HomeMy WebLinkAbout1861 DIRECT HOME IMPROVEMENT MORTGAGE
WITH FUTURE ADVANCE 4Aw,...pQ
THIS MORTGAGE, made this 12th dory of `June `t ((_~~~7~7 A.D., 19 ,between
James Thomae, Jr. , and Cecelia Thomas, his wife IMortgagorl and
Sun Bank of St. Lucie County (Mortgageel:
(Name of Sun Bank(
WITNESSETH, that Mongagor, fa and in consderauon of the premises and m order to secure the payment of the principal and
rnterest on the note Jas hereinafter delinedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and
K - ssll~Ii3 lorever, the lollowrng described real property rn St. Lucie County, Fbrda, to wrC
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Lots 7 and 8, Block 31, SUNLAND GARDENS. as per plat thereof on file •
in P~~ Book 8, Page 32, of the Public Records of St. Lucie County, Florida.
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1919 Jl~1 1 ~ ~ ~ ~
j R GER PvtTFviST
.r I CLERK ClRCtIlT
. 0 RECORD ~'ERti1t~C__ .
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i RfCEIYfD = O'r
f'r,'~•:~f;~ tN PAitK:NT OF TAXES
(This is a Second Mortgage) DtTE ON CLASS 'C' IVT;~.r. 3L- P:~._~~{,tl PROPERTY
PUASUMT TO t NA?T. 71- 4, ACiS OF 1st
-i ~ CLFl;K C13iCWT COt1RT• ST, lD;,IE qi,. R~
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(hereinafter referred to as the Mortgaged Property); and the Mortgagor does hereby fully warrant the title to the Mortgaged Property
I ~ l ~ ~ and wid defend the same against the lawful claims of all persons whomsoever. ;
PROVIDED ALWAYS, that if James Thomas, Jr. , and Cecelia Thomas ,the Makerlsl of that
(Insert Namelsl)
certain promissory mote dated the date hereof (the Notel, their heirs, legal representatives or assigns shall pay to Mortgagee
3,033.00 as evidenced by the Note, with rnterest and upon the terms as provided therein, the final
the principal sum of s
~ rrWtunty date of the Note and of this Mortgage being June 16th 19 83 ,which Note provdes that
Vy all installments of principal and interest are payable at the office of Mortgagee, or at wch other place as the holder may designate in i
a• 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 mstalknent thereunder and that ii wch default K 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-
enant of the Note and Of this Mortgage, then this Mortgage and the estate hereby created shall be vod, otherwise the same shall remain
in full force. Maker covenants to pay the interest aM principal promptly when due. Mortgagor covenants to pay the taxes and assess-
ments on said property: to carry inwrance against fue on the building on said land for not less than s ~ ,approved
' by tare Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the ~
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~ building on said land in proper repair. r
This Mortgage shall secure not only existing indebtedness, but also such future advances, whether wch advances are obligatory or `
E ~ to be made at the option of Mortgagee, or otherwise, as are made within twenty (201 years from the date hereol, to the same extent as
~ ri wch future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed a! any {
' O~ tune the maximum principal amount of S ~ plus rnterest, and any disbursements made for the payment
U' of taxes, levies, or inwrarxe, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether i
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€ vi 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 i
v any other notes secured by this Mortgage. This Mortgage K given for the specific purpose of securing any and all indebtedness by the
Maker to Mortgagee (but in rw event shall the secured indebtedness exceed at any time the maximum principal amount set forth in this ~
`'T~ paragraph) in whatever manner this indebtedness may be evidenced or represented, until this Mortgage is sausiied of record. All cove- }
- pants and agreements contained in this Mortgage shalt be applicable to all further advances made by Mortgagee to Maker under this
tj ~ future advance clause.
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z O~ - Should any of the above covenants be broken then the Note and all moneys secured hereby shail, without demand, rf 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, rf collected by legal proceedings or
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i ~ ~i through an attorney at law, shall be paid by the Maker, and the same are hereby secured.
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- y IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date fast above set forth.
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~ Sgned, sealed a delivered 9
a m our presen i
(SEAL)
(Mort r f
~ / ~ / l^ ISEAII s
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(Mortgagor 1
- -
STATE OF Florida 1 ~ ~
" St. Lucie ) ~ _
COUNTY OF 1 •;i';`,;-te, t;~>;:,~~:
1 HEREBY CERTIFY, that on this day, before me, an officer ~du1y rA•I S f r ~ 8 and in the County aforesaid
~ James Tl1»aIIr>, ~r/s~y4
to take acknowledgments, personally apprared ~ -to. mown to be the person described
the - ~ a . ~ they
in and who executed the foregoing instrument and y batQre the that executed the same.
" : ~ ` - - June
WITNESS my hand and offrual seal in the County and State • ~ ~ Qf
A.O., t9 . 7 - _ _
. t
~ Notary . ~ -
MY CO ~ ~ ~ln: iiA - Q
d so,a_ooo.~ Rer. sin r 310 . 1859 _ ;h: ~ ,
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