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HomeMy WebLinkAbout1877 DIRECT HOME IMPROVEMENT M®RTGAGE 44'7815 ~ WITH FUTURE ADVANCE THIS MORTGAGE, made thrs 12th _ day of Jy11e A.D., 19 _ 79 ,between Edward F. Matula and Ruth_A. Matula, his wife _ (Mortgagor) and Sun Bank of St. Lucie County _ IMortgageel: Name of Sun Bank) WITNE$SETH, that Mortgagor, for and +n consrderatron of the premises aril rn order to secure the payment of the prrncrpal and ,merest on the note las hereinafter defined), Mortgagor hereby grants, ass,gns transfers and mortgages to Mortgagee, its wccessors and assigns forever, the following described real property in St. Lucie Coumy, Fbrrda, to wit: Lot 213, Less the East 840 feet thereof, and all of Lot 212, as per Sheen's Map of White City, of Section 9, Township 36 South, Range 40 East, as recorded in Plat Book 1, page 23, of the Public Records of St. Lucie County, Florida. ~ and ~ ~ :~~a~ being a parcel of land lying in the Northwest Quarter of the Northeast Quarter + of Section 9, Township 36 South, Range 40 East, St. Lucie County, Florida, the boundary of which is more particularly described as follows: ~~~~o~ = -From the Northwest corner of bhe NOrtheast Quarter of said Section 9, run South _~~`~'Nac~ 0 22.80 feet to the point of beginning; thence run East 610.60 ft.; thence run South ~ 08 04' East 232.4 feet to a point on the North line of out-lot 213, WHITE CI1R `-7' W SUBDIVISION, as filed in Plat Book 1, page 23, of the Public Records of St. Lucie County, Florida; thence run South 89° 38' West along said North line of Lot 213, a ~ distance of 630.24 feet; thence run North 0° 04' West 236.20 feet; thence run East ~ 19.55 feet to the point of beginning; the West 19.55 feet of the above described to ~ parcel being apart of an 80 foot wide access easement. Containing 3.39 acres. - t :Iq. ~ (-This is a Second Mortgage) . -;...C '~~i~;i; Iherernafter referred to as the Mortgaged Property): and the Mortgagor does hereby fully warrant the rule to the Mortgaged Property ' and will defend the same against the lawful claims of aH persons whomsoever- fi' . a• ~ 1. Edward F. and Ruth A. M~tula PROVIDED ALWAYS, that if ,the Makerls) of that (Insert Namelsl! : certain promissory note dated the date hereof (the Note), their hers, legal representat,ves or assigns shall pay to Mortgagee - the principal sum of S l0a 053.26 as e,rrdenced by the Note, with interest and upon the terms as provided therein, the final • t? V ,v ; maturity date of the Note and of this Mortgage being June 16 , 1g 89 ,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 . i 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 ii default be made in the payment of any installment thereunder and that rf such default K not made good in accordance with the terms of the Note, that the entire principal win and accrued, earrxd interest shall become due and payable t i7 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 ii 17 ' in full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to play the taxes arsd assess- 1 menu on card Rroperty; to carry insurance against fire on the blrrlding on said land for not less than S ,approved by the Mortgagee, wuh standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the building on card land in proper repair. 0 Thrs Mortgage shall secure not only existing indebtedness, but also such future advances, whether such advances are oblgatory or aTi 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 ~ ~ ri wch future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed at any trine the maximum principal amount of $ ~ 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 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 any other notes secured by this Mortgage. This Mortgage is given for the specific purpose of securing any and all indebtedness by the Maker to Mortgagee Ibut rn no event shall the secured indebtedness exceed at any tone the maximum principal amount set forth in Thrs - ~ paragraph) in whatever manner this indebtedness may be evidenced or represented, until this Mortgage rs satisfied of record. All cove- nants and agreements conta+ned rn this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this tJy future advance clause. - •rr u-1 ~ ~ Should any of the above covenants be broken then the Note and all moneys secured hereby shall, wuhout demand, if the Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and all costs and expensez of collection and reasonable attorneys' fees, including costs, expenses and- reasonable attorneys' fees on appeal, d 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 Mortgagor has executed this Mortgage as of the date fast above set forth. ....1 ~ ~ Signed, sealed aril del+vered r rn our presence: _ R x z (SEAL! ~ ( gagor) ! ~ ~ ~ ~ C `7 IMortgagOr u O O N d• ~ N 1~ K ~ ~ Florida is 4 ~ ~ STATE OF 1 i- c o° 7r COUNTY OF St, Lucie ! - ' ^ ~ ` ~3 : w o N I HEREBY CERTIFY, that on this day, befortlyf~at'1~ DJJ~;,?{t~y~auttionzixf rn the State aforesaxl and in the County aforesaid =,.a~ ~ a ~ to take acknowledgments, personally appeared- J'Jatula to me known to be the person described ~ = J ~ = v m and who executed the for m instrument ~ ~ - ' 1 before me that they executed the same. ~ y ego 9 ~Sl;. r...a.,r ~tl(~tltir edged a ~ WITNESS my hand and official seal in th3 p~rQ~*i~ ? ta! iii this ay of -June cr's A.0.,19~--- i. iz u a. ,tom C p~ k - My Cofnmtssrap Exp+s*sr- • ;x. Rt / /O 2i + t i ` - ^ a 6014-0047 Rev. 8/77 _ _ ~~O ` ~ , .t.~ . ~ i; _ t.K.,,.~...n ~I Ir 'A!