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HomeMy WebLinkAbout0154 DIRECT HOME IMPROVEMENT ~ MORTGAGE 4~69 WITH FUTURE ADVANCE THIS MORTGAGE, made th~s dav o1 T»+'+~~° . A.D., 19 1~- . betweN+' 11 ~ am B Brown and ~g~t~.J ~ Brotan, hia wife ~Mo.~~? a~+a . Sun Bank of St Lucie County ~Mo,~~~: ~ INameof Sun Bankl WITNESSETH, that Monyagor, for ~nd ~n consK3erat~o?+ ot the p~em~ses and ~n order to secure t~e payment of the pr~ncipal and ~nterest on tne note (as here~naiier dei~nedi, Mo~tyayi~~ i~e+eLy y~a~its, ais~qns irai~sters o~.i mort3~s ta R1ar:3a„-~e, ~ts susccss~ss a.~rod au~yes lorever, tht lollow~ng descr~bed real prope~ty ~^S~. LLiCie Countv, Fbr~da, ~o w~t: Lo~s 35, 36 and 37, Block 3, ~NDIAN RIVER ESTATES, UNIT FIVE, accordi.ng ~o the p~,a~ Che~eof recorded in P1at Book 10, Page 58, of the Pub~.ic Recorda of St~ Lucie County, Florida. p~5~ ~ 1 R~oslwd • cd I p~m~t Of TaDtM Ow On Cl~ss "C' IntanqiW~ PersonalProp~rty. _ ; _ _ ~~-g ~ 2 ~ 03 pursuant To Chapte? 71. ~3a ~s or ~s». ' ~ ' ~ . ~ ROGER POITRAS 9'~~ ~ F~LtC AKL• Ftl;iJnJEv ' Sl.l UCIE CGUt1TY.FlA. C~~? C~rcuif CouR, St. IuCN, Co., FIl, ~ ROGER POITRAS ~ S! • ~ ,tt~~ r.~V~T C~ r r r RiCbRO ~'F12tft~Q_ _ ~L~1 K~`, 448669 (here~nafter re(erred to as the Mort9aged Propertyl: a~d the Mortgagor doa lie~eby futly warram ~he utle to ~he Mortgaged Pro~ty ~ and wul defend the same aga~nst the lawtul darns ol all persons whomsoeve.. ' :,.~~?_:iV y . Z;> ; PROVIDEO AlWAYS, that ~f , the Makerlsl oi that 'i--~ u+f,~-~.' ? - ; t~'4 f l11 ( Insert Name s 1 = ce.ta~n promissory ~ote dated the date hereof (the Note1, ~"f+pr.~,~ he~rs, legal representaUves or au~gns shall pay to Mortgagee m:, Q ~~~:i~~- s- the pr,nc~pal wm of $ SZ - 9O3 . 9O as ev~denced by the Note, w~th mterest arxi upon the terms as prov~ded there~n, the finat ~ ~ 7 ~f matunty date of the Note and of th~s Mortgage being / , 19 ,.vh~ch Note prov~des that . ~ S O( all ~nstallments oi pr~nc~pal and ~nterest are.payable at the of(~ce of Mortgagee, o? at wch other place as the holder may designate in wrmng, and that each maker and endorser agree to pay all costs ot collectron, including a reasonable attor~ey's tee, upon default in the p;yment ot the Note, and that ~t detault be made in the payme~t of a~y ~nstallment thereunde~ and that ~i wch default K not made y t,J^!~ ~prdance wlth the terms ot the Note, that the enure pr mc~pal wm and accrued, earned mterest sAall become due and payabfe ~ ..i...hiY without not~ce at ~he opt~on ot ihe hplder thereof; and shatl pertorm a~d comply w~th each and every st~pulat~on, agreement and cov- enant of the Note and ot th~s Mortgage; then this Mortgage and the estate hereby created shall be vo~d, otherw~se the same shall remam in full torce. Maker covenants to pay the mterest and prmupal promptty when due. Mortc~ger covenants to pay the taxes and assess- ments on sa~d property: to carry ~nsurance a9a~rist (ue on the bu~ld~ng on sa~d land lor not fess ihan S nI a , apptOVed ~ by the Mortgagee, w~th ztandard matgage loss clause payable to Mortgagee, the pol~cy to be held by the Mortgagee a~d to keep the build~ng on sa~d land proper repa~r. ~ ~ Th~s Mortgage shalf seCUre not only ex~st~ng ~ndebtedness, but also wch future advances, whethe? wch advances are ab~gatory or to be maoe at the opt~on o} Mortgagee, or otherw~se, as are made w~th~n twenty (20) years from the date hereo(, to the same eztent as E ~f wch (u~ure advances were made on the date of the execut~on ot th~s Mo:tgage, buf such secured ~ndebtedness shall not exceed at ary ~ y ~ y, t~me the max~mum princ~pal arrount of 5 ~/A - ptus mterest, arxf any disbursements made tor the payment ~ of tazes, lewes, or msurance, on the Mortgaged Property, wrth ~nterest on wch d~sbursements. Any wch future advances, whether ~ obtgatory or to be made at the opt~on oi the Mortgagee, or otherw~se, may be made erther pnor ro or aiter the due date of the Note or Q any other notes secured by th~s Morigage. Th~s Mort9a9e ~s 9rven fOr the spec~t~c Pu~pose ot secur~ng any and a11 ~ndebtednesz by the s., j ~ ~ q~I ivia~er tu Nio~tgdgre It~ut ~n nu evrnt aiwii iirc acctirGai awcuiev~iriicwi.riu ei oi~ji inTic i ic i uw:-::: y:: ~L:'y:.:'o:'..v~ +::L } parag~aph) ~n whatever manner th~s mdebtedness may be ev~denced or represented, unt~l th~s Mortgage ~s saUSl~ed of retord. All cove- ~ants and agreements contamed m th~s Mortgage shall be apphcab~e to alt turther advances made by Morcgag?e to Maker under thK . ~ ~ p~ future advanceclause. r-R ` ~ Should any ol lhe above covenanis be b~oken then the Note and all moneys secu~ed hereby zhatl, w~thout dema~d, ~f the - - ~ - Mortgagee, so elect, at once become due and paY~~e ancl thn mortgage may be to~eclosed, and au costs ancl expenses of collechon and - ~ reaw~abte attorneys' ~ees, mcluding costs, expenses and reasonabte attorneys feez on appeal, ~i collected by legal proceed~ngs or ~ through an atto~ney at law, shatl be parcl by the Maker, and the same are hereby secured. ~ 7 ~ ~ ; IN WITNESS Y1IHEREOF, the Mo~tgago~ has e,cew~ed th~s Mortgage as of the date t~rst above set forth. ~ f - ~ ~ Sgned, sralecf and de+rve.ed, ~ o~ : prese~ce Wi 1.11II1 B. ~Y'O ~ ' (/ZV " (SEAL) ~ ~ , ort r) . ~ _ ISEAL) e ~ - (W Qd90r) ° ~ Martha J. Brown ~ STATE OF 1 ~ Fl.orida < < ? ; COUNTY Of St . Lucie ? s t 3 1 HEREBY CERTIF V, that on th~s day. before me, an oi(Ker duly author~red ~n the State aforesa~d ancf m the County aforesad ~ to take acknowledgme~ts, pe~sona~ly appeared _ to me known to be the peryon descnbed i '1~~~~• • m and who executed the torego~na mstrument a~d .~1t~Ow Edged betore me that executed ihe same. ~ ' WITNE $ my hand afxf off~c~a! seat m the County end.Statgji~ 4qy~A MK_1 Q~~I day of .T11T1P , ~ AD, 19~_ t~;~ r ~ L~ ~ • ~ G- L ,~Ly t~b1 ~ j' , ~innr 311 ~AGE ~54 ~ ~ : "'Y c~,~v~~ Exa„~s: - Mpt11R/ rlNlK AAtE d ~WRIW? At NI~