HomeMy WebLinkAbout0535 DIRECT HOME IMPROVEMENT MORTGAGE ~6~7s19 ~ /
WITH FUTURE ADVANCE
THIS MORTGAGE, made this - 28 tfay of November _ A.Q., 19 79 , 1)etyireen'
William M. &Montine Franklin (rfAortgagor) and
Sun Bank of St. Lucie County IMortyageel:
INameof Sun Bank
WITNESSETH, that Mongagor, for and in consideration of the premises and rn order to secure the payment of the principal and
rnterest on the note las herernalter delrnedl, Mortyagor hereby grants, assrgns transfers and mortgages to Mortgagee, its successors and
assrgns forever, the following described rear property m _ St. Lucie County, FlOfida, t0 Wrt:
//~~..,,9 Lot 27, Block 25, PINEWOOD SUBDIVISION as per plat thereof
,J recorded in Plat Book 5, Page 24 of the Public Records of
~ St. Lucie County, Florida.
THIS IS A SECOND MORTGAGE -
_ - _ - _ ~~~1 29 = ~ Recshred 8 -~4
a ~ ~ P.,n,>~ a Tit..
M rf~tii ~ •i Oue On Crass "C" Intan~ibbPe?sonetpropArty;
Cc - ST.LUL~E C::L~1 Y.=..^. pursuant To CAepter 71. 134, Acts O~ ~9?1,
v 1 ~'zRri C;F.~L'l i : ROGER POITRAS ~--r~i~
) _ - ~'IwrS t
/ 1-,t„ .y _ 9 _ C rCUit COUr[, St. luCio• Wy Flt,.
~ ~ 46"7619
t: _
~ (hereinafter referred to as the Mort Pro err 1: aril the Mort r does hereb full warrant the true to the Mort Pro ert
t 9a9~ P Y gaga Y Y 9a9~'d P Y
and wed defend the same against the lawful claims ni all persons whomsoever.
i PROVIDED ALWAYS, that rt Wi.111am M. &Montine Franklin , the Makerls) of that
llnsert Narnelsll
certain promissory note dated the date hereof (the Notel, their heirs, legal representatives or assrgns shall pay to Mortyagee
the principal sum of S 4, 147.00 as evidenced t)y the Note, with rnterest and upon the terms as provided therein, the final
_ maturity date of the Note and of this Mortgage being ~ NOVember 28 f9 83 .which Note provides that
all installments of pnncrpal and rnterest are payable at the oiiice of Mortgagee, or at wch other plxe as the holder may designate m
writing, and that each maker and endorser agree to pay all costs of collection, including a reasonable attorney's tee, upon default rn the
- payment of the Note, and that rt default be made rn the payment of any installment thereunder and that rl wch default is not made
goad m accordance with the terms of the Note, that the entire pnncrpal win and xcrued, earned rnterest shad become due and payable
without notice at the option of the holder thereof; anef shall perform and comply with each and every stipulatan, agreement and cov-
enant of the Note and of this Mortgage, then this Mortgage and the estate hereby created shall be v4rd, otherwise the same shall remain i
in full force. Maker covenants to pay the interest and Principal promptly whin due. Mortgagor covenants to pay the taxes and assess-
~ menu on Bard property; to carry insurance against fue on the building on said land for not less than $ n~a ,approved
by the Mortgagee, with starxfard mortgage loss clause Payable to Mortgagee, the Policy to be held by the Mortgagee and to keep the
Ii building On said land .n proper repair.
This Mortgage shall secure not only existing indebtedness, but also wch future advances, whether such advances are obligatory or
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~ ~ to be made at the option of Mortgagee, or otherwise, as are made within twenty 1201 years tram the date hereof, to the same extent as
I C if wch future advances were made on the date of the execution of this hloriyage, but such secured indebtedness shall not exceed at any
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_ p time the maximum principal amount of S . n/a plus interest, and any disbursements made for the payment
U of .taxes, levies, or insurance, on the Mortgaged ProPertY. with interest on wch disbursements. Any wch future advarxes, whether
- CJ obligatory or ro be made at the option of the Mortgagee, or otherwise, may be matte either pnor to or after the due date of the Note or
any ether notes secured by this Mortyag2. This Mortgage is given for the specific purpose of securing any and all rrxlebtedness by the
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- a ! f47aker to Mortgagee (but m no event shalt the secured indebtedness exceed at any time the maximum pnnupal amount set forth in Ihrs
paragraph) .in whatever manner this irxlebterlness may be evidenced or represented, until this Mortgage is sausf,ed of record. All tove-
Hants aril agreements contained in Ihrs Mortgage shall be applicable to all further advances made by Mortgagee to Maker unde+ this
i' tutu+e advance clause. -
y"i ~ $houid any of the above covenants t)e broken then [he Note anti all moneys secured hereby shall, without [lemarxl, A the
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- ~ ~ -
. - Mortgayee. SO elect, at once become du_ and payable and this mortgage may be foreclosed, and all costs and expenses of r_ollection and
= ~ ~ reason<><)le attorneys' fees, including Cost4, expenses and reasonable attorneys fees on appeal, rf collected by legal proceecLnys nr
'tf !nrough an attorney at law, shall be yard by the Maker, and the same are hereby sec[•re(t.
i, tY1 ;
G G ' IN 1NITNESS WHEREOF. the ilo.tyagor has executed this Mortgage as of the date first above set forth.
a - i ~ -
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S;yned, s?alrcf and d ~ivi•reci ~
,n our uresence I / rr
/ IMortgayorl a
(Mortgagor l
S
• STATE OF Florida 1 -
1
COUNTY OF St. Lucie 1 ;
.
1 HEREBY CERTIFY, ;n32 on this day, before me. an officer duty authonrrd rn the State aforesaid aAlitn the od• }?~oresaid
William M. & Montine Frankl' "
'c take aeknow!edyments, personally appear ;d ~rne knpylirl to be tf~per9'It~bed
,n and who executed !ne trrey0inq ~~ctrument and they_-. acknowledgerf before me that -~~~,..~~e,]~r~~tt~ )hga'~me.
WITNESS my hand aid or'~c~ai seal ~n the County anti State :ast aforesaid this 28 day ~
R!7 r I'•..•'
i
AD.19L- - r~_
NOtary Public ~ ~
h4y CommitN(pT)t>,lYlf'Ri~IC STATE T crna•7s eT L~~Gc
MY CCtt?1MISSWEI E1?IRfS IW;Y 26 1981
. , f iK GnG t[r;r~DED TF~t! GENEU?i i ~s :,yaRwal tERS