HomeMy WebLinkAbout1321 DIRECT (r10ME IMPROVEMENT MORTGAGE `l~~l I ~o ~ / ,
WITH FUTURE ADVANCE -
THIS M R GAGE, made h s 4th y of ~1ay - _ . A.D., 19 79 ,between
Josep~i ~astro anf~ Mary stro, _ ~s rvi a (Mortgagor) and
o ce
IMortgageel:
(Name of $un fdankl
' WITNESSETH, that Mortgagor, for and sn consideration of the premises and .n order to secure the payment of the pr~nc~pal and
interest on the note las hereinafter defrnedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, ns successors and
assigns forever, the following described real property in St. LuCle County, Ftorda, to wit:
Lot 1; Block 217, SOUTH PORT ST. LUCIE UNIT
SIXTEEN, according to the Plat thereof as recorded
in Plat Book 16, Pages 43, 43A through 43 D, of the
Public Reocrds of St. Lucie County, Florida.
SUBJECT to Restrictions, Easements and Zoning of Record.
Subject to that certain first mortgage from the grantees
/ hereof to First Federal Savings and Loan Association of
9,,r/ Fort Pierce, dated August 15, 1978, recorded in O.R. Book
>9 / 293, page 980m of the Public Records of St. Lucie County,
~5 Florida securing the original sum of 15,00
lY' O
_ Recehred i In'aytt~attt OI Taxaa
Due On Class "C" Intatt~N ~arsorlaf Property,
_ Pursues! To Chapter 71.1, Ads OI 1871.
~ 19T9 NAY -8 PK 2~ t 7 Roc;en POITAAS ~
Cle?I, Circuit Court, S't. LuCia. Co., Fla.
• . f:17 { FILED A~(pp FECUROEO
p ~ S71.1~1E COt~TY.FI.A. A A ~~20
. • . r r t ClE
KEC
PCNT
COO(S~'~ R ~ `t'-t
'_''A~,„M (hereinafter referred to as.a (f~~~~~
-,opertyl; aria the Mortgagor does hereby fully warrant the trtte to the Mortgaged Property
and wiil defend the same a91~ne talisiftif cfauns of all persons whomsoever_
~~,1-Y Jose h Castro and Ma Castro
PROVIDED ALWAYS, that if p ~ ,the Maker(s) of that
[Insert Namelsll
r their
- - certain promissory rwte dated the date hereof (the Notel, heirs, legal representatives or assigns shall pay to Mortgagee
_ the principal sum of $ 4, 250' 84 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 ~y 11 , 19 84 ,which Note provdes 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 if default be made in the payment of any installment thereunder and that rf wch default is 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
without notice at the option of the holder thereof; and shall perform and comply with each and every stipulation, agreement and cov-
J ~ ~ ~ errant of the Note and 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- i
~
V'~ ~ ~ meats on said property; to carry insurance against fire on the building on said land for not less than $ _~,t/a ,approved
by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the
E building on said land in proper repair.
i
gage shall secure not onl existi indebtedness, but also wch future advances, whether such advances are oblgaiory or
~ This Mort Y n9
i to be made ar 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 wch secured indebtedness shall not exceed at any
~ W ~ ' time the maximum principal amount of $ ~a plus interest, and any disbursements made for the payment
Q
U ~ of taxes, levies, or inwrance, 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 after the due date of the Note or
•~1 ! 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 Ibut m no event shall the secured indebtedness exceed at any time the maximum prinupal amount set forth in this
.--7 ~ paragraph) in whatever manner this indebtedness may be evidenced or represented, until this BQortgage 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
~ future advance clause.
_ ~
X' O I. Should any of the above crnenants be broken then the Note and all moneys secured hereby shall, without demand, if the
Z. • ~ Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and all costs and expenses of collection and
~ ! 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.
~ ~ ~
= O~ ~ f IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth.
sae = ~ ~ _
~ Sgned,~ a ehv ed
rn o p e ce:
(SEAL) -
ortgagor)
• /r~
g C _ (SEAL)
ry Y'O (Mortgagor) r
STATE OF FlOrlda 1
COUNTY OF St • Lucle I
I HEREBY CERTIFY, that on this day, before me, an oi(scer duly authorized rn the $tatf!'~torec~d and sn the County aforesad
Jose h and Ma Castr6
to take acknowledgments, personalty appeared p co rtft;kftpviri~tq be the person described
sn and who executed the foregp~ng instrument and they acknowledged before me that executed the same.
3
_ WITOif`SS my hand and official seal rn the County and State 1 a rd this_._._-dayol -t~ - ~.y
~ ~l<~ ru1lK STATE a tLORID~ 4' ! RR+t~ Notary Pub i '
~ O~NIKS1O11 t~VIRES OCf 10 1962 My Com an xpues. C ~ z
1?M ~r1~K IIa. i~l~ u
4.6014-000.7 Rev. 8/77 t.r,.r...o,ess
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