HomeMy WebLinkAbout2634 DIRECT HOME IMPROVEMENT MORTGAGE 4~~sso
WITH FUTURE ADVANCE
THIS MORTGAGE, made this 24th day of ~,1~ri1 , A.O., 19 ,between'
_j'`eerQe W SarbEY'_~d Tanet>: Barber, his wife _ (Mortgagor) and
Sun Bank of St Lucie County _ (Mortgagee?:
INameof Sun Bank)
WITNESSETH, that Mortgagor, for and rn consideration of the premises and rn order to secure the payment of the princrpal and
rnterest on the note las hereraftF detrnedl, Mortgagor hereby grants, assrgns translers and mortgages to Mortgagee, its successors and
assrgns lorever, the following described real property rn T County, Fbrda, to wit:
Lots 7 & 8 of Block 11 of MARAVILLA PLAZA as per plat thereof
on file in Plat Book 5 page 44 of the public records of St.
Lucie County, Florida.
• F=LcO ArlD i2ECORDED
. ~_UC)E COUNTY FL:+. (
- ~ ~'t'~i."~EO ~-3 -3~ Ir Pa, :;r,t O `axes
RecetvEd S ~""'-tb(ePetsa~IPtf~Rll.
442650 ot„ on c~~s'rCr' Inteng
~ t79 P''-i!V ~ ~ ~ : ~ ~ PtK>iuant To C ~a W 187
A~. ~
\l~ ' tr " = CNrk C~ Cotes SL UrtCis, Oo••
(hereinafter referred to as the Mortgaged Propertyl: arxs the Mortgagor does hereby fully warrant the title to the Mortgaged Property
and witl defend the same against the lawful claims of all persons whomsoever.
~ PROVIDED ALWAYS, that rf GeOr~e W & Janet Barber the Makerfs) of that
p (Insert Namelsl)
~ certain promissory note dated the date hereof (the Notel~-heir heirs, legal representatives or assrgns shall pay to Mortgagee
L 1 t 2 ~ the principal sum of $ 6 ~ 654.95 as evidenced by the Note, with rnterest and upon the toernms as provided therein, the final
^ t maturity date of the Note and of this Mortgage being 5 -1 - , 19 0 7 , which Note provides that
~•'~•~r` all installments of principal and interest are payable at the office of Mortgagee, or at wch other place as the holder may designate in
y, -r 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 i! default be made in the payment of any installment thereunder and that rf wch default +s not made
~ good in accordance with the terms of the Note, that the entire principal win and accrued, earners interest shall become due and payable
without notice at the option of the holde+ thereof: and shall perform aril 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, otherwrse the same shall remain
, z_ rn full force. Maker covenants to pay the interest and princrpal promptly when due. Mortgagor covenants to pay the taxes and assess-
~ 2~._ '!)i merits on card property: to carry insurance against fhe on the burkirng on card land for not less than S n~a ,approved
by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the potrcy to be held by the Mortgagee and to keep the
t building on said land rn proper repau.
I _ rl i
This Mortgage shall secure not only existing indebtedness, but also wch future advances, svhether such advances are obligatory or
j to be made at the optron of Mortgagee- or otherwrse, as are made within twenty 120) years from the date hereof, to the same extent as
rf such future advances were made on the date of the execution of this Alortgage, but such secured indebtedness shall not exceed at any
trine the maximum princrpal amount of $ _ n~a plus rnterest, and any disbursements made for the payment
of taxes, levies, or insurance, on the Mortgaged Property, with rnterest on wch disbursements. Any such future advances, whether
! obligatory or to be made at the optron of the Mortgagee, or otherwrse, may be made either prior to or after the due date of the Note or
< ~ ~ any other notes secured by this Mortgage. Thrs Mortgage rs given for the SpecrLc purpose of securing any and all rrxsebtedness by the
i _ ~r i Maker to Mortgagee (but rn n0 event shall the secured indebtedness exceed at any time she maximum princrpal amount set forth in this
f ~s ` paragraph) rn whatever manner this indebtedness may be evidenced or rep:esemed, until this Mortgage rs satisfied of record. All cove-
33^^^~~~~llll Hants and agreements contained rn this Mortgage shall be applrcabte to all further advances made by Mortgagee to Maker under this
~ryy future advance clause.
Z ~ - I Should any of the above covenants be .broken then the Note and all moneys secured hereby shall, without demand, rf the
- 1 r t n e m rxs le and this mat a ma be foreclosed and all costs and ex crises of collection and
A o tgagee. so a ect, at o ce b co a due a payab gag y P
r reasonable attorneys' fees, including costs, expenses artd reasonable attorneys' fees on appeal, rf collected by legal proceedings or
- r-~i through an attorney at taw, shall be paid by the Maker, and the same are hereby secured.
'`ri
C1~ ~ IN WITNESS WHEREOF, the Mortgagor has executed this Mortgaye as of the date first above set forth.
d~
4' I $rgn ,sealed and detrvered George W . Barber
g m ou presence:
3 ~ ' (SEAL)
1 ortgagor)
_ tSEAU
} ~ fAlortgagor)
i STATE OF Florida , Janet Barber
COUNTY OF St , Lucie
- ~ I HEREBY CERTIFY, that qn thr; day, before me. an officer dr~uty authonZed in the State aforesazs arxf rn the County aforesaid
t0 take ackno~.vledgments, personally appeared George W. tSt~.lan@t Barbet~me known to be the per son described
,n and who executed the foregoing rnstrumen: anti ~reT acknowledged before me that ~3~ executed the same.
~ WITNESS my hand and offiaal seat rn the County and State tat a~prBs~J tars 24tLL day of April _ ,
AD.. 19~-. 1.:.~+
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