HomeMy WebLinkAbout1750 01RECT HOME IMPROVEMENT MORTGAGE 4d131`.~ F
WITH FUjURE ADVANCE
THIS MORTGAGE, made ~h~s 9th ctav o~ _ 'JUl-~- . , A.D., 1979 between ~
Salvatore Patti and Cecelia Patti, his wife _ _~Mo,~9~,~ a,x, '
o, t cie Lmty iMa„~?:
lNameol Sun Bankl
WITNESSETH, that Mo~tgayo~, lor and m conside~at~on of Ihe prem~ses d~d ~n o~der to srcwe the payment ol Ihe p~~nupal and
~nterest o~ the note (as he~e~na~ter det~nedl, Mortgagor hereby giants, au~gns transle~s and mortgages to Mortgagee. ~tssuctessorsand
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ass~g~s forever, the follow~ng descr~bed real prope~ey ~n St. ~,LICle Coun~y, Fbr~cia, to w~t:
Lot 21, Block 567, Port St. Lucie, Section 13
according to the plat thereof, as recorded in Plat Book "
13, pages 4, 4A through 4M, of the Public Records of
St.~ Lucie County, Florida.
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fILLO AKC F~CUtciltU 1 RECEfYEO s
I~B~ . I I r p~ PAy1dfMT Of TA7IES
ST.LUCIEC~UNTY.FLA. '~7 DG: OV C!'S; •C•
fMTAM6:9LE P~:~^;;i.~l pZpFEBTY~
ROGER f OITRAS
CLERK CIRCUIT COl'~2T t~':~=,:H: T.: ~.;?TcR 71-t3t, ~CTS OF 18Ii.
,~~y~- k;:~ER fGR~
~:_Cr~?~ CLCRic n.tCtilT COY~T~ SL WC~E p~. R~~
451314
(here~natter referred to as the Mortgaged Propertyl; and the Mortgago~ does hereby tully warrant the t~tle to the Mortgaged Property
and wul detend the same aga~nst the lawiul clauns of all persons whomsoevrr.
PROVIOEU ALWAYS, that if Salvatore and Cecelia Patti , the Makerls) oi that .
(Insert Namelsll
certam prom~uory note dated the date hereot (the Note1, their ~,~s, ~1 rep~esentat~ves or au~gns shall pay to Mortgagee
the principal sum ot s lO+~s3. 26 as ewdenced by the Note, with interest and upon the terms as prov~ded there~n, the f~nal
maturity date of the Note and of th~s Mortgage being JlllY 21 , tg , which No~e prov~des that
all installments o( principal and ~nterest are payable at the oifKe of Mortgagee, or at wch other place as the holder may des~g~ate in
vvrit~ng, and that ~ch maker arx! endorser agree to pay all costs of collection, ~ncludmg a reasonable attorney's fee, upo~-default ~n the
payment ot the Note, and that ~f defauit be made in the payment oi any installment thereunder and that ~t wch default n not made
gocxf in accordance with the terms ot the Note, that the ent~re principal wm and atcrued, earned interest shall beCOme due and payable
w~thoui not~ce at the option of the holder thereol; and shall pertorm and comply wnh each and every stipulatwn, agreement and cov-
e~ant ol the Note and o~ th~s ~dortgage, then this Mortgage and the estate hereby created shall be vo~d, otherw~se ~he same shall rema~n
m full (orce. Maker covenams to pay the mterest and pnncipal promptly when due. Mortgagor cover?ants to pay the taaes and assess-
menis on sa~d property; to carry mwrance against f~re on the bu~Id~ng on sa~d land tor not less than $ n~a , approvetf
by the Morigagee, w~th stancfard mortgage loss clause payable to Mortgagee, the pol~cy to be held by Ihe Mortgagee and to keep the
j buildug on said land m prpp~ repair.
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i Th~s Mo.igage shal~ secu?e not onty ex~st~ng ~ndebtedness, but also wch tuture advances, whether wch advances are oblgatory or
~ to be made at the option ot Mortgagee, or otherw~se, as are made w~ih~n twenty (201 years irom the date hereof, to the same extent as
( ~ rt wch future advances were made on the date oi the execution o( th~s Mortgage, but wch secured mdebteclness shall not exceeci at any
~ :V CO i t~me the max~mum pnnupal arnount of S n/a plus ~nterest, and any disbursements made ior the payment
_ ( oi taxes, tev~es, or ~nsurance, on the Mortgaged Property, wrth mterest on wch d~sbursements. Any wch tuture advances, whether
U~ obl~gatory or to be made at the opt~on of the Mortgagee, or othe.w~se, may be mode e~ther pr~or to or after tl~e due date ot the Note or
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% any other notes secured by th~s Mortgage. Thn Mortgage K 9WCf1 for the spEC~i~c purpose of secunng any and all ~ndebtedness by the
gagee (but in ~o event shall the secured indebteciness exceed at any t~me the max~mum prmc~pal amount set torth m ih~s
~ Maker to Mort
~ paragraphl ~n whatever manner th~s ~ndebtedness may be ev~denced or representecl, unt~~ th~s Mortgage ~s sat~si~ed of record. All cove-
LL ~ j nants and agreements conta~ned m th~s Mort9age shall be appl~cable to aU turther advances macie by MortgageP ro Maker uncle~ ~hn
V' ! future advance clause.
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~ ' y Shouid any oi the above covenants t~e broken then the Note and. all moneys secured he~eby shall, w~thout demarxf, ~f the
r^ { Mortgagee, so elect, at once become due arxl payabfe and th~s mortgage may be toreclosed, and atl costs and expenses of co~lect~on and
~ r; reasonable atto~neys' tees, mcludmg costs, expenses and reasonable attorneys' fees on appea~, A collected by lega~ proceedmgz or
~ CG i through an attorney at law, shall be pa~d by the Maker, a~xf the s~me are hereby secureA.
~ J I
~ C IN WITNESS WHEREOF, the Mortgagor has executcd th~s Mo~tgage as ot the dare t~~st above se+ Iprth.
I. Sgned,~Ral and de~rvered '
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~ in ur qr ce:
~ ' Y .
ISEAL!
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~ (Mort r)
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~ IMo. tgagor 1
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t STATE OF Florida ?
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~ COUNTY OF St Li1C1C ~
~ I NEREBY CERTIFY, that on th~s day, b@to.e me, an oihce. du!y author+red :n the State aloresa~d and ~n the County a~oresaid
to take acknoveiedgments, personalty avpaated Salv~tore Patti ~ Cecelia tBarfie~+own to be the person dexr~bed
~n a~d who executed the fo~ego~ng ~nstrum¢nt and wiey- acknowledged before me that t~ executed the same.
WITNESS my hand and off~c~al sesl ~n the County anQ Stitt ~att aforesa~d th~s 9th _ day ot July .
A.D.. 19 . -
. ,
i Notary Pu
, n~~ ~a~f Mv Com ~C STAT! O~ fIORiD~ A1 l-•.~ '
~ ~ ~OiMMKStON O~I~S OCT . ~0 ~9t2
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