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Home My WebLink About0915 DtRECT HOME IMPROVEMENT MORTGAGE ' ~ / '::tTH FUTURE A~VANCE ,7 A~S`~.J V I THIS MORTGAGE, made ~~~s _ 19th a~ ApY'11 T___ . A.D.. ~9 79 t~e~ween Tommy Martin and Dorie J. Martin, his wife - IMo~tyayor) and Sun Bank of St. Lucie County A ~Mo~~~~?: lNameoi Sun Bankj WITNESSETH, that Mortgagor, for a~d ~n co~s~derat~on of the prem~ses and o~der to secure ~he payment ot the D~~M~Vat and ~nterest o~ the note !as here~na~ter det~nedl. Morcgagor he~eby grants, auigns translers and mortgages ~o Mo~[gagee, ~tssuccesso~sand ass~qns lorever, ~he followmg descr~bed ~eal property ~n St I~ur~e c~~~v, Floruia, to w~t: O ~ _ c*i i Lots 16 and 17, Block 28, PARADISE PARK, a subdivision according ++l to the plat thereof recorded in Plat Book 8, page 17 of the Public Records of St. Lucie County, Florida. = ' ` ~ ~ _ - • v ~ ~ . S . .11~ i ; i (This is a Second Mortgage) 1~ Payment Ot Taxes , ~ , . ~ On Ciss~ "C" Intanpi~FsrsorwlPrcPertl?. , ~ ~ ' ^ ~ 71.134. Acts Of 1871. ~DR~ c D p~ 7o Chapter ' ~ ' i ppGER POITRAS ~yt~ ~ ~ ~~9 ~ ~ 4~~ss.~ ` ~k{~~it Court. S~ t.ucl~. Co.• ; 20 ~ • y ~ ~ fr ~ ~ (hereina(ter referred to ~s t~{No?tgi~d Property); and the Mortgagor does hereby fully warrant the htle to the Mortgaged Property and wi~l detend the same againstihe fawEul.Clp~ms of ali persons whomsoever. ~ i PROVIDED AIWAYS, that ~i To~ Martin-.and nOri c.i _ Mart3n , the Make?Is) of that - (Insert Namelsl) certain promissory note dated the Aate hereof (the Natel, their he,rs, legal representat~ves or au~gns shall pay to Mortgagee ~ the principal sum oi s_$ ~ 9~1 . 32 as evidenced by the Note, wrth mterest and upon the terms as provided therem, the t~nal maturity date of the Note and ot this Mortgage bei~g April 26 , ~g 87 , wh~ch Note prov~des that ? att mstal~ments of principal and inter~t are payable at the of(ice of Mortgagee, or at wch other place as the holder may des~gnate in wrrting, and thaf ~ch maker arx! endorser agree to pay all costs oi coltection, including a reasonable attorney's fee, upon default m the payment of the Note, and that if default be made in the payment of any lnstallme~t theraunde. and that ~f~wch detautt is not made good in accordance with the terms of the Note, that the entire pruicipal sum and accrued, earned interest shall become due and payeble w~thout not~ce at the option of the holder thereo(; and shall perform and comply wrth each and every stipulation, agreement and cov- enant of the Note and oi this Mortgage, then th~s Mortgage and the estate hereby created shall be vo~d, otherwise the same shall rema~n ' m full force. Maker covena~ts to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess- i menis on se~d property; to carry insurance agamst fue on the bu~lding on sa~d land for not less than S ~ ,approved by the Mortgagee, w~th starclard mortgage losz clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the ' j bu+ld~ng on said land in proper repair. F ~ Th~s Mortgage shall secure not onty exist~ng indebtedness, but alsp wch future advances, whether wch advances are oblgatory or 4 ~ to be made at the option of Mortga~ee, O~ othe~w~se, as are made w~thm twenty 120) years (rom the date hereot, to the same extent as ~ Cs. ~f wch future advances were made on the date of the execut~on of this Mortgage, but wch secured mdebtedness shall not exceed at a~y M t~me tne maximum pr~nupal arnount ot S p~us ~nterest, and any disbursements macie for the payment ~ uj of taxes, levies, or inwrance, on the Mortgaged Property, wrth interest on wch disbursements. Any wch tuture advances, whether i ~ ~ oblgatory pr to be made at the option of the Mortgagee, or otherwise, may be made erther prior to or after the due date of the Note or f < any other notes secured by this Mort9age. ThK Mortgage es grven for the spec~f~c purpose ot secur~r?g any and a11 ~ndebtedness by ihe j - a+~ Maker to Mortgagee (but m r?o event shall the secured indebtedness exceed at any time the max~mum pnnc~pal amount set forth ui ih~s ~ - , i paragraph) ~n whatever manner thrs ~ndebtedness may be evidenced or represented, until this Mortgage ~s satished of record. All cove- ~ , nants and agreements conta~ned in this Mortgage shall be appl~cable to all tunher advances made by Mortgagee to Maker under thK E I future advance clause. f ~ ~ ~ ~ : ~ E Should any oi the above covenantz be broken then the Note and all moneys secured hereby shall, w~thout demand, rf the ~ Mortgagee, so elett, at once bernme due and payable and th~s matgage may be foreclosed, a~d all costs and expenses oi collect~on and ~ fl~ reasonable attorne s' fees, includ~n costs, ex enses and reasonabie attorne s fees on a ~ ~ c0 ~ Y g p y' ppeal, ~t collected by legal proceed~ngs or y through an attorney at law, shall be paid by the Maker, and the same are hereby secured. a = . i t z U:p! [ IN WITNESS WHEREOF, the Mortgagor has executed th~s Mortgage as o( the date first above set forth. ~ ~ Sgned, sealed and delwered ~ m our pre nce: _ ~ e ~ ~ _ ISEAL) ' ~ Ig r) ? i i , ~ (SEALI # ~ ortgd~Or) £ , i STATEOF PLORIDA ~ ST. LIJCIE ~ ~ . COUNTY OF ~ r " ~ . I HEREBY CERTIFY, that on th~s day, before me, an o}f~cer duiy author~zed ~n the State aforesa~d ~r1d~t~l~eCouhly~toresaid i ~o [ake ack~owledgments, personal~y appPared TOIO~I~/ bc DOr~B .1. Martin to me knov4n W be tl~p8r 4`r, • ° the ~ ~ _ f m and who executed the forego~ng ~nstrument and y acknowiedged betore m that th6 7F~Y~e. ~ i WITNESS my hand a~d offic~al seal ~n the County ancl State last aforesa~d th~s dayrOt' ~ A.0..19-~~. Notary Pubhc _ . j~~, ~.~'~'~qj- •AYC MY Comm~ss~on Expuqs: . , , v• M i> .I?f.~ ~A~~ OQO!( l a so,a-ooo-~ Aer. sm E.. ~,,,~P.n, q~'~ . _ `~'S'- f, ~ . ~ • X +~5, ;8i , _ I~I v~~' `~y~3 LL .Ya.~~-t - _