The URL can be used to link to this page

Home My WebLink About1752 DIRECT NOME IMPROVEMENT MORTGAGE ~V~316 WITH FUTURE ADVANCE THIS 1V10RTGAGE, made th~s lOth ciaY o~ July , A.D., 19 79 , betwee~ Paul G. Hillard, a single SdUlt IMo~tgagorl a~ Sun Bank of St. Lucie COUAt~I ^ (Mortgageel: ~ (Name o1 Sun Bank) WITNESSETH, that Mo~tgagor, tor and ~n cons~deraf~on ot the prem~ses and ~n order to secure the pdyment ol the pr~ncipal and ~~terest o~ the note (as here~na~ter del~nedl, Mo~tgagor hereby g~anStass~Sns trie (ers a~+d morigages io Mo~tgagee, ~ts successors and ass~9ns forever, the follow~n9 descr~bed rea~ property m • LUC - County, Fbr~da, to wrt: Section 10, Township 36, Range 38, From NE Corner of Sec run W 50' to W RfW Ideal Holdiug Road, th S along R/W 707' for POB, th cont S 289.55' M/L, ~ th N 89 Deg. 25 Min. W 600.25' to a pt on W line of E~ of NE of N8 th N to a pt 707' S of N Sec line, th B 11' to N Sec Line to POB, as recorded in the Public Records of St. Lucie County, Florida. `~F r1 , ~ S~TATE Ft_~?,~--- DO~UMENTARY 5 T <.,+J; "r_ t: } ~ :)2.Pi. u~ k~VENtft-'`t T',-''.. ~ - = JUL t2'T9 ~~.ia~z 0 6: 9~ 0 1 . ~g ~~''..y_.t~ ' 451316 ~is is a Second Mortgage RECEryED s IN PAYTlFNT OF TAXE$ OG= Oti CLASS 'C' IYTdi+6'fl!£ PFf::B:t~l PP,O?ERTr. ~`~i9 ,n1 12 P~+ 3~ Q~ Fi~Si;„!IT TO CIi;pTf~: ~~.,>~s, ~CTS Qf 1971, G~ C ~~K q~CWT COUiT, SL LUGE t~,~ ~ fILEO A~L' F:GOR+~:.~ rr S RpGER POITRAS~~ ~ . CLERK CI~CUIi CO~~ • s ; ~C°~':EPIf:f^ Ihere~nafter reterred to as the Mortgaged Prop~ty?; and the Mortgagor does hereby tully warrant the t~t1e to the Mortgaged Property and wiH detend the same against the lawful claims of a11 persons whomsoever. Paul G. Hillard PROVIDED ALWAYS, that if , the Maker(s) ot that (Insert Name1s11 his ~ certain promiuory note da the te hereof (the Note1, he~rs, ~ega~ representatives or ass~gns shall pay to Mortgagee 4, ~4 . S~ the principal sum of $ as ewdenced by the Note, with mterest and upon the terms as provded there~n, the final maturity date oi the Note and of th~s Mortgage bem9 July 16 , 19 84 , wh~ch Note provides that all installments oi princ~pal and interest are payable at the otf~ce ot Mortgagee, or at wch other place as the holder may designate m writing, and that each maker and endorse~ agree to pay a~l costs of collection, includ~ng a reasonabte attcrney's tee, upon detault m the payment of the Note, and that if default be made in the payment af any installment thereunder and that i( wch defautt is not made good in accordance with the te~ms of the Note, that the ent~re prinupal wm and accrued, earnEd interest shall become due and payable without notice at the option ot the holder thereoi; and shail pertorm and comply w~th each and every stipulation, agreement and cov- enant of the Note and of thiz Mortgage, then this Mortgage and the estate hereby created shall be void, otherw~se the same shaU rema~n ~n full farce. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess- ments on said property; to carry msuran!~e against t~re oo the bu~fding on sa~d tand for not less tban S n~a , approwed by the Mortgagee, with stardard mortgage loss clause payable to Mortgagee, the pol~cy to be hekl by the Mortgagee and to keep ihe ~'i ~ buddmg on sa~d land i~ proper repair. I . j ~ Th~s Mortgage shall secure not only ex~sUng ~~debtedness, but also wch future advances, whether such advances are oblgatory or ~ O to be made at the option o( Mortgagee, or otherw~se, as are made with~n twenty (20) years irom the date hereof, to the same extent as ~ U if such tuture advances were made on the date of the executeon oi th~s Mortgage, but wch secured ~ndebtedness shall not exceed at any ~ ~ ~ ume the maximum prmc~pal arrount of 5 n/a plus mterest, and any d~sbursements made tor the payment ! gaged operty, w~th mterest on wch disbursements. Any wch future advances, whetAer ` ~ of taxes, levles, or ins~trance, on the Mort Pr ~ ' oblgatory or to be made at the option of the Mortgagee, or otherw~se, may be made e~ther prior to or after the due date of the Note or g c any other notes secur¢d by th~s Murtgage. This Mortgage is grven tor the speclf~c purpose of secunng any and all mdebted~ess by ihe gagee (but ~n no event shall the secured indebtedness exceed at any iime the max~mum pr~nc~pal amount set forth th~s ~ Maker to Mort ` paragraph) m whatever manner th~s indebtedness may be evidenced or represented, untit th~s Mortgage ~s satisfied of record. All cove- :n nants and agreements conta~ned ~n this Mortgage shatl be applicable to all turther advances made by Mortgagee [o Maker under thK ~ ~ ~ future advance clause. G ! ? a; Should any o~ the above covenants be b~oken then the Note and all moneys secured hereby shall, w~thout demand, ~f the Z Mortgagee, so elect, at once become due and pavab~e and ch~s mortgage may be foredosed, and all costs and expenses ot cotlect~on and reasortable attorneys' f¢~s, ~nclud~ng costs, expenses and reasonable attor~eys' ~ees on appeal, ~i cotlected by legal proceed~ngs or : ~ through an attorney at ~aw, shalf be pa~d by the Maker, and the same are hereby secured. ~ M j Z j i ~ _ ! IN WITNESS WHEREOF, ihe Mortgagor has executed th~s Mortgage as o( 1he date i~rst above set forth. ~ ~ Sgned. sealed and delwered ~ mo ~ ~ ~ ~ ~ ~ ~--<~~`~~.1%~L~'~(L~ ISEALI ~ - _ / (Mortgagor) ~8 ~ _ _ ISEAU i (MOrlqdgOr ? r ~ / . x STATE OF Florida ? ! • COUNTY OF $t. Lucie ? - 4'.'. ~ • - t HEREBY CERTIFY, that on tY.~s day, before mep~uihcC=e: du~lr.pgtiraed ~n the State a~oresa~d and ~n the Coumy afo~esa~d t112..1. to take acknowtedgments, pe~sonally appPared to me known to be the person desc~~b~.'d ~n and who executed the forego~ng ~nstrument and he ' ` acy.now~edged beto~e me tnat he executed the same. WITNESS my hand and official seal ~n the Couniy And Stete latt id thu 10 ay o( July , A.D.. 19 . ' Notar Publ~c PdGE~, t~ MYComm~ss~on~xpires: , • f- . ~ 8~.. , . r a-so, e-oooa R~?. sm P.~, .