HomeMy WebLinkAbout2480 DIRECT HOME Itifl?ROVEMENT MVK 1 WAVC 4022 to '
WITH FUTURE ADVANCE
THIS MORTGAGE. made tn,s ice.- day of Fghr~r~._ , A.O., 19 bsevwwt'
He n Stein end Lena, Stein pia ~Tife (Mortgago.? and
Sun Bank of St . Lucie County (Mortgagt+l:
!Name of Sun Bank)
WITNESSETH, that Mtxegapor, for and M considenatan of the premises and in order to secure the payment of tht Principal snd
interest on the rata las hereinafter def ittedl. Mortgsgor hereby grants, assigns transfers snd mortgages to Mortgagee, its successors and
assgns forevtr, ttte folbwing described real property in Rt . LUCie County. Fbrda, to wit:
Lot 1, Card's Subdivision, as per plat thereof on _
file in Plat Book 4, page 62, of•the Pubic R~tords
of St. Lucie County, Florida.
This. is a secolad lbrtgage. ~ .
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aecetvtad t1 In Payment Of TaxM
Or~ ~lLEO AND ~ECORDEQ Dut+ On class "C" IntanptbbPmoftslPtopNty.
/ _ r,~'1 ~,~-~f~,~,~ . pursuant To Cftspter 71.134, Actf1011~71.
'~n AOGER POITAiA$ C}~
~uVVj~lri~ir Ctbrti Circuit Coup, SL ~NCN. CO., Ra.
'79 .FEB 23 AN 1Q ; 39
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~',;3t-~ C.i a (hereinafter referred to as the Mortgaged Propert~l; and~tTieTiAortgapor does hereby fully warrant the title to the Mortgaged Property
71 I and wit! defend the same against the lawful claims of all persons wtamsoaver.
" ~;.i(-~~}r ail PROVIOE~ ALwavS, ghat if Herman Stein and Lena Stein ~ ,the Makerlsl of that
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111 ' certain promissory note dated the date hereof Ithe Notel,_ their hens, legal representatives or assigns shall pay to Mortgagee
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~'ti'~~ the pnncipal sum of S 6,-995 _ 96 as evidenced by the Nota, with interest and upon the terms as provided theran, the final
0 ~ February 16 , , is 89 ,which Note prordes that
f ~ maturity date of the Note and of this Mortgage being
0,711 G; all installments of principal and interest are payable a! the office of Mortgagee, or at such other place as the pokier may designate in
~ u writing, and that each maker and endorser agree to pay all costs of collection, including a ressortable attorney's fee, upon default in the
' ' payment of the Note, and that it default be made in the payment of any installment thereunder and that if such default is not made
good in accordance with the terms of the Note, that the entire principal sum and. atxrued, 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 stipulatbn, agreement and cov-
errant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be void, otherwise the same shall remain
in full force: Maker covenants to WY the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess-
ments on said property; to carry insurance against fire on the building on said land for not less than S n~a ,aPPrOVed
by the Mortgagee, with standard mortgage bss clause payable! to Mortgagee, the policy to be held by the Mortgagee and to kgep the
building on said land m proper repair.
This Mortgage shall secure not only existing indebtedness, but also such future advances, whether such advances are obligatory or
to be made at the option of Mortgagee, w otherwise, as are made within twenty 120) years from the date hereof, to the same extent as
rf wch future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed at any
m ~ time the maximum principal amount of S n~ a plus interest, and any disbursements made for the payment
p of taxes, levies, or inwrance, on the Mortgaged Property, with interest On wch disbursements. Any such future advances, whether
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f i 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
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I e any other rates secured by this Mortgage. This Mortgage is given for the specific purpose of securing any and all indebtedness by the -
~u ~ Maker to Mortgagee (but in rio event shall the secured indebtedness exceed at any time the maximum prrcicrpat 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-
~ Hants and agreements contained in thn Mortgage shalt be applicable to all further advances made by Mortgagee to Maker under the
~ U i future advance clause. _
z ~ Should any of the above covenants tx broken then the .Note and all moneys secured hereby shall, without demand, d the
Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and all costs and expenses of collection and
~ reasonable attorneys fees, including costs, expenses and reasonable attorneys less on appeal, d collected by legal proceedings or
fil, - through an attorney at law, shall be paid by the Maker, and the same are hereby secured.
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- IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth.
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signed, sealed and delivered Herman Stein '
r o resence:
(SEAL)
(Mort r)
d ~ ISEALI
Lena Steil~Mortgagorl
STATE OF Florida 1
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,'..'~RFQVNTYOF St. Lucie
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` = ; y ? • ~~1 HEREBY CERTIFY, that on this day, before me, an othcer duly authorized m the State aforesaxi and m the Coumy aforesad
~ a p to me known to be the person descried
_ "j ~ grti4~tte acknowledgments, personally appear~ermall-& LeI1a St 3.T1
' who executed the foregoing instrument and they acknowledgeid before me that th-~-executed the same.
, yam" 14th Februar
~ ~,~;f«ITN€~S my hand and official seal in the County arxi State last aforesaid this day of ,
r4~,: , to _1.Y_
' ~ 's Rr't' Notary Public
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t • ~ ~,QTa.RY P~"r.IC T t' ci!~„74 hT l~.R':: My Commission Expires: -
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4.6014000.7 Rav. 8/77 7 a c ! , r : ~ . 2 •J~t f S BOOK t...,.,.,, v.„, (