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Home My WebLink About2526 • i • ~ / F DIRECT HDME IMPROVEM~NT MORTGAGE ~5~5~ ~ WITH FUTURE ADVANCE THIS MORTGAGE, made th~s 13 ~y of JU1~? , A.O., 19 79 , between Jerome M. Pipitone and Patricia M. Pipitone, his wife 1Mo«9a~o~? s~d Sun Bank of St . Lucie COunty ' tMortsapeel: (Nameot Sun Bank) WITNESSETH, thst Mortqagor, lor and ~n cons~derat~on oi the prem~ses and in orde~ to secure tAe payment o( the pr~ncipal and mterest on th~ n~t• (as hereinstter detmedl. Mortyagor hereby grants, ~gns uan~ters a~d mortgages to Mor~gaqee, rts wccessors and ~t. Lucie suiqns (o~ever, the following desuibed real property in County. Fbrda, to wit: Beginninq at a point 289 feet South of.the NE corner of the NE ~i p.~" / of the SE ~i of Section 12, Township 35 South, Range 39 East, thence South 89 degrees and 29 minutes West 450,96 feet to the point of beqinninqf thence continue Nesterly along the same course 210.48 feet to a point on the West line Said NE~C of SE~ which point is 289.feet south i of the NW corner thereof, thence Southerly, and parallel with the . ~ ~ East line of said Section 12, a distance of 176.82 feetj thence Easterly and parallel to the North line of the tract hereby s a`~~~ ~ described, a distance of 210.39 feett thence Northerly and parallel ~ N to the East line of said Section l2, a distance of 176.82 feet o;~~ o to point of beginninq. ' ` i o` jv,{ R«»~ea • •~9 i~ ~er~+~t at.x.. w r: ~IS IS A FIRST MOR'I'GAGE Dus On Class ••C•• Intan~ibl~ Psrsonslprop~M ~ V ~ : i_~ ~ '1~ ~ • 1 u~: ~919 Jlk. I 7 P!! 2~ 8 °~~~,am To Chsptsr 71. ~ aa. of ~ a». Q , : R0~3ER POITRAS ~ w' A. 451852 FILEO AHO FCC~RJ~U Chrk Ci?~uif Court, S~ t.ucis. Cp.,~ ~ ~ ~ : ~~...z ST.ItlCIE COUHTY.FIA. a ~~Z,? ~ ROGER POITRAS = a i_ w, Y~ CLERK CtitCUlT CC/1~.G~v ~ ~ ' r~1. ~ # Q .y~,~. ;iti N F~c~:tD~ER1~;=^ ~ ~ s^ (herematter referred to as the Ma tgaged Property1; and he Mortgagor does hereby fully warrant the Gtle to the Mortgageti Prppetty N r,, i):~ and w~~l detend the same agamst the lawfut claxns of alFpersons whomsoevcr. T Q,'~~ ~~~~'~~f~<<~~ Jerane M, & Patricia M. Pipitone ~ ~ PROVIDED AI.WAYS, that if , the Maker(s) of that ~ z. ~ j Q' llnsert Name1s11 ' w . i j certain promissory note dated the date hereof (the Notel,their heirs, legal representaUves or ass~gns shall pay to Mortgagee : v =sr ~ ,:s. 3 400 41 ' ~ : t~ f11 ! the printipal sum of s ~ ' ~ as evidenced by the Note with interest and upon the terms as provided therein, the tinal ~ maturity date of t1~e Note and of this Mortgage being July l~i ~ , 19 82 , which Note prov~des that F ~ all i~s[atlments ot p~ancipat and interest are payable at the oifice oi Mortgagee, or at wch other plxe as the holder may designate in Q ~ writing, and that each maker and endorser agree to pay all cosis of collection, including a reasonable attorney's fee, upon default ~n the payment of the Note, and that if default be made in the payment of any i~stallment thereurder and that if wch de(ault is not made good in accordance with the terms ot the Note, that the entire principal wm and accrued, earned interest shall become due and payabte without ~otice at ihe option ot the holder thereof; and shall perform and comply with each and every stipulation, agreement and cov- ~ enant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shalt be void, otherwise the same sha11 rema~n in full torce. Maker cove~ants to pay the interest and principal promptly when due. Mortgagor covena~ts to pay the taxes and assess- ~ i • ments on said property; to cany ~nsu~ance agamst fire on the building o~ sad la~d for not less than $ n~a , approved ~ by ~he Mortgagee, wrth standard mortgage loss clause payable to Mortgagee, the pohcy to be held by the Mortga9ee and to keep the ~ j buifd~~g on said land in proper repair. ~ ~ ~ ` This Mortgage shall secure not only ex~st~ng indebtedness, but also such tuture advances, whether wch advances are obtgatory or ~ ~ to be made at the optlon of Mortgagce, or otherwise, as are made within twenty (20) years from the date hereof, to the same extent as i~ i ~ ~f wch (uture advanca were made o~ the date of the exectition uf th+s Mortgage, but such secured ~ndebtedness shall rat exceed at any ~ ! i ~ 0 time the max~mum principal arnount ot j n/a p~us mterest, and any d~sbursemems made for the payment ; j ~ U of taxes, levies, or inwrance, on the Mortgaged Property, with interest on wch disbursements. Any wch tuture advaoces, whether ' ~1 s i y oblgatory or to be made at the option oi the Mortgagee, or otherw~se, may be made either prior to or after the due date of the Note or ' i Q any other notes setured by this Mortgage. Thn Mortgage is grve~ for the specitic purpose of secunng any and all ~ndebtedness by the ga9ee (but in no event shall the secured indebtedness exceed at any time the rt?axlmum principal amount set forth in.th~s ~ ~ V Maker to Mort paragraph) in whatever manner this indebtedness may be evidenced or represented, until this Mortgage is satisfied ot record. All cove- + nants and agreements contained in this Mortgage shall be appl~cable to all further adva~ces made by Mortgagee to Maker under tha z future advance clause. ~ ~ z Ol w Should any of the above covena~ts be broken then the Note and alt moneys secured hereby shall, w~thout demand, ~i the ~ Mort e, so elect, at once become due and gage may be iorec~osed, a~d all costs and expenses of collechon and gage pay~te and th~s mpt ~ G.SC reazo~able attorneys' fees, ~ncluding costs, expenses and reasonable attomeyi tees on appeal, rf collected by legal proceedmgs or a; ~ through an attorney at law, shall be pa~d by the Maker, a~d the same are hereby secured. :n ~ pq z~! ~ IN WITNESS WHEREOF, the Mortgagor has executed h rtgage as ot the da[e (~rst above set forth. r ~ ~ ~ ~ - ti~l"'~' ~ ~ Sgned, sealed and delrvered ~ ~n o esen ~ ~ ~ 7 ~ ' - ISEAU ~ ~ (Mort, or~- ~ ~/T~,~1.~^ ~ iSEAI) (MortgagoyY h ~ ~ STATEOF Florida ~ I r , . ~ COUNTY OF 1 ~ + „ l ~ , St Lucie •s : f~~~~~~~.~. ' I HEREBY CERTIFY, that on this day, before me, an o(hcer duly author ~;+rr:th~.S1~1~~tiloresad and m the Cou~ty aforesa~d , ~i . . Jerome M & Patricia' to take acknowledgments, perspnally appeared • , to be the person descr~bed j ; m and who exewted the torego~ng instrument arxi they ~ ~_,1.~~~ ~hey e:ecuted the same. , ~ .6 'a;~fs , I WIT S my hand and othual seal ~he County and Seate last r ~h~S_ " ~ yot , ~ . A.U., 19 ~ . - -1. ~I . - ~ ~ • ~ ; . ~ ! No~ary Pubhc ~L.'.~R""~~ p''.-. ~ 8 l:l.l( j~..6~ Mv Commissw~+ i ~ ~ ~ N31~ ~ ~52~ . - - 4-6014-000-7 Rw 6/77 , - e.r~ ~e v.~ss ° ~ . _ ',1: • _