The URL can be used to link to this page

Home My WebLink About1058 DIRECT NOME IMPROVEMENT ~ MORTGAGE ~,~~~1$ 1VITH FUTURE ADVANCE THIS MORTGAGE, made thes __.__{~y.~.1__-__. tray of __-M$r~____._ _ A O., 19 77-_ ,between" Sheree W. F~hn~L_ _ itvlnrtyayor? arY) ---aSLlA---~-a~.- -1r~lCi~-CQ11ILtX---- - - - - _ - - iAtor tyagrel, {Nameol Sun Bankl WITNESSETH, that Mortyagor, for and en consrderahon of the premises and m order to secure the payment O) the pnncrpal and interest on the note las hereinafter defined!. Monyayor hereby grants, assr9An;s twransfers arssf morlgayes to Alortgagee, ns successors and assrgns forever, the following described real property in _-Ht_~__Lucie _ County, Flnrxfa, to wet: Lot 6 Block 4, Ft. Pierce Highlands Subdivision According to the Plat thereof recorded in Plat Book 10, Page 29 of the Public Records of Saint Lucie County, Florida s - °G Q y - - _ tt 43'7818 RECFIVfO j , „ '79 i ~ • ~ Z Q ~~1 9 • ~ ~ L•U: ON CUSS •C INTAttG'CLE PlCSQ,IRL PRQPAE~i fliGSJMi TO CNApTFR ]I•.•;, q::fS Cf - CLcRX gRC{IQ CO WGE ~ wlr, at. z-~ Iherernafter referred to as the Mortgaged Properryl: arxl the Mortgagor does hereby fully warrant the true to she Mortgaged Property and wrtl defend the same against the lawful claims of all persons wLhomsoever. - - PROVIDED ALWAYS, that rf .1I1P7•PP FeChner -----.-,the hlakerlsl of that (Insert Namelsll certain promissory note dated the dnatne hereof (the Notel, 1+^~~ hems, legal representatives or assrgns shall pay ro Mortgagee the pnncrpa! sum of $ ~,~1.~~._On- as evufencu~e[! by the Nolte, with mterest and upon the terms as provided therein, the final maturity date of the Note and of this Mortgage being 1J`~rrh 11, ~ 989 - . 19 - ,which Note p+ovides that 1 all installments of pnnaoal and rnterest are payable at the oti,ce of Mortgagee, or at wch other place as the holder may designate in wnt,ng, and that each maker anti endorser agree to pay aft costs of collection, mdudrng a reasonable anorrsey's fee, upon default m the payment of the Note, aril that ri default be made in [he payment of any installment thereurxfe+ and that rf wch default rs not made good rn accordance with the terms of the Note, [hat the entree pr mcrpal wm and accrucd, eamr_d rnterest shall become due and payable without noUCe at the option of the holder thereof; anti sha!I perform and comply with each and every shpulauon, agreement and cov- e errant of the Note and of this Mortgage, then this Mortgaye and the estate hereby created shalt be void, otherwise the same shall remain rn full fo+ce. Maker covenants to pay the rnserest and pnnupal promptly when due. Mortgagor covenants to pay the taxes and assess- ~I merits on card property; to carry insurance against Iue on the tturklrng on said land for no? less than S __n/ a ,approved ~ by the Mortgagee, with starxla:d mortyage loss clause payable to Mortgagee, the nolicy to be held by the Mortgagee and to keep the building on said land rn proper repair. ! This Mortgage shall secure not only existing indebtedness, but also wch future advances, whether such advances are obligatory or to be Made at the option of Mortgagee, or otherwise, as are macfr• wethrn twenty 1201 years from the dale hereof, to the same extent as f +f wch tu+ure advances we+e made on the date of the execution of this Mortgage, but such secured rndebttxiness shall not excec•rf at any time the maximum principal arr.ount of S -plus interest, and any disbursements made for [he payment _ gag p y, wrth ;merest on wch disbursements. Any such future advances, whether - : of taxes. levees, or insurance, on the Mor? ed Pro err { - • i obligatory or to be made at the option of the Mortgagee, or otherwise, may be made other prior ?o or after the due date of the Note or any other notes secured by this h'lnrtyage. This Mortgage rs given for ?he specific purpose of securing any and all mdebiednezs by the i _ 1-1 ~ i ! Uaker ?o hlor;garee Ibut ~n no event shall the secures! indebic•rlness exceec: a[ any time the maximum prmupal amount set forth in this ~ paragraph) rn whatever manner ?his rrxJebterlnrss may bt• ev~dencecf or represented, untie this MortyagP rs satisfied of record. All cove- t - Or.-~ _ Hants and agre.+ments eonta~ned ,n th;s Afor;ga4e shall be appl~catNe to all further advances mane by ilAortyagee to Maker under this ~ future advance clause. V. i $howd any of rh" aoove eovenan?s fin broken then the Nnte -and all moneys vrcurrK! hereby shall, without Demand, if the y _ ~ iUortyagee, so r ect, at onr•e btrcomP due and p;,yable and thez matyage may tW foreclosed, and eL' costs :rnrl .expenses of collection arxf 5 •easonable atto•n?ys" tees, includ:nq crests, expenses ants reasonable attorneys' fees on appeal, rf collected by legal procetYfings or ~ `J~t t^rouyh an atto• Hey at law, >hall be p.+Kf by th.• F.9,,ker, arxf the, same are hereby v_cwed. - $ ni Iti ~YITNESS WHEREOF, thH PAo•?gagor hat r~xecuttYl this h4ortyage as of the date f;rst atmve set forth 7 _ fr -i ti \ $~,gned, waned .Ind de..v~..ert p,.."„-, Sheree W . Fechner -~-~'`-w~.,~-~-,-'"-`C..~_ _ ~~~?--`''-`2= _ ~i».CJ ~ . 11~'~SEAL) L7 y~~ f IP.1or;yayori ~ -/~~~~-=j'-t=%~!`-'~-"~"-~ - - - _ !BEAU i1~lortyayorl STATE OF Florida I 1 t CCUNTV CF St . Lucie ' r _ I NEREBV CERTIFY, tha• o~ tr•.~s day, before me, an Offtnr dpty authorrrtd to the Statt• aforesaxf and .n the County aforesaid - 'o ?ave ackno:.!?dgmen;s, pee;ona!ly .;pp.rar~[f ~ ~ to me knu,rm to be the person described s aid ~•.hp exec U'!a Fh.• ipr._t)p ~n? ~ ,<?n,~m tint and ~ ~ $,ih6rrt- acknowledgesi twfnrt• me •t•:at ~111~_- exs•CU [ed the same IYITNESS my nand and of` c:a! >eal .n the County ayA`Stare past fOresard this day nt , A d . t 9 Y, ' / S 13~ ~ '_y Notary P.Obr~c - hfy Co*nMission Exp~•es f111f~TAR IWLIC STATE Of FLORIDA AT t/48Ti Mti CUMMISSIUr1 EItPIRES DEC 3 1982 4 ~ ~ r ~ ~ ~ _ ~ I1fi1J ~iAl Mb . UAOEtMILIi~ a GOt4-0047 Rev. 8177 t._