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Home My WebLink About1133 . ~ OIRECT HOME IMPROVEMENT MORTGAGE L ~ ~ 3~•~'B + wITH fUTURE ADVANCE 4v~~~ THIS MORTGAGE, made this 10th day of October i_~_` A.O., 19 79 ,between' Franklin R. Barron and Loretta E. Barron, his wife _ (Mortgago.) and Sun Bank of St. Lucie County _ (Mortgageel: ' INameot Sun Bank) WITNESSETH, that Mortgagor, for and +n cons+derat+on of the prem+ses and rn order to secure the payment of the pr+nC+pal and +nterest on the note fas here+nafter del+nedl, Mortgagor hereby grants, ass+gns transfers and mortgages to Mortgagee, +ts successors and ass+ ns forever, the foltOw+ described real property +n St. Lucie 9 n9 _ Camty, Fbrda, to w+t: Lot 27, Block 9, Unit 1, LAKEWOOD PARK SUBDIVISION, according , to the plat recorded in Plat Book 10, page 51, 518, SIC of the n7 public records of St. Lucie County, Florida. ' , THIS IS A SECOND MORTGAGE li ~ . t 3 19i 9 OCT I I Pk 2~ c:1 R•oslved • 8'3 ^ C Intia M ~r+~t Ot Ta~c ! FILEO AttC N~~TYiFIa. ~~++?tCTpu N ~~~sonfil N ~ S ROGER pO1TR/,S Cha~lir 71. 134, AC'!! 0~ 19~at'„h. I ; T C ~ CLERK CIRCt!li GGJRT ROGER PO1Y'MS g'(~ i3D' `A Circuit Count. ST, RECQ?Q 1'iF,rl- J-~--- i.tiCN. vrV.~ ~.Dtr,= 46230'7 ~ ~ ` Iherc+nafter referred to as the Mort Pro art and the Mort • ~ , gaged p y gagor does hereby fully warrant the t+Ne to the Mortgaged Property and w++l defend the same against the lawful cta+ms of all persons whomwever. i/~'~ Franklin R. & Loretta E. Barron E,•> . _ PROVIDED ALWAYS, that rf the Makeris) of that • ~ v-~~ Ilnsert Name(sil + f I- ~ certain promissory note dated the date hereof (the Notel, their hens, leyal representatwes or ass+gns shall pay to Mortgagee f~ l T C~ ~ ~ the pnnupal sum of $ 6, 415.51 as evidenced by the Note, wdh interest and upon the terms as provxied therein, the final _ • { maturity date of the Note and of th+s Mortgage be+ng ~CtOber lU lg 87 , wh+ch Note prov+des that all installments of pnndpat and +rterest are payable at the oif+ce 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 coileCt+on, including a reasonable attorney's tee, upon default in the payment of the Note, and that +f default be made rn the payment of any installment thereunder and that ri wch rletault rs not made good +n accordance with the terms of the Note, that the enure pr+nc+pal win and accrued, earned interest shall become due and payable without rwt+ce at the opt+on of the holder thereof; and shall perform and comply w+th each a_nd every st+pulatron, agreement and cov- enant of the Note and of th+s Mortgage, then th+s Mortgage and the estate hereby treated shall be vod, otherw+se the same shall remain ,n fuM force. Maker covenants io pay the interest and pnnupal promptly when due. Mortgagor covenants to pay the taxes and assess• merits on sa+d property: to carry ,nsurance ayainst f+re on the bu+ld,ng on sa+d land for not less than S n~'a _ ,approved by the Mortgagee, with standard mortgage loss cla•~se Vayable to Mortgagee, the pOl+cy to be held by the Mortgagee and to keep the bu,lding on sa+d land m proper repan. Th,s Mortgage shall secure not only ex,st,ng indebtedness, but also wch futwe advances, whether such advances are obligatory Or to be made at the optwn of Mortgagee, or oFherw,se, as are made within twenty 120) years from tfie date hereof, to the same extent as ~ rf wch future advances were made on the date of the r>xecut,on of tt+,s Mortgage, but such secured rndebteciness shall not exceed at any - - _ p-, time ;he maximum prrnc,pa! amount of $ - n~a plus interest, and any d+sbursements made foc the Vayment - U; of taxes, Iev,es, or ,nsurance, on the Mortgaged Property, wrth +nterest on wch d+sbursements. Any such future advances, whether v! obligatory or +o be made at the Option of the Mortgagee, or otherw+se, may be made e+iher prior to or after the due date of the Note or _ 'V any other notes secured by the Mortgage. This Mortgage rs given for the SpeC+trc purpose of securing any and all +ncfebtecfness by the Maker to fdor*.gagee (but ,n no event shall the secured ,ndebtedness exceed at any Ume the max,mum pnnc+Val amount set forth m this _ a' Varagraphl m whatever manner this rndebte>dness may be ev+denced or represented, unt+l this Mortgage s satafred'of record. AN cove- Hants and agreements contained ,n th+s Mortgage shat) be appl+catrlo to alt further advances made by Mortgagee to Maker under th+s ' ~ ~ ~ future advance clause. ~ ~ ; ' ~ O~ Should any of th+~ above covenants tie broken then the Nnte and all moneys recur+rd henrby shall, without demand, d the ' Atortyagee, so elect, at once become due an+i payable and this mortgage may be foredosecf, and all costs ancf expenses of collect,on and X ~ reasonable attorneys' tees, ,ncludrng costs, expenses anal reasonable attorneys' fens on appear, +f collected by iegat Vroceedings or 'O G I r>3 ~ Mrough an attorney at law, ;hall be paid by the Maker, and the same are hereby v'curect. fA ~ IN wITNES$ 4YHEREOF, ;ham P,tortyagnr has ex,>cwttl this Mortgage as of the date f~rsr above se. ford,. ~i ~i $~yr.ed, sNalecf arrif cfe,,verecf in our prese~c _ ~ - P fJ-------- • ~ - ~ ISEALI - (Rlortyagr•r~ EALI IMOrtgaynr 1 STATE OF Florida couNTY of St. Lucie f 1 HEREBY CERTIFY, ?hat e- tn~s day, halo+e me. en aff,ee: clu,y autnon~+xi .n the Srate atoresa,d ar~ ul~lie`C~nfrr aforesaid, • to take acknowiodyme+.ts, pe>sonatly appeared Fra.~lklin R. & Loretta E• Barc~t1 ~ - rrfLr"known~Qjlp:tfsf persondescr+tled~ ~~n and v: ho execut Mf th,~ fpreoo~nq mstrumnnt and _ they ack nov+iedged tWfore me that eteecu fed the same: ~ WITN6~ my hand aid otLc.at seat .n the Counry and Stat" last for .said this 1~ _ stay o~ ''{~CtfJb@I AO, i9_ ~ ~ J'v : t. Notary Pub!.c (h~ Y~~~ A tit'! COmmrss.on Exp,re~UTARr RJk1~ fSAI~ ~ 1~Q4aA Al M~ t 1 coMMissroMfAi~ MAY. 12 1482 4$014-0047 Rev. 8/77 n. .:.:~~D 1~s t• ttyu ..,r