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HomeMy WebLinkAbout0996 yl DIRECT HOME IMPROVEMENT ~ WITH FUTURE ADVANCE MORTGAGE ~ ~..t 45451 THIS MORTGAGE, made this su.L~ day of ~$ut3t , A.D., 18 , betwoen Join A. MonacA a~-~~ed adult IMortgagorl and Suz Bat11C Of $t. L~l]Cie Cannty (Mortgagee): INameof Sun Bank) WITNESSETH, that Mortgagor, for and in consderatron of the prsmises and in order to secure the payment of the principal and interest on the note tas hereinafter defined), Mortgagor hereby grants, auigns transfe}rs~and mortgages to Mortgagee, its wccessors and assigns forever, the following described real property in 'St• ~'~.r County, Fbrida, to wit: Lot 1, SII.VIIt I~:IQII'S SUBDIVISI~1, as per plat thereof reooriled in Plat Book 9, page 64 of the public records of St. Lucie Canty, Florida. 1919 AUG 10 AN 9~ 22 ~ U A ~~flA, RECE'lyEp ~ ~ IM PAYpEYT QIR T>U~ ~ P TRAS cue ar cuss •c~ I~I,uts~${S Pl:as~ P~ _ p. C(R FU:iSUlJ1i T) ItNT~ 71--..~ R~(S fif qn~' RECORO VERIFIED +t:~:q p;,Rye r~t:~ ~i CONRi, tT. LICE HA+ r...- • ~ 454521 5 p (hereinafter referred to as the Mortgaged Property); and the Mortgagor does hereby fully warrant the title to the Mortgaged Property :_.1 1 f f and will defend the same against the lawful claims of all persons whomsoever. PROVIDED ALWAYS, that if JOtn A rb!<taCO ,the Makert3l of that i~~.•~`+ (Insert Namelsll i y ~ ; a+rtain promissory note dated the date hereof (the Hotel, ~--4 hews, legal representatives or assigns shall pay to Mortgagee - ~ the principal wm of S 2.052. as evidenced by the Note, with interest and upon the termsasprovided therein, the final o. v~L o maturity date of the Note and of this Mortgage being l-7 , 19 ;which Note provides that gages, or at wch other place as the holder may designate in I ~ ~ "~C_. ? ~ ~ all installments of principal and interest are payable at the office of Mort .__,.,,,w ~ writing, artd that each maker and endorser agree to pay al! costs-of collection, including a reasonable attorney's fee, upon default in the t '`yr ~ !1{I Payment of the Note, and that if default be made in the payment of any installment thereunder and that if wch default is not made . r good in accordance with the terms of the Note, that the entire principal wm and accrued, earned interest shall become due and payable ' - d _ without notice at the option of the holder thereof; and shall perform and comply with each and every stipulation, agreement and cov- j • ~ ~ ~ errant of tlrie Note and of this Mortgage, then this Mortgage and the estate hereby created shall be vod, otherwise the same shall remain '~'t'll''~ in full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess- ~ ~ ~ ~ marts on said property; to carry inwrance against fwe on the building on said land for not less than $ ~]f a ,approved by the Mortgagee, with standard mortgage bss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the _ _'3GI£ bu~kding on said lard in proper repair. - - ,,,,:NIY ~ This Mortgage shall segue not only existing indebtedness, but also such future advances, whether wch advances are obligatory or i . to be made at the option of Mortgagee, or otherwise, as are made Yyithin twenty 1201 Years from the date hereof, to the same extent as ' if wch future advances were made on the date of the execution of this Mort ~ gage, but wch secured indebtedness shall not exceed at any g ~ ! time the maximum princ~al amount of S a plus interest, and any disbursements made for the payment ! o I of taxes, levies, or inwrance, on the Mortgaged Property, with interest on wch disbursements. Any such future advances, whether i _ obl for or to be made at the option of the Mort ~ ~ ga y gagee, or otherwise, may be made either prior to or after the due date of the Note or ! a ~ any other notes secured by this Mortgage. This Mortgage is given for the specific purpose of securing any and all indebtedness by the w ; _ Maker to Mortgagee (but in no event shall the warred indebtedness exceed at any time the maximum principal amount set forth in this ~ paragraph) in whatever manner this indebtedness may be evidenced or represented, until thrs Mortgage is satisfied of record. All cove- cn ~ rants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this ~ future advance clause. f- z Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, if the Mort e, so elect, at once become due and j gage payable and this mortgage may be foreclosed, and all costs and expenses of collecuon and reasonable attorneys' tees, including costs, expenses and reasonable attorneys" fees on appeal, if collected by legal proceedings or through an attorney at taw, shall be paid by the Maker, and the same are hereby secured. Z ~ . tN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. T ~ , ~ Signed, sealed and delivered _ ~ ~n our resencg: J- ~ ~ (SEAL) ; / • J ~~ortgagor) Giir~ r ~JLit/~- ` ISEAI_I (Mortgagor i STATE OF ~'jOrj~ 1 COUNTY OF$t, L11~ie i _ 11 +~~.:.i,~ I 1 HEREBY CERTIFY, that on this day, be(oiV• , ~n bttta!r duly author:ed an the State aforesaid and m the County aforesad to take acknowledgments, personally appwral ~ to me known to be the pe.son described rn and who executed the foregoing irutrutYter?~ 0'b ~ ~ i•-• edged before me that ~ exea?ted the same. ~.~('©n acknowl WITNESS my hand and offiaal se+l ti?th~Mi1>~ iaS esaid thn day of tottnt , A.D., 1974•--- • _ ~ / _ (tA1t~e'yPubli B~t'~/~ ~ ''p....~ 11~Qpmm~ssan Exp~res:,,r . • ^t? 11aLIC S1A1! Of 11000A AT ~/1~ Jj ••~YL6..tG•'``r - !Nr CQMtMfSSiON tiXfIRES OEC. 3 1982 4.8014-0047 Rer. 8/77 ialf~ 111 t~'l~.Al ~i. {~WZ~>iRi