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HomeMy WebLinkAbout1860 r. o1RECT HOME IMPROVEMENT MORTGAGE 4~`7`7~s ~I WITH FUTURE ADVANCE THIS MORTGAGE, made this 7th day of Jllrie A.O., 19 79 ,between George Johnson or Idel_ler Crtunartier Johnson, his strife IMortgagorl and SttJl Bank Of St. LuCi@ County (Mortgageel: ~ (Name of Sun Bank) WITNESSETH, that Mortgagor, for and in consideration of the premises and in order to secure the payment of the principal and ' interest on the note las hereinafter delinedl, Mortgagor hereby grants, auigns transfers and mortgages to Mortgagee, its successors and St. Lucie county, Fbrida, to wit: assrgns forever,-the following described real property in r Lot 13, Block 2 of Eldorado Subdivision as per plat thereof on file in Plat Book f - 8, Page 2 of the public records of St. ~l ~ ~ Lucie County, Florida. ~ , ~ _ z _ W o 0 J This is a First Mortgage '~-~~i{ E+1 a ~~~,,,:4>+~ z : ~ ..t° 447'798 1 ~ ~~fJ o R~QyEp : ~ ~ ~ `f IN PA71!'ENT OF TAXES ~ r' l } p DUE aN CL~.SS~ ~ 4t': P '~'~ti~l PROPERTY, Q~z i9T9 J~?'~ 14 ti~ 3' 37 PuftsuaJlT TO K~:?t. T:• T. ,~.iS Qf 117 t'' _ ~"~i> j 9~e1_nfD ~ ~ _ FILED A!iU PtGU{L'Et) ~ SLLUCIE COUuJITY.FLA. CLFWE g2C1{fT COi11tT. Si. 111..iE CE.. ~ c ROGER POITRAS 'a~~ ~ ' 111 ir _ 'a- Ct.ERK CERCUIi OURT _ i'" ~ RECORD t E. n. C (hereinafter referred to as the Mortgaged Property; and the Mortgagor does hereby tully warrant the title to [he Mortgaged Property r and wiil defend the same against the lawful claims of all persons whomsoever. s - George Johnson and Ideller Crumartier Johnson PROVIDED ALWAYS, that if ,the Makerls) of that z Elnsert Namelsll , ~ their certain promissory note dated the date hereof (the Notel, heirs, legal representatives or assigns shall pay to Mortgagee ~ i . 1, 021.69 ~ evidenced by the Note, with interest and upon the terms as provided therein, the final J ~ V the principal sum of S _ maturity date of the Note and of this Mortgage being June 11 , t9 80 ,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 fee, upon default in the payment of the Note, and that if default be made in the payment of any installment thereunder and that ~f wch default is 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 notice at the option of the holder thereof; and shall perform and comply with each and every stipulation, agreement and cov- 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- 1 f meats on said property; to carry inwrance against free on the building on said land for not less than 5 n~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 t building on said land in proper repair. ! ! ~ This Mortgage shall secure not only existing indebtedness, but also wch future advances, whether such advances are obligatory or to be made at the option of Mortgagee, or otherwise, as are made within twenty (201 years from the date hereof, to the same extent as y ~ if wch future advances were made on the date of the execution of this Mortgage,but such secured indebtedness shall not excced at any i U time the maximum principal amount off n~a plus interest, and any disbursements made for the payment _ of taxes, levies, or inwrance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether J v 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 .,a U any other notes secured by this Mortgage. This Mortgage is given for the specific purpose of securing any and all indebtedness by- t ~ a Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time the maximum principal amount set forth in this paragraph) in whatever manner this indebtedness may be evidenced or represented, until this Mortgage 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 i ~ future advance clause- _ G'; i z Gip 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 G reasonable attorneys" fees, including costs, expenses and reasonable attorneys' fees on appeal, ii collected by legal proceedings or ~ through an attorney at law, shall be paid by the Maker, and the same are hereby secured. i i Z G~ - ~ i ~ IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first abo~vye[set forth. ; v~ ~ Sgned, sealed and delnered ,'l~ ~n our pr ce_ lJ ~'sl L ~ ~ eO~C Cam" ~ / Sd hNt d (SEAL) (Mortgagor I g (SEAL)S (Mortgagor) ' i STATE OF Florida 1 1 COUNTY OF St. Lucie i ,r;.yr;,s}•.-:~,:,~ . , 1•i ;~~N.~.~. , I HEREBY CERTIFY, that on this day, before me, an offj~i'411~ iitmtol+ta in tha.State aforesad and in the County aforesaid ~ , to take acknowledgments, personally appeared Geor e J ~ ttYYttC~~vn to be the person described . • ; in and who executed the foregoing instrument and ~krioY~H`t~ bafore.me that they executed the same. WITNESS my hand and official seal in the County and.,~t'st%1~ ~ ~i~~s}L, ~ 7tYt day of June _ A.D., 19 79 L t My ~(.~dMM>rVitlri ~xpK~e - - - : , - a 601a-004.7 Rev 6/77 ^v,4!.~~0 ~ c.i-:• e..~„~~..,K.