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Home My WebLink About1866 DIRECT HOME IMPROVEMENT MORTGAGE 44'78U4 WITH FUTURE ADVANCE THIS MORTGAGE, made this 8th day of June A D., t9 ,between Gilbert Owens ~~d_~>t~ri 1? a Owens_,_- hi a wife _ (Mortgagor) and $nn Rank of $t Lucie CO. (Mortgagee): (Nameol Sun Bankl WITNESSETH, that Mortgagor, for and m cons+derat+on of the prem+ses and rn order to secwe the payment of the pnnc+pal arxf interest on tl<te note las hereinafter deftnedl, Mortgagor hereby grams, assigns transfers and mortgages to Mortgagee, rts successors and assigns lorever, the following described real property +n aSj'. T•u~=fe _ County. Florde, to wn: ~ t Lot 82 of SHERATON PLAZA, UNiT TWO REPEAT, a according to the Plat thereof as recorded in Plat Book 16, at page 2 of the Public i t Ripcords of ST. Lucie County, Florida, -;t~~.~ 'f1 ~ ~+I ~ ~~r ' i` Y , ~y i Q+~ r. ! W . r -rr 44'7804 Y 1 to ~ ~~9 Jt1~ ~ ~ Nl'1 ~ ~ O S/ ~ j ; ~ I i i l RECEIVED = IM PAYMENT OF TAKES ~ DUE 011 CLASS `C' If1TAfi6 i3EE P~RSOYAI PROPEiITY, ••~~:K FILED ANC RECUtZDtU PURSUANT-TO [fUPT_ 71- 4, ACiS Of 1171. :,';;?i;';i SLLiiCIEC01!lcTY:FIA. ROGER POITRAS Ro6tR PtaliitAi ,.~j~ ~ G I CLERK CIRCUIT COURT a~ 1~i COiMT, tt. tl~ a. H4 17d~ RECORD F' = _ - l i. •hi2 Ihere+nafter referred to as the Mortgaged Property): and the Mortgagor does hereby fully warrant the t+Ue to the Mortgaged Property . and w+rl defend the same aga+nst the lawful claims of all persons whomsoever. PROVIDED ALWAYS, that if Gilbert or Lucile a OWenS ,the Make+lsl of that (insert Namelsll certain promissory note dated the date hereof {the Notelthelr hens, legal representatives or assigns shall pay to Mortgagee ~ the pr+nc+pal sum of $ 4 , 255 • 90 as ev,denced by the Note, w+ih +merest and upon the terms as prov+de9 there+r., the final 1~j matur+ty date of the Note and of thts Mortgage be+ng June 11 , lg 84 , wh+ch Note prov+des ttrat ~l all +nstatlments of pr+napal and interest are payable at the off+ce of Mortgagee, or at suM other place as the holder may des+gnate +n wr+t+ng, and that each maker and endorser agree to pay all costs of collection, +nclud+ng a reasonable a[torney's fee, upon default +n the payment of the Note, and that if default be matte +n the payment of any +nstallment thereuMer and that ii such default rs not made good m accordance with the terms of the Note, that the entire principal win and accrued, earned interest sttaN become due and payable w+thout notice at the option of the holder thereof; and shall perform and comply w+th each and every strpulatgn, agreement and cov- enant of the Note and of this Mortgage, then th+s Mortgage and the estate hereby created shall be vo+d, otherwise the same shall remain +n tuft force. Maker covenants to pay the interest and principal pr4ntptly when due. Mortgagor covenants to pay the taxes and assess- ments on said property: to carry +nsurance against fire on the bu+kling on said land for not less than $ of a ,approved - by the Mortgagee, w+th standard mortgage loss clause payable to Mortgagee, the pol+cy to be held by the Mortgagee and to keep the i bu+ld+ng on said land +n proper repa+r. i r Th+s Mortgage shall secure not only ex+st+ng indebtedness, but also srch future advances, whether wch advances are obl+gatory or f to tae made at the Option of Mortgagee, or otherwise, as are made w+th+n twenty 1201 Years from the date hereof, to the same extent as +f wch future advances were made on the date of the execution of this Mortgage, but such secured +ndebtedness shall not exceed at any t+me the max+mum principal amount of $ n/a plus +merest, and any dtsbursements made for the payment J_ of taxes, levies, or inwrance, on the Mortgaged Property, wrth interest on wch disbursements. Any wch future advances, whether oblgatory or to be made at the option of the Mortgagee, or otherwise, may be made ether prior to or after the due date of the Note or any other notes secured by this Mortgage. This Mortgage is g+ven for the spec+fic purpose of securing any and all +ndebtedness by the Maker to Mortgagee (but m rio event shall the secured indebtedness exceed at any time the max+mum pnnc+pal amount set forth in this paragraph) in whatever manner this +rtdebtedness may be evidenced or represented, umil this Mortgage is satisfied of record. Ail cove- ~ Hants and agreements conta+ned +n th+s Mortgage shall be appl+cable to aII further advances made by Mortgagee to Maker under th+s ~1t future advance cause. ` ~ Should ary of the above covenants fte broken then the Note and alt moneys secured hereby shalt, wuhout demand, if the Mortgagee. so elect, at once become due and payable and th+s mortgage maY be foreclosed, and all costs and expenses of coliect+on and reasonable attorneys' fees, mdudmg costs, expenses and reasonable attorneys fees on appeal, A collected by legal proceedings or through an attorney at taw, shall be paid by the Maker, and the same are hereby secured. IN WITNESS WHEREOF- the Morgagor has executed th+s Mortgage as of the date t+rst above set forth. 1 Sgned, sealed and delivered + o press ce: 11 t ~§j,~~JS~~ ~ l/ ° ISEAI) / (Mortgagor) - ~f _ _ .'Lt ti r ~Y1i'.~_ ISEALI 1 Mor tgago+ 1 a Lucille Owens STATE OF 1 1 COUNTY OF 1 s 1 HEREBY CERTIFY, that on th+s daY. before me, an office. duly autttor+zlnd in the State aforesaid and in the County atoresad to take acknowledgments, per sondily appPartd Gilbert Or erg me kno+vn to be the pe+son described +n artd who executed the forego+ng +nstrument ar+d the ' • ~ ~t»rrltidD~ before me that they executed the same. ' , June WfTt~SS my hand and otfrc+al seal +n the County and St 38?e ' day o , A D., t5 ' y + s v ~ ~ A ~ O f ~.~,f,~tl/~+ Tf OF Flf~ I DA AT (ARC d ~s'~a+~1t~i ~~1~ Eto1R:S iA'R. 16 1991 a 60t4.000.7Rev.8/77 'M ~ ~Z EOFr~b'~E'1;R~11~ UvDRvdR1^t$