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Home My WebLink About2570 DIRECT H10ME IMPROVEMENT A~IORTGAGE - ~ 3 WITH FUTURE ADVANCE ~~~~~~~1 THIS MORTGAGE, made flits 15th ~y of June , A.D , 19 79, bettneen- Richard Albanese- $nd• $laine K. Albanese, his wife fMortgagal and Sun Bank of St. Luc a County IMortyageel: 1 (Name of Sun Bank) WITNESSETH, that Mortgagor, for and in consrderaNon of the premises and rn order to secure the payment of the pnnnpal and 1 tnterest on the note las hereinafter dehnedl. Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and r assigns lorever, the following described real property in $t. Lucie County, Fbrda, to wit: LOTS 10 and 11, BLOCK 8, RUHIrMAN SUBDIVISION, according to the Plat 'thereof, recorded in Plat Book 9, page 55, ~ of the Public Records of St. Lucie County, Florida. i. 1 i ~9~9 JU~I i 8 f !i 3~ 0 i li_ ~o r ci ss ~.f~~ , Ilaf Pant:nr c it)~~i TO 6.81E PfAiO,y F ilrX`~ 1D ` FI t:0 ANC RECI)fil,: f, ENMIER )1-1 1 F~'EaTM S ROGER POITRASA• AO ACTS OF 187tr ~ CLERK CIRCLrIT CQU^ a~•~T ~IIATr n w ~ ~ RECORD f~'ERI'tEC__~~~~ y i 448291 ti.~_a ~ I (hereinafter referred to as the Mortgaged Property; and the Mortgagor does hereby fully warrant the title to the Mortgaged Property ~ and writ defertd the same against the lawful claims of all persons whomsoever. ~ PROVIDED ALWAYS, that if Ri r•1?arA nl hr~ncscca anA F1 dine K. Alhane>eeMakerlsl of that [Insert Namelsll t-~~ certain promissory note dated the date hereof (the Hotel, their heirs, legal representatives or assigns shall pay to Mortgagee i = the pnnc,pai sum of 5 7 ~ 26736 x evidenced by the Note, with interest and upon the terms as provided therein, the final maturity date of the Note and of this Mortgage being July 1 . 19 89 ,which Note provides that r ; ' .~;"-j all installments of prrncrpai mid interest are payable at the office of Mortgagee, or at wch other place as the holder may designate in s wntmg, and that each maker and endorser agree to pay all 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 ' ' 9 good in accordance with the terms of the Note, that the entire pnncipal vim and accrued, earned interest shall become due and payable ~ ~ - ~ ' ~ withoue notice at the option of the holder thereof; and shall perform and comply with Bath and every sapulatron, agreement and cov- ~ , ' ,Ill errant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be word, otherwise the same shall remain - m full force. Maker covenants to pay the interest and pnnupal promptly what due. Mortgagor covenants to pay the taxes and assess- = a± ments on card property; to carry insurance against fire on the building On said land for not less than $ n/a ,approved i~,I;I!' by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the buckling on card land m proper repair. This Mortgage shall secure not only existing irtdebte+Jness, but also wch future advances, whether wch 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 aine the maxrmum pnnupal amount of 5 - n/a plus rnterest, and any disbursements made for the payment - of taxes, levies, or inwrance, on the Mortgaged Property, with rnterest on wch disbursements. Any wch future advances, whether i - ~ obligatory or to be made at the oF[ion of the Mortgagee, or otherwise, may be made either poor to or after the due date of the Note or y J~ any other notes secured by this Mortgage. Thrs Mortgage is gwen for the specific purpose of secunng any and all indebtedness by the ~ Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any trine the maxrmum pnncipal amount set forth in this ~'~w',a~~ paragraph) in whatever manner this indebtedness may be evrrlenced or represented, until this Mortgage is washed of record. All cove- Q ' 7r Tanis and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker utxler this ~j ~ future advance clause. _ i ' Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, d the ~ h7ort a ee, so elect, at once become due and gage may be foreclosed, and all costs and ex enses of collection and ~ g g payable artd this moil P reasonable attorneys' fees, including costs, expenses and reasonable attorneys tees on appeal, it collected by legal proceedings or ~ - through an attorney at law, shall be yard by the Maker, and the same are hereby secured. c~'d - ~ IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date I~rst above set forth. ) ~ $:gned, sealed and de Bred Richard Albanese 1 m our presence: ~ `i--~~~~~/lf~..ri g f Qom- (SEAL) _ f ort r) ~ ~ f _ ~//X~ LI ,Mortgagor 1 Elaine K. Albanese r, . ~ STATE OF Florida 1 ' - COUNTY OF St. Lucie ' t''' r E~~,C~'&~; r I HEREBY CERTIFY, that on this day, bef re me, an offs s i~f:Z the State aforesaid and in the County aforesad to take acknowledgments, personally appeared ~C rd ~ ~f~~~t._ Y - to me known to be the person described ~ `s f rn and who executed the foregoing instrument aril ~ `'i knoi~ be r~e{me that they 'executed the same. WITN(;SS my hand and off,c~al seal m the County and Sti~• ,~M=i~` ~s ey °t. JunE' . rjt • I ~1 - r ' ' - s 310 o~E2568 ~I<~ A. a-soya-ooo~i R.v. 8m `:rte ~~;,-"u ?'.s. ~ ~ E...~r.~..n, • -