ed i~a~.,,.$ ~ ~~en~v~n to be the person descr~bed # ~ ~a ? a~d who executed ~he tore ~n ~nztrumen: arx! J'" ~le + go g I1c4~~~~~`~aCknawledged b?tare me shat Y ezecuted the same. ` ~ . l . . . g WITNESS my hand a~+d off~c~at seal ~n the County a~ St~e.~ ,~~~sa~d tAis day ot _ T~ ~ , € A.O., 19 . Y^ 4' ~ ` - . r f ~ _ ~1~ _ • . . . t~~ b~ ' QO~;~ ~ ~ MY Comrr~rss~ Expnes: ~1~~ ~UlLIC LTA~ Oi fLCRIQA AT LA~ d P 1 ~~~~~~IN~F ~~L Mr CUMM~SSIUN ~1IIRFS OEC. ~ 19iZ ~a~ow ir~eu c~t Mt. u~aawute~t ' F a-so~4-o00~~ Rer. sm F , . ~ ~ ~ ~ _ ~ . - - - - ~ ~ ; ° _ - ~ _ ' _ _ . :