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Home My WebLink About1132 DIRECT HOME IMPROVEMENT MORTGAGE ~ ~ ~ WITH FUTURE ADVANCE 4b~3O6 THIS MORTGAGE, made this -5th day of Octclbe=' - . A.D., 1912- ,between' Jack R P'teik~us alld Marily~~''+._MR'ikcmhrnLa~ htda wlfP__ (Mortgagor) and ti~f~C Stn Bank of St. Lucie Crnnty - (ti+ortgayeel; INameol Sun Bankj WITNESSETH, that Mortgagor, for and in consideration of the premises and in order to secure the payment of the principal and interest on the irate (as hereinafter dehnedl, Mortyagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and assigns forever, the following described real property m St. LuC~e _ Coumy, Fturda, to wit: Lot 1, Block 3, ORAN(E B1ASSQrI ESI'A1ES, as per plat thereof on file in Plat Book 11, page 6, of the public records of St. Lucie County, Florida. 1~' - - ~ ; ~ ~ ~ ~ ~ 2= ` Recswed d ~~In Pshtlslrtt Oi Tars ` ch ~ Due On Classy"C" Int~npbN Personal prop+?tY (Q r ~ 3..i;.e~ ~r ~I.tY~+.t++~, AU?SUaAI TO C~lajpta/ 7~• 1~T~, ~ ~ ~g7t, r ' i ~ Si.;LtlC'!C a~`;11s) T ri 1~ . f ~ iiClC~iz ftill;<f.~.~ ROGER POITRAS ~m~l 1:` ~ t t t L'i~SliG~'l~k7Sr+~i6, ~aer~ Cir~uk Court, SL LuCi~. Co..~ ,R~~~';~,~ 42306 , . ~t m 1rZ (hereinafter referred to as the Mortgaged Propertyl; and the Mortgagor does hereby fully warrant the trtie to the Mortgaged Property y ~ - and viol defend the same against the lawful claims of all persons whomsoever. PROVIDED ALWAYS, that ii S ~31fiP.Z'1ht7L1S the Makerlsl of that L~~• `~1; jlnsertNamelsl; t J S - a certain promissory note~d/?ated the date hereof (the Note1, heirs, Iegai representaUVes or asagns shat! pay to Mortyagee ' • = I i"i' ~ the pnnupal sum of $ • g~- 62 as evidenced by the Note, with interest and upon the tpper~~ms as provided therein, the final t ~ ' maturity date of the Note and of this Mortgage being 10-4 19 9Z- ,which Note provides that y all installments of principal and interest are payable at the ofirce of Mortgagee, or at wch other place as the holder may designate in writing, artd that each maker and endorser agree to pay alt costs of collection, including a reasonable attorney's tee, upon default in the ~~i: .~~.-r,-;t 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 good in accordance with the terms of the Note, that the entire principal vim and accrued, earned interest shall become due arrd payable without notice at the option of the holder thereof; and shall perform and comply with each and every stipulation, agreement and cov- enant of the Note anti of this Mortgage, Cher. this Mortgage and the estate hereby created shall be r~+~!, ~;!+ertrr•s : re same snarl rte: rain in full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor covenants to pay the taxes and assess- ' merits on said property; to carry insurance against fire on the building on said larxd for not less than $ j~A ,approved i by the Mortgagee, wrth starxfard mortgage loss clause payable to Mortgagee, the policy :o be held by the Mortgagee and to keep the building on said land rn prOPer repair. i This Mortgage shall secure not only existing indebtedness, but also wch future advances, whether such advances are obligatory or to be m~e at the option of Mortgagee, or orherwise, as are made within twenty 120! 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 such secured rndebteciness shall not exceed at any ~ t+me the maximum principal amount of S n~8 plus interest, and any disbursements made for the payment of taxes, levies, or insurance, on the Mortgaged Property, with inrerest on such disbursements. Any such future advances, whether obligatory o+ 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 I any other notes secured by this Mortgage- This Mortgage given for the specific Durpoze of securing any and all indebtedness by the - I Maker to Mortgagee (but in no event shall the secwed indebtedness exceed at any time the maximum pnnupai amount set forth in this ~ = ~ paragraph) in whatever manner this irWebtednesz may tx~ evidenced or represented, un;rl this Mortgage is saris}fed of record. All cove- ~ Hants and agreements conta+ned in this h1ortgage shall be applicable to al! further advances mard~r by Mortyagee to Maker under this future advance clause. e ~ Q ~ Should any of the shove covenants be broken then the Nnte and ail moneys secured hereby shall, without demand, d the - ~ Mortgagee, so elect, at OnnP become due and payable and this mortgage may tie `:oreclosf:d, and all costs and expenses of collection and ~ reasonable attorneys' fees, including costs, expenses arxi reasonable attorneys' fees on appeal, it collected by legal proceedings or m through an atto•ney at law, ,hall be paid by the M.iker, arx) the same are hereby secured- 3 $ 7y ~ - ~ IN WITNESS WHEREOF, the h"n•tgagor has rx~_•cu'ert this Mortyage as of the date first abovo set forth. = J~ _ ~ S•ynecf, seated ;.rid de:.vf•red Jack R. I"~].kE'!ntX)ll.S .n our presence 1708 York Court !e__ ~ ISEALi - - (Mort - oil t Fort Pierce, Fla.__33450_ _ IsEAL; ' - - - - - - Ihlortgaaor 1 r STATE O F r lOrlda ~ll~e S. ~inC14 A1lJ~ a I COUNTY OF St. Lucle I 1 HEREBY CERTIFY, that on tn~s day, before me, an office. duly. autbo{!led +n the State aforesaid and rn the County aforesaid C to take ac kno.v~etlgments, pe•sonaiiy aDpeartd ro me knovm tp be the Person described ~ +n and who executed ±he forego~n~i instrument and acknowtetfgASibetore me that executed the same- WITNESS my hand and off~c•ai sea! in the County serif State tart of ;waQ 1t~s ~~h day of -_~t~~~' , A D . 197.- , otary Pue1r1 l,?y /',drpmrss >t_--~:. MtK RAC d gQRIQA AT Mjtiit n n : t • • Mr GUMMISSIQN EX?I~S O6C - 3 i9•I 4-Ei014-0OD-7 Rev_ 8177 ~ •1„ r'~u~ ~..~~w...~.. e;i~u YL _ l!!i]fbYf11~