HomeMy WebLinkAbout2819 . r;:
DIRECT HOME IMPROVEMENT MoR-rcacE ~
WITH FUTURE ADVANCE 455730
' THIS MORTGAGE, madt this 15th _ ~y of August , A.D., 1979 ,between'
John 8. Clyatt and Gail H. Clyatt, his Wife
iMo•tgagorl' and
Sun Bank o St. Luce County
IMortgageal:
(Nsme of Sun Bank)
WITNESSETH, that Mortgagor, for and in consideration of the premises and in order to secure the payment of the principal and
interest on the Wort Ias hereinafter delinedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and
sttigns lorewr, the lollowing described real property in St. Lucie county, Fbrida, to wit:
Lot 3, 4 and the West 15 feet of lot 5 plus the East 7.5 feet
of the vacated alley ajoining on the West, FAIRWAY PARK
SUBDIVISION as recorded in Plat Hook 10, Page 62 of the
public records of St. Lucie County, Florida.
~~5?30
1919 AU6 21 AM g 30
This is a Second Mortgage~ i ~rr
cc~wc clr~cwt
~r
~ STATE ~ F F L O R i D ~ ~ °or~:rlEO.___..
w Mr~err or f
~Z :o UO~UMENTARl~~,ySTAMP TAB ~ DUE ON CIASS'C' ItlTAN6;a>;E PfRSBIfAL P~
c~ - rn DEPT. OF REVENUE t ~ ' PURSUANT TO HAPTE~2 71-i3ir ACTS ~ N~
= = auszl•~9 = ~ 15. 15 ~ ~c air eo~t PaTSSS
U - Pfi. , .
caoiT, sT. uc~t o0.1t~,
(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.
PROVIDED ALWAYS, that if John E. or Gail H. Clyatt ,the Makerls) of that
(Insert Narr?elsll
certain promissory note dated the date hereof (the Note), their heirs, legal representatives or ass rK shall
i9 pay to Mortgagee
the principal sum of $ 10, X43.24 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 AuquSt 14 . 19 89 ,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
writing, and that each maker and endorser agree to pay all costs of collection, includir?g a reasonable attorney's tee, upon default in the .
payment of the Note, and that if default be made in the payment of any installfnent thereunder and that if wch default is not made
good in accordance with the terms of the Note, that the entire principal wm and accrued, earned interest shall become due and payable
without notice at the option of 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 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-
i
ments on said property; to carry inwrance against fire on the building on said land for not less than $ Il/a ,approved
by the Mortgagee, with standard mortgage bss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep ifte
bu+ki+ng on said land in proper repair.
I ~
y~ This Mortgage shall secure not only ex+sting +rxfebtedness, but also wch future advances, whether wch advances are obligatory or
a 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
O rf wch future advances were made on the date of the execution of th+s Mortgage, but wch secured indebtedness shall not exceed at any
I ~ ~ U t+me the maximum principal amount of $ n/a plus interest, and any disbursements made for the payment
p ~ ~ of taxes; lev+es, or inwrance, on the Mortgaged Property, with interest on wch disbursements. Any such future advances, whether
T ~ U obligatory 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
aa] any other notes secured by this Mortgage. This Mortgage is given for the spec+fic purpose of securing any and all indebtedness by the
I ( Maker to Mortgagee Ibut in no event shall the secured mdebtedness exceed at any txrte the maximum principal amount set forth in this
~ paragraph! in whatever manner this indebtedness may be evidenced or represented, until this Mortgage is satisfied of record. All cove-
i~
~ ~ Vt Hants and agreements conta+ned in this Mortgage shall be applicable to atl further advances made by Mortgagee to Maker under this
~ ~Ii O future advance clause.
z O` x Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, if the
~ r7 C Mortgagee, So elect, at once become due and payable aril this mortgage may be foreclosed, and all costs and expenses of collection and
yj ~ reasonable attorneys' fees, mcludmg costs, expenses and reasonable attorneys fees on appeal, if collected by legal proceedings or
b~ through an attorney at law, shall be paid by the Maker, and the same are hereby secured.
s Z ~j ~
tn~ en IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth.
~ S+gned, sealed and delivered
m our p n e: -
~ ' ~ SSEAL)
~}y ~ (Mor r)
F " r~-~' ~ _ (SEAL)
(Mortgagor ~
P '
STATE OF F1Qrida 1 K~ . gip. ~ `
ri v.~ ~ ~'~>'k`. r
COUNTY OF St Lucie I ~ - ~ : ;
1 HEREBY CERTIFY, that on th+s da before me, ffi ~,f '
y, a~~o cei,~?aw6p1'fg M t State aforesaid and in the County aforesad
to take acknowl ments, ersonall aTOhI1t 4~,•~ai~``H;'~ ~ ~r r
ed9 P y appeared - ~ .fir..{~,T_ tp mq finown to be the person described
they . s r they
+n and who executed the forego+ng +nst?ument and dBi~flferl4gd belo e~fhaf executed t same.
' ;
WITr~,F~ my hand and off+c+al seal m the County! and~ltr~dF~tgi ~ foie day of ,
A.D., 19 ~ V
r 1 ~ •F
~-,vo~~y it r ; ` = ~ -
I,R314 2812 .fA -gip r~ - - - ~
d a.,. ifit~S:~ST~:'~ C)f Ft'`?"J~/li .
BGOK PAGE ~
4~8014.OOOJRav.8/77 ~ ,t~'(ci::?.ti;AfS`!oVL r'S t -:1 F.K~ .r.a