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HomeMy WebLinkAbout0818 UIRECT HOME IMPROVEMENT , MORTGAGE / ~ WITH FUTURE AOVANCE ~ THIS MORTGAGE, made th~s 13~ day ol Februar~? , A.D.. 19 79 . be~wee^ Lawrence F. and Ethe1 A. Dooley ' ~M~«~~? a~ Sun o t le ~ tY ~Mo«~?: (Name ol Sun Bankl ' ' WITNESSETH, that Mort9agor, lor and ~n cons~derat~o~ oi the p~em~ses and ~n order io secure ~he payment ol the p~~nc~pal and ~nterest on the note (as he~e~natter definedl, Morcgagor herebv g~ants, su~gns transters and mo~tgages ~o Mortga9ee, ~ts successors and ~ ; ass~gns tbrever, ihe 1ollow~ng descnbed real property ~n St. L~~cie Couniy, Fbrda, to w~t: ~ IAt 14, Block 18, RIVBR PARK,_UNI'P 2, as recorded ~ in Plat Bovk 10, Fage 72, Public Records of St. Lucie Coimty, Florida. . ` / F{LEO AUO RE~QRD~D~ 1 =i. ~llC+E COU`itY. ~L,~. Recsiveds ~ . y In PeYmsnt Of Taxa ~ ; ; ; : ~ i ~ ! E p Due On Cless ••C•• Inbnpibls psr~onal 4a~?a.~.7`3 ` Pu?suaro To Chaptsr 71. 134. Acb Of 18~~ ~ ~y e~ ROGER POITRAg So~ 79 FEB I 4 W'1 ~U • 27 Clerk Circuit Court~ St. LuCis. Cp.. p~ ' ~ ~ LA ~ - . ; c.~,~ : ~ Tr. • - • ~ i ~ ~ ~ CLERK C:RCUlT ::OU~ ~ ' S: ! ~ 11 ~ ~ _ ~y ~yt ' . . - . . ;L~ ' ~ ~Z~l lhere+nafter reterred to as the Mortga9ed Propertyl; and the Mortga9or does hereby fully warrant the title to the Mortgaged Property T arxl wid defe~d the same against the lawful ctaims o( all persons whomscever. ~ i- PROVIDED ALWAYS, that if ~~~e F. and Ethel A. ~Oley , the Makerls) oi'that ~ ' ~ (Insert Namels)1 m_ r_ _ certain prominory ~ote dated the date hereof (the Notel. ~e12~ heirs, legal representacives or assigns shall pay to Mortgagee ~ i' - 10 053. 26 the pri~cipal sum of s + as evidenced by the Note, w~th interest and upon the terms as provided there~n, the final ~ , ~ J . WAIC~I NOf6 P~OVIdCS t1Wt ~ y Q maturity date ot the Note and of this Mortgage being ~~h 6 all installme~ts of principal and interest are payabk at the oftice of Mwtgagee, or at wch other place as the holder may designate in , _ writing, and that each rt+ake. and endorser agree to pay all cosis of collection, including a reasonable attorney's (¢e, upon default the : Y, payment of the Note, and that ii default be made in the payment of any installment thereunder and that if wch default K not made ` i good in accordance with the terms of the Note, that the entire principal wm and accrued, earned i~terest shall become due and payable without notice at the option of the holder thereot: and shall pertorm and comply w~th each and every stipufatpn, a9reement and cov- enant of the Note arxi of this Mongage, then this Mortga9e and the estate hereby created shall be void, otherwise the same sha11 remam - in futl torce. Maker cove~na~ts to pay the in[ergst and principal promptly when due. Mortgagor covenants to pay the taxes a~d assess- ' ments on said property; to wrry inwrance against fqe on-the building o~ said land for not tess than S a " , aPP~o~ by the Mortgagee, vrlth standard mortqage bu clause palnb~e to Mortgagee, the pol~cy to be he~d by the Mortgagee and to keep the li buiid~ng on said land i~ proper repair. ~ ~ This Mortgage shall secure not only existing indebtedness, but also such future advances, whether such advances are oblgatory or ~ to be made at the option ot Mortgagee, or otherwise, as are made withi~ twenty (20) Y~~s from the date hereoi, to the same exten[ as ~ 'r~' ~f such future advances were made on the date of the execution ot this Mort9age, but wch secured indebtedness shall ~ot exceed at any ~ O ~ } iU time the maximum printipal amount ot S a plus ioterest, and any disbursements made for the payment m ~ ~ of taxes, tevies, or. iowrance, on the Mortgaged Property, with .interest on wch d~sbursements. Aoy wch tuture advances, whether 'r~-~1 oblgatory or to be made at the option of the Mortgagee, or otherwise, may be made either pnor to or after the due date of the Note or ~ ~ i~ any oiher rates secured by this Mortgage. This Mortgage is given for the spec~fic purpose oi securing any and all ~ndebcedness by the Maker to Mortgagee (but in no eve~t shall the secured endebtedness exceed at a~y time the maximum p~incipal amount set forth in this j~ paragraphl in whatever man~er this indebtedneSS m2y be evidenced or represented, until this Mortgage is sat~sfied of retord. All cove- LL tn nants and agreements contained in this Mort9age shall be applicable to all further advances made by Mortgagee to Maker unde? tnK ~ ~ tuture advance clause. . - ~ ,0 z,~~ ~ Shou{d any oi the above covenants be broken then the Note and all moneys secured hereby shall, w~thout demand, ~t tl?e ~ Z ~ Mortgagee, so elect, at once become due and payable and this mortgage may be toreclosed, and all costs a~d expe~ses ot collection and T~ I~ reasw~able attor~eys" fees, inctud~ng costs, expenses ard reasonable attorneys" fees on app~t, if collected by Iegal proceed~ngs or ~ ~ U ~ through an attorney at taw, shall be paid by the Maker, and the same are hereby secured. T.I z o~~ IN WITNESS WHEREOF, the Mortga9or has executed th~s 1lilortgage as of the date tirst above set forth. ~ Sg led elrver m n ~ nce F. ~Boo3~9?? ~ ' i / ~C'"~`~~~- (SEAI) ~ Ethel A. Dodi~~°`~ ~ STATE OF F10T1~ 1 ' ~ . 1 - COUNTY OF St LUCl@ 1 ~i~~~~~ti~i ~ 1 HEREBY CERTIFY, that on th~s day, before me, @M1i1(jc~, du~U`wthonzed in the State aioresad and rn the County atoresad ( ~ `F: ' aild-.~hel A. DqB~ ~ to take acknowledgments, personally appeared now~ to be the pe.son descrebed I ~ the executed the same. ~ '~n and who eaewted the torego~ng ~nsirument and a~ed9ed betore me that } 3th eav ot Feb1 t~a1y ? WITNESS my hand and officwl seal m the CouOt~jfRtl Stat~ t r~~ • ~ A.O., 19 . ~ • ~ s - _ ~t', i: ' i p~~'•. N tarY Pub~' r- 1~A!? II~IC STAfE ~~LORfQA AT 1A~ O R F~ ~~~q^7~ias'd!t.ExpKes: Mr COMM156iON E7~I~S M. 2~ Mff ~ooK eacf 8~.7 ~ ~ , ~ r.n, ~ a-so,a-ooa~~ Rev. sm „ E.K,,,~~~ ` ~ - - . _ _ - - _ ~ ~ t '~z r.; ~