The URL can be used to link to this page

Home My WebLink About2504 + ~sitr• DIRECT HOME IMPROVEMENT MORTGAGE 45"x'344 ~ / WITH FUTURE ADVANCE THIS MORTGAGE, made this 31st ~y of AuquSt A.D., 19 79 ,between' Norman B. Mayer and Elaine 8. Mauer, his wife IMortgagorl and Sun Bank of St. Lucie County MMortgagee?; (Name 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 note las hereinafter definedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and assigns forever, the folbwing described reel property in St. Lucie County, Fbrida, to wit: Lot E, Block 9, QUEENS COVE UNIT 1, according to the Plat thereof recorded in Plat Book 11, Pages 12A, 12B, and 12C St. Lucie County, Florida, public records. ~ ~ ~ ~ ~ F~= LO R I ~ _ STAMP TAX I ~OCUMENTARY..~- , )E~T.OF REYENUE :Y ~9 1 2.7 5 t rl?n2 THIS IS A SECOND MORTGAGE 1919 SEP -5 PM 2~ 4 S I f ~E~O Alip FECOtiQEO RDCLIMEO ~ PAYMENT ~ TAXES S~ I,IJCIE CO~~Y.FLA. DUE ON Cl11SS 'C' INTAN6'BLE PFltSfiNJIL PROPEIITYt _ ` ROfiER PO RAS PDASUMT TO ..1t~PTEZ n-.-~. Acts of 1911. ~ CLERK CDiCU1T C T Ro6EQ PCITRAS RECOROiIERIf1E0 CLI;JIK CIRCINT COST, iL 1~ ~e ~r ' 8 45'344 (hereinafter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby fully warrant the title to the Mortgaged Property _ _ _ . _ and wip_defend the same against the lawful-claims of all persons whomsoever. PROVIDED ALWAYS, that if Norman B. & Elaine B. Mayer ,the Makerlsl of that (Insert Name(s11 certain promissory note dated the date hereof (the Note1, their heirs, legal representatives or assigns shall pay to Mortgagee the principal sum of S 8 r 437.63 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 August 30 , 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 wch maker and endorser agree to pay all costs of collection, including a reasonable attorr?ey's tee, upon default in the payment of the Note, and that if default be made in the payment of any installment thereunder and that ii wch default is not made good in accordance with the terms of the Note, that the entire principal win and accrued, earrxd interest shall become due and payable without notice at the option of the holder thereof; and shall perform and comply wrth each and every stipulation, agreement and cov- anent 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- menu on said property; to carry insurance against fire on the building on said land for not less than S n~a ,approved by the Mortgagee, with standard mortgage bss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the budding on said lard in proper repair. j This Mortgage shall secure not only existing ~rdebtedness, 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 (201 years from the date hereof, to the same extent as C rf wch future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed at any a ~ ~ ; U Ume the maximum principal amount of S II~a plus interest, and any disbursements made for the payment ~ ( of taxes, levies, or insurance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether , .,i I 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 ~ any other notes secured by this Mortgage. This Mortgage is given for the spetrfiC purpose of securing any and all indebtedness by the ` f] Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time the maximum principal amount set forth b this ~ paragraphl in whatever manner this indebtedness may be evidenced or represented, until this Mortgage is satisfied of record. All cove- i i ~ Hants and agreements contained m this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this ~ future advance clause. O; w z `O~ O Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, if the ~ Mort so elect, at once become due and payable and this mat ma be foreclosed, and all costs and ex erases of collection and ~ O! X 9agee. 9~ Y P ~I ~ reasonable attorneys' fees, including costs, expenses and reasonable attorneys' fees on appeal, it collected by legal proceedings or ~ through an attorney at taw, shall be pad by the Maker, and the same are hereby secured. b~ ~ IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. ~ Signed, seal and delivered ~n our pr race: O (SEAL) (Mortgagor 1 $ ~ >~4= _ , .it.r 1 (SEAL) r - (Mortgagor STATE OF Florida 1 - ~ g~ 1 • , ; . COUNTY OF St. Lucie 1 _ ~ ; ~ ~ ff C ~ t =a s, ' T 1 HEREBY CERTIFY, shat on this day, before me. an o~f`~I;defrey~e7l,~in ilia State aforesaid and rn the County aforesaid to take acknowledgments, personally appeared Nor><aati g~ ~52~'~'; g~yeYto me known to be the person described A~ • .n and who executed the foregoing instrument and •t~~~i~_' aCal~wt ~ '~efOre me that they executed the same. WITNESS my hard and otf~aat seal m the Countyiand Sate J~SF a lli9 •q ~ 1st d y of August , a.D., 19 ~ - ~ ~'fa1Y CAr~trr+:fsib~~xp+~'- = ~~~z~r•~ r; . X315 X2499 _ ~ z~ 4-6014~~-7 RIV. s/77 ~ p,1: .,e = -..i~, It+a - ~ E.ecuu.e V.ra