HomeMy WebLinkAbout1357 DIRECT HOME IMPROVEMENT MORTGAGE 4V~W~j ~ ~ ~ 3
WITH FUTURE ADVANCE
THIS MORTGAGE, made tnis 26th day of October A.O., 19 79 _ ,between'
Ross Dreher, III, a single adult (Martgagor) and
Sun gank_Q~$ T-'t^~~ Cnunt~ _ (Mortgagee!:
IiVame ui jun oanwj
WITNESSETH, that Mortgagor, for and in consideration of the premises and to order to secure the payment of the principal and
interest on the note las hereinafter defined!, Mortgagor hereby grants, assigns transfers and mo?tgages to Mortgagee, its successors and
assigns forever, the following described real property in St LUCle County, Fbrda, to wit:
Lot 16, Block "J" of AI.AMANDA VISTA SUBDIVISION, according to a
plat thereof on file in Plat Book 5, at page 49, of the public
records of St. Lucie County, Florida.
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(This is a Second Mortgage)
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Received • '3 M Psynt.nt O~ Taxes
!919 0~~ 30 P:~ 3~ 8 ot,e oil Claf~s ••C• )~~bMPwsorlalorop«t~r,
O 1 FIi.EU A4C~ FEtt'i:D: ~ ou?~aftt TO ChaptK 71. 134, ~ 01171.
' ~ ST.LGCIf COUViY.F! A. ROGER POITRAS
' I ROGER POITRAS
_ ~j { CLEP.f( CIBCuiT CQrJit i Clw?!, Circuit Cofilrt, SL Lucie, Wq F11{.
- , , : f 46~9~2
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- (hereinafter referred to as the Mortgaged Property!: and the Mortgagor does hereby fully warrant the title to the Mortgaged Property
• and will defend ttte same against the !awful clams of all persons whomsoever.
4 PROVIDED ALWAYS, that if ROSS Dreher. III _ ,the Makerls) of that
- !Insert Namelsl!
r ti - certain promissory note dated the date hereof (the Hotel, h~~ he,rs, legal representatives or assiyns shall pay to Mortgagee
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the prmapal sum of S x,'367 02 as evidenced by the Note, with interest aril upon the terms as provided therein, the final -
- ~ ° i 1U-25-84 19 ,which Note prov+des that
- t maturity date of the Note and of the hlortgage being
i ~:'1 all installments of principal and interest are payable at the ofiKe 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 ,nstallment thereunder and that it wch de ault is not m e
good in accordance with the terms of the Note, that the entire principal w+n and accrued, earned interest shall become due and payable
_ _ is without nonce at the option of the holder thereof; and shall perform and comply with each and every stipulation, agreement and cov-
_ enamt of the Note aril of th,s Mortgage, then this Mortgage and the estate hereby created shall be void, otherwise the same shall remain
,n full force. Maker covenants to pay the interest and prmapal 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 NA ,approved
by the Ma:tgagee, with standard matyage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the
bwldmg on said land in prapw repau.
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This Mortgaye shall secure not only existing indebtedness, but also wch future advances, whether such advances are oblgatory or
to be made at the option of Mortgagee, or otherwse, as are made within twenty 1201 years from the date hereof, to the same extent as
~ ,f wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed at any
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time the maximum prmapal amount of $ _ NA plus interest, artd any disbursements made for the payment
of taxes, levies. or insurance, on the Mortgaged Property, w,th interest on wch disbursements. Any such future advances, whether
obl,yatory or to be made at the opnon of the Mortgagee, or otherwise, may be made either prior to or alter the due date of the Note or
- ~ ary other notes secured by the Mortgage- This Mortgage is given for the specific purpose of securing any and all irxiebtednezs by the
Maker to Mortgagee (but in no event shall the secured incebtedness exceed at any time the maximum prmapal amount set forth in this
- paragraph? ,n whatever manner this irxlebtedness may be evidenced or represented, until this Mortgage is sansiied of record. All cove-
; ~ ~ Hants and agreements contained m this Mortgage shall be applicable to all further advances made by Mortgagee to Maier under this
i; ~ future advance clause.
' ~ ~ Should any of the above covenants Ire broken then the Note and all moneys securers hereby shall, without demand, if the
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' Mortgagee, so elect, at once become due arxt peyab!e and this mortgage may be foreclosed, and all costs and expenses of collection and
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~ reasonable attorneys' fees, including costs, expenses arxf reasonable attorneys' fees on appeal, ,i collected by legal proceedings or
r-+ through an attorney at law, shall be pa,d by the Maker, arxs the same are hereby secured.
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~ IN WITNESS WHEREOF, the h4nrtgagor has ~xeeurrd the Mortgaye as of the date inst asxwe set north.
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_ N
S,ynrd, seated and deuvered /
in our presence
r- ~ <<.~sar~-`_----- - - ISEALI
v (Mortyagor
_ ISEALI
- - Ihlnrtyayorl
s STATE OF Florida l
l
~ COI:NTY OF St. Lucie ; Y
1 HEREBY CERTIFY, tha± on th,s dav. before me, an officer duly aothorirerf ,n tn~ Slat+• aforesa,cf ants ir, the County aforesa,d
+ n ~ i m n - n II a red _ROSS Dreher, III to me known to be the person described
o take ark osr edg a U, peso a y ppea
.n and who executed the foreyO,ny instrulrlent$nd " he acknowledged !)afore me that he executed the same. f
WITNESS my hand arid official ~I iA~the Codhty and.State last res rd th,S _ 26th ay of October
p Notary Public
7~ 319 I ~G~~~~ My Commiss,on 1;'1fOj~11 ~1~' AA~ ~ At ~A~
O~~X Mr f,,OMMISS10MDtiiRB NtI?1r. 12 19a= -
4-6014-000-7 Rev. 8/77 1111 G8'~L IKS. (~fRMfRITEit,..+,,,