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Home My WebLink About1907 ~ i DIRECT NOME IMPROVEMENT MORTGAGE s~p~c s~~ ~ WI7H FUTURE ADVANCE 462826 THIS MORTGAGE, made thrs 10th ~ day of October , A.O.. 19 79 .between Walter J. Linsley and Alma M. Linsley, his wife (Mortgagor) and Sun Bank of St. Lucie County IMortgageel: (Name of Sun Bankl WITNESSETH, that Mortgagor, fa arxf m consrderat~on of the premises and in order to secure the payment of the pnncrpal and interest on the note las hereinafter dehnedl, Mortgagor hereby grants, esswns transfers and mortgages to Mortgagee, as successors and 1~ assigns forever, the following described real property in St. Lucie County, Fbrda, to wu: Lot 40, Block 19, INDIAN RIVER ESTATES, UNIT EIGHT according to the Plat thereof, recorded in Plat Book 10, Paqe 73, of the Public Records of St. Lucie County, Florida. p F21~ TATS ~ SY:.~r+µ z r. > ~ t NARY 1 (This is a first mortgage.) DO~UMKEVEHUE .,~~_',3 y1_ ~ ~ i '~79 OCT 17 a~ ~o ~ q S uo~EO: ~o~ ~ .~,~r o~ fi~ DUE •1 CIASS'C IliTt1N6:81E PERSONAL PfT{1VEfT:~s FIlEO ANp I+~COf~t~t C ryTR6UAN1 TO CHAPTER Tt-Iz~r ACTT 0/ b SLLUCIECOU!iTY.F'l~. RDaER POiTftA3 CLERK C RCUIT CQA~ti7 r rECa~o vr_r?nl:e___ ~ 462826 Ih°•ei•,at•s• •efo••ed to as She Mrxtgagerf Prryinvtyl; and the Mortgagor dons hereby fully warrant the tale to the Mortgaged Property and will defend the same against the lawful claims of all persons whomscever- Walter J. Linsley & Alma M. Linsley, his wife PROVIDED ALWAYS, that if ,the Makerlsl of that [Insert Namels?1 certain promissory note dated the date hereof (the Notel, their heirs, legal representatives or assigns shall pay to Mortgagee ` 5222.22 ~ the principal sum of S as evidenced ~~he hT.n;e, with interest and upon the.t~rms as provded therein, the final i maturity date of the Note and of this Mortgage being 99 , 19ttff ,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 all costs of collection, including a reasonable attorney's fee, upon default in the ! payment of the Note, and that if default be made in the payment of any installment thereunder and that i( wch default .K rsot made good in aceordance with the terms of the Note, that the entire principal win and accrued, earned interest shall become due and payable without ratite at the option of the holder thereof; and shall perform and comply with each and every stipulation, agreement and coy- - enant of the Note and ot.this Mortgage, then this Mortgage and the estate hereby created shall be vod, otherwise the same shall remain in Lull force- Maker covenants to pay the interest and principal promptly when due- Mortgagor covenants to pay the taxes and assess- j :ts o :said property; to ca: ry 'ns::rattce ayairst Ise on t~.:. y ~ - . eppr- # by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the poi~cy to be held by the Mortgagee and to keep the r ~ budding on sad land in proper repair. ; ~ 1 ~ This Mortgage shall secure not only existing indebtedness, but also wch future advances, whether wch advances are oblgatory or ~ ~ to be made at the option of .Mortgagee, or otherwise, as are made within twenty (201 years from the date hereof, to the same extent as [ if wch future advances were made on the date of jAhe execution of this Mortgage, but such secured indebtedness shall rat exceed at any J ' time the maximum principal amount of S N plus interest, and any disbursements made forthe payment _ ~ of taxes, )ewes, or inwrance, on the Mortgaged Property,, with interest on wch disbursements- Any wch future advances, whether j obligatory or 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 ~ ~ any other notes secured by this Mortgage. This Mortgage n given for the specific purpose of securing any and all indebtedness by the Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time the maximum principal amount set forth in this t paragraph) in whatever manner this indebtedness may be evidenced or represented, until this Mortgage ~s sahs(ied bf record- Alt cove- pants and agreements contained in tMs Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this future advance clause. z ~ Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demarxl, if the ~1 Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and alt costs and expenses of collection and ~ reasonable attorneys' tees, including costs, expenses and reasonable attorneys' fees on appeal, if collected by legal proceedings or through an attorney at law, shall be pad by the Maker, and the same are hereby secured. - IN WITNESS WHEREOF, the Mortgagor has executed [his Mortgage as of the date fast above set forth. j - ~ Sgned, sea and delivered ~n our pr nce: A 7 i / ISEAI) i or r _ (BEAU ` ? - I ~ IMortgagor) ,,r STATE OF Florida 1 ~ St. Lucie 1 9 COUNTY OF 1 } - x,C:.. , I HEREBY CERTIFY, that on this day, before me, an officer duty authorized in the State~flftp~id and af.lbe ~dunty aforesad fit:.... to take acknewiedgments, personally appeared Walter J. & Alma M. LinSle~ M5E krawo'to be the person`descrtbed rn and who executed the forege+ng instrument and they acknowledged before me that t~g~ ticecuted ihQ-same. WITNESS my hand and oit,ual seal m the County and State last afore this day lif October _ , Notary Pubbc My Commis+on Expn~~ ~K ATf a F{pR1aA AT Mai OK nlnr uoAllullssfoN ET~IRES I1MY. itZ ws= 4-sot4-~~ Rev. B,» ao~t 318 ~~sE~~ ~