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Home My WebLink About1751 ~iRECT HOME IMPROVEMENT MORTGAGE YVITH FUTURE ApV4N('~~ 451;~15 THIS MORTGAGE, made th~s ;~th - daY oi July A U. 19 79 • ~etwee^ James W. Gard and Tuoi Tui Gard j his wife IMorigagor) a~a Sun Bank of St. .Lucie County IMo+~9a9ee1:. ~Name of Sun Bank~ WITNESSETH, that Mortgagor, tor and m considerat~on of the piem~ses and m order to secure the paymen! ot the pnncipal and ~nterest on tha note (as here~naiter de~~~edl, Morigagor hereby grants, assigns transfers and mortgages to Mortgapee, ~ts successors and St. Lucie ass~y~s (orever, the followmg deunbed roa1 property in County, Fbrda, to wit: From the point of intersection of the North line.,of the S 1/2 of the NE 1/4 of the SE 1/4 of the NE 1/4 of SEction 18~~ ToMmshi,p 35 South~ Ranqe 40 East, and the West right of way line of the Hartman Road;~ run South ; along the West riqht of Way line of the Hartman Road 389 f~et for a s point of beqinnings fran said point of beginning, run Westr parallel ~ with the North line of said S 1/2 of the NE 1/4 of the SE~1~4 of the NE 1/4 w of SEction 18, Township 35 South, RAnge 40 East, 120 feet~ thence ~ run South parallel with the West right of way line of said Hartman z Road 70 feet, thence East; parallel with the North line of the said a f S 1/2 of the NE 1/4 of the SE 1/4 oP the NE ~1/4 of SEction 18~ To~rnship 35 ? z ~ South, Range 40 EAst, to the West right of way line of said Hartman Road, ~ 7 thence North along said West right of way line 70 feet to the point 0 o of beqinning. 0 451315 z " ~ R~ O , g I ~ Q : IN PAYAt.'1T OF TAJ(ES ~ ~is is a secona Mortgageoj~ 5~~~ ~ 2, 04 aL~ QH c~ass ~c~ ~Kr:,::~ ~LF FF':,Gti'-L pRuPEkiY, a ~ PURS~it.lfT 70 iit.i'Ti :)1-1~4, ICTS OF 197 ~r . 1' _ ~ ~ Q L:U _ FI~fD AKL` kECOkuzO R~i:R F~1T;,/lS :n a -'i~_~ ~ SLLUCIE COUNTY.FIA. QiII~ t7~@T COURi, Si. lUi:1E CO ~ t~i; ~;L.~ ROGER POITRAS y~ ~ CLERK Clr^.CUtT CaqlJRTO~.~ c~,~ r: r'2-~ (here~nafter referred to as ihe Mortgaged Pro~~t~~~dctAerMortgagold~es hereby tully warrant the Utle to the Mortgaged Property r .-~m a~d will defend the same agamst the lawtul clauns of ali persons whomsoever. Q 4?'n James W. & Tuoi Thi Gard ~ PROV IDED ALWAYS, that ~f , the Maker(s! of that z t:'~~ [Insert Namelsl) -9~^ ~ ~ t.,'~ certain promissory ~ote dated the date hereof Ithe Notel, their he;rs, legat representat~ves or ass~gns shall pay to Mortgagee v s~!.•Y'~.' , ~ ( 5, d06.6~ ~ p _ + the prmcipal wm of $ as ev~denced by the Note, with mterest and upon the terms as provlded~therem, the (~nal ~ t=~=_•:' Jul 16 85 ~ j t t f ~ i~ ~turlty date oi the Note and oi th~s Mortgage being y . 19 , which Note prov~des that Q ~!T : all lnstallments of princ~pal and interest are payable at the otfKe oi Mortga9ee, or at wch other place as the hotder may des~9nate in ~ ~ writmg, and that each maker and endorser agree to pay all costs of collection, inctuding a reasonable attorney's tee, upon defauli in the J' ~ ~ payment of the Note, arxl that it de(ault be made in the payment of any mstallment [hereurxler and that ~1 wch detault is not made N good m aceordance with the terms o~ the Note, that the entire pnnc~pal wm ar?d actrued, earned lnterest sha11 become due and payable ~ 1~ without notxe at the optio~ oi the holder thereof; and shall per(orm and comply with each and eve.y shpulat~on, agreement and cov- ~ ~ enant of the Note and oi this Mortgage, then this Mortgage and the estate hereby created shall be void, otherwise the same shafl rema~n r' m tu11 torce. Maker covenants to pay the mterest and principal promplly when due. Mortga9or covenants to pay the raxes and assess- ments on said property; to carry insurance agamst fire on the bu~ldmg on sa~d land for not less than n~a , approved by the Mortgagee, wlth riardard mortgage loss clause payable to Mortgagee, the po~~cy to be held by the Mortgagee and to keep the ~i buddmg on sa~d land in proper repair. j TMs 1~lortgage shall secure not onfy existing indebtedness, but also wch future aJvances, whether such advances are obl~gatory or ~ ~ ~ ~ to be made at the option of Mortgagee, er otheiw~se, as are made w~th~n twenty 120) years frcm the date hereot, to the same extent as p ~f wch future advances v~~ere made on the date oi the execut~on of th~s Mortgage, but such secured indebtedness sha11 not exceed at any ~ ~ ; U t~me the max~mum pr~nc~pal arnount of $ n/a plus mterest, and any d~sbursements made tor the payment ~ _ i~ of taxes, tev~es, o. inwrance, on the Mortgaged Property, with interest on such d~sbursements. Any weh future advances, whether !~V oblgatory or to be made at the opt~on of the Mortgagee, or otherw~se, may be made e~ther prior to or afte? the due date of the Note or ~ D any other notes secured by thK Mortgage. Th~s Mortgage K grven for the speaf~c purpose oS securmg aoy and a11 mdebtedness by the ~t Maker to Mortgagee (but in no event shatl the secured indebtedness exceed at any ume the maxlmum principal amount set forth in th~s ~ ~ - paragraph) in whatever manner th~s indebtedness may be ev~denced or represented, until this Mortgage is sat~si~ed of record. All cove- ^ ~ nants and agreements conta~ned in th~s Mortga9e shalt be app~~cable to all further advances made by Mortgagee to Maker under thn ~ ' tuture advance clause. ~ G w '~i O ~ z~ Should any oi the above covenants be broken then the Note and all moneys secured hereby sha11, without demand, it the gagee, so elect, at once become due and payable and th~s matgage may be foreclosed, and all costs and expenses of collect~on and 'x Mort - '~0 reasonable attorneys" f~s, ~ncludmg costs, expenses and reasonable atrorneys' ~ees on appeal, ~f collecte:i by legal proceedmgs or ~ through an attorney at law, shall be pa~d by the Maker, and the same are hereby sec~red. 7 ~ ~ gago gage as of the date f~rst above set forth. ~ IN WITNESS WHEREOF, she Mort r has executed th~s Mort S~gned, sealed and delrvered / m our r se ~ ~ ~:l~7~%EL- t_- ~ /Yi!' (SEAL) ~ ' / f ~ IMortgagor) § ~ ~ ~ ~^~/f'~-,"~ 1, j~f~~~~L ISEALI ~ - (Mor tgagor ) ~ STATE OF F10Yldd ? ~ } St. Lucie ? ~ ~ COUNTY OF F,- r+ 1 ~ . ~ ~ 1 HERE~+Y"~~1~Y,t3rat on th~s day, before me, an oft~ce. duly author~red m the State aforesad and m thc County aloresa~d ' ~ ,7alnes W. & Tuoi Thi Gard Y to take act~Qw ents, ~`/sonally appeared - to me known to be the pe.son descr~bed ~ In and wlfo exec~~t?~~reyomg ~nstrument ancl they acknowledged Geiore me that the exe ted the same. j~) ~ WI ~ /?U( I~iand~nd offKwl seal ~n the County a~d State last aforesa~d ~h~s day f , j y' ~ A.0..19~~ `V ; l ~ C~~ ~ , . ~ ~ ,~fr••..= 5, . No~Publ~c ~ , ~ - . MY Comm~sswn EMpKQZ _ _ _ ` "~~12 17~9 ~ ~ ` 4 6014000•7 Rev 6/7~ ~(rJI(• PaG~ • : E.K «~o..,, ° . _ - - _ _~.~s