HomeMy WebLinkAbout0719 ~IRECT HOME IMPROVEMENT MORTGAGE Q~,~',~~
rI~ITH FUTURE AOVANCE
THIS MORTGAGE. made ~h~s 22nd day ol ~~~~~V . A.O., 19 -l-3-- . betwee^~
~~~eder; ~k F itatiiff III and Sharnn ,_._RAtI_~,.f f_, hj a-~i,fe- IMo~tgagorl a~a
Sun Bank of St Luci,e Count~ ~ - ~Mo~~~?:
lName ot Sun Bank] '
WITNESSETH, thai Mortgagor, (or and co~sidera~~on of the prem~ses and ~n orde. ~o secure ~he payment oi ~he pnnupal and
~nterest on tha r+ots (as here~na~tK delmedl, Mortgagor ~erebY grants, au~gns transters and mortgages to Mortgagee, ~ts successors and
au~gns ~orwe~. the foUow~ng descr~bed real properlV ~n St ' T uci Q Counry, Fbrda, to w~t:
The West 75 feet of Lots 8 and 9,. Block 2, ~DG~WOOD ACRES, as
per plat thereof on file in Plat Book 10, page 3, of the Pab~.ic
Records of St. Lucie County, Florida.
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~E :,~r _~p ~ LIiZA~~.B~ ~S Of 1971•
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(here~natter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby tu~~y warrant the uUe to the Mortgaged Property
t.=~; ; ~ and wifl defend the same aga~nst the lawful Na~ms of all persons whomsoever_
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a~ ~ PROVIDEO AIWAYS, that , the Makerls) ot that
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certa~~ prom~ssory note dated the date hereof (the Notel,-.;",~;°~~r-- ~~~5• representatrves or au~gns sha11 pay to Mortgagee
. ~ ~ the principal sum of S~?-i-~-F-r . 8 s-- ~~~enced by the Note, wuh mte~est and upon the terms as prov~ded therein, the f~nal
maturity date of the Note and oi thls Mortgage be~n9 7 6 . 19 rihlch Note prov~des that
all instaltments of princ~pal and interest are payable at the o(tice of Mortgagee, or at wch other place as the holder may designate in
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vK~ting, and that ~ch maker and endorser agree ~o pay all costs of collection, includ~ng a reasonable attorney's (ee, upon default in the _
payment oi the Note, and that if deiault be made in the payment of any ~nstallment thereunder and that ~i wch detautt is not made
good m accordance wrth the terms ot the Note, ihat the entrce pnnapal wm and accrued, ear~ed mterest shall become due and payable
w~thout not~ce at the option of the ho~der thereof; a~d shall pe.form and compty w~th each and every st~putata~, agreement and cov- 2~
enant of the Note and oi chis Mortgage, then this Mortgage and the estate hereby created shafl be vo~d, otherw~se the same shall rema~n
in full (orce. Maker covena~ts to pay the interest and principal promptly whe~ due. Mortgago: covenants to pay the ~axes and assess-
ments on Sa~d proQetty: to carry msurance agamst fire on the bu~kling on sa~d land tor not Iess than § N~A ~ , approved
by the Mortgagee, w~th standard mo~tgage loss clause payable to Mortgagee, the pol~cy to be held by 1he Mortgagee and to keep the
bu~ld~ng on sa~d land in proper repa~r. •
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i This Mortgage shall_ secure not only ex~st~ng indebtedness, but also wch future advances, whether wch advances are obl~gatory or
~ to be made at the opuon ot Mortgagee. or otherw~se, as are made wrthm twenty (201 years from the date hereof, to the same extent as
~t wch future advances were made on the date o( the execut~on of th~s Mortgage, but such secured indebtedness shall not exceed at a~y
~ ' I t~me the maxsmum prmc~pal amount of S N A plus interest, and any disbursements made for the payment
~ J , of taxes, lev~es, or ~nsurance, on the Mortgaged Property, with mterest on wch d~sbursements. Any wch iuture advances, whether
^ oblgatory or to be made at the opt~on of ihe Mortgagee, or otherw~se, may be made e~ther pr~or to or after the due date of the Mote or
~ ~ C any other notes secured by th~s Mortgage. ThK Mortgage ~s g~ven for the speai~c pu:i~OSe of secu.~ng any and all ~ndebtedneu by ihe
( Maker to Mortgagee Ibut m no event shall"the secured ~~ulebtedness exceed at any ume the max~mum pnndpal amount set torth n this
I paragraph) ~n whatever manner this ~~+debtedness may be ev~denced or rep:esented, unul th~s Mortgage is sBt~sfied of record. AU Cove-
nanis and agreements conta~ned ~n ih~s Mortgage shall be applicable to alI tu~ther advances made by Mortgagee to Maker under th~s
= future advance clause.
~~~i Should any of ihe above covenants be broken then the Note arx! a~l moneys secured hereby shall, wrthout demand, ~f the
- °0f Mortgagee, so e~ect, at once become due and payab~e and th~s matgage may be foreclosed, and all costs and expenses of coltect~on a~d
- ~easonabte eitOrr~Eys' fees, inCludmg costs, expenses a~d reasonable atto:neys' tees on appeal, ii colleaed by ~ega~ proceed~ngs or
throu9h an atto~rrey at law, sha11 be pa~d by the Maker, and the same are heteby secured.
IN WITNESS WHEREOF.the Mortgagor has execu~ed th~s Mortgage as of ihe date ~~rst above set ~orth.
S~gned, sea~~ a~ dei~Ye~ed ~ F]CedeZ'iCk F. RStlif f III ~
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" ^ (Mort9agorl
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ISEAL)
~ - 1 Mor tgago~
~ Sharon C. Ratliff ~
STATE OF FLOYldS ~
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~ COUNTYOF St. Lucie ~
1 HEREBY CERTIFY, that o~ th~s day, before me, an of(~cer duly authonzed ~n the S!ate aforesad a~d ~n the County atoresa~d ~
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to take acknowletigme~ts, pe+so~ally appea~ed ~ me known to be the person dexr~bed
m and who executed the torego~ng ~nstrume~t and ar • ~•'r"••i 9ed before me that rh~Q7~ executed the same. ;
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~ WiTN~,,$S my hand and oif,c~al seal m the County antf~`tate Iest a oresaidthj~ • ~~AC~ day o1 .~n»~
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