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HomeMy WebLinkAbout1505 ~ > . , DIRECT HOME IMPROVEMENT 441948 MORTGAGE \vI7H FUTURE ADVANCE THIS MORTGAGE, made Ines 20th _ day of April _ _ - A D., 19 79_.__- , tre?wrrn Robert N. Enns and Catherine D. Enns, his wife lMoi tgayor l and Sun Bank of St. Lucie County - IAlortga9eel: (Name of Sun Bank! WITNESSETH, that Mortgagor, for ar.d m tonsrcferation of the prenuses and en order to secure the payment of the Pnncrpal and interest on the note las herernaftei dehnedl, hdoetyagor hereby grants, assrgns transfers and mortgages to Mortgagee, ns successors and assrgns lorever, the tolbwrng described real property in $t. Lucie Coumy, Florxta, to wu: That part of Lot 10 of ANDREWS AND RICHARDS RE-SUBDI~SION as per plat filed in Plat Book 1, page 199, of the Public Records of St. Lucie County, Florida, lying East of the East line of South Second Street, together with all riparian rights and submerged lands appurtenant thereto, EXCEPTING THEREFROM the following: 1. Begin at the intersection of the East line of South Second Street and the North line of said Lot 10, run thence East along said North line a distance of 63.3 feet; thence, South at an angle of 90 degrees with said North line a distance of 60 feet; thence West on a line parallel with said North line to the East line of South Second Street;~ thence-Northwesterly along said East line of South Second Street to the point of / beginning. t 2. Right of way of S. Indian River Drive . : ~ ' Received • In . - - - t?' ~ ~ - Paymsrtt Ol Taxes Due On Class "C" Intar?pible Personal Property, 4419A4~i Pu?suant To Chapter 71, tea. Acts of 1971• ~n , (:r ^ L y ii),~ i L • 3 Z ROGER POITRAS 9.>~~1 79 ~Clflrlt Cdreuit Court, St. Lucia. CO., Fla. w :v ~ (This is a Second Mortgage) v (hereinafter referred to as the Mort Pro ert and the Mort r does hereb full warrant the true to the Mort gaged P Y 9af1Q Y Y gaged Property r ' ` ~ and will deferxd the same against the lawful fl~m~o(r;al(;q~rspniwhanloever'. PROVIDED ALWAYS, that if Robert N. and Catherine D. Enns ,the Makerls) of that ~ri (Insert Name(s11 S = . ~ ! certaen promissory note dated the date hereof (the Notel, their hears, legal representatives or assrgns shall pay to Mortgagee j the principal sum of S 5,035.72 ~ evidenced by the Note, with interest aril upon the terms as provided thereon, the tine) { maturity date of the Note and of this Mortgage beeng April 11 t9 84 , which Note provides that a!1 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 fee, upon default in the • payment of the Note, and that if default be made in the payment of any installment thereunder and that of wch default es not made good in accordance with the terms of the Note, that the entire principal win and accrued, earned interest shall become due and payable I without notice at the option of the holder thereof; and shall perform and comply with each and every stipulation, agreement and cov- errant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be void, otherwise the same shall remain en full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess- ' merits on card property; to carry insurance against hie on the building on said land for not less than $ ~ _ , approved by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee aril to keep the t building on card larxl in proper repair. This Mortgage shall secure not only exrsUng indebtedness, but also wch futarre advances, whether such advances are obligatory or to be made at the option of Mortgagee, or otherwese, as are made within twenty 1201 Years from the date hereof, to the same extent as ~ rf wch future advances were made on the date of the execution of this Mortgage, bur such secured indebtedness shall not exceed at any I :.i, , ' rime the maximum principal amount of S NA plus rnterest, and any disbursements made for the payment y I of taxes, levees, or inwrarKe, on the Mortgaged Property, with interest on wch disbursements- Any wch future advances, whether - ~ ~ oblgatory or to be made at the option of the Mortgagee, or otherwise, may be made either prior to or alter the due date of the Note or ~ ~ any other notes secured by this Mortgage. This Mortgage is green for the specific purpose of securing any and all indebtedness by the ~ ~ Maker to Mortgagee (but in rro event shall the secured indebtedness exceed at any time the maximum principal amount set forth in this paragraph) m whatever manner this indebtedness may be evidenced or represented, until this Mortgage is satisfied of record. A? cove- 4 ~ ( pants and agreements contained in this Mortgage shall be applicable to all turther advances made by Mortgagee to Maker under this ~ future advance clause. i u pp 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 this mortgage may be foreclosed, and all costs and expenses of collectror, and ( ~ X' reasonable attorne s' tees, mcludm costs, ex enses ancd reasonable attorne s" fees on a peal, rf collected b 1 g ~ _ G 0i V 9 P Y P y egal proceedm, s or ~j through an attorney at law, shall be paid by the Maker, and the same are hereby secured. -1 •t . f -^I ~ _ a a IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. _ p-5' - r Signed, sealed aril deirvered m Our pre Ge: ~ Ct~ ~-i . L~ ~ . ~ ~ ~ ~ ' l ISEAL) I ~ ~ (Mortgagor) ISEAL? (Mortgagor l STATE OF Florida 1 i St. Lucie 1 - ~ COUNTY OF - A t 1 HEREBY CERTIFY, that on this day, before me, an o!frcer duty authorized en the State aforesaid and in the Ca`untsr"aforesa~l ( to take acknowledgments, personally ahPPared Robert N. Sr Catherine D. FFrt -Y: 'f6~i~ known to be~he person destr?txd .n and who executed the toregorng instrument and they acknowledged before me that they tsxttculi;~d1?~ WfM. 20th AgriY" WITNESLS9my hand and official seal .n the County and State last aforesar this da of ( AD.-19 ( ~ ' ~ Notary PublrC ~ c~s~ Q My Commrssron Exprr~Sj~Y ~ 'tl~ ~ .r, RGF ~~~K 3t17 ~~E 1505 Mr C,-? ~ . , . ~ . - N ~ ~ f S~ ~.DiC r•a. . ,-x •Rt ~ERr. q 5~~4-~-7 RN. B~77 E.«.r~. o.n. r ~ _