HomeMy WebLinkAbout2478 DIRECT HOME IMPROVEMENT MORTGAGE 4,35020 ~
WITH FUTURE ADVANCE .
THIS MORTGAGE. male this 21st day of February , A.O., 19 ,between
Robert M. Gibbons and Fairie G. Gibbons, his wife tMortgagorl and
Sun Bank Of St. Lucie County (Mortgagee);
(Nana of Sun Bank]
WITNESSETH, that Mortgagor, for and in consideration of the premises and in order to secure tM payment of tM principal and
interest on tM rwte las herernafter detirtedl. Mortgagor hereby grants, assigns transfers and matgagss to Mortgagee, its~sutxessorsand
assgra torevN, tM folk>'wing descried real property in $t. Lucie County, Fbrida, to wit:
The West ~ of Lot 11 and all of Lot 12, Block 3, •
MARAVILLA COURT according to Plat thereof on file
~ in Plat Book 5, at Page 39 fo the Public Records
of St. Lucie County, Florida
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~ This is a Second Mortgage
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(hereinafter referred to ss the Mortgaged Property): and the Mortgagor does hereby fully warrant the title to the Mortgaged Property
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} ti+ ~ 8nd will defend the same against the lawful claims of all persons whomsoever.
rQ- ~?p 11[] ! PROVIDED ALWAYS, that if Robert I'I. Gibbons and Fairie G. Gibbons ,the Makerlsl of that
[Insert Namefs?]
~ n ^ ~ ~ ~ ~ ~ certain promissory note dated the date hereof (the Notel, their heirs, legal represeMBtiva or assigns shall pay to Mortgagee
~ 5 237 51
p the principal sum of = a • as evidenced by the Note, with interest and upon the terms as provided therein, the final
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w maturity date of the Note and of this Mortgage being February 21 ~ ~g 3 ,which Note provides that
al! instalknents of principal and interest are payable at the office of Mortgages, or at wch other place as the holder may designate in
N writing, and that each maker and rtrrdorst3r agree to pay all costs of colkCtan, including a ressonabk attorney's fee, upon default at the
- payment of the Note, and that if default be made in the payment of any installment thereunder and. that if such detiult is not made
good in accordance with the terms of the Note, that the entire principal sum and accrued, earned interest shall became due and payable
without notice st the option of the holder thereof; and shall perform and comply with earn and every stipulation, agreement and cov-
enant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be void, otherwise the same shall remain
in lull force. Maker covenants to pay the interest and principal pranptly when due. Mortgagor covenants to pay the taxes and assess-
ments on said property; to carry inwrance against fre on the buiktirtg on said taM for not less than s n~a ,approved
by the Mortgagee, with stsrdard matgags bas clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the
'~i buikfing on said Iand in proper repair.
This Mortgage shalt secure not only existing irtdetrtedr?ess, but also such .future advances, whether such advances are obligatory or
to be made at the option of Mortgagee, or otherwise, as are made within twenty (201 Years from the date hereof, to the same extent as
if such future advances were made or. the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed at any
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~ time the maximum principal amount of s II/a plus interest, and any disbursements made for the payment
p ~ of taxes, levies, or inwrartce, on the Mortgaged Property, with interest on such disbursements. Any such future advances, whether
U 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
Q ~ any other notes secured by this Mortgage. This Mortgage is given for the specific purpose of securing any aM all indebtedness by the
w Maker to Mortgagee (but in rq event shall the scarred indebtedness exceed a< any time themsximum principal amount set forth in fhb
~ p' paragraph) in whatever manner this indebtedness may be evidenced or represented, until this Mortgage is satisfied of record. All cove-
Q ~ pants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this
~ W future advance clause.
b ~ Shoukf any of the above covenants be. broken then the Note and all moneys secured hereby shall, without demand, if the
g ~ Mortgagee, so elect, at once become due and payable and this mortgage may be foredoseil, and all costs and expenses of collection and
~ S ~ reasonable attorneys' tees, including costs, expenses and reesonabk 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.
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N ~ O IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date fast above set forth.
F ~ a ' Sgned, sealed and delivered
in our p nCe:
~~G>~ ~ d (SEAL!
v/ (/tY 9~r) (SEAL!
i IMortgagorl
STATE OF Florida 1 ,
~ Lucie 1
~ COUNTY OF St. ] ,,..~~::>~us,
x 1 HEREBY CERTIFY, that on this day, before me, an office? duly authorized in the State aforesaid. a<~~11~`~foresaid
~ Robert M. Gibbons and Fairi.,~ ;
' to take acknowledgments, personally appeared k bed
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in and who executed the foregoing instrument and they acknowledged before me that _ ~ea~il~f~~
WITNESS my hand and official seal in the County and State last aforesaed this 21 ~-~~.~,~.y. ~
A.O., 19 . ~ : •
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Notary-Public /t1KlC StA1E c7~•. •
U R ry My Commission Expire>Mr CayY11~pN EI~HtE'S'MAI/.%'~' ~
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