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Home My WebLink About0044 - - a.• DIRECT }10ME IMPROVEMENT MQRI'GAGE p _~Op OV W ITH FUTURE ADVANCE 45.-~24 ~ ~ a ~ ~j = THIS MORTGAGE, made this 131)1 da of ~ t~llUer _ • A.O., 19 79 • bbtween ZSCha T Jenkins, TII and Lynda H .~enkins= ,his ~e IMortgayorl and - _ O e ~`iOUn IMortgageel: t - [Name of Sun Bsnk] WITNESSETH, thaat 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 defined), Mortgagor hereby grants, Assigns transfers and mortgages to Mortgagee, its successors and i assigns forever, the (oUowirrg described real property in St. Lucle County, Fbrda, to wir Lots 21 and 22, Block 86, INDIAN RIVER-ESTATES, iMT 9, - according. to the plat thereof on file in Plat Book 10, page 74, public records of St. Lucie county, Florida. _ _ - STATE of FLUE-l~U~ i - - ~OCUMENTQRY STAMP TAX ~ )EPT.OF REVEfiUE ~ I - = Ps. = ScP2o~ts ~ i 3. s 5 i ' - 1919 SEA 20 A!i ~ 4 6 ~ pf,;~l«I~ ottals - tteoei~sa • FILED AggNO RECUt+Ut 0 _ V~ S ROG~IER POITRA~~~ ~ Due Aft CIEN "C" i'rp~~0~~' 3 ~ CLERK clRCUrr cnuRS p~l~u~m to ChapiK r. ts~i.I1M~0! tit. \ - RQ(;Ht ~ORwAs RECORD VERY tEO _ Ckeul! Cock ~ ~ ~ i ~6 45~~24 - (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 Iawfuf claims of all persons whomsoever. - PROVIDED ALWAYS, that if Zachary T Jenks III and Lynda H Jenkins ,the Makerls) of that [Insert Namelsl) - certain promissory note dated the date hereof (the Note, thelr heirs. legal representatives or assigns shall pay to Mortgagee - "the principal win of S 9 n29 - 35 as evidencecd~by, the Note; with interest and upon the-terms as provided therein, the final - maturity date of the Note and of this Mortgage being September 13 19 84 ,which Note provides that al! 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 that each maker and endorser agree to pay alf costs of collection, including a reasonable attorney's tea, upon default in the payment of tfre Note, and that~if default be made in the payment of any instalknent thereunder and that ii such default is-not made good in accordance with the terms of the Note, that the entire principal win and atxrued, earned interest shall become due and payable without rtoti:.e at the option of the balder 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 shat) be void, otherwise the same shall remain in full force. Nicker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess- ments on said property; to carry inwrance against fire on the building on said land for not less than s ~~a -.approved by the Mortgagee, with standard mortgage Ions clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the building on said land in proper repair. t - This Mortgage shall secure not only existing indebtedness, but also such future advances, whether wch advances are obligatory or - 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 if such future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed at any O time the maximum principal amount of S n!a plus interest, and any disbursements made for the payment o U of taxes, levies, or inwrance, on the Mortgaged Property, with interest on such disbursements. Any such future advances, whether ~ D3 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 tfrc Note or Q •rt any other notes secured by this Mortgage. This Mortgage is given for the specific purpose of securing any and all indebtedness by the y ~ Maker to Mortgagee (but in no.event shall the secured indebtedness exceed at any time the maximum~rincipal amount set forth in this a ~ ?-7 paragraph) in whatever manner this indebtedness may be evidenced or represented, until this Mortgage is satisfied of record. All cove- a ~ nanis and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this 2 }G C!) future advance clause. F- • ~ 4-t z Z O Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, it the u Mortgagee, so elect, at once become due and payable and tha mortgage may be foredosed, and all costs and expenses of collection and , ~ 3 C reasonable attorneys' teas, including hosts, expenses and reasonable attorneys fees on appeal, if collected by legal proceedings or U cc~~d through an attorney at law, shall be paid by the Maker, and the same are hereby secured. ' cn - ~ h IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. _ ? ~ T ~ - ~ Signed, sealed and delivered ~n pr2sen ~ ~ ' / .L - EAl) T J (SEAL) t t ST TE OF FLORIDA 1 - ~ ) _ - _ COUNTY OF $Z' LUCIE ? _ - Jr17, I ` HEREBY CERTIFY, chat on this day, t+efore me, an officer duly authorized in the State afor arYr.' iii Cotjriiy~ olaaid to take acknowledgments, persona?ly appeared T Jenkins III ~ L~ "To-me fs• ~'ibed - in and who executed the foregoing instrument and ~ acknowledged befora~tm, a that_ _ - ektcutad~t~ie• 13th fir, : f _ WITNESS my hand and official seal in-the County and State last id this " daY~~ ' " - _ Notary Pub '`t i.:S;1. ' - My Co ion xpi~r~s - - t annY.l~ DAfa: tic) -tr •rr .C S1A1E w At 1Ad