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Home My WebLink About2553 DIRECT HOME IMPROVEMENT MORTGAGE ~ ~''13~ WITH FUTURE ADVANCE THIS MORTGAGE, made this _ 1St tfay of NOVember _ _ A.D.. 19 79 _ , hetween- Alfred L, Test and Gwendolyn Test, his wife _ IMortyagorl and Sun Bank of St. Lucie County (Mortgageel: lNameof Sun Bankl :JU~i WITNESSETH, that Mortgagor, for and rn consideration of the premises and rn order 1o secure the payment of the principal and = O :merest on the Hate fes hereinafter debnedl, Mortgagor hereby grams, assigns transfers and mortgages to Mortgagee, as wccessors and ~•~T_, assrgns forever, the following described real property rn $t. Lucie County, Fbrrda, to wit: ! z tY{ . y 1• I r!1 Lots 36 and 37, Block 1, WAGNER SUBDIVISION, as per plat • - . thereof on file in Plat Book 9, Page 74, public records of 1' St. Lucie County, Florida. a LI - , v . , ' ` " THIS IS A SECOND MORTGAGE .ills i~t~i ~ _7 ri,i : ~ 2 r+LtD ant: ~_w:.:a u ST.Li1C.C C~UYiY.Ff A. c, ~ ( ROGl;R POITFiAS _t RECFZwO S~Q~"1 Ut PAYMEtIT Of TAXES CLESK CtRC'_tiT CC:1: ? a t GU: OH CL~~S 'C' i`li~`~G ~tf P RS~';Rt F'7JFERTY, ~:Eif','1 ~'-C~~:~^_ _C~ I PURStJAN( TO tM~TT_ 7i-• aCTS CF }971. C1FRK CIRCWT COURT. ST. LYCIE CO, fUl.~•1~ , 46.5134 (hereinafter referred to as the Mortgayed Propertyl; and the Mortgagor does hereby fully warrant the irtle to the Mortyaged property and will defend the same against the lawful claims of all persons whomsoever. PROVIDED ALWAYS, that if Alfred L~ & GWendOlyri Test the Makerls) of that • (Insert Name1s11 certain promissory note dated the date hereof hhe Notei,-- their hens, legal repro-sentat,ves or assrgns shall pay to Mortgagee the principal sum of S - S, X22 • ~2 as evidenced by the Note, wdh ,merest arrci u{x,n fire trrnrs as {,ruv,derl iiserein, the f:nat maturity date of the ivute eint of ttns fla+igage be:nq November 1 _ fg 84 ,which Note provxies that alt rnstatlments of pr,nc~pal ar'rd rnterest are payable at the office of Mortgagee, or at wch other place as the holder may designate rn writing, and that each maker and endorser agree to pay all costs of collection, including a reasonable attorney's fee, upon default ~n the payment of the Note, arxf that if default be made rn the payment of any installment thereunder and that +f such default rs not made good in accordance with the terms o} the Note, that the entire pnncrpal win and accrued, earned rnterest shall become due and payable without notice at the option of the holder thereof; and shalt 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 m full force. Maker covenants to PaY the rnterest anct pr n,c ipdi {n unipuy w:.c...:,,~. ~•••t accr+cc- merits on sa+d property; to carry insurance ayamst fire on the building on said land for nut less than S n~a ,approved by the Mortgagee, with standard matyage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the bwldmg on card land m 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 C ~ rf wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed at any J. U ~ t+me the maximum principal amount of 5 n~a plus rnterest, arxf any disbursements made for the payment ~ ; of taxes, levies, or insurance, on the Mortgay.:~d Property, wdh rnterest on wch disbursements- Any such future advances, whether -'i ' obligatory or io 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 Hales secured by the Mortgage. This Mortgage is given for the Specific purpo5r_ of securing any and alt indebtedness by the - a ~ Maker to hlortgagee Ibut m no event shall the secured indebtedness exceed at any time the maximum pnncrpal amount set forth in this paragraph) in whatever manner this rrxfebtrriness may be evidenced or represented, Unhl this Morvyage s sat+sf,ed of record. All cove- ~ ' rtdni5 and agreements contained in this Mortgage shall be applicable to all further advances made by Moitgagee to Maker under this ~ future advance clause. ~ w J O Should any of the :,hove covenants he broken than the Nn[e and all moneys secured hereby shall, without demand, d the - " X ' 1~lortgagee- so elect, at Once become due and payable and this mortgage may be foreclosed, and all costs and expenses of collection and b ' reasonable attorneys' fees, including costs, expenses and reawnable attorneys" fees on appeal, rf collected by legal proceert,ngs or T' m through an attorney at law, shall be pa,d by the fviaker, anti ifie same are hereby secured. _ ~ - ~ ~ IN WITNESS WHEREOF, the 4lnrtgagor has exeeutrxf this Mortgage as of the date first above set for - cn - $~qn••d, Sealed and deirver rd ,n ow pfesen~e nn ~ ! ~LL ~ - - ISEALI Mo: ti~,go 1 it - - ~i~-~--- - - - - - ~ - (SEAL! iM tgayor ) STATE OF Florida 1 COUNTY OF St. Lucie ! • - I HEREBY CERTIFY, that on tn~s div. betor+~ me. an office. duty a:,rhor+red ,n the State atoreSaid and rn t!r2 Copnty aforesaid t to take acknowi._•dyments, ve-sonauy anpear.d _-Alfred L~ & w ndo~yn Te4~ me knpyain rohe•ihd ppjlSpndQSCirbld .n ,end who executed *.n:~ fpreyping instrument and t_ e~_.-- acknowledged t>Pfore me that _ th$ exebfried thpsanfe- WITNESS my nand acrd o+t,c.al seat .n the County .,rid State lest aforesaid this 1st da of -N~ r• A o., f 9 _79 i Piolary Public Nl: C:~R'•M:,SICYd ErclIRES MAY.26 1981 MY Comrnissron Expnes ;rsKu ~2rrtRgl ,NS. rtJNDCRWRt%. 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