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 '
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in Public Reco~;~~„~t. Lucie County, Florida
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r 1~ Psyment Of TsNw
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' 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~. /
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' (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. =
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~'~7 ~ PROVIUED ALWAYS, tnac ~r Leon Coulin
;j ' . , , the Makerls) of that
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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-
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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.
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~ _;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
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x " throu9h an attor~ey at I~v, shall be paid by the Maker, and the same are hereby seeured. 1
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? - i IN WITNESS WHEREOF, the Mortgago. has executed th~s Mortgage as ot the date f~rst above set forth.
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~ - ~ S~gned, sealed a~d det~vereci \
m our pr nce: - „
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J ISEALi ;
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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
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; m a~d who executed the forego~ng ~nstrument and he acknowledgecf19(ore me that tfi~~~n~.
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~ WITNES~,my h0nd and OthC~al seal m the County and State iast aioresa~d ~s day~• "
A.D., 19 ~ 7 . • F~ '
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Notary Pubt~t
. ~'it"Pfv R~i; r
My Comm~ssan Expuei. g,~~;. ~~i tA
o ~ 307 ~ 9i4 N ~
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a So,a-o0o-7 Rev.Bm P .
E.ec~tne ?.eas ~
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