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DIRECT NDME IMPROVEMENT MORTGAGE ~~~56487 ~ ~
WITH FUTURE ADVANCE 71~'
24th August 79 I
THIS MORTGAGE, made this day :.t . , A.D., 19 ,between' ~
James Roy Albritton and Iva Jeanne Albritton IMortgagorl and
Sun Hank of St. Lucie County IMortgagee)•
(Name of Sun Bank) ,
WITNESSETH, that Mortgagor, for and in consideration of the premisst and in order to secure the payment of the principal and
interest on the note las hereinafter delinedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and
auigns forever, the tolbwing described real property in St. Luci@ County. Fbrda, to wit:
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The South 19 feet of Lot 2, all of Lot 3 and the North 26 feet of -
Lot 4, Block 5, MARAVILLA PLAZAa a subdivision according to the
plat thereof recorded in Plat Book 5, page 44, of the Public
Records of St. Lucie County, Florida.
STATE flF= FLt~F?IDA~~
DOCUMENTARY STAMP TAB'. ~
DEPT. OF Rf:YEhl!£ • `
= PIS _ :u>i~~si~_, ~ 10: 2 0 1
THIS IS A SECOND MORTGAGE
45648'7
1919 AUK 28 l~ ~ ~9 3.1---~'~--'" "'~"'Exr o~ ~cEs
~ 011E oll CLASS 'C' 111 fAfiG'BLt: PERSfNAL PEOPEf1iY,
PIIRSUANt TQ flAPif": 71- ACTi Of 1171.
tF t1t1iL' / ROCER POiTtUt
~~~as _ ~E11( pRRlII ~ st uaE ere
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1tECORD VERIFIED
(hereinafter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby fully warrant the title to the Mortgaged Property 1
and will defend the same against the lawful claims of all persons whomsoever. t
PROVIDED ALWAYS, that it Jafne$ Roy Albritton and IVa Jeanne Albritton ~ the Makers) of that
(Insert Namelsl)
certain promissory note dated the date hereof (the Notel, their heirs, legal representatives or assigns shall pay to Mortgagee
the principal sum of $ 6, 786.26 ~ 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 August 23 , 19 8'4 ,which Note provides that
all installments of principal and interest are payable at the office of Mortgagee, or at such other place as the holder may designate in
writing, and t?fat ~Ch maker and endorser agree to pay all costs of collection, including a reasonable attorney's tee, 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 such default is not made
good in accordance with the terms o-f the Note, that the entire principal win and accrued, earned interest shall become due and payable
without notice at the option of the hokder thereof; and shall perform and comply with each and every stipulation, agreement and cov-
. - enaM-of-the-Note and of`thirfiAortgage,-then this-Mort
gage and the estate hereby created shalf~e void; otherwise the same 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 sad property; to carry insurance against fire on the buikfing on sad land for not less than S n~a ,approved
by the Mortgagee, v+nth standard 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.
This Mortgage shall secure not only existing indebtedness, but also wch future advances, whether such advances are oblgatory or
Ij ~ to be made at the option of Mortgagee, or otherwise, as are made within twenty (20) years from the date hereof, to the same extent as
I ~ ~f wch future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed at any
F W U ~ time the maximum principal amount of S n~a plus interest, and any disbursements made for the payment
i ~ of taxes, levies, or inwrance, on the Mortgaged Property, with interest on wch disbursements. Any such future advances, whether r
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
~ U ( any other notes secured by this Mortgage. This Mortgage is given for the Spec~tiC purpose of securing any and all indebtedness by the }
a' Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time the maximum principal amount set forth in this ,
~a
T ~ paragraph) in whatever manner this indebtedness may be evidenced or represented, until this Mortgage ii satisfied of record. Ati cove-
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~ -Hants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this
~ to future advance douse.
_ i
z 'O~ O Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, d the
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O. x 9ggee, so elect, at once become due and payable and this mortgage may be foreclosed, and ail costs and expenses of collection and
a; f~ reasonable a[torneys' fees, including costs, expenses and reasonable attorneys tees on appeal, it collected by legal proceedings or
y,~ ~ through an attorney at law, shall be pad by the Maker, arxf the same are hereby secured.
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~ ~ ~ , IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth.
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I Signed, seal and delivered `
~ in our pre n f
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~ origagor) ~~~C~1/"'
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' ~ (Mortgagor) S
I ~ ~ r
STATE OF Florida 1 4
1 rl .
COUNTY OF St. Lucie 1 ='~i~"rrr~>~~!rr,
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I HEREBY CERTIFY, that on this day, before me, an W .au{Sbfr,~,~~}t1bgSt aforesad and in the County atoresad
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to take acknowledgments, personally appearedJalReB tt J r~NMr[~De~~ person described
~n and who executed the foregoing instrument and ackn ' re{~ tp~ theyexecuted the same.
WITNESS my hand and officwl seal in the County and • * day et August ,
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B~/X3~.5 PAGEZ008 " _t "t'~ r ' 1C S"ATt: f~ F•^~ *~.R-AT's~~Z r
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4-6014.000.7 Rev. 8/77 tr-_,:_f~i :t;Y:IG::~,,.Y f ~,..;.z~•:t=.:~1 E.RYrM~.fU