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HomeMy WebLinkAbout1135 ~~-$3•~~1~0 DIRECT HOME IMPROVEMENT MORTGAGE WITH FUTURE ADVANCE O ~ / '23 9 THIS MORTGAGE, made this 5th tray of October A.D., j9 , between Horace D. Clement_a_nd Mary F. Clement _ _ IMortgagorl and Sun Bank of St. Lucie County _ _ (Mort _ gageel: (Name of Sun Bankj WITNESSETH, that Mortgagor, for anef .n consideration of the premises and m order to secure the payment of the principal and interest on the note las hereinafter delinedl, Mortgagor hereby grants, assigns t:anslers and mortgages to Mortgagee, its successors and assigns forever, the following described real property in St. Ll1Cle _ County, Florda, to win Lots 6 and 7, Block Q, HARMONY HEIGHTS ADDITION, a subdivision according to the plat thereof recorded in plat book 8, page 38, Public Records of St. Lucie County, Florida. Q (This is a second mortgage.) .v~^' • . !9T9 OCT I I Q~: 2~ ~ 1 Reeaattfeli s o- 7.~ Dtra On Class " ~n ~ Taxp - C Iota p~pr~~ 3 " pursuenl To Chapter 71~~ ' pi s FILED ASD t•_•~uF.a a .134, ~4Ct>f a 1871 $LLUCIE COJNTY.Fi ROGER POITRgg _~-';L•~I ROGER PCITEi:.`.: r'Irr~ - CLERKCIR~"!T CC•'~;';, Crrcuif fouR• gt. ~N i - , ~ ~ . Co., q~ i z 4fi?~~309 <<-, i ` I la _ ~ ~ (herernaftrr referred to as the Mortgaged Propertyl: and the Mortgagor does hereby fully warrant the title to the Mortgaged Property Tj and wrrl defend the same against the lawful claims of a!I persons whomwever- - ~ Horace D. Clement-and Mary F. Clement /k i' PROVIDED ALWAYS, that if ,the Makerls) of that f ` T,; [Insert Namels) l i~-~I their certain promissory note dated the date hereof (the Note1, heirs, legal representatives or assigns shall pay to Mortgagee i^ ~ 5 374.31 ` ' the principal sum of S ~ as evidenced by the Note, with interest and upon the terms as provided therein, the final ~ 3'-' Oct. 4 87 OD maturity date of the Note and of this Mortgage being ~ , 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 ~ g, ag pay all costs of collection, including a reasonable attorney's tee, upon default in the wrrtin and that each maker and endorser re> to ~ 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 the Note, that the entire principal win and accrued, earned interest shall become due and payable without nonce at the option of the holder thereof; and shall perform and comply with each and every stypulation, agreement and cov- enant of the Nnte and of this Mortoaor ti.en this Mortoane anrt the xtate herehv creatxf chail tw until otherwise the same shall remain in full force. 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 insurance against fue On the building on said land for not less than S _ ,approved by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the j building on said land in proper repair. i This Mortgage shalt 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 1201 years from the date hereof, to the same extent as G rf wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed at any I ~ I ~ V ~ ame the maximum principal 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 ~ - obligatory or to be made at the option of the Mortgagee, or otherwise, may be made either prior to or alter the duedate of the Note or _ ~ j any other notes secured by this Mortgage. This Mortgage is given for the specific purpose of securing any and all indebtedness by the Maker to Mortgagee (but in no event shaft the secured indebtedness exceed at any tome the maximum principal amount set forth in this a ~ paragraph) in whatever manner this indebtedness may be evidenced or represented, until this Mortgage rs satisfied of record. Atl cove- j Hants and agreements contained m this Mortgage shall be applicable to all further advances made by Mortgagee io Maker under this (lj future advance clause. _ w; - C Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demarxl, rf the x i Mortgagee, so elect, at once become due aril payable and this mortgage may be foreclosed, and all costs and expenses of collection and ~ ; reasonable attorneys' ire;, including costs, expenses and reasonable attorneys" fees on appeal, if collected by legal proceedings or ` _ ~ ~ through an attorney at law, shalt be paid by the Maker, and the same are hereby secured. 1 _ ? IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date lust above set forth. ~ I. 'i,~ Cn ~ . I Signed, sealed and delivered in our presen~ ~ 1 /]O ? v,~([L (//.Y// ~ .lS~~ ISEAL) e ~ h t or1 1 ~ ISEAL? (Mortgagor STATE OF Florida 1 • St. Lucie 1 COUNTY OF 1 R - HEREBY CERTIFY, that ~n this day, before me, an officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared ~aCe D. & Mary F. Clementro me known to be the person described in and who executed the foregoing mstrnrrtetlt antl• `they acknowadged before me that they executed the same. WITNESS my hand and offiaal zeal in the County and Statt last aloe id this 5 day of October . AD..19- 7~_. ~ h Notary Public ~IJ~q~~t,,r f~YEZ~~ My Commission Expues: Q YC NOTAtr KAIK A1?TE Oi KOtIQA AT U~ ; 4-6014.000.7 Rev. 8/77 Mt COMMISSfON fJVIRB MNY. IZ 194, .ea,~..