HomeMy WebLinkAbout0047 DIRECT HOME IMPROVEMENT N~ORTGAG~ .+~,z,
WITH FVTURE ADVANCE
THIS MORTG/tGE, made this I~ day'ol SepteIItb6r , A.O., 18 79 ,between'
John H. Stamm Jr and Sylvia r7.- Stadfaa, his Wife (Mortgag~xi and
Sun Bank of St.~Lueie County -
(Mortgageet;
[Name of Sun Bank)
WITNESSETH, that Mortgagor, for and in consideration of the premises and in oMer to secure the payment of tM principal aM
i11)I)lll~iO(n ~ tnterest on the rwte Ias Itereinatter definedl. Mortgagor hereby grants, assigns transfers and mtxtgages to Mortgagee, =ts successors and
St. Lucie
°m (1"~ sssgns forever, ttta fotbwing described real property in _ County, Fbrda, to wit•
" !I[1 ° 3
~ r,,,~,~ Lot 13, Block 2. M.E. GOLDSMITHS S_[iBDNISION, according
o m ?m to a plat thereof on file in Plat Book 2, Page 6,
c D Public records of 5t. Lucie County,. Florida. -
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" THIS IS A SECOND MORRGAGE R~~d $ 7 f _
- - l9T9 SEP 20 A!~ ;t~ ~ ~ _ oue o:. class
C.~~ rn Pa~,m.n~ a taoas
Pursuant To C ~~b1f1 PMf1ofIN _
o fp ~~~p~ry ~vta yt, ~,i~„ IoM Of
~ ST IEUU~R~~1
COI~F
TY
lA._ 4c.~.701V ? C[Mk C~ R~Ci~A Yy"~
~t6titR PQITRAS cud CourR. St Lt~oM{, ~ -
CtER![ CIRCUIT COURT
1~CaR0 VE[IIFIEO~~Qs_ ~ - - -
(hereinafter referred to as the Mortgaged Property); and the Mortgagor does hereby fully warrant the title to the Mortgaged Property
and will defend the same against the lawful claims of all persons whomsoever:
PROVIDED ALWAYS, that if JOhri H. Stadl>al Jr and Sylvia J. Sta>an ,the Maker(sl of that
[Insert ~lamels)) -
oertain promissory note dated the date hereof (the Note), their freirs, legal rrpresCntatives or assigns shall pay to Mortgagee
the principal wm of S - ~ as evidenced b the N with interest and u
3 749.42 3e t~lT po^ the ter8mhs as provided therein, the final
maturity date of ttr~. '•'~te and of this Mortgage being p ~ , 19 _ ,which Note provides chat
all installments of principal and interest are payable at the office of Mortgagee, or at such ocher place as the hokder may designate in
writing, and that each maker and endorser 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 mach in the payment of any installment (hereunder and that if such default is rwt made
good in accordance with the terms of the Note, that the entire principal sum and atx:rutjd, earned interest shall become due and payable
without notice at the option of the hokfer 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 shall be vod, 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-
ments on said property; to carry insurance against fire on the building on-said land it)r not less than $ n~a ,approved
by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mort
gagee and to keep the
building on sad land in proper repair.
~ _ This Mortgage shall secure not only existing indebtedness, but also such future advances, whether such advances are obligatory or
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
p if wch future advances were made on the date of the execution of this Mortgage,t~ut wch secured indebtedness shall not exceed at any
U ri~a
m time the maximum principal an',ount of $ plus interest, and any disbursements made for the payment
„~.t _ of taxes, levies, or inwrance, on the Mortgaged Property, with interest on wch disbursements. Any such future advances, whether
U obtgatory 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
a ~ -any other notes secured by this Mortgage. This Mortgage is given-for the specific purpose.of securing any and all indebtedness 6y the
u ( ~ Maker to Mortgagee (bet 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 MortgagerS satisfied of record. All cove-
n pants and agreements-contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this
F ~ O future advance clause.
~ O x Slwuld any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, it the
g ai ~ Mortgagee, so elect, at once become due and. payable and this mortgage may be foreclosed, and all costs and expenses of collection and
2 ~ reasonable-attorneys' fees, inctudmg costs, expenses and reasonable attorneys' fees on appeal, if collected by legal pr s or
F 'C3 through an attorney at law, shall be paid t~/ the Maker, and the same are hereby secured. -
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~f ~ I IN WITNESS WHEREOF. the Mortgagor hadexecuted this Mortgage as of the date st set fort --_r
_ ? _ -
? Signed, sealed aril delivered
in our pr ~tce: _
Eau.
~ M tgagor
- (SEA Li
! - rtgagorl~
STATE OF Florida ~ '
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COUNTY OF St. Lucie ) _
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1 HEREBY CERTIFY, that on this day, before me, an officer duly authorized in th? State aforesar(~+a,~slJ~n `fre Caurit}~esaid
to take acknowledgments, personally appeared JOhn H. Staamt Jr an3 SylVla~oa~;l~ bd:tfie perta2ri'R(t;,dibed _
- they ~ •
in and who executed the foregoing instrument and atknowaedged before me at xecirt r
.itje same. ;
WITNESS my hand and off.c,al seal in the County-and State fast aforesaid this day : - - ~
A.O., 19 ,~Z . - ~ - . -.~s.rs~•
- _ Notary Public ~ ~ ~i_ ^ . " '
aIN1K~~~ P~ 4~ My Commission Expires: ~ IC ST~~ a ROFifpa ~t.~q
COfWAlISU0P1 EiOi~S ~Y. 2s to¦.
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