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Home My WebLink About0526 oiRECT HOME IMPROVEMENT MORTGAGE 4~5162 ~ ~~~iTH FUTURE ADVANCE ' THIS MORTGAGE, made th~s 18~ dav ol ~y A.O-, 19 79 , between George L. Burton and Cora F. Burton, his wife ~a,o~~9~~~ a~a S~m RAnk nf St i•~riE+ ~m1-~? _ lMor~gageel: (Nameol Sun Bank1 WiTNESSETH, that Mortgagor, fo~ and ~n cons~derat~on ot the prem~ses and ~n order to secwe the Wyment oi 1he pr~nc~pal and ~nterest on the note (as heremalter del~nedl, Alortqagor nereby giants, ass~gns transters and moreqages to Mo~tgagee, nssuccessorsand ass~gns ioiever, the lollow~ng descr~bed real property ~n St Id~~'lE' - Coumy, Fbr~da, to w~t: All of Lot 10 and the Southwesterly 10.52 feet of Lot 9 all in Block 34, of RIVER PARK i~1IT 4, according to the Plat , thereof as recorded in Plat Book 11 at page 9 of the Public Records of St. Lucie Coumty, Florida. ~ SUBJECT 'P0: Restrictions, Reservations, Easements and Covenants of Record. Roceived ~ r~_'._ in ~Nn~nt 01TY~~ \ ~JIJ ~'ti( ZZ 3ii9 JO `?uF 7n CIA~i '.C.. (flbfl~l~'MNfy~~i ~ • 'e ~haot~r 71.1i~?AMIfOf 1~71. c.. ~ ANO µzCOkUEO ~110GER 0 TRASA. ^ R„GEII ~IOq~ ~jl y t~roc cr~cu~r couA ~ st ~ C~. ~ ~ RftdtO VER1FtE 445162 '!Qu'~' (here+nafter referred to as the Mortgaged P~opertyl; and the Mortgagor does hereby fuily warrant the trtle to the Morigaged Property _ --i~ ar?d w~~l defend the same against the lawful cla~ms of all persons whomsoever. George L. and Cora F. Burton , the Makerls) ot that I ~3~~ PROVIDED ALWAYS, that if ~,n_~ (Insert Namelsl) ~ ` . ;.~~li ~ certain promiuory note dated the date hereot (the Notel, their ~,rs, legal representauves or ass~gnz shali pay [o Mortgagee , i ~ the pnnc~pa~ sum of S 1~.053. 26 as ev,denced by the Note, wrth mterest and upon the terms as p?ov~ded therem, the final T' , maturity date of the Note and ot this Mortgage be~ng ~y , 19 89 , wh~ch Note prov~des that ' ' all mstallments of prmcipal and ioterest are payable at the oifice oi Mortgagee, or at wch other ptace as the holder may devgnate in Ti' m~ting, and that each maker and endorser agree to pay all costs of collection, includ~ng a ~easonable attorney's tee, upon detault ~n the ~ . c payment ot the Note, and that if default be made in the payment of any installment thereunder and that ~t wch detault n not made t good in accordance with the terms of the Note, that the entire principal wm and accrued, earned interest shall become due and payable ~ without rat~ce at the option of the holder thereo(; and shall per(orm and comply with each and every st~pulatio~, agreement and cov- ; Z ~ enant of the Note and of this Mortgage, then th~s Mortgage and the estate hereby crealed shatl be vou1, otherwise the same shall remam = ~n full force. Maker cove~ants to pay the interest and pr~ncipal promptly when due. Mortgagor covenants to pay the taxes arxl assess- - ments on sa~d property; to carry insurance against fire on the building on sa~d land tor not less than S Y1~~ , approved ` • by the Mortgagee, w~th standard mortgage bss clause payabie to Mortgagee, the pol~cy to be held by the Mortgagee and to keep the ~ bu~ld~ng on sa~d land m proP~ repau. Th~s Mortgage shatl secure not only ex~st~ng indebtedness, but alyo wch future advances, whether wch advances are oblgato?y or I~ to be made at the opuon of Mortgagee, or otherw~se, 3s are made w~thm twenty (20) years irom the dale hereof, to the same extent as i ~f wch tuture advances we~e made on the date of the execut~on of th~s Mortgage, but such secured indebtedness shalt not exceed at any ~ ume the max~mum pnnc~pal arrount of S - ~a plus ~nterest, and any d~sbursements made for the payment I _ ~ i of taxes, lev~es, or insurance, on the (Nortgaged Property, wrth interest on wch d~sbursemems. Any wch tuture advar?ces, whether f ~ oblgatory or to be made at the option o1 the Mortgagee, or otherw~se, may be made e~ther pr~or to or aite? the due date of ~he Note or I any other notes secured by thK Mortgage. Th~s Mortgage n g~ven for the spec~i~c purpose of secur~ng a~y and all ~ndebtedness by the ~ Maker to Mortgagee (bui ~n no event shall ihe secured indebtedness exceed at any time the max~mum pnnc~pal amount set forth in th~s ~ _ paragraph~ ~n whatever manner this mdebtedness may be evrdenced or represented, unul this Mortgage rs sahshed of retord. All cove- nants and agreeme~ts co~ta~ned ~n th~s Mortgage shail be appl~cabte to alt turther advances made by Mortga9ee to Maker under th~z tutu~e advance clause. ~ f ~ _ ~ Should any oi the above covena~is be broken then the Note and all moneys secured hereby shall, w~thout demand, d the ~ i~; Mortgagee, so elect, at once became due anJ payable and tha mortgage may be toreclosed, and all cozts a~d expenses of collect~on and A'/ K i reasonable attorieys' ~ees, ~r.cludmg costs, expenses and reasonable attorneys' fees o~ app~l, ~f collected by legal proceed~ngs or = ' through an attorney at law, shali be pard by the Maker, and the same are hereby secured. J' M ~ J ~ IN WITN WHEREOF, the Mortgagor haz executed this Mortgage as of the date first above set fo~th. ~ ~ J:; / ~ Sgnec~: sea Irv r m o~fr r e: ISEAL) ~ ~ _ f~ort r) ~ _ / ' ISEALI ~ ( Mor tgago~ 1 t ~ = s ATE OF Florida ? F ~ z COUNTY OF St LUCl@ 1 ~ t HEREBY CERTIFY, that on th~s dav, before me, an off~cer duly authoraed ~n the State aforesa~d and ~n the Counry aforesa~d ~ ' 'i~i r. to take acknowledgme~ts, personally appPared ~~~~C~~ F RLrt~n ro me known to be the persondesu~bed ~ ~n and who executed the ipregomg mstrument and u~r ~ xkno I ged beiore m that they executed the same. ~ WITNE S my hand and off~ual seal ~n the CQu~4ty and StaLe I~st af " day oi , A.D., 19 ~ - r - ~ ~ - " . ~ ~P(pta I ublic I ~ , [1Ay 'mmiss~on Exp~res: ~~IC SiA1E ~ fWRIW1 AT (A~i o R 5~ . . . ~ ~ ~ r ~ noox~ ~?cf - ~ ~ - ~ ~ n.~, c~ ~,s. 4-6014-0047 Rev. 8/77 ~K~~ _ ~ y~ .''=~a~'g . ' " - . . . ' ~i~ S. ~y ~3... ` ~P ~ ~~'3' ~4h~L II~ I~ f~ ~ .i . ~fr.:4.~::'.: ~