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Home My WebLink About0319 • ~ : DIREGT HOME IMPROVEMENT MORTGAGE 4bS62~ ~ WITH FUTURE ADVANCE THIS MORTGAGE, made th+s 1st day of November A.O., 19 79 ,between' Aaron Richardson and TheLaa Richardson, his wife (Mortgagor) and Sun Bank of St. Lucie County (Mortgagees. (Name of $un Bank) _ s :A^" WITNESSETH, that Mortgagor, for and +n considerat+on of the prem+ses and in order to secure the payment of the pr+rtc+pal and ' ' ~ interest on the note las here+nafter defined), Mortgagor hereby grams, ass+gns transfers and mortgages to Mprtgagee, nt successors and ~ ~ ~ ~ ~ ass+gns forever, the follow+ng descr+bed real property +n St. Lucie County, Fbr+da, to wit: ;;,._;`.Lt,i Lot One (1) of the Re-subdivision of Lots One and Tfao (1-2) of .;_~C,''~ the John Davis Subdivision of Lot Five (5) of the H.A. Wallace n :_:~-~j Subdivision of the South ten (10) Acres of the Southeast Quarter ~ ;'~3~' (SEAS) of the Southeast Quarter (SE~i) of Section 4, Township 35, - r'L~~ Range 40 East, according to plat thereof recorded in Plat Book 3, ?jy~ at page 82 of the public records of St. Lucie County, Florida, - r Said Subdivision being recorded in Plat Book 8, at Page 22 of the public records of St. Lucie County, Florida. ~ . This is a First Mort a e o - FtLEI) AlYC FCc~Y.,cL ~ " ' ST.LUCIE COi1NTY.FLA. • f 0 ~ ROGER ~OtTRAS !N P~Y!,fEyT OF TA7tES CLERK CIRCUIT CCJRj ~ - DUE OA CL=.SS 't:' !l.T~?~6 31E P.~ ^s;;?L F ;OPfIiTYr f~r~;, Ir-, v_ f; r~ FpiIStl~iT 70 t.lfr?PTE1 11-!:~t, ACi3 if 1911, t F~''" _ R~t+FR Fi;1T, AS ~ CIRCUIT s:o~atr sT. ~ouE ~o, aA J M - 4f~562'~ (here+nafter referred to as the Mortgaged Property); and the Mortgagor does hereby fully warrant the tale to the Mortgaged Property and will defend the same agarnst the lawful claims of ail persons whomsoever. PROVIDED ALWAYS, tnat +t Aaron & Thelma Richardson ,the Makerlsl of that ' !Insert Namelsl] certa+n prom+ssory note dated the date hereof (the Notes, their he+rs, legal representat+ves or ass+gns shall pay to Mortgagee tffe pnnc,pat sum of $ 1t7, n0 as evidenced by the Note, with +nterest and upon the terms as provided there,n, the final matur+ty date of the Note and of th+s Mortgage being November 1 lg 89 ,which Note prov+des that all installments Of princ,pal and +nterest are payable at the off+ce of Mortgagee, or at wch other place as the holder may designate in wr+ting, 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 ,n the payment of any installment thereunder and that +f wch default +s not made good +n accordance with the terms of the Note, that the entire prrncipal win and accrued, earned +nterest shalE become due and payable without ttot+ce at the option of the holder thereof; and shall perform and comply w+th each and every st+puiation, agreement and cov- enant of the Note and of th,s Mortgage, then th,s Mortgage and the estate hereby created shalt be vo+d, otherw,se the same shall remain +n full force. Maker covenants to pay the interest and princ+pal promptly when due. Mortgagor covenants to pay the taxes and assess- ments on sa,d property; to carry +nsurance aga,nst fire on the bu,Wing on sa+d land for not less than $ n~a ,approved by the Mortgagee, w,th standard mortgage loss clause payable to Mortgagee, the pot,cy to be held by the Mortgagee and to keep the bu,ld,ng on sa,d land en proper repa+r. Th+s Mortgage shall secure not only ex+st,ng +ndebtedness, but also wch future advances, whether such advances are obl,gatory or y~' to be made at the option of Mortgagee, or otherw+se, as are made w+thin twenty (201 years from the date hereof, to the same extent as C rf wch future advances were made on the date of the execution of th+s Mortgage, but such secured indebtedness shag not exceed at any ~ ~ time the max,mum pr,nC+pal arc,ount of S n~a plus ,nterest, and any d,sbursements made for the payment _ of taxes, lev+es, or ,nsurance, on the Mortgaged Property, w,th rnterest on wch d+sbursements. Any wch suture advances, whether - ! oblgatory or to be made at the option of the Mortgagee, or otherw+se, may be made either poor to or after the due date of the Note or j ~ any other notes secured by the Mortgage. Th+s Mortgage +s g,ven for the spec+t+c purpose of securing any and all +ndebtedness by the a i Maker to Mortgagee (but m no event shall the secured ,rtdebtedness exceed at any t,me the maz+mum pnnc+pal amount set forth in thrs _ r paragraphs rn whatever manner this ,ndebtedness may be ev+denctd or represented, unt+t the Mortgaq? s sausfittd of record. All cow- - ~ ~ Hants and agreements conta,ned +n this Mortgage shall be appt,cable to all further advances maefe by Mortgagee to Maker under th+s to ~ future advance clause. O w ' • 'G O ~ Should any of the above covenants be broken then the Nnte and all moneys secured hereby shall, without demand, +f the G x 1 Mlortgagee, so elect, at once become due arxi payable and th+s mortgage may be foreclosed, and all costs and expenses of tollect,on and ,.7' ~ • reasonable attorneys' lees, mclud,ng costs, expenses arxf reasonable attorneys tees on appeal, ,f collected by legal proceedrngs or _ ~ ~ ~ through an attorney at law, shalt be paxf by the Maker, and she same are hereby secured. ~ IN WITNESS WHEREOF, the Mortgagor has executed the hlortgage as of the dare fast abrne set forth. - 0 ~ Cn (n - I Siyned, Seale and det+vered , ,n Our pre n (SEAL) !h~ort or) - ~ ~~l ~ ~ _ ISEALI ihlortgagor) STATE OF Florida I St. Lucie ' COUNTY OF l J?~ : i~•' ~r HEREBY CERTIFY, that on this day befo*e me. an oH,cer duly auihonierl ,n the State atoril#ak1 arte~i?~the~Duoty~fpresad Aaron & Thelma Richardson to take acknor~iedgments, pefsonally appeared to me c`npyyn K~•beRhe persglF~s~pler+bed c the ' ~ tt{~i~ .n and who executed the forego,ng ,nstrument arxt y acknowledged before me th7lt. ~etq rife same. 1St --~t ~ - ; WITNESS my hand and off,t;af seal ,n the County and Stat.~ last aforesa,d the deY p , Notary PubI,C ^:O?/,RY ) If ~TSTf Qf•' f'LUtfOti x.` C' F' ti1y Commss,on Exp,lp; CUI4IMISSION E7t11RES MAY ?b 1981 ~~~K3~ P~GC ~7 M,;NGfD i1f9U C,Et~,R/1L INS . UNJrRwRt ~fR~ 4-SO1+-0047 Rev.8/?7 ~ r._.,.,,,....,,