HomeMy WebLinkAbout1367 OIRECT HOME IMPROVEMENT MORTGAGE 4~'~'03 ~ i +
wITH FUTURE ADVANCE
THIS MORTGAGE, made Ihrs 14th clay of February? A.O., 19 -Z-Q-- .between'
BohSYS,. ~Jn t+snn rid {tlattndw R. Johnson, hie wif@ (Mortgagor! and
_ Sun Bank of St. Lucie County IMortt+a,ae.l:
INameof Sun Bank1
WITNESSETH, that Mortgagor, fa and rn consrderatron of the premises and in order to secure the payment of the prrncrpal and
intertst on the note las herernalter del mail!, Mortgagor hereby grants, sssrgns transfers and mortgages to Mortgagee, its successors and
$t. LUCi@ County, Fbrrda, to wrt:
sssrgns forever, the following described real property rn
Lot 4, Block 2 of Unit 1, II~IDIAN RIVER BSTATRS, as
per plgt oa file in Public Records of St. Lucie County, i
' ' Ft. Pierce, FL.
. ~ 366.2 ~
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I ~ ~iU--~ This is a Second I~rtgage.
FI~EJ AND RECOR[~E~~
~ ':II ~~D S':'. LUCIE COUtvTY. FIA. _
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? : Zi; ~ or. on CNr ~C' M~1•Pw.on.~hap~q. +
~1? G - noon ~anuls c E~ c, . u t~ . u
rn ~ ~ ~ CliKk Circuit Cotut, St. uad.. Ca, FN.~ _
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v ~ (hereinafter referred to as the Mortgaged Property!: and the Mortgagor does hereby fully warrant the title to the Mortgaged Property
and will defend the same against the lawful clairr?s of all persons whomsoever.
PROVIDED ALWAYS, that rf Bobby J. Johnson and Wanda R. Johnson, his •filtfllfakerls) of that
(insert Namelsll
certain promissory note dated the date hereof (the Notel, their heirs, legal representatives or assigns shall pay to Mortgagee
the principal sum of $ 4,253' 28 as evidenced by the Note, with interest and upon the terms as provided therein, the final
maturity date of the Note and of this Mortgage being February 16, dg ~ ,which Note provides that
all installments of principal aril interest are payable at the office of Mortgagee, or at wch other place as the holder may designate in
writing, and that each maker and endorser agree to pay all costs of collection, including a reasonable attorney's fee, upon default in the
payment of the Note, and that it default be made in the Rayment of any installment thereunder and that if wch default K not made
good m accordance with the terms of the Note,-that the entire principal win and accrued, earned"interest shall become due and payable
without notice at the opt~orr of the holder thereof; and shall perform and comply with each and every sUputation, agreement and cov-
enant of the Note and of this 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 acid principal promptly when due. Mortgagor covenants to pay the taxes and assess-
. merits on said property; to carry insurance against fire on the building on said land for not less than S II~a ,approved
by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the
! budding On said land in proper repair:
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I Thrs Mortgage shall secure not only existing indebtedness, but also wch future advances, whether wth advances are ublgatory or
~ to be made at the option of Mortgagee, or otherwise, as are made within ti7venty (201 years from the date hereof, to the same extent as
j +-7 +t wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed at any
1 ' G`• ' trine the max+mum principal amount of S n/a plus interest, and any disbursements made for the payment
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J 41 I of taxes, levees, or insurance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether
_ ~ i iJblgatory or to be made at the optbn of the Mortgagee, or otherwise, maybe made euher poor to or after the due date of the Note or .
ill i any other notes secured by this Mortgage. This Mortgage is given for the spetrfrC purpose of securing any and all indebtedness by the
a i Maker to Mortgagee (but in no event shall the secured rdebtiedness exceed at any time the maximum principal amount set forth nt Ihrs ~
_ ~ paragraph! rn whatever manner this irxlebti:dness may be evidenced or represented, until this Mortgage is saUSfied of record. All cove-
. ~ ~ Hants and agreements contained in this Mortgage shalt be applecable to all further advances made by Mortgagee to Maker under this
` Cci , future advance clause. t
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't7
7 O~ 00 { Should any of the above Covenants be broken then the Note and all moneys secured hereby shall, without demand, rf the
~ x' f4lortgagee, so elect, at once become due and payable and Ihrs mortgage may be foreclosed, and all costs artd expenses of collecuon and
d ~ reasonable attorneys' lees, including costi, expenses and reasonable airorneys' tees on appaal, it collected by legal proceedings or
~ ~ ~ through an attorney at law, shall be paid by the Maker, and the same are hereby secured-
't7' 1
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z ~ ~ ; IN WITNESS WHEREOF, the Mortgagor has executed Ihrs Mortgage as of the date fast above set forth. ;
_
ai
S+gned, scaled arxf deiivercd }
.n our presence: /
(SEAL)
(Mort Or)
I ! (SEAL)
tM gor)
STATE OF FlOridB ;
COUNTY OF St. Lucie = ~ -
~I ;
1 HEREBY CERTIFY, thatrb~~ •,~91b?re r an officer duly authonred in the State aloresard and m the County atoresad
`~t - ~ Johnson and Wanda R. Johnson his wife
to take acknowledgments, perso s, ~ ' to me known to ore the person described
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+n and who executed the for + ~~n acknowledged before me that executed the same.
;NIT my hand and Of• t ~~pt~y;Dr>tf.State last of r card is ' ~ day of
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~s7lrrts~ ~ Notary ubhc t _ . _.__-.._-_.i ..z
My Commission l:Irt)iiet` r ~ r+~er^4 /lT ?
A. ,
y~Vt7'VV>\/7 t3tlV. $/77 ~ A~I 1~JlaJ.J 11".ZL ~JI,rN~ I~Vr \/i~u~lrf A[Ir-a+. (.n~.f.rv Vrn~ y
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