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HomeMy WebLinkAbout1908 ~ ~ DIRECT HOME IMPROVEMENT ' M~~TGAGE ~9 -~3~~~ 3 ?vITH FUTURE ADVANCE _ + THIS MORTGAGE, made tnis 11th day of OCtOber A.O., 19 79 ,between' Edward E. Dean and Nancy L. Dean, his wife I (Mortgagor) and 1 Sun Bank of St. Lucie County (Mort - gageet: + (Nameol Sun Bank( WITNESSETH, that Mortgagor, for and in consideration of the premises gird rn order to secwe the payment of the principal and interest on the rwte las hereinafter deiinedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and ass, ns forever, the lollowi described real property in St. L11C1@ 9 n9 County, Fbrda, to wit: Lots 12, 13, & 14, Block 36, INDIAN RIVER ESTATES UNIT FOUR according to the Plat thereof as recorded in Plat Book 10, page 49 of the Public Records of St. Lucie County, Florida. LOT 12 is a FIRST MORTGAGE r Qo ~ LOT 13 & 14 is a SECOND MORTGAGE ~~79 QCT f 7 8~ SO FILED ANU PtGOnJiD ,ifl- ~ ST.LUCIE CQUNTY.FLA. _.~.L~'~~,rZ._ M PAYWEIR Of TAXES ROGER POITRAS l'~(I z!3~ COCLIISS •C' INT11iS'dtE P;RSUhAI Pr1DfEQT1? CLERK CIRCUITCCUP~.T/L ! ~ <;.Z PURSUJyiT TO ~H:,Pi_.: Tt- t, ACTS OF s F[C^3C~'E>;I~I": _--g-~•-~=-- ~ sT, urn ~u~ 462827 x 1 • ~ t?.erP.nafter referred to as the Mort, c gaged Property); and the Mortgagor does hereby fully warrant the rule to the Mortgaged Property rYY~ IX - and viol defend the same against the lawful claims of all persons whomsoever. G'`.~r 1 PROVIDED ALWAYS, that if Edward E. Dean and Nancy L• Dean f the Makerls) of that 1 I1 r f~ -1 (Insert Namelslt ' their Q certain promissory note dated the date hereof (the Hotel, hems, legal representaUVes or assigns shall pay to Mortgagee 523.95 C3 I the pnnupal sum of ~ • as evidenced by the Note, wuh interest and upon the terms as provided therein, the fin;rl Ci0 maturity date of the Note and of this Mortgage being OCtOber 10 . 19 82 ,which Note provides that p ~ 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 tee, upon default in the payment of the Note, and that if default be made in the payment of any installment thereunder and that it wch 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 and payable without notice at the op:ion of the holder thereof; and shall perform acid 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 shat! be void, 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- ~ prCp~ty; ?4 ry nab apfP A[LiInV fire nn the buiklin0 On Said land }Or n I 5 n~a , a OVCd ' ~ of ess than ppr by thevMortgagee, with starxfard,mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the bwtding on said land an proper repair. ~ This Mortgage shall secure not only existing indebtedness, but also wch 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 O if wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed at any hme the maximum principal an'iourt of $ . 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 U obligatory or to be made at the option of the Mortgagee, or otherwise, may be made either peer to or after the due date of the Note or a~ any other notes secured by this Mortgage. Th+s Mortgage rs given for the specific purpose of securing any and all +ndebtedness by the Maker to Mortgagee Ibut in no event shall the secured indebtedness exceed at any time the maximum principal amount set forth in this yji paragraph) m whatever manner this indebtedness may be evidenced or represented, until this Mortgage is satisfied of record. Att crn~e- _ tnl Hants and agreements contained in this Mortgage shall be applicable to all further advances matte by Mortgagee to Maker under this O ~ fuwre advance clause. 'C' O~ - ` O .X~ Should any o1 the above covenants be broken theh the Note and all moneys securer) hereby shall, without demand, if the .-7 _ Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and ail costs arxf expenses of collection and ~ reasonable attorneys" fees, mclud+ng costs, expenses ancf reasonable attorneys' lees on appeal, if collected by legal proceedings or - b' through an at?orney at law, shall be paid by the Maker, and the same are hereby secured. ~ ~t _ ~ CI - Vl' cA, IN WITNESS WHEREOF, the Mortgagor has executed this f?fortgaye as of the date I,rst above set forth. I - ~ Signed, sealed and deiiverecf .n our pr ~ e ~ lrrs^ ! -~a. IsEAu (Mortgagor 1 - - Q ~ cQ"n~_-_ fSEAt.t Ihlortgagorl STATE OF Florida 1 COUNTY OF St. Lucie 1 1 HEREBY CERTIFY, ?ha? on the day, beffo~re~m~e~„an officer duly authonred m the State aforesaid and in the County aforesaid *.o rake ackno.vtedgments, personaNy appeared.: & Nancy L. Dean to me known so be the person descrrbr!d w.;s d S .n and who executed the foregoing instrumeOt slnd'r---~~X____~_ acknowiedyed before me that they executed the same- • ~ ~ WITNESS my hand and of};c,al seal in ,tttC County and 9fdte last afore this 11 ^ day of October A.D., 19 79 OR~.iV Notary Pubnc ~3~ My Commission Expnes - NuTA(nr ~K stA~r a reioaroln viol 4-6014.OOa7 Rev. 8/77 M' wry. r , r?': f ` i. _S .a: r - 11 ry 3 Z r ..a,.r... o.„.