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Home My WebLink About2936 DIRECT HOME IMPROVEMENT MORTGAGE . • . $ $ 3 a~~ 1 WITH FUTURE ADVANCE ! _ 4 THIS MORTGAGE, made tnrs 16th day of November A.D., 19 79 , between• J. Wilbur •Law and Ann R. Law, his Wife - IMortgagorl and Sun Bank of St. Lucie County (Mortgagee?: (Name of Sun Bankl WITNESSETH, that Mortgagor, for and in consideration of the premises Anil in order to secure the payment of the principal aril interest on the note las herernafter delinedl, Mortgagor hereby grants, assigns transfers and mortgages to Mortgagee, its successors and $t. Lucie County, Fbrrda, to wit: assigns forever, the following described real property in Lots 1 and 2, Block 9, RIVER PARK UNIT ONE, according to the Plat thereof as recorded in Plat Book 10, Page 69, of the Public REcords of St. Lucie County, Florida. Z' u~ - - it-~ THIS IS A SECOND MORTGAGE -09 Received >l In Payn+ent Ol Talw _ Due On Class "C" IMttnpibleper'aonelp~~pp~H i."; ~ z l ~ .~i ~ pursuant To Chapter 71. 134. ACb O~ ~a7f. • ~tttC J?AL' ~:f:uaQcC ROGER POITRAs SLLUCIC COJNTY.FLA. Cte.y Circuit CoUPt St. LUCIA, Cp., ~ ROGER POITRAS CLERX CIRCUIT COL'R (herernafter referred to as the Mortgaged Property); and the Mortgagor does hereby fully warrant the title to the Mortgaged Property and will defend the same against the lawful claims of all persons whomsoever. PROVIDED ALWAYS, that rf J. Wilbur and Ann R. LdW ,the Makerlsl of that !Insert Namelsll certain promissory note dated the date hereof (the Notel, their t?errs, legal representatives or assigns shall pay to Mortgagee the prrncrpal sum of S 10, 043.24 ~ ev,denced by the Note, with rnterest and upon the terms as provided therein, the final maturity date of the Note and of this Mortgage being November 16 _ . 19 84 ,which Note provides that all installments of princrpat 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 agree to pay all costs of colFection, including a reasonable attorney's tee, upon default in the payment of the Note, and that if detautt be made in the payment of any installment thereunder and that rf wch default n not made good in accordance with the terms of the Note, that the entire principal win and accrued, earned rnterest 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 fue on the building on card land for not less than S n~a ,approved by the Mortgagee, with standard mortgage toss clause payable to Mortgagee, the policy to be held by the Mortgagee and to keep the building an said land in proper repair. This Mortgage shat) 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 120) years from the date hereof, to the same extent as ~ G rt wch future advances were made on the date of the execution of this Mortgage, but such secured indebtedness shall not excersd at any { DI time the maximum prinapal amount of S n~a plus rnterest, and any disbursements made for the payment U~ of taxes, levies, or insurance, on the Mortgaged Property, with rnterest on wch disbursements. Any wch future advances, whether yj obligatory or to be made at the option of the Mortgagee, or otherwise, may be made either error to or alter the due date of the Note or i U' any other notes secured by ihrs Mortgage- This Mortgage rs given for the specnc~ purpose of securing any and alt irrdebteriness by the _ Maker to Mortgagee (but :n no event shalt the secured indebtedness exceed at any Ume the maximum principal amount set forth in this ¢ i paragraph) :n whatever manner this indebtedness may be evidenr_ed or represented, until this Mortgage is SaUSiri'.d of record. All cove- Hants and agreements contained in this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this [n~ future advance clause. ~ t pi Should any of the above covenants be broken then the Note and all moneys secured hereby shall, without demand, if the Mortgagee, So elect, at once become due and payable and this mortgage maY be foreclosed, and all costs and expenses of collection and ~ reasonable attorne;s' fees, including costs, expenses and reasonable attorneys' fees on appeal, ii collected by legal proceedings or = through an attorney at law, shall be paid by the Maker, and the same are hereby ser;ured. ~ ~i -o ~ IN WITNESS WHEREOF, the Mortgagor has exNcured this Mortgage as of the date fast above set forth. rn ~ S•gred, sealed and delivered in our pr rice: /)~~~II~/~ i1~ ~ ? _ f/ ISEALI x IMortgagorl Q~-~ _ ISEALI - IMortgagorl i s STATE OF Florida 1 1 6 K, COUNTY OF St. Lucie r 1 HEREBY CERTIFY, thar on ;his day, before me, an office+ duly authorrred .n the Srate aforesaid and in the County aforesaid Wilbur and Ann R. Law ro take acknowledgments, personally appeared _ to me known to be the person described on and who executed the foregoing instrument and they acknowledged before me that they executed the same: ~ WITNESS my hand and official 7!d!,in the County and State last afor id this 16 day of NOVember Notary Public - t fl~ ~ryr~ hty Commission Exp~~ a n~~ AT LAKi 3!1?K ~ PaGE~:c~r3f~ tr~mwtrlssla+uvt~es 1NAr.lY was a-sofa-ooo-~ Ret?. sn~ ~Ott>~ Ail G~~L MK. u~Etwa~-o..,,