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DIRECT HOME IMPROVEMENT MOaTGAGE
WITH FUTURE ADVANCE 4~~~i'~~2biS
THIS MORTGAGE, made this 15th day of June A.D., tg 79 ,between
Bernard W. McBee aad Margaret H. McBee, his wife IMortgagor) and
Sun Bank of St. Lucie County
IMortgageel:
(Name of Sun Bank)
WITNESSETH, that Mortgagor, for and in cons~derat+on of the premises and in order to secure the payment of the prinupal and
interest on the note las herernalter defined), Mortgagor hereby grants, auigns uansfers and mortgages to Mortgagee, rtssuccessorsand
assigns forever, the following described real property rn $t. Lucie County, Fbrda, to wit:
Lot 2, Block 3, SOUTHERN VIEW SUBDIVISION, according to the Plat
thereof as recorded in Plat Book 9, Page 45 of the Public Records
t
of St. Lucie County, Florida.
a ~ RECEIYEO = ~ . ~ ~ ~ IN PAYNENt OF iA7I:S
~ ~ l!_c!: %~~:u : i..:r~;t: U DUE ON CIASS 'C' UiTAN6l8tE PERSOK~I PRO.'faTYr
ChCtE t:c;itiTY.FtA. - PURSUAi1T Tf, CHAPTER 71-t~{, ACTS OF till.
F~l?G;.ft PO)T ;:.S R06ER PCIiRAS
CLin^i! CIF'rtlj CL':Ir;l' r`~
. _ ~ ciElitc nRClm coupT, si wcle a. r:u.
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(This is a Second Mortgage) 4~~5
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Ihereirwfter referred to as the Mortgaged Property); and the Mortgagor does hereby sully warrant the title to the Mortgaged Property
and wirl defend the same against the lawful claims of all persons whomsoever.
- ~.7 irr.
r PROVIDED ALWAYS, that if Rernard W_ A Margaret H_ MrRee ,the Makerls) of that
[Insert Namelsll
= ~ their
4• r certain promissory note dated the date hereof (the Motel, heirs, legal representatives or assigns slwll pay to Mortgagee
--1.'_.,1 z' the principal win of s 3x028.71 as evidenced by tfie Note, with interest and upon the terms as.provided therein, the final
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, ~ , ` I i! 1 maturity date of the Note and of this Mortgage being June 16 , 19 82 ,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
ag pay all costs of collection, including a reasonable attorney's fee, upon default in the
c writing, and that each maker and endorser ree to
_ payment of the Note, and that if default be made in the payment of any installment thereunder and that if such default K not made
- good in accordance with the terms of the Note, that the entire princ~al win and atx:rued, earrsed interest shall become due and payable
C n 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~rerrsain
in /ull force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes aril assess-
n: Y"~E merits on said property; to carry insurance against fire on the building on said lard for not less than S ~ ,approved
by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be heM by the Mortgagee and to keep the
burbling on said land in proper repai?. -
T 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 1201 Years from the date hereof, to the same extent as
~ rf wch future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed at any
I ~ U time the maximum principal amount of S NA plus irate:est, and any disbursements made for the payment
of taxes, levies, or insurance, on the Mort Pro
gaged perry, with interest on wch disbursements. Any wch future advances, whether
..~i obligatory or to be made at the opton 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
i .a Maker to Mortgagee (but m no event shall the secured irdebtedneu 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-
r, ~ a~ Hants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this
~ future advance clause-
s
W
z ~ Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, if the
~ ~ , ,y Mortgagee, so elect, at once become due aril payable and this mortgage may be foreclosed, and all costs and expenses of collection and
a ~ ~ ~ reasonable attorneys tees, including costs, expenses and reasonable attorneys' fees on appeal, if collected by legal proceedings or
~ ~q! through an attorney at law, shall be paid by the Maker, and the same are hereby secured-
? ~ ~f IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth.
$ _ ~
Signed, seal and delivered
r° m our pr race:
T
\ 12.~~ (SEAL)
~ ISEAL)
3 (Mortgagor
.r
_ STATE OF Florida ~
COUNTY OF St. Lucie ~
b~ .
1 HEREBY CERTIFY, that on this day, before me. an officer duly authorized rn the State aforesad and ~ t/.afofiespjd
Bernard W. tk Margaret H. Mc~ee ~
to take acknowledgments, personally appeared o me knowq ~r ~ - ~ISph d~;
~ rn and who executed the foregoing instrument and they acknowledged before me that
WITNESS my hand and official seal rn the County aril State last aforesaid this 15th day oft ' - V
.p • 1~:may
~
Notary Pubhc t'~OTAtY K
C A My Commrssron Expires- lalf SyATE t~f sL4tl~`~A~
r ~n(1K 310 PahF ~~6z 10NOEp 1HRU C#MEMI ~M 1981 '
a-6Qt~-000.7 Rev. 8/77 W~{~ ,,,r