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Home My WebLink About2637 i C~IRECT HOME IMPROVEMENT MORTGAGE (.f' ~:ITH FUTURE ADVANCE A /~~`C~ THIS MORTGAGE, made this 19th aay of April `!`IIG+V_a_~- A.D., ]9 79 ,between Laine A. Drawdy and Cristine H. Drawdy, his wife (Mortgagor) and _ $nn Aank Af fit. I,~ci_e Ott ~y ~ _ (Mortgagee!: (Name of Sun Bank( WITNESSETH, that Mortgagor, for and in consideration of the premises and in order to secure the payment of the principal and imerest on the note las hereinafter defined!, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and assigns forever, the following described real property in St. Lucie _ County, Flarxia, to cart: Lot 7, Block 107A, Unit 9, LAKEWOOD.P,ARK, as per plat thereof on file in Pla~ Book 11, page 27A, B, C, 6 D, of the Public Records of St. Lucie County, Florida. ~,'L~p. ENO RECORD~~~ ST. t_U61E CQUNTY:.RLA~'1 ~.}F%7 ~ E Rlf iF0 ~ X42.653 ~ g • 43 I~ MAY' I ~ i9 ~ ~ 7t D ~P In Pavmsnt o+ Tfutfsts ~ - _ _ ~ r'., i:~ (T ~ r Orrb On Class '•C•• Intangible Personal Prop~rtY. - ~ ~ (This is a Second Mortgage~i~=~ T - rn CLERK Cir~CU~ + COUR~?rsusnt To ChROGER POITAAS s ~ 71, nj Cle?k Circuit Cou?t, St. Lucie. Co., 1~. i . • 111 4i~:~'=i2 yi:~••' ! (hereinafter referred to as the Mortgaged Property!; and the Mortgagor does hereby fully warrant the title to the Mortgaged Property ' and will defend the same against the (awful claims of all persons whomsoever. r` PROVIDED ALWAYS, that if Laine A. ~ Cristine H. Drawdy ,the Maker(sl of that [Insert Namels?1 . i ; certain promissory note dated the date hereof (the Notel,thPi Y' heirs, legal representatwes or assigns shall pay to Mortgagee _ 8 530.40 - a, ~ the principal sum of $ as evidenced by the Note, with interest and upon the terms as provided therein, the final i , i maturity date of the Note and of this Mortgage being April 21 , 19 $9 ,which Noce provides that all installments of principal and interest are payable at the office o1 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 if wch default is not made good in accordance with the terms of the Note, that the entire principal win and accrued, earrxd interest shall become due and payable without notice at the option of the holder thereof; and Shall perform and comply with each and every stipulation, agreement and cov- • • " • ' enant of the Note aid of this Mortgage, then this Mortgage and the estate hereby created shall be void, otherwise the same shall remain in full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess- ments on said property; to carry insurance against fue 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 and to keep the building on said land in proper repair. This Mortgage shall secure not only existing indebtedness, but also wch future advances, whether such advances are obligatory or to be made at the option of Mortgagee, or otherwise, as are made within twenty 1201 years from the date hereof, to the same extent as r-I if wch future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed at any } time the maximum principal amount of $ _ NA plus interest, and any disbursements made for the payment j c,) of taxes, levees, or insurance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether `I ~c! obligatory or to be made at the option of the Mortgagee, or otherwise, may be made either prior to or after the due date of the Note or any other notes secured by this Mortgage. This Mortgage is given for the specific purpose of securing any and all indebtedness by the ~ ~ Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time the maximum principal amount set forth in this = paragraph) in whatever manner this indebtedness may be evidenced or represented, until this Mortgage is satisfied of record. All cove• Hants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this ;zj future advance clause. > r - - u •-i ~ Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, ii the q y~ Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and all tosts and expenses of collection and c ~ pl reasonable attorneys' tees, including costs, expenses and reawnable attorneys' tees on appeal, J collected by legal proceedings or J `j ~ through an attorney at law, shall be paid by the Maker, and the same are hereby secured. d i •-t IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. Signed, sealed and delivered in our Bence: . t (Mortg 9or1 I 1 ~ ~ t- ~ ~ _ (SEAL) ' (Mortgagor) s STATE OF Florida ) ,r4, ..~f'~ COUNTY OF $t. Lucie ) " I HEREBY CERTIFY, *hat on this day, before me, an officer duly authorized in the State aforesaid,and in t~l.Cou~tyy~Orefed to take acknowledgments, personally appeared Laine A. ~ Cristine H. Dra]~t~~1e knOvRt to the r ~ ~ ~ ' ~ btl fpe `sQn tigsclrped ' - in and who executed the foregoing instrument and they acknowledged before me that ~~y px ted tF2e~sirrie. w • WITNESS my hand and official seal m the County and State last aforesaid this 19th day of A - , z • ~v t ~ Notary Pubbc ~j~/~ My Commission Expuessli ~'pRY ~ Rt ~ ' STet~ Ftt'JgIQi1 IT r iigf. D\ i P ~~G}(_~J ~ / ~ACEFrV-(r1 M CU~JVl1iS10NEiVIRESAM1AY 26 i9k1 U`d a 50 t a-000.7 Rev. 8/77 ~i~/ V V s: ,-,pEO T1+ttt~ :,EnERAI f NS - ilvik~; Rai^~'D.rss\ x - -