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Home My WebLink About1319 DIRECT HOME IMPROVEMENT iV10RTGAGE ' p WITN FUTURE ADVANCE 44~?~~v THIS MORTGAGE, made thia 3rd ~y of MAY ` A.D., 19 ,between Aaron Richardson Thelma Richardson, his wife IMortgagorl and Sun Bank of St. Lucie County (Mortgagee); )Name of Sun Hank) WITNESSETH, that Mortgagor, for and rn consrderatron of the premises and in order to secure the payment of the principal and rnterest on the note las hereinafter delinedl, Mortgagor hereby grants, assrgns transfer; and mortgages to Mortgagee, its successors and assigns forever, the following described real property in St. Lucie County, Fbrrda, to wit: Lot 6 of J.E.W. McCuller's subdivision ~TAT~ FL-~:~C;-, as per plat thereof in Plat Book 4, at DOCUMrENTARY..-~.--.. $1AM1' ~ ~ page 34 of the pu>allic records of St. Lucie - •,E~T pf~HEYENUE~~,i t County, Florida. Said property lying and - ~ _b.iy t:_ia~ ~ 5. 3 being in Section 3, Township 35, South, - rlj. - t, ;..~,:a~::' / - ~ w Range 40 East. - f i`. I/ 3~ Reaitred • ~ In Paylnsnt Of Taxes T . Due On Class "C' Mta~IpWN Persona[ Propert~?. (This is a Second Mortgage) Pu?suatr. To CI>faplst 71.134. Acts Of 1971. 0 1919 NAY -8 PN 2~ 17 Rocs POlTRAS ~ ~ T C1e?k Cil~cuq Court, SL trucie, Co., Fla. a a COU W aECOS<o v~alF~co a ~ 44`718 ~ (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 lawful claims of all persons whomsoever. ~ PROVIDED ALWAYS, that if Aaron Richardson and Thelma Richardson, hi.s w~tTr~Maker{s) of that 'Z [Insert Name{sl1 ~ certain promissory note dated the date hereof (the Note), their heirs, legal representatives or assigns shall pay to Mortgagee J the principal win of $ 10,1'28' S6 as evidenced by the Note, with interest and upon the terms as provided therein, the final _ maturity date of the Note and of this Mortgage being Mdy 1 , 19 89 ,which Note provides that all 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 tee, upon default in the payment of the Note, and that it default be made in the payment.of any installment thereunder and that ii wch default is not made good in aceordance 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 hokfer thereof; and shall perform and comply with each and every stipulation, agreement and cov- enant of the Note and of this Mortgage, then this Mortgage and the estate hereby created sha'! 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 card property; to carry insurance against fire on the building on said land for not less than S +Y a ,approved by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be~hekf by the Mortgagee and to keep the building on said land m proper repair. s j This Mortgage shall secure not only existing indebtedness, but also wch future advances, whether wch advances ark 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 if wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed at any ume the maximum principal amount of $ Il~a plus interest, and any disbursements made for the payment t _ W ~ _ ~ of taxes, levies, or insurance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether U 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 ~ 1a any other notes secured by this Mortgage.. This Mortgage K given for the specific purpose of securing any and all indebtedness by the ~ gggee (but in no event shall the secured indebtedness exceed at any time the maximum principal amount set forth in this _ ~ ~ Maker to Mort W paragraph) in whatever manner this indebtedness may be evidenced or represented, until this Mortgage is satisfied of record. All cove- y Hants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this future advance clause- > ~e O~ ~ 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 collection and i~: O; O reasonable attorneys' fees, including costs, expenses and reasonable attorneys' fees on appeal, if collected by legal proceedings or ~ through an attorney at law, shall be paid by the Maker, and the same are hereby secured. r ? bj O IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. G1i Signed, sealed and livered .~r rn our presence: - Mortgagor) ~ ~ a ~ t~~r~~?~i ~Zdls1-~.~..t->~[~ (SEAL) (Mortgagor) ~ STATE OF Florida 1 St. Lucie 1 ` COUNTY OF 1 ' • ~ 1 HEREBY CERTIFY, that on this day, before me, an officer tluty'authoifrv;f.b the State aforesaid and m the County aforesaid Aaron Richairdmo3l and '~islaa ~~dsg$ ~is w~.~e to take acknowledgments, personally appeared t wn t ~ t perso escnbed `3 ~r , t ' . i _ rn and who executed the foregoing instrument and ~ acknow~eflged befofe me that they executed the same- Y WITNESS my hand artd offrual seal in the County and Smote I~st e~ ~Ilir` ; 3 Y of ~ , A.D., 19 . - N tery IiG- ' r .Ct~.rf ,Q. y~"1.1f""t._ ' = n~-~71 AT U ` My Cdr1u11is3'rb~j,EizPireS: f, ; :-_.,ti,:.iiSlr). '7 d1 '3 1i i 308 ~~:13~~' , >r ~ it.~. W~ :fa 4 60 14-000-7 Rtv 6/77 ~ i,ec„rn.v'..+ ! - _ _ ~