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~IRECT HOME IMPROVEMENT MORTGAGE /
WITH FUTURE AOVANCE ~
THIS MORTGAGE, macle th~s 3rd _~y o~ _ July , A.O., 19 79 , between
Richard A. Ross and Lucile C. Ross, his wife
un n o . uci-e ounty lMo~~9ayorl ar,d
(Mortgageel:
(Name ot Sun Bank)
WITNESSETH, that Mo~tgago., lor and m coos~derat~on o~ the prem~ses and m order to secure the payment of the pnnc~pal and
mterest on the note (as hera~at~er det~nedl, Mortgagor hereby grants, au~ans ~ransfers ar?d mortgages io Mor~gagee, its successors and
au~9ns forever, tha followmg deunbed real proper~y ~n St. Lucie County, Fbrda, to wii:
Lot 20, Block 3231, PORT ST. LUCIE FLORESTA PINES,
UNIT TWO, according to the plat thereof recorded
in Plat Book 16, paqe 37, and 37A throught 37C
of the Public Records of St. Lucie County, Florida.
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Q THIS IS A SECOND MORTGAGE
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o " Rsceived • ~ 7 ~ • ~ ~
~M~+snt O/ Taxe~
~ ~ ~379 J~l~ ' S ~ 3; Z~ ~ue On Cless ••C•• ~ntangibls Personal Propn?~y~ -
° ~?suant To CA ter 71. 1
~ 34. Acts Of 18j~,
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= F~LED AMU ~~CukucU RpGER POITRq$ ~
a ST.LUCIE C04NTY.FIA. C~e,k Cir~~
F- ROfER POlTRA5
~ ;t_li~ CLERK CIFCUtT CCU n. St. Lucie. Co.. Fia.
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c~i~ ~,D ihereinafter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby fully warrant the t~t1e to the Morigaged Property
> `"x and w~il defend the same agamst the lawful claims ot all persons whomsoever_
~ T Richard A. Ross and Lucile. • C. Ross
~ '/~wc-••,•', PROVIDED ALWAYS, that ~f , the Makerls) ot that
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~ , certain promissory note dated the date hereof (the Notel, their hetrs, legal representatives or ass~gns shall pay to Mortgagee
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j 1~ 1 the pnnupal sum of $ as ev~denced by the Note, with interest and upon the terms as provided there~n, the t~nal
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w i 3~ maturity date of the Note and oi this Mortgage be~ng July 16 , 19 89 , wh~ch Note prov~des ~ hat
~ Cw1 _ all installments of rinci 1 and interest are payable at the off~ce of Mort
~ ~ p pa gagee, or at wch other place as !hQ holder may des~gnate in
+ wrrting, and that each maker and endorser agree to pay all costs of collecUO~, includ~ng a reasonable attorney's fee, upon detault m the
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' ; N . payment of the Note, and that i( def~lt be made m tAe payment of any mstallment thereunder and that wch detault K not made
: 0 - good ~n accordance with the terms of the Note, that the entire p~incipal wm and accrued, earned ~nterest shall become due a~d payable
..n w~tho~~t not~ce at the optio~ of the holder thereof; and shall per(orm and comply with each and every stipulation, agreement and cov-
I~ enant of the Note and of this Mortgage, then th~s Mortgage and the estate hereby created shall be vo~d, otherv~nse the same shall remain
! m full force. Maker covenants to pay the interest and pnncipal promptly when due. Mortgagor covenants to pay the taxes and assess-
V ments on said proQerty; to carry insurance a9a~nst f~re on the buildmg on sa~d land for not less than $ n~d , approved
~ by the Mortga9ee, w~th standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the
{ build~ng on sald land m prope? repair_
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( Th~s Mortgage shail secure not only ex~st~ng indebtedness, but also wch future adva~ces, whether such advances are obl~gatory or
~ ~ to be made at the option of Mortgagee, or othervr~se, as are made within twenty (20) years from the date hereoi, to ihe same eztent as
~ G ~f wch future advances were made on the date oi the execut~on ot th~s Mort
gage, but wch secured ~ndebtedness shalt not exceed at any
~ } ' ~ t~me the max~mum pnncipal arrount of S n~d plus mterest, a:od any d~sbursements made tor the payment
i _ V~ of taxes, ievies, or ~nsurance, on the Mortgagi.d Property, with mte~est on wch d~sbursements. A~y wch fuwre advances, whether
p ~ oblgatory or to be made at the option of the Mortgagee, or otherwne, may be made erther pnor to or after the due date oi the Note or
~ < ; V any other notes secured by th~s Mortgage. Th~s Mortgage ~s g~ven for the specrf~c purpose of securmq any and all mdebtedness by the
~ Maker to Mortgagee ibut m no event shall the secured indebtedness exceed at any tune the max~mum prinupal amount set fonh in th~s
, paragraph) m whatever manner this ~ndebtedness may be ev~denced or represeM!~, uMil this Mor:gage ~s sat~sf~ed of record. All cove-
~ nants arxf agreements contained m this Martgage shatl be applKable to all further advances made by Mortgagee io Maker under th~s
~ ~j; ~ tuture adva~ce clause.
~ Z Cu O' Should any oi the above covenants be broken then the Note and all moneys secured hereby shall, w~thout deman;f, ~i the
~ z`~; x I Mortgage2, so elect, at once becomr due arxl payabte and th~s mortgage may br foreclosed, arxf all costs and expenses ot collect~on and
Y~ G reasonable aitorneys' tees, ~ncludmg costs, expenses arxf reasonable attorneys" ~ees o~ appeal, ~f collected by legal proceed~ngs or
~ '~'i ~ through an attorney at law, shall be pa~d by the Maker, and the same are hereby secured.
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~ -`f'~ ~ IN WITNESS WHEREOF, the Mortgagor has executzd th~s Mortgage as of the date fnst above set !Orih.
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~ ' S~gned, sealed and delrve ed
m our resen e:
~ - ' ISEALI
~ ' ~ ~ IM ~gor ~_..i~
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6 '~'L~1 ~ " ISEAL)
Ihlortga~or)
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~ STATE OF Floricia ~
St. Lucie ~ •
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~ 1 HEREBV CERTIFY, [hat on th~s day, before me, an o`•f~~er duly authonzed m the S!ate atore~a~ and.in the County Sforesa~d
~ to take acknowledgments, perspnally appPared Richard A. ROSS a71d LuClle ~ me kn~owvs~ tab be the pe~son destnbed
~ ~n ancf who executed the forego~ng ~ns[rumen~ and they ~knowledged before me that t~x, executed tAe same.
W{TNE~S my harxi a~d oit~c,al seal ~n the County and State last aforesa~d th~s 3rd day of 3uly ,
~ A.D , 79 ~ _ .
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. Nocary Publ:c
~ U~ hRy Comm~ssw~AR'I~UII~C ST~1E CX ROt~DA Af IARGe i
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