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HomeMy WebLinkAbout2278 uIHECT HOME IMPROVEMENT MORTGAGE 4~~f33o ;KITH FUTURE ADVANCE THIS MORTGAGE, made th+s ___~,.Oth day of A.D., 19 ,between' Larxy C, White and Bobbie J. WhiteL his _wife______________ (Moityayor? artd Stan Rank of St_ Lucie Cn1IItT - IMortyageel: IName of Sun Bank! WITNESSETH, that Mortgagor, for and in consideration of the premises and m order to secure the payment of the pnnapal and rnterest on the note laz hereinafter delrnedi, Mortgagor hereby yrants, ass,gns uansfers and mortgages to Mortgagee, ns successors and assrgns forever, the following described real property rn _ St _ LuCip County, Florida, to wet: Lot 5, Block 48, INDIAN RIVER ESTATES UNIT 7, according to the Plat thereof as recorded in Plat Book 10, Page 75 of the Public Records of St. Lucie County, Florida. 5,1 , 1 (This is a Second Mortgage) Oue On Class C M Payment 01 Tsxp Personal ~'oPel'M. pursuant To Chapter 71. 134, Acs Ot 1971. ~~T9 1~AY 11~ P~ ~ 28 ROGER POITRAS ~-3~,e Clerk C1rCUit Court, $t. Lucie. CO., Fla. fd.FOAtiU ~CdRUtO - TtQCfE CD!l1IT x FLA. • _ ~ ~~R CRODR - RECTfRq Vi:p!FtED._ ~y-~~~ A ~j (hereinaher referred to az the Mortgaged Propertyl; and the Mortgagor does hereby fully warrant the rule to the Mortg3grxl Property aril wirl defend the same against the lawful claims of all persons whomsoever. m_ " PROVIDED ALWAYS, that rf i.arr~~ & Bobbie T _ 41117 to the 1tilakerlsl of that y~r i. jlnsert Namelsl! ; _ z ' certain promissory no*.e dated the date hereof (the Notel. ~"T+p~~~ heirs, legal representatives nr assigns shall pay to Mortgagee r t the prinupal sum of S 1 ~(1 ~~i`t,>~ as evidenced by the Note, with +merest arxi upon the term; as provided therein, the final • ~ ~ r i mawnty date of the Note and of this Mortgage being 198.- , which Note provides that ` alt rnstatlments of principal and interest are payable at the office of Mortgagee, or at wch other plxe as the holder may desiynate in . ! ~ wntutg, and that each maker and endorser agree to pay all costs of collection, including a reasonable attorney's fee, upon default m the payment of the Note, and that if default be made rn the payment of any installment thereunder and that +f such default rs not made C.J1 ` 1 good in accordance wuh the terms of the Note, that the ant+re pnncrpai vim and xcrued, earned rnterest shall betomedue and payable without notice at the option of the holder thereof; and shalt perform and comply wnh each and every stipulation, agreement and cov- enant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be void, otherwise the same shall remain z , I - ~ rn full force. Maker covenants to pay the rnterest and principal promptly when due. Mortgagor covenants to pay the taxes and assess- - - - merits on said property: to carry insurance against fire on the twridrng on said larxl for not less than $ _ n/a ,approved by the Mortgagee, with standard matgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the bu+lding on card land rn proper repa+r. Th+s Mortgage shall secure not only existing indebtedness, but also wch future advances, whether such advarx:es are obl+yatory or to be made at the option of Mortgagee, or otherw+se, as are made wuhrn twenty 1201 Years from the date hereof, to the same extent as .f wch future advances were made on the date of the execution nl this Mortgage, ttut such secured rndebteclness shalt not exceed at any i _ time the max+mum pnncrpai amount of $ - n~a _ plus rnterest, aril any disbursements made for the payment of taxes, ievres, or insurance, on the Mortyaged Property, wuh iriteresi on wch disbursements. Any such future advances, whether obligatory or to be made at the option of the Mortgagee, or otherwise, may be made either poor to or after the due date of the Note o? { - C1 any other notes secured by this Mortgage- This Mortgage rs given for the specific purpose of securing any and all indebtedness by the _ >O Maker to fvlortgagee (but in no event shalt the secured indebtedness exceed at any time the max+mum principal amount set forth rn this { _ paragraph) rn whatever manner th+; indebtedness may be evidenced or rep:esentect, until this Morty3ge rs satist+ed of record. Au cove- ~ Hants and agreements contained m this Mortgage shall be applicable to alt further advances made by Mortgagrr to Maker under this j = future advance Clause- t; - x Should any of the above covenants be broken then the Nnte and all moneys secured hereby -shall, wuhoui demand, rf the - ~ Alorty3gee, so elect, at once become due and payable and this mortgage may be foreclosed, and alt costs and expenses of roilect~on and _ ~ reasonable attorney;' fees, rrciud:nq costs, ~•xpenses and reawnatrie attorneys' fees on appeal, rf Cotiected by 1+rgal proceed+nys or e - ~ ShrOU h 3n 3?tOme 31 13W, ih311 be _ g y paid by the Maker, and the same are hereby secured. IN >,VITNESS WHEREOF, th~• Rlnrtg3gor has execurerl this Mor;yage as or the date fntrt~iatrnve see forth - ~ - Sryned, sealed and detrvered La ,ry C . wtllte. J1 i .n Our pr ^nce ~ / J/~ ~ `Y I _l IStoit_ o.? 1 ~ fc --t----- - iMortyagor ) Bobbie J. White STATE OF Florida ? ? _ _ COUNTY OF St , Lucie ' I NERERY CERTIFY, that on th~i stay, before me. an ott~cer ri~ulyAta~alLt~h'o:+rerf rn the Stag aforesaid end m tr~i6ou±ty~bresaid g fo ;axe acknowtedgmen?s, personally appearrtd Larry _C CX_~e J . to me known to fx tReper~t5 das~utxd .n and stino exeCated the torego~no .n;?rument and acknorriedgeYt trefore me that ~lxecJti'd tftp 67r rte. ~ WITNESS my hand and o!f;c.al sc al .n tr,e Counr•r and State rant stores d rhrs _ clay of ~ ~A~V~'' J , ti U p NOiary Pubf+C ZC~r 3U8 PaCf~z~ hty Commission ExprrppT/+R1/ p;dLIC STA1E ~ f?'1tIDA 4* ! sR' MY CO?.JNtS510N EX?IftES frR•:Y 26 1981 p THW CrEN~ ttv~. vrw- •.RI ; ' 46014-0047 Rev. 8/77 i.. I - r °