HomeMy WebLinkAbout1867 DIRECT HOME IMPROVEMENT MORTGAGE 4~~8os ~I
WITH FUTURE ADVANCE
THIS MORTGAGE, made this 8th day ~f June A.O., 19 ,between'
Donald N. Bowman ar~d Arlene M. BQWIDs~n,~_~; f~ - (Mongaga) ane
_ Sun Bank of St. Lucie County IMortga~,:
(Name of Sun Bank)
WITNESSETH, that Mortgagor, for and in consideratwn of the premises and in order to secure the payment of the principal and
interest on the note Iss Hereinafter delinedl, Mortgagor hereby grants, suigns transfers and mort3ages to Mortgagee, its successors and
assigns forever, the following described neat property in St • LUCle County, Fbrda, to wit:
- ~ ~ Lots 21 and 22 of Block 5, Silver Lake Park Subdivision, according
to the Plat thereof as recorded in Plat Book 10, Page 4, of the
t~ Public Records of St. Lucie County, Florida.
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:;i; t~OGER POITRAS ,
CLERK CIRC.l:T COUR? WIASU/t117 T~ n:.QT~a 7t.T PROPECTT,
AL7S OF to77ff,,
RrCC~iD ~+~t;~s ;.v._ aass;tt P0ITRAT
CLERK gaCihT C01JRTr n L8~ q. iiA. mod,
Itierematter referred to as the Mortgaged Property l; and the Mortgagor does hereby fully warrant the title to the Mortgaged Property
and will defend the same against the lawful claims of alt persons whomsoever.
PROVIDED ALWAYS, that if Donald N Bowman and Art ene M_ . Bakerls) of that
~ ( )insert Namelsli
certain promissory note d/a~ted the date hereof (the Notel, their heirs, legal representat,ves or assigns shall pay to Mortgagee
the pnnupal sum of 5 ~.s[., ~42 . 13 as evufenced by the Note, with interest and upon theQterms as provided therein, the final
maturity date of the Note anct of this Mortgage being -June 11 , 19' 9 ,which Note provides 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 ail costs of collection, including a reasonable attorney's tee, upon default in the
payment of the Note, and that if default be made in the payment of any installment thereunder and that if wch default is'not made
good in accordance wrth the terms pi 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 wrth each and every st,puiation, agreement arcs cov-
enant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be void, otherwise the same shall remain
j m lull force. Maker covenants to pay the rnterest and pnncipa! promptly when due. Mortgagor covenants to pay the taxes arc} assess-
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menu on said property: to carry insurance against Ine on the huiklrng on said land for not less than S ,approved
by the Mortgagee, with standard matyage toss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the
bu,lding on said land m proper repair.
This Mortgage shall secure not only exisnng indebtedness,-but also wch future advances, whether such advances are pbtgatory or
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to be made at the option of Mortgagee, or otherwise, as are made within twenty 1201 years from the date hereof, to the same extent as
it wch future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed at any
time the max,mum pnncipai arr.ount of S ---~~a plus interest, and any disbursements made. for the payment
of taxes, levies, or insurance, on the Mortgaged Property, with rnterest on wch disbursements. Any wch future advances, whether
ohl:gatory 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
any other notes secured by this Mortgage. This Mortgage is given for the specific: purpose of secunng any and all indebtedness by the
t ; Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time the maximum pnncipal amount set forth ir. this
_ paragraph! m whatever manner this indebtedness may be evedenced ur represented, until this Mortgage is satisfied of record. A? cove-
nants and agreements contained ir. this Mortgage shalt be applicable to alt further advances made• by Mortgagee to Maker under this
1.i tur~re advance clause.
$hOUld any Of ?h. at)OVe COVBnan15 he hrOken then the tl;nte and all mOriey5 SeCUrf'd hereby shrill, WithOtli demand, if the
~ ~ Mortgagee, so elect, at once become due arxf payable arxf this mortgage may be foreclosed, and all costs and expenses of collection and
~ reasonable attorneys' fees, ,nclud,ng costs, expenses and reasonable zttorneys' tees on appeal, :f coNectr_d by legal proceedings or
~ ~ through an attorney at taw, shall big paid by the Maker, arx! the same are hereby securrd.
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IN Y~ITNESS WHEREOF, thn Mortgagor has ex•cutert this Mortgage as of the date fast above• set forth.
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_ Swnert, sealed and de~,vered Donald N. Bowman
,n ou presence ~ ~ )
~ 1~ )Mortgagor lI
.~~~L,~ L _J ~ f ~ iSEAI.i
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(NSortgagorl
r Arlene M. Bowman
STaTE OF Florida I
couNrv of St. Lucie ~ t
1 HEREBY CERTIFY, that on th,s dav, hefcre me, an officer duly authorized in the State atoresaxf and m the County aforesad
?c take acknovri~dyments, personally appeared Donald N _ to me know{n-}t~opb~e]the person described
Ifef me that executed the same.
'r~ ,n and Who 2xoCU1eO the fOregOing ,nStrUm eriT and t ~ `'!a ~4` ~
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•.},.P,.;,;~.,.~ 8t~i° June
WITNESS my hand and off,c,al seal ,n the County it ~ j f~i~y~, , day of
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Gl ~ ~r 1~~. a r~ • r • call) iTAIIE OL: R~~ ~ ~i~
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~ t.UMMISSWN S M~?
`k 4 5014000.7 Rev. 8/77 r'`r~rti~ $R= : -