HomeMy WebLinkAbout0047 uiRECT HOME IMPROVEMENT MORTGAGE ~
,':iTH FUTURE ADVANCE 4~4i334 ~
THIS MONTGAGE. made tn~s _ 1 Sth dav of - ~y A.O., 19 79 . between'
~ Jim ~a~, Jr. and Virginia Cain, his wife ~nno~,ya9o~~ ~~a
Sun Bank of St. Lucie County _ iMo«y~~?:
iNameof Sun Bank~
WITNESSETH, tha~ Mor~gagor, ior and ~n considerauon ot [he prem~ses arxl ~n order to secure the payment ol the pr~nc~pal and
~nterest on the note (as here~na~te~ de~~nedl. Mortgagor hereby grants, ass~~ns transters and mortgages to Moitga9ee. ~ts successors and
assigns torever, the lollow~~g descr~bed real p~operty ~n $t. Lucie _ _ c«,~~v, Ftor~cia, to wit:
Lot 10, Block 1 of SHAFERS SUBDIVISION according to the plat thereof
recorded in Plat ~cj1c 7, Page 26, of
the Public Records of St. Lucie
County, Florida.
~ ~ ~
~T9 NAY 18 IIli it~ 16 .
~ flLED Ah0 REGQNQEO
ST.IUCIE C~U1i T.rIA. qecelved A~~3 In Paymsnt Of Taxq
CLERK
CIRCUIT CO s~ Oue On Cless "C" Intengible Pe?sonel P~opertY.
RECORD YERIFi.tl~._~~~--- Pu•e~~ant To Chapter 71. 134. ACtt Of 1971.
RocER Parnns ~ sl~
444834 ~,.~~n s~: c~.. A..
~ ~
~ (This is a Second Mprtgage)
~
o ~
. l.r r ~
~ ~y (here~naiter reterred to as the Mortgaged Propertyl: and the Mortgagor does hereby tully warraM the trtle to the Mortgaged Property
and wnl detend the same aga~nst the lawful cia~ms ot a1t persons whomsoeve~.
1
PROVIDED ALWAVS, that ~r Jim Cain, Jr. and Virginia CS~iI the Makerlsi of that
`f'i.". jlnsert Namelsll
: ;.'J~/ ~ certam prom~ssory ~ote dated the date hereof (the Notel, their he,rs, legat represemat~ves or ass~gns shall pay to Mortgagee
, ' ~ the pr~nupai sum ot S 3 a 813. 47 as ev,denced by~the iGote, wrth ~nterest anci upon the terms as prov~ded there~n, the iu:?I
~ i ~ maturrty date of the Note and of thrs Mo~tyaye be~ng y , ty 82 . wh~ch Note prowdes that
n~ all ~nstailments ot pnnc~pal and interest are payable at the off~ce of Mortgagee, or at wch other ptace as the hoide~ may des~gnate m
~ wr~Unq, and that eash maker and endorser agree to pay ali costs of coilecuon, mciudmg a reasonable attoroey's fee, upon default m the
payment ot the Note, and that ~f de(ault be made in the payment o( any ~nstaliment thereunder a~d that ~f wch detautt ~s not made
good m accordance awth the terms of the Note, that the enhre pr~nc~pal sum and accrued, rarned mterest shall become due and payabte
wrthout not~ce at the opt~on ot the holder thereof; and zhalt pertorm and compfy wrth each and every stipulat~on, agreement and cov-
enant of the Note ancl oi th~s Mortgage, then th~s Mortgage and the estate hereby created shall be vo~d, otherw~se tne same shall ~ema~n
~n futl force. Maker covenanss to pay the mterest and pr~nc~pal promptly when due_ Mortgagor covenanis to pay the taxes and assess-
ments on sa~d property; to carry ~nsurance aya~nst (ue on the bu~hJ~ng on said lancl for not less than 5 ~ , approved
by ~he Mortgagee, w~th stanciard matgage toss clause paya6te to Mortgagee, rhe pohcy to be heki by the Mortgagee and to keep the
'i bu~ldmg on za~d land m proper repa~r.
I
I Th~s Mortgage shall secure ~ot only ex~st~ng ,ndebtedness, but also wch fu[ure aciva~ces, whether such acivances are obl~gatory or
i N to be made at the opt~on of Mortgagee, or othenv~se, as are made wrth~n twenty (201 vears from the da,e hereo~, to the same extent as
~ ~ such (utwe advances were made on the date af the execuUOn oi this Mortgage, but such securecl mdebterlness shaii not exceed at any
-~~j' t~me the max~mum pnnc~pal arnount nf S. ~ plus mterest, and any disbursements matie for the payment
i _ ~ of taxes, lev~es, or ~nsurence, on the Mortgaged Property, w~th ~nteres: on wch d~sbursements. Any such future advances, whethe~
~ obl~gatory or to be made at ihe opt~on of the Mortgagee, or otherw~se, may be macle e~ther prwr to or after the due date oi the Note or
F - U any other notes sewred bY th~s Mortgage. Th~s Mortgaye ~s g~vrn for thr spec~(~c purpt~se of secur~ng any and all ~rxfebtednesz by the
~ = Maker to RAortgagee (but ~n no event shall the secured ~ndebtec/ness exceect at any i~me the max:mum pnnupal amount set forth ~n th~s
a;
paraa~aDh) ~n whateve~ manner th~s ~nciebteclness may bc~ ev~denced or rep:esented, unt~l th~s Mortyage ~s sa~~sf~ed o( record. AI! cove-
I y,~ nanrq a~ ayreementS conta~ned ~n th~z Mortgaqe shall be app~~cai~le to ait further acivances macie by Mortgage~r to Makc>r under th~s
~ = ~ ~ ~ tJ1U~P advance c~ause.
: i.J
41 .
~ ~ ~ 0 $houid any of the ~~t~ove covenants t~e broken then the Note arxl ail moneys securaf he~eby shall, w~thout demand, rf the
_ C!)
Alortga9F:e, so e~?ct, at on~e become due arxf payabie and this mortgage may be foiecloxKl, and atl costs and expenses ot collechon a~xf
_ ~e?son:3ble atto~neys' i~s, ~nctuding costs, expenses and ~?a5onabie attorneys" fees on appeal, if collected by ~e9~1 ~,oce~i~~as o~
~ it~~ough an a;to+ney a: law, ihall be pa~cf by the Maker, anci the s3me are hereby secu~eci.
.
! IN WITNESS WHEREOF, the Mor[gagor has execu~cd t~~s hlortgaye as of ;he da[e (~~zt above seT forth_
- ~7 c/~ ~
~ ~ S:yn~[1, se Ff 3nd c1e~~vf~retl
~ ~n our ese ~ce
~
~ -_~L-~-1~-- I./ ~ r--I~~----- ISEAU
(Mlortyayor)
~ n, _ / i
-T w~ GW ~iLl : ~<t.lt/ ISEAII
- ~ Ihloriy~;~or1
v
' Florida
STATE OF ~
!
F COUNTY OF $L. Lucie ~
~ .
s 1 HEREBY CERTIFY, tha! o~ th~s Aay, befo~~ me, an o~hCet d0(y~8u~tf0l~IQd M tn8 StOte dtJre5dK) and ~n the Co~mr~ aforesa~d
:
~ fo ;ake ackno.vi?dgments, pe•sonally :,PP°a~ed _Jim Caia,~::Jr. ~~V~1~~iY1~$ C~~ knOwn ro be ihe ~ersnn desrr~bed
t ~ `~~,1.j :.-:i
~ ~n ~nc~ who ex?cutecl ~he foreyo~nq ~n>trume~t and t~~.T_~kn~ep¢d be~ore me tnat they _ executed tne same.
P • j~
~ WITN~$~ my hand and off ~c~al sea~ the County ~nd Stete,la7~ {?KS' th _ day ot _ y .
AD . 1g ~ _ ~1 v•
~ ~
~ ? ~ - -
NoisiyPubt~ '
My Comr4li
~~'~~~e7;• 1~ f'•-r r.r t~_^Q'DA AT .
o R oacE 4? . . , . : : ~ ~ : t
` 309 ~ ~ ~ - ~
~ 4 6014-0047 Rev. 8I77 aOI:K s~e • .i ~1.,..: C,, 1 ~ :.s...:i~~'." ' ; ~ . .
$r°.~.`~'x' x~~..-:~~~ ,,.c ~~~~~~~~:N -
4~ R~
S. ~ ~17
_ ~~d
Y .i