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HomeMy WebLinkAbout0643 ~ DIRECT HOME IMPROVEMENT--- MOR~'~AGE - - 4ss~6z--- - _ - - - j ~ WITH FUTURE ADVANCE V THIS MORTGAGE, made this $3rd day cf August . A O . 19 79 , ~t~.. , 1Genneth L. Jason (Mortgagor) and Sun Hank of St. Lucie County lMorts~.el: INsms of Sun Bankl WITNESSETH, that Mortgage, for and in consideration of the premises and in order to secure tht payment of the principal and interest on the note Iss hereinafter detinadl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagse, its successors and sssigru forever, the following described real property in St. Luci@ County, Fbrida, to wit: kk r * E. Lot 1r Block 23' PINL1inOD~ according to the plat thereof, r• as recorded in Plat Book 5, Page 2~, of the Public Records of St. Lucie County, Florida. ' 199 AU6 Z4 p.M ~ Qp ~ Ep p t~" This is a Second Mortgage T ot= F LO R D A ~ o~ ~~sot~ °f TMxEs _ STAT - ~ ~ DOCUMENTARY~":;.~STAMP TAX 1 'ERSIIAIIi TO tflArTEa 71-t34• ACjS ~ _ c DEPT. OF REYENUE'r` j - ~ C It102 tt (hereinafter referred to as the Mortgaged Propertyl; end the Mortgagor does hereby fully warrent the title to the Mortgaged Property and wiil def end the same against the lawful claims of all persons whomsoever. _ PROVIOEO ALWAYS, that if Kenneth L. Jason ,the Makerls) of that (Insert Namelsll txrtsin promissory note dated the date hereof (the Notel, heirs, legal representatives or assigns shall pay to Mortgagee the principal win of S 10, 043. 24 ~ evideneed by the Note, with interest and upon the terms as provided therein, the final maturity date of the Note and of this Mortgage being August 22 _ tg 89 ,which Note provides that all instalknents of principal and 'interest are payable at the office of Mortgagee, err at wch other place as the holder may designsts in writing, and that each maker and erxbrser agree to pay all costs of collection, including a reasonable attorney's fee, upon default in the payment of the Note, and that if default be made in the payment of any installment thereunder and that it such default is not made good in accordance with the terms of the Note, that the entire principal win and accrued, earned merest shall become due and payable _ without_twtice at the_oRtiort-oilf!~_hQ~_Site?eQf;_and shall-perform and comply with each and_every stimulation, agreement and oov-__ 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 atterest and principal promptly when due. Mortgagor covenants to pay the taxes and assess- menu on said property; to carry inwrance against fire on the buikfirtg on said land for not less than S n~a ,approved by the Mortgagee, with standard mortgage bas clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the building on said land in proper repair. f This Mortgage shall secure not only existing indebtedness, but also such future advances, whether such advances are obligatory or I` 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 fi ~ if wch future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed at any f ~ ( ~ I time the maximum principal amount of $ n~a plus interest, and any disbursements made for the payment p ~ U of taxes, levies, or inwrance, on the Mortgaged Property, with interest on wch disbursements. Any such future advances, whether r 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 ~ I ~ any other notes secured by this Mortgage. This Mortgage is given for the specific purpose of securing any and all indebtedness by the I ~ ~ Maker to Mortgagee (but in no evept shall the secured indebtedness exceed st any time the maximum principal amount set forth in this ~ a ` paragraph) in 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 shall be applicable to all further advances made by Mortgagee to Maker under this ~ ~ future advance clause. ~ ! t~ r ~ O; w Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, if the ~ 't3 O Mortgagee, so elect, at once become due and payable and this mortgage may be toredosed, and all costs and expenses of collection and x reasonable attorneys' fees, including costs, expenses and reasonable attorneys fees on appeal, if collected by legal proceedings or C through an attorney at law, shall be pad by the Maker, and the same are hereby secured. ~Oi ~ IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. _ ~ ~ - to Sgn algid and delivered ~n o resent ~ (SEAL) (Mort r) (Mortgagor) , < f.vL. _ i i~~r ~ r STATE OF Florida 1 • ~ ~ ~ ' COUNTY OF St. Lucie ! ~ ~ t""t ~ rs_t ' _ •,-3' ~ ~ r ! ti / ale: i I HEREBY CERTIFY, that on this day, before me, an officer duly authorized rn the State a1or~~pS~~~~~fos to cake acknowl manta, y KeTlrieth L. Jason • ~ d ~f `~~~;~~'~`d 1 edg personal) appeared _ t0l~te a a. ~ z in and v:hp executed the foregoing instrument and he acknowledged befog ir`1s fF~it; WITN my hand and official seal in the County and State last aforesaid this _ j. _ Notary Public y~ CRY ~ ty,i ~ 4rs • Y L - ~ ' : _ PAGE My Commission Ex~ie~t~UMt;SIO~d E11i~ - aa~JK J ecx~oEO f;+R~ c>arr~..rvu itW,~. 4$Of 4000-7 Rev. f3/77 / ~ E..~,.. r.•.