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Home My WebLink About1632 • c'. DIRECT HOME IMPROVEMENT MORTGAGE 454931 ~ WITH FUTURE ADVANCE THIS MORTGAGE, made this ~Oth day of Allftubt': , A.D., t9 1~ ,between Donald L. Osterman, a ~ single person (Mortgagor) era Sun Bank of St. Lucie County (Mortgsgee?: (Name of Sun 8snk[ WITNESSETH, that Mortgagor, for and in consideration of the premises and in order to secure the payment of tM principal and interest on the riots las hereinafter defined!. Mortgagor hereby grants, assigns transfers and mortgages to Mortgages, its wccessors and assigns forever, the following described real property in $.j' T.nrj,p County, Fbrida, to wit: Lot 9, Block 2, of PINBCR&ST ESTATES, U1dIT 1, as per plat thereof recorded in Plat Book 16, page 34 of the Public Records of St. Lucie County, Florida. i I 454931 W o - Z , c (This is a Second Mortgage) 199 AU6 14 PN 12 25 ' F pp~~ , ? o ~ cRASA. } o ti ~ STATE FLC~R!D~~I ~ c o ~9 _ \ ~ DOCUMENTARY,; STAM p ~ RECEIVED icy`"" - ' ~M PKYrENT OF TAXES- Q Li DErT. of REVEIV'UE : ~ , - DUE ON CLASS 'C' INTAN91tEE PERS/NAL PROP~RT~~ ~ ` K`~ Q = Fg. - "`"'fa-T9 [a~~ : ~ 5. ~ 5 ~ PURSUAIIi TU tic.YT:A 71-134, ACTS OP 191 Q m _ - ~,`;.`.~;f RCCEB p01TRAS ~ I CLERK C1~iCUli COUIi?r tT. 1901E OOp 1L~Ar , a v a (hereinafter referred to as the Mortgaged Property!: and the Mortgagor does hereby fully warrant the title to the Mortgaged Property > and will defend the same against the lawful claims of all persons whomsoever. Donald L. Osterman ,the Makerls) of that PROVIDED ALWAYS, that if z Unsert Name1s11 w ~ certain promissory note dated the date hereof (the Notel, hit: heirs, legal representatives or assigns shall pay to Mortgagee p the principal wm of s 10,,43 ~ 24 as evidenced by the Note, with interest and upon the terms as provided therein, the final maturity date of the Note and of this Mortgage being _ _ Sept' 9 , 1989 ,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 E writing, and that each maker and endorser agree to pay all cons of collection, including a reasonable attorney's fee, upon default in the payment of the Note, acid that if default be made in the payment of any installment thereunder and that if wch default is not made gtwd in accordance with the terms of the Note, that the entire principal wm and attrued, earned interest shall become due and payable without notice at the option of the holder thereof; and shall perform aril comply with each and every riipulation, agreement and cov- enant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be void, 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- ! ments on said property; to carry. inwrance againri fee on the building on said land for not less than s ~ ,approved by the Mortgagee, with riardard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the building on said land in proper repair. 1 This Mortgage shall secure not only exiriing indebtedness, but also wch future advances, whether such advances are obligatory or to 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 ~ if wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall rat exceed at any > o NA ~ ~ V time the maximum principal amount of s plus interest, and any disbursements made for the payment of taxes, levies, or inwrance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether 'y ~ ~ obligatory or to be made at the optbn of the Mortgagee, or otherwise, may be made either prior to or after the due date of the Note or C ~ any other notes secured by this Mortgage. This Mortgage is given for the specific purpose of securing any and all indebtedness by the w I Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time the maximum principa! amount set forth b this 7 s I paragraph) in whatever manner this indebtedness may be evidenced or represented, until this Mortgage K satisfied of record. All cove- t ~ a.i Hants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this Q -C' ~ future advance clause. - +~I w z c~1 ~ Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, if the I ,x Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and all costs and expenses of collection arxf ~ ~ reasonable attorneys" fees, including costs, expenses and reasonable attorneys' fees on appeal, ii collected by legal proceedings or r;~ ~ through an attorney at law, shall be paid by the Maker, and the same are hereby secured. in ~I z U) G 7 IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. •r. to = I , Sgned, sealed and delivered in our p nce: ISEALI • _ (Mortgagor) - (SEAL) (Mortgagor 1 STATE OF Florida 1 St. Lucie 1 COUNTY OF 1 " ""t' • ~ HEREBY CERTIFY, that on this day, before me, an officer duly authorized in the State aforesaxl ar~dN'~e~pt~afpresad to take acknowledgments, personally appeared Donald L. Osterman to me kno~if,~b"'ij~•.~ ~Aaq~rit`be. d t. .3? ? ~.L~i~t-s~ c i in and who executed the foregoing instrument and hP acknowledged before me that ~ tF~Ifrc. 10th • t : ~ i WITNESS my hand and official seal in the County and State last aforesaid this ~ NotaryPubbc NO7A~ s ?ll4t I C STATE Q~. ~1 My Commission ExptreMT COIyyylfjs~ E7~IRf~ Y ~,K 3~.4 PaGE l~~ THw cENeek IMS tJNOE)jWRli•ERS 460,4-000-7 Rev 6/77 ~:;•)K t..wi~...«. r;~~~ _ . _