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DIRECT HOME IMPROVEMENT MORTGAGE L,~~~(~ ~ ~ i
WITH FUTURE ADVANCE ~~vvVV I
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THIS MORTGAGE, made this 15th day of 4 A.D., 19 . betwsen'
Richard D S hm d S 8i *?Qle adult - (Mortgagor? and
Sun Bank of St Lucie County IMortgagea?:
INameof Sun Bank) •
WITNESSETH, that Mortgagor, for and in consideration of the premises and in order to secure the payment of the principal and
interest on the note las hereinafter definedl, Mortgagor hereby grants, aurgns transfers and mortgages to Mortgagee, its wccessors and
auigns forever, the tuliowing described real property in St . Lucie COUnty~ County, Fbrida, to wit:
Lot 15, Block 53, INDIAN RIVER ESTATES, UNIT 7, according to
the plat thereof on file in Plat Book 10, Page 75 Public Records
of St. Lucie County, Florida. }
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RECEIYEO s~SS _ IN PAYfitENT OF TAXES
C OUE ON CIi.SS •C' t 1TataG etc P.R~ONA! PROPERTY,
X979 JUE! 18 ~ 0~ PURSUANT TO t HA?Ti . 71- a, ACiS OF 1071.
ROGiR Iiu1TkAS
F L 0 AA(1 KlCurttltU CLERK CiRCUfT COURT. ST. IUGE q.
S~ l~IE CI?11f1TY.FlA.
ROGER POITRAS 4~~~~
CLERK CIRCUIT CO v1~i~7
r O R:COR7 YEPIFlEQ,_~~~
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M (hereinafter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby fully warrant the true to the Mortgaged Property
and will defend the same against the lar4ful claims nl all persons whomsoever.
2.
t 11 PROVIDED ALWAYS, that if Ri c•1~tarri D Sehmi dt , a single Rdult ,the Makerls) of that
1.,,,,',,x~~4 L (Insert Namelsll
• • • certain promissory note dated the date hereof (the Notel,-atr;~- errs, legal representatives or assigns shall pay to Mortgagee
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-+i~- •'~r the principal sum of S as evidenced by the Note, with interest and upon the terms as provided therein, the final
. _~'{i .
' maturity date of the Note and of this Mortgage being June 16 , 19 $
4._. ,which Note provides that
~ ~ all installments of pnncipal antl 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 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 any installment thereunder and that if wch default K not made
- good in accordance wrth the terms of the Note, that the entire principal win and accrued, earned interest shall become due and payable
~ illl ~ without notice at the option of the holder thereof; and shall perform and comply wrth each and every stipulation, agreement and cov-
I~':;
,sir i enant of the Note aril of this Mortgage, then this Mortgage and the estate hereby created shall be vod, otherwise the same shalt remain
r~•~ - in full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess-
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ments on said property: to tarry rnsurante against fire on the building on said land for not less than $ n~a ,approved
by the Mortgagee, wrth standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the
bwlding on said land in proper repau.
This Mortgage shall secure not only existing rndPbtedness, but also such future advances, whether such advances are oblgatory or
to be made at the option of Mortgagee, or otherwise, as are made within twenty 1201 years (rpm the date Hereof, to the same extent as
rf wch future advances were made on the der?e of the execution of this Mortgage, but such secured indebtedness shall not exceed at any
j time the maximum principal amount of $ ~a plus interest, and any disbursements made for the payment
_ ! of taxes, levies, or insurance, on the Mortgaged Property, wrth interest on wch disbursements- Any wch future advances, whether
~ ~ gbtgatory or to be made at the option of the Mortgagee, or otherwise, may be made either prior to or af[er the due date of the Note or
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( ~ any other notes secured by this Mortgage. This Mortgage is given for the specific purpose of securing any and all indebtedness by the
f J ~ ~ Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any bins the maximum principal amount set forth m this
y paragraph) in whatever manner this indebtedness may be evidenced or represented, until this Mortgage rs satisfied of record. Afl cove-
, ~ Hants and agreements contained rn this Mortgage shall be appHCable to aH lurther advances made by Mortgagee to Maker under tha
~ ~ luture advance clause.
t ~ r
z ~ Should any of the above covenants be broken then the Note aril all moneys secured hereby shall, without demand, rf the
~ Mortgagee, so elect, at once become due anrf payable and this mortgage may be foreclosed, and all costs and expenses of collection and
x ~ reasonable attorneys' tees, inUudrng costs, expenses and reasonable attorneys' fees on appeal, rf collected by legal proceedings or
~ ~ through an attorney at law, shall be paid by the Maker, and the same are hereby secured.
~
r - I IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth.
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i ~ Sign ,sealed and delivered Richard D . SChTIIldt
.n o r presence'
' ISEALi
_ (Mortgagor)
/ - ISEALI
IM1lortyagor)
's - §
2
STATE OF Florida 1
i f
g COUNTY OF St • Lucie
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I HEREBY CERTIFY, that on this derv, before me, an ufh~~ly-awt+'~Qtiaed in the State aforesaid and rn the County aforesaid
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to ?ake acknowledgments, personally appeared Riehar to me known to ne the person described
• •s1r,r
,n and who executed the foregoing instrument aril ecknOt111 before me that executed the same-
WITN'ESpS my harxi and offiual seal m the County and 51p~ ~ f4' day of June ,
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BOCK J1O PA '`„•*4•~~ A a RID610r? Ar L11~
GE~~7 s1.8 . 11a~1n MIl1c A a
d-6014-0Op~7Rev.8/77 i•: ~ CrO~AAM1sS~lON ~1t1:S DEC. 1 1963.. ...c....
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