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DIRECT HOME IMPROVEMENT MORTGAGE 4s~.s~a
WITH FUTURE ADVANCE
THIS MORTGAGE, made this 7th day of AuQUgt. , A.D., tf1 , bttweeo'
Phi lip Bedells and Dee M. Bedells his wife (Mortgagor) and
Sun Bank of st. Lucie County (Mortgageel~
lNameof Svn Bank)
WITNESSETH, that Mortgagor, for and in consideration of the premises and in order to secure the payment of the pr and
intarsst on the note (as hereinafter defined), Mortgagor hereby grants, assigns transfers: and mortgages to Mortgagee, its sutcespra nd -
assigns forever, the following described rest property in Qf - T•~sS,--; ~ County, Fbrida, it:
Dots ~,3 aid ~,4, aid paxt of I•at 12, N AS FOttiAWS:
Beginning at a point on the front sine of said Lot 7.2, which is 31.8 feet
Southwesterly and meastT~red along said front ],ine firom the point of inter-
section with the .line dividing Lots 11 and 12; hhence r1s? Southeasterly
to a point on the back line of said Ivt 12; which is 43,9 feet measured
along said back line from Lot 11; tt>ence run Slouthtiaesterly slag said
back line of Lot 12 to Lot i3; thesn~ce run Northwesterly slag the line
dividing said Lots 12 and 13 along South 8th Street, hence run North-
easterly slag South 8th Street to point of be~girning;
All being in Block- 22, PIl~AOD, as per plat tt~reof recorded in plat
book 5, page 24, of the public records of St. I~.1cie County, Florida..
~ 45i~~;523 ~ ~
`y'~ 1978 AllG .10 AM ~ 22 ouE~cuss~ 1.i~ t~s~ or t
~t+ FIIRSUMT TO 11APTiZ 71-~+4, ACTS O,F~1~.~.
Y. A. ClsitX Clpl~i CQ~i, i'~ ~ 6
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~ ? RfCORD~Y£RIFIED '
- _ Iherernafter referred to as the Mortgaged ropertyl; and the Mortgagor does hereby fully warrant the title to the Mortgaged Property S
and calif defend the -same against the lawful claims of alt persons whomsoever.
r. ~ to PROVIDED ALWAYS, -that if Philip Bedells and Dee M. Bedells ,the Makerlsl of that
t i ~ ~ (Insert Namelsll
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1~ certain promissory note dated the date hereof (the Notel,~eir heirs, legal representatives or assigns shall pay to Mortgagee .
10 860 62
i r ~ ~ • • the principal sum of S • • as evidenced by the Note, with interest and upon the terms as provided therein, the final ~
`i ~~f,~ maturity date of the Note and of this Mortgage being - 8~7 , 19 8 9 ,which Note provides that
all installments of principal and interest are payable at the office of Mortgagee, or at wch other place as the holder may designate in ~
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.X a writing, and that each maker and endorser agree to pay alt costs of collection, including a reasonable attorney's fee, upon default in the 1
~ 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 !
4 ~l~~ ti good in accordance with the terms of the Note, that the entire principal sum and accrued, earrred interest shall become due and payable
y1r without notice at the option of the holder thereof; and shall perform and comply with each and every stipulation, agreement and cov-
~L s errant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be void, otherwise the same shall remain
pay p p mptly when due. Mort r covenants to pay the taxes and assess-
•~.1 " 1111 in full force. Maker covenants to the interest and princi al ro gago
1l,_ ~ manta on said property; to carry rnsurance against fue on the building on sad land for not less than S nod ,approved
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17,~,};r{'t! by the Mortgagee, with ztand;,rd mortgage loss clause payable to Mortgagee, the polity to be held by the Mortgagee and to keep the
~I budding on sad land in proper repair. •
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This Mortgage shall secure not only existing indebtedness, but also such future advances, whether such advances are oblgatory or(
ro be made at the option of Mortgagee, or otherwise, as are made within twenty 1201 years from the date hereof, to the same extent as
rf wch future advances v+ere made on the date of the execution of this Mortgage, but such secured indebtedness shall rtot exceed at any
m ' ame the maximum principal amount of S Tl d plus interest, and any disbursements made for the payment '
C ~ of taxes, levies, or insurance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether ~
~ i oblgatory or to be made at the option of the Mortgagee, or otherwise, may be made either prior to or after the due date of the Note or
+ any other notes secured by this Mortgage. This Mortgage is given for the specific purpose of securing any and all indebtedness by the
Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time the maximum pnnupal amount set forth M this
paragraph) .n whatever manner this indebtedness may be evidenced or represented, until this Mortgage is satisfied of record. All cove-
n Hants and agreements contained in this Mortgage shalt be applicable to all further advances made by Mortgagee to Maker under this
future advance clause.
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Z .-f! \,I Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, if the ~
~ Mortgagee, so erect, at once become due and payable and this mortgage may be foreclosed, and all costs and expenses of collecUOn and
reasonable attorneys" fees, including costs, expenses and reasonable attorneys" fees eat, rf collected by legal proceedings or e
r-I through an attorney at law, shall be paid by the Maker, and the same are hereby red.
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- rd; ~ IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage of the date Lrst abo set nth.
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Sgned, sealed aril delwereo „
.n u esen e: n ~
ISEAL)
Be~Q~~l
r ~~EALI -
Dee M. Be~e~a~°sl
STATE OF Florida l
• 1 k
COUNTY OF $t. Lucie 1
1 HEREBY CERTIFY, that on this day, before me, an ofl~cer duly aurhonzed rn-the Srate aforesaid and in the County aforesad
to take atk~ledarsients, personally appeared Ph111Q Or Dee Bede113J to me known to be the. persondescrrbed
rn and` Ip,;eltsot.rey t:At,foiegorng instrument and their acknowledged before me that their executed the same.
' 11~y ~'pftraal seal .n the County and Stat last aforesaid this 7~1 day Au Uf3t
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~1~Os• ~ ~ ~ Notary Public
. , a rL~~ My Commission Expues:
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