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HomeMy WebLinkAbout2512 DIRECT HOME IMPROVEMENT MORTGAGE 438E;`7~ WITY FUTURE ADVANCE THIS MORTGAGE, made this 9th ~ day of _ Mi3rf:h_____ A D.. 19 79- . tretween Charlie Wilder and Ethel WilderL his wife Ihlortyayor? and - - - Sun Bank of St. Lucie County IMortgageel: }Name of Sun Bank } WITNESSETH, that MOrtgayor, for and in consideration of the premises and rn order t0 secure the payment Of the principal and interest on the note las hereinafter cfelinedl, Mortyayor hereby grants, assigns transfers and mortyayes to Moityagee, ns successors and assigns forever, the Iollowrng described real property rn -__$t.._I,uCl.e--__-------------- -County, FlorKla, to wet: Lot 9 of Block 3 of HILLCREST SUBDIVISION according to the i plat thereof recorded in Plat Book 4, Page 41A of the Public i Records of St. Lucie County, Florida. ~ _ ~COftDEt7 Q//~~ . ~ ~ r ~=Y"~ ~ • ~ Recehred t ~ / Y~ Payment Of Taxes 4 ~2pc~.y~,y Oue On Class "C'• Intargibls Personal Propeny~ 31 ~7 ~'~.1~ Z 7 I I °urauant To Chapter 71, 134. qct; O1 11171. ~ I ~ : 0 3 ROGER Pol TRAS 9,(,~ (~IerIR Cir~cuN Coup. St. LuCN. CO., Fla. ~ 3 (hereinafter referred to as the Mortgaged Propertyl: and the Mortgagor does hereby fully warrant the true to the Mortgaged Property i and will deferxl the same against the lawful claims of alt persons whomsoever. y PROVIDED ALWAYS, that i) Charlie Wilder and Ethel Wllder ,the Makerls) of that ~ (Insert Namels)1 certain promissory note dated the date hereof (the Notel, their heirs, legal representatives or assigns shall pay to Mortgagee ! the pnnapaf sum of S 3478.69 as evidenced by the Note, wrth interest and upon the terms as provided therein, the final maturity date of the Note and of this Mortgage being March 16 r , 19 83 _ ,which Note provides that all installments of principal and 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 tee, upon default in the payment of the Note, and that if default be made in the payment of any installment thereunder and that it wch default is not made good in accordance with the terms of the Note, that the entire principal vim and accrued, earned rnterest shall become due and payable .without notice at the option of the holder thereof: and shall perform and comply with each and every stipulation, agreement and cov- enant of the Note aril of this Mortgage, then this Mortgage and the estate hereby created shall be word, otherwise the same shall remain rn full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess- ments on said property: to carry insurance against free on the building on said land for not less than 5 ,approved by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the building on said land in proper repair. Thrs 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 made within twenty 120) years from the date hereof, to the same extent as g if wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed at any ~ Ume the maximum principal amount of S N~A plus interest, and any disbursements made for the payment o! taxes, levies, or insurance, on the Mortgaged Property, with rnterest on wch disbursements. Any such future advarxes, whether obligatory or to be made at the option of the Mortgagee, or otherwise, may be made either prior to or aster the due date of the Note or .J any other notes secured by this Mortgage. Thrs Mortgage is given for the specdic purpose of securing any and all indebtedness by the Maker to Mortgagee (but rn rto event shall the secured indebtedness exceed at any time the maximum principal amount set forth rn this paragraph) in whatever manner this rrxfebtidness may be evidenced or represented, until this Mortgage is satisfied of record. All cove- Hants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this ~ future advance clause. . Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, if the 1 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' tees on appeal, d collected by legal proceedings or - through an attorney at law, shall be paid by the Maker, and the same are hereby secured. - # IN WITNESS WHEREOF, the Mortgagor has executed this hlortyaye as of the date first above set forth. - tt - - Siyned, sealed and delivered z , in our pr nc / l/~ ~ ~ \ _ ~~~(~'"w ISEAU ('Aortgagor) y f - Ihlortgagor) F:A f• r STATE OF Florida 1 ~ • • , COUNTY OF 8t• Lucie } y • jJ 1 HEREBY CERTIFY, that on this day, before me, an officer duly authonzcd m the State aforitssRl anc3-¢i tftp CQpntya~Ole7aid I Charlie & Ethel Wilder to take acknowledgments, perspnally appoare0 - to me krlpWn tO~e the pprsondteicribed i _ in and who executed the foregoing msnument and they acknowledged before me that _ 'executed;Fjp same. si WITNESS my hand and official seal in the County and State last aforesaid this 19th day of M»t'Ch . A.D , 19 79 , Notary Public ?VO ORr ~ gf, c•-•c rr,r.r). - ~ l4Rr; Mr Commission Expires M hAl;;1C1. E.f tRfS M=.Y 25 1981 . J. n 305 ^ , .-507 ~ ;?rU , .,~i.. solo-fJ00.7 Rev. 8/77 i d t.K~n.<v.~.