HomeMy WebLinkAbout0113 t~IRECT HOME IMPROVEMENT MORTGAGE 46 1~y ~g • ~O ~
~YiTH FUTURE ADVANCE ~V I
17th ~
THIS MORTGAGE. made ties _ rtay of _______Qc.tp~2Q~_ - A.D , 19 ___79 ,between
Edward G. Rauoh---------- IMortyagorl and
Sort Rank ~f _~=---T t~cie CO. _ IMorty,geel;
(Name of Sun Bank (
WITNESSETH, that Mortgoyor, for aril rn conssderahon of the premises an(i rn ortler to secure the payment Of the prin.rpal anti
interest on the note las hereinafter det,nedl, Mortyayor hereby grants, assrgns transfers and mortgages to hlortyagee, iii successors and
assrgns forever, the tollowrng described real property rn __-_~~__LL1Cl~CfO-~-____-_~_-_-- County, Flurxia, to wet:
LOt 11, Slock 3121, DvAT ST. L-L1CIE, ~ECTInt~t 45; ae~r-c~r~iincr tc~ the
plat thereof on file as recorded in Plat Book 16, Page 25A, of
the Public Records of St. Lucie County, riorida
°19 QCi 24 ;is 29
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F4:rvl..~ I..•.• ili ra71. SLLtrUECCvYlY.fi;,.
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C'_ERK CIF.CEJtT CuU:.i
ft:RX GTiCUiT C;r3j:ITr ST. ltiwi CO.. ELk7rI r
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46356'7
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~•1-' Ihere,nafter referred to as the hlortgaged Proprrtyl; arxf the Alortgayor does hereby fully warrant the trtir to the Mortgaged Property
Z, and well defend the same against the lawful ctarms of alt persons whomsoever.
- _ PROVIDED ALWAYS, that ,f Edward G. Rauch
• r ,the Makerls) of that
ilnse,t Namelsl;
• certain promissory note dattd the date hereof (the Notet, _h1S hems, tegaf rrpresrniatrves or assrgns shalt pay to Mortyagee
the pnnupal sum of $ _~,136_7Q.-__ as ev,denCed by the Noie, with ,nfe,est anti upon the ter ms asprov:(itd therein, the final
maturity date of the Note arxi of this Mortgage being ~CtAhp~ 1 S}}~ Ig _g-e~_ svh,ch Note prov,des that
all snstallments of nnc~
f p pa. and interest are payable at The office of Mortyayee, or at such other place as the holder may desrynate in
. , writing, and that each maker anti endorser agree to pay all costs of coltearon, rndudrny a reasonable attorney's fee, upon default rn the
payment of the Note, arKi that if default be made m the payment of any installment thereurxler and that sf such default rs not made
L ~ good in accordance wr[h the terms of the Nutr, tiwt the enure pr ~ncrpal win and accrutd, earned ,merest shall become due and payable
' r mthout notice at the opt,on of the holder thereof • art(i sha!1 perform and comply with each and every strpulation• agrrrment arxf cov-
'-j- enant of the Note and of Tnrs Mortgage, thee. ih,s Fvtortgage an(i the estate h~•refly aeattYi shaft be vmd, otherw,se the same shall remain
,n full force. Maker Covenants to pay the interest arxl prnupat prp:nptly when due. hlortyagor covenants to pay the taxes and assess-
- - merits on sari property: to carry insurance against free on the bu,lding on said land for nut less than S n~a _ ,approved
by the Mortgagee, with starxiard mortgaye Toss clause payable to Mortgagee, the po!~cy to he held by the Mortgagee and to keep the
bwlciing on sand iarxi m proper repay.
Thrs hlortgaye shau SeCUre not only,.•xsst,nq mrlehttKinesS, but a~so wch future advances, whether such advances are obligatory or
to br made at the option of Mortgagee, or oth(>rwrse, as are m,;c1~ vv,thrn twenty iLUi years fruni the date <<repf, is :he sJme exte.^.t as
wch future advances were made (rn thr• date of the t•xecu?ion of th,s Mortq.lge, but such securtri indebtedness shad not exceed at any
time the maximum p+:nc,paf arr•ount of S _-n~a-_______-_-____ plus ,mrrrst• arxi any (1,sbursrments made for the payment
= of taxes, levies, n+ insurance. on the hlortgagtrci Property, with ,merest on wch drsbUrSement5 Any such future advarKe;, whether
obliyatory or to ue made at the option of the Mortgagee, or otherw,se, may b(> made eithe+ prior to or after the due date of the Note or
any nshe• notea secwed by the Mnrtyage Thrs hln:tgage ss q~yen for The speca~c pu-posr of x•cunnq any an(/ all indebtedness by the
Maker to Rortgagee iirut .r, no event shall the securMl mdebtt>riness excetr(t at any Trine the maximum pemapaf amount set forth in [firs
paragraphs m whatever manner Thrs indebtedness may tx ev:dencr(i or ,epresenrwl, until :firs Miortyage is satrsfred of rCCbr(i. All CJVe-
naMS and Jgreemenis cOn?J:nett ,n thri him.tgage shall be JppI,CJt)b~ to al! furthr• ad vanCeS mane fly Mortgagee 10 Maker under This
!ut Ure J(i v.sn Cr itJU Se
' ~ $hnuld Jny of th.' ahOve covenJnt~ bt• biok•:n then th.~ Note anrf all monrV`- secured hereby shad, withi~ut demarid• sf thr•
hior,gayre, so e'Rrt• J: nn• a o~•con,r• due and u..yaisie acxl th,; morty~ge may be foreciosrri, and all costs and expanses Of rpifeCtinn aril
•easonJbie atto•neys' fees, ,ncfudmq cost;, r•Rpenses arKi reasonatrir• atiprneys' fees on appeal, ,f collected by legal proceechngs or
"iron h..-rn a:'orne Jt tae:, shall b>' uct b the ;1.,k.> ,aryl the s.rme are ht•rob
9 V U• v r y rr•curt•(f.
IN 1YITNESS 4VNEREOF, tt,.•',inr+gayu• err, -•><••c~:~rf rh:y ~,irsrtgaya as of :h.> rlJte firs? .dsnv,~ set forth
$.qr• ~v±ah•tl soli ne:;ve•er1
' _ ~ ~
,
- - - - . - ISE A L
Edward G.lh~mt,;.tt;net Rauch
/ _ - _ - - - - - ISEALI
i ?grtgagor 1
STATE OF Florida
COli1hTY OF St. Lucie ,
• 1 HEP,EBY CERTIFY, +ra* or' ~ d~v, b'-'ore me. a•T o`.'.cer r7wV au:'>Onterl .n [h,• Srat>~ afnr:•s;set .,net .n Lttt• County afnrt'sasd ,
re ~a'..r act"t•,9r+~afi^.nrnts. Per~ona?ly ~~anear••d EdW~~~__~a ~dUG~l__ _
. 1-- •o me :.no:•rs .n be thr• person described
Jrtf-v
h0 e>!?Ct+ted the forPgpinq ,n;t*um•:r.r „•,rt _ he--, -sckr,n.~ er1q~-c1 tK•forr m.. ,hat --he executed the same.
' . WITNF,~$ Fir, hand ar+d oft~c•at ~.-•a! •^,e C:,u••:v .,r:rt 5+~' tzr ator.•za~d rhrc ---lZth----- rfa of ~ h Y
~~r ---n
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' r l S ' T: it". s DA AT L4R;,E
4-6014-0047 Rev. 8/77 ? ~ 1~x_ S~o ~aCf ~ 7 ~ ~ ~ ~r~' t ~ E .?!S'S tA'R. I6 1981
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