HomeMy WebLinkAbout2528 AIRECT HOME IMPROVEMEI~'cj 451854 ~ ~ ~
W ITH FUTURE A~VANCE MORTGAGE ~
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THIS MORTGAG , mad• th~s 13 day of July , A.U., 19 79 , betwee~ s
Louise ~nder, a Single Adult '
IMort9sqorl and ;
Sun Bank of St. Lucie County ~Mo~c~ee?; ~
(Nam~ of Sun Bank)
WITNESSETH, thst Mor[9apo~, for snd m cons~derahoo oi the prem~ses and m orde~ to secure the payment of the pnncipsi and ~
mter~st on the note (as herematter detmedl, Monpagor hereby grants, au~yns 1~anslers and mwigages to Mort9ap~e, its successors a~d :
St. Lucie `
auigns toreve~, th~ tollowing described real property ~n CountY, Fbrida, to wit:
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Lot 7, in Block 1, WILLIE JOHNSON'S S[JBDNISION,as per
plat of said subdivision recorded in Plat Book 8, page 46 `
public records of St. Lucie County, Florida.
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~ This is a First Mortgaqe `
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° ROGER PG~T~S
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~ (hereinafter referred to as the Mortga~ed Propertyl~ ~.~or~ ga~or_~Q~basaby tully warrant the title to the Mortgaged Property
> and wiil defend the same aga~nst the lawful clair~'s+0+'~~so~~ns
whomsoever. ?
PROVIDEO ALWAYS, that if ~u1Se Kinder, a single d(lUlt , the Maker(s) of that ~
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~ certain promissory note dated the date hereoi (the Note1, her heirs, legal representatives o? ass~9ns shall pay to Mortgagee
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p the pnncipal sum of S ~ as ev~denced by the Note, with interest and upon the terms as provded therein, the final
J maturity date of the Note and of this Mortgage bemg JUly 11 , 19 81 , Which Note prov~des that
all mstallments ot principal and interest are payable at the oftice oi Mortgagee, or at wch other place as the hotder may designate in
` writing, and that each maker and endorser agree to pay all costs of collect~on, including a reasonable atiorr?ey's fee, upon detautt in the
J~ payme~t ot the Note, and that if default be made i!? ihe payment of any instatlment thereunder and that ii wch detautt is not made ;
good i~ accordance with the terms of ihe Note, that the entire principal sum and aarued, earned interest shall become due and pay~le E
without notice at the optian of the hotder thereo:; and shalt per(orm and compty with each and every stipulat~on, agreement and cov-
enant of the Mote and oi this Mortgage, then this Mortgage and the estate hereby created sha11 be vo~d, otherwise the same shall remain
in full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess-
rt+ents on sa~d.property; to carry insurance agamst fne on the building on sa~d land for not less than a n~a , approved
by the Mortgagee, wrth standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the
, bu~ld~ng on said land in proper repair.
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4f ~ Th~s Mortgage shall secure not only ex~sting indebtedness, but also wch future advances, whether wch advances are obligatory or
~ ~ to be made at the option of Mo[tgagee, or otherwise, as are made w~thin twenty (201 Years (rom the date hereoi, to the same extent as
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U ~f such future advances were made on the date oi the execution oi this Mortgage, but wch secured indebtedness shall not exceed at any
' Y i~~ t~me the maximum prinupal arnount of 5 n~a plus ioterest, and aoy d~sbursements made for the payment
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I of taxes, levles, or ~nsurance, on the Mortgaged Property, w~th interest o~ wch disbursements. Any wch future advances, whether
! U obligatory or to be made at the option of the Mortgagee, or otherwise, may be made e~ther prior to or aiter the due date of the Note or
~,.aj any other notes secured by this Mortgage. This Mortgage is gdven for the specrf~c purpose ut secunng any and a11 ~ndebtedness by the
` Maker to Mortgagee (twt in no event shall the secured indebtedness exceed at any time the maximum princ~pal amount set forth in ihis
y~ . paragraph) m whatever manne. this indebtedness may be evidenced or represented, unut thls Mortgage is satisfied of record. All cove- .
~ nants and agreements contamed m th~s Mortgage shatl be appHcable to all further advances made by Mort9agee to Maker under thK
~ O tuture advance dause.
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z p; ,x Should any of the above covenants be broken the~ the Note arxf all moneys secured hereby shall, w~thout demand, ~i the
a: ~ Mortgagee, so elect; at once become due and payable arxl this mortgage may be toredosed, and all costs and expenses ot collect~on a~d
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reasonable attorneys' fees, ~ncluding costs, expenses and reasonable attorneys' fees on appeal, ~f collected by tegal proceed~ngs or
through an attorn2y at Iaw, shall be paid by the Maker, arxl the same are hereby secured.
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U~ IN WITNESS WHEREOF, the Mortgagor has executed th~s Mortgage as ot [he date (~rst above set iorth.
~ Sgned, sea arxl d vered
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~ (SEAL)
~ ~ IMortgagor)
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~ ISEALI
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~ STATEOF Florida ~ ~
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~ COUNTY OF St. Lucie ~~~(y ~ y'-,
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1 HEREBY CERTIFY, that on th~s day, bolb~nls, a.~~tce~:~luly authonzed ~n the S~ate aforesa~d and the Coun~y aforesa~d
to take acknowledgments, pefsonally appea~ed ~~is ~r to me known to be the person descnbed
; she
~ m and who executed the forego~n9 ~nstrument a~,a,r- ~~--scienowledged be(ore me that executed the same.
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• WITNESS my hand and otf~c~al seal in th~~ +~~i~iSta~t~a, y id this 13 day of `Tul ,
A.0.,19~-• H VaL
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; ~'yOtary Public
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