HomeMy WebLinkAbout2937 DIRECT HOME IMPROVEMENT MORTGAGE 4~ .x $ 3a a~~
WITH FUTURE ADVANCE ~+'<i/VS
THIS MORTGAGE, made this 26 day of NOVefutlber A.O., t9 79 .between
John M. Tiffany and -Dixie L. Tiffany, his wife (Mortgagor) and
Sun Bank of St. Lucie County A IMortgageel:
(Namt of Sun Bank)
WITNESSETH, that Mongagor, for and .n consideration of the premises and in order to secure the wyr+rent of ttie principal and
interest on the note las hereinafter defined), Mortgagor hereby grams, assigns transfers and mortgages to Mortgagee, rtssuccessorsard
assigns lorever, the following desc~rbed real property in St. Lucie County, Fbrda, to wit:
Lot 24, Block 1, of MARAVILLA PLAZA SIJBDMSZCIN
according to the plat thereof recorded in Plat
Book 5, page 16, Public Records of St. Lucie
County, Florida.
This is a second Mortgage
3~°
purSUenf To Chaplet 71. 134. Aw O~'~71.
ST.LUCIE CCt!YTY,FLA. ROGER POITRA9~
ROGER POITRAS t-w„y Cma~it ~ ~ }
CLERK CIRCUIT G:`Jr~T _
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CJ (hereinafter referred to as the Mortgaged Property); and the Mortgagor does hereby fully warrant the tale to the Mortgaged Property
and wnl defend the same against the lawful claims of all persons whomsoever_
~ PROVIDED ALWAYS, that rf John M. & D1Xle L. Tiffany ,the Makers) of that 1!
! [Insert Namelsl) 1
certain promissory note dated the date hereof (the Notel, their he KS, ~l representat,ves or assigns shat) pay to Mortgagee
` the principal sum of S 8 r 147.68 ~ evidertced by the Note, with interest and upon the terms as provded therein, the final
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maturity date of the Note and of this Mortgage being NOVelllber 26 , 19~ ,which Note provides that
~ all installments of principal and interest are payable at the office of Mortgagee. or at such other place as the holder may designate n
j writing, and that each maker and endorser agree to pay all costs of collection, including a reatonab4 attorney's fee, upon default in the
payment of the Note, and that if default be made in the payment of any mstaliment thereunder and that if such defautt 6 not made
good in aaordance with the terms of the Note, that the entire principal sum and acxrued, earned interest sttall'becanie due and payabb
. ~ 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 crested shalt be rod, otherwise the same shalt remain
in full force. Maker covenants to pay the interest and principal promptly when due. Mortgagor tbvertants to pay the taxes and assess-
~ menu on said property; to carry insurance against fire on the buiidirg on said land for not less than S 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
II building on said land in proper repair.
i
E .This Mortgage stroll secure not only existing indebtedness, Out also such future advances, whether such advances are obtrgatory Or
to be made at the option of Mortgagee, or otherwise, as are made within twenty (201 years iron the date hereof, to the same extent as
j ~ rf wch future advances were made on the date of the execution of this Mortgage, but such secured erdebtedness shall not exceed a any ;
UI, time the maximum principal amount of S n/a plus merest, and any disbursrmenis made for the payment
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of taxes, levies, or inwrance, on the Mortgaged Property, with interest on such drsbursements_ Any wch suture advances, whether
oblgatory or to be made at the option of the Mortgagee, or otherwae, may be made either prior to or after the due date of the Note rx
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a~ any other notes secured by this Mortgage. This Mortgage K given for the specific purpose of,~g any and all indebtedness by the
r7 Maker to Mortgagee (but in 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 evdenced or represented, until thK Mortgage is satisfied of record. A!1 cove-
+~j Hants and agreements contained ;n this Mortgage shall be applicable to all further advances made by Mortgagee to Maker under this
future advance clause.
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Should any of the above covenants be broken then the Note and all moneys secured hereby shall, wittWUt demand, if the
X' Mortgagee, so elect, at once become due and payable and this mortgage may be foreclosed, and alt costs and expenses of collection and
reasonable attorneys" 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 secured.
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- , ' IN WITNESS WHEREOF, the Mortgagor has executed this Mortgage as of the d_te fast above set forth.
Sgrred, sealed and delivered
~i
m our pr ce:
Z ~ 15EAU
IMor t
SEAL!
IfJlortgagor 1
STATE OF FlOrlda 1
E 1
s COUNTY OF St. Lucie 1
1 HEREBY CERTIFY, that on this day, before me, an officer duly authorized in the State aforesad and in the County aloresad
to take acknowledgments, p~Brsonally, appeared JOhn M Or D1Xle L. Tiffany to me known to be the pe.son descrbed
in and who executed ihe,fq>;egs~[1y fp_ytyrr?ent and they acknowledged before me that they executed the same-
WITNES~my hand aril 6tfx/ial seal rn the County and State last a or this 26 day of NOVeIDber .
A.D..19 ~7 fly..
3UJK 32~ PAGE ~ Notary Public
~rVV~ ~ ~ _ My Commissars E~tRY~RT a.
mtc sTA1E a t10RO11 ~ biO
r ~ _~,NI~+?issla~ wnls war. n n~:
4-sofa-ooo-7 Rev. B/77 11:C.... ~ ....D r1~U CfIBAL i16. t~frftldRlT~-*•-~•