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HomeMy WebLinkAbout1131 DIRECT HOME IMPROVEMENT MORTGAGE 1 ~ ~ 3a sVITH FUTURE ADVANCE (~b~UJ THIS MORTGAGE, made th+s 5th day of October 4.D., 19 ,between nianR D_ Wata~r¢~ A yliA[xa - (Mortgagor) and - IMorigageel: (Name of Sun Bankl WITNESSETH, that Mortgagor, for and .n cons+derat+on of the prep,+ses and rn order to secure the payment of the pr+ne+pal and +nterest on the note (as here+nafter det+nedl, Mortgagor hereby grants, ass+gns transfers and mortgages to Mortgagee, +ts successors and ass+gns lorever, the loltow+ng dezcrrbed real property +n St. Lucie County, Fbrda, to w+t: 7 _ That part of the West 80 feet of the East 880 feet of the South ~ of Outlot 7, and the N ~ of the Outlot 8 according to a Plat of White ~ a City as recorded in PB 1, page 21, of public records of St. Lucie ~ • ~ County, Florida, said lots lying and being in the E ~ of the SE ~ of a ~ ~ Sect 4, Twns 36 S, Rg 40 E which lies N of the following described d line: c ! t3 Couanencing at the SE Corner of the above described land, and on W right g ^ ~ ~ of way of Oleander Avenue, run thence N along Wright of way of Oleander Ave a distance of 131.25 ft for the point of beginning; ~ ~ ^ ~ y run thence W at 90 degree angle with right of way of Oleander Avenue, ao • and parallel with the S boundary of the above described land 910 feet; ~ ~ ~ ~ run thence Southwesterly to a point which is 20 ft. N of the S bound- o ~ ary of said land and 1060 ft W of the E boundary of said land; ~ ~ continue in parallel whit anti at a r3i5tance of 20 ft from the S ~ ~ boundary of the above described land to the E right of way of Citrus Q o a # Avenue. 1979 OC1 1 I Phi 2~ l,1 _ _ _ ~1 FtLEO AfiD ~ £CO:~l1ED 4~^""~O~ ST. L~CIE CGUN i Y. Ft A- ' ~ ~ ROGER POITRAS ~ p - N CtIEgK CIRCUti CC~s~T (hereinafter referred to as the Mortgaged Property); and the Mortgagor does hereby u ly warrant the title to the Mortgaged Property aj ~ and wid defend the same against the lawful claims of all persons whomsoever.pEC4F.Q ~'F't''``' - - S_ ~ PROVIDED ALWAYS, that +f Diane D Waters the Makerlsl of that l t 1 ~ [Insert Namelsl] certain promissory note dated the date hereof (the Notel, her heirs, legal rep~esentat+ves or ass+gns shall pay to Mortgagee (l.,-~•,~" j the prinupal sum of $ 5, 434 L73 as evidenced by the Note, with interest and upon the terms as prov+ded therein, the final v:.a: _ ` . ~ ~ maturity date of the Note and of this Mortgage being 7 O-5 , 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 aft costs of collection, including a reasonable attorney's tee, upon default 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 made - good in accordance with the terms of ;he Note, that the entire principal win and accrued, earned interest shall become due and payable + without notice at the option of the holder thereof; artd 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. Murtgagor covenants to pay the taxes and assess- . - { merits on sad property; to carry insurance against fue on the bu+lding on said land for not less than 5 _~~a ,approved by the Mortgagee, w+th standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the . C : i uv+iuuiy O.-~ Sri n; lo~wa. i:. v: wEr :cF.air. - ~ 1 This Mortgage shalt secure not only existing indebtedness, but also wch luture advances, whether wch 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 +f wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed at any t+me the max+mum pnnapal amount of S n~a plus interest, and any disbursements made for the payment _ of taxes, levies, or insurance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether I oblgatory or to be made at the option of the Mortgagee, or otherwise, may be made either poor to or after the due date of the Note or _ any other notes secured by this Mortgage. Th+s Mortgage rs given for the speu(rc purpose of secur+ng any and all +ndebtedness by :he gt - Maker to Mortgagee ltwt in no event shall the secured indebtedness exceed at anytime the maximum prvnupal amount set forth in this ` - paragraph) m whatever manner this indebtedness may be evdenced or represented, until this Mortgage is saUSfiid of record- AI! cove- Hants and agreements conta+ned in th+s Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this future advance clause. + 3 - Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, d the . j ! Mortgagee, so elect, at once become due and payable and this mo-Tgage may be foreclosed, and all costs and expenses of collect+on and - ~ reasonable attorneys' fees, :nUudmg costs, expenses and reasonable attorneys' fees on appeal, ,I collected by regal proceedings or through an attorney at law, shall be pad by the Maker, and the sameare hereby secured. ~ - " IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. s - S+gned, sealed aril delrvererl in ou Presence- + , + ~ . ~ ~ L ISEALI (Mortgagor) Diane D. Waters ISEALI (Alortgagor) STATE OF Florida 1 1 COUNTY OF St. Lucie ? , e - I HEREBY CERTIFY, that on this day, before me, an off+cer duly auttiorired .n the State aforesad and +n the County aforesaid w, to take acknowledgments, personally appeared Diane D_ Waters to me known to be the person described m and who executed the foregoing mstrumeni and jlgr - ~.ackrsnwlidged before me that her executed the same. WITNESS my hand and offic+al seal .n The County and State tastraforesa+d th+s 5th day of October , A.o.,19 -ZL . ~lotL•y P :c NOTAn BALK STATE OF AARIQA AT lA~ii A4y Comm ss+on Exl~irgs: KT GQMNUSSiOfI+ EA{E;3 DEC. ~ 1l~2 4 b014-000.7 Rev. 8/77 r~;".1K P~GF ~ ~ ~ - ~ r.«:,+... v....