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~IRECT HOME IMPROVEMENT MORT~AGE Y~~~
?41TH FUTURE ADVANCE
THIS MORTGAGE, niaue ch~s 3rd ~y oi Ju~___ , A.D., 19 79 , t~etween'
John J. Lacroix
- - (Mortgago~) and
Sun Bank of St. Lucie County ~Mo,~~?:
INameol Sun Bank1
WITNESSETH. Mat Morcgagor, for and cons~derat~on oi the p~em~ses and order ~o secure the payment o~ ~he princ~pa? and
~nterest on the note (as here~nafter del~nedl, Mo~tgagor hereby yrants, au~gns transie~s a~xi mor~qages to Mo~tgagee, rts successors and
ass~gns (orever, the foltow~ng deuribed rea~ proper~y ~n $t. Lucie County, Fbr~da, to w~t:
From the Northeast corner of Section 21. Toanship 37 South, Range 38 East,
St. Lucie County, Florida, run South 89d55' West along the North line of said
Section 21, 790.37 feet to the Northwesterly right of vay line for Glades Cut-off
Road; thence run South 44°43'30" West along said right of vay line 2691.32 feet
to the point of beginning; thence run North 45°16'30" Wes t1650.0 feet; thence
run South 44°43•30" West 264.0 feet; thence run South 45°16'30" East 1650.0
feet to said right of way line af Glades Cut-off Road; thence run North 44°43'30"
East 264.0 feet to the point of beginning.
The above described parcel containing 10.00 acres.
, ~n
/ - " f'~vl/~~ _ J
~ h
G,~ ~~~9 -S ~ 3~ 2~ ~~d s f~~ ~O In Payment Ot Taxes
1 Ous On Class "C" Intanpibie Personal Propr ~cy,
~'=tO AtiU n:CtmJLU
ST. ~tJCiE CO~V i Y. Fl;.. Pu~suent To Cheptsr 71, 134, Acts Of 1871.
ROGER POITRAS ROGER POITRAS 9o~i~
CLERK CIRCUtT CO!~
kiC^'=tt ~~:-~r-:;•~ 7' Clerk Ci?CUit COU1't, SL LuCN. CO.. FI~.
(This is a Second Mvrtgage)
~
, ~ ~ ,
j Ihere~nafter referred to as the Mwtga9ed Propertyl; and the Mortgagor dces hereby tu~ly warrant the t~tle to the Mortgageci Property
_ _~i~ and w~~l detend the samE against the lawful cla~ms of all persons whomsoeve~.
John J. Lacroix
' x;3~ ~ PROVIDEO ALWAYS, that ~f , the Makerlsl oi that
! : .%'2~~ - Ilnsert Namelsll
~ !
! i` certain prom~uory note dated the date hereof ~the Note1, his ~,rs, tegal represe~tat~ves or ass~gns shal! pay to Mongagee
~ : the prinapa~ sum of S 7~ 02$. 96 as evidenced by the Note, wrth mterest and upon the terms as prowded there~n, the hnal
" i matunty date ot the Note and of this Mortgage be~ng July 11 , tg , which iUote prov~des that
~.ti,'~ '-~~i- ~1'1 all mstallments o( pnnc~pal and interest are payabte at the offlce of Mortgagee, or at wch other place as the holder may des~gnate m
' f;'• wr~ting, and that each maker and e~?dorser agree .to pay all costs ot collecuon, includmg a reasonabie attorney's (ee, upon default m the
. ~u,~ { paymem ot the Note, and that ~f default be made m the paymem of any installment tAereurder and that it such default n not made
goal m accordance with the terms of the Note, that the ent~re pr~ncipal wm and accrued, earrxd ~nterest shall become due and payable
i; ~ )
3 T. wuhout not~ca at the option ot the holder thereof; and shatl perform and comply with each and-every stiputatwn, agreeme~t and cov-
i ~ l• enant of the Note arxl oi this Mortgage, then th~s Mortgage and the estate hereby created shall be vo~d, otherw~se the same shaU remam
i • ; ~n lull (orce. Maker cove~ants to pay the ~nterest and pnnupal promptty when due. Mortqagor covenants to pay the taxes and assess-
C ~ ments on sald property~ to ca:ry msurance agamst hre on the bu~ldmg on sa~d land for not less than 5 ~ approved
' L~ by the Mortgagee, with standard matqage loss c~ause payable to Mort the f~c to be held b the Mort
~ gagee, po y y gagee and to Keep the
~ budding on sa~d land in proper repau_ '
~ '
~ T Th~z Mortgage shall secure not only ex~st~ng ~ndebtedness, but a?so wch tuture advances, whether such advances are oblgatory or
a.i to 6e made at the opt~on ot Mortgagee, or otheiwise, as are made w~thin twenty (20) years from the date hereoi, to the same extent as
~ ~i wch tuture advances were made on the date ot the execution oi th~s Mortgage, but wch secured ~ndebtedness shall not exceed at any
~ ~
~ ' t~me the maximum prmc~pal arrount of S plus ~nterest, and any d~sbursements made tor the payment
; _ ~ of taxes, lewes, or ~nsurance, on the Mortgaged Property, whh mterest on wch disbursemems. Any wch IWure advances, whether
E - obl ator or to be made at the o tbn of the Mort
g y p gagee, or otherw~se, may be made e~ther pr~or to or after the due date oi the Note or
~ any other notes secured by tha Mortgage. Th~s Mort is ~ven for the
gage g spec~t~c purpose ot secunng any and alI ~ncfebtedness by the
' Maker to Mortgagee (but ~n no event shall the secured indebtedness exceed at any trme the max~m~m pr~nupal amount set forth ~n this
~ ' ~ par~graph) m whatever manner this indebtedness may be ewdenced or represented, unt~l th~s Mortyage ~s sat~shed ot record. All cove-
nants and agreements conta~ned th,s Mortgage shalt be applKable to all iurther advances made by Mortgagee to Maker under th~s
p ~ future advance clause.
i l M
~ Should any ot the above covenants be broken ther, the Note and all moneys securecf hereby shalt, w~thout dema~ri, ~t the
~ ~ Mortqagee, so elect, at once become due and payable and th~s matgage may be inrecloseci, and all costs and expznies oi collect~on and
~ - C~ reasonable attorneyi' ~ees, ~ntiud~ng costs, expenses arxf reasonable attomeyi ~ees on appeal, ~f collected by iegal proceecfmqs or
~
through an attorr.ey at faw, shalt be paid by the Maker, and the same are hNreby sewred.
...i
IN WITNESS WHEREOF. the A1ort r t,as executed th~s Mort
~ - p gago gage as o( the date 1~rst above set torth.
~ - ~ i Sgned, sealed and delrvered
. ~n our pre ce:
~ - ~ \ ( ( .~~1~
- ISEAL)
i _ - (Mo~ ago41
~ y~,~
~ ~.6b.LL ~~~?'t~`!` - - (SEAI)
< ~ IMortya~o.1
s'
~ Florida
S STATE OF )
s ' )
COUNTY OF $t. Lucie 1
~
~ 1 HEREBY CERTIFY, that on th~s day, before me, an ott~ce. duly authonzed ~n the Sfate aforesa~d and ~n t}~e`Cttunty atoresa~d
~ to take acknow~ed ments, penonau a Parect J~hn J~ Iaeroilc ~
9 v PP to me k~own to be the per~pn descr~ed
~ ~n and who executed the iore9o~ng ~nstrument and t1e _ ack~owledged before me that he eXsc~,ied ine sar,~e.
WITNESS my harsd and ott,c,a1 seal m the County and $tate Iast aforesa~d th~s 3rd day of -
A_D., 19 . ^.~'~L•~e~~(~? .
' Nota+y Publ~c '
' ` k 311 Y o <~stf <AR~ .
~ My Comm~sswn [i[~1T1~.
; ~~~K '+~(;f M, ~:z ti1s,.1•'.r:f•P~~f:M.~Y~T6 198i
~ 40014-000~7Rev_8/77 et ~~JjU :rR•, ~ +E4•~~ _,;J.~~dJQ1:FR; ~
E.n~ ~.e9~ns
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