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Home My WebLink About0267 t DIRECT HOME IMPROVEMENT MORTGAGE 45(~421 wITH FUTURE AOVANCE ~ THIS MORTGAGE, made th~s 5th day ol Jtl],y , A.O., 19 between' Grant E. Hollingshead and Mary L. Hollincrshead, his wif~ IMortga9or) a~a Sun Bank of St. Lucie County ~nno~~~i: ! IName oi Sun Banki WITNESSETH, that Mo~tgagor, lor and ~n cons~derauon ot the prem~ses and ~n order to secure the ~yment ol the pn~apal a~d ~nterest on the note (as here~natter definedl, Mortyago~ hereby grants, auigns itans~ers and mortgages to Mo~tgagee. ~ts successors and ais~qns torever, the follow~ng descr~bed real property i~ St• T'uCle - County, Fbrda, to w~t: Begin at the NE corner of the North 375 feet of the South 1/2•of the NE 1/4 of the SE 1/4 of Section.5, Township 36 South, Range 40 East, run South 254 feet to a point; thence turn and run West 400 feet to a point; thence run North 67°29' West 108.4 feet to a point; thense run west 700 feet-ot the point of beginning; from said point of beqinning continue West 125.6 feet to a point; thence turn and run South 162.5 feet to a point ; thence turn and run East 125.7 feet to a ~ point; thence turn and run North 162.5 feet to a point.of beginninq; . being also described as Lot 12 of an unrecorded plat of Daniels Subdi- vision= TOGETHER WITH an easement in common with the public in general, the following described street for means of i-gress and egress over the followinq to wit: From the NE corner of the North 375 feet of the S 1/2 of the NE 1/4 of the SE 1/4 of Section 5, Township.35 South, Range 40 East, run South 204 feet; thence West 25 feet to the point of beginning; from said point of beginning continue West 368.4 feet; thence North 67°29' West 108.4 feet; thence West 831.5 feet; thence. Soutfi 5~J feet; thence East 825.6 feet; thence South 67°29' East 108.4 feet; thence East 375 feet; thence North 50 feet to the point of be- ginninq. . V r~i C4M ' a' (h=re~nafter reterred to as the Mortga~ed Propertyl; and the Mortgagor does hereby tu~1y warrant the atle to the Mortgaged Property ac ' Q and w~sl defend the same agamst the Iawfrl~,1„ ~~of ~:per~~~~?~~ead ~3x1C~ ~ la r' v~ PROVIDED ALWAYS, that ~f Mary. L. HO in~ head, 2'11S wife , the Maker(s) ot that ~ jlnse?t Namels?1 ~ ~ certa~n prom~uory noie dated the date hereo} (the Notel, their heirs, tega~ represeMat~ves or ass~gns shall pay to Mortgagee b J 5,103.13 the prmc~pai sum of 5 as ev~denced by the Note, w~th ~nterest and upon the terms as prov~ded the~ein, the t~nal N h ~ ~ r,i ~ c~ ; ' maturity date oi the IVote and oi th~s Mortgage be~ng July ~J ~g 84 , which Note provufes that ~ o~ ~ all ~nstatiments oi pn~apal a~d interest are payabie at the office oi Mortgagee, or at wch other plxe as the holder may des~gnate ~n ~ wr~tmg, and that each maker and encforser agree to pay all costs of coilection, ~nclud~ng a reasonable attomey's fee, upon detautt m the r~'y A~ payment of ihe Note, and that ~t de(au~t be made in the payment oi any ~nstallment thereunder and that if such defauit ~s not made s y ti good accordance wr~th the terms of the Note, that the ent~re pr~nc~pat wm and accrued, eained ~nterest shali become due and payable o n~ w~thout noLCe at the optwn oi the J~older thereof; a~d shall perform and comply w~th each and every supulatan, agreement and cov- ~ enant ot the Note and o~ th~s Mortgage, then th~s Mortgage and the estate hereby created shau Ue vo~d, otherw~se the same sha11 rema~n ~ ~n full torce. Maker covenants to pay the ~r.terest and pr~nc~pat prompily when due. Mortqagor covenams to pay the taxes and assess- I mentz on sa~d prope~ty; to carry ~nsurance aga~nst hre on the tw~iding on sa~d larxf tor not less than $ n a_, approved by the Mortgaaee, w~th stanctard mo~tgage loss clause payable to iVlortyagee, the pohcy to be hekl by the Mortgagee a~d to keep the ~ bwldmq on sa~d land ~n proper repa~r. ~ Th~s Mortqage zhall secu~e not only ex~st~ng mdebteJness, but also wch (uture acivances, whether such acivances are oblgatory or ~ to be made at .he opt~on of Mortga9ee, or ptherw~se, as are made wrth~n twenty ~201 Years from the date hereoi, to the same eztent as ~ il wch iutu~e advances we~e made on the date ot the execut~on oi th~s Mortgage, but such secu~ed ~ndebtedness shall no~ exceed at any ! t~me the maz~mum pr ~nt~pal arnount of S. n/a plus mterest, and any d~sbu~sements made for ihe payment ~ ~ ~ oi tazes, lev~es, or ~nsurance, on the Mortyaged Property, w~th ~merest on wch d~sbursements. Any such (uwre advances, whethe~ ~ _ ~ obl~gatory or to bs made at the opt~on oi the Mortgagee, or otherw~se, may be made erther pno~ ro or aiter the due date oi the Note or ~ any other notes secured by th~s Mortyage. Th~s Mortgage ~s grven for the spec~t~c pu~pose of secunng any ar~ a~~ ~rxiebtedness by the ~ ` ~ Maker to Mortgagee (twt ~n no event shall Ihe secwed ~ndebtedness exceed at any Ume the max~mum pnnupal amount set torth ~n th~s ~ oaragraph) m whatever manner thn ~rxlebtednrss may be ev~dencecf or rep:esented, unnl chrs Mortgage ~s sahsfied of ~ecord. All cove- ~ y.,~ nants and agreements conta~ned ~n th~s tilorty:~qe sha11 be appl~cab~e to all (u~ther advances macle by tilorfgagee to Maknr under this ~ ~ O~ future advance c~ause. ~ ~ Should any of the above eovenants t~e b+oken thr.n the Nnte and ail mo~eys ssxu~EYf her~eby shall, wrthout demenci, ~f the Mo~tgaaee, so etect, at onre be~omP dur ancf p~yable and Ih~s mortgaye may be forecloxKi, anci all COYtt ind exp~nWS Of col~ect~on arxl " ~ ~ reasonab;e attO~neys' f~s, mCluding cosis, Nxpenses and reasonab~e attomeyi fees on appea~, collectc•d b~ Icgat p~oceecl~~gs or inrough an attorney at law, shall be pa~cf by the Maker, a~xi ihe same are hereby secwecl. ~ t, Q fN WITNESS WHEREOF, thv Mortga9or has r°xrcutM th~s Mortyaye as oi the date f~rst at~ove set fo~th - ~ $.yned, v'a!ec1 antl dei~veretl • ~ rr ~n our p~esence ~ ~ ; l~ ~ ~ ISEAII ~ ~ ; ~ : - - - ?-s-~1.- . - - - ~ ~ ~ ~ IMortgagol l r~ (SEAL) !J- ~1-h ~ Z - - IMnrtyayo~ 1 ~ .~(j~ . ~ ~ "'r _ Florida i ~ ~ • STATE OF ~ _ ) ~ ' , COUN7Y OF St. Lucie ~ - ~ ~ iR l ~ 1 HEREB~ CERTIFY, that o~ ch~s dav. a !t, i 1 e ra~e aforesaid #nd+ 1ie CouRty atwesad ~ r- ~`~~Yit `flt~}iiJY~'~ff~°~E# ~ , ~ a L. Ho in ea f,,~'~` ~ to tJke Jcknpyvl@d me~ts, pe'sondl{ aPpPared ~ t0 mQ kQa~ ~~.~ff~~C}~Stfibf.'C~ ; 1 ! 9 ~ . ~ ~`J ~n and who executeci the forego~nq ~nstrument and tl'le~L ack~owledg~ci t~fore me t1~¢t ~~~xe tt~3ame.' ~3i; 5th u~ -~1 iM1fITNE~rR+y hand a~d oft+c.al seal ~n t~? County and Ssa!~ ~asr a~o:esa~d ~h~s _ o~~ ~ 7 ~ 'j 4 F ; Ao..~9_ : T :9i9 ,1?,1~ -g P~+ ~ SQ ~ ~ ' ` ~ 4`~- ~ _ . ~ y ~ ~ Notary Put~l~c ~ :~Ma J 45t~421 F~~ED ANC ? t CU~eUt U M1y Comm~svon Expnes • ~1~?~. ST.LUCIF C~JUNiY.fi.l. 1~ ~s~,• ~y~ ; ROfiER POlTRAS r,,, ; CIERK CIACWTC UR1 C' R ~ c..: . o. 4-6014000-~ R~v. 8/77 ~11~ ~ F-rr•,~ ~.~a,F~; ~ ~ BC~D!( ~'A~~ t~V ~Q~ ~ - - -