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HomeMy WebLinkAbout1292 . + DIRECT HOME IMPROVEMENT MORTGAGE ~ / W ITH FUTURE ADVANCE THIS MORTGAGE, made th~s dav of _~11.1 . A.D., ~9~_____ , between ROBERT J. WHITE and D~~,2IS S. WHITE ~ his Tdif@ _ - IMo~tya9o~? a~d ' Sun Bank of St. Lucie County , _ ~nno~~y~~~: IName o1 Sun 8ankj WITNESSETH, tnat Mortgago~, for ancf ~n co~s~de~at~on oi the arem~ses and ~n order to srcure the paymenl ol Sho pr~nc~pal anct ° ~nte~est on the note las here~nafter del~nedl, Mortgagor hereGy granu, au~gns transfers and mortgages to Alortgagee, ~ts successon and ~ ass~gns torever, the iotlow~ng descnbed rea~ propertY St.- Lueie Couoty. Flor~da, to w~t: ; t f Lots 1 and 2, FAIRVIEW PARK SUBDTVISION, as per plat thereof on file in plat Book 4, Page 29, _ public records of St. Lucie County, Florida, LESS that part of Lot 1 described as follows: ~~~C Beginning at a point on the North line of said Lot 1, 97-feet East of the NW corner of said Lot l, thence East 21 feet more or less to the East line of said Lot l, thence ' South 2 feet, thence West 21 feet more or less, ?_~~~a thence North 2~eet to Point of Beginning. ~ • :Nt:s y;~ YJ~~~ Recelved g In Payme~t Of Ta~cas Due On Clsss "C" Inte ~bls Personal Pr i ~t ~ aMnN. ;.,--,o ~979 Jl;.. I I 1~~, 3~ ~n of ta~t. i (n Pursuent To Chepter 71. 134, ; ~~o ? ~ `iC~ iIL£0 h~G hECuKUE~ . ROGER POITRA$ fdC~ i -;3D SLLl1CtE COllNTY FLA. - Cle•k Circuit Court, S~ LuCN, CO., Fi~. z: ROGER POITRAS 1 = CIERK ClftCL~IT CQUR ~ Q~ ' ~ 1~L~t~-° ~ ` ?;D f~iCC4lfl ~'r~:r::^_ (here~nafter referred to as the Mortgaged Propertyl; and ihe Mortgagor does hereby fully warrant the t~tle to the Mo~tgaged Property ~ ~ and wiil detend the same agamst the Iawfui cta~ms o( all persons whomsoever. ~ ' ._:rc _ ;°l~;;.' PROVIDEO AIWAYS, that ;rRobert a7. White and Dori.s S. ~llt@ , the Maker(s1 01 that • [ = .f.~ + I lnsert Namelsll . 1~ certam promissory note dated the date hereot (the Notel, their ne~~s, tegal representat~ves or ass~g~s shall pay to Mortgagee p ` y~ the pnncipal sum of $ 4, 458 . 79 ~~y,denced by the Note, weth interest and upon the te~msasprovided therem, the final ~ 3 Z,, ~ maturity date oi the Note and ot this Mort9age being `7Uly 6th , ~g87 , whkh Note prov~des That ~ ~ alt installments ot princ~pal and interest are payable at the office oi Mortgagee, or at wch other place as the holder may designate in _~1 ~ writing, and that each maker and endorser agree to pay all costs ot collecUOn, includ+rtg a reasonable attorney's (ee, upon default ~n the :!l ~ ' ~ payment of the Note, and that if default be made in the payment ot any mstallment thereunder and that ~f wch deiautt n not made good m accordante with the terms of the Note, that the entire pnncrpal wm and accrued, earned interest shall become due ancf payable without not~ce at the option of the holder thereof; and shall perform and comply w~th each and every st~pulatan, agreement ancf cov- enant of the Note and of this Mortgage, then this Mortgage ard the estate hereby created shall be vo~d, otherw~se the same shall rema~n ~n tull force. Maker covenants to pay the mterest arxf principal promptly when due. Mortgagor covenants to pay the taxes and assess- ments on saKl property; to .carry insurante against fue on the buddmg on sa~d land tor not less than S~.~a , approved '~I by the Mortgagee, wrth standard matgage loss clause payable to Mortgagee, the pol~cy to be held by the Mortgagee and to keep the ~ bu~ld~ng on saed ~and m prop_w repair. { E This Mortgage shall secure not onty ex~sting indebtedness, but also wch future advances, whether wch advances are obl~gatory or ~ to be made at the option of Mortgagee, or otherw~se, as are made wrth~n twenty (20) yea?s from the date hereof, to the same extent as if wch future advances were made on the date of the execution o1 this Mortgage, but wch secured indebtedness shall ~~ot exceed at any ! t~me the max~mum prmdpal arnount of S n/a p~us interest, and any d~sbursements made for the payment ~ ot taxes, lev~es, or insurance, on the Mortgaged Property, w~th interest on wch disbursements. Any wch tuture advances, whether E oblgatory or to be made at the optron of the Mortgagee, or otherw~se, may be made erther pnor to or atter~he due date of the Note or < any other ~otes secured by thK Mort9age. Th~s Mort9age ~s grven tor the spea(~c purpose of secun~g any and a11 ~ndebtedness by the Y~ Maker to Mortgagee Ibut m no event sha11 the secured indebtedness exceed at any tNne the maz~mum prmupal amount set torth ~n th~s paragraph) m whatever monner thls indebtedness may be ev~denced or represented, unul this Mortga9e ~s satisi~ed of record_ Atl cove- ~ nants and agreements coMa~ned ~n thk Mortgage shall be appl~cable to aU further advances matie by Mortgagee to Maker under thn ~ `.`i tuture advance clause. i . ~ ~ Should any oi the above covenants be broken then the Note and all moneys secured hereby shatl, wnhout demand, d the ~ ~ Mortgagee, so elect, at once become due and paYab~e and thn mortgage may be (oreclosed, anc/ atf costs and expe~ses of cotlect~on and I reasonable attorneys" ~ees, mcludmg costs, expenses and reasonebte attorneys' f~s on appeal, ~i collected by lega! proceecimqs or ' s through an attomey at law, shall be paid by the Maker, arxi the same are hereby secured. 4Ji~ . _ IN WITNESS WHEREOF, the Mortgagor has executed th~s Mortgage az of the date hrsT above set fo~th. ~ S+gn , aled and del~v ~ Rober W~llt@ ~ ~n o r esence: ~ - i~~ ~ iSEAl) ~ . IM ~ , ~ l/Z~f/~~ ~~:%'C-~ _ (SEALI ~ Doris S . ~~a~? _ i ~ • STATE OF Florida 1 ~ St. Lucie ~ i ~ COUNTY OF 1 ~ 3 I HEREBY CERTIFY, that on this day, before me, a~ off~cer duly author~zed ~n the State aioresaci ancl ~n ihe County aforesaid .Robert and Doris White = to take ack~owledgments, pYr~pnaliy~~ to me known ro be the pe.so~ dezcribed ~ ' - . ~ m and who executed lhe,f~ ~j .,.~f ackr:owledged betore me that they executed the same_ , ' , '~i" . ~ WITNESS my he~d~ ~ ~ State last aforesa~d th~; 6th da .ot Jul , - A.D., 19 ZQ_ . zc . w- N.k ~ s' / - ~ ' ,4'~~~~15~^. •SS~~~ Y ~i ~ ~ ~ .t1~ !`_;y~:i Notary Pu ~c ~ ~~YA'/ ~ ~:f ~"~S ~ B'J' ~11 ! ~GC ~ ~f ~ MV CO Si n ~xpirQS: ~n ~ S~~l.~Y Y+ S.1• F t ~A A? lA~^~E 4-6014-000-7 Rev. 8/77 OF~ ± Z"~• ~ t. E, t~=5 l.~' R ~6 1981 f ~~'T; "~!;7 1' Z t C; •~:o'f f~'1^'~'Y~ITFPS E. ~~~~v.en . s'>:, `,i ~ . .