HomeMy WebLinkAbout0918 (>IRECT HOME IMPROVEMENT MORTGAGE / `~~S~O ~
tY1TH FUTURE ADVANCE
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THIS MORTGAGE. made th~s _ i8 day ol _~r~._-_------ . A p, 19 . between
Benla~n F. Robinson a/~o Ben Robinson and Ethel Robinson,~his wife ~Mo~tgagorl a~a
_Sun Bank of St. Lucie County _ iM~„~?:
IName o( Sun Bank)
WITNESSETN, tnat Ma~gagor, to~ and ~n cons~dera~~on ol the prem~ses a~xi ~n ordei to srcure the payment of ~he pnnc~pal and
~nterest on ihe note (as here~na~ter dehnedl, Mortyagor hereby grants, ass~gns transters and mortgages to 6lortgagee, ~fs successorsand ~
au~gns foreve~, the follow~ng descr~bed real property ~n s~~~e _ County, Fbrrfa, to wit: .
Lot 4, Block 4, IRENE PLAZA SUBDIVISION, according to the plat .
thereof on file in Plat Book 9, Page 33, Public Records of St.
Luci ount Florida.
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r;: (here~natter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby fully wa~rant the t~tle to the Mortgaged Property
and w~~l defend the same aga~nst the lawtul cia~ms of ail persons whomsoever.
~ Ben amin F. ~ Ethel Robinson
l~ PROVIDED ALWAYS, that ~f ~ , the Makerls) oi that ;
' (Insert Name1s1)
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{ 1~ certain prom~ssory note dated the date hereof lthe Note1, their ~,rs, legal representat~ves or ass~gns shall pay to Mortgagee
6 585.69 '
- ~ the pnncipal sum of S ~ as ev~denced by ihe Note, with interest and upon the terms as provided therem, the final
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''T mawrrty date of the Noie and of this Mortgage bemg _A~LYi ~ 7 ~ ,/9 , which Note prov~des that
atl mstallments of principal and interest are payable at the oifice oi Mortgagee, or at wch other place as the holder may devgnate m
~ a# wr~tmg, and that each maker and endorser agree to pay all costs of cotlectwn, includ~ng a reasonable attorney's (ee, upoo default m the
' payment of the Note, and that if default be made in the payment of a~y installment theraunder and that ~f such detautt is not made
_ r ~goaf in accordance with the terms of the Note, that the entire principal wm and accrued, ear~ed ~nte~est shall become due and payable
without not~ce at the optio~ of the holder thereof; an[) shall periorm and comply with 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, otherw~se the same shall remam
7` m full (orce. Maker covenants to
pay the interest and principal promptly when due. Mortga9or covenants to pay the taxes and assess-
' ments on said property; to carry insurance agamst irce on the building on sa~d land for not less than S HQ , approved
~ by the Mortgagee, wrth standard mat9age loss clause payable to Mort
ga9ee, the pol~cy to be held by the Mortgagee and to keep the
budding on sa~d land ~n proper repau.
This Mortgage shall secure not only ex~st~ng indebtedness, but also wch future advances, whether wch ~Jvances are oblgatory or
to be made at the option ot Mortgagee, or otherw~se, as are made w~th~n twenty 120! years irom the date hereot, to the same extent as
~ ~f wch future advances were made o~ the date ot the execution of this Mortgage, but such secured indebtedness shall not exceed at any
_ ; t:me the maximum prm¢ipal arr~ount of S ~ plus mterest, and any disbursgme~ts made (or the payment
; o( taxes, lev~es, or inwrante, on the Mortga~ed Property, wrth mterest oo wch disbursemems_ Any wch future advances, whether
~ oblgatory or to be made at the optwn of the Mortgagee, or otherwise, may be made e~the? pnor to or after the due date ot the Note or
~ , ~ any other ootes secured by this Mortgage. This Mortgage is grven tor the spec~fic purpose of secunng any a~d all ~ndebtedneu by the _
Maker to Mortgagee (but ~n ~o event shatl the secured mdebtedness exceed at any time the max~mum pr~nupat amount set torth in th~s
~ = paragraph) in whatever manner th~s indebtedness may be evidenced o~ represented, until this Mortgage ~s saus(~ed ot record. All cove- !
i ~ ~ nants ancf agreements contamed ~n th~s Mortgage sha11 be appl~cabte to all further advances made by Mortgagee to Maker under th~s -
~ , ~z.~ future adva~ce clause.
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~ _ •pz Should any o1 the above covenants be broken then the Note and all moneys secured hereby shall, without dema~cl, the
~ ~ Mortga~e, so elect, at once become due and payable and this matgage may be foreclosed, and all costs and expenses of co~lect~on and
s - reasonable attorneys' fees, mcludmg costs, expenses and reasonable attorneys' fees on appeal, ~i collec[ed by legal proceedmqs or
through an attorney at law, shall be pa~d by the Maker, and the same are hereby secured.
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~ ~ ~ d IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as ot the date f~rst above set fo~th. ~
~
} - ~ Sgned a a~d del~vered
f m o pre ce: . ;
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F lSEAII
(M or tgago.l
- - _ ISEA~I
IMortgagorl ~ :
STATE OF FLORIDA )
1
COUNTY OF ST. LUCIE 1 C. . ~ i
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I HEREBY CERTIFY, that on th~s day, before me, an ofiXp~duly eutl~fKFzed ~n the S~ate a~oresa~d and ~n the County aforesa~d
; to take acknowledgments, personalty appPared R ~ 11 _T~'._ $t t Rnbinc
S ~ ~~,~.~,~-T.~,~ f~ine known to be the person descr~bed
E ~n and who executed the torego~ng ~nstrument arxf t~~ i~ ~cknow~dged pe(ora me that they executed the same.
WITNESS my nand and offiual seal ~n the County and Statet~i , ' t~ :'~St~ ~ of April .
AD., 19~_.
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My Comm~ss~on Exp~res:
Y R ~7 Pac~ 918 . . - • , . '
46014-000-7Rev.8/77 . .•w~~ ' - ` Frw~.v.~..
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