HomeMy WebLinkAbout0046 DIRECT NOME IMPROVEMENT MORTGAGE ~ a~
WITH FUTURE ADVANCE
- THIS MORTGAGE, made .this 18~ deY of Se'Dtt~~er , A.D., 19 .between :
r~811k CiOy~El18 _ )Mortgagor) and
Star Rank of St Lucie C~otmty IMonga9ee): ~
- (Name of Sun Bank1
_ WITNESSETH, that Mortgagor, for erni in consideration of the premises and in order to secure the"paymant of the prirxipel snd
interest on the note (es hereinafter defined), Mortgagor hereby grants,- assigns transfers and mortgages to Mortgagee, its wccessors and
assigns forever, the following described real propc{ty in St. Lucie County. Fbrida, to wit:
Lot 8, Block 1, SUNNY AC.RFS S[1HDIVISION
according to the plat thereof on file in
Plat Book 8, page 25, of the public records
of St. Lucie County, Florida. - .
- ReoNvrtd • ~ d
~w On ~ "C" +rns ~ t 3/ Ta>l~
" ~ ~ 1319 SEP 20 A!! ~ ~6 ~ To -
x>.ano~ ~S~ Chapter 3t:_t~ A~ Of t!>h
;~~m ltf!as 3' F E Gk~COftutG ROGER
5~~op~8gtE000MTY.fLA. -
I 1 17 ~ 2 _ CLERK
c~iRCU°~
couRT Cecan Court, st, L~rq~ ~
~':l.lil{!~ 171 - 1LECDROVERIFIEO ~ _
- ~ ° ~ 45~982fi
<'Zf~Tt) (hereinafter referrerl_to as the Mortgaged Property); and the Mortgagor does hereby fully warrant the title to the Mortgaged Property
` o zlam and will defend the same against the lavvtut elairD.s of all persons whomsoever.
m~~ Frenic C~Pl18 ,the Maker{s) of that
f Q _ PROVIDED ALWAYS, that if _
i ~ (lnse:t Vamelsl)
certain promissory note dated the date hereof (the Note), h~ ~ heirs, legal reptesentatives or assigns shall pay to Mortgagee
2, 249.70
* the principal wm of S as evidaued by the Note, with interest and upon the terms as provided therein, the final
-~,r -
t t t DO maturity date of the Note and of this Mort'~age being 9-ig- , 19 ~-,which Note provides that
O 3 ~ all installments of principal and interest are payable a< the office of Mortgagee, or at wch other place as the holder may designate in
W ,r.4J~ writing, and that each maker and endorser agree to pay all costs of cdlection, including a reasonable attorney's tee,~rpon detain; in the
- f 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
-p. ~ -good in aceordarice with the terms of the Note, that the entire principal wm and arxrued, earned interest shall became due and payable
i'i $ without notice at the option of the holder thereof; and shall Rerform and comply with oedt and every stipulation, agreement and eov-
gage, then this Mortgage and the estate hereby created shall be void, otherwise the same shall remain
~ errant of the Note and of this Mort
in full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess-
" meets on said progeny; to cxry inwrance againsc fire on the building on said land for not less than S Il~a . approved .
by the Mortgagee, with standard mortgage bss clause payable to Mortgagce, the policy to be hekf by the Mortgagee and to keep the
biikling on said land in proper repair. -
This Mortgage shall severe not only existing indebtedness, but also wch 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 ind~tedness shall not exceed at any
~ time the maximum principal amount of S of S - plus interest, and any disbirsements made for the payment
~ of taxes, levies, or inwrance, on the Mortgaged-Property,-with interest on such disbursements. Any such future advances, whether
w atfligatory or to be made at the option of the Mortgagee, or otherwae, may be made either prior to or after the due date of the Note or
Q any other rates secured by the Mortgage. This Mortgage is gnrere `or the specific purpose of severing any and all indebtedness by the.
Maker to Mortgagee (but in no event shall the secured indebtedness exceed at zny time the maximum principal amount set forth in this
w
~ paragraph) in whatever manner this indebtedness may be evidenced or fepresented, until this M ra-t-sage is satisfied of record. All cove-
n
noels and-agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under tha
Q ~ - future advance clause.
z Should any of the above covenants be broken then the Note and all moneys severed hereby shall, without demand, if the
Mortgagee, so elect, at once become due and payable and this mortgage may be foredosed, and all costs and expenses of collection and
reasonable attorneys' fees, 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.
~ - -
Z
IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above serforih.
cn _ _
~ , Signed, sealed and delivered _
in our presence:
(SEAL)
(Mort - - .
e'Y1S -
(SEALI
E ~ - -
f -
STATE OF Fldr~-d8 1
_ 1 e -
COUNTY OF St. Lucie 1
I
i,=
I HEREBY CERTIFY, that on this day, before me, an officer duly authorized in the State aforesaid aAd inthaCounty~iorasaid s.
Frank !'.nv~is; - •t
to take acknowledgments, personally appeared - to me knov~?~ta t1s''t~ pei9ohjbed I
in and who executed the for' ~ instrument and- hi8 acknowled before me that ''e too dwte.
ego ng 9ed
t
WITNE my hand and officio! sal in the County and State last aforesaid this Rtl'1 _day 'f(' =t ~ t-~ •4s"~ T,
" .r 1- t
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Notary Public ` ~ .
K My Commission E~}M lCt3 :St ==S MA~`46 19s10 I
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