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HomeMy WebLinkAbout2543 DIRECT HOME IMPROVEMENT MORTGAGE 43•x115 c.~ WITH FUTURE ADVANCE i THIS MORTGAGE, made this day of F~rt~s.~ , A.O., 19 1~ . Wtween DOnaldO Peres and Carmen Perez. is v~fe (Mortgagal end Sun Bank of St. Lucie County IMortgagae?: (Name of Sun Bank] WITNESSETH, the, Mortgagor, for and in consideratan of the premises and in order to secure fife payment of the principal and interest on the note less hereinafter definadl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors end sssigns lorsver, the lolbwing described real property in St. LuCi@ County, Fbrda, to wit: 1 r ' Lot 7, Block 5. PIIISCRSST BSTa?'~5~..,~T. NO. DNS, according to the Plat thereof, as recorded in Plat Book 16, Page 34, of the Public Records of 1 St. Lucfe County, Florida. - A S~rL~UC ~ C NTY~ ° 3 CCORD V ERIRfEa . Z ~0 ~ 43.2115 ~ Rece(wd • S ~r - '19 f EB 6 74M 9 : SB ~ Due ort c(Id>l~ ..c.. ~M«w(a. ° ptlrSUllnf To chapLaf 71. llytir Ib1~ 01171. • ~ RO~iER ftO1TRAS a R O V E R "01?'RA S 9 f'IerA C~?Ctlif Coup. Sf.1.uCler ~ fie. .j ch (This is a SeCc(d~i~~!~~~)COURT o rtr ~ . ~'s.. (hereinafter referred to as the Mortgaged Propertyl: and the Mortgagor does hereby fully warrant the title to the Mortgaged Property and will defend the same against the lawful claims of all persons whomsoever. ' ~ PROVIDED ALWAYS, that if Donaldo Perez and rreen P rP~ ,the Makerls) of that (y ~ io - (Insert Namelsl] 4J r terrain promissory note dated the date hereof (the Notel,--*.,;,~r MKS, legal representatives or assgns shall pay to Mortgagee j]~j the principal sum of S _ 4! 107. 5rJ as evidenced by the Note, with interest and u_ pop the terms as provided therein, the iittal - ~ ~ ~ February 16 , 19 ,which Note provides that ' - maturity date of the Note and of this Mortgage being ~ ij;; all installments of principal and interest are payable at the office of Mortgagee, or at wch other place as the holder may desigrtste in writing, and that each maker and endorser agree to pay all costs of collection, including s reasonable attorney's fee, upon default in the _ Q ~ n payment of the Note, and that if default be made in the payment of any installment thereunder and that if wch default is not made good in accordance with the terms of the Note, that the entire principal wm and accrued, earned interest shall become due and payable without notice at the option of the pokier thereof; and shall perform and comply with each and every stipulation, agreement and cov- _ .,J it? Y ~ errant of the Note and of the Mortgage, then this Mortgage and the estate hereby created shall be vod, otherwise the same shall remain in full force. Maker covenants to pay the interest and principal promptly whet, due. Mortgagor covenants to pay the taxes and assess- ments on said property; to sorry insurance against tore on the building on said land for not less than S ~ ,approved by the Mortgagee, with standard mortgage bss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the bu~kding on said land in proper repair. 'i This Mortgage shall secure not only existing indebtedness, but also. wch future advances, whether such advances are obligatory or to be made at the option of Mortgagee, or otherwise, as are made within twenty 1201 Years from the date hereof, tb the same extent as ~ f'+ if wch future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed at any ~ ~ time the maximum principal amount of S 1111 plus interest, and any disbursements made for the payment r,, ~ ~ of taxes, levies, or inwrance, On the Mortgaged Property, with interest on wch disbursements. Any such future advances, whether y obligatory or to be made at the option of the Mortgagee, or otherwise, may be made either prior to or after the due date of the Note or ~ W any other notes secured by this Mortgage. This Mortgage is given for the specific purpose of securing any and all indebtedness by the Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time the maximum principal amount'set forth in this a paragraph) in whatever manner this indebtedness may be evidenced or represented, until this Mortgage is satisfied of record. All cove- r, w pants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this C future advance clause. -.t~ 00 z ~ k Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, if the oo Mortgagee, sfl elect, at once bernme due and payable and this mortgage may be foreclosed, and all costs and expenses of collection and ~ ~ 00 ~ reasonable attorneys'-fees, including costs, expenses and reasonable attorneys fees on appeal, if collected by legal proceedings or ~ through an attorney at law, shall be paid by the Maker, and the same are hereby secured. v, p z ,a} W tN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. r- ~ Signed, seated and delivered in our pr ce: (SEAL) (Mortg~ ~ ISEALI ; - ~ MMortgagor) j STATE OF 1 FLORIDA 1 COUNTY OF ST. LUCIE 1 - ',.c',~1[: s I HEREBY CERTIFY, that on this day,. before me, an officer duly authorized in the State aforesad ~rr'iheCOUntyaforeSiid . Donaldo & Carmen Perez . to take acknowledgments, personally appeared to me known';O.bs the ~prson de~~ed in and who executed the foregoing instrument and they acknowledged before me that ~t+cecyted the serf:,! WITNESS my hand and offinal seal in the County and State last aforesaid this grid day bf +y ~ ~ t A.D., 19 . _ _ ~ K,, ~ . ~ Notary Public . f , ,x : i ~ R 3O2 PACE ~~~0 MY Commissbn Ex~ef~Rv r a;+ ~ StnTE O: •!ntSpA Af uf~ j a~~~ M C~M.AAi:SIUVft?iRESIMY 26 1981 ••..r:i +:+t+, ,,r.#,tt ~'~rS :i~WiAwRITfoC 4-6014-0047 Rev 6/77 t.«~c~.v....