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HomeMy WebLinkAbout0914 DIRECT HOME~IMPROVEMENT MORTGAGE ~~Y~ ~ / ~•~I~H FUTURE ADVANCE THIS MOHTGAGE, made ~n~: _19th ~y o~ April _ A.O.. 19 79 t~tween Leon Coplin - iti~o~~ya~~~ a~ Sun Bank of St. Lucie County _ ~Mo~~~~; ; (Name o( Sun Bank) t WITNESSETH, that Mortgagor, (or and ~n consideratwn Ot lhe prem~ses ancf ~n orde. to zecu~e the 4ayment oi ihe pnnC~pal and ~nterest on the note (as here~na~ter det~nedl, Mortgagor hereby grants, ass~gns trans~ers and mortgages w Mortgagee, ~ts successors and ass~gns (orever, the (ollow~ng descr~bed real property ~n St. Lueie Co~nty, Fbrda, to w~t: MERKLIN S/D Lots 1~ 2 Lesa E. 75 ft. Block 1 as per plat on file ' b ~ in Public Reco~;~~„~t. Lucie County, Florida • ~;ECOR(?~ - - D - . t'.~t•~~~v . ' • . ~~~V 6 '19 ~rt ~1~ : y~ b~ ~ ~ ~ , ~ ~ ~ : ~ ` ~ ~ R ~ - / ' a r 1~ Psyment Of TsNw , r t•~-.t~;i ' p~N (.~n Ciass'.C•• ~nts~pi~Ps~s~tllPirOpKlll. (This is a First Mortgage) Pursuant To Chapter ~1.134.Ikis Of /f7~• Q ~ ROGER POIYMS /7~ ~ y : Cla~ic Grcuit Couct. Sb t~ud~. Ow. FI~. / ~ . ~ ' (here~nafter referred to as the Mwtgaged Property); and the Mortgagor does hereby (ully warrant the trtle to the Mortgaged Property , _ i and w~il detend the same agamst the lawtut claims of all persons whomsoever. = J ~'~7 ~ PROVIUED ALWAYS, tnac ~r Leon Coulin ;j ' . , , the Makerls) of that ~ • [Insert Namelsll ' , * • S certain promissory npte dated the date hereot (the Notel, hi~ he~rs, legal representatives or ass~gns shall pay to Mortgagee - - S 921.87 = , the pnnupal sum of S ~ as ewdenced by the Note, wrth interest and upon the te?ms as provided therein, the li~al ~ , matw~ty date of the Note and of this Mortgage bemg ~y 1 , 19 89 , vvhich Note provides that ~ all installme~ts ot principal and mterest are payable at the offKe oi Mortgagee, or at wch other pl~e as the holder may designate in ~ ~ ~ wr~ting, and that each make~ and endorser agree to pay all costs of collection, including a reasonabie attorney's tee, upon detault in the _ _ ~ payment of the Note, and that if de(ault be made in the payment of any i~stallment thereunder and that ~f wch default is not made 9oai in accordance with the terms ot the Note, that the entire prmcipal wm and accrued, earned interest shail become due a~d payable • • w~thout notice at the option ot the holder thereot; and shall perform and comply wirth each and every stipulatan, agr~men[ arxl cov- ; enant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be void, otherw~se the same shall remain ~ i ~ ~n full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor'covenants to pay the taxes and assess- _ _ rt?ents on saed property; to carry insurance against fne on the build~ng on sa~d lend for not less than S~ , approved by the Mortgagee, w~th standard mortgage bss clause payable fo Mortgage.~e, the pol~cy to be hekl by the Mortgagee and to keep the ~ building on said tand m proper repai?. ~ This Mortgage shatl secure not oMy ex~st~ng indebtedness, but also wch future advances, whether wch advances are oblgatory or ! to be made at the o uon•of Mort y .--r P ga4ee, or otherw~se, as are made withm twent (20) Years from the date hereoi, to the same extent as ! rf wch future advances were made on the date of the executwn of this Mortgage, but such secured ,ndebteclness shatl not exceed at any ~ _ t~me the max~mum principal arr:ount oi S ~ plus mterest, and any d~sburseme.~ts made for the payment - v~ of taxes, levies, or msurance, on the Mortgac~ed Prope?ty, wrth interest on wch d~sbursements. Any such future advances, whether ~ v; oblgatory or to be made at the option of the Mortgagee, or otherw~se, may be made e~ther pr~or to or after the due date ot the Note or ~ _ ~ any other notes secured by this Mortgage. This Mortgage K given for the specitic purpose oi secunng any and aU mdebtedness by the ~ _ i Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time the max~mum princ~pal amount set torth in th~s ; _ ~i paragraph) in whatever manner this ~~debtedness~rt?ay be evdenced pr represented, uMil th~s Mortgage is sat~sf~ed oi record. All cave- i ; ~ nants and a9?eements contamed in th~s Mortgage shall be appt~cable to all turther advances made by Mortgagee to Maker under thK ~ ~ i;: ~ future advance clause. ~ ; ~ 3 , 00 i ; ~ _;n i Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, if the ~ ` ~ ~ ~ Mortgagee, so elect, at once become due and payable and thls mortgage may be toreclosed, and al1 costs ar.d expenges of colleciion and ~ pq i reaso~able attorney.c" fees, mclud~ng costs, expenses and reasonable attomeys" f~ on appeal, 1f collected by legat preceed~ngs or Z ! - ' x " throu9h an attor~ey at I~v, shall be paid by the Maker, and the same are hereby seeured. 1 € ~ ~ i . ? - i IN WITNESS WHEREOF, the Mortgago. has executed th~s Mortgage as ot the date f~rst above set forth. 4 - ~ - ~ S~gned, sealed a~d det~vereci \ m our pr nce: - „ ~ e . J ISEALi ; i ~ f (Mor agor) ~ f ~ ISEALI ~ ? (Mortg7gor) STATEOF Florida ~ • St. Lucie ~ ~ COUNTY OF ~ ,.,ti~~t~l~y,r~- s ; 1 HEREBY CERTIFY, that on th~s day, betore me, an ofhce: duly authonzed m the State aforesa~d and jywtyt_~~A?ef~d ~~A_, ~ to take acknowledgments, pe~wnally apprared ~OA Coplin to me known,~~'~e~peisZ~,de~.~d ~ ; m a~d who executed the forego~ng ~nstrument and he acknowledgecf19(ore me that tfi~~~n~. ~ ~ ~ ~ ~ WITNES~,my h0nd and OthC~al seal m the County and State iast aioresa~d ~s day~• " A.D., 19 ~ 7 . • F~ ' i ' ~ ~ f : . Notary Pubt~t . ~'it"Pfv R~i; r My Comm~ssan Expuei. g,~~;. ~~i tA o ~ 307 ~ 9i4 N ~ ~o~ . ~ ; a So,a-o0o-7 Rev.Bm P . E.ec~tne ?.eas ~ ~ ~ ~ ~~.,m., ~ ~.,f. - 4~~ F~ ~ ~ , " s" ~ i. _ ~ ~