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HomeMy WebLinkAbout2828 • .t• ~ MORTGAGE ~I ~ - TH1S MORTGAGE, made this 10th day of August , A.O., 19 79 ,between Dorothy Holcomb Stephens _ _ tMortgtgor) attd Sun Bank of 8t. Lucie County (Mortgtgeel: 111111111,x„ C7(n lNama of Sun Bank1 ~ O WITNESSETH, that Mortgagor, for and in consideration of the premises and in order to secure the payment of the principal and o pi h interest on the rwte less hereinafter definedl, Mortgagor hereby grants, suigns transfers and mortgages to Mortgagee, its successors srd N liil °^(~D - St. Lucie auigns forever, the iolbwing described real property m County, Fbrida, to wit: <~Z~ N m~~m ,y SID ,J~ m~~ ~ Part of Lot. 16, being more particularly described as follows:- °=ti. ~ Beginning at the Northwest corner of Lot 1? of said Block 9, run i"~' tit•~ Northwesterly on a projection of the rear line of Lot-17 to the tnr ~ South line of Georgia Aveaue>r thence rwn .East along said South ~f~ D~` line of Georgia Avenue to the Northeast corner of said Lot 16, thence 3~ ~ run Southwesterly~to the Point of Beginnings ALSO, all of Lots 1?, ~ ~ ~ 18 and 19, -all im Block 9, BILTMORS PARR, according to the Plat N -~o e ;r thereo,` as recorded in Plat Book d, page 52, of the Public Records. ~ Z': of St. Lucie County, Florida. ~55'?38 (This is a second mortgage.) / 1919 Ate 21 AK ~ 37 ~ ~ t~ p ~p ~ ~ S IEtIC1E Cp~ Y~[,A. ~RSUAItT oT rNAptt;2Nn~ 4. µ~a OAF >,~~~t ~OGER PODS CLEF fZOtlq PoIiRAS Clef CUtCUIT COURT AMT, 3'>l, ~ ~J" >JtECORD VERIFIED - . (hereinafter referred to as the Mortgaged Propertyl; 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 DOrothy Holcomb Stephens ,the Maker{sl of that (Insert Nsmelsl) otxtain promissory note dated the date hereof (the Note1, her frexs, legal representatives or assigns shall pay to Mortgagee the principal wm of : 17, 420.09 ~ by the Note. with interest and upon the terms as provided therein, the final - maturity date of the Note and of this Mortgage being Allg ~ 9 r , 19 89 , whid+ Note provides that all instalknents of principal and interest ere payable et the office of Mortgagee, or at such other place as the holder may designate in writing, and that each maker end endorser agree to pay alt costs of collection, including a reasor?abk attorney's fee, upon default in the payment of the Note, srzl that if default be made in the payment of any instafiment thereunder and that if such default is not made good in aocordartce with the terms of the Note, that the entire principal sum and accrued, earned interest shall became due end payable without notice at the option of the holder thereof; and ,hall perform and comply with each and every stipulation, agreement and cov errant 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 wheys due. Mortgagor covenants to pay she taxes and assess- ' ments on said property; to carry inwrance against fire on the building on said land for not less than S ;approved by the Mortgagee, with standard mortgage bas Nauss payable to Mortgagee, the policy to be held by the Mortgagee and to keep the building on said land in proper repair. ` This Mortgage shall secure not only existing indebtedness, but also such future advances, whether such advantxs are obligatory or to be made at the option of Mortgagee, or otherwise, ss are made within twenty (20) Years from the date hereof, to the same extent as if wch suture advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed at any Y time the maximum principal amount of = NSA plus interest, and any disbursements made for the payment m E of taxes, levies, or insurance, on the Mortgaged Property, with interest On such disbursements. Any such future sdvarices, whether ~ gages, or otherwise, may be made either prior to or after the due date of the Note or obligatory or to be made at the option of the Mon C 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 principal amount set forth in this i paragraph) in whatever manner this indebtedness may be evidenced or represented, until this Mortgage is satisfied of record. All cove- cn pants and agreements contained in this Mortgage shaft be applicable to all further advances made by Mortgagee to Maker under this `t future advance clause. H Should any of the above coverwnts fx broken then the Note and all moneys secured hereby shall, without demand, it the 11' Mort so elect, at once become due and payable and this mat may be foreclosed, and all costs and expenses of collection and g 9agee. 9~ ~ reasonable attorneys' tees, including costs, expenses and reasonable attorneys" fees on appeal, if collected by legal proceedings or ~ through an attorney at law, shall be paid by the Maker, and the same are hereby secured. N IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. ~ ~ Sgrted, sealed and delivered t in our presence: ~ ~l a~ ~ ~ ~ ~ Wit; ~ _ ( ortgagor) (SEAL) ~#~y (Mortgagor) ' ` Blorida STATE OF 1 - 'r.' i, j~ St. Lucie ? t4 ~ ~ t ' ~ . COUNTY OF i ~.-,f - ~ HEREBY CERTIFY, that on this daY. before me, an officer duty authorized b the State aforesaid ~ aW,rllsai~ to take acknowledgments, personally appeared DOZO y HO1COlab ~'i'Dh.~B to me k Z in and who executed the for ~ sh@ edged before me that ~ + ego'ng instrument and acknowl ~ ~ . WITN~ my hand and official seat in she Coumy and State last aforesaid this 10th ~ . ~ ;•>w Notary Public ~ MY Comm~ssgn E~li~y a M' ~ St ; a~(114.000-7 Rev. 8/77 ~O~~r~~~ cc~~MM~~cc~~ tr'~OtD ir1RV ~ i ~ P~iGE G+(711 .