HomeMy WebLinkAbout1373 [DIRECT HOME fMPROVEMENT MORTGAGE •il)~2~tf~ T /
P,~IiH FUTURE AOVANCQ
THIS MURTGA E. made it~rs 2nd day of March _ _ _ - A D., 19 _-79--- . tretween
JacK D . ~en~ amin (Mortgayor) and
Sun Bank of St. Lucie County - _ fA,nrtyagee?:
!Name of Sun Bankl
WITNESSETH, that Mongagor, for and rn consxteratron of the premises aril rn order to secure the payment of the prrncrpa? and
rnterest on the rate las hereinafter defines!!, Mortyagor hereby rants, aurgns nanslers arxl monyages to Alortgagee, its successors and
~t. Lucie ~a,nty, Flcrrda, to wet:
assigns forever, the lollowing described real property rn -
Lots 6 and 9, Block 1, Hancock Subdivision, according
to the Plat therof, as recorded in Plat Book 9, page
7, of the Public Records of St. Lucie County, Florida.
_
-"•~'_ED '~`•COf~CErJ ' inPaymsntOlTaxss
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" -i ~ • : " Dua On Class "C' Iota able
• rip Personal P?opetT/.
' - Pursuam To Chapts? 71. 134, /lets Of 1971,
4:3213 ROGER POITRAS
'19 l~i'.~ 6 ~1 9:55 c:~~ clr«,k C«~c, st. U,~l., Co.,~i..
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• fheremafter referred to as the Mortgaged Property: aixi the Mortgagor does hereby fully warrant the true to the Mortgaged Property
~ and wnl defend the same ayarnst the lawful claims of all persons wtamwever.
_ ~ PROV IDEO ALWAYS, that r) Jack D . Beni amin ,the hlakerls) of that
jinsert Namelsl!
~ l• certain promissory note dated the date hereof (the Notel, h1S fwrrs, legal representatives or assrgns shall pay to Mortgagee
the pnnupal sum of S 5 ~ 858 ~ 98 as evidenced by the Note, wrth rnterest aril upon the termsas provided therein, the final
- rttatun[y date of the Note and of Thrs Mortgage being March 6 _ , .1989 ,which Note provides that
' all installments of principal and rnterest are payable at the office of Mortgagee, or at wch other place as the holder may designate in
. wrrung, and that each maker and endorser agree to pay al: costs of collection, rncludrng a reasonable attorney's fee, upon defauh m the
payment of the Note, and that ~f default be made in the payment of any installment thereunder and that rf wch default is not made
good m accordante wrth the terms of the Note, that the ensue principal win arxf accrued, earned rnterest shall become due and payable
without notice at the optron of the holder thereof; and shall perform aril comply wrth each and every stepulatan, agreement and cov-
enant of the Note aril of stirs Mortgage, then stirs Mortgage aril the estate hereby created shall be word, otherwise the same shall remain
in full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess- _
merits on card property: to carry insurance against fire on the buikirng on card land for not less than S n/a .approved =
by the Mortgagee. wrth standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the
building on said land m proper repair.
This Mortgage shall secure not only existing indebtedness, but also wch future advances, whether wch advances are obligatory or
to be made at the opuon of Mortgagee, or otherwrse, as are made within twenty 1201 years from the date hereof, to the same extent as ;
if wch future advances were made on the date of th/e execution of stirs Mortyage, but such secured indebtedness shall riot exceed at any
- trine the maxrmum pnnupal amount of S _ n! a plus rnterest, arxl any disbursements made for the payment
of taxes, levees, or rnsurance, on the Mortgaged Property, with rnterest on wch disbursements. Any wch future advances, whether
€ obligatory or to be made at the optron of the Mortgagee, or otherwrse, may be made either prior to or after the due date of the Note or
I any other notes secured by stirs hlortyage. Thrs Mortgage rz grven~for the Specrtic purpose of securing any and all rndebteciness by the
Maker to Aortgagee Ibut rn no event shat! the secured indebtedness exceed at any time the maxrmum prrncrpal amount set forth in the
E _ ~ paragraphs rn whatever manner this indebtedness may be evidenced or represented, until stirs Mortgage rs satisfied of record. Alf cove-
Hants and agreements contained rn stirs Mortgage shall be applicable to all further advances made by Mortgagee to Maker under ihrs
t future advance cause.
i ~
• Should any of the above covenants !re broken then the Note and all moneys secured hereby shall, wrthout demaixl, d the
_ Aortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and all;,osts and expenses of collection and
reasonable at?orney s' fees, rndudrng costs. Pxpenses aril reasonable attorneys' fees on appeal, rf collected by legal proceedrnys or
' through an attorney at law, shall be paid by :he A1akw. and the same are hereby secured.
IN WITNESS WHEREOF, the Mortgagor has exeeutc[f stirs Mortgaye as of the date fast atx:ve set forth.
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S~grrt:d. sealetf and cfeuve•recl Jack D. Benjamin
•n o r presence ~ ,
~J L,`. G ~ ~ ISEALI
iM •~qor i
' ISEALI
- IAlortgagor 1
STATE OF Florida ? -
St. Lucie 1
COUNTY OF l
I HEREBY CERTIFY, teat on this day, before inn, an officer duly autnorrred rn the State afnresaxl and m the County afoceSard
to take acknov+ledyments, pe•sonally appeared __Jack D• Ben]amlri fo me known to he the ncrwndescnbed
v _ . he
,n and itiho executed the foregO~ng ,nstrumen• aril h@ ss~ekfsewfcdgecf before me That executed the same-
•
} WITN~$$ my hand a^d off,c,al seal .n the County and$tate last foresaid,th~ 2nd _ clay of _ March _ ,
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A D., i9 r r. ~t r_.
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