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DIRECT HOME IMPROVEMENT MORTGAGE ~4~9 ~ ~
tYITH FUTURE ADVANCE
s
THIS MORTGAGE, made this 14th ~y of .It,Ule A.D., t9 , between
Sharon L Monteith iPfl p,.r (Mortgagor) and
Sun Bank of St Lucie County (Mortgageel:
(Nameol Sun Bank)
WITNESSETH, chat Mortgagor, for asst in cons~deratron of the premises and rn order to secure the payment of the prmc~pal and
interest on the note las hereinafter definedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and
assigns lorever, the tollow~ng described real property .n .St LuCle CoLmtY County, Fbrda, to wit:
Lots 30, 31, 32 and 33, Block 24, INDIAN RIVER ESTATES,
iAVIT FIVE, according to the Plat thereof recorded in Plat Book 10 at i
Page 58 of the Public Records of St. Lucie County, Florida
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• tlf~ QNi~fi CGsfii IItCE1Vi0 tN PAYIfEMT OF TAX.S
RfCG~ ~'EitIF#.S ~ ON OlAli '`.r t~iTdug fdlE PERSONAL PROPERjr~ }
'YMIIANT TO 6FIAATE3 7t-:~t, ACTS OF
448289 ROIifR P~RRAS ~iP
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Ihere~nafter referred to as the Mortgaged Propertyl: and the Mortgagor does hereby Cully warrant the title to the Mortgaged Property
and will defend the same against the lawful claims of all persons whomsoever. _
PROVIDED ALWAYS, that i( Sharon L. Monteith Lefler ,the Makerlsl of that
(Insert Namelsll
certain promissory note dated the date hereof (the Notel, her heirs, legal representatives or assigns shall pay to Mortgagee
the principal sum of S 6, 218.30 as evidenced by the Note, with interest and upon the terms as provided therein, the fir?at
maturity date of the Note and of this Mortgage being July 21 , 19 89 ,which Note provides that
all installments of principal and interest are payable at the ottice of Mortgagee, or at wch other place as the holder may designate in E
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 sny installment thereunder and that if such default n not made
good in accordance with the terms of the Note, that the entire principal vim and accrued, earned interest shall become due and payable
without rwtice at the option of the ftokder thereof; and shall perform and comply wkh each and every stipulation, agreement and co~-
errant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be void, otherwise the same shall remain
in full force. Maker covenants to pay the interest and .principal promptly when due. Mortgagor covenants to pay the taxes and assess•
merits on sad property; to carry insurance against foe on the building on said lard for not less than S Tl/a ,approved
by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the
buikdirg on said land in proper repair.
This Mortgage shall secure not only existing indebtedness, but also such future advances, whether wch advances are obligatory or
I ~ 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
if wch future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed at any
s ~ a tus interest, and an disbursements made for the payment
_ OE time the maximum principal amount of S ~Y p Y
~ W rJ, of taxes, levies, or inwrarxe, on the Mortgaged Property, with interest on wch disbursements: Any wch future advances, whether
~ ~ oblgatory or to be made at the option of tht 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 U I Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time tht maximum principal amount set forth in this
paragraph) in whatever manner this indebtedness may be evidenced or represented, until this Mortgage a satisfied of record. All cove-
Hants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this
;f; future advance clause.
: ~ e~ , .
p~ Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, if the
' ~ j; Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and all costs and expenses of collection and
;,y ~ reasonable attorneys' fees, induding costs, expenses and reasonable attorneys tees on appeal, if collected by legal proceedings or
` ~ through an attorney at law, shall be paid by the Maker, and the same are hereby secured.
_ V` ~ i IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date fast above set forth.
)
c ~ Sogned del red
~n o e rice
# AL)
Sharon L. MdMttl Lefler 1
ISEALI
(Mortgagor
i S ATE OF F10Tlda 1
St Lucie-
COUNTY OF
t
1 HEREBY CERTIFY, that on this day, before me, an officer duly authgrrred in t11e State aforesad and m the County aforesad
~
to take acknowledgments, personally appeared S}lAT'd11 T, MD71 e7 L.~•~~' ,.''{s] rise known to be the person described
~n and who executed the foregO~ng instrument and they -K~ ~,~3hat they executed the same.
s ;~~:i'= .Trine ,
WITpI~SS my hand and official seal m the County and Sta ~ day of
A.O., 19 / ~ - - "
Mot P r ' ,
MDTN+r rout STATE a ilORFQA nT via MY , •
rr co~unlssfoa EAI~ vtT. a >fra,i ~ ::.,~;-r
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