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.
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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
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; 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
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~~~: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
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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.
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` ~ 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 ?
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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~