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HomeMy WebLinkAbout0923 DIRECT HOME IMPROVEMENT MORTGAGE 464119 WITH FUTURE ADVANCE THIS MORTGAGE, made this 24th day of --OCtQbe~" - . A D.. 19 ,between George Brown Jr _ _ _ - (Mortgagor) and S1t+n Ra n.f _Sr T.t~~i P (:elunt~ _ IMortga~ee?: f Name of Sur Bank ) WITNESSETH, that Mortyagor, for anef in consideration of the premises and in order to secure thr payment of the principal and interest on the nose las hereinafter Oelinedl, Mortgagor hereby grants, assigns translers and morigayes to Mortgagee, its successors and assigns forever, the following described real property in .St Lucie County, Florida, to wit: Lots 3 and 4, Block 20, INDIAN RIVER ESTATES UNIT SIX, according to the Plat thereof, as recorded in Plat Book 10, page 51, of the Public Records of St. Lucie County, Florida. ' T.~T E-- ' ~ !)O'~UA1~yTAR`' , S i flit- ' ~ ~ ~ ` _ - . ` ;iii :.iF i'.tY "t,'i U± ;e'er ~Y :'~.yti 4i;:. r~ - 0 6.3 ~ a ~ ~ i :.3'73 ~ r, ~ . _ : ~ ~ _ 1 _ - "9 Cat 2.9 3' 37 ' FILED tA0 i•: (,u?:~t b ST.LUClE COU~iTY.FLA. 'l t; ~ ROGER ~'t71TR.:~ RECeY:c S a ~ r` ~ ~'t T CLERK CIRCrJtT Cod:;T CUE s?i C~4L`' .i • . _ t i ...}Y~ t:L~O'~.0 ~r_..... t~~ f~lCU}T c::~;;r; sT. ~o. Fug! r ~ - 464119 (hereinafter referred to as the Mo•. tgaged Propertyl; and the Mortgagor does hereby fully warrant the title to the Mortgaged Property and wnl defend the same against the lawful claims of all persons wfwmwever. PROVIDED ALWAYS, that if ~'pn~~p RrOL1TYlTJr ,the Makerls) of that (Insert Namelsl) certain promissory note dated the date hereof (the Notel, }h ~ heirs, legal representat,ves or assigns shall pay to Mortgagee the principal sum of S 4y ~ 4] 00 as evidenced by the Note, with interest and upon the terms as provided therein, the final maturity date of the Note and of this Mortgage being ~ n-2.~ , 19 ,which Note provdes 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 agre¢ to pay all costs of collection, including a reasonable attorney's fee, upon default in the payment of the Note, aril that i( 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 win and accrued, earned interest shall become due and payable without notice at the option of the holder thereof; and shall perform and 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 shall be void, otherwise the same shall remain in full force. Maker covenants to pay the interest aril principal promptly when due. Mortgagor covenants to pay the taxes and assess- ments on said property; to carry insurance against fire on the building on said land for not less than S n f a ,approved I'~ by the Mortgagee, with standard mortgage loss ciause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the ! building on said land in proper repair. This Mortgage shall secure not only exisung indebtedness, but also wch future advances, whether_wch advarx:es 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 i rf wch future advances were made on the date of the exec_uhon of this Mortgage, but such secured indebtedness shall not exceed at any j ~ time the maximum prinupal amount of S Tl! a plus interest, and any disbursements made for the payment 1 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 pr,or to or after the due date of the Note or any other notes secured by this Mortgage. This Mortgage is given for the specific purpose of securing any aril all indebtedness by the ~ Maker to Mortgagee (but in no event shall the secured indebtedness exceed at any time the maximum prnupal amount set forth in this I paragraphi in whatever manner this indebtedness may be evidenced or represented, until this Mortgage is satisfied of record. All cove- ~ ~ Hants and agreements contained m this R.tortgage shall be applicable to all further advances made by Mortgagee to Maker under this ~ future advance clause. s~ ShGUid any of the above covenants be broken then the Note aril all moneys secured hereby shall, without demand, d the J, ~ Mortgagee, so elect, at once become due and payable and this mortgage maybe foreclosed, and all costs and expenses of collection and I reasonable attorneys' tees, including costs, expenses and reasonable attorneys' tees on appeal, if collected by legal proceedings or ~ ( through an attorney at lase, shall be paid by the Maker, and the same are hereby secured. i z i _ IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first alwve set forth. i I Sgned, sealed and delivered Ge t"ge Brown, m ou[ PK5~nce: r 1 _ / ~ (SEAL) -t l.~r ~ (Mortgagor! - - ISEALI IMoriyagor) r: STATE OF Florida ' ' I COUNTY OF St , Lucie I HEREBY CERTIFY, that on this day, before me; an officer duty authonred m the Srate aforesaid andmt _ y dfOresaid r. to take acknowledgments, Dersonally appeared yieA?"QQ RrASdIl , -Tr to me known to hq ; ~t?Kn~ i i A r in and who executed the foregoing rnurument and T+~-- acknowledged before me that ~s~euttlgsarttif. ~ z" WITN my hard and official seal .n the County and State last aforezai this 2~*h da r ~ ;J ~~otary Public r !+R r ~ ~-i98 ti < . My Co~:^mission Expir ;y;F 4-6014-000-7 Rev. 8/77 ~n~x~~~ ~~~E K~•~•r•••, '