HomeMy WebLinkAbout1174 bIRECT HOME IMPROVEMENT ~ 9 0 0 + D Q~ 33 O
WITH FUTURE ADVANCE MORTGAGE 4604 4
THIS MORTGAGE, made this ~ 2~+ day ci ~ , A.D., 19 ,between
(riarles T. Watt a11d ,5~,1$~~ K tt~~1{.R Wife (Mortgagor) and
$t $gnk Qf yS~,, T~>,r~„i
p~ (`~~mty IMortgageel:
(Name of Sun Bank]
WITNESSETH, that Mortgagor, for and in consideration of the premises and in order tt, secure the payment of the principal and
interest on the note las hereinafter definedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its wccessors and t
assigns forever, the following described real property in St I~1cip County, Fbrida, to wit: ?
Lot 20, Block 12 of LAI~OD PARK, -~iTr N0. 2, accordi>~g
to the Plat thereof as recorded inPlat Book 10, at-Page
56 of the Public Records of St. Lucie Caazty', Florida.
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v STATE- ~F F 1__ O
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D I - 1919 Sf P 27 A!~ i~ 33
~T DOCUMENTARYy;-. ~ STAMP TAB' ~
zr N DEPT. OF REVENUE : '
~.5.~~~ -
N~ - ~ _ FILE At10 RECOROcU
= et* = si:F2r•rg ~ ~ 0 ' _ =T.L E ~pttNTY.FLA.
_ = I l t ~ 9: 9 ~p~RR POITRAS {
~Z ~ ~ p,£RI( CIRCUIT ~T -
RECbRD 1/ER?F+EO.~C~~e
460494
(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 lawful claims of all persons whomsoever. _
PROVIDED ALWAYS, that if Charles T. Wyatt and Su.Sall K. Wyatt ,the Makerlsl of that
(Insert Namels)1
certain promissory note dated the datne'hereof (the Notel, heirs, legal representatives or assigns shall pay to Mortgagee
the principal sum of Z - 6, 519.7'+ as evidenced by the Note, with interest and upon the terms as provided tfrerein, the final
maturity date of the Note and of this Mortgage being 1x24 , 19 ~ ,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 each maker and endorser agree to pay alt costs of collection, including a reasonable attorney's lee, upon de%ault in the
payment of the Note, and that if default be made in the payment of any installment thereunder and that if wch default is not madg
good in accordance with the terms of the Note, that the entire principal wm and acerued, earrted interest shall become due and payable
without notice at the option of the holder thereof; and shall perform and comply with each aril every stipulation, agreement aril cov-
errant 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 forte. 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 inwrance against fire on the building on said land for not less than S -IIJa ,approved
by the Mortgagee, with standard mortgage lo,s clmrse payable to Mortgagee, the policy to be held by the Mortgagee arxi to keep the
building on said 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 (20) Years from the date hereof, to the same extent as
if wch future advances were made on the date of the execution of this Mortgage, but wch secured indebtedness shall not exceed at any
m ~ time the maximum principal amount of S i~ a plus interest, and any disbursements made for the payment
p I of taxes, levies, or inwrance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether
obligatory or to be made at the option of the Mortgagee, a otherwise, may be made either prior to or after the due date of the Note or
Q ~ any other notes secured by this Mortgage. This Mortgage is given for the specific purpose of securing any and all indebtedness by the
i Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time the maximum principal amount set forth in this
d paragraph) in whatever manner this indebtedness may 6e evidenced or represented, until this Mortgage is satisfied of record. All cove-
~ ~ pants and agreements contained in this Mortgage shall. be applicable to all further advances made by Mortgagee to Maker under this i
Q r future advance clause.
~ .
z Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, if the
~ gagee, so elect, at once become due and payable and.this mortgage may be foreclosed, and ail costs and expenses of collection and
Mort
~ - reasonable attorneys' fees, including costs, expenses and reasonable attorneys fees on appeal, if collected by legal proceedings or 1
s through an attorney at law, shall be paid by the Maker, and the same are hereby secured.
in
z
- IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth.
,n _
~ ! Sgned, sealed and delivered ,
in r~
r r ~ (SEAL)
--tt ,Y, -A~, les T. L~,rl ,
O Q~ ~l/~~ l/ /l 'w'7~(~/ ISEALIs
Q IIECEIYED ~ (Mortgagor) ~
s-_~~~ ICI ?ar+zrfT~~SK. ~tt
- CUE ON CLkSS ' I,yT?'.:C:BIE PFR:.3>iAL Par=E~TT,
STATE OF I'lOrid3 PUS:S~;Jfi T3 L~.:,?ifR n_i-.
..4, ACTS QF }8)],
COUNTY OF St• Tie GRr i 6:,GEB Palif'.AS
ulT cou11T (~j~Cn.p~
I HEREBY CERTIf-Ys~~;~aY, before meSan o~fiZreTl?6ry~trtlarired in the State aforesaid and in the County aforesaid t
to take acknow ts, red Ctlarl~-Q O>`' S7.l~~t? ~i~L1a~_ to me known to be the person desuibed
in and who extcy~t~lt~?ilir rt~41~ t and Z~'Ie~ acknowledged before me tha*`~~~r executed the sane. i
WITNE •~'bdtf~ ~_~f ?if~ County anrf State st aforesaid this 24 day of t~r ,
_ s
_ _ Notary P tic
P 1L `S -
~f~ • , My Commission Expi
•.b~iulr t'cauc s• =tE of ~toRICA At tAR'~
46014-0047 Rev. 8/77 ~ nt•„•..~t~~tt~ 4t= CC' HIS` I`•'>
: E';VlRESNNR. 16 1981
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