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Home My WebLink About1289 . ; OIRECT NOME IMPROVEMENT MORTGAGE ~~~p~ ~ / wiTH FUTURE ADVANCE THIS MORTGAGE, made this 6th ~Y o~ July , A.p., 19 79 , betwee~ G. Richard Macklem and Phyllis J. Macklem, his wife (Mortpagor) snd Sun Ba o_ t. uc e oun y IMo~~~sel: [Name ol Su~ Bankl WITNESSETH, thst Mortpagor, for and m considerat~on of the prem~ses and in order to seture the paymen! of 1he pr~ncipal snd interest on tht note (as Aere~~aiter detmedl. Mortyagor hereby grsnts, auigns tra~sters and mortga~ees to Mortyapee, its wcceuors a~d au~9ns torwer, the tollowing deuribed real prope.ty in St. Lucie Cou~iy, Fbr~da, to wit: Lot 42, Block 390, PORT ST. LUCIE SECTION 24, a q° ~ Subdivision according to the plat thereof recorded in Plat Book 13, Paqe 31, of the Public Records of ~ St. Lucie County, Florida. u F O Z a • a~i0 ~ In P~tt OI Taxs~ z Ous On Class "C" IMSnp~N persona~ p,o~e,~y~ ~ i979 JUZ I I A~i 3g o . Pursusrn To CAspter 71. 134. Acts Q~ 1971. ROGER POITRAS ° FI~EO ANP. k~COitDtO THIS IS A SECOND MORTGAGE o SLLUCIE CaUHTY.FIA. C~e?k Circuit Court, St. LuCN. Co., FI~. w ROGERPOITRAS STATE F~~F-~i~?i• ~ Q CIERK CIRCUIT CO- Ul~Tj ) Ci C U M E N 1A R Y.•~ $ 7 L~ M~' ' t. i ~ ~ :':.r.~Ei~~'F'"n•.F.~^_~ )E'r~.tiF'kE~ENU~~•' - c ~ ~ ~,i'~ ~ ~J. ~ 0 ~ ~ 4s~ooo = Ps. ~ ~u~ „~~g c=~~~-~ ~ r ~ _ ~ a ~ ~ Q ~ (hereinafter reterred to ss the Mort9aged Propertyl: and the Mortgagor does hereby (ully warrant the title to the Mortgaged Property r and wiil defend the same against the lawfuf claims of all persons whomsoever. ~ G. Richard Macklem & Phyllis J. Macklem Q PROVIDED AIWAYS, that if , the Makerls) of that r z [Insert Namelsll ~ ~ja~~ their _ ~ promisswy note dated the date hereof (the Note), heirs, legal representatives or ass~gns shall pay to Mortgagee ~ 10 534.67 ~ the principal sum o( S • as ev~denced by the Note, with incerest and upon the terms as provded therein, the final ~ July 16 89 maturity date of the Note and oi this Mongage being , 19 , which Note provides that ~ a11 installmenis of principal and interest are payable at the office of Mortgagee, or at wch other place as the hotder may designate in ~ ~ nnitir?g, ar?d that ~ch maker and endorser agree to pay all costs of collection, including a reasonable attorney's fee, upon default in the :n payment of the Note, and that it detauit be made in the payment of any ~nstallment thereunder and that ii wch default is not made good in accordance with the terms ot the Note, that the entire principat wm and accrued, earned interest shalt become due a~d payable without notice at the option of the holder thereof; and shall periorm and comply w~th each and every stiputation, agreement a~d cov enant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shatl be void, othe?wise the same shall remain ~n full (orce. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess- ments on said r ~ ~ n/a p operty; to carry insurance inst fue on the buildi on said tand for not less than S , approved by the Mortyagee, wrth standard matgage loss clause payable to Mortga~ee, the policy to be held by the 1Aortgagee and to keep the i bu~lditig on said land in prpper repair. f ; This Mortga9e shall secure not only existing indebtedness, but also such tuture advances, whether wch advanca are obligatory or ~ to be made at the option of Mortgagee, or otherwise, as are made w~thin twenty (20) years from the date hereof, to the same exte~t as 5 f ~t such future advances were made on the date oi the executio~ ot this Mortgage, but wch secured indebtedness shall not exceed at any ! ~ i~ time the max~mum princ~pal amount ot $ n~a plus interest, and any disbursements made for the payment I ot taxes, levies, or insuraoce, on the Mortgaged P~operty, with interest on such disbursements. Any wch future advances, whether ~ obligatory or to b~ made at the option of the Mortgagee, or otherwise, may be made efther prior to or after the due date of the Note or ~ , any other notes secured by this Mongage. This Mortgage ~s given for the specific purpose ot securing any and all ~ndebtedneu by the ~ Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time the max~mum principal amount set fonh in this ~ ( paragraph) in whatever manner this indebtedness may be evidenced or represented, until this Mortgage is sat~sfied of record. All cove- ~ n nants and agreements contamed in ih~s Mortgage shall be applicable to all further advances made by Mort9agee to Maker under this ~ ~ future advance Clause. ~ > ~ O = Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, it the ~~,X Mortgagee, so e~ect, at once become due and payable and this mortgege may be foreclosed, and all costs and expenses o1 collect~on and , ro reasonable attorneys' tees, ~nclud~ng costs, expenses and reasonable attorneyi f~s o~ app~l, ~t collected by legal proceed~ngs or pq through an attorney at law, shall be paid by the Maker, arxi the same are hereby secured. r Z - ~ IN WITNESS WHEREOF, the Mortgagor has executed th~s Mortgage as of the date Grst above set fo~th. ~ (n - ! Sg~ed, sealed and delwered ~ m o r sen e- ~ ~ ~ ISEAL) ~ , (Mortgago 1 ~ ' / S~ALI ; ortgagor) ~ . 1 ~ STATE OF Florida ? ` . ' ~ COUNTYOF St. Lucie ~ - ~ ~ I HEREBY CERTIFY, that on th~s day, betore me, a~ oificer duly authonred ~n the State atoresa~d ancf ~nty aforesaid G. Richard & Phyllis J Mac~e ~ to take acknowledgments, personally appeared ' to ibed i m and who executed the foregomg ~nstrument and they acknowledged beiore me tlZst t`~ ~i ''t~m~~. e ~ 6th ~ ' ~ . ' = _ WITNESS my hand and oit~c~at seal m the Councy and State last aforesa~d th~s d~r . R v . r A.O., t9 . f. $ ~ ~ ~ rt . : ~ Notary Pubbc pt~ Rt• r c~stt ~ fg~rrR. r ~K My Comm~sswn Ex ug~y C~'~iSS1•_r~ EuIRES ~~a ~!4~ ' a~;'~K ~~2 rar,~ 1287 ,~o ,~:;~a~~~TE~-~ ~ - 4-6p14000•7 Rev 6/77 ~ Q r, E.~cu~M ?re+s ( ~