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HomeMy WebLinkAbout0147 DIRECT HOME IMPROVEMENT MORTGAGE 4~,,~Sp'~ T/ VvITH FUTURE ADVANCE 5th November 79 THIS MORTGAGE, made this day of A.D.. 19 .between David Devito and Narriet L Devito, his wife IMortyagorl and Sun BAnk of St Lucie_County, Fort Pierce (Mortgagee): (Name of Sun Bank1 WITNESSETH, that Mortgagor, for and m consideration of the premises and in order to secure the payment of the pnnapal and interest on the note las hereinafter dehnedl, Mortgayor hereby grants, assrgns transfers and mortgages to Mortgagee, its successors and assigns forever, the totlowing described real property rn St LUCle _ .County, Florda, to wit Lots 11 and 12, Block 158, Port St Lucie Section Four according to the Plat thereof, as recorded in Plat Book 12, / pages 14 A through 14 G, of the Public Records of St. 7 Lucie County, Florida. "I9 ; ~ ~ ~ - 9 P. I?_~ 2 0 q.cel,,.a • I .0 7 M P,r„s~+t o~ Ta.. Due C+n Clafa "C" IntanpibfsPsroona?areP+'tlrr ~'`io afi~ Pursuant To Ch~ptlx 71.194. Acts O~ •~71, 'ST.LI?t:l= ('.f,':;IiY.Fi j•. 120GEFt A%i i RAS gOGER POITAAS ~LERr C:RCL': T CCU;7~ ~ ~ _ ~ Clery Circuit Cowl S't. l,ucM. • . i;: .S Y, 454'7 _ t ~ ihereinatter referred to as the Mortgaged Property): aril the Mortgagor does hereby fully warrant the title to the Mortgaged Property and wrrl defend the same against the lawful claims of all persons whomsoever. '.r tl . il• PROVIDED ALWAYS, that if DdVld De VltO and Harriet L Devito ,the Makerls) of that - - [Insert Namelsll i - certain promissory note dated the date hereof (the Note1, ~ t' heirs, legal representatives or assrgns shall pay to Mortgagee the principal sum of $ 7 •032.72 as evidenced by the Note, with interest aril upon the terms as provded therein, the (real ~ maturity date of the Note and of this Mortgage being DT~VeuthPx 5 , 19 89 ,which Note provides that .n 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 ertdorser agree to pay all costs of collection, including a reasonable attorney's fee, upon default m the _ payment of the Note, and that if default be made in the payment of any installment theraunder and that if 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 and 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 $ n~a ,approved by the Mortgagee, with standard mortgage loss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the building on said land in proper repair. p This Mortgage shalt 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 j yam.,' if wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not exceed at any ~ time the maximum pnnupal amount of S ~~a plus interest, and any disbursements made for the payment L ~ of taxes, levies, or insurance, on the Mortgaged Property, with interest on wch disbursements. Any wch future advances, whether I obligatory or to 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 U j any other notes secured by this Mortgage. This Mortgage is given for the specific purpose of securing any and all indebtedness by the !n U ! Maker to Mortgagee (but :n no event shall the secured indebtedness exceed at any time the maximum principal amount set forth in this ~ i paragraph) in whatever manner this indebtedness may be evidenced or represented, until rhis Mortgage rs satisfied of record. Alt cove- Hants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this I future advance clause. t 1:.. ~ ,Q ( Should any of the above covenants be broken then the Note aril alt moneys secured hereby shalt, without demand, rf the Mortgagee, so elect, at once become due and payable aril this mortgage may be foreclosed, arxi aft costs grid expenses of collection and s- ~ reasonable attorneys" fees, including costs, expenses and reasonable attorneys' fees on appeal, if collected by legal proceedings or r !y~cyT.3 through an attorney at law, shall be paid by the Maker, and the same are hereby secured. - ,.l 1"-' - = IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the date first above set forth. _ ~ ,sealed and detivzred in ou press / ~ -~(C/.h tSEALI (~ilortg r) i z y ~ ~ 7f' ~ (Mortgagor) ''t E STATE OF Florida 1 COUNTY OF 1 St Lucie 1 HERcBY CERTIFY, that on this day, before me, an oihcer duty authonred rn the State a!oresard and in the,~ounty,aforesad to take acknowledgments, personally apprared Davi A nP Vi tp and Harriet lip BqV~~ to beailwe pin dlsttibed in and who executed the foregoing instrument aril tneY _ acknowledged before me that r ttl@ s ~•~e~t~) the fain,., WITNESS my hand and offiual seal rn the County and Sta aft a resard this S til day of ~V' ~r~ A.O., 19 79 t ~ ~ - :l ~ 'y Notar ubhc ~1 I My mmrss n Expues: ~ ¢ .~t~ 3 4-fio14-~.7 Rev. B,» 3,~x 320 p~~~ 146 t~ a ~T twat - gg , ~(r toawtss~+ ~u~ oa. aa~>rnrs2 vr,t• ~ E.er.rt ~.e Her