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Home My WebLink About0050 - - - r - - - - T' DIRECT HOME IMPROVEMENT v$ ~a ~O WITH FUTURE ADVANCE MQRTGAGE 4s~3o ~ _ THIS MORTGAGE, made this 14 day of September , A.O., '9 79 ,between/ Ruth Mae James, widow Lonnie James IMortgagor) and _ Sun Bank of St. Lucie County ~ - (Mortgagee): (Ntureeof Sun $ankl ` I IIU11~ WITNESSETH, that Mortgagcx, for arxf in consideration o! the prerises and in order to secure the payment of the principal and ~ ~ interest on the note las hereinafter def inedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee. its wccessors and v 1111 T 3r ~ assigns fortnnrr, the following descrebad real property in St. LUCi@ County. Fbrda, to wit: ~ rn--~ _ I z Zm a West 50 feet of the ~ ~ D . The West 50 feet of the Bast 230 feet and th .~;`~'-c° ~ Bast-150 feet of the North one-half of-Lot 97 of GARDEN CITY FARMS SUBDIVISION as per plat thereof on file in Plat Book 2 at page 5 t ~ of the Public Records of St Lucie Cotdanty, Florida. z - iii DO and € 0 3~~ w West ZO feet of Bast 240 and the West 30 feet of the Bast 180 and the West ~ 35 feet-of Bast 100 feet of North one-half of Lot 97, GARDEN CITY FARMS, _ ~ to lY{~~ as recorded in Plat Book 2, page 5, of the Fublic`Records of St. Lucie - - - ~ County, Florida. - . - - !~79 SAP 20_ N! IQ 4? - - 6~ ~ ~ Received s~ in Paymern Of Taxes - F lLf9 A!D fklEElltf? 'S-` S (This is a First Mortgage j~~' Oue On.Class `C' iMaftpible Personal Propsrq, ~1.EAxpi~Tt~l~itT Pursuarrt To_Chatpar 71.194, /lets Oi 1Gl1. REC~'1?FR1F~0 ROGER ~Oi1MS - yam'` (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 nth Mae James ,the Makerls) of that _ (Insert Nartte(s)]- - - certain promissory note dated the date hereof (the Note). bier heirs, legal representatives or assgns shall pay to Mortgagee the principal wm of = 1.; 061.66 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 September 14 ~ fg 82 ,which Note txovides that s 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 each maker and endorser agree to pay all costs of collection, induding a reasonable atcorney's far, upon default in the payment of the Note, and that ii default be made in the payment of any installment thereunder and that if such default is root made good in accordance with the terms of the Note, that the entire principal wm and accrued, cerned interest shall become due and payable without notice at the option of the dtolder thereof; and shall perform and comply with each and every stipulation, agreement and cov- ~i eriant 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 printipal promptly when due. Mortgagor covenants to pay the taxes and asses;- ' manta on said property; to carry inwrancr against fire on the building on said land for not less than S Na . aPProVed by the Mortgagee, with-standard mortgage bas clause payable to Mortgagee, the policy tabe leeld by the Mortgagee and to keep the building on said Jared in proper repair. - ;.r This Mortgage shall severe not only existing indebtedness, but also such future advances, whether such advances are obligatory or ~ to be made at the op~on of Mortgagee, or otherwise, as are made within twenty (20) years-from the date hereof, to the same extent as p if wch future advances were made on the date of the exewtion of this Mortgage, but. wch secured indebtedness shall not exceed at any U ~ ~ time the maximum printipe: amount of S ~ plus interest, and any disbursements made for the payment ~ of taxes, levies, or inwrarece, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether ~ V _ obligatory ur 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 nQ. a any other notes secured by this Mortgage. This Mortgage is given for the specific purpose of securing any and all indebtedness by the W Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time the maximum principal amount-set forth a[ this ` a paragraph) in whatever manner the indebtedness may be evidenced or represented, anti! this Mortgage is satisfied of record. All cove- y ~-1 ~ to Hants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this ~ ~ w future advance clause. O z ~ ~ Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, if the w c~ C Mortgagee, so elect, at onte becorr?e due and payable and this mortgage may be foreclosed, 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. ? ,.~a to IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. ~ Signed, sealed and delivered in our pre ` w ^ n o - Q,~ ? ~_I'~/1/La/'L ` v ~ ~r~.i r ""R (SEAL) (Mortgagor) - j (S£ALl / _ . (Mortgagor ) STATE OF Florida ) ~ St. Lucie ) - .r•.t~,~.~~.~ v•,..... COUNTY OF ) y" ~ , 1 HEREBY CERTIFY, that on this day, before me, are officer duty authorized in the State aforesaid ared`i~i`ijl! Cotu?txbfor id ' to take acknowledgments, personally appeared -~13t:3 M3@ JameB to me known ~ bt'~ihe ~eison dew in and who executed the foregoing instrument and She acknowledged before me that A ~1clcuted the sargq,:- a_y ye;ITNESS my hand and official seal in the County and State last aforesaid this 14 day of ~ te>tiber ' - , rrir'~+,^ - ' Notary Publ=c + • s~. OR My Committion E>~r~r ~ 7t~1 C SU1E aF itlOEll'~A At M!M+:`"?"' ` . _ BOOK3~.`~ PAGE e~ Mt co+,w?~oN MA,r.n »st .rvaeEn TF@A! GH~K i!~• i~